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History, ownership forms and corporate governance in India

History, ownership forms and corporate governance in India Purpose – The purpose of this paper is to trace the evolution and persistence of different forms of business ownership in conjunction with the values and institutions that shaped those forms, and discuss the implications for corporate governance in India. Design/methodology/approach – Research paper analyzing broad historical trends, integrating multiple frameworks. Findings – Many ownership forms exist: family, government, professional, and foreign (multinational firms). In each period, shifts in values resulted in shifts in institutional and legislative frameworks, which, in turn, gave rise to different forms of business ownership. The end result, however, has been an amalgamation of diverse co‐existing ownership models, with evidence of evolution towards more balanced values. Research limitations/implications – Comparative research involving other national contexts will help broaden our understanding of the origins and persistence of different forms of governance. Exploration of other governance mechanisms, such as the changing roles of the board of directors or the impact of legislation, also can be explored in the Indian context. Practical implications – As multinational firms expand their operations and outsourcing in India, they must understand the existing governance structures in order to better manage their activities. Originality/value – Perspective of corporate ownership and governance in India using a cultural, institutional, and historical perspective. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management History Emerald Publishing

History, ownership forms and corporate governance in India

Kamala Gollakota; Vipin Gupta
Journal of Management History , Volume 12 (2): 14 – Apr 1, 2006
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References (58)

Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
1751-1348
DOI
10.1108/13552520610654078
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to trace the evolution and persistence of different forms of business ownership in conjunction with the values and institutions that shaped those forms, and discuss the implications for corporate governance in India. Design/methodology/approach – Research paper analyzing broad historical trends, integrating multiple frameworks. Findings – Many ownership forms exist: family, government, professional, and foreign (multinational firms). In each period, shifts in values resulted in shifts in institutional and legislative frameworks, which, in turn, gave rise to different forms of business ownership. The end result, however, has been an amalgamation of diverse co‐existing ownership models, with evidence of evolution towards more balanced values. Research limitations/implications – Comparative research involving other national contexts will help broaden our understanding of the origins and persistence of different forms of governance. Exploration of other governance mechanisms, such as the changing roles of the board of directors or the impact of legislation, also can be explored in the Indian context. Practical implications – As multinational firms expand their operations and outsourcing in India, they must understand the existing governance structures in order to better manage their activities. Originality/value – Perspective of corporate ownership and governance in India using a cultural, institutional, and historical perspective.

Journal

Journal of Management History – Emerald Publishing

Published: Apr 1, 2006

Keywords: Corporate governance; Corporate ownership; History; India

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