Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups

Emerging markets like India have poorly functioning institutions, leading to severe agency and information problems. Business groups in these markets have the potential both to offer benefits to member firms, and to destroy value. We analyze the performance of affiliates of diversified Indian busine...

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Veröffentlicht in:	The Journal of finance (New York) 2000-04, Vol.55 (2), p.867-891
Hauptverfasser:	Khanna, Tarun, Palepu, Krishna
Format:	Artikel
Sprache:	eng
Schlagworte:	Affiliates Business structures Capital markets Diversified companies Emerging markets Financial investments Financial performance Group performance Group size Joint ventures Portfolio diversification Product diversification Shorter Papers Statistical significance Studies
Online-Zugang:	Volltext
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