Indian Journal of Corporate Governance最新文献_第10页

Corporate Social Responsibility in India: A Journey from Corporate Philanthropy to Governance Mandate 印度的企业社会责任:从企业慈善到治理授权的历程

Indian Journal of Corporate Governance Pub Date : 2017-11-27 DOI: 10.1177/0974686217735924

K. R. Pillai

引用次数: 7

Auditors’ Perceptions of the Effectiveness of Fraud Prevention and Detection Methods 审计人员对舞弊预防和检测方法有效性的看法

Indian Journal of Corporate Governance Pub Date : 2017-11-27 DOI: 10.1177/0974686217738683

Deepa Mangala, P. Kumari

{"title":"Auditors’ Perceptions of the Effectiveness of Fraud Prevention and Detection Methods","authors":"Deepa Mangala, P. Kumari","doi":"10.1177/0974686217738683","DOIUrl":"https://doi.org/10.1177/0974686217738683","url":null,"abstract":"Abstract Fraud has emerged as an undesirable offshoot of human greed and pressure to perform in growing corporate world. It has led to erosion of stakeholders’ confidence across the globe. Now, they see the annual reports and other corporate filings with scepticism. Despite increasing instances of fraud, the anti-fraud mechanism of the business organisations is not up-to-date. The present study aims to examine the effectiveness of fraud detection and prevention methods used by corporate sector. A survey of 336 auditors seeking their perception about effectiveness of various anti-fraud methods has been conducted. The findings reveal that corporate governance is the most effective tool against fraud. Use of information technology, timely audit, regular inspection and corporate policies and procedures, also, play a vital role in curbing fraudulent practices in an organisation. Thus, the findings suggest that expenditure on effective anti-fraud methods should not be viewed as an expense; instead, it must be considered as an investment as it saves from the potential losses due to fraud and damage to business stability, revenue and image.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"10 1","pages":"118 - 142"},"PeriodicalIF":0.0,"publicationDate":"2017-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686217738683","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43695388","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: 14

The Impact of Corporate Governance Attributes on Environmental Disclosures: Evidence from India 公司治理属性对环境信息披露的影响:来自印度的证据

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217701464

E. G., K. C. Kabra

{"title":"The Impact of Corporate Governance Attributes on Environmental Disclosures: Evidence from India","authors":"E. G., K. C. Kabra","doi":"10.1177/0974686217701464","DOIUrl":"https://doi.org/10.1177/0974686217701464","url":null,"abstract":"Abstract This article empirically investigates the impact of corporate governance attributes on companies’ decision to disclose environmental information since corporate governance ensures fair, responsible, credible and transparent corporate behaviours to its stakeholders. The corporate governance attributes used in the study are board size, chief executive officer duality, domestic institutional ownership and foreign institutional ownership. Environmental disclosures are measured by a checklist of items based on Global Reporting Initiative guidelines as well as environmental regulations prevailing in India. Disclosure scores are drawn individually by using content analysis of annual reports for a sample of 177 most polluting companies in India for a period of 6 years, that is, from 2009–2010 to 2014–2015. Employing panel data regression model, the result indicates that foreign institutional ownership is the most important corporate governance attribute that engages corporates in environmental disclosure behaviour. In addition to this, firm-specific characteristics such as company size and environmental certification are more likely to influence environmental disclosures. For better environmental disclosure, the Securities and Exchange Board of India (SEBI) should mandate all the companies to disclose detailed monetary and non-monetary information on environmental issues in their companies’ periodic report and also more emphasis should be given to strengthen the corporate governance attributes.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"10 1","pages":"24 - 43"},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686217701464","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45557016","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: 41

Board Activity and Firm Performance 董事会活动与公司绩效

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217699304

J. Paul

引用次数: 12

Agency theory: Review of Theory and Evidence on Problems and Perspectives 代理理论:问题与观点的理论与证据综述

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217701467

Brahmadev Panda, N. M. Leepsa

引用次数: 320

Are Committees Independent? 委员会是否独立?

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217708689

Shital Jhunhunwala

引用次数: 0

Women on Board and its Impact on Performance: Evidence from Microfinance Sector 董事会女性成员及其对业绩的影响:来自小额信贷行业的证据

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217701465

R. Vishwakarma

{"title":"Women on Board and its Impact on Performance: Evidence from Microfinance Sector","authors":"R. Vishwakarma","doi":"10.1177/0974686217701465","DOIUrl":"https://doi.org/10.1177/0974686217701465","url":null,"abstract":"Abstract The board of directors is the most imperative facet of corporate governance for any corporation as it is responsible for approving financial decisions, policy formulation as well as strategic decisions. Consequently, their composition is a solemn issue for the company at all times. Recent years have evidenced a steep amplify in the board diversity by enhancing the representation of women in corporate leadership. Diverse boards with individuals having different background perhaps tends to be more innovative and make better decisions. It could enhance the boards’ functioning, sharpen strength and bring a more diverse perspective. Meanwhile, the participation of women in decision-making is one of the most divergent factors which has been given a push in the form of law with enactment of The Company Act, 2013. Thus, this study mainly illustrates the relevance of women in microfinance and empirically examines the association between participation of women on board and in senior management with the performance of microfinance industry, using a sample of 50 Non-banking Financial Companies–Microfinance Institutions (NBFC–MFIs). It is evident that there is a positive and significant impact of women as board members with the financial performance and of senior management with social performance in context to Indian MFIs. Thus, it is suggested that MFIs should think about the femininity on board and in senior management to improve financial viability and social performance to achieve sustainable growth.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"10 1","pages":"58 - 73"},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686217701465","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48625462","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: 31

