No abstract

No abstract

This research work is focused on effect of business group affiliation on firm with different shades of FDI capital such as technology, capital and competitiveness defined on the basis of FDI policy tools designed by Indian policy makers. The analysis reveals negative effect of business group affiliation on excess value created by firm using competitiveness shaded FDI capital. This empirical evidence supports that tunneling effect of business group affiliation is highly significant in a firm with competitiveness shaded FDI capital. Once, profitability, asset utilization and growth opportunity is controlled, the tunneling effect of business group affiliation becomes highly significant in firm irrespective of the shades of FDI capital. This is in support of study reported by Bertrand et al. (2002) claiming that tunneling effect is part of non-operating profit. There is strong evidence that FDI investors' fund is expropriated by domestic business group when host economy has sufficient capital and technology and foreign investor is intending to create excess value on account of their higher efficiency.

No abstract

No abstract

This research work presents a conceptual framework used for analyzing financing mechanism for ICT projects. The focus is on developing countries with a focus on bridging digital divide and using ICT services for economic development. This is an effort in achieving millennium development goals, and the conventional financing mechanism of international organizations has been summarized. The aim is to increase the effectiveness of investment, and for the same purpose, a number of new financing mechanisms are devised by funding organization/agencies. These innovative mechanisms have been summarized with special focus on advantages and disadvantages. The graphic illustrations help in understanding fund flow in financing mechanism. These innovative mechanisms are further explained with the help of cases. A number of innovative financing mechanisms have been presented, which can be adopted for ICT projects in developing countries.

No abstract

This research work presents a conceptual framework used for analyzing financing mechanism for ICT projects. The focus is on developing countries with a focus on bridging digital divide and using ICT services for economic development. This is an effort in achieving millennium development goals, and the conventional financing mechanism of international organizations has been summarized. The aim is to increase the effectiveness of investment, and for the same purpose, a number of new financing mechanisms are devised by funding organization/agencies. These innovative mechanisms have been summarized with special focus on advantages and disadvantages. The graphic illustrations help in understanding fund flow in financing mechanism. These innovative mechanisms are further explained with the help of cases. A number of innovative financing mechanisms have been presented, which can be adopted for ICT projects in developing countries.