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dc.contributor.authorChakrabarti, Amit Baran
dc.contributor.authorRay, Sougata
dc.descriptionChakrabarti, 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
dc.descriptionISSN/ISBN - 17487870
dc.descriptionDOI - 10.1080/17487870.2016.1235498
dc.description.abstractPro-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.
dc.publisherJournal of Economic Policy Reform
dc.subjectEconomic reforms
dc.subjectEmerging economy
dc.subjectFinancial performance
dc.subjectNew institutional economics
dc.subjectPublic versus private
dc.subjectState owned enterprise
dc.titleAn exploratory study on the impact of pro-market reforms on the Indian corporate sector
Appears in Collections:Strategic Management

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