Arindam Chakrabarty and Anil Kumar Singh
India has been withstanding increasing pressure of enrolment in the higher education system, resulting in the creation of new universities in consonance with the recommendations…
Abstract
Purpose
India has been withstanding increasing pressure of enrolment in the higher education system, resulting in the creation of new universities in consonance with the recommendations of the Knowledge Commission (2007). Barring a few institutions of paramount excellence, the mushrooming universities fail to conform to equitability of quality and standards, that is teaching-learning-dissemination and research, except for accommodating higher gross enrolment ratio. It has resulted in an asymmetric and sporadic development of human resources, leaving a large basket of learners out of the pursuit for aspiring higher academic, research and professional enrichment. The country needs to develop an innovative common minimum curriculum and evaluation framework, keeping in view the trinity of diversity, equity and inclusion (DEI) across the Indian higher education system to deliver human resources with equitable knowledge, skill and intellectual acumen.
Design/methodology/approach
The paper has been developed using secondary information.
Findings
The manuscript has developed an innovative teaching-learning framework that would ensure every Indian HEI to follow a common minimum curriculum and partial common national evaluation system so that the learners across the country would enjoy the essence of equivalence.
Originality/value
This research has designed a comprehensive model to integrate the spirit of the “DEI” value proposition in developing curriculum and gearing common evaluation. This would enable the country to reinforce the spirit of social equity and the capacity to utilise resources with equitability and perpetuity.
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Arindam Chakrabarty and Uday Sankar Das
History teaches us that the glorious victory of mankind across the centuries was accomplished through the successful use of information. The gigantic progressions and rapid…
Abstract
History teaches us that the glorious victory of mankind across the centuries was accomplished through the successful use of information. The gigantic progressions and rapid transformation of human societies have endorsed legitimacy of abundant data, multiple dynamic variables & critical complexities which reinforce the academia and researchers for understanding and pioneering into ‘Big Data Analytics (BDA)’. Health is one of the vibrant socio-economic variables which have correlations with other aspects of life, that is, education, poverty, income, etc. In fact, there are unending debates whether health can be a basic input for a holistic developmental process or it is the outcome of various developmental factors. BDAs are being used across various sectors of the economy. The developed nations have been yielding most feasible solutions using various forms of analysis of big data. Astronomical research has been using a large quantum of data for accomplishing various satellite projects, space technology, and numerous space missions for the astronaut. With the advent of fourth industrial revolution, the world community has been thriving toward a new age technological innovations that include artificial intelligence, machine learning, block chain technology, etc., which act a pivotal tool for BDAs. In the health sector, application of BDAs has been attempted and experimented in the developed nations which have resulted prolific and sustainable solutions to the most typical cumbersome problems. This chapter has demonstrated how BDAs can make progressive reforms in the Indian Health sector outlining the present status and emerging challenges.
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Arindam Mondal and Amit Baran Chakrabarti
This study seeks to highlight the dynamic nature of entrepreneurial orientation (EO) by investigating how firms respond to adversity, i.e. performance below aspiration levels…
Abstract
Purpose
This study seeks to highlight the dynamic nature of entrepreneurial orientation (EO) by investigating how firms respond to adversity, i.e. performance below aspiration levels through pertinent changes in EO, and if some of these changes can be accounted for based on the ownership of the firm.
Design/methodology/approach
This study adopts a multiple regression using an ordinary least square methodology on a sample of 13,333 Indian firms within the period 2005–2016 to test its hypothesis.
Findings
This research sheds light on performance feedback as an antecedent to EO as also on the effect of ownership moderating this relationship, with diversity in resource configuration and governance arrangement being the key drivers.
Research limitations/implications
This is a single country study; hence, there is a possibility of a country-specific bias. This study uses a secondary measure of EO and thus is unable to capture the entrepreneurial intentions and opinions of managers.
Practical implications
The study establishes a nuanced understanding of how ownership impacts the entrepreneurial behaviour of firms during times of adversity.
Social implications
This study may help policymakers draft appropriate policy interventions for firms at the time of adversity, so that they can improve their entrepreneurial spree.
Originality/value
This rare study from an emerging market establishes performance feedback as an important antecedent of EO. It further highlights the vital role of ownership in supporting/constraining EO.
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Arindam Mondal and Amit Baran Chakrabarti
Information and communication technologies (ICT) are indispensable tools for Knowledge Management (KM) practices in today’s knowledge-intensive and globally interconnected…
Abstract
Purpose
Information and communication technologies (ICT) are indispensable tools for Knowledge Management (KM) practices in today’s knowledge-intensive and globally interconnected marketplace. This paper seeks to investigate the impact of family ownership on ICT investments in an emerging economy (EE) context.
Design/methodology/approach
This empirical paper uses data from 300 large Indian listed firms with 2,650 observations in the period 2008–2017, to test its hypothesis.
Findings
The results indicate that family firms are not favourably inclined towards ICT investments for formalizing their KM practices. However, under certain contexts, such as higher foreign institutional ownership or business group affiliation, they are more willing to invest in ICT resources.
Practical implications
This study establishes a nuanced understanding of how family firms approach ICT investments and KM practices. This research can help family owners/managers to commit sufficient resources on ICT projects.
Originality/value
Literature on KM has largely emanated from developed countries. This is one of the first papers from an EE context that studies the impact of family ownership on ICT investments and subsequent KM practices. In this way, this paper offers specific insights into the context of Indian family firms and offers some interesting findings that can contribute to the literature, policy and practice.
