We study the sectoral allocation of public infrastructure investments in the agriculture and manufacturing sectors in India. In addition to the changing employment and output shares of these two sectors, the capital output ratio in agriculture in India has fallen, while it has risen in manufacturing. To match these observations we construct a two sector OLG model with Cobb-Douglas
Chetan Ghate is the Reserve Bank of India (RBI) Chair Professor of Macreconomics at ICRIER (Indian Council for Research on International Economic Relations. He is also an Associate Professor (from where he is on leave) in the Economics and Planning Unit of the Indian Statistical Institute (ISI), New Delhi.
Prior to ISI, he has held
Critical of the imperialist/colonial formations and outcomes of the current innovation practices, Australia-based Design Anthropologist Dori Tunstall will introduce the concept of Cultures-Based Innovation. Coming out of discussions from a 2011 meeting at the Rockefeller Foundation's Bellagio Center in Italy, Cultures-Based Innovation focuses on processes where old (and new) ways of
Dori is a Stanford PHD in anthropology and was instrumental in pioneering a graduate programme in the emergent discipline of Design Anthropology in Australia. She is also an expert in culture-based innovation and has conducted workshops and lectured at various venues across the world on these emergent areas in design and innovation. She is currently an Associate
Takeover defenses have long been viewed as detrimental to firm performance. They can lead to managerial entrenchment and the associated ills of shirking, empire building and enjoying perks. However, takeover protections can also help managers make long-term oriented choices by reducing their focus on shorter term firm and price performance. In this study we find that firms that use
Professor Bhojraj's research interests are in the areas of corporate governance, behavioral finance, discretionary disclosure of information by firms, and international accounting and valuation. He has taught courses in applied portfolio management, financial analysis and financial accounting. In his role as faculty director of the Parker Center for Investment Research, he
Nuclear power has been held out as possibly the most important source of energy for India. And the dream of a nuclear powered India has been supported by huge financial budgets and high level political commitment for over six decades. Nuclear power has also been held out as safe, environmentally benign and cheap. Physicist and writer, M.V. Ramana shows that nuclear power has been
M. V. Ramana is currently appointed jointly with the Nuclear Futures Laboratory and the Program on Science and Global Security, both at Princeton University, and works on the future of nuclear energy in the context of climate change and nuclear disarmament. He received his Ph.D. in Physics from Boston University and has held academic positions at the University of Toronto
We study organizations with individuals whose expertise differ in content and breadth. For example, specialists have deeper expertise than generalists, but in fewer areas. Difficulties in communication depend on who communicates with whom. Our analysis, which is consistent with several empirical findings, shows that: (i) an organization is more valuable and its leader has broader
Dr. Raaj Sah has taught economics at the Massachusetts Institute of Technology, Princeton, University of Pennsylvania, and Yale. He is presently a professor at the University of Chicago. His writings have been published widely, in many areas of economics and business. He has been honored for his teaching. He has spent time in over forty countries for his advisory and
This seminar will present preliminary results of a project that looked at how new business analytics technologies have diffused in firms in the UK retail sector. This project was funded by the University of Bedfordshire. We first develop a theoretical framework drawing on relevant theoretical perspectives: IT Business Value and the technology-organization-environment theory. We then
Dr.Ramakrishnan Ramanathan is working as a professor of operations management in the University of Bedfordshire Business School, Luton, UK. His research interests include operations management, supply chains, environmental sustainability, economic and policy analysis of issues in the energy, environment, transport and other infrastructure sectors. He works extensively on
We study the relation between fraud and social ties between CEOs and directors. While the sum of all types of social ties decreases fraud probability, this result masks heterogeneity in the effect of diferent types of ties. Nonprofessional ties from common alma mater or non-business service increase fraud likelihood. Professional ties from prior employment histories lower fraud
Dr N.R. Prabhala has a PhD from Stern School of Business, New York University. His research interest includes corporate finance, Financial Econometrics and option markets. Prabhala has written on a range of topics in corporate finance, including econometric techniques and signaling models in event-studies, executive compensation, and IPOs. His work on options examines the
The problem of finding appropriate weights to combine several density forecasts is an important issue currently debated in the forecast combination literature. Hall and Mitchell (IJF, 2007) proposes to combine density forecasts with optimal weights obtained from solving an optimisation problem. This paper studies the properties of this optimisation problem when the forecast horizon
Laurent Pauwels received his Ph.D. in International Economics jointly from the Graduate Institute and the University of Geneva. His main areas of research are in estimation and inference in panels. He is currently working on issues related to structural breaks in heterogeneous panel data models. His interests also include macroeconomic and exchange rate issues in China.
We investigate a prominent allegation in Congressional hearings that Moody's loosened its standards for assigning credit ratings after it went public in the year 2000 in an attempt to chase market share and increase revenue. We exploit a difference-in-difference design by benchmarking Moody's ratings with those assigned by its rival S&P before and after 2000. Consistent with
Semi Kedia is an Associate Professor of Finance at Rutgers Business School. Professor Kedia's research interests are in empirical corporate finance, corporate governance, and corporate fraud. Her current research focuses on the causes and consequences of recent accounting scandals. She also examines the role of geography and distance on the resolution of information
We examine investment styles, common in mutual and hedge funds, for private equity investments. In particular, we focus our attention on the relationship between style drift and performance. On one hand, venture capital (VC) firms that stay focused in the same investment styles can increase performance by developing style-specific knowledge, which we call economies-of-focus. On the
Amit Bubna is an Assistant Professor of Finance at ISB, Hyderabad. His research interest includes Applied Microeconomic Theory, Financial Economics and Corporate Finance, Comparative Institutional Analysis and Organization Theory. He has a Master in Economics from Cambridge University and PhD from Stanford University