Articles
Activity Based Costing : Concepts and Significance
S.N. Maheshwari & Suneel Maheshwari
Volume 14, Issue 1 (July 1993 to December 1993)Abstract
Download ArticleInflation: A Significant Obstacle to the Growth of Indian Economy
Rituranjan
Volume 32, Issue 1 (April 2011 to September 2011)Abstract
Download ArticleInvestors' Confidence in the Present Depository System and Response to Changed Strategy
Geeta Man Mohan
Volume 23, Issue 2 (July 2002 to December 2002)Abstract
Download ArticleWorkers' Participation in Management
M.L. Bansal
Volume 3, Issue 2 and 3 (May 1970 to December 1970)Abstract
Download ArticleBank Monitoring as an Alternative Corporate Force and its Impact on the Value of Borrower Firm
Neeraj Kumar, Madhu Vij, Narain
Volume 42, Issue 2 (July 2021 to December 2021)Abstract
Download ArticleWe have analysed the effectiveness of monitoring by banks as a tool of corporate governance and the impact it has on the value of the borrowing firms. We used three indicators as proxies for strong bank monitoring on a company- a) substantial ratio of bank debt to overall debt, b) borrowings from private banks and c) sizeable banking relationships. A dataset comprising Indian non-financial companies from years 2003-2018 was used in our panel-data regression models. We considered a robust sample size of observations, consisting ~2269 firm years from public as well as private organizations. The result outcomes from our study show that all the three measures significantly impact the value of the borrower firm. However, while the share of bank borrowing as well as the type of banker are significant factors that have positive influence on the value, the number of different banking relations has an inverse impact on the same. Borrowing from multiple banks leads to drop infirm value, proving that a single bank relationship is stronger means of corporate governance as it mitigates any "free-rider" problems. This indicates that only the banks with high quality active monitoring play a key governance role, thus improving firm value.
Trends in Outward FDI from Developing Countries with Special Reference to BRICS Countries
K.V. Bhanumurthy, Manoj Kumar Sinha
Volume 35, Issue 2 (October 2014 to March 2015)Abstract
Download ArticleDeterminants of International Market Entry Mode and Channel Decisions: The Case of Indian Firms
Sanjay K. Jain
Volume 20, Issue 2 (July 1999 to December 1999)Abstract
Download Article"Financing Co-operative Sugar Factories in India"
G.L. Sharma
Volume 4, Issue 1 and 2 (January 1971 to August 1971)Abstract
Download ArticleMonopolies and Their Ramifications (The New Legal Perspective)
Navin Chandra Joshi
Volume 3, Issue 1 (January 1970 to April 1970)Abstract
Download ArticleRisk Management in Foundry Industry
D. N. S. Kumar and Rekha Arunkumar
Volume 24, Issue 2 (July 2003 to December 2003)Abstract
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