Advances In Management

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Advances In Management






Vol. 9(1) January 2016

Value based Healthcare

Wilson Hillary, Gole Justin, Mishra Bharat and Mishra Jitendra

Healthcare needs a new agenda, a value agenda. On the to do list: achieve the best outcomes, do it with minimal cost and do not sacrifice quality. This paper discusses value-based healthcare and analyzes the current progress of this idea. It is found that many healthcare providers have already moved to a value-based set of procedures and the rest of the U.S. healthcare system will soon follow.

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Corporate Governance and Firm’s Performance during Subprime Crisis: Evidence from Indian firms

Singh Mohinder and Kumar Sanjeev

In the recent years the attention and interest in corporate governance has increased especially with the collapses of economies both developed as well as developing and series of corporate scandals. These collapses and scandals raised doubts in the minds of investors about the credibility of regulators and their competence to make efficient capital market. In India, corporate governance gained movement after the capital markets frauds in early nineties and opening of Indian Economy. During subprime crisis many corporations collapsed due to poor governance. In this paper an attempt has been made to examine the role of governance and capital structure of Indian listed firms on their financial performance during subprime crisis. Based on the annual reports of 121 BSE listed companies, the study observed that recent financial crisis has affected the performance of Indian companies. Firms with higher level of board activism perform better during crisis. Firms with higher disclosure standards, effective audit committee and well protected rights of minority shareholders have performed well during study period. The results also support the resource dependency theory and found positive association between foreign ownership holding and firm performance and supporting the view that greater exposure to the external environment improves access to large resources at competitive costs and thus positively affects firm’s performance. The perception that powerful board structure has positive impact on firm’s performance has not been supported in this study. Further, widely held firms have not performed well during study period as compared to concentrated companies.

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