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Corporate Governance in Shreni System: Glimpses from Ancient India

In: FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION

Author

Listed:
  • Veenus Jain
  • Pallavi Mohanan

Abstract

Ancient India had several ways of governing exchange, such as gana, pani, puga, vrata, sangha, nigama, and Shreni, in addition to family- and privately-owned companies. The terms nigama, pani, and shreni are most frequently used to describe commercial associations of traders, artisans, and potentially even paramilitary organizations. The aim of this chapter is to elaborate on the distinct characteristics of corporate governance in ancient India, especially highlighting the Shreni system, which resembles the modern corporate.

Suggested Citation

  • Veenus Jain & Pallavi Mohanan, 2024. "Corporate Governance in Shreni System: Glimpses from Ancient India," World Scientific Book Chapters, in: Vipin Gupta & Samir Ranjan Chatterjee & Alka Maurya (ed.), FRESH PERSPECTIVES ON INDIA’S ORGANIZATIONAL DIMENSION, chapter 15, pages 275-290, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811296444_0015
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    More about this item

    Keywords

    Organizational Design; Performance; Organizational Learning; Digitisation; Organizational Structure; Organizational Change; Indian Organizations;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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