{"title":"Snapshot of the Recent Study","authors":"R. K. Mishra, J. Kiranmai","doi":"10.1177/09746862221110274","DOIUrl":"https://doi.org/10.1177/09746862221110274","url":null,"abstract":"","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"15 1","pages":"3 - 4"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48133492","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}
{"title":"ESG–CFP Linkages: A Review of Its Antecedents and Scope for Future Research","authors":"Aanchal Singh, Prakash J. Singh, Samik Shome","doi":"10.1177/09746862221089062","DOIUrl":"https://doi.org/10.1177/09746862221089062","url":null,"abstract":"The last two decades have seen a gradual shift in the reporting practices of the corporate sector across the globe. Besides reporting the standard financial statements, there is increased emphasis on qualitative reporting particularly issues related to governance, sustainability and society, popularly referred to as environmental, social and governance (ESG) reporting (Griffin & Sun, 2018). In this regard, sustainability issues are being more aggressively addressed by the firms. This study aims at identifying and empirically examining the antecedents that influence the relationship between ESG disclosures of organisations and its corporate financial performance (CFP). The study uses a sample of BSE-200 companies and employs multiple regression technique to ascertain the ESG–CFP relationship. The results obtained show that ESG and CFP are negatively related, and the control variables have a significant impact on this association. The study provides insights from the perspective of an emerging economy and contributes to both the managerial decision-making and policy formulation. It also paves the way for future research.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"15 1","pages":"48 - 69"},"PeriodicalIF":0.0,"publicationDate":"2022-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48450863","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}
{"title":"Family Involvement in Ownership, Management and Firm Performance: Evidence from Indian Listed Companies","authors":"Himani Chahal, A. Sharma","doi":"10.1177/09746862221089719","DOIUrl":"https://doi.org/10.1177/09746862221089719","url":null,"abstract":"We studied the impact of family ownership and management on Indian family firm performance by using a sample of companies listed on the National Stock Exchange of India (NSE) 500 from 2011–2020. The findings using panel data analysis demonstrate that family ownership positively impacts the accounting (ROA) and market (Tobin’s q) measures of firm performance in our sample. Further, there is empirical evidence that family management is positively associated with firm performance using ROA but negatively related to TQ with the study showing that founder-managed firms outperform descendent or professionally managed family firms in the Indian context. The study is unique in understanding the ways in which family businesses perform, behave and add value to the shareholders by analysing a dataset of listed companies for ten years.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"15 1","pages":"26 - 47"},"PeriodicalIF":0.0,"publicationDate":"2022-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47418806","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}
{"title":"The Impact of Characteristics of the Board of Directors on the Timelines of Corporate Internet Reporting Index of Companies in Indonesia","authors":"Kiswanto, D. Setiawan","doi":"10.1177/09746862221089059","DOIUrl":"https://doi.org/10.1177/09746862221089059","url":null,"abstract":"The development of information technology supports companies in conveying information to all stakeholders in a timely way. This study examined corporate internet reporting that was influenced by the characteristics of the directors (Size, Indep, Aboard, Fboard, Tenur, Famboard, Gender and Founder) of Indonesian companies. Furthermore, this study used the ordinary least square analysis technique which presented five control variables: firm size, profitability, leverage, liquidity and firm age. The research sample is 513 companies of the 716 companies listed on the Indonesia Stock Exchange. The results show that board of directors’ size, independent board of directors, tenure, family relations and gender have a significant effect on timeliness of corporate internet reporting (TCIR), while age of president director, foreign director and founder do not have a significant effect. Therefore, firm size, profitability and liquidity are able to be control variables on the use of TCIR through the company’s web, while leverage and firm age are not able to do this. Therefore, it is advisable for companies in Indonesia to pay attention to the composition of the characteristics directors in order to improve the quality of company financial information via the internet. This needs to be done because it can give a positive signal to all stakeholders, which will ultimately increase stakeholder trust in the company.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"15 1","pages":"70 - 88"},"PeriodicalIF":0.0,"publicationDate":"2022-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65369610","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}
{"title":"Reeves Wiedeman, Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork. London: Hodder & Stoughton","authors":"Ajay Arora","doi":"10.1177/09746862211045763","DOIUrl":"https://doi.org/10.1177/09746862211045763","url":null,"abstract":"","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"14 1","pages":"275 - 278"},"PeriodicalIF":0.0,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41536362","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}
