Affiliated firms and financial support: Evidence from Indian business groups

Gopalan, Radhakrishnan; Nanda, Vikram; Seru, Amit

doi:10.1016/j.jfineco.2006.09.008

Cited by 581 publications

(459 citation statements)

References 19 publications

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“…Firms that go public in India are also less likely to be affiliated with a business group. Since groups are known to improve their member firms' access to finance through the internal capital market (Gopalan et al, 2007), this is consistent with the IPO being an important source of finance. 14 IPO firms are also less likely to operate in industries where 12 Since we are only interested in identifying cross-sectional characteristics of firms that undertake an IPO, we do not include firm fixed effects.…”

Section: Ex-ante Characteristics Of Ipo Firmssupporting

confidence: 53%

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Do Public Equity Markets Matter in Emerging Economies? Evidence from India*

Gopalan

Gormley

2012

Review of Finance

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Do public equity markets serve an unique role that is not easily served by other forms of financing in emerging economies? We analyze this question using the collapse of India's equity market in 1997, which provides an exogenous shock to firms' ability to issue equity. We find that both public and private firms exhibit higher bankruptcy rates and lower growth after 1997. The decline in growth is greater among firms with more external finance needs and fewer tangible assets. Overall, the evidence suggests that public equity markets are an important, not easily replaced, source of finance in emerging economies. Disciplines Finance | Finance and Financial Management

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Section: Ex-ante Characteristics Of Ipo Firmssupporting

confidence: 53%

“…The greater availability of debt capital for group firms is also implied by the results in Gopalan et al (2007) and by the fact that, ceteris paribus, group firms in India have higher leverage ratios.…”

Section: The Impact On Public Firmsmentioning

confidence: 93%

Do Public Equity Markets Matter in Emerging Economies? Evidence from India*

Gopalan

Gormley

2012

Review of Finance

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“…Business groups can overcome institutional voids and market failures by relying on the group's internal capital market and talent pool, by building intangible assets such as strong group reputation and brand names, and by accumulating expertise and knowledge from different affiliates operating in various locations (Belenzon and Berkovitz, 2010;Chang and Hong, 2000;Gopalan et al, 2007;Jian and Wong, 2010;Keister, 1998Keister, , 2001Khanna and Palepu, 2000;Khanna and Rivkin, 2001;Mahmood and Mitchell, 2004). The literature points to the performance advantages that emerging market business groups enjoy compared with other firms (e.g., Mahmood et al, 2011;Manikandan and Ramachandran, 2014).…”

Section: Business Groups In Chinamentioning

confidence: 99%

Technology transfer within China and the role of location choices

Kafouros

Wang

2015

International Business Review

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We examine how emerging country business groups overcome various technological constraints and succeed in enhancing their performance. Our theoretical contribution lies in showing how the ability of a business unit to benefit from intra-group technology transfer depends on the idiosyncratic manner in which the group geographically configures its network of units. The findings reveal that the geographic dispersion and concentration of the units of a group alter both the ability and willingness of its business units to transfer technologies to (or receive technologies from) other units and subsequently result in different performance outcomes. The location of a business unit also determines whether or not a unit competes with other fellow units and, consequently, influences how much a unit benefits from the technologies held by the group.

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“…In many parts of the world, the marital relationship has the dominance of husband, dependence and obedience of wife, who submits / surrenders at the cost of her own advancement, her self-esteem, and even her health. There is change in some parts of the globe, however situation is grim in most of the regions [2].…”

Section: Introductionmentioning

confidence: 99%

Gender Inequalities in Everyday Life

Chhabra¹

2015

Glob J Medical Clin Case Rep

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Background: Gender inequalities continue in all walks of life for all women, urban rural.Objective: was to know gender differences in everyday life of women.Material methods: Thousand non-pregnant and thousand, pregnant women were interviewed. Results:The information revealed that around 90% pregnant, nonpregnant women, 25% men went to bed late, got up early. Women did all household chores, without any help from husbands. Grocery was brought by 269 nonpregnant, 78 pregnant women. Firewood was collected by 58% woman of 575, households where firewood was used 45% of 513 pregnant women's families. Of women who worked outside 61% of 656 nonpregnant, 93% of 353 pregnant did all household work also Age, education, occupation did not make any difference in gender inequality of everyday life. Conclusion:All household chores are performed only by women even during pregnancy also, with some difference during pregnant state from nonpregnant. Less pregnant women worked outside, but those who worked did all household work also. Perception that men do outside jobs, women only household, was not true.Objective was to get the information so as to be able to think of possibilities of helping women and sharing with others because women's issues are global, though solutions need to be local.

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Affiliated firms and financial support: Evidence from Indian business groups

Cited by 581 publications

References 19 publications

Do Public Equity Markets Matter in Emerging Economies? Evidence from India*

Do Public Equity Markets Matter in Emerging Economies? Evidence from India*

Technology transfer within China and the role of location choices

Gender Inequalities in Everyday Life

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