The purpose of this paper is to examine propping and tunnelling in group firms which have booked losses and performed badly in past years. We offer partial explanation to the group survival puzzle; that under institutional motivations such as avoidance of delisting and refinancing risks, group...

The evidence that risk governance predicts market value of banks is very limited in the Indian context. Also, the bank – firm relationship is in news in recent. We present evidence that banking reforms activities made the large banks more profitable as compared to small banks. In this study of...