Abstract
| Original language | English |
|---|---|
| Qualification | Doctor of Philosophy |
| Awarding Institution |
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| Supervisors/Advisors |
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| Award date | 10 Jun 2005 |
| Place of Publication | Tilburg |
| Publisher | |
| Print ISBNs | 9056681451 |
| Publication status | Published - 2005 |
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Research output: Thesis › Doctoral Thesis › Scientific
TY - THES
T1 - Corporate governance and firm performance
T2 - An analysis of ownership structure, profit redistribution and diversification strategies of firms in India
AU - George, R.
PY - 2005
Y1 - 2005
N2 - This dissertation examines the relationship between corporate governance and performance of firms in India. Utilizing various theoretical bases in strategy and finance domains, the dissertation attempts to distill a better understanding of the pivotal role played by the twin dimensions of ownership structure and business group-affiliation in influencing firm strategy and performance. In particular, three pertinent issues underpinning the corporate governance-firm performance relationship are probed. First, the influence of various shareholder ownership categories on firm performance and the reasons underlying their differential impact, second, the effect of business group-affiliation on firm performance and the impact of profit redistribution with regard to internal resource allocation efficiency and third, the impact of diversification strategies on firm performance owing to the heterogeneity among business group-affiliation characteristics. The analysis of the effects on firm performance of ownership structure, profit redistribution and firm diversification reveals the crucial role played by ownership heterogeneity and business group-affiliation characteristics in determining firm strategy, internal resource allocation and firm performance. Overall, the study represents an effort towards the larger objective of contributing to a more holistic understanding of how and why corporate governance matters in the performance of firms in emerging economies such as India.
AB - This dissertation examines the relationship between corporate governance and performance of firms in India. Utilizing various theoretical bases in strategy and finance domains, the dissertation attempts to distill a better understanding of the pivotal role played by the twin dimensions of ownership structure and business group-affiliation in influencing firm strategy and performance. In particular, three pertinent issues underpinning the corporate governance-firm performance relationship are probed. First, the influence of various shareholder ownership categories on firm performance and the reasons underlying their differential impact, second, the effect of business group-affiliation on firm performance and the impact of profit redistribution with regard to internal resource allocation efficiency and third, the impact of diversification strategies on firm performance owing to the heterogeneity among business group-affiliation characteristics. The analysis of the effects on firm performance of ownership structure, profit redistribution and firm diversification reveals the crucial role played by ownership heterogeneity and business group-affiliation characteristics in determining firm strategy, internal resource allocation and firm performance. Overall, the study represents an effort towards the larger objective of contributing to a more holistic understanding of how and why corporate governance matters in the performance of firms in emerging economies such as India.
M3 - Doctoral Thesis
SN - 9056681451
T3 - CentER Dissertation Series
PB - CentER, Center for Economic Research
CY - Tilburg
ER -