... the underlying mechanism. Design/methodology/approach We analyse a panel of non-financial Indian BG and standalone firms by employing a difference-in-differences methodology, using the regulation on Related Party Transactions ( RPTs ) implemented by the Securities and Exchange Board of India ( SEBI...

... under new governance norms, an unexplored area in India as most of the existing work has primarily examined the association between competition and investment levels. To best of our knowledge, this is one of the earliest studies demonstrating the substitution effects of competitiveness and governance...

... for long-term value creation. The paradox partly explains why large family holdings and firm-specific investments endure over generations. (3) This way, large ownership substitutes weak investor protection in India despite tunneling as skin in the game provides necessary investor confidence. (4) Future...

...Nemiraja Jadiyappa; Ram Kumar Kakani Purpose The purpose of this paper is to examine how changes in creditors' rights affect the dividend policy behavior of corporate firms. Design/methodology/approach The authors use the implementation of the bankruptcy and insolvency code (IBC) in India...

... about various energy sources used by firms. Such detailed information is available for about 49% of our sample firms, i.e. 3,021 out of the 6,232 firm-year observations. This section profiles the importance of various energy sources for Indian firms (Table 1). India Stock markets Energy intensity...

..., the relationship between business group affiliation and debt maturity would be stronger for business groups having more resources. We follow Byun et al. (2013) and use the annual top 10 business group in India and the number of firms within a business group as proxies of group-level resources, which...

... at: nemiraja@iimraipur.ac.in 07 01 2020 11 04 2020 05 05 2020 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only India Emerging countries Bank affiliated directors Debt diversification Governance by creditors, particularly banks...

...-term debt. Originality/value This study contributes to the scant existing literature by testing the impact of financial constraints on the relationship between working capital financing and firm performance, representing a typical emerging market in India. India Financial constraints Firm...

... are treated differently in the reallocation of underpriced shares. Third, the authors find that the reallocation and pricing strategies are interdependent and both the strategies are used by the underwriter to reward and favor retail investors for showing high level of demand. The authors find that in India...

... in India. Research limitations/implications Scarcity of such working capital management studies across emerging economies, facing several financial constraints, limits the comparison of findings. Future studies should be conducted to confirm the results. Practical implications The findings imply...

... classification. In the present study we estimate order imbalance using the tick test since continuous quotes data are not available. In the first stage we estimate order imbalance for all NSE stocks which are part of the S&P CNX Nifty Index (the S&P CNX Nifty Index is owned and managed by India Index...