Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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&lt;em&gt;&lt;br /&gt;
* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study&lt;br /&gt;
&lt;br /&gt;
* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals&lt;br /&gt;
&lt;br /&gt;
New Delhi:&lt;/em&gt; The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.&lt;br /&gt;
&lt;br /&gt;
However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;amp;As). The authors find that M&amp;amp;A deal decisions are driven by caste proximity.&lt;br /&gt;
&lt;br /&gt;
In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&amp;amp;A company performance.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The caste of directors is identified using their last names in a caste-mapping method developed in another study.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study

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                <div align="justify">-Livemint.com<br /><em><br />* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study<br /><br />* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals<br /><br />New Delhi:</em> The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.<br /><br />However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;As). The authors find that M&amp;A deal decisions are driven by caste proximity.<br /><br />In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&amp;A company performance.<br /><br />To show this, the authors developed a new database of M&amp;A deals in India from 2007 to 2017 by combining data from two corporate databases (Thomson One SDC and CMIE Prowess), which contain information on corporate directors and company finances.<br /><br />The caste of directors is identified using their last names in a caste-mapping method developed in another study.<br /><br />The authors find that company boards dominated by directors of the same caste tend to enter deals more often.<br /><br />Further, when the merged companies&rsquo; performance is considered one or two years after the deal, the authors find that these companies perform slightly worse in terms of returns than those who do not enter into same-caste deals.<br /><br />Please <a href="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html" title="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html">click here</a> to read more. <br /><br /></div>               </font>
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</span></span></code>
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&lt;em&gt;&lt;br /&gt;
* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study&lt;br /&gt;
&lt;br /&gt;
* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals&lt;br /&gt;
&lt;br /&gt;
New Delhi:&lt;/em&gt; The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.&lt;br /&gt;
&lt;br /&gt;
However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;amp;As). The authors find that M&amp;amp;A deal decisions are driven by caste proximity.&lt;br /&gt;
&lt;br /&gt;
In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&amp;amp;A company performance.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The caste of directors is identified using their last names in a caste-mapping method developed in another study.&lt;br /&gt;
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* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study

* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals

New Delhi: The..."/>
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                <strong>Caste biases rife even in M&amp;A deals in India, shows an IIM-B study -Arjun Srinivas</strong></h1>
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                <div align="justify">-Livemint.com<br /><em><br />* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study<br /><br />* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals<br /><br />New Delhi:</em> The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.<br /><br />However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;As). The authors find that M&amp;A deal decisions are driven by caste proximity.<br /><br />In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&amp;A company performance.<br /><br />To show this, the authors developed a new database of M&amp;A deals in India from 2007 to 2017 by combining data from two corporate databases (Thomson One SDC and CMIE Prowess), which contain information on corporate directors and company finances.<br /><br />The caste of directors is identified using their last names in a caste-mapping method developed in another study.<br /><br />The authors find that company boards dominated by directors of the same caste tend to enter deals more often.<br /><br />Further, when the merged companies&rsquo; performance is considered one or two years after the deal, the authors find that these companies perform slightly worse in terms of returns than those who do not enter into same-caste deals.<br /><br />Please <a href="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html" title="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html">click here</a> to read more. <br /><br /></div>               </font>
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* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study&lt;br /&gt;
&lt;br /&gt;
* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals&lt;br /&gt;
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New Delhi:&lt;/em&gt; The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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                <strong>Caste biases rife even in M&amp;A deals in India, shows an IIM-B study -Arjun Srinivas</strong></h1>
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                <div align="justify">-Livemint.com<br /><em><br />* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study<br /><br />* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals<br /><br />New Delhi:</em> The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.<br /><br />However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;As). The authors find that M&amp;A deal decisions are driven by caste proximity.<br /><br />In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&amp;A company performance.<br /><br />To show this, the authors developed a new database of M&amp;A deals in India from 2007 to 2017 by combining data from two corporate databases (Thomson One SDC and CMIE Prowess), which contain information on corporate directors and company finances.<br /><br />The caste of directors is identified using their last names in a caste-mapping method developed in another study.<br /><br />The authors find that company boards dominated by directors of the same caste tend to enter deals more often.<br /><br />Further, when the merged companies&rsquo; performance is considered one or two years after the deal, the authors find that these companies perform slightly worse in terms of returns than those who do not enter into same-caste deals.<br /><br />Please <a href="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html" title="https://www.livemint.com/companies/news/caste-biases-rife-even-in-m-a-deals-in-india-shows-an-iim-b-study-1555956777747.html">click here</a> to read more. <br /><br /></div>               </font>
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<em><br />
* Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study<br />
<br />
* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals<br />
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New Delhi:</em> The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency.<br />
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However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;As). The authors find that M&amp;A deal decisions are driven by caste proximity.<br />
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* These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals<br />
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However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&amp;As). The authors find that M&amp;A deal decisions are driven by caste proximity.<br />
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<br />
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<br />
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Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas

-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy and economic efficiency. However, a new study by Manaswini Bhalla and others from the Indian Institute for Management, Bangalore, shows that caste affiliations remain critical in corporate offices and especially in mergers and acquisitions (M&As). The authors find that M&A deal decisions are driven by caste proximity. In addition, they find that these caste-influenced deals also lead to investment decisions that are sub-optimal in terms of post-M&A company performance. To show this, the authors developed a new database of M&A deals in India from 2007 to 2017 by combining data from two corporate databases (Thomson One SDC and CMIE Prowess), which contain information on corporate directors and company finances. The caste of directors is identified using their last names in a caste-mapping method developed in another study. The authors find that company boards dominated by directors of the same caste tend to enter deals more often. Further, when the merged companies’ performance is considered one or two years after the deal, the authors find that these companies perform slightly worse in terms of returns than those who do not enter into same-caste deals. Please click here to read more.