Modern day business is beset with changing operating paradigms. Economies with efficient economic policies and stable political systems are a big draw among the investors. Countries that have opened themselves to world markets and that have good legal systems in place, providing protection to...

Corporate governance as it is understood today in the Indian context is the culmination of the liberalization process. Despite the implementation of certain corporate governance norms, Indian industry is found to be defaulting on compliance. While there certainly are flaws in government's...

Traditional corporate governance scholarship excessively focused on the after-effects of separation of ownership from control. While American corporations were characterized by diffusely held ownership structures, most continental and Asian countries were marked by the concentrated ownership...

This paper attempts to review literature on corporate governance on the ownership structure from a firm performance perspective. The dominant paradigm of corporate governance is based on the argument of Berle and Means (1932) that separation of ownership and control affects the reported level of...

The research study empirically investigates the efficacy of ownership groups in enhancing firm performance by analyzing 103 firms in the pharmaceutical industry during the period 1995-2001. It seeks to answer three primary questions: One, are promoters because of their large stakeholdings,...

This paper wades through the extant corporate governance literature and identifies the existence of four different governance models in practice. Though market-centric and relationship-based models have been widely discussed in corporate governance literature, a dearth of two other governance...

Today's emerging business landscapes have triggered a continuous change in the operating paradigms of firm governance, and consequently IT governance. However, firm level behaviors are increasingly following a set pattern. This is precisely because of path dependent mechanisms that have embedded...

The paper traces various arguments and theories contributed by economists and finance researchers, to the understanding of corporate governance. It starts with an explanation of the property rights theory, which is considered the forerunner of today's corporate governance arguments and finally...