Social Science Research Council Research Articles

Industry Peer Information and the Equity Valuation Accuracy of Firms Emerging from Chapter 11

Valuation plays a central role in determining Chapter 11 reorganization outcomes. However, obtaining accurate valuation estimates of reorganized firms is challenging because of limited firm-specific market-based information and the oft-conflicting incentives of claimholders. We examine the role of industry peer information in reducing misvaluations and its implications for unintended interclaimant wealth transfers and postreorganization performance. First, we find that the availability of relevant industry peer information is negatively associated with equity valuation errors for firms emerging from Chapter 11. Cross-sectional results suggest that the relation between industry peer information and valuation errors varies substantially with debtors’ information environment and case characteristics. Second, we find that industry peer information quality is associated with better ex post financial performance of emerged firms because of lower overvaluation. Finally, we document the role of industry peer information in substantially reducing the frequency and magnitude of unintended wealth transfers between claimants arising from equity valuation errors. This paper was accepted by Suraj Srinivasan, accounting. Funding: The authors appreciate financial support from the Social Sciences and Humanities Research Council of Canada [Grant 435-2020-0583] and the Canadian Academic Accounting Association. B. Fang acknowledges financial support from the Della Suantio Fellowship. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2022.01233 .

Connecting to Resilience, Hope, and Spirituality through a Narrative Therapy and Narrative Medicine Creative Writing Group for People Affected by Cancer

In this article, the authors will describe a creative writing therapeutic group program they developed based on narrative therapy and narrative medicine principles. This was a Social Science and Humanities Research Council—Partnership Engagement Grant funded project, the aim of which was to develop a facilitator’s manual for people interested in offering this group, titled “Journey through Words”. The link to the agency partner’s website, where the manual is available, is provided. The group program is structured over 6 weeks and includes a writing prompt each week, focusing on the storyline of resilience rather than the storyline of diagnosis or disease. Using a narrative inquiry approach, the facilitators kept brief field notes following group meetings. These field notes indicate that although spirituality was not planned as an identified focus of the program, due to the space narrative therapy provides for people to describe their values, preferences, and hopes during hardship, the experience of the group was that members shared reflections which were deeply spiritual in nature.

Production Chain Organization in the Digital Age: Information Technology Use and Vertical Integration in U.S. Manufacturing

Advances in information technology (IT) may affect the organizational design of production. Exploiting the rapid diffusion of the internet in the United States, we assess the sensitivity of production chain organization to this innovation in IT access and use. Extending theories of the firm that recognize the importance of downstream transfers (selling as opposed to sourcing) and plural governance in organizational design, we predict IT-driven shifts in downstream vertical integration. In a detailed panel of Census Bureau data for over 5,600 manufacturing plants, we observe the extent of a production unit’s downstream transactions within the firm alongside concurrent sales to external customers—a mix we refer to as plural selling. Our main finding is that the use of the internet for external coordination precipitated a significant decline in downstream vertical integration across the manufacturing sector. Instrumental variables estimation points to a causal relationship but also heterogeneous treatment effects. Key drivers of plural organization, such as complementarities and constraints across differently governed transactions, help explain such heterogeneity, as does concurrent use of internal production management IT. Our study is the first study to leverage a plural governance framework and large-scale microdata to understand how U.S. production chain organization shifted in response to this rapid and far-reaching technological change. This paper was accepted by David Simchi-Levi, information systems. Funding: This research was performed at the Atlanta, Boston, and Cornell (supported by the Cornell Center for the Social Sciences) Federal Statistical Research Data Centers [Project 1069 (CBDRB-FY22-279)]. Support for the Research Data Centers network from the National Science Foundation [Grant ITR-0427889] is gratefully acknowledged, as is support from the Social Sciences and Humanities Research Council of Canada. Supplemental Material: The online appendix is available at https://doi.org/10.1287/mnsc.2019.01586 .

