Publications
Book Publications
· Ross, Stephen A., Randolph W. Westerfield, Jeffrey Jaffe, and Ram Kumar Kakani. Corporate Finance. Special Indian Edition, 8th Edition, McGraw Hill Irwin, Tata McGraw Hill Higher Education, 2009 [ISBN: 978-0-07-009124-5]. URL: http://www.mhhe.com/sie-rwj8e
Kakani, Ram Kumar. Instructor’s Manual, 2009
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· Ramachandran, N and Ram Kumar Kakani. Financial Accounting for Management: Workbook. McGraw Hill Series, Tata McGraw Hill Education, 2009 [ISBN: 978-0-07-014695-2].
· Ramachandran, N and Ram Kumar Kakani. Financial Accounting for Management. 2nd Edition, McGraw Hill Series, Tata McGraw Hill Education, 2007 [ISBN: 978-0-07-066691-7]. URL: http://www.mhhe.com/fam
Kakani, Ram Kumar and Tanmoy Chatterjee. Instructor’s Manual, 2007
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· Ramachandran, N and Ram Kumar Kakani. Financial Accounting for Management. 1st Edition, McGraw Hill Series, Tata McGraw Hill Publications, 2005 [ISBN: 978-0-07-060053-8]. URL: http://highered.mcgraw-hill.com/sites/0070600538
Kakani, Ram Kumar, Azad Purohit, and Udit Saraff. Instructor’s Manual, 2005
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Doctoral Dissertation
Financial Performance and Diversification Strategy of Indian Business Groups; Doctoral Dissertation; Indian Institute of Management (IIM) Calcutta; Kolkata, India, 2001
Abstract:
The industrial scenario in India has been and is dominated by business houses. There is a gap in empirical research on the relation between diversification and performance of Indian business groups, both before and after economic liberalization. This study used consolidated financial statement and capital market data of 240 large groups over a period of twelve years to study their performance vis-à-vis their diversification strategy. We found that product diversification was negatively related to shareholder value creation and profitability measures for all the three equal sub-periods of the study, having different economic and competitive conditions. The various management issues behind this are further explored.
Acknowledgements:
Refereed Research Publications: Journal Articles
· Kakani, Ram Kumar & Biswatosh Saha, “The development elite and institutions of the local poor: Experiences from a development NGO in India”, The Innovation Journal: The Public Sector Innovation Journal, Vol. 12 (2), pp. 1-24, 2007, URL http://www.innovation.cc/volumes-issues/vol12-no2.htm
· Kakani, Ram Kumar & Jackson Fernandez, “Understanding dynamics in a evolving industry: case of mobile VAS in India”, Great Lakes Herald, Vol. 1 (2), pp. 35-47, October 2007, URL http://www.greatlakes.edu.in/pdf/GL_Herald2_Understanding_Dynamics.pdf (Also, XLRI WP 2007-01, Feb. 2007)
· Saha, Biswatosh & Ram Kumar Kakani, “Knowledge, power and action: Towards an understanding of implementation failures in a government scheme”, AI & Society, Springer Verlag London Publication, Vol. 21 (1-2), pp. 72-92, Jan. 2007, URL http://www.springerlink.com/content/q230706020t6/ (Also, XLRI WP 2005-3, Oct. 2005)
· Kakani, Ram Kumar & Pranabesh Ray, “Managerial remuneration in India – Of changing guidelines, fatter pay packets, and incentives to performance”, Management and Accounting Research, Vol. 6 (3), pp. 107-130, Jan. 2003 (Also, XLRI WP 2002-7, Oct. 2002)
· Venugopal, P & Ram Kumar Kakani, “Management education: A framework for grading”, Management and Labour Studies, Vol. 27 (3), pp. 177-188, Jul. 2002
· Kakani, Ram Kumar & N Ramachandran, “Have diversified groups failed to generate value in developing countries too?”, General Management Review, Vol. III (2), pp. 38-46, Jul. 2001 (Also, XLRI WP 2001-07, Jul. 2001)
· Kakani, Ram Kumar & V Nagi Reddy, “The determinants of capital structure: An econometric analysis”, Finance India, Vol. XIII (1), pp. 51-69, Mar. 1999 (Also, IIM Calcutta WPS – 333/98, Mar. 1998)
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· Kakani, Ram Kumar, “Relationship between the prices of share and gold: A note”, The Management Accountant, Vol. 33 (3), pp. 179-180, Mar. 1998
· Sridev, R & Ram Kumar Kakani, “Telecom sector: Achieving sustainable corporate growth”, Decision, Vol. 23 (4), pp. 137-148, Dec. 1996 (Also, IIM Calcutta WPS – 328/98, Feb. 1998)
· Kakani, Ram Kumar and V Nagi Reddy, “Econometric analysis of the corporate structure determinants”, Decision, Vol. 23 (1), pp. 73-98, Jan. 1996
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Refereed Research Publications: Book Chapters / Series Articles
· Tata, Raghu Ram L and Ram Kumar Kakani, “Framework for evaluation of land acquisitions in India: Sustainable development perspective”, in ‘India Infrastructure Report 2009’, Oxford University Press (OUP), New Delhi, Forthcoming.
· Kakani, Ram Kumar, Tata L Raghu Ram and Nutan Shashi Tigga, “Insights into land acquisition experiences of private businesses in India”, in ‘India Infrastructure Report 2009’, Oxford University Press (OUP), New Delhi, Forthcoming.
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· Kakani, Ram Kumar, “An alternative perspective on the recent bull run in Indian equity markets”, in ‘India’s Capital Markets: Trends and Reforms’, ICFAI professional reference book, ICFAI University Press, 2007.
· Saha, Biswatosh and Ram Kumar Kakani, “Power, public administration and poverty: An enquiry into implementation of rural employment program in India”, in ‘The Role of Public Administration in Alleviating Poverty And Improving Governance’, Asian Development Bank, Phillipines, 2006
· Kakani, Ram Kumar & Pranabesh Ray, “CEO remuneration - issues”, in ‘CEO Pay Packages in the Global Economy – Issues and Perspectives’, ICFAI University Press, 2005
· Kakani, Ram Kumar “Does ownership pattern influence value”, in ‘Boards and Governance – The New Agenda’, ICFAI University Press, 2003
· Kakani, Ram Kumar & Pranabesh Ray, “The burning issue of pay Vs performance”, in ‘Boards and Governance – The New Agenda’, ICFAI University Press, 2003
· Kakani, Ram Kumar & P Venugopal, “Grading in management education”, in ‘South Asian Management: Challenges in the New Millennium’, edited by Dharani P Sinha, AMDISA, 2002
· Kakani, Ram Kumar, K M Rajesh & Satish K Sehgal, “Power sector analysis”, in ‘Managing Global Competitiveness: What Indian Companies Should Do’’, edited by A K Sengupta & A Gupta, Excel Books, 2002
Refereed Research Publications: Proceedings
· “Going beyond compliance to gain social consent to operate: Framework for land acquisitions in India”, with Tata L Raghu Ram, 2009 Annual meeting of the Academy Of Management (AOM), Aug. 2009 (Chicago, Illinois: USA)
· “Ethics and the globalization of health care”, with Martin Stack and Myles Gartland, 2009 AIB-Midwest Annual conference of the Academy of International Business (AIB) organized by Midwest Business Administration Association (MBAA) International, Mar. 2009 (Chicago, Illinois: USA)
· “Power, public administration and poverty: An enquiry into implementation of rural employment program in India”, with Biswatosh Saha, 2nd Annual conference of the Network of Asia-Pacific Schools and Institutes of Public Administration and Governance (NAPSIPAG) organized by ADB, Dec. 2005 (CNSA, Beijing: China)
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· “Managerial remuneration in India – Regulatory guidelines and performance incentives”, with Pranabesh Ray, at the International Academy of Business & Public Administration Disciplines (IABPAD) Spring Conference, May 2004 (Tunica, Memphis: USA)
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· “The dark side of product diversification in business groups: Long run evidence from India”, at the 4th International Business & Economics Research (IBER) Conference, Oct. 2002 (Las Vegas, Nevada: USA)
Research Monographs Edited / Published
· Kakani, Ram Kumar, Biswatosh Saha & V Nagi Reddy, “Determinants of financial performance of Indian corporate sector in the post-liberalization era: An exploratory study”, NSE Research Initiative Paper No. 5, National Stock Exchange of India Limited, Nov. 2001, URL http://nseindia.com/content/research/Paper18.pdf
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Published Working Papers
· Tata, L Raghu Ram and Ram Kumar Kakani, “A framework for evaluation of land acquisitions in India: Sustainable development perspective” (Dec. 2008). XLRI Jamshedpur Working Paper 08-12. Available at SSRN: http://ssrn.com/abstract=1313035
· Kakani, Ram Kumar, Tata L Raghu Ram, and Nutan Shashi Tigga, “Insights into land acquisition experiences of private businesses in India” (Nov. 2008). XLRI Jamshedpur Working Paper No. 08-11 URL: http://ssrn.com/abstract=1295407
· Kakani, Ram Kumar, “An alternative perspective on the bull run in Indian markets” (May 2007). SPJCM Singapore Working Paper No. 07-02 URL: http://ssrn.com/abstract=988270
· Fernandez, Jackson and Ram Kumar Kakani, “Understanding dynamics in a evolving industry: Case of mobile VAS in India’ (Dec. 2006). XLRI Jamshedpur School of Business Working Paper No. 06-19 URL: http://ssrn.com/abstract=953510
· Mehta, Jay and Ram Kumar Kakani, "Motives for mergers and acquisitions in the Indian banking sector - A note on opportunities & imperatives" (Nov. 2006). SPJCM Singapore Working Paper No. 06-13 URL: http://ssrn.com/abstract=1008717
· Kakani, Ram Kumar and Tejas V Joshi, “The Tata group after the JRD period: Management and ownership structure” (Mar. 2006). XLRI Jamshedpur Working Paper No. 06-03 URL: http://ssrn.com/abstract=889394
· Kakani, Ram Kumar and Shyam Sundhar, “Technical analysis profiteering in Indian equity markets: Using moving averages” (Mar. 2006). XLRI Jamshedpur Working Paper No. 06-02 URL: http://ssrn.com/abstract=889515
· Kakani, Ram Kumar and Avinash S Ghalke, "Parliament session effect on the Indian stock markets" (Feb. 2006). XLRI Jamshedpur Working Paper No. 06-01 URL: http://ssrn.com/abstract=889467
· Kakani, Ram Kumar and Mayank Kaul, "Firm performance and size in liberalized era: The Indian case" (Aug. 2002). XLRI Jamshedpur School of Business Working Paper No. 2002-06 URL: http://ssrn.com/abstract=905001
· Kakani, Ram Kumar, “Does ownership pattern influence shareholder value?” (Sep. 2001). XLRI Jamshedpur Working Paper No. 2001-09 URL: http://ssrn.com/abstract=914107
· Kakani, Ram Kumar, “Explaining diversified business groups failure & focused business groups success in India” (Jul. 2001). XLRI Jamshedpur, Working Paper Series No. 2001-07 URL: http://ssrn.com/abstract=906455
· Kakani, Ram Kumar, “Corporate strategy and performance”, Working Paper Series, WP 2001-4, XLRI Jamshedpur, Jun. 2001
· Kakani, Ram Kumar, Koduvayur Muthuswamy Rajesh and Satish K Sehgal, “Managing global competitiveness in the Indian industry: A case of the power sector” (Jan. 2001). Indian Institute of Management Calcutta, Working Paper No. – 496/2001 URL: http://ssrn.com/abstract=954557
· Kakani, Ram Kumar, “Financial performance and diversification strategy of Indian business groups” (Dec. 2000). Indian Institute of Management Calcutta, Working Paper No. – 411/2000, URL: http://ssrn.com/abstract=1021148
· Kakani, Ram Kumar, "Milestones in financial management" (Sep. 2000). Indian Institute of Management Calcutta, Working Paper No. – 396/2000 URL: http://ssrn.com/abstract=905867
Published Other Articles
· Kakani, Ram Kumar & Jackson P. Fernandez, “Value added services: Emerging partnerships,”, Voice & Data, May 2007, http://www.voicendata.com/content/service_provider/207050711.asp
· Kakani, Ram Kumar & Ashis K Pani, ‘Understanding technology in education’, IL&FS Focus, Education World,, pp. 30, Mar. 2005
· Kakani, Ram Kumar & Biswatosh Saha, “Listed firms and economic growth”, ICFAI Chartered Financial Analyst, Apr. 2004
· Kakani, Ram Kumar, “The Gucci-LVMH battle analysis”, ICFAI Case Folio (by invitation), Jan. 2003
· Kakani, Ram Kumar & M Kaul, “Firm performance and size in liberalized era”, Prabandhan, Vol. 1 (3), pp. 17-27, Jul. 2002, Available at SSRN: http://ssrn.com/abstract=905001
· Kakani, Ram Kumar, “Does ownership pattern influence shareholder value”, ICFAI Reader (by invitation), pp. 59-61, Nov. 2001, Available at SSRN: http://ssrn.com/abstract=914107
· Kakani, Ram Kumar, B Saha & V N Reddy, “Corporate performance determinants: An econometric analysis”, NSE NEWS, pp. 3-8, Apr. 2001, URL: http://nseindia.com/content/research/Paper18.pdf
· Kakani, Ram Kumar, “Managing risk”, Ramanujam Management Review, pp. 2-4, Nov. 1997
Published Newspaper Articles
· “Sensex and the bigger fool theory” Rediff News Dated 23 Jun-2007
· “Bigger fool theory at work” The Business Standard Dated 23 Jun-2007
· “Politics allergic to stock markets” The Economic Times Dated 19 Aug-2006 (research work quoted)
· “Parliament’s a bad investment” The Business Standard Dated 29 Jul-2006
· “CEO remuneration and firm performance” The Hindu Business Line Dated 14 Aug-2002
· “CEO remuneration & Indian companies act” The Hindu Business Line Dated 13 Aug-2002
· “CEO salaries outstrip growth of profits”, The Hindu Business Line Dated 8 Aug. 2002.
