MPRA_paper_81068.pdf (224.08 kB)
Corporate governance determinants of FII in Indian IT firms
journal contribution
posted on 2023-09-04, 12:56 authored by Vidya Sukumara-PanickerVidya Sukumara-Panicker, Sumit Mitra, Rudra SensarmaThe objective of this study is to investigate the impact of corporate governance characteristics on foreign ownership in the Indian information technology industry. The ownership pattern of a firm and board characteristics are analysed to understand their impact on inflow of foreign institutional investors to the firms. Panel data for 9 years from 113 Indian IT firms, which are publicly listed, have been used. The results show that firms with more concentrated promoter holdings have lesser foreign investments. Apart from the total number of board members, measures of corporate governance including the number of independent members on board and an independent board chairman have been found to be insignificant. The outcomes point to the need of a strong performance before relying on international investments for fundraising.
History
School
- Loughborough Business School
Published in
Indian Journal of Corporate GovernanceVolume
9Issue
1Pages
1 - 18Publisher
SAGE PublicationsVersion
- AM (Accepted Manuscript)
Rights holder
© Institute of Public EnterprisePublisher statement
This paper was accepted for publication in the journal Indian Journal of Corporate Governance and the definitive published version is available at https://doi.org/10.1177/0974686216635785. Users who receive access to an article through a repository are reminded that the article is protected by copyright and reuse is restricted to non-commercial and no derivative uses. Users may also download and save a local copy of an article accessed in an institutional repository for the user's personal reference. For permission to reuse an article, please follow our Process for Requesting Permission: https://us.sagepub.com/en-us/nam/process-for-requesting-permissionPublication date
2016-05-26Copyright date
2016ISSN
0974-6862eISSN
2454-2482Publisher version
Language
- en
Depositor
Dr Vidya Sukumara Panicker. Deposit date: 31 August 2023Usage metrics
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