Ownership pattern and its impact on board structure and CEO-chairman role duality in pharmaceutical companies in India

Kalashree and Rajashekar, H. (2014) Ownership pattern and its impact on board structure and CEO-chairman role duality in pharmaceutical companies in India. Asian Journal of Research in Business Economics and Management, 4 (12). ISSN 2249-7307

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Official URL: http://doi.org/10.5958/2249-7307.2014.01012.3

Abstract

Indian corporate sector is predominantly characterized by family and controlled ownership, restricting scope for minority shareholders activism. BOD and CEO- Chairman role separation are the important mechanisms governing the company practices. Previous studies in countries like China and India shown mixed results about the impact of ownership structure on above mentioned governance mechanisms. These mechanisms help to ensure transparency and fairness in the way company managed. This paper made an attempt to study the interaction between ownership structure (specifically promoters), board's attributes and CEO-Chairman role duality in the context of pharmaceutical industry in India. It is found that, shareholding is concentrated in the hands of the promoters and this has low to moderate relationship with size of the board. However, concentration of ownership in the hands of promoters has significant inverse relationship with independent directors on the board.

Item Type: Article
Uncontrolled Keywords: Ownership Pattern and Board Structure and CEO-Chairman Role Duality and Agency Theory and Governance Practices and Pharmaceutical Industry and Independent Directors
Subjects: G Commerce > Commerce
Divisions: Department of > Commerce
Depositing User: Shrirekha N
Date Deposited: 26 Sep 2019 07:11
Last Modified: 26 Sep 2019 07:11
URI: http://eprints.uni-mysore.ac.in/id/eprint/8541

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