IME Seminars

Friday, April 13, 2018 at 12:00 noon


Speaker: Prof. Diptesh Ghosh, IIM Ahmedabad

 

Details of Seminar

Group testing to identify defective valves in inaccessible valve networks

Abstract

This talk is motivated by a problem of checking blowout preventer valves. Blowouts are accidents that occur in oil rigs. They are ecological hazards and are financially damaging for drilling companies. Hence blowout prevention equipment including blowout preventer valves are critical infrastructure for drilling companies and need to be checked regularly for malfunction. However these valves are often physically inaccessible, they are checked in batches called test sets. In this talk we describe an efficient way of checking whether or not all blowout preventer valves in a rig are functioning properly, and of identifying malfunctioning valves if they are present using as few checks as possible. To the best of our knowledge this has not been studied in the literature. We present an exact method to check the functional status of all blowout preventer valves using a minimum number of test sets. We also present a heuristic approach and five heuristic methods to identify malfunctioning valves if they exist. We report our computational experience with these heuristic methods.

About the speaker:

Diptesh Ghosh is a professor in the Production & Quantitative Methods Area. His research interests are in the application of metaheuristic techniquest to hard combinatorial optimization problems, especially in the areas of discrete facility location and layout. He obtained a Bachelor of Technology (Honours) degree in Mechanical Engineering at IIT Kharagpur and a Fellow of IIM Calcutta diploma in Operations Research and Systems Analysis. He has been a postdoctroral researcher in the Faculty of Economics, Department of Econometrics and Operations Research at the University of Groningen and a member of the faculty of Decision Sciences at IIM Lucknow prior to joining IIM Ahmedabad.

Friday, March 23, 2018 at 9 a.m.


Speaker: Mr. Sameer Seth

 

Details of Seminar

Marketing of an ingredient technology-cum-media brand – Brand Dolby as a case study

About the speaker:

Mr. Sameer Seth , Media professional with 14Yrs+ diverse experience in P&L Management, Business Planning, Revenue & Content Strategy, Brand Management, Marketing Communications & Sales. He has handled brand launches (including a category launch) & brand repositioning mandates across some of India's largest Media Corporations and in the Consumer Durable Category. Disruptive marketing leading to delivery of high impact marketing campaigns, while being innovative in operational management & creating non-conventional revenue opportunities is his forte. He has previously worked for Network18 Media & Investments Limited, Star TV Network, CNN-News18 and so forth and an alumni of Delhi University, XLRI Jamshedpur.

Friday, February 16, 2018 at 4 p.m.


Speaker: Mr. Sahil Nayar

 

Details of Seminar

Strategic Decisions - Dynamic talents & diverse workplaces.

About the speaker:

Mrs Tandon is a self-motivating and innovative HR Professional with an illustrious career spanning over 15 years. For starters roles of, Talent Acquisition Head at Stryker, Ex-Associate Director- HR, Snapdeal. She has worked in diverse industries like Medical Technology, E-commerce, Automobile, ITES and has proved her mettle in numerous areas like Talent Acquisition, Employer Branding, Organisation Design and change management amongst others. Fittingly so, her extraordinary contributions to the organisations that she has been associated with have manifested into coveted honours such as Golden Peacock Award for HR Excellence, Best in Candidate Experience in TA League Awards, and Best in Diversity Practices in LnD League awards, for the organisations she has been a part of. Adding to this, her individual brilliance has also been recognised with The Magical Motivator Award and The Best in HR Excellence Award. She has an impeccable level of passion for innovative HR practices and her zeal for developing new Talent Acquisition Strategies is unparallel.

Friday, January 12, 2018


Speaker: Dr. Abhimanyu Bhattacharrya

 

Details of Seminar

Is customer satisfaction an unnecessary cost or a worthwhile investment for utilities?

Abstract

In most markets, customer satisfaction is viewed as a valuable intangible asset that firms should invest in creating and managing. However, it is unclear whether this also makes sense in regulated markets such as those for public utilities. For firms operating in such markets, economic theory posits that providing anything above a minimum level of customer satisfaction will lead to reduced profits. However, marketing theory suggests that investing in customer relationships may still have positive economic pay-offs. Thus, utility managers are unsure whether or not it makes sense to invest in creating and increasing customer satisfaction. To address this question we empirically examine whether and how customer satisfaction may affect utility firm profits. Using data from the U.S. public utilities industry, we show that customer satisfaction positively predicts future profitability in utility firms. We find that this relationship is driven by higher customer satisfaction reducing the utility firm's costs to serve customers.