A Better Estimate of Internally Generated Intangible Capital

Internally developed intangibles are not included in reported assets under U.S. generally accepted accounting principles. The omission of this increasingly important class of assets reduces the usefulness and relevance of financial statement analysis, conducted with reported values of equity and assets. Recent studies overcome this deficiency by capitalizing research and development (R&D) expenses to estimate the value of knowledge capital and by capitalizing selling, general, and administrative (SG&A) expenses to estimate the value of organization capital. Those two estimates are then added to reported values for financial statement analysis. For convenience, many studies rely on two rules of thumb and assume them to be equally applicable in all instances: (1) 30% of SG&A and 100% of R&D expenses are investments, and (2) the useful life of SG&A and R&D investments is three and five years, respectively. We propose a more flexible approach by estimating the capitalization and amortization parameters on an industry–year–specific basis. Our modified values of total assets and equity, inclusive of the value of capitalized intangibles, exhibit greater association with future returns and investments compared with as-reported values and values estimated with uniform rules of thumb. We provide a better estimate of intangible capital for the consumers of financial statements. This paper was accepted by Ranjani Krishnan, accounting. Funding: A. Srivastava and R. Zhao acknowledge financial support from the Social Sciences and Humanities Research Council of Canada. A. Srivastava acknowledges financial support from the Canada Research Chairs Program of the Government of Canada. A. Iqbal acknowledges financial support from the Canadian Securities Institute Research Foundation and Chartered Professional Accountants (Alberta) Education Foundation. Supplemental Material: The data files are available at https://doi.org/10.1287/mnsc.2022.01703 .

Examining the mental health impacts of climate change on young people in Canada: a national cross-sectional survey

BackgroundClimate change poses a substantial threat to the mental wellbeing of young people. Population-level research is urgently needed to help inform policies and interventions to ensure that young people are not burdened by long-term mental health impacts from climate change. We sought to identify the prevalence, distribution, and factors associated with climate change-related mental and emotional health outcomes among young people (aged 13–34 years) in Canada. MethodsThis study is part of a larger cross-sectional survey, which examined mental and emotional health responses to climate change among individuals aged 13 years or older from across Canada. We used a multi-stage, multi-stratified random probability sampling procedure. Participants were randomly recruited through either an addressed letter or a telephone call. Online and telephone questionnaires were used to interview individuals in English, French, or Inuktitut between April 1, 2022, and March 31, 2023. Data were weighted by age and province using population estimates from Statistics Canada and analysed using descriptive statistics, factor analyses, and multivariable regression analyses. FindingsThe full survey included 2476 participants, with a subgroup of 409 young people. Of the 401 respondents who provided their gender identity, 215 (54%) identified as cisgender women, 167 (42%) identified as cisgender men, and 19 (5%) identified as non-binary. Preliminary results suggest that young people in Canada experience a wide range of climate-related emotional and mental health outcomes. More than 70% of respondents in the young people subgroup reported having at least mild levels of sadness, anger, worry, anxiety, concern, helplessness, hopelessness, or powerlessness related to climate change. The severity of climate-related emotional responses differed by gender, with non-binary respondents and cisgender women reporting higher average levels of distress than cisgender men. Regional differences were also observed, with northern regions and urban locations reporting more severe reactions. InterpretationThis study builds on the understanding of the burden of climate change on the mental health of young people. If unaddressed, the impact of this burden could have long-standing and wide-reaching public health and related socioeconomic effects. FundingCanadian Institutes of Health Research, ArcticNet, Social Sciences and Humanities Research Council Doctoral Fellowship, Izaak Walton Killam Memorial Scholarship, and Alberta Innovates Graduate Student Scholarship.

Collaborative Creative Engagements as Drivers for Re-imagining Classrooms and Pedagogies

This paper presents a study examining how pre-service teachers understand and experience the limit(s) of classroom creativity in a Canadian higher education class. Participants first completed a modified version of the Harris Creativity Audit to assess their preliminary understandings of creativity policies and practices, as well as perceptions of the value and feasibility of incorporating creativity into their own teaching. The survey results informed the content of a two-part workshop where participants utilized participatory design and sketch modeling to further explore their understanding of classroom creativity. Data analysis resulted in three themes: (a) the impact of physical space; (b) assessing creativity and assessing in creative ways; (c) challenging the educational system. This study is part of a multisite Social Sciences and Humanities Research Council–funded project that aims to explore creativity in higher education to empower educators and students to develop creative agency through creative ecologies and collaborative assessment.

