325
Views
5
CrossRef citations to date
0
Altmetric
Articles

An exploratory study on the impact of pro-market reforms on the Indian corporate sector

&

References

  • Aiken, Leona S., and Stephen G. West. 1991. Multiple Regression: Testing and Interpreting Interactions. 2nd ed. Newbury Park, CA: Sage Publications.
  • Altshuler, Rosanne, and Harry Grubert. 2002. “Repatriation Taxes, Repatriation Strategies and Multinational Financial Policy.” Journal of Public Economics 87: 73–107.
  • Balakrishnan, Pulapre, M. Parameswaran, K. Pushpangadan, and M. Suresh Babu. 2006. “Liberalization, Market Power, and Productivity Growth in Indian Industry.” The Journal of Policy Reform 9 (1): 55–73.
  • Baron, Reuben M., and David A. Kenny. 1986. “The Moderator–Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations.” Journal of Personality and Social Psychology 51 (6): 1173–1182.10.1037/0022-3514.51.6.1173
  • Bertrand, Marianne, Paras Mehta, and Sendhil Mullainathan. 2002. “Ferreting Out Tunneling: An Application to Indian Business Groups.” The Quarterly Journal of Economics 117: 121–148.10.1162/003355302753399463
  • Bhaumik, Sumon Kumar, Shubhashis Gangopadhyay, and Shagun Krishna. 2006. “Reforms, Entry and Productivity: Some Evidence from the Indian Manufacturing Sector.” 822. William Davidson Institute Working Paper Series.
  • Cameron, Colin A., and Pravin K. Trivedi. 2009. Microeconometrics Using Stata. College Station, TX: Stata Press.
  • Carney, Michael, Eric R. Gedajlovic, Pursey P. M. A. R. Heugens, Marc Van Essen, and J (Hans) Van Oosterhout. 2011. “Business Group Affiliation, Performance, Context, and Strategy: A Meta-analysis.” Academy of Management Journal 54 (3): 437–460.10.5465/AMJ.2011.61967812
  • Chakrabarti, Rajesh, and William L. Megginson. 2008. “Corporate Governance in India.” Journal of Applied Corporate Finance 20 (1): 59–72.10.1111/j.1745-6622.2008.00169.x
  • Chang, Eunmi, and M. S. Taylor. 1999. “Control in Multinational Corporations (MNCs): The Case of Korean Manufacturing Subsidiaries.” Journal of Management 25 (4): 541–565.10.1177/014920639902500404
  • Chari, Murali D. R., and Elitsa R. Banalieva. 2015. “How Do Pro-market Reforms Impact Firm Profitability? The Case of India under Reform” Journal of World Business 50 (2): 357–367.10.1016/j.jwb.2014.05.004
  • Chari, Murali D. R., and Parthiban David. 2012. “Sustaining Superior Performance in an Emerging Economy: An Empirical Test in the Indian Context.” Strategic Management Journal 33: 217–229.10.1002/smj.v33.2
  • Clifton, Judith, Francisco Comín, and Daniel Díaz-Fuentes. 2006. “Privatizing Public Enterprises in the European Union 1960–2002: Ideological, Pragmatic, Inevitable?” Journal of European Public Policy 13 (5): 736–756.10.1080/13501760600808857
  • Cohen, Jacob, Patricia Cohen, Stephen G. West, and Leona S. Aiken. 2003. Applied Multiple Regression/correlation Analysis for the Behavioral Sciences. 3rd ed. New Jersey, NJ: Lawrence Erlbaum Associates.
  • Contractor, Farok J. 1990. “Ownership Patterns of U.S. Joint Ventures Abroad and the Liberalization of Foreign Government Regulations in the 1980s: Evidence from the Benchmark Surveys.” Journal of International Business Studies 21 (1): 55–73.10.1057/palgrave.jibs.8490327
  • Cuervo-Cazurra, Alvaro, and Belén Villalonga. 2000. “Explaining the Variance in the Performance Effects of Privatization.” Academy of Management Review 25 (3): 581–590.
  • Cuervo-Cazurra, Alvaro, and Luis Alfonso Dau. 2009. “Promarket Reforms and Firm Profitability in Developing Countries.” Academy of Management Journal 52 (6): 1348–1368.10.5465/AMJ.2009.47085192
  • Dahiya, Bhagwan, and Nandita Rathee. 2011. “Corporate Governance Developments in India.” In Handbook on International Corporate Governance, edited by Christine A. Mallin. 2nd ed. 414–432. Cheltenham: Edward Elgar Publishing Limited.
  • Dharwadkar, Ravi, Gerard Georges, and Pamela Brandes. 2000. “Privatization in Emerging Economies: An Agency Theory Perspective.” Academy of Management Review 25 (3): 650–669.
  • Doyle, Leonard A. 1963. “Some Problems of State Enterprises in Underdeveloped Nations.” California Management Review 6 (1): 23–32.10.2307/41165558
  • Dyck, Alexander, and Luigi Zingales. 2002. “Private Benefits of Control: An International Comparison.” Journal of Finance 59 (2): 537–600.