About the speaker:

In most markets, customer satisfaction is viewed as a valuable intangible asset that firms should invest in creating and managing. However, it is unclear whether this also makes sense in regulated markets such as those for public utilities. For firms operating in such markets, economic theory posits that providing anything above a minimum level of customer satisfaction will lead to reduced profits. However, marketing theory suggests that investing in customer relationships may still have positive economic pay-offs. Thus, utility managers are unsure whether or not it makes sense to invest in creating and increasing customer satisfaction. To address this question we empirically examine whether and how customer satisfaction may affect utility firm profits. Using data from the U.S. public utilities industry, we show that customer satisfaction positively predicts future profitability in utility firms. We find that this relationship is driven by higher customer satisfaction reducing the utility firm's costs to serve customers.

Saturday, October 7, 2017 at 3:45 p.m.


Speaker: Mr. Ashish Chandra

 

Details of Seminar

US Healthcare Industry

Company Profile

A Fortune 6 company, focused on helping people live healthier lives while making the health system work better for everyone. UnitedHealthcare and Optum, both subsidiaries of UnitedHealth Group. Optum is a healthcare service arm of UnitedHealth Group and the largest healthcare IT company in the world by revenue ($84 billion in 2016). Together, Optum and Unitedhealthcare serve approximately 115 million individuals in 2016. In 2016, the company reported an operating income of $13 billion

About the speaker:

An IIT kanpur Alumnus . Mr Ashish is a Decision Scientist and leader in analytics industry for the past 12 years. He has hands on experience in analysis, design and implementation of solutions. Experience in setting up new capabilities, delivery centers and skills. He has worked for top tiered pharma and health care companies. He is currently the Associate Director, at United Health Group.

Saturday, September 2, 2017 at 6:00 p.m.


Speaker: Mr. Utsav Rawat

 

Details of Seminar

Future of Pharmaceutical industry in India

Company Profile

Novartis International AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland. It is one of the largest pharmaceutical companies by both market cap and sales. A science-based and patient-oriented healthcare company, we strive to be a global leader in growing areas of healthcare. Following a corporate transformation Novartis globally is focused on three divisions with global scale and innovation power – pharmaceuticals, eye care and generic medicines

About the speaker:

Mr Utsav Rawat has an extensive experience of more than 11 years in various multinational pharmaceutical & medical devise organizations leading country,regional & global roles in public & private markets (leading innovation, new product development, strategic marketing, advocacy, key account management, portfolio strategy, brand management and sales) Thorough understanding of healthcare industry in Low and Middle Income Countries (LMIC's) and Emerging Markets (EM's). The ability to coordinate cross-national, multi-partner initiatives and work through members in a matrix structure to achieve results is his USP.

Tuesday, September 12, 2017 at 5:00 p.m.


Speaker: Dr. Suman Saurabh

 

Details of Seminar

Market Sentiment and Share Repurchase Quality.

Abstract:

We examine the influence of market irrationality on share repurchase outcomes and motives. The paper investigates how open market repurchases (OMRs) announced in markets characterized by high-irrational sentiment differ from those announced in the low-sentiment markets. Our findings indicate that while announcements in low-sentiment phase earn lower abnormal returns in the short-run, in the long-run, they outperform announcers in the high-sentiment phase. In addition, the long-run operating performance of announcers in the low-sentiment markets is superior. The evidence on long-run stock returns and operating performance suggest that announcers in the low-sentiment markets are more likely to be motivated by the need for signaling. We find differences in their completion rates as well, with low-sentiment OMRs achieving higher completion. We further examine how announcers across the two phases differ in their potential motives. A logit regression indicates that announcers in the low-sentiment market are more likely to signal undervaluation, distribute excess cash, and increase leverage through repurchases. Announcers in the high-sentiment phase, on the other hand, are more likely to be motivated by the price-support and anti-dilution role of repurchases. Overall, our results suggest that the market irrationality influences both the firms' decision to repurchase and the market reaction to the announcement.

About the speaker:

Suman is an FPM student in Finance & Accounting area at Indian Institute of Management, Ahmedabad (IIMA). His research interests encompass topics in payout policy, investments, and behavioral corporate finance. His dissertation work focuses on market irrationality and share repurchases. Three of his papers have been presented at Midwest Finance Association (MFA) annual meeting, Emerging Markets Finance Conference (EMFC), India Finance Conference (IFC), Academy of Economics and Finance (AEF) annual conference, and International Conference on Financial Markets and Corporate Finance (ICFMCF). He holds undergraduate degree in Electrical Engineering from IIT (BHU), Varanasi and postgraduate degree in Business Economics from University of Delhi. He has three years corporate experience in the Information Technology sector.

Friday, September 1, 2017 at 1:45 p.m.


