Many policies in India, including economic reform policies, are officially intended to alleviate poverty. But how committed is the Indian government? And to what? This article addresses India’s social spending priorities over the past decade. Looking at the rhetoric in budget speeches, actual expenditure patterns and the process by which budgets are formulated, it finds a widened concept of pov...

This study investigates the effects of offshoring on judgment quality in a management accounting context (i.e., capital budgeting). The effects of offshoring on judgment quality are understudied and might explain the ineffective and inefficient use of information in offshoring arrangements (Srikanth and Puranam, 2011). A 3x2 between-subject experiment was conducted where participants were assig...

The rapid global loss of natural habitats and biodiversity, and limited resources, place a premium on maximizing the expected benefits of conservation actions. The scarcity of information on the fine-grained distribution of species of conservation concern, on risks of loss, and on costs of conservation actions, especially in developing countries, makes efficient conservation difficult. The dist...

In this paper, we examine the real options approach to capital budgeting in the presence of managerial adverse incentives. We show that real options have the potential to be value enhancing or value destroying depending on managerial incentives. We further examine the possibility of using a generic residual income based rule of managerial compensation to induce the proper investment incentives ...

What are individuals’ preferences over the payoffs of others? We show that individuals aim to achieve equity among other agents but that they narrowly bracket their equity concerns — they equalize time budgets or monetary budgets at the expense of equalizing overall budgets. Indeed, individuals believe that achieving equity within narrow brackets is more socially appropriate than achieving over...