Volume 5
Constituents and Drivers of Mission Engagement for Social Enterprise Sustainability: A Systematic Review
Reeti Kulshrestha, Arunaditya Sahay , Subhanjan Sengupta
Social entrepreneurship as a prosocial phenomenon focuses on the upliftment of the vulnerable and marginalised through entrepreneurship. Social enterprises are mission-oriented often suffering from mission-related challenges that accompany duality in its form. This in turn raises concern over sustainability for social enterprises as they begin to focus more on the economic objectives rather than the social value they originally intended to create. The objective of the study is not only to carry out a sys...
Volume 5
COVID-19 and its impact on global virtual teams: exploring the unexplored
Archana Shrivastava, Pooja Misra
Based on our understanding, most of the research related to a pandemic focus on the health sector and economy. Our research article examines how internationally disruptive events like COVID-19 pandemic influence global virtual teams, particularly those in which team members have never met in person. Research also explored the participants' perception of higher education institutions towards online learning and attitude of corporate organisations towards remote working in the coming years. Results of the ...
Volume 5
Exchange Rate Volatility and Financial Stress: Evidence from Developing Asia
Daitri Tiwary, Khanindra Ch. Das , Pooja Misra
The study investigates the role of financial stress in triggering exchange rate volatility in developing Asia, where instability in financial markets contributes to the extent of exogenous shocks. We investigate volatility clustering in nominal exchange rate (NER) of dollar-denominated domestic currencies of developing Asia. Using country-level monthly time series data from 2006 to 2019 of NER and financial stress for seven representative economies of developing Asia, namely, Philippines, Indonesia, Mala...
Volume 5
Mcdonald’s in India: The Battle for Control
Arunaditya Sahay, Tushar Sankar Banerjee
McDonalds India Private Limited (MIPL) had formed a joint venture in 1995 with Vikram Bakshi, a real estate hospitality magnate, both the parties owning 50% of the share. The joint venture was named Connaught Plaza Restaurant Ltd (CPRL). In 2008, when CPRL was operating 70 McDonald's outlets, MIPL offered to acquire Bakshi’s share in the joint venture first for $5 million which was revised to $7 million. This offer would have given only $2 million more than Bakshi's initial investment while his money w...
Volume 5
Was India Right in Not Joining RCEP? A Cost-Benefit Analysis
Monika Jain
India dropped out of the Regional Comprehensive Economic Partnership (RCEP)—which included the Association of Southeast Asian Nations (ASEAN) countries, China, South Korea, New Zealand, Japan and Australia—after negotiating for almost seven years in November 2018 on the grounds of national interest and also that free trade agreements (FTAs) did not amount to free trade and led to more trade diversion than trade creation. The cost and benefit of a regional agreement depend on the amount of trade creat...
Volume 5
A Sustainable environmental change and ESG initiatives by the manufacturing and others service Industries during COVID19 Pandemic
Monika Mittal, Manoj Pareek , Shubham Sharma , Jasgurpreet Chohan , Raman Kumar and Sandeep Singh
Covid-19 has improved the economy's ESG plan. The ESG rating of an industry is crucial for stakeholders and will influence future business practices. ESG is commonly understood to refer to a set of criteria for making long-term investments in the areas of the environment, social welfare, and governance. Climate change is a systemic concern, and governments, companies, and society are increasingly determined to meet it. Climate change, according to the ESG, is the world's most complicated challenge, posin...