Speaker: Mr. Gaurav Malhotra

 

Details of Seminar

Heath Care: An Exciting Opportunity

Company Profile

Medicover is a leading international healthcare and diagnostic services provider. Established in 1995 in response to the growing demand for high-quality healthcare services in Poland, Medicover subsequently expanded to other countries fulfilling similar needs. Today, Medicover's largest operations are in Germany, Poland, Romania and Ukraine. Medicover provides a broad spectrum of healthcare services via an extensive network of ambulatory clinics, hospitals, specialty-care facilities and laboratories through two divisions – Healthcare Services and Diagnostic Services.

About the speaker:

Mr. Gaurav Malhotra is the Managing Director of Medicover Healthcare a leading European healthcare group. He has been recognised as 100 Most Impactful Healthcare Leaders by eminent jury at World Health and Wellness Congress.He has been recognised as Top MedTech Leader of India.He is the member of exclusive Director's Club.He was earlier M.D & C.E.O. of Bourn Hall International which had won Frost & Sullivan Healthcare Excellence award for 2014 and Best Single Speciality Brand of the year in 2015 which is a reflection of clinical and commercial excellence under his dynamic leadership. He has twenty two years of experience in healthcare domain, in leading business and change management across MNCs, start-ups, joint ventures and re-engineering organisations.He is the Charter Member of TiE-Delhi.He was the M.D. & C.E.O. of Patni Healthcare Ltd. He was the Founder & C.E.O. of Medfort Hospital. He was the Managing Director and Board member of all the acquired healthcare companies for providing strategic and operational direction to ensure delivery of sustainable profitable growth

Tuesday, September 05, 2017 at 3:30 p.m.


Speaker: Dr. Amit Vatsa

 

Details of Seminar

Multi-Period Facility Location Problem with an Uncertain Number of Servers

Abstract:

Facility location problems reported in the literature generally assume the problem parameter values (like cost, budget, etc.) to be known with complete certainty, even if they change over time (as in multi-period versions). However, in reality, there may be some uncertainty about the exact values of these parameters. Specifically, in the context of locating primary health centers (PHCs) in developing countries, there is generally a high level of uncertainty in the availability of servers (doctors) joining the facilities in different time periods. Furthermore, for transparency and efficient assignment of the doctors to PHCs, it is desirable to decide the facility opening sequence (assigning doctors to unmanned PHCs) at the start of the planning horizon.

The extant facility location literature does not account for such an uncertainty regarding server availability. This uncertainty may lead to a facility opening sequence being considered, which may be far from an optimal ex post decision. We work on the uncapacitated and capacitated versions of this problem where facilities can only meet demand which falls within a covering distance. Further, in place of a crisp covering distance, we generalize the problems by considering a gradual covering where coverage function is a non-increasing function of distance. We provide two formulations for each of these versions using minimax regret approach and show that one of the formulations is stronger. We provide Benders decomposition based solution method, along with several refinements for each of the problem variants. For instances that CPLEX MIP solver could solve within a time limit of 20 hours, our proposed solution method turns out to be of the order of 100 - 5000 times faster. To solve larger size problem instances, we also provide tabu search (TS) implementations that give good solution for most of the test instances.

About the speaker:

Amit is working as a functional architect at JDA software, Hyderabad. He is undertaking product development in various supply chain domains using operations research. He has worked in "Air Cargo" and "Tour & Travel" sectors, and received "Pillar Team" awards for his innovative contributions to each of these products.

He completed his fellowship in "Production & Quantitative Methods" from Indian Institute of Management Ahmedabad (IIMA). He obtained PGDM from Indian Institute of Management Lucknow (IIML), and B.Tech in chemical engineering from Indian Institute of Technology Kharagpur (IIT Kgp).

Prior to MBA, he worked in Engineers India Ltd as a process design engineer for 3 years. His provided consulting services to refineries and petrochemical plants for their capacity enhancement/ product up-gradation or setting up a new plant. Post MBA, he worked in IMS Learning Resources as a Centre Manager. Before commencing FPM at IIM Ahmedabad, he joined BBD University, Lucknow as an Asst. Professor, where he taught operations research and project management.

Amit's academic research lies broadly in the area of Facility Location Problems as they arise in Health Care; Service System Design; and Supply Chain Management. He is interested in history, geography and geopolitics; and keeps himself updated with the economic and political developments across the world. He loves to play table-tennis, badminton and cricket, and has represented his organizations in sports events. As an environmental enthusiast, he strives to reduce his carbon footprint.

Saturday, August 26, 2017 at 10:30 a.m.


Speaker: Ms Ruchita Sharma

 

Details of Seminar

Self Branding in the Field of Job Market.

Company Profile

Fidelity International, formerly Fidelity Worldwide Investment, is a company that provides investment management services including mutual funds, pension management and fund platforms to private and institutional investors.Fidelity offers its own funds and, through its platforms in a number of countries, other managers' funds. It currently manages or administers over US$300bn on behalf of private individuals and institutions around the world, offering investors the opportunity to further their medium and long-term investment goals.

