Do Shareholder Activism Effect Corporate Governance and Related Party Transactions: Evidences from India?

Q3 Business, Management and Accounting

Indian Journal of Corporate Governance Pub Date : 2020-12-01 DOI:10.1177/0974686220966810

A. Islam

引用次数: 8

Abstract

The study investigates the relationship between corporate governance performance, related party transactions and shareholder activism among listed firms in India. The study provides valuable insights into the impact of shareholder activism on corporate governance performance (CGP) and the occurrence of related party transactions (RPTs). Results infer a significant difference in overall CGP between the firms subjected to shareholder activism and firms not subjected to shareholder activism. The study proposes significant evidence on the close monitoring of the governance practices of the firm by activists’ investor and they respond immediately to any evidence of poor governance practice of the firm. A significant difference was found in the amount of sales to RP prior to the incidence of SA than the post incidence of SA for the firms subjected to SA. However, no such difference was found with respect to other major components of RP.

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股东维权主义对公司治理和关联方交易的影响:来自印度的证据?

本研究调查了印度上市公司的公司治理绩效、关联交易和股东积极性之间的关系。该研究为股东激进主义对公司治理绩效（CGP）和关联方交易（RPT）发生的影响提供了有价值的见解。结果表明，受股东激进主义影响的企业和未受股东激进主义影响的公司在整体CGP方面存在显著差异。该研究提出了积极分子投资者密切监控公司治理实践的重要证据，他们会立即对公司治理实践不佳的任何证据作出回应。SA发生前RP的销售额与SA发生后RP的销售额存在显著差异。然而，RP的其他主要组成部分没有发现这种差异。

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

Indian Journal of Corporate Governance Business, Management and Accounting-Business and International Management

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Indian Journal of Corporate Governance is a bi-annual refereed journal that provides a forum for discussions and exchanging views on a wide range of corporate governance issues ranging from board practices, independent directors, whistle blower policies and shareholder activism on one hand to media’s role in corporate governance, corporate social responsibility and sustainability reporting on the other. It comprises of research articles, concept papers, case studies and reports providing a blend of theory and practices of corporate governance globally to cater to the interests of practitioners, academics, researchers and policy makers.