Reframing perceptions: A phenomenological inquiry into students’ written reflections on learning about mindfulness

Introduction
 Mindfulness practices offer approaches to reflection that have been argued to contribute to positive outcomes for students in the health professions. Despite calls for more phenomenological investigations in the field, few studies examine the lived experience of learning about mindfulness in professional schools. Objective
 The objective of this study was to inquire into first-hand written accounts of students’ experiences of learning about mindfulness. Methods
 This study reports on occupational therapy health professions students’ phenomenological reflections written during and following a 5 week, 15 hour, mindfulness elective course offered at a Canadian University. The study adopts a hermeneutic phenomenological methodology and is informed by theoretical frameworks of embodiment and practice theories. An indepth thematic analysis of twenty-one students' written reflections on the experience of integrating mindfulness practices into their lives was undertaken. Results
 Predominant themes identified in students’ written reflections include: reframing perceptions, ‘being’ while ‘doing’, witnessing the struggle, and compassion for self and others. Conclusions
 This research contributes richly textured accounts that advance understandings about the affordances of mindfulness education in the lives of future health care practitioners. The results also hold implications for educational design in higher education professional school contexts, considerations of mindfulness practices in future professional practitioners’ everyday and workplace occupations, and identification of promising avenues for future research. This study is funded by the Social Science and Humanities Research Council of Canada (SSHRC).

Impacts to address sexual violence in Canada and internationally

Impacts to address sexual violence in Canada and internationally Shaheen Shariff, Ph.D. is James McGill Professor and Project Director of iMPACTS, which focuses on addressing sexual violence in Canada and internationally. Led by Professor Shaheen Shariff, Ph.D., iMPACTS is a multi-year, multi-million dollar Partnership Grant funded by the Social Sciences and Humanities Research Council of Canada (SSHRC). The overarching goal of iMPACTS is to unearth, dismantle, and prevent sexual violence within universities and, ultimately, in society, through evidence- based research that informs sustainable curriculum and policy change. Professor Shariff is James McGill Professor in the Department of Integrated Studies in Education at the Faculty of Education at McGill University, and she is the Project Director of this SSHRC Partnership Grant. Professor Shariff grounds her work in the intersection of law and education, focusing on human rights and constitutional issues, diversity, legal pluralism, and civil society.

Congruence between teachers’ and parents’ role construction and expectations about their involvement in homework

This study explores individual, family and student factors in relation to parents’ and teachers’ role construction and mutual expectations regarding homework. Survey data were collected in spring 2005 from parents and teachers at both the elementary and the secondary levels. Parents’ positive attitudes toward homework are associated with more perceived responsibilities on their part. Contrary to parents at the secondary level, parents of elementary students with learning difficulties, as compared to parents of students who succeed well, do not believe as much that “checking homework and making sure that it is done” is part of their parental role. There is no difference among teachers regarding the understanding of their role in homework, regardless of attitude and work experience. At both the primary and secondary levels, teachers have higher expectations of the parents’ role in homework than parents do. Obviously, more work needs to be done related to the activities parents think that they are responsible for with respect to homework. Relative incongruence between parents’ role construction in homework and teachers’ expectations about their role should not be overlooked if we are to promote more positive family-school relationships.This research was supported by a grant from the Social Sciences and Humanities Research Council of Canada (SSHRC). The two authors are regular researchers at the Centre de Recherche et d’Intervention sur la Réussite Scolaire (CRIRES).

Incentives from Career Concerns in a Contract Package: An Empirical Investigation

This paper empirically studies the extent to which career concerns as part of a typical contract offer influence employees’ work performance in a Japanese auto dealership firm. Because career movements and base-wage adjustments rely on performance evaluation over time, we develop a dynamic structural model that allows concerns for future payoffs to impact an employee’s current work effort. A reform in personnel-management policies of the firm during the data period enables us not only to compare the performances across individuals, but also to compare within an individual the performance before and after the reform—this enhances the model identification. Our estimation results show that the added value from career movements on top of the monetary payoffs is more important than the monetary payoffs. Individuals respond to career movements and commissions differently, mainly due to varying cost of effort and different payoffs from career movements. Our counterfactual exercises suggest that, compared with the scenario when there is only monetary compensation, adding career movements in a contract package will greatly improve the firm’s gross profit. The firm can improve its net profit by making commission and promotion more performance-based. This paper was accepted by Matt Shum, marketing. Funding: Financial support from the Social Sciences and Humanities Research Council of Canada [Grant 20190410-01] is gratefully acknowledged. Supplemental Material: The data files are available at https://doi.org/10.1287/mnsc.2023.4956 .

