Research updates Innovation
The Functioning of Dynamic Capabilities: Explaining the Role of Organizational Innovativeness and Culture

Innovation

The Functioning of Dynamic Capabilities: Explaining the Role of Organizational Innovativeness and Culture

Somonnoy Ghosh

Using the knowledge-based view of the firm, dynamic capability literature and known dimensions of organizational innovativeness (OI), this article develops two testable models that attempt to explain: (1) how innovativeness functions as a source of capability dynamization and (2) how organizational culture (OC) critically determines this function of innovativeness. The study uses a cross-sectional design and maximum variation sampling to identify organizations from the population of formal Indian busines...

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DHFL Meltdown: The Corporate Governance Lapses

Business Communications

DHFL Meltdown: The Corporate Governance Lapses

Daitri Tiwary

India’s non-banking financial institutions (NBFIs), broadly constituting the less-regulated shadow banking sector, have been plagued with scams, triggering a domino effect in the Indian money market. Major corporate governance issues were highlighted in NBFIs with the unfurling of the ILF&S fraud; it virtually created a sub-prime crisis. In such a scenario, where the shadow banking sector was subject to change in regulations to ensure vigilance, corporate governance lapses had again led to the meltdown...

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