메뉴 건너뛰기




Volumn 55, Issue 2, 2000, Pages 867-891

Is group affiliation profitable in emerging markets? an analysis of diversified Indian business groups

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0000859784     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/0022-1082.00229     Document Type: Article
Times cited : (1648)

References (36)
  • 1
    • 84977710826 scopus 로고
    • Beatrice: A study in the creation and destruction of value
    • Baker, George, 1992, Beatrice: A study in the creation and destruction of value, Journal of Finance 47, 1081-1119.
    • (1992) Journal of Finance , vol.47 , pp. 1081-1119
    • Baker, G.1
  • 4
    • 0002737253 scopus 로고
    • The validity of profits-structure studies with particular reference to the FTC's line-of-business data
    • Benston, George J., 1985, The validity of profits-structure studies with particular reference to the FTC's line-of-business data, American Economic Review 75, 37-67.
    • (1985) American Economic Review , vol.75 , pp. 37-67
    • Benston, G.J.1
  • 5
    • 0001852811 scopus 로고
    • Diversification's effect on firm value
    • Berger, Philip, and Eli Ofek, 1995, Diversification's effect on firm value, Journal of Financial Economics 37, 39-65.
    • (1995) Journal of Financial Economics , vol.37 , pp. 39-65
    • Berger, P.1    Ofek, E.2
  • 6
    • 0000387367 scopus 로고
    • The governance structure of the Japanese financial keiretsu
    • Berglof, Erik, and Enrico Perotti, 1994, The governance structure of the Japanese financial keiretsu, Journal of Financial Economics 36, 259-284.
    • (1994) Journal of Financial Economics , vol.36 , pp. 259-284
    • Berglof, E.1    Perotti, E.2
  • 8
    • 84979188687 scopus 로고
    • The nature of the firm
    • Coase, Ronald, 1937, The nature of the firm, Economica 4, 386-405.
    • (1937) Economica , vol.4 , pp. 386-405
    • Coase, R.1
  • 11
    • 0040414045 scopus 로고    scopus 로고
    • Harvard Business School case 9-798-067
    • Ghemawat, Pankaj, 1996, Ballarpur Industries, Harvard Business School case 9-798-067.
    • (1996) Ballarpur Industries
    • Ghemawat, P.1
  • 12
    • 0002497126 scopus 로고
    • Business groups in a market economy
    • Goto, Akira, 1982, Business groups in a market economy, European Economic Review 19, 53-70.
    • (1982) European Economic Review , vol.19 , pp. 53-70
    • Goto, A.1
  • 13
    • 0002308919 scopus 로고
    • Corporate structure, liquidity, and investment: Evidence from Japanese industrial groups
    • Hoshi, Takeo, Anil Kashyap, and David Scharfstein, 1991, Corporate structure, liquidity, and investment: Evidence from Japanese industrial groups, Quarterly Journal of Economics 106, 33-60.
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 33-60
    • Hoshi, T.1    Kashyap, A.2    Scharfstein, D.3
  • 14
    • 84970531019 scopus 로고
    • Antecedents and performance outcomes of diversification: A review and critique of theoretical perspectives
    • Hoskisson, Robert, and Michael Hitt, 1990, Antecedents and performance outcomes of diversification: A review and critique of theoretical perspectives, Journal of Management 16, 461-509.
    • (1990) Journal of Management , vol.16 , pp. 461-509
    • Hoskisson, R.1    Hitt, M.2
  • 15
    • 0008311118 scopus 로고    scopus 로고
    • Capital market imperfections and investment
    • Hubbard, R. Glenn, 1997, Capital market imperfections and investment, NBER Working paper 5996.
    • (1997) NBER Working Paper , vol.5996
    • Hubbard, R.G.1
  • 16
    • 78649415236 scopus 로고
    • Entropy measure of diversification and corporate growth
    • Jacquemin, Alexis, and Charles H. Berry, 1979, Entropy measure of diversification and corporate growth, Journal of Industrial Economics 27, 359-369.
    • (1979) Journal of Industrial Economics , vol.27 , pp. 359-369
    • Jacquemin, A.1    Berry, C.H.2
  • 17
    • 0001972465 scopus 로고    scopus 로고
    • Harvard Business School case 9-797-106
    • Khanna, Tarun, 1996, RPG Enterprises-1995, Harvard Business School case 9-797-106.
    • (1996) RPG Enterprises-1995
    • Khanna, T.1
  • 18
    • 0001921324 scopus 로고    scopus 로고
    • Why focused strategies may be wrong for emerging markets
    • July/August