About the speaker:

Ruchita Bansal Sharma is a HR professional with 15yrs. + of industry experience with exposure to various roles across various geographies and business lines in HR with increasing leadership responsibilities. Working with CXOs and manage HR team autonomously with a drive for professional excellence in diverse cultural environments while maintaining strong ethical and cultural values. Driving change, growth and transformation across business.

Friday, August 25, 2017 at 5:00 p.m.


Speaker: Dr. Arindam Mondal

 

Details of Seminar

How Does Family Involvement Affect a Firm's Internationalization? An Investigation of Indian Family Firms

Abstract:

We investigate whether and how family ownership and management influence firms' internationalization strategy in an emerging economy in which family firms are dominant. Anchoring on the willingness-ability framework and drawing on the socio-emotional wealth perspective and agency theory, we theorize how the heterogeneity among family firms in their ownership structure, concentration, and family involvement in management shapes the firms' internationalization strategy. 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 data set of 303 leading family firms from India and find support for most of our theoretical predictions.

About the speaker:

Arindam Mondal is 2017 Fellow of the Indian Institute of Management Calcutta in Strategic Management area. He has been researching in the broader area of multinationals from emerging economies and their international business strategies. He has published his research work in reputed international journals such as, Global Strategy Journal (#2 in International Management), Journal of General Management etc. Also, he is an equal co-author on multiple other working papers, three being under review at various stages in very reputed international journals. He has presented his research work in many peer-reviewed national and international conferences such as Academy of International Business Annual Conference, Academy of Management Annual Conference, Pan IIM World Management Conference etc. Until recently, he was working as Assistant Professor (Marketing & Strategy) at Management Development Institute, Murshidabad campus. His teaching interest lies in the fields of Strategic Management, Global Strategic Management, Emerging Market Strategy, and Family Business Strategy. He has received his Bachelor of Engineering degree in Electrical Engineering from Bengal Engineering and Science University, Shibpur, in the year 2009.

Monday, August 28, 2017 at 5:00 p.m.


Speaker: Dr. Debanjan Mitra, IIM Udaypur

 

Details of Seminar

"Analysis of Left Truncated and Right Censored Competing Risks Data"

Abstract:

In this talk, I shall discuss analysis of left truncated and right censored competing risks data, under the assumption of the latent failure times model. The results are developed assuming that there are two competing causes of failures, although most of the results can be extended for more than two causes of failures. The lifetimes corresponding to the competing causes of failures are assumed to follow Weibull distributions, with the same shape parameter but different scale parameters. The maximum likelihood estimation procedure of the model parameters is discussed, and confidence intervals are provided using the bootstrap approach. When the common shape parameter is known, the maximum likelihood estimators of the scale parameters can be obtained in explicit forms, and when it is unknown we provide a simple iterative procedure to compute the maximum likelihood estimator of the shape parameter. The Bayes estimates and the associated credible intervals of unknown parameters are also addressed under a very flexible set of priors on the shape and scale parameters. Extensive Monte Carlo simulations are performed to compare the performances of the different methods. A numerical example is provided for illustrative purposes. Finally the results are extended when the two competing causes of failures are assumed to be independent Weibull distributions with different shape parameters.

About the speaker:

Dr. Debanjan Mitra completed his B.Sc. and M.Sc. in statistics from University of Calcutta, India, in 2006 and 2008, respectively. Then, he earned his Ph.D. from McMaster University, Canada in 2012, under the supervision of Professor N. Balakrishnan. From December 2012 to May 2014, Dr. Mitra was an Assistant Professor in the Department of Mathematics at IIT Guwahati. Since June 2014, Dr. Mitra is an Assistant Professor in the Operations Management, Quantitative Methods and Information Systems Area at IIM Udaipur. His research interests include reliability and survival analysis, ordered data analysis, censoring methodologies, and their applications.

Tuesday, August 22, 2017 at 3:30 p.m.


Speaker: Dr. Amit Baran Chakrabarti

 

Details of Seminar

Entrepreneurial Orientation in Dire Times: The Role of Risk-Taking Ability of Owners

Abstract:

This paper examines the role of performance feedback as an antecedent to entrepreneurial orientation and how it is affected by heterogeneity in risk-taking ability across ownership categories. Using a behavioral agency theory perspective, we argue that loss-aversion leads managers to adopt risk-oriented strategic postures such as entrepreneurial orientation, contingent on the risk-taking ability of the owners. A panel dataset of 247,052 observations pertaining to 27,528 firms over a period of 22 years, provides supporting evidence that higher performance aspiration gap leads to higher entrepreneurial orientation among firms. However, even when faced with a loss frame, the risk taking behavior is contingent on the ownership category, due to differences in the resource configuration and governance arrangements.

