India was passing through difficult times on various fronts like Economic, Political and External sector in late 1980's. Rupee was pegged with a basket of currencies and exchange rate of rupee with foreign currencies was highly regulated by RBI. Rupee was devaluated several times on the...

Heterogeneity in ownership structures is an important explanation for differences in corporate strategy and performance: even within the same institutional and legal contest, firms competing in the same industries, with comparable assets and operating scale might present different ownership...