Re-examination of the Non-linear Relationship Between Management Ownership and Earnings Management: Evidence from Japan 管理层持股与盈余管理非线性关系的再检验:来自日本的证据

Indian Journal of Corporate Governance Pub Date : 2017-06-01 DOI: 10.1177/0974686217699305

M. Mazumder

{"title":"Re-examination of the Non-linear Relationship Between Management Ownership and Earnings Management: Evidence from Japan","authors":"M. Mazumder","doi":"10.1177/0974686217699305","DOIUrl":"https://doi.org/10.1177/0974686217699305","url":null,"abstract":"Abstract The purpose of this article is to provide further evidence on the functional form of relationship between management ownership and earnings management in the Japanese context. Applying regression model with third-order polynomial like Teshima and Shuto (2008), this study finds evidence of non-monotonic (cubic) relationship between management ownership and earnings management which supports alignment–entrenchment–alignment hypothesis. However, this study attempts to confirm the robustness of such findings with two additional approaches, namely piecewise linear regression and third-order polynomial regression with mean-centring adjustment. Unlike initial results, further evidence indicates that though the relationship between management ownership and earnings management is non-linear but the nature is quadratic (‘U’-shaped) which supports alignment–entrenchment hypothesis. Such conflicting findings will surely assist the future researchers to be cautious in designing non-linear models while investigating the relationship between ownership structure and earnings management.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"10 1","pages":"1 - 23"},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686217699305","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42446369","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: 4

Could Sociocracy be the Way to MSME Governance? 社会主义能成为中小微企业治理之道吗?

Indian Journal of Corporate Governance Pub Date : 2016-12-01 DOI: 10.1177/0974686216666447

A. Saxena, R. Jagota

{"title":"Could Sociocracy be the Way to MSME Governance?","authors":"A. Saxena, R. Jagota","doi":"10.1177/0974686216666447","DOIUrl":"https://doi.org/10.1177/0974686216666447","url":null,"abstract":"Abstract In an earlier article, we addressed the question: Should the MSMEs, that is, the micro, small and medium enterprises, be governed the corporate way? Drawing on (a) the contribution of the MSMEs to the economic and social development 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, we suggested a model of articulation of the MSME governance (Saxena & Jagota, 2015). In this article, we delve deeper into the issue of the MSME governance with reference to the emerging paradigm of dynamic governance that is known in Europe and other parts of the world as sociocracy. The word sociocracy is derived from the Latin and Greek words socius (companion) and kratein (to govern). It implies the rule by the ‘socios’, people who have a social relationship with each other—as opposed to the democracy rule by the ‘demos’, the general mass of people. As a system of governance, it relies on consent-based decision-making through active self-disclosure and feedback. It is stated to streamline decision-making, kindle creativity, innovation and entrepreneurial spirit and heighten productivity via individual engagement, commitment and empowerment. We posit that such a system of governance is particularly suitable for ethnic entrepreneurship, natural business clusters and the social and solidarity economy that many a country in Asia and Africa typify. In this article, we penetrate deeper into the functioning of representative clusters and communities and delineate principles and practices that could provide the edifice of the sociocratic architecture and dynamics of the MSME governance.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"9 1","pages":"173 - 185"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686216666447","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65368376","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: 4

Quality Control Framework for Statutory Audit of Financial Statements: A Comparative Study of USA, UK and India 财务报表法定审计质量控制框架:美国、英国和印度的比较研究

Indian Journal of Corporate Governance Pub Date : 2016-12-01 DOI: 10.1177/0974686216668458

S. Saha, M. Roy

{"title":"Quality Control Framework for Statutory Audit of Financial Statements: A Comparative Study of USA, UK and India","authors":"S. Saha, M. Roy","doi":"10.1177/0974686216668458","DOIUrl":"https://doi.org/10.1177/0974686216668458","url":null,"abstract":"Abstract Quality control of audit procedure has become extremely important in today’s corporate environment in the backdrop of accounting irregularities and audit failures leading to corporate demise. Accounting firms control the quality of audit procedure with the help of the quality control standard (QCS) and specific auditing standard. These standards provide reasonable assurance of compliance with applicable regulation and issuance of the appropriate report by the engagement team. After discussing the international scenario of quality control framework, in this study a comparative analysis of quality control policies and procedures at firm and engagement in three select countries has been presented. The countries selected are the United States of America (USA), the United Kingdom (UK) and India. The study finds that the QCS and the auditing standard in all three countries are designed in line with International Standards on Auditing (ISAs) and International Standards on Quality Control (ISQC)-1. Naturally, quality control policies and procedures in three countries are comparable barring few minor differences. Based on these differences, it can be concluded that the quality control framework in the UK and India is more stringent as compared to the USA.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"9 1","pages":"186 - 211"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0974686216668458","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65368430","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