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...

We analyze how entrepreneurial opportunity cost conditions performance. We depart from the literature on entrepreneurship which identifies survival with performance. Instead, many entrepreneurs aim for a cash-out (IPO or acquisition), especially in innovation based industries. Striving for a...

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...

We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent, recognizing that R&D and patenting affect one another and are both driven by many of the same factors. Using survey data for the U.S. manufacturing sector, we estimate the increment to...

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...

This paper develops a theoretical and empirical model to analyze the effects of the size of domestic markets on the international competitiveness of national industries. We validate our theory using data on the more than 20,000 plants in the sector producing engineering services for...

The Indian software industry has been widely studied. Previous studies have recognized the role of skilled labor in the growth of the industry, but have not empirically investigated the role of skilled labor. In this study we focus on the role of human capital in the regional location of the...

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...

Drawing on their previous book-length study published in 2000, the authors examine the nature and functioning of markets for technology, namely markets for intermediate technological inputs, as well as their implications for business and public policy. Markets for technology are not easy to...