Competition and Ownership Concentration: Exotic Tools for corporate governance in Firms

Competition and Ownership Concentration: Exotic Tools for corporate governance in Firms
Author(s):
Saumya Singh, Dr. Shailesh Rastogi
Keywords:
Competition; Corporate Governance; Ownership Concentration; Firms; Agency problems
Abstract
Both competition and ownership concentration (OC) plays an important role in determining the better performance of the firms. Corporate Governance (CG) is an abstract concept that calls for better coordination among all stakeholders. The conflict between any two stakeholders (Type I) or among one kind of stakeholder (Type II) is called an agency problem. CG is meant to reduce it and lead to better governance of the firms and better performance, as can be vouched globally. Competition is an extraneous factor, and OC is an endogenous factor. Hence, it is justified to call them exotic tools for corporate governance in a firm.
Article Details
Unique Paper ID: 160468 Publication Volume & Issue: Volume 10, Issue 1 Page(s): 484 - 493
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