Manoj Kumar

• Former Professor at IIM Lucknow & IIM Rohtak (2006-14) + Former Founding Head, Executive Training Centre, IIM Rohtak SVKM's Narsee Monjee Institute of Management Studies (NMIMS) Ph.D [Finance], Shailesh J. Mehta School of Management, IIT Bombay
• Chair at IIM Jammu

This study is aimed at ascertainment of factors influencing adoption and disclosure of voluntary Corporate Governance practices (VCGP) of Indian listed firms. Results revealed that: (a) there exists a large variation in VCGP across Indian firms; (b) VCGP of Indian firms are significantly affected by their size, financial leverage, ownership concent...

This study is aimed at ascertainment of factors influencing adoption and disclosure of voluntary corporate governance practices (VCGP) of Indian listed firms. Results revealed that: a) there exists a large variation in VCGP across Indian firms; b) VCGP of Indian firms are significantly affected by their size, financial leverage, ownership concentra...

The focus of this study is to understand the previously ignored return generating dynamics of American Depositary Receipts (ADR) markets. The main objective of this study is to investigate the nature of the return generating process of the Indian ADRs market. Specifically, the study addresses following interrelated research questions: Do returns se...

This case captures the experiences of Geetika Dhawan (Geetika), an Assistant Professor in the ‘Fine Arts’ Department of National University of Liberal Education (NULE). The case initially narrates unpleasant events that happened during the opening session of course titled, ‘Introductory Course on Sculpture’ being conducted by Geetika. Later part of...

During the previous two decades Indian economy has shown a tremendous improvement due to emergence of various knowledge based industries. In such industries, firms recognize people as a key resource to gain competitive edge over their peers. Many firms, especially in Information Technology (IT) sector, view their employees or human capital or human...

Understanding the investment behaviour, specifically information search and processing behaviour of mutual fund (MF) investors is a key to the effective marketing of MF schemes, and yet we have only limited understanding of it. The limited insights into the investment behaviour of MF investors are available from the existing studies dispersed acros...

During the past two decades, numerous Indian firms have gone public by undertaking Initial Public Offerings (IPOs) of their equity shares. Yet, many other Indian firms have intentionally chosen to remain private even though they fulfill the eligibility criteria of going public. This raises the question as to what are the determinants of firms' goin...

Purpose Human capital (HC) disclosures by firms are voluntary as per the GAAPs in most of the countries including India. Therefore, a wide discrepancy exists across Indian firms with respect to their HC disclosures. This paper aims to investigate the extent and determinants of HC disclosure levels of the Indian listed firms in a two‐stage analysis....

Understanding the investment behaviour, specifically information search and processing behaviour of mutual fund (MF) investors is a key to the effective marketing of MF schemes, and yet we have only limited understanding of it. This study proposes and validates a model of information search and processing of MF investors. The proposed model is arri...

This study investigates the impact of level of Purchase Decision Involvement (PDI) of Mutual Fund (MF) investors on their investment behavior through a survey of 268 MF investors. Overall the results suggest that the level of PDI significantly impacts the investment behavior of MF investors. Further, the results suggest significant difference in th...

Contrary to the popular belief that objective knowledge (OK) (that is, what is actually stored in the memory) and subjective knowledge (SK) (that is, what individuals perceive they know) differently impact information search and information-processing behaviour, an empirical study conducted on 268 mutual fund (MF) investors suggests no significant...

The study investigates the change in performance of Indian public firms post to their Initial Public Offerings (IPOs) and its relationship with the changes in the insiders’ ownership around the time firms do their IPOs. A three step methodology is followed. First, the pre-IPO performance of a sample of Indian publicly listed firms is compared with...

Between May 1992 and June 2001, seventy-two Indian firms listed their 85 Depositary Receipt (DR) programs on the foreign capital markets. Existing literature on foreign listings offers 'improved access to capital markets' as one of the main considerations for firms' foreign listing decisions. Managerial survey-based studies of the non-U.S. firms li...

Presently, the biggest challenge faced by technical educational institutions in India is the acute shortage of qualified and competent faculties. This has resulted in a scenario where institutions are vying with each other to attract & retain for them the best available faculty talent. Therefore, it is of utmost importance that institutions should...

India has over 1000 business schools. The incidences of high faculty turnover in most of these business schools have raised numerous issues relating to the faculty workload, faculty research and publications, consulting, faculty development and faculty retention. The present paper is an endeavour to understand and suggest possible ways to reconcile...

This paper examines the determinants of the going public decision of the Indian companies. A probit regression model is used to analyze the influence of fundamental financial data of Indian companies on their going public decision. The size, profitability, age and leverage emerged as the significant determinants of going public decision of Indian c...

The trend towards the internationalisation of financial markets has gained impetus during the last two decades, driven mainly by the sophistication in IT and capital market participants (borrowers, investors and financial intermediaries), greater co-operation between financial regulators, the lowering of capital barriers across national boundaries...

Between May 1992 and June 2001, 72 Indian companies tapped the international capital markets with their equity offerings in form of Depositary Receipt (DR) programs. Initially, most of these programs were in the form of Global Depositary Receipts (GDRs) and were traded on London and Luxembourg stock exchanges. Since 1999, many Indian companies have...

The growing internationalization of capital markets suggests that an increasing number of firms perceive the benefits of listing their securities abroad directly or in form of Depositary Receipts (DRs). Many other firms, however, still limit listing their securities to their domestic stock exchanges. The existing research has investigated the facto...

This study addresses following research issues in context of foreign listings by the Indian companies: (a) What are the motivating and deterring factors that influence firms' foreign listing decisions? (b) What considerations may influence managerial choice to foreign list their DR programs on a particular financial market? (c) How the foreign list...

Between May 1992 and June 2001, 72 Indian firms listed their 85 Depositary Receipt (DR) programmes on the foreign capital markets. Most Indian DR programmes are listed on the European exchanges rather than on the US exchanges. This paper studies firm-level financial data of foreign listed Indian firms to see whether the ‘improved access to external...

Between May 1992 and June 2001, seventy-two Indian companies tapped the international capital markets with their equity offerings in form of Depositary Receipts (DRs). Initially most of these programs were in form of Global Depositary Receipts (GDRs) and were traded on London and Luxembourg stock exchanges. Since 1999 many Indian companies have bee...

Between May 1992 and June 2001, 72 Indian companies tapped the international capital markets with their equity offerings in form of Depositary Receipts (DRs). Initially, most of these programmes were in the form of Global Depositary Receipts (GDRs) and were traded on London and Luxembourg stock exchanges. Since 1999, many Indian companies have been...