  • Fama, Eugene F. 1980. “Agency Problems and the Theory of the Firm.” Journal of Political Economy 88 (2): 288–307.10.1086/260866
  • Feinberg, Susan E., and Anil Gupta. 2009. “MNC Subsidiaries and Country Risk: Internalization as a Safeguard against Weak External Institutions.” Academy of Management Journal 52 (2): 381–399.10.5465/AMJ.2009.37315470
  • Ferris, Stephen P., Kenneth A. Kim, and Pattanaporn Kitsabunnarat. 2003. “The Costs (and Benefits?) of Diversified Business Groups: The Case of Korean Chaebols.” Journal of Banking and Finance 27: 251–273.10.1016/S0378-4266(01)00248-5
  • Filatotchev, Igor, and Mike Wright. 2011. “Agency Perspectives on Corporate Governance of Multinational Enterprises.” Journal of Management Studies 48 (March): 471–486.
  • Florio, Massimo. 2014. “Contemporary Public Enterprises: Innovation, Accountability, Governance.” Journal of Economic Policy Reform 17 (3): 201–208.10.1080/17487870.2014.913823
  • Gersbach, Hans, and Armin Schmutzler. 2014. “Does Globalization Create Superstars? A Simple Theory of Managerial Wages.” European Economic Review 71 34–51.10.1016/j.euroecorev.2014.03.006
  • Granovetter, Mark. 2005. “Business Groups and Social Organizations.” In Handbook of Economic Sociology, edited by Neil J. Smelser and Richard Swedberg. 2nd ed. 429–450. New Jersey, NJ: Princeton University Press.
  • Hoskisson, Robert E., Lorraine Eden, Chung Ming Lau, and Mike Wright. 2000. “Strategy in Emerging Economies.” Academy of Management Journal 43 (3): 249–267.10.2307/1556394
  • Itagaki, Takao. 1989. “The Multinational Enterprise under the Threats of Restriction on Profit Repatriation and Exchange Control.” Journal of Development Economics 31: 369–377.10.1016/0304-3878(89)90020-5
  • Jain, B. A., and Omesh Kini. 1999. “The Life Cycle of Initial Public Offering Firms.” Journal of Business Finance & Accounting 26 (9–10): 1281–1307.10.1111/jbfa.1999.26.issue-9-10
  • Jensen, M. C. 1993. “The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems.” The Journal of Finance 48 (3): 831–880.10.1111/j.1540-6261.1993.tb04022.x
  • Jensen, M. C., and K. J. Murphy. 1990. “Performance Pay and Top-management Incentives.” Journal of Political Economy 98 (2): 225.10.1086/261677
  • Kapila, Uma. 2009. Indian Economy: Performance and Policies. 9th ed. New Delhi: Academic Foundation.
  • Kennedy, Duane, Josef Lakonishok, and Wayne H. Shaw. 1992. “Accommodating Outliers and Nonlinearity in Decision Models.” Journal of Accounting, Auditing & Finance 7 (2): 161–190.
  • Khanna, Sushil. 2012. “State-owned Enterprises in India: Restructuring and Growth.” The Copenhagen Journal of Asian Studies 30 (2): 5–29.
  • Khanna, Tarun, and Krishna Palepu. 2000. “Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups.” The Journal of Finance 55 (2): 867–891.10.1111/0022-1082.00229
  • Khanna, Tarun, and Jan W. Rivkin. 2001. “Estimating the Performance Effects of Business Groups in Emerging Markets.” Strategic Management Journal 22: 45–74.10.1002/(ISSN)1097-0266
  • Khanna, Tarun, and Yishay Yafeh. 2007. “Business Groups in Emerging Markets: Paragons or Parasites?” Journal of Economic Literature 45 (2): 331–372.10.1257/jel.45.2.331
  • Kikeri, S., John Nellis, and Mary M. Shirley. 1994. “Privatization: Lessons from Market Economies.” The World Bank Research Observer 9 (2): 241–272.10.1093/wbro/9.2.241
  • Kim, Hicheon, Heechun Kim, and Robert E. Hoskisson. 2010. “Does Market-oriented Institutional Change in an Emerging Economy Make Business-group-affiliated Multinationals Perform Better? An Institution-based View.” Journal of International Business Studies 41 (7): 1141–1160.
  • Kwiatkowski, Grzegorz, and Pawel Augustynowicz. 2015. “State-owned Enterprises in the Global Economy – Analysis Based on Fortune Global 500 List.” Management, Knowledge and Learning Joint International Conference, 1739–1747. Bari, Italy.
  • Lecraw, Donald J. 1984. “Bargaining Power, Ownership, and Profitability of Transnational Corporations in Developing Countries.” Journal of International Business Studies 15 (1): 27–43.10.1057/palgrave.jibs.8490469
  • Lee, Keonbeom, Mike W. Peng, and Keun Lee. 2008. “From Diversification Premium to Diversification Discount During Institutional Transitions.” Journal of World Business 43 (1): 47–65.10.1016/j.jwb.2007.10.010
  • Lincoln, James R., and Michael L. Gerlach. 2004. Japan’s Network Economy: Structure, Persistence, and Change. Social Sciences. New York, NY: Cambridge University Press.10.1017/CBO9780511584442
  • Mander, Jerry, and Edward Goldsmith, eds. 2001. The Case against the Global Economy: And for a Turn towards Localization. London: Earthscan.
