Ownership Structure, Related Party Transactions, and Firm Valuation

Auteur

Amrinder Khosa is Lecturer at the Business School, Monash University, Victoria. His research interests are accounting education, corporate governance in group-affiliated firms and related-party transactions.

Texte du rabat

Examines the effect of ownership structure and the disclosure of related party transactions on the firm valuation of group-affiliated firms in India.

Résumé
Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for expropriation of minority shareholders.

Contenu

List of tables; 1. Introduction; 2. The evolution of business groups, institutional framework in India and related party transactions; 3. Theory and literature review; 4. Hypotheses development; 5. Research methods; 6. Descriptive statistics; 7. Empirical results; 8. Additional tests; 9. Implications of the study and conclusion; Appendix 1. List of sample firms; Appendix 2. List of business groups; References; Index.