Caussat, Paul ORCID: 0000-0003-4638-3476 (2017) Competing for public acquaintances: The case of of the Reliance group in India. The Changing Face of Corruption in the Asia Pacific: Current Perspectives and Future Challenges. Elsevier, pp. 209-219. ISBN 978-0-08-101109-6 (doi:https://doi.org/10.1016/B978-0-08-101109-6.00013-7)

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Abstract

Economic liberalization in India has opened plenty of new opportunities for business groups. This study investigates the case of Reliance, a fast-growing leading private company that has been able to build its success upon pre-reform political and financial connections. Corruption here is described as a system of widespread privileged acquaintances enabling companies to be granted favors, and represents the backbone of Reliance’s business model as well as its corporate governance. I argue that Reliance may lose ground in the long run as its reputation deteriorates and its network strategy plays unfavorably in a context of increased assertiveness of public institutions. Modernization of corporate governance is key to the survival of Indian business groups

Item Type:	Book Section
Uncontrolled Keywords:	Non-market strategy; institution; economic liberalization; business group; acquaintances; crony capitalism; India
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics
Last Modified:	29 May 2019 07:58
URI:	http://gala.gre.ac.uk/id/eprint/18733

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