Jan'22


The IUP Journal of Corporate Governance

ISSN: 0972-6853

A 'peer reviewed' journal indexed on Cabell's Directory, and also distributed by EBSCO and Proquest Database

The IUP Journal of Corporate Governance is a quarterly journal focusing on governance and ethics framework, role of boards, role of CEOs, CFOs and other senior management, role of other stakeholders, disclosure and transparency, regulation and best governance practices.

Privileged access to Online edition for Subscribers.

Focus Areas
  • Governance & Ethics Framework
  • Role of Boards
  • Role of CEOs, CFOs and other Senior Management
  • Role of other Stakeholders
  • Disclosure & Transparency
  • Regulation
  • Best Practices
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Article   Price (₹) Buy
The Effect of Board Structure on the Human Resource Disclosure Practices of the Indian Corporate
50
Corporate Governance, Audit Committee Characteristics and Firm Performance: Evidence from India
50
Efficacy of Corporate Governance Performance in Regulating Related Party Transactions: An Analysis of Indian Listed Companies
50
Does Corporate Governance Impact Firm Performance and Firm Risk? Empirical Evidence from India
50
       
Contents : (Jan 2022)

The Effect of Board Structure on the Human Resource Disclosure Practices of the Indian Corporate
Kirti Aggarwal

The present study investigates the effect of board structure on Human Resource Disclosure Index (HRDI) in Indian corporates. Indian companies from BSE-100 Index were selected for the study and the final sample consisted of 64 Indian listed companies. The data of dependent variable (HRDI) and independent variables (board structure) were gathered from the annual reports of the sample companies for a seven-year period, 2012-13 to 2018-19. To measure the level of HR disclosure, a human resource disclosure index was constructed. For analysis, descriptive statistics, Pearson's correlations matrix and OLS regression model were used. The findings of the study show that on an average, the selected companies disclose 47.13% HR information in their annual reports. Further, the regression results show that board meeting, audit committee and CEO duality have significant positive effect on HRDI. And, the rest of the variables (board size and board independence) have insignificant but positive effect on HRDI.


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Article Price : Rs.50

Corporate Governance, Audit Committee Characteristics and Firm Performance: Evidence from India
Shikha Mittal Shrivastav

The present study aims at finding a relationship between audit committee characteristics and firm performance of companies listed on the Indian Stock Exchange. Fixed Effect Panel Data Regression was employed on the data of 178 companies for a period of eight years. The results found that the audit committee characteristics (size, independence, and number of meetings) are in significant positive relationship with Tobin's Q, a market-based performance measure. However, only the impact of audit committee size is found to have a positive and significant impact on Return on Equity (ROE). The number of board level committee meetings has a positive and significant impact on Tobin's Q and negative and significant impact on ROE. The results of the present study can be used by policymakers and regulators who are involved directly or indirectly in pondering corporate governance reforms. The results are also beneficial for the managers, investors, and minority shareholders as they are concerned with the performance of the firms. .


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Article Price : Rs.50

Efficacy of Corporate Governance Performance in Regulating Related Party Transactions: An Analysis of Indian Listed Companies
Ajaz Ul Islam

This study investigates the impact of corporate governance practices on Related Party Transactions (RPTs) for a sample of BSE 500 companies in India. The findings of this study advance the earlier understanding that good corporate governance practices inhibit RPTs. Further, the study suggests that the composition of board with active independent directors and compensation structure of Key Management Persons (KMPs) mainly contributes towards inhibiting RPTs. In addition, contrary to earlier studies, auditor compensation and frequency of board meetings were found not to significantly impact RPTs. Finally, deviation of board size from average industry level board size was found to promote RPTs. The implication for stakeholders is also discussed.


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Article Price : Rs.50

Does Corporate Governance Impact Firm Performance and Firm Risk? Empirical Evidence from India
Harsh Raj Pathak, Vijaya Lakshmi S and Sonali Narbariya

In the light of the growing importance of Corporate Governance (CG) in academic and industrial research, the present paper aims to answer the question: Does corporate governance impact Firm Performance and Firm Risk? Multivariate regression analysis was conducted on three models to answer the question, with firm performance and firm risk being the dependent variables. Different CG mechanisms (Board Composition, Board Size, Frequency of Meetings and Audit Committee) were considered as independent variables. The results of the regression analysis postulate that board composition, frequency of meetings and audit committee significantly impact the firm performance i.e., Return on Assets (ROA) and Profit Margin (PM). Board composition was also found to have a significant impact on firm risk where we used Beta as a proxy measure. Overall, the objective of the study was met, as all the three models showcase significant results. The present study provides important insights into fair CG practice, with scope for future research.


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Article Price : Rs.50