Desirable Corporate Governance in India - A Code
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Methods for Multicountry Studies of Corporate Governance (and Evidence from the BRIKT Countries)
We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity,” and endogeneity issues in these studies,...Read more
The Relation between Firm-Level Corporate Governance and Market Value: A Study of India
Relatively little is known about the corporate governance practice of firms in emerging markets. We provide a detailed overview of the practices of publicly traded firms in India, and identify areas where governance practices are relatively...Read more
Firm-Level Corporate Governance in Emerging Markets: A Case Study of India
We provide an overview of Indian corporate governance practices, based primarily on responses to a 2006 survey of 370 Indian public companies. Compliance with legal norms is reasonably high in most areas, but not complete. We identify areas where...Read more
Law, Finance, and Politics: The Case of India
The process of liberalization of India's economy since 1991 has brought with it considerable development both of its financial markets and the legal institutions which support these. An influential body of recent economic work asserts...Read more
Can Corporate Governance Reforms Increase Firms' Market Values: Evidence from India
A central problem in conducting an event study of the valuation effects of corporate governance reforms is that most reforms affect all firms in a country. Share price changes may reflect the reforms, but could also reflect other information. We...Read more