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...

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...

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...

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...

In the changing business scenario, risks and uncertainties have become inevitable. While there are unavoidable business challenges for organizations to dabble with, the challenges posed by IT are no less. First amongst these is the skepticism shown by business managers over the tangible...

The paper revises the idea of stakeholder responsibility, citing a current case of environmental pollution in New Delhi, India. It argues that given the considerable differences among various groups of passive or active stakeholders, interests disintegrate with the passage of time. The case...