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We show that the revelation of financial misrepresentation in a member firm induces stock price declines among other member firms in the same business group. The documented spillover effects are amplified (mitigated) when concerns about financial misreporting in member firms are more (less)...
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Chapter 1: Introduction -- Chapter 2: The Regime of Capital Accumulation, the Hindu Undivided Family and the Business Group in Independent India -- Chapter 3: Corporate Response to Public Policy Changes: Some Intriguing Aspects -- Chapter 4: Ownership Control and Board Governance of Indian...
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