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Moody's Global Credit Research13 page (6590 word) report
published Oct 19, 2007
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...Family-controlled firms often have specific characteristics. Their strengths can include a long-term management perspective and a cautious approach to risk to avoid destroying family wealth as well as an ability to act quickly. However, family control can also raise specific corporate governance concerns in areas including adaptability, leadership transition, checks and balances and transparency. Family companies dominate India s corporate landscape. Moody s and ICRA have surveyed certain corporate governance practices of ## Indian companies in ## prominent family groups, covering a broa d cross-section of Indian industry. These companies have responded well to the opportunities available in the fast- growing and liberalizing economy of mo dern India. However, the lack of a meaningful control group of non-fami ly controlled companies means that the survey has not been able to draw conclusions on how the family controlled- business model in India compares against one based...
Report Type: Special Comment
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Moody's Global Credit ResearchMoody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.