Emerging Market Business Groups, Foreign Intermediaries, and Corporate Governance

By Tarun Khanna, K. Palepu. 2000

134 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/119e725526a3292ebf9612aa9eb7c1bfad097cbd

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Citations in the corpus

Corporate Governance, Economic Entrenchment and Growth (2005, unknown): “Khanna and Palepu (2000a) and Khanna and Rivkin (2001) both explain their findings by positing various arguments as to why the group structure might be an advantage in economies with poorly functioning markets and institutions that might cause unrelated firms to have difficulty writing and…”
Outside directors and firm performance during institutional transitions (2004, background): “and pension funds, which have not made much impact in emerging economies, may accumulate more shares, demand board representation, and become more assertive (Khanna and Palepu, 2000; Ramaswamy et al., 2002).”
The Role of International Accounting Standards in Transitional Economies: A Study of the People's Republic of China (2000, unknown): “Further, accruals, which reflect management’s reporting judgment, are valued by investors almost as highly as cash flows (see Dechow, 1994 and Chang, 1999).”
Ownership structure, corporate governance, and fraud: Evidence from China (2006, background): “Foreign-invested firms are likely to insist on higher standards of governance and protection of minority rights (Khanna and Palepu, 2000) Note, however, that the foreign shares almost always represent a minority stake in the business.”
The Evolution of Concentrated Ownership in India Broad patterns and a History of the Indian Software Industry (2004, unknown): “These data are from Khanna and Palepu (2000). group firms was 1.39 (1.14), insignificantly different from the mean (median) value of 1.37 (1.06) for the nongroup firms.”
Does Having Women on Boards Create Value? The Impact of Societal Perceptions and Corporate Governance in Emerging Markets (2014, unknown): “These companies tend to lack transparency and guard internal firm information carefully (Khanna and Palepu, 2000).”
The Impact of Foreign Bank Entry in Emerging Markets: Evidence from India (2010, result): “22 These findings of stronger performance among group firms are consistent with Khanna and Palepu (2000), which finds that the benefits of group ownership structure in India often offsets the costs in terms of overall performance.”
How do corporate governance model differences affect foreign direct investment in emerging economies? (2009, methodology): “Khanna and Palepu (2000b) find that foreign investors avoid Indian firms affiliated with business groups where there is a high incidence of intragroup financial transactions (such groups are typically family-dominated).”
Access to Collateral and Corporate Debt Structure: Evidence from a Natural Experiment (2012, unknown): “…firm-level analysis of the effect of foreign ownership on the performance of Indian firms (Chibber and Majumdar (1999)) and the performance of firms affiliated with diversified business groups (Khanna and Palepu (2000), Bertrand, Mehta, and Mullainathan (2002), and Gopalan, Nanda, and Seru (2007)).”