Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India

Global Journal of Flexible Systems Management, 2016

22 Pages Posted: 6 May 2016 Last revised: 12 Sep 2016

See all articles by Arunima Haldar

Arunima Haldar

S.P. Jain Institute of Management and Research

S.V.D. Nageswara Rao

Indian Institute of Technology (IIT), Bombay - Shailesh J. Mehta School of Management (SJM)

Kirankumar Momaya

Indian Institute of Technology, Bombay (IITB); SJMSOM

Date Written: May 11, 2016

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

JEL Classification: G34, F14

Suggested Citation

Haldar, Arunima and Nageswara Rao, S. V. D. and Momaya, Kirankumar, Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India (May 11, 2016). Global Journal of Flexible Systems Management, 2016 , Available at SSRN: https://ssrn.com/abstract=2776522

Arunima Haldar (Contact Author)

S.P. Jain Institute of Management and Research ( email )

Munshi Nagar, Dadabhai Road
Andheri West
Mumbai, Maharashtra 119579
India

S. V. D. Nageswara Rao

Indian Institute of Technology (IIT), Bombay - Shailesh J. Mehta School of Management (SJM) ( email )

Powai
Mumbai 400076
India
91-22-25767789 (Phone)
91-22-25722872 (Fax)

Kirankumar Momaya

Indian Institute of Technology, Bombay (IITB) ( email )

Mumbai, Maharashtra 400 076
India

HOME PAGE: http://www.som.iitb.ac.in/joomla/index.php?option=com_content&task=view&id=140&Itemid=578

SJMSOM ( email )

Powai
Mumbai, Maharashtra 400076
India

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