About the speaker:

Dr. Amit Baran Chakrabarti is an Assistant Professor at TA Pai Management Institute, Manipal. Prior to joining TAPMI he was engaged as a Senior Researcher at the Thomas Schmidheiny Center for Family Business at the Indian School of Business. He joined academia after completing 8 years of corporate work experience which included stints at IndianOil and KSA Technopak. He has completed his B.Arch. from Jadavpur University in the year 2000; MBA from IIM Bangalore in the year 2004 and FPM from IIM Calcutta in 2017 respectively. His research interests are in the areas of international business, public sector management and entrepreneurship. He has published in the Journal of Economic Policy Reforms, Journal of General Management and Journal of East West Business, apart from presenting his research work at several national and international conferences.

 

IME Seminars

Friday, March 23, 2018 at 9 a.m.


Speaker: Mr. Sameer Seth

 

Details of Seminar

Marketing of an ingredient technology-cum-media brand – Brand Dolby as a case study

About the speaker:

Mr. Sameer Seth , Media professional with 14Yrs+ diverse experience in P&L Management, Business Planning, Revenue & Content Strategy, Brand Management, Marketing Communications & Sales. He has handled brand launches (including a category launch) & brand repositioning mandates across some of India's largest Media Corporations and in the Consumer Durable Category. Disruptive marketing leading to delivery of high impact marketing campaigns, while being innovative in operational management & creating non-conventional revenue opportunities is his forte. He has previously worked for Network18 Media & Investments Limited, Star TV Network, CNN-News18 and so forth and an alumni of Delhi University, XLRI Jamshedpur.

Friday, February 16, 2018 at 4 p.m.


Speaker: Mr. Sahil Nayar

 

Details of Seminar

Strategic Decisions - Dynamic talents & diverse workplaces.

About the speaker:

Mrs Tandon is a self-motivating and innovative HR Professional with an illustrious career spanning over 15 years. For starters roles of, Talent Acquisition Head at Stryker, Ex-Associate Director- HR, Snapdeal. She has worked in diverse industries like Medical Technology, E-commerce, Automobile, ITES and has proved her mettle in numerous areas like Talent Acquisition, Employer Branding, Organisation Design and change management amongst others. Fittingly so, her extraordinary contributions to the organisations that she has been associated with have manifested into coveted honours such as Golden Peacock Award for HR Excellence, Best in Candidate Experience in TA League Awards, and Best in Diversity Practices in LnD League awards, for the organisations she has been a part of. Adding to this, her individual brilliance has also been recognised with The Magical Motivator Award and The Best in HR Excellence Award. She has an impeccable level of passion for innovative HR practices and her zeal for developing new Talent Acquisition Strategies is unparallel.

Friday, January 12, 2018


Speaker: Dr. Abhimanyu Bhattacharrya

 

Details of Seminar

Is customer satisfaction an unnecessary cost or a worthwhile investment for utilities?

Abstract

In most markets, customer satisfaction is viewed as a valuable intangible asset that firms should invest in creating and managing. However, it is unclear whether this also makes sense in regulated markets such as those for public utilities. For firms operating in such markets, economic theory posits that providing anything above a minimum level of customer satisfaction will lead to reduced profits. However, marketing theory suggests that investing in customer relationships may still have positive economic pay-offs. Thus, utility managers are unsure whether or not it makes sense to invest in creating and increasing customer satisfaction. To address this question we empirically examine whether and how customer satisfaction may affect utility firm profits. Using data from the U.S. public utilities industry, we show that customer satisfaction positively predicts future profitability in utility firms. We find that this relationship is driven by higher customer satisfaction reducing the utility firm's costs to serve customers.

About the speaker:

In most markets, customer satisfaction is viewed as a valuable intangible asset that firms should invest in creating and managing. However, it is unclear whether this also makes sense in regulated markets such as those for public utilities. For firms operating in such markets, economic theory posits that providing anything above a minimum level of customer satisfaction will lead to reduced profits. However, marketing theory suggests that investing in customer relationships may still have positive economic pay-offs. Thus, utility managers are unsure whether or not it makes sense to invest in creating and increasing customer satisfaction. To address this question we empirically examine whether and how customer satisfaction may affect utility firm profits. Using data from the U.S. public utilities industry, we show that customer satisfaction positively predicts future profitability in utility firms. We find that this relationship is driven by higher customer satisfaction reducing the utility firm's costs to serve customers.

Saturday, October 7, 2017 at 3:45 p.m.


