This paper seeks to shed light on certain major aspects of public policy and the performance of business enterprises in India. First, it highlights the effectiveness of the public policies pursued and their asymmetric effects on corporate governance and performance of multinational and local enterprises in India. Second, it suggests that the so called ‘threat’ of large scale disruption of local...

A recent paper by Kraay (2003) documents the lack of any systematic association between monetary policy and the outcome of a speculative attack. This paper extends Kraay’s work by introducing an improved measure of monetary policy and an additional country-specific fundamental, short-term corporate debt, to capture balance sheet vulnerabilities emphasized by the recent currency crises literatur...

This paper studies the impact of corporate tax policy on the economy in the presence of both convex and nonconvex capital adjustment costs in a dynamic general equilibrium model. We show that corporate tax policy generates both intensive and extensive margin effects via the channel of marginal Q. Its impact is determined largely by the strength of the extensive margin effect, which in turn depe...

We examine the effect of corporate governance on the use of dividends and repurchases, composition of payout, and inclusion of a pre-commitment feature in the payout policy. We find that dividend payout is decreasing in governance quality. Corporate governance has a mixed effect on repurchases: good external governance prompts managers to repurchase more and to use repurchases as the only form ...

Corporate and social responsibility are continuously competing to share a common platform to address a new form of green consumerism that the eco-educated millennial generation can appreciate. Green marketing acts as bridge connecting the corporate, environment and consumers. Business organizations have begun to respond to social expectations of consumers by opting for holistic environmental st...

Recent developments in health care are strikingly congruent with a Marxist paradigm. For many years small scale owner producers (physicians) dominated medicine, and the corporate class supported the expansion of services. As health care expanded, corporate involvement in the direct provision of services emerged. This involvement is reflected not only in the rise of for-profit providers, but als...

The present study analyzes the results of 2001 survey of 81 CFOs of bt-500 companies and her most valuable PSUs in India to find out the determinants of the dividend policy decisions of the corporate India. It uses factor analytic framework on the CFOs' responses to capture the determinants of the dividend policy of corporate India. Most of the firms have target dividend payout ratio and divide...

Firewalls are core elements in network security, the effectiveness of firewall security is dependent on configuring the firewall policy correctly. A firewall policy describes the access that will be permitted or denied from the trusted network. In a corporate network several firewalls are setup and administrated by different individuals. The consistency between those firewall policies is crucia...

This paper examines interlocks among the governing boards of 12 leading policyplanning organizations and changes in the structure of this network between 1973 and 2000. Methods of multidimensional scaling and hierarchical clustering are used to construct topographical maps of the pattern of interlocks among policy-planning groups and their change over time. In contrast to the findings on corpor...