组织资本价值：市场竞争与集团关系重要吗？

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-12 DOI:10.1016/j.frl.2025.107964

Akanksha Saxena, Smita Mazumdar, Himanshu Seth

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引用次数: 0

摘要

本研究检视2002年至2023年印度上市公司组织资本在提升公司价值中的作用。我们在市场竞争和企业集团隶属关系的背景下研究这种关系。结果表明，组织资本对企业价值有显著的正向影响，特别是对于面临激烈市场竞争和隶属于企业集团的企业。我们通过进行各种稳健性测试来解决潜在的内生性和选择偏差问题。本文的研究结果为如何利用组织资本实现更高的企业价值提供了新的见解，并为决策者和管理者加强组织资本的作用提供了实证证据。

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Value of organization capital: Does market competition and group affiliation matter?

This study examines the role of organization capital in enhancing firm value among Indian listed firms from 2002 to 2023. We investigate this relationship in the context of market competition and business group affiliation. Results indicate a significant positive impact of organization capital on firm value, particularly for firms facing high market competition and affiliated with business groups. We address potential endogeneity and selection bias issues by conducting various robustness tests. Our findings offer novel insights into leveraging organization capital to attain higher firm value and provide empirical evidence to policymakers and managers to strengthen the role of organization capital.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance