Impacts of Transparency and Disclosures on Firm Valuation of the Healthcare Sector in India

Saumya SINGH(Saumya SINGH ),Pracheta TEJASMAYEE(Pracheta TEJASMAYEE ),Venkata Mrudula BHIMAVARAPU(Venkata Mrudula BHIMAVARAPU ),Arpita SHARMA(Arpita SHARMA ),Rameesha KALRA(Rameesha KALRA ),Sanjeev KA 한국유통과학회 2023 The Journal of Asian Finance, Economics and Busine Vol.10 No.2

This study’s principal goal is to find the interrelation between transparency & disclosure (TD) and the healthcare sector’s firm valuation (FV). The paper uses the market-to-book (MTB) ratio and market capitalization as proxies, where sales measure act as a control variable. Dynamic panel data regression (PD) is the method applied for analyzing data. Data pertains to 10 healthcare companies gathered over five years (2016-2020). Results imply that TD has a negative and significant influence on the FV, where market capitalization acts as a proxy for valuation. This association indicates that a greater degree of TD diminishes FV. TD is also reported to have a negative and insignificant association with MTB. Therefore, TD does not influence FV. The findings of this paper have significant practical implications. Results can help policymakers determine mandatory disclosure levels that are not detrimental to the healthcare sector. Managers and analysts must also analyze the dimensions of disclosure that can negatively impact the firm’s valuation and make decisions regarding TD accordingly. This is the first study to assess the influence of TD on the FV of the Indian healthcare sector, which makes it unique. This study is limited to the healthcare sector, which is its shortcoming.

EFFECTIVE RISK AND BUSINESS MANAGEMENT FOR A PPP PROJECT

Saumya Ranjan Swain,Tai Sik Lee(이태식),Dong Wook Lee(이동욱) 대한토목학회 2005 대한토목학회 학술대회 Vol.2005 No.10

FORMAL-INFORMAL SECTORS’ CONFLICT : A STRUCTURALIST FRAMEWORK FOR INDIA

SAUMYA CHAKRABARTI;ANIRBAN KUNDU 경제연구소 2009 Journal of Economic Development Vol.34 No.2

The vast informal sector of the developing world in general and of India in particular is increasingly considered as a ‘dispersed development engine’ by the orthodox schools. It is also argued, though sizeable portion of informal sector exists independent of formal sector, a large segment bears a complementary relationship with these formal productions. However, on the contrary we propose a fundamental conflict between the two sectors given the generic food-supply-constraint. To analyse such a proposition we construct a multi-sector macroeconomic framework and also show that agriculture-formal sector interaction is distinctly different from agriculture-informal sector linkage. Next, we examine the impacts of variations in agricultural productivity and that of fiscal policy changes on this formal-informal conflict. In the first case of increasing agricultural productivity while both formal and informal sectors expand, the former benefits proportionately more than the latter. In the second case of expansionary fiscal policy the informal sector expands even at the cost of contraction of the formal one.

FORMAL-INFORMAL SECTORS’ CONFLICT: A STRUCTURALIST FRAMEWORK FOR INDIA

SAUMYA CHAKRABARTI,ANIRBAN KUNDU 중앙대학교 경제연구소 2009 Journal of Economic Development Vol.34 No.2

The vast informal sector of the developing world in general and of India in particular is increasingly considered as a ‘dispersed development engine’ by the orthodox schools. It is also argued, though sizeable portion of informal sector exists independent of formal sector, a large segment bears a complementary relationship with these formal productions. However, on the contrary we propose a fundamental conflict between the two sectors given the generic food-supply-constraint. To analyse such a proposition we construct a multi-sector macroeconomic framework and also show that agriculture-formal sector interaction is distinctly different from agriculture-informal sector linkage. Next, we examine the impacts of variations in agricultural productivity and that of fiscal policy changes on this formal-informal conflict. In the first case of increasing agricultural productivity while both formal and informal sectors expand, the former benefits proportionately more than the latter. In the second case of expansionary fiscal policy the informal sector expands even at the cost of contraction of the formal one.

Human Papillomavirus Screening in North Indian Women

Pandey, Saumya,Mishra, Malvika,Chandrawati, Chandrawati Asian Pacific Journal of Cancer Prevention 2012 Asian Pacific journal of cancer prevention Vol.13 No.6

Objectives: Human papillomavirus (HPV) is the major etiological agent of cervical cancer, a leading cause of morbidity and mortality in women worldwide. Screening strategies for reducing the burden of HPV-mediated carcinogenesis are emerging as an effective means for cervical cancer control and prevention in developing countries. Our study, therefore, aimed to identify HPV infection status in North Indian women during random population screening. Methodology: Cervical/vaginal exfoliated cells and/or Pap smear specimens were collected from 890 women of North Indian ethnicity residing in Lucknow and adjoining areas, during random population screening from June 2009-March 2012. HPV viral loads in clinical specimens were determined by the Hybrid Capture (hc)-2 HPV DNA assay, and subsequently, positive/negative/borderline HPV status was calculated. Results: The HPV incidence in the present study was 11.7%. 751 out of a total of 890 women (84.4%) participating in our HPV screening program were HPV negative (HPV -), 104 (11.7%) tested positive (HPV +) while 35 (3.9%) showed borderline (HPV $^*$) infection status. Furthermore, in the HPV + subjects (N=104), 18 (17.3%) showed strong positivity. We observed that HPV positivity tends to increase with age in North Indian women; the higher the viral load with increasing age, higher is the susceptibility to HPV-mediated cervical cancer. Conclusions: HPV viral load/genotyping may help in identifying women at risk of developing cervical cancer. However, cost-effective HPV screening protocols with a wider population coverage are warranted so as to reduce the burden of cervical cancer in women worldwide in the vaccine-era.

Robotic Prostatectomy in Urological Surgery: An Observership at Weill Medical College of Cornell University, New York

Pandey, Saumya,Chandravati, Chandravati Asian Pacific Journal of Cancer Prevention 2013 Asian Pacific journal of cancer prevention Vol.14 No.8

Homogeneity in Case/Control Numbers and North Indian Caste Criteria in Cervical Cancer/Female Urology Genetic-Studies at a Premier Medical Research Institute in Lucknow, India

Pandey, Saumya,Chandravati, Chandravati Asian Pacific Journal of Cancer Prevention 2013 Asian Pacific journal of cancer prevention Vol.14 No.10

Cervical cancer has emerged as a major public health problem in Lucknow and New York in the $21^{st}$ century. Cancer genetic studies are essential to identify/stratify disease-susceptible individuals in a population-based cohort. Sample size homogeneity and North Indian caste in female urology genetic-studies are significant issues in meaningful interpretation of data. A review of scientific literature using Pubmed database was conducted, including an assessment of cervical cancer genetic studies conducted as part of the author's doctoral dissertation at a premier Lucknow-based medical research Institute. Sample size numbers and caste criteria in the North Indian cohort ($N{\leq}400$ subjects) were evaluated with homogeneity in the sample cohort data set(s). Subgroup caste-stratification of North Indian cohort is equally essential, for instance, Brahmin (e.g. Pandey), Vaishya (e.g. Mittal), Rajput (e.g. Singh) and Kshudra (e.g. Yadav) during the conception and design of genetics-based studies. Sample size homogeneity in histopathologically confirmed case and control numbers and caste-based stratification in a North Indian cohort is essential in single nucleotide polymorphism (SNP) studies in cervical cancer susceptible populations to draw more definitive conclusions.

Breast Screening in North India: A Cost-Effective Cancer Prevention Strategy

Pandey, Saumya,Chandravati, Chandravati Asian Pacific Journal of Cancer Prevention 2013 Asian Pacific journal of cancer prevention Vol.14 No.2

Objectives: Breast cancer is a leading cause of morbidity and mortality in women worldwide. Breast screening in normal and/or asymptomatic women is essential to reduce the burden of breast malignancies. Our study aimed to identify possible risk- and/or co-factors associated with breast screening in North Indian women. Methods: A public health research survey was conducted among 100 women of North Indian ethnicity during clinic visits in a 6-month timeline (April-October 2012). Demographic and clinical data, including mammography screening, were recorded in the questionnaire-based proforma after conducting a 10 minute interview. Written informed consent was taken from all the participants. Results: The mean age of the participants was $32.2{\pm}9.9$ years. Out of 100 women, 6% had family history of breast disease. Breast-related complaints/malignancy, including galactorrhoea, mastitis, axillary lump, fibrocystic disease, fibroadenosis and adenocarcinoma were observed in 41% participants; age stratification revealed that 82.9% of this group (n=41) were <30 years, while 9.7% and 7.3% were >30 years and 30 years of age, respectively. 32% participants underwent mammography screening and 8% had breast ultrasound imaging. Age stratification in the mammography screening group demonstrated that 24 women were <40 years, while 7 women were >40 years. Conclusions: Our pilot study identified possible co-factors affecting breast screening in North Indian women. These findings may be beneficial in early detection of breast abnormalities, including malignancies in women susceptible to breast cancer, and thus aid in future design of cost-effective screening strategies to reduce the increasing burden of breast carcinoma in women worldwide.

Unpaid care work among women in South Asia: A systematic review

Tripathi Saumya,Azhar Sameena,Zhai Fuhua 한국사회복지학회 2022 Asian Social Work and Policy Review Vol.16 No.3

The specific aims of this systematic review are to (1) understand the prevalence and context for women's unpaid care work in South Asia, (2) explore factors that affect the prevalence of unpaid care work, and (3) identify gaps in the extant research on unpaid care work that influence women's lives. Using the Cochrane Handbook and PRISMA guidelines for systematic reviews, we searched 18 databases and identified 13 research studies. Drawing on the devaluation framework, we found three main recurring themes in the selected studies. First, women in South Asia disproportionately share the burden of unpaid care work responsibilities. Second, due to sociocultural norms, unpaid care work is unrecognized and devalued as are those who perform it. Third, flexible working arrangements for women are not currently being offered. We conclude that there is a need for care work policies that incorporate the unique cultures, demographics, and labor markets in South Asian contexts.

Autophagy in Cervical Cancer: An Emerging Therapeutic Target

Pandey, Saumya,Chandravati, Chandravati Asian Pacific Journal of Cancer Prevention 2012 Asian Pacific journal of cancer prevention Vol.13 No.10

Cervical cancer is a leading cause of morbidity and mortality in women worldwide. Although the human papillomavirus (HPV) is considered the major causative agent of cervical cancer, yet the viral infection alone is not sufficient for cancer progression. The etiopathogenesis of cervical cancer is indeed complex; a precise understanding of the complex cellular/molecular mechanisms underlying the initiation, progression and/or prevention of the uterine cervix is therefore essential. Autophagy is emerging as an important biological mechanism in targeting human cancers, including cervical cancer. Furthermore, autophagy, a process of cytoplasm and cellular organelle degradation in lysosomes, has been implicated in homeostasis. Autophagic flux may vary depending on the cell/tissue type, thereby altering cell fate under stress conditions leading to cell survival and/or cell death. Autophagy may in turn govern tumor metastasis and subsequent carcinogenesis. Inflammation is a known hallmark of cancer. Vascular insufficiency in tumors, including cervical tissue, leads to depletion of glucose and/or oxygen perturbing the osmotic mileu causing extracellular acidosis in the tumor microenvironment that may eventually result in autophagy. Thus, targeted manipulation of complex autophagic signaling may prove to be an innovative strategy in identification of clinically relevant biomarkers in cervical cancer in the near future.