In most countries of the developing world such as India, Korea, and Thailand, business groups (or business houses) dominate the industrial scenario. We studied the linkage between financial performance and corporate characteristics (including their product diversity) of 240 large Indian business...

The doctrine of Corporate Social Responsibility (CSR) now enjoys widespread support. Companies are enjoined not simply to seek profit but to demonstrate their 'corporate citizenship' by working with a range of stakeholders to further environmental and social as well as economic goals. Pressures...

Acquisitions are an effective tool to implement deliberate corporate strategy or the unique occasion to shift towards an emergent one. They can either allow a firm, to adjust its products-markets portfolio, at a speed not achievable through internal development, either provide the ability to...

This paper presents clinically-based studies of two acquisitions that received very different stock market reactions at announcements one positive and one negative. Despite the differing market reactions, we find that, ultimately, neither acquisition created value overall. In exploring the...

We study corporate performance during and after the Great Depression for all industrial firms on the NYSE. Our first goal is to identify the factors that contribute to business insolvency and valuation during the period 1928 to 1938. To this end, we examine factors such as debt policy,...