A faster pace of business-efficiency reforms in emerging economies creates a hyper-competitive business landscape, with global firms arriving with significantly better resources posing enormous challenges to incumbent firms. Using a data set of 55,068 firm-year observations from 37 nations...

We compare the IPO issuing firms in India that disclose risk in their advertisements with the firms that do not disclose risk and find 31% higher underpricing in firms that disclose risk. For the risk disclosing firms we find a significantly higher subscription from institutional investors. The...

Firms play a key role in growth of India and there is a need to enhance their competitiveness significantly. For that, they may need higher flexibility in their governance systems. This paper explores the relationship between flexibility in corporate governance (CG) mechanisms and international...

This study examines the outperformance of Economic Value Added (EVA) on traditional performance measures in explaining the contemporaneous Market Value Added (MVA).We also aim to test the best predictor of MVA of Indian companies among the value based measure and traditional performance measure....

This paper examines the impact of corporate governance (CG) on financial performance (FP) considering the endogeneity between governance and firm characteristics using a sample of large listed Indian firms from 2008 to 2011. We construct a "CG Index" based on six important governance mechanisms...

Researchers have come up with varied assertions with regard to the relationship between ownership structure and firm performance. Positive as well as negative relationships at differing levels of equity holdings by managers have been suggested by researchers leading to inconclusive results....

With increased emphasis on shareholder value addition, there has been an ongoing debate on choosing the right measure of corporate financial performance. There is need for a single measure of financial performance that not only measures corporate financial performance but also works as a...

Performance measurement matters in today's complex business arena irrespective of the type, nature, and volume diversity in business. If the result of the performance measurement goes wrong due to the faulty or inaccurate selection of tool(s), then the total process will prove wrong in due time...

The rising prominence of emerging market multinationals has become a salient aspect of the global economy. Among these new emerging multinationals, the Indian Pharmaceutical Companies (IPCs) have drawn the attention of the academia for their catch-up internationalization strategies and rapid...

This paper is an attempt to find out the factors affecting investment by foreign portfolio investors in India. Considering firm-level variables, the paper tries to find out the importance of corporate governance factors in foreign portfolio investment in India, based on the annual governance...