Editorial

It is a great pleasure to inform you that the Indian Journal of Corporate Governance has been listed in ABDC list of citations. This is a huge recognition of the research getting published in the journal and also the eminence of the researchers choosing to publish their papers in the journal. The editorial team of the journal is engaged in getting the journal listed on other important citations indexes. The current issue brings out papers on different dimensions of the corporate governance touching upon the latest advances in this realm and their application for the policy and the managerial world. The first in the series is the paper titled ‘Country-level Governance and Capital Markets in Asia-Pacific Region’ by Geeta Duppati and Frank Scrimgeour. The paper raises some important research questions: is there a relationship between a country’s governance and stock market in terms of the level of returns and share price volatility? We hypothesis that stock returns for countries with higher levels of governance will have lower ex ante expected returns and less volatility than countries with lower levels of governance. The authors suggest that there is a decline in governance, and this has implications for those involve in trade, donor organisations and international lending agencies such as the World Bank. Nailesh Limbasiya and Hitesh Shukla in their paper titled ‘Effect of Board Diversity, Promoter’s Presence, and Multiple Directorships on Firm Performance’. Assert that there should be a greater number of independent directors in a firm which has its promoter on the board. Karim, Manab and Ismail in their paper on ‘Legitimising the Role of Corporate Boards and Corporate Social Responsibility on the Performance of Malaysian Government-listed Companies’ investigate the legitimate role of corporate boards and corporate social responsibility on the performance of Malaysian government-listed companies. Their research raises questionable insights for regulatory bodies and academicians in the form of corporate legitimacy. Pareek, Pandey and Sahu discuss the effect of corporate governance parameters in 38 NSE-listed Indian non-financial companies in their paper titled ‘Corporate Governance, Firms Characteristics and Environmental Performance Disclosure Practices of Indian Companies’. The study points out a positive impact of board size and age of firm on the environmental performance disclosure of Indian companies. The study questions the role of independent directors of such companies. The study bases on its findings questions the role of independent directors as an internal regulatory body and suggests external regulatory specifications for better environmental performance and its disclosure to the public. Adedeji, Uzir, Rahman and Jerin study corporate governance and non-financial performance in their paper on ‘Corporate Governance and Non-financial Performance of Medium Sized Firms in Nigeria: A CB-SEM Approach’. The result research indicates that corporate governance has significant positive effect on firms’ non-financial performance. Editorial