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in their respective settings, (b) systemic nature of their ailments, (c) institutional and
organisational contingency theory of corporate governance and (d) the theory of articulation
(upward delegation) of decision making.The model of articulation of governance for the MSME
sector (MAG_MSME) developed in the article provides for sharing of the costs and responsibility
of governance by the participants in the articulation. Besides, it also addresses to the
firm-level antecedents of governance and examines the roles of the entrepreneurs and their
families in the MSME governance.
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