Director networks and firm performance: the case of IndiaTools Tran, Thi Ngoc Vy (2019) Director networks and firm performance: the case of India. PhD thesis, University of Nottingham.
AbstractThis thesis examines the impact of director networks on corporate strategic decisions, and consists of three main studies. The first and the second investigate the influence of director networks on M&A short-term and long-term performance, respectively, using a sample of large Indian firms from the BSE 500 and CNX 500 indices from 2000 to 2014. Specifically, the key focus of the first two studies is whether the continuity of director networks affects the performance of bidding firms, and whether independent director networks matter to M&A short-term and long-term performance. Consistent with the market reaction to connected deals at the announcement date, the study shows a negative association between bidding firms’ operating performance following M&A transactions in which bidders and targets are connected through shared directors.
Actions (Archive Staff Only)
|