Impact of Shareholders’ Activism on the Performance of Banks in India: A Panel Data Application

Q2 Business, Management and Accounting

Business Perspectives and Research Pub Date : 2023-02-01 DOI:10.1177/22785337221148582

Shailesh Rastogi, Kuldeep Singh, Jagjeevan Kanoujiya

引用次数: 0

Abstract

There is a widespread uncertainty regarding the usefulness of shareholder activism (SA) as a part of corporate governance for firms and banks. SA has wide acceptance across the board among all the stakeholders’ participation. Since banks are the backbone of any economy, any endeavor (support to SA) creating difficulty may boomerang. Such actions do more harm than good; therefore, it is imperative to determine whether SA is beneficial to the banks or not. In this study, the SA index is built for Indian banks. The data relating to bank performance and valuation is gathered for 2016–2019. Panel data econometrics is applied to determine the impact of SA on banks performance. Results reveal that SA impacts bank performance. Furthermore, transparency and disclosure significantly moderates the association of SA with the performance. However, SA is not impacting bank valuation. It is a unique study of its kind to provide insights on SA for the banking sector.

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股东维权对印度银行绩效的影响:面板数据应用

股东激进主义（SA）作为公司和银行治理的一部分，其有用性存在广泛的不确定性。SA在所有利益相关者的参与中得到了广泛的认可。由于银行是任何经济体的支柱，任何制造困难的努力（支持南非）都可能适得其反。这种行为弊大于利；因此，必须确定SA是否对银行有利。在本研究中，SA指数是为印度银行建立的。与银行业绩和估值相关的数据收集于2016年至2019年。应用面板数据计量经济学来确定SA对银行绩效的影响。结果显示SA影响银行绩效。此外，透明度和披露显著调节SA与绩效的关联。然而，SA并未影响银行估值。这是一项独特的研究，旨在为银行业提供SA方面的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Perspectives and Research Business, Management and Accounting-Business and International Management

CiteScore

5.00

自引率

0.00%

发文量

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