{"title":"Reviewing the Role of Boards: A Research Review","authors":"R. Mishra, Geeta P, K. J.","doi":"10.1177/09746862211045762","DOIUrl":"https://doi.org/10.1177/09746862211045762","url":null,"abstract":"","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"14 1","pages":"268 - 274"},"PeriodicalIF":0.0,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47451046","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}
K. Wasdani, Abhishek Vijaygopal, M. Manimala, Aniisu K. Verghese
{"title":"Impact of Corporate Governance on Organisational Performance of Indian Firms","authors":"K. Wasdani, Abhishek Vijaygopal, M. Manimala, Aniisu K. Verghese","doi":"10.1177/09746862211047396","DOIUrl":"https://doi.org/10.1177/09746862211047396","url":null,"abstract":"This research study explored the link between corporate governance practices (CGPs) and organisational performance in India, especially in the context of some major CG reforms that have been undertaken since the turn of the twenty-first century. The authors also attempted to understand in-depth the implications of these reforms for the companies. For assessing the link between CG practices and organisational performance, data were collected from a sample of 100 listed companies in India using an adapted version of the Institute of Company Secretaries of India (ICSI)’s questionnaire. Multilevel Factor Analysis (MFA) for scores along 5 CG sub-categories revealed 17 first-level and 4 second-level factors. Regression of organisational performance, measured using Compound Annual Growth Rate (CAGR), against these factors showed that the first-level factor representing corporate social responsibility and sustainability (CSRS) was a significant predictor of organisational performance. This finding is significant while considering the introduction of mandatory CG provisions for corporate social responsibility (CSR), applicable to companies meeting specified turnover and profitability thresholds according to CG regulations in India. The findings of this study open the debate on CG regulation and on mandatory and desirable norms in the Indian context. Eligible Indian companies must focus on the CG practice of investing in CSR initiatives through purpose-led CSRS interventions and their long-term benefits, rather than on viewing it as a mandatory CG provision that induces short-term expenses.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"14 1","pages":"180 - 208"},"PeriodicalIF":0.0,"publicationDate":"2021-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46717604","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}
{"title":"Socially Responsible Investing and Sustainable Indices: A Sustainability Agenda","authors":"Firdaus Khan M. R.","doi":"10.1177/09746862211045757","DOIUrl":"https://doi.org/10.1177/09746862211045757","url":null,"abstract":"COVID-19 pandemic has brought climate change and socially responsible investing back to the forefront. Sustainable investing, though well-entrenched in developed countries, is slowly gaining traction in emerging markets. Sustainability indices operate as quality indicators and bridge information gap. This study explores the usefulness of three such indices and offers an autoregressive moving average model on Carbonex series for sustainable investments on Bombay Stock Exchange. However, the model fails to align with the long-term goals of socially responsible investing and the investor community needs to engage with regulators, corporations and rating agencies so that these sustainability indices can better serve their information needs and offer a valid measure of sustainable practices. COVID-19 brings with it the opportunity to ideate and envision innovative approaches to support a carbon-free economic agenda and to design eco-friendly infrastructure, planned urban development and transition to clean energy. Take–make–consume–waste attitude is out and the philosophy of preserve–endure–nurture–bequeath will be the new normal.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45391719","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}
{"title":"The Devil’s Laugh at Corporate Governance: The Case of Punjab and Maharashtra Co-operative Bank (PMC Bank) India","authors":"Ambuj Gupta","doi":"10.1177/09746862211047315","DOIUrl":"https://doi.org/10.1177/09746862211047315","url":null,"abstract":"The trust of depositors in the Indian banking system was shaken in September 2019 when the five-page confession letter written by Joy K Thomas, Managing Director and Chief Executive Officer of Punjab and Maharashtra Co-operative Bank (PMC Bank), one of the ten largest co-operative banks in India revealed gross financial irregularities, collusion and fraud in banking operations of PMC Bank from 2008 onwards. The Reserve Bank of India (RBI) came into swift action and placed curbs on routine banking activities and restricted the withdrawal of money to a limited amount. Succumbing to the shock, depositors protested at several places and even, eleven depositors lost their lives. With a huge exposure of 73% of the overall loan portfolio to a single borrower, Housing and Development Infrastructure Ltd (HDIL) & group companies, that too facing insolvency proceedings, the recovery of full money was almost impossible. The malice at PMC Bank is the classic case of crony capitalism, collusion and fraud, and failure of corporate governance. The case draws important lessons for reforming co-operative banking sector and strengthening banking supervision in the country.","PeriodicalId":37340,"journal":{"name":"Indian Journal of Corporate Governance","volume":"14 1","pages":"248 - 267"},"PeriodicalIF":0.0,"publicationDate":"2021-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48396602","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}