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Title: An exploratory study on the impact of pro-market reforms on the Indian corporate sector
Authors: Chakrabarti, Amit Baran
Ray, Sougata
Keywords: Economic reforms
Emerging economy
Financial performance
New institutional economics
Public versus private
State owned enterprise
Issue Date: 2018
Publisher: SCOPUS
Journal of Economic Policy Reform
Series/Report no.: 21(1)
Abstract: Pro-market reforms were expected to increase competition, improve efficiency and reduce agency costs by improving the institutional environment in emerging markets. In an attempt to establish the macro�micro linkages of these goals, this paper aims to analyse the impact of reforms on the performance of firms belonging to different ownership categories. We find that while state owned enterprises have shown signs of convergence, the performance of other domestic firms has stagnated. Meanwhile multinational subsidiaries have shown consistently better performance, raising questions on the motive and direction of reforms. We end by discussing the policy implications and avenues for future research. � 2016 Informa UK Limited, trading as Taylor & Francis Group.
Description: Chakrabarti, Amit Baran, Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business, Hyderabad, India; Ray, Sougata, Strategic Management Department, Indian Institute of Management Calcutta, Kolkata, India
ISSN/ISBN - 17487870
DOI - 10.1080/17487870.2016.1235498
Appears in Collections:Strategic Management

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