Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India
Arunima Haldar,
S. V. D. Nageswara Rao and
Kirankumar S. Momaya
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S. V. D. Nageswara Rao: Indian Institute of Technology Bombay
Kirankumar S. Momaya: Indian Institute of Technology Bombay
Global Journal of Flexible Systems Management, 2016, vol. 17, issue 4, No 5, 389-402
Abstract:
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.
Keywords: Corporate governance; Flexibility in corporate governance; Innovation for export competitiveness; Knowledge-based industries; R&D intensity; Marketing intensity (search for similar items in EconPapers)
JEL-codes: F14 G34 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (20)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:gjofsm:v:17:y:2016:i:4:d:10.1007_s40171-016-0135-3
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DOI: 10.1007/s40171-016-0135-3
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