Abstract
In this study, we investigate the relationship of board interlocks and related party transfer on the longevity of the Indian Family Business Group (FBG) affiliated firms. Additionally, we test the impact of external institutions on the firms’ survivability. We found that among the two subnational institutions, state-wise democracy-index, and state-wise corruption, the former affects the longevity of the domestic FBG affiliates negatively. Additionally, we found that propping up activity aids and the internal board interlocks reduces the propensity of divestiture. This study brings to the fore the economic logic of the firm where firm survival is explicated on both internal and external. institutional elements prevalent in the case of FBG firms.