Speaker: Mr. Ashish Chandra

 

Details of Seminar

US Healthcare Industry

Company Profile

A Fortune 6 company, focused on helping people live healthier lives while making the health system work better for everyone. UnitedHealthcare and Optum, both subsidiaries of UnitedHealth Group. Optum is a healthcare service arm of UnitedHealth Group and the largest healthcare IT company in the world by revenue ($84 billion in 2016). Together, Optum and Unitedhealthcare serve approximately 115 million individuals in 2016. In 2016, the company reported an operating income of $13 billion

About the speaker:

An IIT kanpur Alumnus . Mr Ashish is a Decision Scientist and leader in analytics industry for the past 12 years. He has hands on experience in analysis, design and implementation of solutions. Experience in setting up new capabilities, delivery centers and skills. He has worked for top tiered pharma and health care companies. He is currently the Associate Director, at United Health Group.

Saturday, September 2, 2017 at 6:00 p.m.


Speaker: Mr. Utsav Rawat

 

Details of Seminar

Future of Pharmaceutical industry in India

Company Profile

Novartis International AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland. It is one of the largest pharmaceutical companies by both market cap and sales. A science-based and patient-oriented healthcare company, we strive to be a global leader in growing areas of healthcare. Following a corporate transformation Novartis globally is focused on three divisions with global scale and innovation power – pharmaceuticals, eye care and generic medicines

About the speaker:

Mr Utsav Rawat has an extensive experience of more than 11 years in various multinational pharmaceutical & medical devise organizations leading country,regional & global roles in public & private markets (leading innovation, new product development, strategic marketing, advocacy, key account management, portfolio strategy, brand management and sales) Thorough understanding of healthcare industry in Low and Middle Income Countries (LMIC's) and Emerging Markets (EM's). The ability to coordinate cross-national, multi-partner initiatives and work through members in a matrix structure to achieve results is his USP.

Tuesday, September 12, 2017 at 5:00 p.m.


Speaker: Dr. Suman Saurabh

 

Details of Seminar

Market Sentiment and Share Repurchase Quality.

Abstract:

We examine the influence of market irrationality on share repurchase outcomes and motives. The paper investigates how open market repurchases (OMRs) announced in markets characterized by high-irrational sentiment differ from those announced in the low-sentiment markets. Our findings indicate that while announcements in low-sentiment phase earn lower abnormal returns in the short-run, in the long-run, they outperform announcers in the high-sentiment phase. In addition, the long-run operating performance of announcers in the low-sentiment markets is superior. The evidence on long-run stock returns and operating performance suggest that announcers in the low-sentiment markets are more likely to be motivated by the need for signaling. We find differences in their completion rates as well, with low-sentiment OMRs achieving higher completion. We further examine how announcers across the two phases differ in their potential motives. A logit regression indicates that announcers in the low-sentiment market are more likely to signal undervaluation, distribute excess cash, and increase leverage through repurchases. Announcers in the high-sentiment phase, on the other hand, are more likely to be motivated by the price-support and anti-dilution role of repurchases. Overall, our results suggest that the market irrationality influences both the firms' decision to repurchase and the market reaction to the announcement.

About the speaker:

Suman is an FPM student in Finance & Accounting area at Indian Institute of Management, Ahmedabad (IIMA). His research interests encompass topics in payout policy, investments, and behavioral corporate finance. His dissertation work focuses on market irrationality and share repurchases. Three of his papers have been presented at Midwest Finance Association (MFA) annual meeting, Emerging Markets Finance Conference (EMFC), India Finance Conference (IFC), Academy of Economics and Finance (AEF) annual conference, and International Conference on Financial Markets and Corporate Finance (ICFMCF). He holds undergraduate degree in Electrical Engineering from IIT (BHU), Varanasi and postgraduate degree in Business Economics from University of Delhi. He has three years corporate experience in the Information Technology sector.

Friday, September 1, 2017 at 1:45 p.m.


Speaker: Mr. Gaurav Malhotra

 

Details of Seminar

Heath Care: An Exciting Opportunity

Company Profile

Medicover is a leading international healthcare and diagnostic services provider. Established in 1995 in response to the growing demand for high-quality healthcare services in Poland, Medicover subsequently expanded to other countries fulfilling similar needs. Today, Medicover's largest operations are in Germany, Poland, Romania and Ukraine. Medicover provides a broad spectrum of healthcare services via an extensive network of ambulatory clinics, hospitals, specialty-care facilities and laboratories through two divisions – Healthcare Services and Diagnostic Services.

