Vijay Kumar Kaul

University of Delhi | DU · Department of Business Economics

Reliance Industries is one of the several companies operating in India that have grown big and are successful. Some of such companies are ITC, Tata Steel, Tata Motors, ONGC, L&T, Infosys and Bharti Airtel. In addition to these big companies, there are a large number of small and medium-size enterprises that employ a large number of people in the co...

The ongoing US-China trade war, sanctions imposed by the US, arrest of the Huawei Director (daughter of founder) in Canada, Russia capturing and destroying Ukrainian ships in Kerch Strait, the turmoil in the Middle-East, Venezuela regime change and the collapse of its economy are some of the recent happening in global power politics and economy. Mo...

Economic growth fueled by the extensive utilization of natural resources and usage of fossil fuels has inflicted severe damage on the environment and resulted in climatic changes, weather extremes, increased temperatures etc. Economies all over the world are facing a tradeoff between achieving high economic growth and mitigating climate change. As...

The world is witnessing a paradigm shift in terms of its power structure and structural equations as a result of the emergence of countries like China and other strong Asian economies which are competing with the present order of power and prevalence Western Dominance. The stalemate in the WTO's Doha negotiation and the uprising of mega regional an...

Festivals have been celebrated in India across centuries. Religious festivals like Diwali, Dussehra, Eid, Christmas, etc. bear symbolism and are rooted in the mythologies of their respective faiths, and are observed with specific rituals and celebrations. Most of these celebrations customarily use bright lights and firecrackers. The celebration of...

The world system consisting of the global -economy, -business and -politics is shifting once again in the 21st century. The shift is associated with two major trends: first, advancement and combination of several technological developments in numerous areas such as digitalisation, artificial intelligence, robotics, nano and biotechnology, 3D printi...

The Bay of Bengal and Andaman Sea (BoBAS) rim countries comprising of India, Indonesia, Bangladesh, Thailand, Myanmar, Sri Lanka, Malaysia and Singapore is a group that has the potential to emerge as one of the fastest growing regions in Asia and the world. These countries are tied together with a multitude of factors such as history, culture, demo...

All over the world economic activities are being increasingly organized by corporate entities, as governments are withdrawing from economic and welfare activities. Enterprises have become dominant players in all countries despite having variations in their institutional governance systems. The economic resources and technology owned and managed by...

India is a multilinguial, multireligious, and multi-caste country and has been a dominant player in the world system and part of the global economy for ages. Its civilizational past has been shaped and has evolved through a number of events, crises, people, and communities. It has not been an isolated country at any point of time, as there has been...

On July 1, 2015, Indian Prime Minister inaugurated Digital India week. Digital technologies or Digitalization is the latest wave of innovation that is connecting people, products and services. Digitalization is a result of converging of Information technology, telecommunication, internet and other related technologies. This is a part of the technol...

Diversity in India gives rise to different challenges that can be met by offering diverse solutions in terms of products, services and their delivery systems. Businesses are using this diversity to develop products, services and supply chains that leverage the diversity of talents and capabilities in a virtuous cycle of innovation. One of the key f...

All over the world the economic activities are being increasingly organized by corporate entities, as Governments, lacking resources, are seen withdrawing from economic and welfare activities. Enterprises have become dominant economic and political players in all the countries despite having variation in their institutional governance systems. Thes...

India has witnessed significant change and dramatic shift in its economic and business environment over the last six decades. Its’ economy has become more open, liberalized and globalized from restrictive era of 1960’s and 1970’s. The relationship between state and business has also undergone significant change. The nature of Government and governa...

A number of studies have analysed the relationship between corporate governance mechanisms and firm performance but those have primarily been in the context of Western countries. In this paper, we examine the relationship between four corporate governance mechanisms such as: a) size of board; b) composition of board; c) board activity; d) CEO duali...

Prior studies using an index of corporate governance to explore the relationship between corporate governance and firm performance have found a positive linkage between the two i.e. better governed firms exhibit better financial performance. Following the seminal work of Gompers, Ishii, and Metrick (2003) of creating a corporate governance index to...

Reliance Industries is one of the several companies operating in India that have grown big and are successful.Some of such companies are ITC, Tata Steel, Tata Motors, ONGC, L&T, Infosys and BhartiAirtel. In addition to these big companies, there are a large number of small and medium-size enterprisesthat employ a large number of people in the count...

The presence and competitiveness of industrial clusters has been recognized as a source of job growth, industrial productivity, innovation and regional competitiveness. This paper is an attempt to examine this issue and identify the measures to convert Indian clusters into globally competitive clusters. First, the paper discusses the clusters, thei...

The stellar performance of India's information technology sector has been acclaimed worldwide. Although India's export success in IT is widely attributed to its human capital, it is not clear whether this has also been accompanied by industry-wide innovation. This paper explores the innovative behaviour of firms in the IT sector. Although substanti...

Indian chemical industry, traditionally insulated from rest of the world, of late has been exposed to global competition. The paper examines its coping strategies and sectoral innovation system: industry’s evolution, major characteristics, policy and institutional framework, and its competitive edge in the global chemical industry. It prescribes so...

This paper develops a framework which suggests that the decision to diversify is influenced by four factors, viz., environmental, organizational, performance, and ownership. These factors influence the deployment of resources over a period thereby creating ‘specific assets’ that, in turn, along with these factors will determine the extent of divers...

High-tech enterprises operate in a dynamic and complex environment. To be successful, these enterprises need to develop and build dynamic capabilities to respond to and shape changes in their environment. In other words, they require continuous improvement and innovation. For innovation, these enterprises need to focus on continuous learning to cre...

Globalisation and WTO have adversely influenced small enterprises, especially in the developing countries. The promotion and protection of such enterprises by the public policy of providing reservation and subsidy etc have lost their relevance. It has raised questions relating to survival and competitiveness of small enterprises. The paper argues t...

A shift is taking place in the Indian economy and the environment is becoming more competitive. To survive and grow in such an environment, Indian firms need to change their strategic posture. This paper aims at investigating as to how Indian firms have responded to such changes. The result of the study shows that the firms have realized that the I...