    • Khanna, Tarun, and Krishna G. Palepu, 1997, Why focused strategies may be wrong for emerging markets, Harvard Business Review July/August, 41-51.
    • (1997) Harvard Business Review , pp. 41-51
    • Khanna, T.1    Palepu, K.G.2
  • 20
    • 0009167334 scopus 로고    scopus 로고
    • Cash flow and investment: Evidence from internal capital markets
    • Lamont, Owen, 1997, Cash flow and investment: Evidence from internal capital markets, Journal of Finance 52, 83-109.
    • (1997) Journal of Finance , vol.52 , pp. 83-109
    • Lamont, O.1
  • 23
    • 0003064280 scopus 로고
    • Capital markets in the less developed countries: The group principle
    • Ronald McKinnon, ed.: Marcel Dekker, New York
    • Leff, Nathaniel, 1976, Capital markets in the less developed countries: The group principle; in Ronald McKinnon, ed.: Money and Finance in Economic Growth and Development (Marcel Dekker, New York).
    • (1976) Money and Finance in Economic Growth and Development
    • Leff, N.1
  • 24
    • 0011088442 scopus 로고
    • Additional evidence on equity ownership and corporate value
    • McConnell, John, and Henri Servaes, 1990, Additional evidence on equity ownership and corporate value, Journal of Financial Economics 27, 595-612.
    • (1990) Journal of Financial Economics , vol.27 , pp. 595-612
    • McConnell, J.1    Servaes, H.2
  • 26
    • 0001441322 scopus 로고
    • Random group effects and the precision of regression estimates
    • Moulton, Brent, 1986, Random group effects and the precision of regression estimates, Journal of Econometrics 32, 385-397.
    • (1986) Journal of Econometrics , vol.32 , pp. 385-397
    • Moulton, B.1
  • 27
    • 0000265332 scopus 로고
    • An illustration of a pitfall in estimating the effects of aggregate variables on micro units
    • Moulton, Brent, 1990, An illustration of a pitfall in estimating the effects of aggregate variables on micro units, The Review of Economics and Statistics 72, 334-338.
    • (1990) The Review of Economics and Statistics , vol.72 , pp. 334-338
    • Moulton, B.1
  • 28
    • 84989095272 scopus 로고
    • Diversification strategy, profit performance and the entropy measure
    • Palepu, Krishna G., 1985, Diversification strategy, profit performance and the entropy measure, Strategic Management Journal 6, 239-255.
    • (1985) Strategic Management Journal , vol.6 , pp. 239-255
    • Palepu, K.G.1
  • 29
    • 84989052435 scopus 로고
    • Research on corporate diversification: A synthesis
    • Ramanujam, Vasudevan, and P. Rajan Varadarajan, 1989, Research on corporate diversification: A synthesis, Strategic Management Journal 10, 523-551.
    • (1989) Strategic Management Journal , vol.10 , pp. 523-551
    • Ramanujam, V.1    Varadarajan, P.R.2
  • 30
    • 84993897561 scopus 로고
    • Did J.P. Morgan's men add liquidity? Corporate investment, cash flow, and financial structure at the turn of the twentieth century
    • Ramirez, Carlos, 1995, Did J.P. Morgan's men add liquidity? Corporate investment, cash flow, and financial structure at the turn of the twentieth century, Journal of Finance 50, 661-679.
    • (1995) Journal of Finance , vol.50 , pp. 661-679
    • Ramirez, C.1
  • 32
    • 0039837629 scopus 로고    scopus 로고
    • Is the internal capital market efficient?
    • Shin, Hyun-Han, and René Stulz, 1998, Is the internal capital market efficient? Quarterly Journal of Economics 108, 531-552.
    • (1998) Quarterly Journal of Economics , vol.108 , pp. 531-552
    • Shin, H.-H.1    Stulz, R.2
  • 33
    • 84936823587 scopus 로고
    • Large shareholders and corporate control
    • Shleifer, Andrei, and Robert Vishny, 1986, Large shareholders and corporate control, Journal of Political Economy 94, 461-88.
    • (1986) Journal of Political Economy , vol.94 , pp. 461-488
    • Shleifer, A.1    Vishny, R.2
  • 35
    • 0009897271 scopus 로고
    • Japan's corporate groups: Collusive or competitive? An empirical investigation of keiretsu behavior
    • Weinstein, David, and Yishay Yafeh, 1995, Japan's corporate groups: Collusive or competitive? An empirical investigation of Keiretsu behavior, Journal of Industrial Economics 43, 359-376.
    • (1995) Journal of Industrial Economics , vol.43 , pp. 359-376
    • Weinstein, D.1    Yafeh, Y.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.