{"id":"https://openalex.org/W2944396705","doi":"https://doi.org/10.1177/0971890719844422","title":"Concentrated Promoters\u2019 Ownership and Firm Value: Re-examining the Monitoring and Expropriation Hypothesis","display_name":"Concentrated Promoters\u2019 Ownership and Firm Value: Re-examining the Monitoring and Expropriation Hypothesis","publication_year":2019,"publication_date":"2019-05-06","ids":{"openalex":"https://openalex.org/W2944396705","doi":"https://doi.org/10.1177/0971890719844422","mag":"2944396705"},"language":"en","primary_location":{"id":"doi:10.1177/0971890719844422","doi":"https://doi.org/10.1177/0971890719844422","is_oa":false,"landing_page_url":"https://doi.org/10.1177/0971890719844422","pdf_url":null,"source":{"id":"https://openalex.org/S4210197667","display_name":"Paradigm A Management Research Journal","issn_l":"0971-8907","issn":["0971-8907","2394-6083"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Paradigm: A Management Research Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052723451","display_name":"Krishna Dayal Pandey","orcid":"https://orcid.org/0000-0002-6353-5710","observed_orcids":["https://orcid.org/0000-0002-6353-5710"]},"institutions":[{"id":"https://openalex.org/I41549804","display_name":"Vidyasagar University","ror":"https://ror.org/027jsza11","country_code":"IN","type":"education","lineage":["https://openalex.org/I41549804"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Krishna Dayal Pandey","raw_affiliation_strings":["Department of Business Administration, Vidyasagar University, Midnapore, West Bengal, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Business Administration, Vidyasagar University, Midnapore, West Bengal, India","institution_ids":["https://openalex.org/I41549804"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046936897","display_name":"Tarak Nath Sahu","orcid":"https://orcid.org/0000-0001-8017-0728","observed_orcids":["https://orcid.org/0000-0001-8017-0728"]},"institutions":[{"id":"https://openalex.org/I41549804","display_name":"Vidyasagar University","ror":"https://ror.org/027jsza11","country_code":"IN","type":"education","lineage":["https://openalex.org/I41549804"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Tarak Nath Sahu","raw_affiliation_strings":["Department of Commerce with Farm Management, Vidyasagar University, Midnapore, West Bengal, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Commerce with Farm Management, Vidyasagar University, Midnapore, West Bengal, India","institution_ids":["https://openalex.org/I41549804"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5052723451"],"corresponding_institution_ids":["https://openalex.org/I41549804"],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":6.3781,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.95843815,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"23","issue":"1","first_page":"70","last_page":"82"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/ownership-concentration","display_name":"ownership concentration","score":0.7730000019073486},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9670000076293945},{"id":"https://openalex.org/keywords/monitoring-hypothesis","display_name":"monitoring hypothesis","score":0.9020000100135803},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.7200000286102295},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.8220000267028809},{"id":"https://openalex.org/keywords/bombay-stock-exchange","display_name":"Bombay Stock Exchange","score":0.8330000042915344},{"id":"https://openalex.org/keywords/indian-listed-firms","display_name":"Indian listed companies","score":0.4449999928474426}],"concepts":[{"id":"https://openalex.org/C2780060422","wikidata":"https://www.wikidata.org/wiki/Q178564","display_name":"Expropriation","level":2,"score":0.9790929555892944},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6990014314651489},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.6398281455039978},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.6001887917518616},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.52958744764328},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5081558227539062},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4658789038658142},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.4130944609642029},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.40782320499420166},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.359863817691803},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3403284549713135},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31926125288009644},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2302384078502655},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.1574098765850067},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.13680815696716309},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10551890730857849},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08049154281616211},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1177/0971890719844422","doi":"https://doi.org/10.1177/0971890719844422","is_oa":false,"landing_page_url":"https://doi.org/10.1177/0971890719844422","pdf_url":null,"source":{"id":"https://openalex.org/S4210197667","display_name":"Paradigm