Indian Journal of Corporate Governance最新文献

Family Versus External Block Holders’ Ownership and Firm Performance: Empirical Evidence from India 家族企业与外资企业的所有权和公司业绩：印度的经验证据

Indian Journal of Corporate Governance Pub Date : 2024-06-01 DOI: 10.1177/09746862241244927

Himani Chahal

引用次数: 0

How Do Female Directors Moderate the Effect of Family Control on Firm Value and Leverage? Evidence from Indonesia 女性董事如何调节家族控制对公司价值和杠杆率的影响？印度尼西亚的证据

Indian Journal of Corporate Governance Pub Date : 2024-04-22 DOI: 10.1177/09746862241240371

Rizqa Anita, Giri Suseno, Muhammad Rasyid Abdillah, Nor Balkish Zakaria

{"title":"How Do Female Directors Moderate the Effect of Family Control on Firm Value and Leverage? Evidence from Indonesia","authors":"Rizqa Anita, Giri Suseno, Muhammad Rasyid Abdillah, Nor Balkish Zakaria","doi":"10.1177/09746862241240371","DOIUrl":"https://doi.org/10.1177/09746862241240371","url":null,"abstract":"Corporate governance is enriched by the existence of female directors. Their presence adds value to corporate governance by incorporating different perspectives and experiences. Female directors play an important role in preventing corporate harm, daring to ask critical questions and controlling conflict among various stakeholders. This study aimed to explore the effect of family control (FC) in stimulating leverage and firm value and assess the moderating role of female directors between FC on leverage and firm value. The sample was collected from the Indonesian Stock Exchange of 1,171 data observations-years (2019–2021 period) of companies listed. This research also used a linear regression model to analyse the purpose of hypotheses. The findings of this study indicate that female directors do not moderate the relationship between FC on leverage and firm value. The results prove the opposite of the assumption that the presence of female directors can harmonise and balance the interests of majority and minority shareholders. Finally, this article also contributes to the literature by developing the moderating role of female directors.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"3 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140673581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate Sustainability and Capital Costs: A Panel Evidence from BRICS Countries 企业可持续性与资本成本：来自金砖国家的面板证据

Indian Journal of Corporate Governance Pub Date : 2024-04-19 DOI: 10.1177/09746862241240368

Jyoti Dua, A. K. Sharma

{"title":"Corporate Sustainability and Capital Costs: A Panel Evidence from BRICS Countries","authors":"Jyoti Dua, A. K. Sharma","doi":"10.1177/09746862241240368","DOIUrl":"https://doi.org/10.1177/09746862241240368","url":null,"abstract":"Global sustainability challenges have triggered a sense of accountability in society, culminating in the growing incorporation of sustainability into corporate operations. This article aims to investigate the influence of environmental, social and governance (ESG) disclosure on a company’s cost of financing in emerging markets. Furthermore, the article examines the criticality of separate pillars of ESG in determining the companies’ capital costs using a panel dataset of 192 non-financial companies drawn from the equity indices from the BRICS countries for 10 years, spanning 2011–2020. Pooled Ordinary Least Square and fixed-effect panel regressions are used to test the hypothesised relationships. The robustness of our findings is validated by the application of the System Generalised Methods of Moments approach. The results show that ESG disclosure scores and their individual component scores are positively associated with the cost of equity and weighted average cost of capital. In contrast, there is a negative relationship with the cost of debt. Results demonstrate the apprehensions of equity providers and the reception of debt providers towards the companies’ ESG adoption. The governance pillar has the most significant influence on capital costs. The study enables managers to evaluate the economically ideal capital structure for ESG-compliant enterprises strategically.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":" 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140685051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Top Management Commitment as a Moderator in the Relationship Between Green Banking Adoption Practices and Performance: Evidence from India 高层管理承诺是绿色银行采纳实践与绩效之间关系的调节因素：来自印度的证据

Indian Journal of Corporate Governance Pub Date : 2024-04-10 DOI: 10.1177/09746862241236553

Saromi Newton, Sahayaselvi Susainathan, Hesil Jerda George, M. Quttainah, Satyanarayana Parayitam

{"title":"Top Management Commitment as a Moderator in the Relationship Between Green Banking Adoption Practices and Performance: Evidence from India","authors":"Saromi Newton, Sahayaselvi Susainathan, Hesil Jerda George, M. Quttainah, Satyanarayana Parayitam","doi":"10.1177/09746862241236553","DOIUrl":"https://doi.org/10.1177/09746862241236553","url":null,"abstract":"This article aims to investigate the relationship between green banking adoption practices and performance. A conceptual model has been developed to test the moderating effect of top management commitment in the relationship between green banking adoption practices and performance in a lower-middle-income country context, that is, India. Using a survey instrument, data were collected from 393 employees working in banks in southern India. First, the psychometric properties of the survey instrument were checked using LISREL software for structural equation modelling. Second, the hypothesised relationships were tested using hierarchical regression and double-checked with path analysis. The findings indicate that green banking adoption practices are precursors to environmental, operational and financial performance. The results also provide support for the moderating effect of top management commitment in the relationship between green banking adoption practices and (a) environmental performance, (b) operational performance and (c) financial performance. The green adoption practices encompass a range of initiatives to reduce environmental impact, promote sustainability and address climate change concerns. Top management commitment is at the forefront of driving these practices, which plays a pivotal role in shaping organisational strategies and fostering a culture of sustainability. To the best of our knowledge, the model developed is the first of its kind, particularly in the context of banks in India. Investigating the interaction effect of top management commitment in enhancing performance is a novel idea and significantly contributes to the literature on sustainability. The implications for theory and practice are discussed.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"2020 45","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140718268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impact of Corporate Governance Characteristics on Integrated Reporting Quality: An Empirical Analysis, Evidence from India 公司治理特征对综合报告质量的影响：实证分析，来自印度的证据

