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Insurance and ownership structure in India’s corporate sector

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  • Joy Jia
  • Mike Adams

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  • Mike Buckle

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Suggested Citation

  • Joy Jia & Mike Adams & Mike Buckle, 2012. "Insurance and ownership structure in India’s corporate sector," Asia Pacific Journal of Management, Springer, vol. 29(1), pages 129-149, March.
  • Handle: RePEc:kap:asiapa:v:29:y:2012:i:1:p:129-149 DOI: 10.1007/s10490-009-9190-z
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    References listed on IDEAS

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    1. Marianne Bertrand & Paras Mehta & Sendhil Mullainathan, 2002. "Ferreting out Tunneling: An Application to Indian Business Groups," The Quarterly Journal of Economics, Oxford University Press, vol. 117(1), pages 121-148.
    2. Mike W. Peng & Justin Tan & Tony W. Tong, 2004. "Ownership Types and Strategic Groups in an Emerging Economy," Journal of Management Studies, Wiley Blackwell, vol. 41(7), pages 1105-1129, November.
    3. Tony Fang, 2010. "Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond," Asia Pacific Journal of Management, Springer, vol. 27(1), pages 155-170, March.
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    6. Bhagwati, Jagdish, 1993. "India in Transition: Freeing the Economy," OUP Catalogue, Oxford University Press, number 9780198288473.
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    8. Tarun Khanna & Krishna Palepu, 2000. "Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups," Journal of Finance, American Finance Association, vol. 55(2), pages 867-891, April.
    9. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    10. Aunon-Nerin, Daniel & Ehling, Paul, 2008. "Why firms purchase property insurance," Journal of Financial Economics, Elsevier, vol. 90(3), pages 298-312, December.
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    15. Shleifer, Andrei & Vishny, Robert W, 1997. " A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    16. Zou, Hong & Adams, Mike B., 2008. "Debt Capacity, Cost of Debt, and Corporate Insurance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 43(02), pages 433-466, June.
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    25. Hong Zou & Mike B. Adams & Mike J. Buckle, 2003. "Corporate Risks and Property Insurance: Evidence From the People's Republic of China," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 70(2), pages 289-314.
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    31. Chhibber, Pradeep K & Majumdar, Sumit K, 1999. "Foreign Ownership and Profitability: Property Rights, Control, and the Performance of Firms in Indian Industry," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 209-238, April.
    32. Froot, Kenneth A & Scharfstein, David S & Stein, Jeremy C, 1993. " Risk Management: Coordinating Corporate Investment and Financing Policies," Journal of Finance, American Finance Association, vol. 48(5), pages 1629-1658, December.
    33. Paul K Freeman & Howard Kunreuther, 2002. "Environmental Risk Management for Developing Countries," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 27(2), pages 196-214, April.
    34. Adams, Mike & Hillier, David, 2000. "The effect of captive insurer formation on stock returns: An empirical test from the UK," Journal of Banking & Finance, Elsevier, vol. 24(11), pages 1787-1807, November.
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    36. Xu, Xiaonian & Wang, Yan, 1999. "Ownership structure and corporate governance in Chinese stock companies," China Economic Review, Elsevier, vol. 10(1), pages 75-98.
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    Citations

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    Cited by:

    1. Marianne Ojo Author-Workplace-Name: Faculty of Commerce and Administration, North-West University, South Africa, 2013. "Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures," Business and Economic Horizons (BEH), Prague Development Center, vol. 9(3), pages 87-98, October.
    2. Jiang, Wei & Adams, Mike & Jia-Upreti, Joy, 2012. "Does managerial entrenchment motivate the insurance decision?," International Review of Financial Analysis, Elsevier, vol. 24(C), pages 117-128.
    3. Andreas Klasen, 2014. "Export Credit Guarantees and the Demand for Insurance," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(3), pages 26-33, August.

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    Keywords

    Insurance; Ownership structure; India; Asia Pacific;

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