Nominal linkers in Iranian languages: An introduction

In some languages, a noun is linked to some of its modifiers and complements via a linking element. The cross-linguistic variation that is observed with respect to the properties and functions of nominal linkers has made their study an excellent area of research contributing to both the theory and the typology of linkers, and more broadly, to the study of nominals. Despite the importance of nominal linkers, however, a collection that solely focuses on this phenomenon has been noticeably absent in the literature. The use of nominal linkers is a prevalent feature in many Iranian languages. In this volume, we provide a description of a wide range of patterns of nominal linkers in eleven Iranian languages, delving into the intriguing behaviour of such elements and their interaction with other morphosyntactic markers. The papers in this volume are the result of research conducted under the “The Syntax of Nominal Linkers” project at the University of Toronto, funded by a Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Grant (#435-2018-0527). To our knowledge, this volume is the first of its kind dedicated entirely to a single phenomenon in Iranian linguistics. We hope that this volume serves as a valuable resource for a wide range of readers, including researchers interested in nominal modification, nominal linkers, and nominal structures in general, as well as researchers and language instructors interested in Iranian languages.

Tokenomics: When Tokens Beat Equity

In a token offering, investors fund a venture in exchange for tokens that grant rights to future economic output. To many financial industry insiders, tokens have no intrinsic merit and exist only as a way to evade regulations. We demonstrate that generic revenue-based token contracts are indeed economically inferior to equity and lead to over- or underproduction. However, an optimally designed token contract, which is a combination of an output presale and an incremental revenue-sharing agreement, yields the same payoffs as equity and debt. Moreover, with entrepreneurial moral hazard, tokens can finance a strictly larger set of ventures than equity.This paper was accepted by Will Cong, Special Section of Management Science: Blockchains and Crypto Economics.Funding: This work was supported by the Social Sciences and Humanities Research Council of Canada and Canadian Securities Institute Research Foundation [Grants 20013075 and 435-2017-064]. Financial support from the Global Risk Institute and the Mackenzie Investment Chair in Evidence-Based Decision Making is also acknowledged.

The Conceptual Flaws of Decentralized Automated Market Making

Decentralized exchanges (DEXs) are an essential component of the nascent decentralized finance (DeFi) ecosystem. The most common DEXs are so-called automated market makers (AMMs): smart contracts that pool liquidity and process trades as atomic swaps of tokens. AMMs price transactions with a deterministic liquidity invariance rule that only uses the AMM’s token deposits as inputs and that has no precedent in traditional finance. Yet, in the context of transparent and open blockchain operations, any liquidity invariance pricing function allows so-called sandwich attacks (akin to front running) that increase the cost of trading and threaten the long-term viability of the DeFi ecosystem. Invariance pricing is also not regret free. Linear pricing rules have similar problems except for uniform pricing, which has regret-free prices and limits sandwich attack profits but which invites excessive order splitting. Comparing trading costs using a model of liquidity provision, constant product pricing is often cheaper except when the variance of the underlying asset is small or when the order is large. This paper was accepted by Will Cong, Special Section of Management Science: Blockchains and Crypto Economics. Funding: A. Park received financial support from the Global Risk Institute and the Social Sciences and Humanities Research Council of Canada [Grant 435-2017-0647]. Supplemental Material: The data files are available at https://doi.org/10.1287/mnsc.2021.02802 .

Selecting Cover Images for Restaurant Reviews: AI vs. Wisdom of the Crowd

Problem definition: Restaurant review platforms, such as Yelp and TripAdvisor, routinely receive large numbers of photos in their review submissions. These photos provide significant value for users who seek to compare restaurants. In this context, the choice of cover images (i.e., representative photos of the restaurants) can greatly influence the level of user engagement on the platform. Unfortunately, selecting these images can be time consuming and often requires human intervention. At the same time, it is challenging to develop a systematic approach to assess the effectiveness of the selected images. Methodology/results: In this paper, we collaborate with a large review platform in Asia to investigate this problem. We discuss two image selection approaches, namely crowd-based and artificial intelligence (AI)-based systems. The AI-based system we use learns complex latent image features, which are further enhanced by transfer learning to overcome the scarcity of labeled data. We collaborate with the platform to deploy our AI-based system through a randomized field experiment to carefully compare both systems. We find that the AI-based system outperforms the crowd-based counterpart and boosts user engagement by 12.43%–16.05% on average. We then conduct empirical analyses on observational data to identify the underlying mechanisms that drive the superior performance of the AI-based system. Managerial implications: Finally, we infer from our findings that the AI-based system outperforms the crowd-based system for restaurants with (i) a longer tenure on the platform, (ii) a limited number of user-generated photos, (iii) a lower star rating, and (iv) lower user engagement during the crowd-based system. Funding: The authors acknowledge financial support from the Social Sciences and Humanities Research Council [Grant 430-2020-00106]. Supplemental Material: The online appendix is available at https://doi.org/10.1287/msom.2021.0531 .

