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    Corporate governance models in emerging markets: the case of India

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    Authors
    Machold, Silke cc
    Vasudevan, Ajit K
    Issue Date
    2004
    
    Metadata
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    Abstract
    Corporate governance has come to be recognised as a cornerstone of economic reforms seeking to promote stability and growth in developing countries. The Asian crisis of the 1997 was viewed as having roots in poor governance and hence national governments as well as international organisations have sought to promote a strengthening of governance mechanisms. This article investigates governance reforms in India over the last decade. The paper reviews changes in Indian governance codes that indicate a preference of adoption of Anglo-American governance models. A survey of ownership structures of Indian listed companies reveals a mixture of governance mechanisms and a persistence of the ''business house model'' of governance. The paper concludes that despite external pressures towards an ''Anglo-Americanisation'' of governance practice, the outcomes thus far reveal the emergence of a diversity of governance mechanisms arising in a path-dependent fashion.
    Citation
    International Journal of Business Governance and Ethics 1 (1): 56-77
    Publisher
    Inderscience
    Journal
    International Journal of Business Governance and Ethics
    URI
    http://hdl.handle.net/2436/26757
    DOI
    10.1504/IJBGE.2004.004897
    Additional Links
    http://www.inderscience.com/search/index.php?action=record&rec_id=4897
    Type
    Journal article
    Language
    en
    ISSN
    14779048
    1741802X
    ae974a485f413a2113503eed53cd6c53
    10.1504/IJBGE.2004.004897
    Scopus Count
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    Faculty of Social Sciences

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