Published Papers

The School’s research output in the last decade has been both significant and considerable, as testified by our AACSB accreditation in 2011. We take great pride in the fact that our faculty have contributed more than 150 articles to reputed academic and practitioner journals.

In the past few years, ISB faculty members have published over 60 papers in top-tier journals. Our faculty have received numerous coveted research grants awarded by premier academic institutions, research centres, corporate houses and reputed foundations such as the Bill and Melinda Gates Foundation, Ford Foundation, MacArthur Foundation, WWF, McCombs School of Business, UT-Austin and others. These awards attest to the scope, depth and impact of the research conducted at the ISB.

Published PapersLobo, Gerald., Manchiraju, Hariom., Sridharan (Sri), Swaminathan. (Forthcoming) "Accounting and economic consequences of CEO paycuts", Journal of Accounting and Public Policy
Published PapersArunachalam, S., Ramaswami N Sridhar, P Herrmann, D Walker. (2018) "Innovation Pathway to Profitability: The Role of Marketing Capabilities", Journal of the Academy of Marketing Science
Published PapersDevalkar, Sripad K., Seshadri, Sridhar., Ghosh, Chitrabhanu.,Mathias, Allen. (Forthcoming) "Data science applications in Indian agriculture", Production and Operations ManagementRead Abstract >Close >Agricultural supply chains in the developing world face the daunting task of feeding a growing population in the coming decades. Along with the provision of food, sustaining livelihoods, enhancing nutrition and the ability to cope with rapid changes in the environment and marketplaces are equally important to millions of small farmers. Data science can help in many ways. In this article, we outline the beginnings of data science applications in Indian agriculture. We cover various initiatives such as data collection, visualization and information dissemination and applications of algorithmic data analysis techniques for decision support. We describe one application under development that provides timely price information to farmers, traders and policy makers.

Published PapersDevalkar, Sripad K., Anupindi, Ravi.,Sinha, Amitabh. (Forthcoming) "Dynamic Risk Management of Commodity Operations: Model and Analysis", Manufacturing & Service Operations Management, INFORMSRead Abstract >Close >We consider the dynamic risk management problem for a commodity processor operating in a partially complete market and facing both price uncertainty and significant financial distress costs. The firm procures an input commodity and processes it to produce an output commodity over a multi-period horizon. We use a time-consistent risk measure to approximate the firm’s financial distress costs in a tractable manner and use financial trading to assign a market-based value to the firm’s operational cash flows. We show that the resulting optimal operational policy has the same price and horizon dependent threshold structure that characterizes the known optimal policy when markets are complete or financial distress costs are small. Through numerical studies, we (i) quantify the value of using the optimal operational policy rather than a myopic policy and a policy that neglects to model, even approximately, financial distress costs, finding that this value is significant for firms that face moderate financial distress costs and have excess procurement capacity; (ii) establish that more acute financial distress costs reduce the firm’s throughput; and (iii) show that the benefit of financial hedging is considerable.

Published PapersRay, Sougata.,Mondal, Arindam., Ramachandran, Kavil. (2018) "How does Family Involvement Affect a Firm's Internationalisation? An Investigation of Indian Family Firms", Global Strategy Journal, 8 (1), 73 - 105Thomas Schmidheiny Centre for Family EnterpriseRead Abstract >Close >Research Summary: We investigate whether and how family ownership and management influence firms' internationalization strategies in an emerging economy in which family firms are dominant. Anchoring on the willingness and ability framework and drawing on the socioemotional wealth perspective and agency theory, we theorize how the heterogeneity among family firms in their ownership structures, concentration, and family involvement in management shapes the firms' internationalization strategies. We also theorize how certain contingencies, such as the presence of foreign institutional ownership and family management, moderate the relationship between family ownership and internationalization strategy. We test our predictions by using a proprietary, longitudinal panel dataset of 303 leading family firms from India and find support for most of our theoretical predictions. Managerial Summary: Internationalization has emerged as a dominant strategy for firms in a globally interconnected world. We observe that ownership structure and management have significant bearing on internationalization strategies of family firms, as family owners and managers are more averse to internationalization. Family firms' aversion to internationalize is more pronounced when families can exercise greater control on firms' actions through the combined effect of higher family ownership (primarily through strategic control) and family's participation in management (through strategic, administrative, and operational control). However, certain contingencies, such as the higher ownership of foreign institutions and presence of professional managers, help business families improve their understanding of international markets, reduce the fear of the unknown, and better appreciate the benefits of internationalization, thereby aiding greater internationalization of family firms.

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