Agency conflict in diversified business groups and performance of affiliated firms in India: Contingent effect of external constraint and internal governance

Author(s):  
Anish Purkayastha ◽  
Chinmay Pattnaik ◽  
Atul Arun Pathak
2021 ◽  
Vol 2021 (1) ◽  
pp. 12249
Author(s):  
Anish Purkayastha ◽  
Chinmay Pattnaik ◽  
Atul Arun Pathak

2020 ◽  
Vol 12 (17) ◽  
pp. 6888
Author(s):  
Youngshin Woo ◽  
Wooseok Choi ◽  
Insik Min ◽  
Mugoan Jeong

This study examines the impact of Korean business groups, chaebols, on the sporting performance of their affiliated professional sports teams using game data from 1983 to 2013. We investigated whether or not chaebol ownership of professional sports teams is more efficient than non-chaebol ownership in achieving athletic success on the field of play. Our empirical evidence found that the chaebol-affiliated teams are more likely to be the league winners or finalists than non-chaebol teams are. We also tested the relationship between the financial crisis in the wider economy that deflates firm resources and athletic outcomes in the affiliated teams. In the tests, which divide the sample period into three 10-year periods, the results of two sub-samples (1983–1993 and 2004–2013) were in line with previous results. We, however, identified an exception when chaebol teams did not play in more final matches of a league between 1994 and 2003, the time interval that includes the period of drastic restructuring of business groups during the 1997 Asian financial crisis.


2017 ◽  
Vol 9 (7) ◽  
pp. 114
Author(s):  
Xinyuan Zhang ◽  
Zhixiu Guo ◽  
Xiaorui Feng ◽  
Yan He

The equity structure is the basis for corporate governance, and the decisive factor for performance of listed companies. Considering the return on equity as the measure index of company performance, the paper has collected 2014-2016 data related to index of equity structure from 32 listed companies in Shanghai and Shenzhen, made descriptive statistical analysis and correlation analysis on it with spass20.0 statistical software, and discussed the relation between equity structure and performance of listed companies. The research finds that: Chinese listed companies for building industry still have relatively high equity concentration, imperfect internal governance mechanism and poor equity restriction. The effect of “bargaining” is difficultly developed to promote the growth of performance. China shall further strengthen the efforts to control, spur listed companies to reinforce the internal management, and optimize the equity structure to ensure the effective balance, with the purpose of accelerating the healthy and sustainable development of listed companies and safeguarding the interests of medium-small investors.


2021 ◽  
Vol 33 (6) ◽  
pp. 0-0

At the end of 2019, the sudden attack of the COVID-19 brought huge challenges to the management, operation and development of listed companies. In view of the suddenness of the epidemic, the internal governance of listed companies is even more important! The index system, governance structure and performance, structure and behavior, structure and performance of the proposed hypotheses affected by the behavior of the index system, the 2019-2020 China GEM listed companies as a sample of equity concentration, and the human capital board of directors as the sample explanatory variable , Business performance, innovation performance are dependent variables, supervision and behavior, as an intermediary to encourage behavior, related test hypotheses, verify the path that Chinese companies listed in the GEM governance structure affect governance performance through behavior.


2021 ◽  
Vol 7 (1) ◽  
pp. 8-13
Author(s):  
I Wayan Pantiyasa ◽  
Moh Agus Sutiarso ◽  
I Nyoman Arto Suprapto

The goal of community service in the second year (2020) in Pelaga village is to increase the role of tourism aware groups (Pokdarwis) and small business groups (SMEs) for the development of Pelaga Agrotourism Park-based on community. Through mentoring done by the team has been successfully created preferred tour packages and promotional tools online on Youtube, Facebook and Instagram. Agricultural products as supporting tourism produced by SME groups have been successfully improved quality and performance by using the brand Pelaga Agrotourism Park. It is hoped that the use of destination branding will increase the promotion and marketing of agribusiness products and Pelaga village as an agrotourism destination. Keywords: Pelaga Agrotourism Park, village community empowerment.


PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0257637
Author(s):  
Stein T. Holden ◽  
Mesfin Tilahun

We study how social preferences and norms of reciprocity are related to generalized (outgroup) and particularized (ingroup) trust among members of youth business groups in northern Ethiopia. The Ethiopian government promotes youth employment among land-poor rural youth by allocating them rehabilitated communal lands for the formation of sustainable businesses. The typical sustainable production activities that the groups can invest in include apiculture, forestry, horticulture, and livestock production. Our study used incentivized experiments to elicit social preferences, trust, and trustworthiness. We use data from 2427 group members in 246 functioning business groups collected in 2019. Altruistic and egalitarian preferences were associated with stronger norms to reciprocate, higher outgroup and ingroup trustworthiness and trust while spiteful and selfish preferences had opposite effects. The social preferences had both direct and indirect effects (through the norm to reciprocate) on trustworthiness and trust. Ingroup trust was positively correlated with a number of group performance indicators.


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