  • Megginson, William L., and Jeffry M. Netter. 2001. “From State to Market: A Survey of Empirical Studies on Privatization.” Journal of Economic Literature 39 (2): 321–389.10.1257/jel.39.2.321
  • Millward, Robert. 2011. “Public Enterprise in the Modern Western World: An Historical Analysis.” Annals of Public and Cooperative Economics 82 (4): 375–398.10.1111/j.1467-8292.2011.00447.x
  • Musacchio, Aldo, and Francisco Flores-Macias. 2009. “The Return of State-owned Enterprise.” Harvard International Review. Accessed January 25. http://hir.harvard.edu/the-return-of-state-owned-enterprises/
  • Price, Byron E. 2007. “The Threat of Privatization: The Impetus behind Government Performance.” International Journal of Public Administration 30 (11): 1141–1155.10.1080/01900690701225325
  • Ralston, David A., Jane Terpstra-Tong, Robert H. Terpstra, Xueli Wang, and Carolyn Egri. 2006. “Today’s State-owned Enterprises of China: Are They Dying Dinosaurs or Dynamic Dynamos?” Strategic Management Journal 27 (9): 825–843.10.1002/(ISSN)1097-0266
  • Ramamurti, Ravi. 1992. “The Impact of Privatization on the Latin American Debt Problem.” Journal of Interamerican Studies and World Affairs 34 (2): 93–125.10.2307/166030
  • Ramamurti, Ravi. 1999. “Why Haven’t Developing Countries Privatized Deeper and Faster?” World Development 27 (1): 137–155.10.1016/S0305-750X(98)00131-4
  • Sahay, Ratna, and Rishi Goyal. 2006. “Volatility and Growth in Latin America: An Episodic Approach.” WP/06/287. IMF Working Paper.
  • Salim, Ruhul Amin. 2003. “Economic Liberalization and Productivity Growth: Further Evidence From Bangladesh.” Oxford Development Studies 31 (1): 85–98.10.1080/1360081032000047203
  • Shleifer, Andrei. 1998. “State versus Private Ownership.” Journal of Economic Perspectives 12 (4): 133–150.10.1257/jep.12.4.133
  • Shleifer, Andrei, and Robert W. Vishny. 1997. “A Survey of Corporate Governance.” The Journal of Finance 52 (2): 737–783.10.1111/j.1540-6261.1997.tb04820.x
  • Smith, W. Rand. 2002. “Review: Privatization in Latin America: How Did It Work and What Difference Did It Make ?” Latin American Politics and Society 44 (4): 153–166.10.2307/3176998
  • Stiglitz, Joseph E. 1986. Economics of Public Sector. New York: WW Norton & Company.
  • Varshney, Ashutosh. 1998. “Mass Politics or Elite Politics? India’s Economic Reforms in Comparative Perspective.” The Journal of Policy Reform 2 (4): 301–335.
  • Venkatraman, N., and Vasudevan Ramanujam. 1986. “Measurement of Business Performance in Strategy Research: A Comparison of Approaches.” Academy of Management Review 11 (4): 801–814.
  • Warner, Mildred E. 2008. “Reversing Privatization, Rebalancing Government Reform: Markets, Deliberation and Planning.” Policy and Society 27 (2): 163–174.10.1016/j.polsoc.2008.09.001
  • Warner, Mildred E., and Judith Clifton. 2014. “Marketisation, Public Services and the City: The Potential for Polanyian Counter Movements.” Cambridge Journal of Regions, Economy and Society 7 (1): 45–61.10.1093/cjres/rst028
  • Wong, Simon C. Y. 2004. “Improving Corporate Governance in SOEs. An Integrated Approach.” Corporate Governance International 7 (2): 5–15.
  • World Bank. 1995. Bureaucrats in Business: The Economics and Politics of Government Ownership. New York: Oxford University Press.
  • Yiu, Daphne W., Lu Yuan, Garry D. Bruton, and Robert E. Hoskisson. 2007. “Business Groups : An Integrated Model to Focus Future Research.” Journal of Management Studies 44 (8): 1551–1579.10.1111/joms.2007.44.issue-8
  • Young, Michael N., Mike W. Peng, David Ahlstrom, Garry D. Bruton, and Yi Jiang. 2008. “Corporate Governance in Emerging Economies: A Review of the Principal-principal Perspective.” Journal of Management Studies 45 (1): 196–220.10.1111/joms.2008.45.issue-1
  • Zagha, Roberto. 1998. “Labor and India's Economic Reforms.” The Journal of Policy Reform 2 (4): 403–426.10.1080/13841289808523391
  • Zinnes, C, Y. Eilat, and J. Sachs. 2001. “The Gains from Privatization in Transition Economies: Is ‘Change of Ownership’ Enough?” IMF Staff Papers 48 (2001): 146–170.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.