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We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...
Persistent link: https://www.econbiz.de/10014046999
This paper analyzes the factors influencing the choice between different FDI modes: acquisitions or greenfield … investments. From a sample of 117 outward foreign direct investment (FDI) decisions made by the Indian multinational Tata in 43 …
Persistent link: https://www.econbiz.de/10010891969
trade, 100% Foreign Direct Investment (FDI) in cash and carry has become operational only since 2006 with an automatic route …
Persistent link: https://www.econbiz.de/10014113994
The paper looks at the India's privatization experiment which began in the early 1990s. The data used for this study … model with the objective to assess as to whether or not the magnitude of privatization is significant on economic growth … evidences aided by OLS reveal that privatization does not have any impact on the overall growth of the economy despite a robust …
Persistent link: https://www.econbiz.de/10013008921
globalization, privatization, and the advancement of human rights regimes. In China, privatization is grounded in state obligation …, administrative approaches, and private rule systems. In India, privatization is grounded in individual rights-based and civil and … substantially different ways. These examples will serve to suggest the ways in which both privatization and corporate actors now …
Persistent link: https://www.econbiz.de/10014162251
. Privatization in a significant way has not taken place in India; nevertheless, the boundaries of the state as an industrial … growth has had a substantial impact in enhancing performance. Thus, the role of privatization as a mechanism to enhance …
Persistent link: https://www.econbiz.de/10014059550
India’s recently announced privatization strategy can facilitate a change in the composition of the public sector … description of the SOE sector in India, consider different criteria which can inform the scope and rationale for privatization. It … also highlights takeaways from international experience with privatization, highlights the importance of improved …
Persistent link: https://www.econbiz.de/10013492000
This paper questions when and why state governments oppose (or support) privatization programs initiated by the central … government. It examines national privatization initiatives in the 1990s in India and Brazil in the fields of electricity and … benefits from privatization between the two levels of government. We find that reason #3, real conflict of interests, best …
Persistent link: https://www.econbiz.de/10014066099
Persistent link: https://www.econbiz.de/10011429513
Persistent link: https://www.econbiz.de/10009713197