· “Milestones in financial management (Part II)” The Hindu Business Line Dated 02-Jul-2001
· “Milestones in financial management (Part I)” The Hindu Business Line Dated 18-Jun-2001
· “Public sector banks – Gloom ahead”, The Telegraph, Dated 9 Sep. 1998
· “Risks people and companies face”, The Hindu Business Line, Dated 21 Dec. 1997
Conferences: (Excluding Proceedings Listed Earlier)
· “Food-for-work program – Issue of strategy planning & implementation”, with Biswatosh Saha, at the 8th Strategic Management Forum (SMF) Convention, May 2005 (IIFM Bhopal: India)
· 3rd Annual Entrepreneurship, Venture Capital, and Initial Public Offerings (EVI) Conference, May 2004 (Tuck School of Business, New Hampshire: USA)
· “Silverline Technologies – Falling from grace”, with Himanshu Raj, at the 7th SMF Convention, May 2004 (IIM Indore: India)
· “Management education: A framework for grading”, with P Venugopal, at the 7th South Asian Management Forum of Association of Management Development Institutions in South Asia (AMDISA), Apr. 2002 (AMDISA, Male: Maldives)
· “Diversification strategy of Indian business groups”, with N Ramachandran, at the 4th Academy of Business & Administrative Sciences (ABAS) conference, Jul. 2001 (St. Bonaventure University, Brussels, Belgium)
· “Has diversification failed in generating value in India too?” with N Ramachandran, at the 4th SMF Convention, May 2001 (IIM Ahmedabad: India)
· “Corporate strategy for Indian companies in power sector”, with Satish K Sehgal & K M Rajesh, at the 8M IIFT and JIMS Research Paper Conference, Feb. 2001 (JIMS: Delhi)
· “Sustainable Corporate Growth”, with Ramaswamy Sridev, at the MDI Delphique Management convention, Oct. 1997 (Management Development Institute, Gurgaon). [Won Best Paper Award]
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Invited Research Seminars / Presentations
· “Management education in India: Emerging strategies in distance learning”, keynote address at the 11th Strategic Management Convention, Indian Institute of Technology (IIT) Kanpur, May 2008 (Kanpur, India).
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· “Management Education in India”, Seminar given at the 1st Globalization of Management Education Conference, Shanghai University, Oct. 2006 (Shanghai, China).
· “Finance and IT interactions”, Seminar given at the Technology & Business Convention, University of Burdwan, Oct. 2005 (Burdwan, West Bengal, India).
· “Corporate Performance: An Econometric Analysis”, Seminar given at the National Stock Exchange (NSE), Apr. 2001 (Mumbai, India).
Reports/ Manuals: (excluding listed earlier)
· “Finance Area Course Manual”, for the Global MBA Program, Jul. 2007 (S P Jain Center of Management, Singapore and Dubai Campus)
· “Coordinators Report”, at the 3rd Annual Graduation Ceremony of Satellite Programes, May. 2006 (XLRI School of Management, Jamshedpur: India)
· “Coordinators Report”, at the 2nd Annual Graduation Ceremony of Satellite Programes, Apr. 2005 (XLRI School of Management, Jamshedpur: India)