Related Faculty
Balagopal Vissa
Associate Professor of Entrepreneurship
Guoli Chen
Associate Professor of Strategy
Keywords
Networks; Embeddedness; Business Groups; India; Corporate Governance; Corporate Governance Across the World;
Working Papers
Modernizing without Westernizing: Social Structure and Economic Action in the Indian Financial Sector
Authors: Chen Guoli, Vissa Balagopal
In seeking to understand whether the transition by Asian countries to market
economies mirrors the path taken by the West, the authors ask how embedded network ties
between equity analysts and the CEOs of the firms they follow in India influence the
accuracy of analysts’ earnings forecasts. The authors contrast traditional institutions of caste
and regional language with contemporary institutions such as universities as the locus
for such ties.