About the speaker:

Mr. Gaurav Malhotra is the Managing Director of Medicover Healthcare a leading European healthcare group. He has been recognised as 100 Most Impactful Healthcare Leaders by eminent jury at World Health and Wellness Congress.He has been recognised as Top MedTech Leader of India.He is the member of exclusive Director's Club.He was earlier M.D & C.E.O. of Bourn Hall International which had won Frost & Sullivan Healthcare Excellence award for 2014 and Best Single Speciality Brand of the year in 2015 which is a reflection of clinical and commercial excellence under his dynamic leadership. He has twenty two years of experience in healthcare domain, in leading business and change management across MNCs, start-ups, joint ventures and re-engineering organisations.He is the Charter Member of TiE-Delhi.He was the M.D. & C.E.O. of Patni Healthcare Ltd. He was the Founder & C.E.O. of Medfort Hospital. He was the Managing Director and Board member of all the acquired healthcare companies for providing strategic and operational direction to ensure delivery of sustainable profitable growth

Tuesday, September 05, 2017 at 3:30 p.m.


Speaker: Dr. Amit Vatsa

 

Details of Seminar

Multi-Period Facility Location Problem with an Uncertain Number of Servers

Abstract:

Facility location problems reported in the literature generally assume the problem parameter values (like cost, budget, etc.) to be known with complete certainty, even if they change over time (as in multi-period versions). However, in reality, there may be some uncertainty about the exact values of these parameters. Specifically, in the context of locating primary health centers (PHCs) in developing countries, there is generally a high level of uncertainty in the availability of servers (doctors) joining the facilities in different time periods. Furthermore, for transparency and efficient assignment of the doctors to PHCs, it is desirable to decide the facility opening sequence (assigning doctors to unmanned PHCs) at the start of the planning horizon.

The extant facility location literature does not account for such an uncertainty regarding server availability. This uncertainty may lead to a facility opening sequence being considered, which may be far from an optimal ex post decision. We work on the uncapacitated and capacitated versions of this problem where facilities can only meet demand which falls within a covering distance. Further, in place of a crisp covering distance, we generalize the problems by considering a gradual covering where coverage function is a non-increasing function of distance. We provide two formulations for each of these versions using minimax regret approach and show that one of the formulations is stronger. We provide Benders decomposition based solution method, along with several refinements for each of the problem variants. For instances that CPLEX MIP solver could solve within a time limit of 20 hours, our proposed solution method turns out to be of the order of 100 - 5000 times faster. To solve larger size problem instances, we also provide tabu search (TS) implementations that give good solution for most of the test instances.

About the speaker:

Amit is working as a functional architect at JDA software, Hyderabad. He is undertaking product development in various supply chain domains using operations research. He has worked in "Air Cargo" and "Tour & Travel" sectors, and received "Pillar Team" awards for his innovative contributions to each of these products.

He completed his fellowship in "Production & Quantitative Methods" from Indian Institute of Management Ahmedabad (IIMA). He obtained PGDM from Indian Institute of Management Lucknow (IIML), and B.Tech in chemical engineering from Indian Institute of Technology Kharagpur (IIT Kgp).

Prior to MBA, he worked in Engineers India Ltd as a process design engineer for 3 years. His provided consulting services to refineries and petrochemical plants for their capacity enhancement/ product up-gradation or setting up a new plant. Post MBA, he worked in IMS Learning Resources as a Centre Manager. Before commencing FPM at IIM Ahmedabad, he joined BBD University, Lucknow as an Asst. Professor, where he taught operations research and project management.

Amit's academic research lies broadly in the area of Facility Location Problems as they arise in Health Care; Service System Design; and Supply Chain Management. He is interested in history, geography and geopolitics; and keeps himself updated with the economic and political developments across the world. He loves to play table-tennis, badminton and cricket, and has represented his organizations in sports events. As an environmental enthusiast, he strives to reduce his carbon footprint.

Saturday, August 26, 2017 at 10:30 a.m.


Speaker: Ms Ruchita Sharma

 

Details of Seminar

Self Branding in the Field of Job Market.

Company Profile

Fidelity International, formerly Fidelity Worldwide Investment, is a company that provides investment management services including mutual funds, pension management and fund platforms to private and institutional investors.Fidelity offers its own funds and, through its platforms in a number of countries, other managers' funds. It currently manages or administers over US$300bn on behalf of private individuals and institutions around the world, offering investors the opportunity to further their medium and long-term investment goals.

About the speaker:

Ruchita Bansal Sharma is a HR professional with 15yrs. + of industry experience with exposure to various roles across various geographies and business lines in HR with increasing leadership responsibilities. Working with CXOs and manage HR team autonomously with a drive for professional excellence in diverse cultural environments while maintaining strong ethical and cultural values. Driving change, growth and transformation across business.

Friday, August 25, 2017 at 5:00 p.m.


Speaker: Dr. Arindam Mondal

 

Details of Seminar

How Does Family Involvement Affect a Firm's Internationalization? An Investigation of Indian Family Firms

Abstract:

We investigate whether and how family ownership and management influence firms' internationalization strategy in an emerging economy in which family firms are dominant. Anchoring on the willingness-ability framework and drawing on the socio-emotional wealth perspective and agency theory, we theorize how the heterogeneity among family firms in their ownership structure, concentration, and family involvement in management shapes the firms' internationalization strategy. 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 data set of 303 leading family firms from India and find support for most of our theoretical predictions.