A Management Research Journal","issn_l":"0971-8907","issn":["0971-8907","2394-6083"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310320017","host_organization_name":"SAGE Publishing","host_organization_lineage":["https://openalex.org/P4310320017"],"host_organization_lineage_names":["SAGE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Paradigm: A Management Research Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:sae:padigm:v:23:y:2019:i:1:p:70-82","doi":null,"is_oa":false,"landing_page_url":"https://journals.sagepub.com/doi/10.1177/0971890719844422","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":51,"referenced_works":["https://openalex.org/W9295706","https://openalex.org/W1538879513","https://openalex.org/W1587618508","https://openalex.org/W1606272114","https://openalex.org/W1939254743","https://openalex.org/W1975819524","https://openalex.org/W1975850970","https://openalex.org/W1981160460","https://openalex.org/W2001218442","https://openalex.org/W2005998587","https://openalex.org/W2021939706","https://openalex.org/W2035506393","https://openalex.org/W2048876830","https://openalex.org/W2067402622","https://openalex.org/W2069104059","https://openalex.org/W2108818539","https://openalex.org/W2109360003","https://openalex.org/W2112352537","https://openalex.org/W2112732683","https://openalex.org/W2117455041","https://openalex.org/W2120744852","https://openalex.org/W2129570543","https://openalex.org/W2131353996","https://openalex.org/W2135241016","https://openalex.org/W2136403094","https://openalex.org/W2139080050","https://openalex.org/W2146843086","https://openalex.org/W2162448899","https://openalex.org/W2164323143","https://openalex.org/W2165847498","https://openalex.org/W2171410679","https://openalex.org/W2291544483","https://openalex.org/W2313892607","https://openalex.org/W2404128012","https://openalex.org/W2607023317","https://openalex.org/W2620844866","https://openalex.org/W2671641588","https://openalex.org/W2735306585","https://openalex.org/W2752617332","https://openalex.org/W3121693921","https://openalex.org/W3122427749","https://openalex.org/W3122859634","https://openalex.org/W3123091495","https://openalex.org/W3123929882","https://openalex.org/W3124549859","https://openalex.org/W3141341243","https://openalex.org/W3142788634","https://openalex.org/W4229938819","https://openalex.org/W4249402188","https://openalex.org/W4253870801","https://openalex.org/W4298209999"],"related_works":["https://openalex.org/W4403872687","https://openalex.org/W4401488589","https://openalex.org/W3151794181","https://openalex.org/W3134077190","https://openalex.org/W2126402144","https://openalex.org/W2591078843","https://openalex.org/W4405208777","https://openalex.org/W1538879513","https://openalex.org/W2159569891","https://openalex.org/W3129130579"],"abstract_inverted_index":{"The":[0,71,137],"study":[1,72,138],"attempts":[2],"to":[3,59,141,157],"provide":[4],"some":[5],"fresh":[6],"evidences,":[7],"on":[8,51,81],"the":[9,32,82,90,100,111,118,128,149,167],"way":[10],"in":[11,145,148],"which":[12],"ownership":[13,35,80],"concentration":[14],"by":[15,20,94],"promoters":[16,123],"in\ufb02uences":[17],"\ufb01rm":[18],"value":[19,83],"re-examining":[21],"two":[22],"popularly":[23],"known":[24],"hypotheses,":[25],"namely,":[26],"monitoring":[27,91,106,132],"and":[28,61,88,107,133,154,156,169],"expropriation":[29,108],"attached":[30],"with":[31,110],"concept":[33],"of":[34,41,55,77,84,102,104,121,130,135,151,162,172],"concentration.":[36],"It":[37,97],"uses":[38],"a":[39,74,114,125,160],"set":[40],"strongly":[42],"balanced":[43],"panel":[44,68],"data":[45,69],"consisting":[46],"91":[47],"manufacturing":[48,86],"firms":[49,87],"listed":[50],"Bombay":[52],"Stock":[53],"Exchange":[54],"India":[56],"from":[57],"2009":[58],"2016":[60],"employs":[62],"fixed":[63],"effect":[64,76],"regression":[65],"model":[66],"under":[67],"analysis.":[70],"documents":[73],"positive":[75],"concentrated":[78],"promoters\u2019":[79],"Indian":[85],"endorses":[89],"role":[92],"played":[93],"large":[95,122],"owners.":[96],"also":[98],"accepts":[99],"possibility":[101],"co-existence":[103],"both":[105],"effects,":[109],"former":[112],"having":[113],"dominating":[115],"influence,":[116],"as":[117,159],"overall":[119],"impact":[120],"is":[124,139],"trade-off":[126],"between":[127],"benefits":[129],"active":[131],"cost":[134],"expropriation.":[136],"expected":[140],"have":[142],"important":[143],"implications":[144],"strategy":[146],"making":[147],"domain":[150],"corporate":[152],"finance":[153],"governance":[155],"act":[158],"piece":[161],"reliable":[163],"empirical":[164],"evidence":[165],"for":[166],"academicians":[168],"business":[170],"analysts":[171],"this":[173],"domain.":[174]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2019-05-16T00:00:00"}
