Share Buyback is one of the tools introduced in Indian financial scenario recently. Many Indian companies have gone repeatedly for the usage of this tool in order to enhance their basic value. The post buyback impact on share prices has been measured by taking a sample of companies which went...

Buybacks is fast emerging as an effective alternative corporate payout policy. Buyback announcements are important events that create temporary market reactions in form of changes in stock prices, liquidity, volatility and other parameters. This study scans for the first time for Indian capital...

Buyback strategy is increasingly adopted by Indian firms since its introduction in 1999. Since its introduction, more than 250 announcements have been made by firms to provide necessary support for their undervalued stocks. The motivations behind buyback decision are necessary to be understood...

This paper is a comment on Finding the Endless Frontier: Lessons from the Life Sciences Innovation System for Technology Policy by Iain M. Cockburn and Scott Stern which can be found at: "http://ssrn.com/abstract=2208693" http://ssrn.com/abstract=2208693

Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using...

This paper documents a shift in the nature of innovation in the information technology (IT) industry. Using comprehensive data on all IT patents granted by the USPTO from 1980-2002, we find strong evidence of a change in IT innovation that is systematic, substantial, and increasingly dependent...

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played in its development. We then explore three noteworthy...

Most technology startups are set up for exit through acquisition by large corporations. In choosing when to sell, startups face a tradeoff. Early acquisition reduces execution errors but later acquisition improves the likelihood of finding a better match since in the early market, there are...

We examine HMO participation and enrollment in the Medicare risk market for the years 1990 to 1995. We develop a profit- maximization model of HMO behavior, which explicitly considers potential linkages between an HMO's production decision in the commercial enrollee market and its participation...

A significant amount of software development is being outsourced to countries such as India. Many Indian software firms have applied for and received quality certifications like the ISO9001, and the number of quality certified software firms has steadily increased. Despite its growing popularity...