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Amit Baran Chakrabarti and Arindam Mondal
The purpose of this paper is to ascertain the impact of family ownership on the entrepreneurial orientation (EO) of firms in an emerging market and the contingencies under which…
Abstract
Purpose
The purpose of this paper is to ascertain the impact of family ownership on the entrepreneurial orientation (EO) of firms in an emerging market and the contingencies under which it is likely to be affected.
Design/methodology/approach
The paper adopted a panel data multiple regression using ordinary least square methodology on a sample of 51,972 observations belonging to 12,250 firms from India.
Findings
The study finds that family businesses have higher EO than non-family firms. However, it is likely to be affected during institutional transition due to environmental uncertainty. Furthermore, during institutional transition, there will be differences in the EO of family business groups and stand-alone family firms due to the former’s ubiquitous network-level resource advantages.
Research limitations/implications
This paper contributes to the literature on family business by reconciling the positive and negative views on the effect of family ownership on EO by arguing that the risk-taking behavior of family firms is contingent on the environmental conditions and the resource position of the firm.
Practical implications
This study will enable managers and other stakeholders to predict the entrepreneurial attitude of family-owned firms during environmentally stable as well as turbulent times.
Social implications
This study highlights the implication of institutional transition through reforms on a vital part of the economy. Policy makers have to be sensitive to repercussions on family business due to environmental turbulence.
Originality/value
This is one of the first papers that investigate the influence of institutional transition and the resource position of Indian family firms on their EO.
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This paper aims to analyze outbound investments from China at the time of economic crisis caused due to the coronavirus (COVID-19) pandemic and how target valuation and the host…
Abstract
Purpose
This paper aims to analyze outbound investments from China at the time of economic crisis caused due to the coronavirus (COVID-19) pandemic and how target valuation and the host country’s inbound investment policies influence the acquisition intents. As firms witness low valuations during an economic downturn, they become attractive targets for opportunistic buyers, who may be driven by motives beyond business and influenced by the home country’s political agenda. Such attempts are countered with the adoption of restrictive investment policies in host countries.
Design/methodology/approach
The study uses secondary data on cross-border acquisitions from China over the past year and compares the characteristics of these acquisitions with cross-border acquisitions of acquirers from other large developed and developing economies.
Findings
Statistical analyzes show that there are significant differences in the way acquirers from China pursue strategic asset seeking, creeping and control seeking acquisitions during the pandemic and the pre-pandemic period. This paper also observes that reduced valuation of the target, due to economic downturn or otherwise, result in greater propensity in strategic asset seeking acquisitions by Chinese acquirers. At the same time, adverse policies at host nations negatively influence the strategic asset seeking propensity of these acquirers. In addition, the premium in the valuation of target assets during the pandemic does not drop significantly when compared with that of the pre-pandemic period.
Originality/value
With the outbreak of COVID-19 and its concomitant economic impact across the globe, the study brings forwards insights on predatory foreign direct investment (FDI) and explores how policy responses in host countries can be comprehensive rather than disembedded and unilateral.
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The purpose of this paper is to provide an understanding of different explanations in mergers and acquisitions (M&A) research that deal with M&A performance. After five decades of…
Abstract
Purpose
The purpose of this paper is to provide an understanding of different explanations in mergers and acquisitions (M&A) research that deal with M&A performance. After five decades of M&A research, the findings on M&A performance are diverse and sometimes inconsistent with each other. The explanatory variables studied in the empirical works reflect primarily on researchers’ approach, construct, measurement techniques and data availability, leading to inconsistencies among the findings. In order to understand how researchers have measured M&A performance so far, the gaps in existing work and to identify the scope of future work, the authors conduct a systematic review of empirical M&A research on explaining M&A performance.
Design/methodology/approach
This research has been carried out as a structured assessment of past literature. The findings from selected research works have been categorized, grouped and summarized to discern a meta‐analytic view of the work carried out to date.
Findings
The M&A performance measures are diverse owing to heterogeneous views on what constitutes M&A performance and organization performance. They are categorized under Accounting Measures, Market Measures and Other Measures, including subjective assessments. The explanatory variables found in the studies are extensive and can be categorized under Deal Characteristics, Managerial Effects, Firm Characteristics and Environmental Factors.
Originality/value
The paper extracts some key trends in M&A performance studies carried out in empirical works over two decades. The findings help to identify drawbacks and set an agenda for future work.
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Globalization, increasing intensity of competition and access to capital markets have enabled emerging market firms to explore inorganic growth through merger and acquisitions…
Abstract
Purpose
Globalization, increasing intensity of competition and access to capital markets have enabled emerging market firms to explore inorganic growth through merger and acquisitions (M & A) over the past two decades. The purpose of this paper is to analyze the role of firm-specific factors on M & A propensity in Chinese technology firms.
Design/methodology/approach
The authors analyze data on 152 firms from Mainland China, Hong Kong and Taiwan over a period of 2001-2011 using logistic and count data regression.
Findings
The authors find that the factors that influence M & As in these firms differ from the established factors found in M & A in developed economies. Large, low-debt firms have higher acquisition propensity irrespective of their technological strength and they tend to be serial acquirer too.
Originality/value
The findings provide new insights into inorganic growth behavior of emerging market technology firms and indicate presence of both exploitative and exploratory motives.