The Impact of Derivatives on Spot Markets: Evidence from the Introduction of Bitcoin Futures Contracts

Cryptocurrencies provide a unique opportunity to identify how derivatives impact spot markets. They are fully fungible and trade across multiple spot exchanges at different prices, and futures contracts were selectively introduced on Bitcoin (BTC) exchange rates against the U.S. dollar (USD) in December 2017. Following the futures introduction, we find a significantly greater increase in cross-exchange price synchronicity for BTC–USD relative to other exchange rate pairs as demonstrated by an increase in price correlations and a reduction in arbitrage opportunities and volatility. We also find support for an increase in price efficiency, market quality, and liquidity. The evidence suggests that futures contracts allowed investors to circumvent arbitrage frictions associated with short-sale constraints, arbitrage risk associated with block confirmation time, and market segmentation. Overall, our analysis supports the view that the introduction of BTC–USD futures was beneficial to the Bitcoin spot market by making the underlying prices more informative. This paper was accepted by Will Cong, Special Section of Management Science: Blockchains and Crypto Economics. Funding: The authors acknowledge financial support from the Global Risk Institute. P. Augustin acknowledges financial support from the Canadian Derivatives Institute and from the Canada Research Chair Program of the Social Sciences and Humanities Research Council Canada. The paper has benefited significantly from a fellow visit of P. Augustin at the Center for Advanced Studies Foundations of Law and Finance funded by the German Research Foundation, project FOR 2774, and from a visiting position of P. Augustin at the finance department of the University of Luxembourg facilitated through the Inter Mobility Programme of the Luxembourg National Research Fund. Supplemental Material: The online appendix and data are available at https://doi.org/10.1287/mnsc.2023.4900 .

There Is No Planet B: Aligning Stakeholder Interests to Preserve the Amazon Rainforest

How do firms address complex collective action problems effectively? Institutional and stakeholder research suggests that firms may avoid the tragedy of the commons by aligning the interests of critical proximate stakeholders in ways that governments cannot accomplish. This phenomenological paper investigates this possibility by analyzing Amazon rainforest preservation by Natura, a Brazilian cosmetics company. The results indicate that Natura internalized environmental externalities by linking ecologically conscious consumers with rural Amazonian communities. A differences-in-differences analysis compares forest preservation and fire activity in the municipalities that Natura entered with those in which it did not enter. Natura’s impact is identified through an instrumental variable analysis using missing satellite images, which Natura relied upon to decide which municipalities to enter. Quantitative results tie Natura’s entry into municipalities with forest preservation. Analysis of three mechanisms associates Natura’s involvement with stakeholder decisions to cultivate diverse forest-generated crops instead of clearing the land for conventional agriculture. This study contributes to the management literature by suggesting how firms can address important global challenges, such as rainforest preservation, by investing in stakeholder capability development and by creating institutional arrangements in line with those envisioned elsewhere. This paper was accepted by George Serafeim, Special Section of Management Science on Business and Climate Change. Funding: This work was supported by the Clarkson Centre for Business Ethics [CAD 7,500.00] and Canada’s Social Sciences and Humanities Research Council. Supplemental Material: The data files and online appendices are available at https://doi.org/10.1287/mnsc.2023.4884 .

Is Personalized Pricing Profitable When Firms Can Differentiate?

We consider the role of personalized pricing (PP) on product differentiation when PP is costly to implement. Using a stylized yet commonly used formulation, we find that when firms decide on positioning before deciding on PP implementation, PP implementation cost affects not only the amount of differentiation firms choose in their positioning, firm profits, consumer surplus, and social welfare, but also whether firms implement PP. When PP implementation cost is low, firms cannot help but to implement PP and engage in direct price competition. Moreover, firms implementing PP reduce their differentiation, further intensifying price competition, and are worse off. When PP implementation cost is moderate, firms position to reduce their differentiation to commit to not implementing PP, again aggravating price competition. In contrast, when PP implementation cost is higher, firms increase their differentiation due to the threat of PP but do not implement PP. As a result, the availability of PP improves firm profits, even though firms do not implement PP. However, if differentiation is restricted, then PP availability cannot improve firm profits. If an information seller sets the PP implementation cost, then it sets the cost low. Consequently, firms implement PP and are worse off. We also find that when firms decide whether to implement PP before deciding on positioning, they never implement PP. This is the case when PP implementation is complex, and differentiation can be affected by short-run advertising and promotion. Finally, we show that banning PP can benefit consumers when accounting for changes in firm positioning. This paper was accepted by D. J. Wu, information systems. Funding: This work was supported by the Social Sciences and Humanities Research Council of Canada and the Hong Kong Research Grants Council [Grant 21500920]. Supplemental Material: The online appendix is available at https://doi.org/10.1287/mnsc.2021.02740 .

