Indian Business Groups and Other Corporations

Achin Chakraborty is a Professor of Economics at the Institute of Development Studies Kolkata (IDSK). He was earlier at the Centre for Development Studies, Thiruvananthapuram. He received Ph.D. in Economics from the University of California at Riverside, USA. He has published widely in such journals as Economic Theory, BMJ Global Health, Social Indicators Research, Economics Bulletin, Journal of Quantitative Economics. He jointly authored the book 'Limits of Bargaining: Capital, Labour, and the State in Contemporary India' (2019) and co-edited three books-'The Land Question in India: State, Dispossession and Capitalist Transition' (2017), 'Changing Contexts and Shifting Roles of the Indian State' (2019) and 'Capital' in the East (2019), with the latter being translated in German as well.
Indrani Chakraborty is a Professor of Economics and currently the Director of the Institute of Development Studies Kolkata. She was formerly at the Centre for Development Studies, Thiruvananthapuram. She received Ph.D. in Economics from the University of Calcutta and is a recipient of CICOPS scholarship and Liverpool-India Fellowship to work at University of Pavia and University of Liverpool Management School, respectively. She has published widely in reputed journals and contributed to many book volumes on the impact of capital in ows, the role of financial development on economic growth, capital structure of corporate firms, impact of reforms on firms' performance, impact of mergers and acquisitions on firm performance and so on. She authored 'Exploring What Drives Indian Stock Market During Covid-19: Fads or Fundamentals' (2023) and co-edited 'Market, Regulations and Finance: Global Meltdown and the Indian Economy' (2014).

This book contributes to growing literature on the role of business groups in the development of corporate sector and contains perspectives from the Indian economy. It brings together an array of well-researched papers that provide a comprehensive understanding of evolution and nature of the Indian business groups, as well as various aspects of their functioning. All chapters are primarily empirical, use appropriate quantitative techniques and are strongly grounded in relevant theories. This fine combination of data, techniques and theories is expected to provide the reader with in-depth understanding of the complex structures and behaviour of firms affiliated to business groups. Readers interested in the Indian corporate sector, especially Indian business groups, will find the book useful.

Contains chapters dealing in behavior of Indian business groups in comparison with stand-alone entities

Chapter 1: Introduction.- Chapter 2: The Regime of Capital Accumulation, the Hindu Undivided Family and the Business Group in Independent India.- Chapter 3: Corporate Response to Public Policy Changes: Some Intriguing Aspects.- Chapter 4: Ownership Control and Board Governance of Indian Business Groups: Continuity or Change?.- Chapter 5: The Multi-Entity Structure and Control in Business Groups