Advanced Search
MyIDEAS: Login

Investor Capitalism and the Reshaping of Business in India

Contents:

Author Info

  • Jairus Banaji
Registered author(s):

    Abstract

    There is general agreement that institutional shareholders have been the major force driving the movement for better standards of governance and accountability in corporate business worldwide. How does this work in an 'emerging' market where foreign institutional investors can establish a dominant market position but need to interact with business cultures run by local promoters and low in corporate transparency? This paper argues that while the foreign institutional investors (FIIs) have established considerable leverage over Indian companies, and mounted successful pressure for modernisation of the stock market, their role in corporate governance is unlikely to be as significant as that of the domestic institutions which own substantial chunks of equity in Indian industry. The paper looks at the controversy surrounding the Securities and exchange Board of India's, (SEBI)'s, draft code of corporate governance and suggests that regulators seeking to enforce higher standards of governance in globally integrating markets should reinforce the position of institutional shareholders rather than undermining it.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www3.qeh.ox.ac.uk/RePEc/qeh/qehwps/qehwps54.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Queen Elizabeth House, University of Oxford in its series QEH Working Papers with number qehwps54.

    as in new window
    Length:
    Date of creation:
    Date of revision:
    Handle: RePEc:qeh:qehwps:qehwps54

    Contact details of provider:
    Postal: Queen Elizabeth House 3 Mansfield Road, Oxford, OX1 3TB United Kingdom
    Phone: +44 (1865) 281800
    Fax: +44 (1865) 281801
    Email:
    Web page: http://www.qeh.ox.ac.uk/
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:qeh:qehwps:qehwps54

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rachel Crawford).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.