Internationalization and Corporate Governance of Indian Family Owned Business Groups

Abstract

Purpose: The purpose of this paper is to study the relationship between corporate governance practices and Internationalization in the context of family-owned business groups in India.

Design: Comparative case study method is used to understand the above-said relationship using four family-owned business groups in India.

Findings: The ownership concentration negatively influences the internationalization. Overall, good corporate governance practices have a positive influence on group internationalization.

Research implications: This paper provides detailed discussions based on the case study research which would help the future research work on the relationship between corporate governance practices and internationalization.

Originality/value: The existing literature in this field in the context of emerging markets are inconclusive. Hence this paper uses the case study method to understand the relationship better.

Keywords: Corporate Governance, Internationalization, Business Groups, India, Family Business

JEL Classification: M16, F23, G34, G18