About the speaker:

Arindam Mondal is 2017 Fellow of the Indian Institute of Management Calcutta in Strategic Management area. He has been researching in the broader area of multinationals from emerging economies and their international business strategies. He has published his research work in reputed international journals such as, Global Strategy Journal (#2 in International Management), Journal of General Management etc. Also, he is an equal co-author on multiple other working papers, three being under review at various stages in very reputed international journals. He has presented his research work in many peer-reviewed national and international conferences such as Academy of International Business Annual Conference, Academy of Management Annual Conference, Pan IIM World Management Conference etc. Until recently, he was working as Assistant Professor (Marketing & Strategy) at Management Development Institute, Murshidabad campus. His teaching interest lies in the fields of Strategic Management, Global Strategic Management, Emerging Market Strategy, and Family Business Strategy. He has received his Bachelor of Engineering degree in Electrical Engineering from Bengal Engineering and Science University, Shibpur, in the year 2009.

Monday, August 28, 2017 at 5:00 p.m.


Speaker: Dr. Debanjan Mitra, IIM Udaypur

 

Details of Seminar

"Analysis of Left Truncated and Right Censored Competing Risks Data"

Abstract:

In this talk, I shall discuss analysis of left truncated and right censored competing risks data, under the assumption of the latent failure times model. The results are developed assuming that there are two competing causes of failures, although most of the results can be extended for more than two causes of failures. The lifetimes corresponding to the competing causes of failures are assumed to follow Weibull distributions, with the same shape parameter but different scale parameters. The maximum likelihood estimation procedure of the model parameters is discussed, and confidence intervals are provided using the bootstrap approach. When the common shape parameter is known, the maximum likelihood estimators of the scale parameters can be obtained in explicit forms, and when it is unknown we provide a simple iterative procedure to compute the maximum likelihood estimator of the shape parameter. The Bayes estimates and the associated credible intervals of unknown parameters are also addressed under a very flexible set of priors on the shape and scale parameters. Extensive Monte Carlo simulations are performed to compare the performances of the different methods. A numerical example is provided for illustrative purposes. Finally the results are extended when the two competing causes of failures are assumed to be independent Weibull distributions with different shape parameters.

About the speaker:

Dr. Debanjan Mitra completed his B.Sc. and M.Sc. in statistics from University of Calcutta, India, in 2006 and 2008, respectively. Then, he earned his Ph.D. from McMaster University, Canada in 2012, under the supervision of Professor N. Balakrishnan. From December 2012 to May 2014, Dr. Mitra was an Assistant Professor in the Department of Mathematics at IIT Guwahati. Since June 2014, Dr. Mitra is an Assistant Professor in the Operations Management, Quantitative Methods and Information Systems Area at IIM Udaipur. His research interests include reliability and survival analysis, ordered data analysis, censoring methodologies, and their applications.

Tuesday, August 22, 2017 at 3:30 p.m.


Speaker: Dr. Amit Baran Chakrabarti

 

Details of Seminar

Entrepreneurial Orientation in Dire Times: The Role of Risk-Taking Ability of Owners

Abstract:

This paper examines the role of performance feedback as an antecedent to entrepreneurial orientation and how it is affected by heterogeneity in risk-taking ability across ownership categories. Using a behavioral agency theory perspective, we argue that loss-aversion leads managers to adopt risk-oriented strategic postures such as entrepreneurial orientation, contingent on the risk-taking ability of the owners. A panel dataset of 247,052 observations pertaining to 27,528 firms over a period of 22 years, provides supporting evidence that higher performance aspiration gap leads to higher entrepreneurial orientation among firms. However, even when faced with a loss frame, the risk taking behavior is contingent on the ownership category, due to differences in the resource configuration and governance arrangements.

About the speaker:

Dr. Amit Baran Chakrabarti is an Assistant Professor at TA Pai Management Institute, Manipal. Prior to joining TAPMI he was engaged as a Senior Researcher at the Thomas Schmidheiny Center for Family Business at the Indian School of Business. He joined academia after completing 8 years of corporate work experience which included stints at IndianOil and KSA Technopak. He has completed his B.Arch. from Jadavpur University in the year 2000; MBA from IIM Bangalore in the year 2004 and FPM from IIM Calcutta in 2017 respectively. His research interests are in the areas of international business, public sector management and entrepreneurship. He has published in the Journal of Economic Policy Reforms, Journal of General Management and Journal of East West Business, apart from presenting his research work at several national and international conferences.