... Thankom Arun is Professor at the Lancashire Business School, The University of Central Lancas... more ... Thankom Arun is Professor at the Lancashire Business School, The University of Central Lancashire, Preston, UK 1 The authors are grateful to the Nuffield Foundation for funding this research and to PlanetKerala and Shreyas for research assistance. ...
International Journal of Public Administration, 2011
This article explores to what extent decentralized structures can contribute to asset accumulatio... more This article explores to what extent decentralized structures can contribute to asset accumulation among disadvantaged groups, and improving livelihood choices. The process of asset accumulation is tied to the wider context of participatory institutions and opportunities within which social actors can transform assets into meaningful livelihood outcomes. Given its level of social development and civil society in the Indian state of Kerala, the Kudumbashree Initiative, an innovative community-based, decentralized participatory structure aims to build meaningful forms of assets at grassroots levels. Such participatory public action, based on social relationships as well as the combined efforts of the state and grassroots community organizations may provide valuable lessons for developing asset accumulation strategies.
This paper investigates the influence of firm-level corporate governance on the capital structure... more This paper investigates the influence of firm-level corporate governance on the capital structure pattern of non-financial listed firms, using a case study of Bangladesh. The agency theory suggests that better corporate governance will reduce agency costs and improve investor confidence, which in turn will enhance the ability of a firm to gain access to equity finance, reducing dependence on debt finance. Conversely, the controlling shareholders of poorly governed firms are likely to prefer debt, in order to retain absolute ownership and control rights. The OLS regression framework uses a questionnaire-survey based Corporate Governance Index (CGI). The study results seem to support agency theory, with a statistically significant inverse relationship between corporate governance quality and the total as well as long-term debt ratios.
Research in International Business and Finance, 2011
The paper investigates the influence of concentrated shareholding, boardroom politics and interes... more The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and ...
This paper highlights the corporate governance of financial institutions with particular referenc... more This paper highlights the corporate governance of financial institutions with particular reference to the banking sector of Bangladesh. The importance of the corporate governance of banks remains crucial, given their contribution in economic growth through financial development. This ...
This paper highlights the corporate governance of financial institutions with particular referenc... more This paper highlights the corporate governance of financial institutions with particular reference to the banking sector of Bangladesh. The importance of the corporate governance of banks remains crucial, given their contribution in economic growth through financial development. This ...
This paper investigates the remittance behaviour of the South Asian community using new data from... more This paper investigates the remittance behaviour of the South Asian community using new data from Indian, Pakistani and Bangladeshi households in Manchester. The findings show that standard variables such as income, employment, education, linkages to the home country and host country are important determinants of remittances. Although remittances are sent mainly for consumption purposes, those sent for land acquisition and savings have stronger association with the amount of remittances. In addition, we find strong evidence for the remittance decay hypothesis for Indian and Pakistani migrants, but not for Bangladeshi migrants.
... Thankom Arun is Professor at the Lancashire Business School, The University of Central Lancas... more ... Thankom Arun is Professor at the Lancashire Business School, The University of Central Lancashire, Preston, UK 1 The authors are grateful to the Nuffield Foundation for funding this research and to PlanetKerala and Shreyas for research assistance. ...
International Journal of Public Administration, 2011
This article explores to what extent decentralized structures can contribute to asset accumulatio... more This article explores to what extent decentralized structures can contribute to asset accumulation among disadvantaged groups, and improving livelihood choices. The process of asset accumulation is tied to the wider context of participatory institutions and opportunities within which social actors can transform assets into meaningful livelihood outcomes. Given its level of social development and civil society in the Indian state of Kerala, the Kudumbashree Initiative, an innovative community-based, decentralized participatory structure aims to build meaningful forms of assets at grassroots levels. Such participatory public action, based on social relationships as well as the combined efforts of the state and grassroots community organizations may provide valuable lessons for developing asset accumulation strategies.
This paper investigates the influence of firm-level corporate governance on the capital structure... more This paper investigates the influence of firm-level corporate governance on the capital structure pattern of non-financial listed firms, using a case study of Bangladesh. The agency theory suggests that better corporate governance will reduce agency costs and improve investor confidence, which in turn will enhance the ability of a firm to gain access to equity finance, reducing dependence on debt finance. Conversely, the controlling shareholders of poorly governed firms are likely to prefer debt, in order to retain absolute ownership and control rights. The OLS regression framework uses a questionnaire-survey based Corporate Governance Index (CGI). The study results seem to support agency theory, with a statistically significant inverse relationship between corporate governance quality and the total as well as long-term debt ratios.
Research in International Business and Finance, 2011
The paper investigates the influence of concentrated shareholding, boardroom politics and interes... more The paper investigates the influence of concentrated shareholding, boardroom politics and interest group politics in the quality of corporate governance in listed firms. It finds that the controlling shareholders exert influence in boardroom politics through family-aligned board and ...
This paper highlights the corporate governance of financial institutions with particular referenc... more This paper highlights the corporate governance of financial institutions with particular reference to the banking sector of Bangladesh. The importance of the corporate governance of banks remains crucial, given their contribution in economic growth through financial development. This ...
This paper highlights the corporate governance of financial institutions with particular referenc... more This paper highlights the corporate governance of financial institutions with particular reference to the banking sector of Bangladesh. The importance of the corporate governance of banks remains crucial, given their contribution in economic growth through financial development. This ...
This paper investigates the remittance behaviour of the South Asian community using new data from... more This paper investigates the remittance behaviour of the South Asian community using new data from Indian, Pakistani and Bangladeshi households in Manchester. The findings show that standard variables such as income, employment, education, linkages to the home country and host country are important determinants of remittances. Although remittances are sent mainly for consumption purposes, those sent for land acquisition and savings have stronger association with the amount of remittances. In addition, we find strong evidence for the remittance decay hypothesis for Indian and Pakistani migrants, but not for Bangladeshi migrants.
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