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The academic literature has examined why bank runs happen based on the work of 2022 Nobel Prize-winning economists Diamond and Dybvig. They have found the source of banking/financial crisis in terms of mismatch between liabilities (deposits being short term and savers wanting to short-term access to their money) and assets (long term and illiquid). The Lakshmi Vilas Bank (LVB) crisis intensified when it came under Prompt Corrective Action (PCA) of the Reserve Bank of India (RBI). This situation provides the opportunity to study whether the elements embodied in the theoretical models like Diamond and Dybvig hold true for LVB crisis. This study aims to examine the reasons for the demise of LVB in India using DuPont financial model, peer group analysis and time series structural break in crucial financial parameters.

The study examines the reason for insolvency of LVB using financial ratios, financial models (DuPont), financial distress model (Z-score) and asset-liability management. The study also adopts univariate structural break models using quarterly financial data covering the key financial measures used in the RBI’s PCA framework.

LVB crisis is like Diamond–Dybvig model, in the sense, savers requiring short-term access to their money (liquidity for their deposits) on the information of high non-performing assets, which further deteriorates the illiquid nature of loan portfolio (assets) of banks. The study finds its profit margin (net interest margin and non-interest margin) and managerial efficiency had started deteriorating since 2018. The study finds that LVB’s main weakness lies in its limited credit appraisal ability, its monitoring and weak internal controls. Lending to sensitive sectors (like real estate, capital markets and commodities) and exposure to large business groups also contributed to its weakness. The study also finds huge, elevated asset-liability mismatch, especially in the short-term maturity buckets. Using univariate econometric time series model, the study also confirms financial weakness being evident much earlier than the time when resolution was undertaken by the RBI through PCA.

The study has implications for analysing and monitoring financial distress of banks. The study also has implications for devising banking regulation and supervision.

The study brings in a perspective of the banking regulations using the application of PCA framework on a listed private sector bank. The authors combine an accounting ratio model and combine risk measures that could identify the incipient risks in a bank. The authors believe this will help in refinement of banking regulations and better monitoring mechanisms.

The purpose of this paper is to examine industry herding among the institutional investors and to find whether their herding behaviour is intentional or unintentional.

The study uses Lakonishok et al. (1992) model to examine the presence of industry herding behaviour among institutional investors. To determine whether the herding observed is intentional or unintentional, herding measure is regressed with volatility, volume, beta and return. The period of the study is from 1 April 2005-31 March 2015.

The findings of the study showed that though institutional investors have herding tendency towards most of the industries, in the overall period industry herding was not significant. The herding found in some industrial sectors was linked to economic performance of those sectors in India during the period of study and hence the herding was unintentional in nature.

This is the first attempt to study industry herding among institutional investors and their intent in Indian market ever since the country opened its market to foreign investors in a big way. Present study is limited to the use of only bulk/block data instead of the entire trading data for the period.

This study is the first attempt to investigate industry herding behaviour of institutional investors in the market using their bulk and block trading data. The herding observed in well performing industries has been shown to be unintentional and hence rational. The results indicate that the entry of big institutional investors, including foreign institutions into the Indian market has not destabilised the market by irrational herding.

The case concerns introductory marketing management.

This case is suitable for MBA students.

The case explains the current situation encountered by the airline industry in India. This case gives the reader a detailed picture of the reasons for the growth and the subsequent troubles faced by the Indian aviation industry.

The case is aimed at helping the students to analyse a marketing situation both from a macro-economic point of view and from an individual company perspective.

Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

Waste production and related environmental problems have caused urban services management many problems in collecting, transporting and disposal of waste. The purpose of this study is to design a new model for municipal waste collection vehicle routing problems with time windows and energy generating from waste. To this purpose, a bi-objective model is presented with the objectives of increasing the income of waste recycles and energy generation from waste and reducing emissions from environmental pollutants.

A bi-objective model is presented with the objectives of increasing income of recycles trade and energy generation and reducing emissions from environmental pollutants. Concerning the complexity of the model and its inability to solve large-scale problems, non-dominated sorting genetic algorithms and multi-objective particle swarm optimization algorithms are applied.

In this research, an integrated approach to urban waste collection modeling that coordinates the various activities of waste management in the city of Kermanshah and energy generation from waste are provided. Besides, this study calculates the criteria that show the environmental effects of municipal waste. The proposed model helps to collect municipal wastes in the shortest possible time in addition to reducing the total cost, revenues from the sale of recycled materials and energy production.

The proposed model boosts the current understanding of the waste management and energy generation of waste. The paper adds additional value by unveiling some key future research directions. This guidance may demonstrate possible existing and unexplored gaps so that researchers can direct future research to develop new processes.

Waste production and related environmental problems have caused urban services management many problems in collecting, transporting and disposal of waste. Since collecting and transporting waste are important parts of waste management budget, it is necessary to apply an appropriate method to reduce costs of collection. The aim of this study is to design a new model for urban waste collection vehicle routing problem with time windows and energy generating from waste.

A multiobjective model is presented with the objectives of minimizing cost of waste collection, reducing emissions from environmental pollutants and increasing income of recycles trade and energy recovery. Concerning the complexity of the model and its inability to solve large-scale problems, hyperactive genetic algorithms and multiple objective particle swarm optimization are applied.

The proposed model not only affects costs and income but also reduces the emissions of environmental pollutants. To solve the formulated model, multitarget approaches are applied on the processing site of Kermanshah city as a case study. The solutions of these algorithms and the exact method of partial constraints are compared and the outcomes are verified by numerical analysis by solving various examples in small, medium and large scales. The proposed model helps to collect urban wastes in the shortest possible time in addition to reducing the total cost, revenues from the sale of recycled materials and energy generation.

Waste collection is related to VRP issue. Considering the environmental requirements in waste management, the concept of green supply chain is approached. This study provides a better understanding of urban waste management by examining various articles and combining economic and environmental dimensions. Waste management with a green approach and energy production from disposable waste involves many common stakeholders.

This study suggests that proper waste management can generate revenue from municipal waste. Moreover, it reduces cost of collecting and emission of environmental pollutants. These findings could motivate companies to waste management with a sustainable approach.

The proposed model boosts the current understanding of the waste management and energy generation of waste. The paper adds additional values by unveiling some key future research directions. This guidance may demonstrate possible existing and unexplored gaps so that researchers can direct future research to develop new processes.

The purpose of this study is to examine the effect of perceived value of recommended product on consumer’s e-loyalty, based on the proposition of expectation confirmation theory. Vendors’ reputation is tested as the mediator in the perceived value of recommended product and e-loyalty relationship, whereas shopping enjoyment is predicted as the moderator that conditions the perceived value of recommended product and e-loyalty relationship through vendors reputation.

Data were collected via an online survey platform and through a QR code. Partial least squares analysis, confirmatory factor analysis and structural equation modeling were used to verify the research proposed model.

The findings revealed that the perceived value of recommended product had a significant positive effect on E-loyalty; in addition, the perceived value of the recommended product and e-loyalty link was partly explained by e-shopper’s confidence in vendor reputation. Therefore, the study established that the direct and indirect relationship between the perceived value of the recommended product and e-loyalty was sensitive and profound to shopping enjoyment.

This study has established that the perceived value of a recommended product can result in consumer loyalty. This has successively provided the e-shop manager and other stakeholders with novel perspectives about why it is necessary to understand consumers’ pre- and postacquisition behavior before recommending certain products to the consumer.