Inverted Apprenticeship: How Senior Occupational Members Develop Practical Expertise and Preserve Their Position When New Technologies Arrive

New technologies create a dilemma for senior members of occupations. Traditionally, practical expertise and position are considered correlates, yet when new technologies arrive, they may be knocked out of alignment. This means that senior members must develop new expertise lest their position be threatened. However, because position often signifies expertise, developing new practical expertise may be challenging. Indeed, senior members face strong pressures not to appear to nor actually devote time to comprehensive formal training as they are booked with complex problems using prior methods, they are responsible for the learning of junior members, and they have passed early career training windows. Through comparative ethnographic field studies of urological surgery and investment banking, we show that “inverted apprenticeships,” defined as configured struggle and restructured interactions with junior members that allow senior members to develop practical expertise with new technologies while maintaining their position, resolve this dilemma. We identify four pathways that senior experts took to structure these inverted apprenticeships, including seeking, stalling, leveraging, and confronting. We uncover the conditions of each pathway and trace their consequences. Although these pathways allowed senior members to enhance or preserve their position, they generated widely varying practical expertise with the new technology. Furthermore, the majority of these pathways undermined the learning of those most junior, who were supposed to be developing expertise through their interactions with seniors. Funding: This work was supported by the Strategic Management Society [Grant SRF-2015DP-0063] and the Social Science and Humanities Research Council of Canada [Grant 752-2014-0378].

Visions and practices of education as transformative tools

The six articles in this dossier were prepared for a cancelled symposium that was to take place in Salvador, Bahia, in July 2022. The planned symposium was part of a Social Sciences and Humanities Research Council of Canada (SSHRC) Connection Grant , and was to gather members of the Theory and History of Education International Research Group (THEIRG), housed at the Faculty of Education, Queen’s University (https://educ.queensu.ca/their), along with members of the History of Education Research Group (NIEPHE) (https://sites.usp.br/niephe/) and the Thematic Project Education in Borders (https://sites.usp.br/educacaoemfronteiras/) of the University of São Paulo. The papers have in common the analysis of visions of education and educational aims in relation to social conceptions of change, along with a theological, philosophical, or socio-political ethical foundation. The authors do not neglect the agency of the individual as either an individual or a collective self – neither the contextual nuances nor the unexpected implications of the educational process.

Analyzing scenarios and designing initiatives toward just transitions: coproducing knowledge with(in) the dried fish sector in the Indian Sundarbans

The south-western fringe of the Indian Sundarbans hosts a number of fish drying collectives that are exposed to a bundle of mutually reinforcing social-ecological-institutional risks. Despite its wide contribution to local-regional food security and livelihoods, dried fish production has received little attention in research and policy circles so far. As part of the Social Sciences and Humanities Research Council (SSHRC) sponsored Dried Fish Matters global partnership project, our research team seeks to address this lack in two ways: (i) delineating knowledge base through a systematic literature review on intersecting social-ecological and sociohydrological dimensions of integrated fisheries and fish drying practices, and (ii) employing a knowledge co-production approach that involves participation of dry-fishers, researchers, fishworkers' forum (partner organization), and scientists for meaningful understandings about the constraints and potentials in the sector. In this essay, we applied a three-step methodology to arrive at a crisscrossing conceptual, empirical, and collective understandings on the 'invisible' dried fish value chain in the Indian Sundarbans. With detailed lessons from the field, our interdisciplinary research team acts as a liaison among the groups to build a collaborative space for interactions, recognize prevalent adaptive practices and identify pathways toward short-, intermediate-, and long-term co-interventions through which fish drying practices can be more effectively improvised upon and up scaled. The essay lays out detailed insights and sensible recommendations from the knowledge co-production workshop, organized as a part of solution-focused participatory research on climate-resilient and gender-aware dried fish practices in the Indian Sundarbans. In light of the collective observations on the complex problems and reflections on needs-driven initiatives, the authors advocate for collaborative research praxes in forging just transitions for the less explored dried fish sector.