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Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India

Published on Dec 1, 2016in Global Journal of Flexible Systems Management
· DOI :10.1007/s40171-016-0135-3
Arunima Haldar2
Estimated H-index: 2
(S. P. Jain Institute of Management and Research),
S.V.D. Nageswara Rao3
Estimated H-index: 3
(IITB: Indian Institute of Technology Bombay),
Kirankumar S. Momaya10
Estimated H-index: 10
(IITB: Indian Institute of Technology Bombay)
Cite
Abstract
Abstract Firms play a key role in growth of India, and there is a need to enhance their competitiveness significantly. For that, they may need higher flexibility in their governance systems. This paper explores the relationship between flexibility in corporate governance (CG) mechanisms and international competitiveness (IC) in two knowledge-based industries in India during the period from 2006 to 2014. Using multiple regression model, the results suggest that flexibility in CG significantly affects IC. In addition, IC increases with the increase in firm size in the presence of other factors such as research and development intensity, marketing intensity, business group affiliation, and industry dummy. Thus, the study is a novel attempt to establish the relationship between flexibility in CG and IC.
  • References (54)
  • Citations (8)
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References54
Newest
Akanksha Jalan1
Estimated H-index: 1
(IIMA: Indian Institute of Management Ahmedabad),
R. Vaidyanathan1
Estimated H-index: 1
(IIMA: Indian Institute of Management Ahmedabad)
Purpose - This paper is an effort to demystify tax havens- what they mean, what they offer and why they are harmful. It offers a detailed analysis of abusive tax planning by multinational - corporations, involving the use of tax havens, shedding light on how corporations employ „egregious? tax sheltering techniques right from their incorporation to avoid payment of - income taxes. The paper also discusses global efforts against the phenomenon and policy recommendations. - Design/methodology/appr...
Published on Sep 1, 2015in Strategic Management Journal5.57
Raveendra Chittoor11
Estimated H-index: 11
(Indian School of Business),
Prashant Kale17
Estimated H-index: 17
(Rice University),
Phanish Puranam25
Estimated H-index: 25
(Ad: INSEAD)
Prior research suggests that business groups (BGs) in developing economies have emerged as alternatives to poorly developed economic institutions in these countries. In this paper, we argue that this does not imply they are always substitutes. Specifically, we consider the case of capital markets, a key economic institution: while the absence of well-developed capital markets may indeed have stimulated the emergence of business groups, we propose that BG affiliation and the scrutiny that maturin...
Sumant Kumar Bishwas2
Estimated H-index: 2
(IITD: Indian Institute of Technology Delhi)
Managing environmental changes is the prime concern for any organization in the current knowledge era. Globalization, rapid technological changes and cut-throat competition have raised the survival, growth, and performance issues before the organization. Organizations having high vitality are able to manage these issues and succeed for a longer term compared to others. Innovation and flexibility are the two strategic intents that are critical for any organization and an integrated view of those ...
Sushil19
Estimated H-index: 19
(IITD: Indian Institute of Technology Delhi)
Published on Mar 20, 2013
Arunima Haldar2
Estimated H-index: 2
(S. P. Jain Institute of Management and Research),
S.V.D. Nageswara Rao3
Estimated H-index: 3
(IITs: Indian Institutes of Technology)
This paper examines the impact of corporate governance (CG) on financial performance (FP) considering the endogeneity between governance and firm characteristics using a sample of large listed Indian firms from 2008 to 2011. We construct a "CG Index" based on six important governance mechanisms covering a total of 44 attributes affecting the governance of Indian companies. The panel data regression is employed for empirical analysis. The results indicate that CG has a strong influence on perform...
Rodiel C. Ferrer3
Estimated H-index: 3
,
Mc Reynald S. Banderlipe1
Estimated H-index: 1
INTRODUCTION The past and present events concerning the international business community have resulted to the term "corporate governance" finding its prominence in every business activity. In the light of massive debacles that affected firms whose primordial goals rests on profit maximization and the fulfillment of personal interests, there is a need for governance reforms where the protection of interests by all stakeholders is of great importance. Corollary to this, there is a noticeable surge...
Published on Sep 3, 2012in International Business Research
Georgeta Vintila5
Estimated H-index: 5
,
Stefan Cristian Gherghina5
Estimated H-index: 5
This paper examines the impact of corporate governance mechanisms and CEO characteristics on U.S. listed companies’ performance. The corporate governance mechanisms are: shareholdings of insiders, shareholdings of the institutional investors and mutual funds, board size and the number of independent directors in the board. We used as performance measures the following: Tobin’s Q, return on assets, return on equity, price to book value and price earnings ratio. Additionally, we considered the imp...
Published on Apr 1, 2012in Asian Business & Management1.23
S Subramanian1
Estimated H-index: 1
,
V Nagi Reddy1
Estimated H-index: 1
Past research on financial disclosures indicates the existence of proprietary costs that discourage companies from disseminating full information in the presence of competition in domestic markets. However, the relationship may not hold in international competition regarding corporate governance disclosures. Firms must disclose information about their corporate governance practices to win the confidence of buyers and this may actually improve competitiveness. In this article, we study the relati...
Jiří Strouhal5
Estimated H-index: 5
(University of Economics, Prague),
Carmen Giorgiana Bonaci5
Estimated H-index: 5
,
Razvan V. Mustata5
Estimated H-index: 5
Corporate governance represents a highly debated topic, taking significant part of the ink during the last decade. Many things have been said in the aftermath of the 2007– 2009 financial crisis; some even consider acknowledging that corporate governance represents a generally accepted consequence of the crisis. The OECD Steering Group has also issued a report upon the crisis concluding that, among its major contributors, we find corporate governance failures and weaknesses that allowed excessive...
