Firms are under increasing pressure to meet stakeholders’ demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a model of sequential production with...

Mergers and acquisitions (hereafter M&As) is a strategy used by firms for growth and expansion of their business in terms of products/services, scale of operations and the geographic coverage. In order to successfully overcome the challenges posed by globalization the corporate sector all over...

This paper investigates the relation between product market competition, corporate governance and firm performance in Indian manufacturing industries covering the period 1995-2017. Evidence suggests that firm performance improves as competition increases. Besides, results depict heterogeneity in...

A primary risk associated with business groups entering the financial sector is that groups will misallocate capital to own group firms, hurting investors and economic development. We study this issue in the context of business group owned mutual funds in India, where business groups have been...