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Incidence and performance effects of interlocking directorates in emerging market business groups: Evidence from India

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Author Info
Bikram De () (Indira Gandhi Institute of Development Research)
Abstract

The phenomenon of interlocking directorates is widespread among corporate across the world. This paper studies the structure and extent of interlocking directorates within Indian business groups and analyses the performance effects of such interlocks. It finds that large groups tend to have more interlocks and more heterogeneous the group is, lesser are the interlocks. Finance and trading companies are seen to have a higher intensity of interlocks and holding companies occupy important nodes in the directorial network. The paper also shows that directorial interlocks improve the performance of group-affiliated firms.

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File URL: http://www.igidr.ac.in/pdf/publication/WP-2003-001.pdf
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Publisher Info
Paper provided by Indira Gandhi Institute of Development Research, Mumbai, India in its series Indira Gandhi Institute of Development Research, Mumbai Working Papers with number 2003-001.

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Length: 30 pages
Date of creation: Apr 2003
Date of revision:
Handle: RePEc:ind:igiwpp:2003-001

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Related research
Keywords: Interlocking directorates; board structure; corporate governance;

Find related papers by JEL classification:
G39 - Financial Economics - - Corporate Finance and Governance - - - Other
G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics

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  1. Kali, Raja, 1999. "Endogenous Business Networks," Journal of Law, Economics and Organization, Oxford University Press, vol. 15(3), pages 615-36, October.
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