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dc.contributor.authorHundal, Shabnamjit
dc.date.accessioned2017-08-16T05:36:03Z
dc.date.available2017-08-16T05:36:03Z
dc.date.issued2017
dc.identifier.citationHundal, S. (2017). Multiple directorships of corporate boards and firm performance in India. <i>Corporate Ownership and Control</i>, <i>14</i>(4), 150-164. <a href="https://doi.org/10.22495/cocv14i4art13" target="_blank">https://doi.org/10.22495/cocv14i4art13</a>
dc.identifier.otherCONVID_27155557
dc.identifier.otherTUTKAID_74639
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/55106
dc.description.abstractThe purpose of the paper is to investigate, first, the association between multiple directorship assignments (busyness) undertaken by corporate directors and firm performance, second, whether endogenously determined limits of multiple directorships, highlighting the ownership structure and other institutional settings, explain the above association better than those by exogenously mandated by regulators and third, the association between the nature of busyness and firm performance. The study develops measures of busyness in the light of the agency and resource dependence theories. The spline regression technique is applied in order to reflect institutional settings of a large sample and sub-samples of firms classified as local private, foreign and government firms in India. For local private firms, the association between the number of directorships and firm performance becomes negative before reaching the maximum number of directorships set by legislation, whereas, for foreign and government firms, the same continues to remain positive throughout. Endogenously determined cut-off points of busyness reflect institutional settings of firms, which may remain masked otherwise. The findings of the current paper can be useful to study the same phenomenon in other emerging markets having corporate governance, and ownership structures similar to that of India. The effect of busyness can be different on different firms; however, exogenously fixed regulatory limits do not reflect their institutional settings. The current paper is an attempt to fill in this research gap.
dc.language.isoeng
dc.publisherVirtus Interpress
dc.relation.ispartofseriesCorporate Ownership and Control
dc.subject.othercorporate governance
dc.subject.othermultiple directorships
dc.subject.otherboard of directors
dc.subject.otherResource Dependence Theory
dc.subject.otherpromoters
dc.subject.otherownership
dc.titleMultiple directorships of corporate boards and firm performance in India
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201708113460
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2017-08-11T09:15:04Z
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange150-164
dc.relation.issn1727-9232
dc.relation.numberinseries4
dc.relation.volume14
dc.type.versionpublishedVersion
dc.rights.copyright© 2017 by Authors and Virtus Interpress. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0).
dc.rights.accesslevelopenAccessfi
dc.subject.ysoomistajaohjaus
dc.subject.ysojohtokunnat
dc.subject.ysohallitukset (yhdistykset ja yritykset)
dc.subject.ysoagenttiteoria
dc.subject.ysokontrolli
jyx.subject.urihttp://www.yso.fi/onto/yso/p20911
jyx.subject.urihttp://www.yso.fi/onto/yso/p4051
jyx.subject.urihttp://www.yso.fi/onto/yso/p2506
jyx.subject.urihttp://www.yso.fi/onto/yso/p23547
jyx.subject.urihttp://www.yso.fi/onto/yso/p5192
dc.rights.urlhttps://creativecommons.org/licenses/by/4.0/
dc.relation.doi10.22495/cocv14i4art13
dc.type.okmA1


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© 2017 by Authors and Virtus Interpress. This work is licensed under the Creative
Commons Attribution International License (CC BY 4.0).
Except where otherwise noted, this item's license is described as © 2017 by Authors and Virtus Interpress. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0).