OtherChakrabarti, Amit Baran.,Mondal Arindam. "Effect of Business Group Affiliation on Firm Internationalization: The Case of India under Reforms", Journal of East West Business, ForthcomingRead Abstract >Close >We investigate how diversified business groups (BGs) influence the structural reform – firm strategy relationships by virtue of the effect it has on strategic choice and its implementation in a large emerging economy-India. By integrating BG, industrial organization and international business literature, we predict considerable differences in the exporting behaviour of BG affiliated firms based on their market competitiveness and governance dynamics. We test our predictions empirically with proprietary, longitudinal data of 6119 Indian firms over a 21 year period, starting from 1991-92 to 2011-12; and find support for most of the hypotheses. These findings suggest that knowledge of the heterogeneity within business groups are essential for understanding the response of business group affiliates in light of the progression of reform process in India. Our study thus contributes to a more complete conceptual understanding of the strategic responses of pro-market reforms of business group affiliates in emerging economies.

OtherBhatnagar, Navneet., Ramachandran, Kavil. "Continuity of Family Business Across Generations", ISB insight, 2015Read Abstract >Close >Maintaining continuity across generations has been a prime objective of family businesses. This article identifies and explains five key factors that contribute towards achieving the continuity objective. Overcoming leadership challenges, building teams and 'letting go' of control, managing owners' expectations and growth, planning for succession and grooming the next generation members, and sustaining familiness constituted the essential elements for family business continuity. The paper concludes that responsible ownership is key to long term sustenance of family businesses.

OtherRamachandran, Kavil., Bhatnagar, Navneet. "State of Family togetherness in Indian Family Businesses", ISB insight, 2015Read Abstract >Close >The paper explores the concept of 'Family Togetherness' in the family business context. It examines the depth of family ties by probing the issues on which family members stand together and on those where they stand apart? Based on a survey conducted among 105 family business members belonging to different generations of same family businesses, the paper finds that family togetherness operates at three levels with varying degrees of cohesiveness. Significant differences across several aspects of family togetherness were also found between the members belonging to different generations.

OtherChakrabarti, Amit Baran.,Ray, Sougata. "Revisiting the Firm Ownership and Performance Debate in an Emerging Economy during Economic Reforms: Impact of Change in Publicness", 4th biennial conference of the Indian Academy of Management (IAM), 2015Read Abstract >Close >This study takes a nuanced view of state-owned enterprises as hybrid organizations. Rather than viewing firms dichotomously as either state owned or privately owned, we consider them as a continuum on three dimensions of publicness. We theorize an inverted U-shaped relationship between publicness and firm profitability. We also theorize that the inverted Ushaped relationship will be shallower for bigger firms. We test and find support for the theorized relationships in a large sample of 214,401 observations belonging to 21,482 firms taken over a fourteen year period from India.

OtherChakrabarti, Amit Baran.,Ray, Sougata. "Ownership and Firm Performance in India under Reforms: Revisiting the Public versus Private Debate", 4th biennial conference of the Indian Academy of Management (IAM), 2015Read Abstract >Close >The last two decades have witnessed a range of policy reforms related to the public sector and Indian industry in general. In this descriptive study, we try to take stock and analyse the impact of these reforms through the balance sheet data of the population of firms in India. The firms are divided based on their ownership, into business group (BG) affiliated firms; state owned enterprises (SOEs); multinational (MNC) subsidiaries; and domestic stand alone private firms. The performance of these firms on multidimensional performance metrics reveals that while there are sharp differences in the performance of firms belonging to the different ownership categories, at the same time, there are signs of convergence in some of the measures. The results of this study are placed in perspective with previous studies and research implications are discussed.

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