Indian Journal of Corporate Governance Pub Date : 2024-04-05 DOI: 10.1177/09746862241236546

Suman Devarapalli, Lalita Mohan Mohapatra

引用次数: 0

The Social Pillar of ESG: Exploring the Link Between Social Sustainability and Stock Price Synchronicity ESG 的社会支柱：探索社会可持续性与股价同步性之间的联系

Indian Journal of Corporate Governance Pub Date : 2024-03-21 DOI: 10.1177/09746862241236551

Srikanth Potharla, Surya Kumari Turubilli, Mylavaram Chandra Shekar

{"title":"The Social Pillar of ESG: Exploring the Link Between Social Sustainability and Stock Price Synchronicity","authors":"Srikanth Potharla, Surya Kumari Turubilli, Mylavaram Chandra Shekar","doi":"10.1177/09746862241236551","DOIUrl":"https://doi.org/10.1177/09746862241236551","url":null,"abstract":"This study examined the association between the social sustainability aspects of environmental, social and governance (ESG) initiatives and stock price synchronicity in 146 publicly listed companies in India from 2011 to 2021. Social sustainability is gauged using indicators such as community engagement, adherence to human rights, customer loyalty, consumer health and safety protection, and employee welfare. Panel data regression with industry-year fixed effects reveals a positive association between social sustainability and stock price synchronicity. This finding suggests that the stocks of companies with strong social issue management are more aligned with market movements. The findings indicate that investors value ethical management, commitment to human rights and employee satisfaction. The insights provided by this study are vital for investors’ fund allocation decisions, highlighting the importance of workforce and supply chain diversity, fair workplace practices, human rights compliance and product integrity in informed investment decision-making. Overall, the research confirms the economic benefits that social sustainability bestows on companies and their investors.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140222489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A System Thinkingbased Framework for Sustainable Governance in Healthcare 基于系统思维的医疗保健可持续治理框架

Indian Journal of Corporate Governance Pub Date : 2023-12-01 DOI: 10.1177/09746862231205651

Vinaytosh Mishra, M. Quttainah

{"title":"A System Thinkingbased Framework for Sustainable Governance in Healthcare","authors":"Vinaytosh Mishra, M. Quttainah","doi":"10.1177/09746862231205651","DOIUrl":"https://doi.org/10.1177/09746862231205651","url":null,"abstract":"This study emphasises the importance of thinking beyond the constrictive perspective of shareholder profit maximisation and putting stakeholder value maximisation front and centre in healthcare. This study uses system thinking approaches to understand the pitfall of the narrow approach of shareholder profit maximisation in healthcare organisations. The study further performs stakeholder analysis to identify each stakeholder’s interests, needs, expectations, and level of influence and power over the health systems and policy. The study used multi-criteria decision analysis approach to identify the priority of the stakeholder organisations. The criteria used for the prioritisation are levels of interest, influence, and impact. Contrary to belief pharmaceutical companies were found to be the most significant player in driving the outcomes of the healthcare system. The study also emphasises the role of government and regulators in the achievement of the same. Stakeholder analysis done in the study also concurs with these findings. Finally, the study uses the grounded theory approach to suggest a framework for the achievement of objectives and providing sustainable governance. This study concludes that by thinking beyond shareholder profit maximisation, healthcare organisations can prioritise patient-centred care, social responsibility, and innovation, ultimately leading to better outcomes for patients and society.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":" 17","pages":"272 - 297"},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138612295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Foreign Ownership, Executive Incentives, Corporate Social Responsibility Activity and Audit Quality Affect Corporate Tax Avoidance? 外资所有权、高管激励、企业社会责任活动和审计质量会影响企业避税吗？

Indian Journal of Corporate Governance Pub Date : 2023-12-01 DOI: 10.1177/09746862231205648

Vidiyanna Rizal Putri, Nor Balkish Zakaria, Jamaliah Said, Maz Ainy Abdul Azis

引用次数: 0

Does Concentrated Shareholding Impact Family Firm Internationalisation? 集中持股是否会影响家族企业的国际化？

Indian Journal of Corporate Governance Pub Date : 2023-12-01 DOI: 10.1177/09746862231206870

V. Vijayagopal, M. Thenmozhi

引用次数: 0

Exploring Whistleblowing Trends Through Bibliometric Analysis: A Global Perspective 通过文献计量分析探索举报趋势：全球视角

Indian Journal of Corporate Governance Pub Date : 2023-12-01 DOI: 10.1177/09746862231205650

Supendi Supendi, Agus Ismaya Hasanudin, Helmi Yazid, E. Ibrani

引用次数: 0