Session Details: Session 1017

Corporate Governance in Emerging Economies

Track G

Date: Saturday, December 13, 2008

 

Time: 13:30 – 14:45

Common Ground

Room: MLT3


Facilitator:
Nandini Rajagopalan, University of Southern California

Title: An Analysis of the Impact of Corporate Governance in India

Authors

  • Sudeep Chatterjee, ISBM

The paper hopes to understand the impact of Corporate Governance on an Emerging Economy like India. Firstly, the paper attempts to conceptually understand the meaning of Corporate Governance and examines how Indian companies have responded to the issue after the advent of Sarbanes Oxley Act 2002 in US, as well as in the aftermath of a slew of recommendations from committees initiated by SEBI in India. Secondly, the paper aims to analyse whether best practices in Corporate Governance in Indian companies are regislation driven or go beyond the minimum threshold. The paper attempts to develop a construct that compliance to Corporate Governance in letter and spirit alone can help profitable companies become good Corporate Citizens.

Title: Corporate Governance in India: A Practice Approach

Authors

  • Ajit Nayak, University of Exeter
  • Mairi Maclean, Bristol Business School
  • Charles Harvey, University of Newcastle
  • Robert Chia, University of Glasgow

In this paper we examine the historically embedded and emergence characteristics of corporate governance in India. We demonstrate the complex linkages between institutions that play a role in shaping the culture and mindsets of Indian management. Theoretically, we argue that corporate governance is a mediating symbolic form that embeds institutional and social practices as well as individual dispositions. Our aim is to demonstrate how issues of governance and institutions are better addressed at the practical and dispositional level rather than national, industry or firm levels. Empirically we draw on data on the lives, careers and networks of the board of directors of the top 100 companies in India to demonstrate how national contexts are constituted by pre-existing social structures, norms and practices.

Title: Effect of Concentrated Ownership: Evidence from India

Authors

  • Manisha Singal, Virginia Tech
  • Vijay Singal, Virginia Tech

While dispersed ownership characterizes the firm structures of large publicly traded firms in developed nations, concentrated ownership is still the norm in large firms in India and other emerging countries. Much of the concentrated ownership exists in the form of family control, state control, and headquarters control (in the case of subsidiaries of multinational corporations). Our purpose in this proposal is to examine the different forms of concentrated ownership, its effects on board composition and governance structures, and its impact on firm performance. We develop and test hypotheses using a multiple regression framework for a set of Indian publicly listed firms from 2001 -2007

All Sessions in Track G...

Sat: 11:15 – 12:30
Session 1020: Linkages between the Business Environment and Firm Strategy in Indian Firms
Sat: 13:30 – 14:45
Session 1017: Corporate Governance in Emerging Economies
Sun: 13:30 – 14:45
Session 1022: Outsourcing, Offshoring and Global Supply Chains
Sun: 15:00 – 16:15
Session 1018: Effective Human Resource Management in Indian Organizations


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