Bhaumik, Sumon Kumar; Selarka, Ekta - William Davidson Institute, University of Michigan - 2008
examines the impact of M&A on profitability of firms in India, where the corporate landscape is dominated by family-owned and …performance. On the one hand, concentration of ownership that, in turn, concentrates management control in the hands of … group-affiliated businesses, such that alignment of management and ownership coexists with management entrenchment, and …