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46
MAGIS
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FEBRUARY 2014
I
N THE
last quarter of 2013
XLRI welcomed four esteemed
faculty members to its XL fam-
ily. Dr KR Shyam Sundar (HRM,
IR) holds a PhD from University of
Mumbai in Economics. He has pre-
sented papers (and/or acted as panelist)
in several conferences and workshops
on labour economics and industrial
relations for the last two decade. He
has orchestrated 10 research projects
for national (Institute for Human De-
velopment & Indian Society of Labour
Economics) and international (ILO,
EU, Public Service International) or-
ganisations. He has done an extensive
study on labour reforms in China under
the Cultural Exchange Programme of
ICSSR, Government of India, in 2008.
DR. SAROJ KUMAR
PANI
joined the
institute as Assistant
Professor of Strate-
gic Management. He
completed his FPM
in Corporate Strategy
and Policy from IIM
Bangalore. Dr Pani has a long list of accolades at-
tached to his name. He received Best Paper Award at
the pan-IIM World Management Conference, Goa,
India, 2013. 2. The SCM Centre, IIM Bangalore,
awarded him SCM Scholarship from 2007-10.
His research interest is broadly related to socio-
economic networks and Bottom of the Pyramid (BoP)
strategy.
DR. RAHUL CHANDRA SHEEL
joined the institute in the Orga-
nizational Behaviour area. His
research interest lies in organisa-
tional cynicism, organisational
commitment, Corporate social
responsibility, women leadership
and social sector organisations.
DR. ANURATHA VENKATARAM-
AN
joined the institute as Assistant
Professor in the Industrial Rela-
tions, HRM area. He completed his
PhD(Sociology) from University
of Warwick, 2013, UK in the Soci-
ology of Industrial Relations, Work
and Organisations.
THOUGHT LEADERSHIP
NEW TO XLRI
RESEARCH
ROUNDUP
A
STUDY
by
DR. PITABAS MOHANTY
and Akshita Agarwal
on The Impact of Rights issue on Stock Returns in India exam-
ines the stock price reaction to announcement of 205 rights of-
fer of equity in India made during April, 2000 to March, 2011.
The study published in Asia-Pacific Finance and Accounting
Review (Vol.1, No. 1, Oct-Dec, 2012) adds to the limited study
of impact of rights offer conducted in the Indian context where
rights offer is the most preferred for subsequent equity issue. It
observes positive but statistically insignificant market response
to the rights issue. The results are consistent with those ob-
served in developing countries.