Published on Dec 30, 2011
Padmini Srinivasan3
Estimated H-index: 3
,
Vasanthi Srinivasan9
Estimated H-index: 9
This paper examines the status of corporate governance research on Indian in the Indian and International journals between the period 2000-2010. The paper attempts to understand the nature of global research on corporate governance in top tiered international journals reflects the growing interest in India and whether the research published in the top journals in India reflect the differences vis-a-vis the global discourse on corporate governance. Our analysis of the papers in international and ...
Cited By8
Newest
Sanjai Kumar Shukla (IITD: Indian Institute of Technology Delhi), Sushil19
Estimated H-index: 19
(IITD: Indian Institute of Technology Delhi)
Abstract The competitive advantage offered by flexibility has drawn considerable attention from the academic and practitioner community. The existing literature primarily focuses on means to achieve flexibility through information system (IS) exploitation. There is a noticeable absence of a comprehensive flexibility evaluation and implementation framework for organizations, engaged in the delivery of software products and services. This paper proposes twenty-three practices graded in six maturit...
The success of e-learning courses is normally measured in terms of the learning outcomes delivered, but when it comes to the success of the organizations that are in the business of delivering commercial e-learning courses, delivering learning outcomes only does not suffice. Commercial e-learning providers, to remain successful, have to meet the main expectations of the learners hidden behind the successful completion of the e-learning courses. The main expectation for a learner could mean obtai...
Parul Jain Gupta1
Estimated H-index: 1
(DCE: Delhi Technological University),
Pradeep Kumar Suri3
Estimated H-index: 3
(DCE: Delhi Technological University)
An emerging approach for assessing performance of public services is based on public value. Many existing studies have, however, measured public value in the context of online services. In India, most of the public services are still not fully e-governed. Due to the absence of an end-to-end IT-enabled service delivery mechanism, physical presence of citizens is still required to avail public services in many cases. A citizen during his visit to a public organization faces a ‘Situation’, interact...
Mousalam Alabdul Razzak1
Estimated H-index: 1
(UW: University of Waterloo),
Osama Sam Al-Kwifi7
Estimated H-index: 7
(Qatar University),
Zafar U. Ahmed2
Estimated H-index: 2
(American University of Ras Al Khaimah)
Researchers studying the alignment of business resources usually focus on business cases that inherently have continuous interactions built on long-term relationships at the firm level, dyadic level, or broader network level. While contractual limitations can be applied to resource alignment, resource engagement holds the notion of a persistent value-adding relationship. This paper proposes a theoretical framework based on previous theories and empirical studies on resource alignment ranging fro...
Monika Singla1
Estimated H-index: 1
(IITD: Indian Institute of Technology Delhi),
Shveta Singh7
Estimated H-index: 7
(IITD: Indian Institute of Technology Delhi)
In the recent past, flexibility as a concept has gained significant importance in all the perspectives of an organization (strategic, marketing, technical, operational, financial and so on). It has been cited as a strategic driver to enhance the value of the firm. Flexibility refers to the ability of the firm to change itself in response to various stimuli (internal/external). Since public and private sector organizations work under different institutional set-ups, this paper aims to analyse the...
Manju Tripathi1
Estimated H-index: 1
(IITD: Indian Institute of Technology Delhi),
Smita Kashiramka2
Estimated H-index: 2
(IITD: Indian Institute of Technology Delhi),
P. K. Jain4
Estimated H-index: 4
(IITD: Indian Institute of Technology Delhi)
The paper empirically explores on the potential of economic value added (EVA), a value-based performance benchmark as an option to conventional earnings measures, with focus on two Asian emerging economies: India and China. Panel regression method has been adopted to compare the significance of EVA over return on equity (ROE), return on capital employed (ROCE) and earnings per share (EPS), in explaining and forecasting market value added (MVA), a proxy for shareholders’ wealth creation. The rese...
Published on Jan 1, 2018
Sanjay Kumar (Deloitte), Falguni Arora (DU: University of Delhi)
Non-tariff barriers have a significant impact on regular trading activities. This study is conducted to determine a relationship between non-tariff barriers and international trade in India. Eleven such factors have been identified and thoroughly discussed in the Indian context. An empirical study has been conducted taking the opinion of experts through convenience sampling method. The primary data is analyzed through multiple linear regression, and results have been discussed. Most of the obser...
Sanjay Dhir7
Estimated H-index: 7
(IITD: Indian Institute of Technology Delhi),
Sushil19
Estimated H-index: 19
(IITD: Indian Institute of Technology Delhi)
Abstract The paradigms of transaction cost and social exchange are instrumental in developing joint venture research as well as its impact on flexibility of partners. However, extant research is scant regarding the type of flexibility that partners in joint venture are most impacted. In this study, we analyze the flexibility determinants in a sample of Indian cross-border joint ventures with G8 nations’ partner firms. The factors in the study as determinants of flexibility—termination flexibilit...
Anil Kumar6
Estimated H-index: 6
(BML Munjal University),
Manoj Kumar Dash5
Estimated H-index: 5
(IIIT: Indian Institutes of Information Technology)
The expanding development of technology and availability of the Internet is leading a consumer shift from offline to online activity. This shifting behaviour shows positive signs for the growth of the e-commerce market but also increases the challenges for the online service provider to provide satisfaction and loyalty to consumers when there is no personal interaction between buyer and seller. In these circumstances, quality, in terms of technology services, i.e. web/transaction, can play a sig...
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