Affiliation and Firm Performance: Evidence from Indian Business Groups
S. Ghosh. Manchester School, 78 (3):
183-200(2010)Keywords: Firm; Firm Size; Firms; Leverage; Geographic Descriptors:
India; Geographic Region: Asia; Publication Type: Journal Article;
Update Code: 201007; Copyright: Copyright of Manchester School (14636786)
is the property of Wiley-Blackwell and its content may not be copied
or emailed to multiple sites or posted to a listserv without the
copyright holder's express written permission. However, users may
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Zusammenfassung
Using data on a sample of Indian firms from 1996 to 2006, we examine
the effect of group affiliation on firm performance. After controlling
for the differences in firm size, growth opportunities, and leverage,
the findings indicate that group affiliation exerts a salutary impact
on firm performance, measured in terms of adjusted Q or return on
assets. Moreover, the evidence indicates that tunnelling is not an
important factor driving the valuation and profitability effect of
group affiliation.
Keywords: Firm; Firm Size; Firms; Leverage; Geographic Descriptors:
India; Geographic Region: Asia; Publication Type: Journal Article;
Update Code: 201007; Copyright: Copyright of Manchester School (14636786)
is the property of Wiley-Blackwell and its content may not be copied
or emailed to multiple sites or posted to a listserv without the
copyright holder's express written permission. However, users may
print, download, or email articles for individual use.
%0 Journal Article
%1 Ghosh2010
%A Ghosh, Saibal
%D 2010
%J Manchester School
%K 1990 2000 india
%N 3
%P 183-200
%T Affiliation and Firm Performance: Evidence from Indian Business Groups
%V 78
%X Using data on a sample of Indian firms from 1996 to 2006, we examine
the effect of group affiliation on firm performance. After controlling
for the differences in firm size, growth opportunities, and leverage,
the findings indicate that group affiliation exerts a salutary impact
on firm performance, measured in terms of adjusted Q or return on
assets. Moreover, the evidence indicates that tunnelling is not an
important factor driving the valuation and profitability effect of
group affiliation.
@article{Ghosh2010,
abstract = {Using data on a sample of Indian firms from 1996 to 2006, we examine
the effect of group affiliation on firm performance. After controlling
for the differences in firm size, growth opportunities, and leverage,
the findings indicate that group affiliation exerts a salutary impact
on firm performance, measured in terms of adjusted Q or return on
assets. Moreover, the evidence indicates that tunnelling is not an
important factor driving the valuation and profitability effect of
group affiliation.},
added-at = {2011-11-13T04:52:20.000+0100},
author = {Ghosh, Saibal},
biburl = {https://www.bibsonomy.org/bibtex/2c77741ca340700790129ce9b7559a53b/edwardyanquen},
interhash = {51be5c4f41270ef60e3d2f03312d5fbf},
intrahash = {c77741ca340700790129ce9b7559a53b},
journal = {Manchester School},
keywords = {1990 2000 india},
note = {Keywords: Firm; Firm Size; Firms; Leverage; Geographic Descriptors:
India; Geographic Region: Asia; Publication Type: Journal Article;
Update Code: 201007; Copyright: Copyright of Manchester School (14636786)
is the property of Wiley-Blackwell and its content may not be copied
or emailed to multiple sites or posted to a listserv without the
copyright holder's express written permission. However, users may
print, download, or email articles for individual use.},
number = 3,
pages = {183-200},
timestamp = {2011-11-13T04:52:21.000+0100},
title = {Affiliation and Firm Performance: Evidence from Indian Business Groups},
volume = 78,
year = 2010
}