The purpose of this paper is to study the relationship between corporate governance practices and internationalization through foreign direct investments in the context of family-owned business groups in India.
The comparative case study method is used to understand the relationship between corporate governance practices and internationalization using four family-owned business groups in India.
The ownership concentration negatively influences the internationalization, while transparency has a positive association. Professionalization of management helps in internationalization. Overall, good corporate governance practices have a positive influence on group internationalization.
This paper provides detailed discussions based on the case study research which would help the future research work on the relationship between corporate governance practices and internationalization.
The existing literature studies in this field in the context of emerging markets are inconclusive. Hence, this paper uses the case study method to understand the relationship better.
