Oct'23
The IUP Journal of Corporate Governance
| Article | Price (₹) | ||
| Do CEO Characteristics Moderate the Relationship Between Diversification and Banks' Financial Soundness in Emerging Markets?: A GMM Analysis |
100
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| Exploring the Social and Relationship Capital of Indian Companies from Eight Core Economic Sectors |
100
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| Relationship Between CSR and Stock Price: Systematic Literature Review and Bibliometric Analysis |
100
|
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Do CEO Characteristics Moderate the Relationship Between Diversification and Banks' Financial Soundness in Emerging Markets?: A GMM Analysis
This study examines the impact of Bank Diversification (Div) on Financial Soundness (BFS) and also investigates the moderating effect of CEO characteristics on this relationship in Egypt. The data was collected from annual reports of a sample of Egyptian banks from 2014 to 2021. The study uses Generalized Method of Moment (GMM) for testing the research hypotheses. The results of the study show a positive effect of Div on BFS. Also, the results reveal that CEO gender, nationality, and tenure strengthen the positive effect of Div on BFS, while CEO duality weakens this positive effect. The present study offers new empirical evidence for the impact of Div on BFS from a cash flow perspective. Also, the study contributes to the banking governance literature by providing new empirical evidence from an emerging market like Egypt regarding the impact of CEO characteristics on the link between Div and BFS (cash flow perspective). The study will be of help to managers, investors, and depositors realize the importance of cash flow as an indicator of BFS, especially in emerging markets like Egypt. Also, the findings would help policymakers and regulators (the Central Bank of Egypt) realize the role of Div in supporting BFS, improving bank financial stability, and increasing market discipline.
Exploring the Social and Relationship Capital of Indian Companies from Eight Core Economic Sectors
Business enterprises consume the resources of the society for manufacturing of goods and services. Now in the process of creation of business utilities like form utility, time utility, ownership utility, etc., both the ecosystem and the society get severely affected due to Green House Gases (GHG) emission and other hazardous activities, thereby creating a social obligation on the corporate houses to take care of the society and uphold the tenet of 'People', 'Planet' and 'Profit'. In view of the growing importance and mandatory requirements under Companies Act, 2013, for the companies to undertake Corporate Social Responsibility (CSR) subject to certain requirements, it is of paramount research interest to reconnoiter the social and financial dimensions of select companies of eight core sectors of Indian economy, i.e., Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The basis for undertaking a study of the above-mentioned core sectors are that most of the core sector-based companies by nature of their activities emit GHG, utilize non-renewable resources, constitute 40.27% of the weight of items included in the Index of Industrial Production (IIP), contribute substantially to the Gross Domestic Product of India, etc. The social and relationship capital will be studied for both public and private sector companies and correlation analysis among CSR expenditure and Earnings Before Interest and Tax (EBIT) and CSR and Profits After Tax (PAT) will be done to understand the relationship between CSR activities and the mentioned financial variables.
Relationship Between CSR and Stock Price: Systematic Literature Review and Bibliometric Analysis
Corporate Social Responsibility (CSR) is more important than ever in the current business environment. Companies are reallocating funding to CSR efforts to satisfy state mandates while achieving their own goals. CSR as an idea has been around for a long time. Hence, a comprehensive summary of previous studies needs to be included in the research perspective. This study examines the literature on the relationship between CSR and stock price and the link between best CSR practices and financial performance. The results show that the interest in CSR and its impact on a firm's financial performance has grown recently to a large extent. The study presents a systematic review and bibliometric analysis of the literature in this regard, highlighting possible gaps and opportunities in the literature and scope for future research directions.
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