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Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India

Author

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  • Arunima Haldar

    (S.P. Jain Institute of Management and Research)

  • S. V. D. Nageswara Rao

    (Indian Institute of Technology Bombay)

  • Kirankumar S. Momaya

    (Indian Institute of Technology Bombay)

Abstract

Firms play a key role in growth of India, and there is a need to enhance their competitiveness significantly. For that, they may need higher flexibility in their governance systems. This paper explores the relationship between flexibility in corporate governance (CG) mechanisms and international competitiveness (IC) in two knowledge-based industries in India during the period from 2006 to 2014. Using multiple regression model, the results suggest that flexibility in CG significantly affects IC. In addition, IC increases with the increase in firm size in the presence of other factors such as research and development intensity, marketing intensity, business group affiliation, and industry dummy. Thus, the study is a novel attempt to establish the relationship between flexibility in CG and IC.

Suggested Citation

  • Arunima Haldar & S. V. D. Nageswara Rao & Kirankumar S. Momaya, 2016. "Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 17(4), pages 389-402, December.
    • Handle: RePEc:spr:gjofsm:v:17:y:2016:i:4:d:10.1007_s40171-016-0135-3
    DOI: 10.1007/s40171-016-0135-3
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    11. S. G. Deshmukh & Abid Haleem, 2020. "Framework for Manufacturing in Post-COVID-19 World Order: An Indian Perspective," International Journal of Global Business and Competitiveness, Springer, vol. 15(1), pages 49-60, June.
    12. Volodymyr Toryanyk & Vladimir Dzhyndzhoian & Yevhen Namliyev, 2018. "Competitiveness Of Ukrainian Export-Oriented Fields," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(3).
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    More about this item

    Keywords

    Corporate governance; Flexibility in corporate governance; Innovation for export competitiveness; Knowledge-based industries; R&D intensity; Marketing intensity;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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