The Employee Stock Options Scheme has been widely acknowledged as an effective tool for enhancing the productivity, efficiency and effectiveness of the organizations through increased employee morale and commitment. In India, we found several success stories of ESOPs, namely Wipro, Dabur,...

Financial regulation is a much debated topic for some time. The history of financial instruments started at a time when people started giving value to physical objects over and above its inherent utility. Right from the very beginning of their existence, it has been acknowledged that financial...

I explore an unintended consequence of the recent Indian bankruptcy reform, the Insolvency and Bankruptcy Code, 2016 (IBC), on the sticky cost behaviour of firms. I find that while there exists stickiness among Indian firms, in general (i.e., costs increase by approximately 0.36% per 1% increase...

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply and demand characteristics, using a small...

Public sector enterprises (PSEs) have been one of the key drivers of economic development in several countries, including India. While many countries have gradually moved away from the PSE model of growth, in the year 2019, around 25 percent of the Fortune Global 500 companies were PSEs. As...

The incredibly low levels of learning and the generally dysfunctional public sector schooling systems in many (though not all) developing countries are the result of a capability trap (Pritchett et al. 2010). Two phenomena reinforce persistent failure of schooling systems to produce adequate...

Kautilya's Arthaśāstra, from the end of the fourth century BC, provides interesting insights into the problems of governance, accounting and control in the Mauryan society. This paper uses the extant English translations of Arthaśāstra to summarize the structure of the Mauryan economy,...

The paper focuses on evaluation of the few turn around strategies available with the Indian Railways to improve its operating ratio. The strategies examined are (a) choice of electric traction and the pace of electrification (b) improvement of utilization of network capacity (c) bench marking of...