It is now well-established that Business Groups (BGs) - an inimitable multi-firm structure that enables legally distinct firms to take coordinated action, constitutes a dominant organizational form in many economies around the world. The BG phenomenon has attracted sustained scholarly attention...

In seeking to understand whether the transition by Asian countries to market economies mirrors the path taken by the West, we ask how embedded network ties between equity analysts and the CEOs of the firms they follow in India influence the accuracy of analysts' earnings forecasts. We contrast...

Research summary: Using a principal-principal agency theory lens we examine corporate governance and compensation design in family-owned businesses. We conceptualize how CEO pay and pay-performance sensitivity is influenced by whether the CEO is a professional or drawn from the controlling...