Corporate governance disclosures and international competitiveness: A study of Indian firms

Subramanian, S.; Reddy, V. Nagi

doi:10.1057/abm.2012.1

Cited by 23 publications

(20 citation statements)

References 17 publications

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“…Reference [32] observed that firms with higher level of board activism, higher disclosure standards, effective audit committee, well protected rights of minority shareholders and foreign ownership performed better during crisis. In addition to that, corporate governance disclosures found to enhance buyer's confidence and overall market competitiveness [36]. Considering multifaceted impacts of good corporate governance practices inside-out of the firms and amid huge competition between and among domestic and international competitors in the market, corporations should incorporate governance disclosures as one of the strongest tools in their brand communication strategy which positively generate better confidence and trust of buyer's, investors, employees and society at large.…”

Section: B Corporate Governance and Brand Equitymentioning

confidence: 99%

“…The study also concluded that firms having good governance result in higher return on net worth and capital employed, generating more stable profit margin. Corporate governance disclosures can contribute to improve the market share [36]. Well-governed firms significantly outperform poorly governed firms by up to 15% performance revealed in a study on comparative performance evaluations between well-governed and poorly governed Japanese firms [5].…”

Section: Corporate Governance Investors and Financial Performancementioning

confidence: 99%

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Branding Good Corporate Governance: A Pathway to Strengthen Investors’ Perception and Brand Equity

Islam¹

2019

SSRN Journal

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Corporate governance has become a crucial issue in both the business and academic world as a result of worldwide financial scandals and lack of trust in corporate practices. There is no doubt that in order to thrive and attain growth in the market, a company must earn the trust of its stakeholders by consistently delivering on its commitments. Directors of the companies thus comprehend the importance of upfront communication with relevant stakeholders to increase their confidence. The authors of this article argue that practicing good corporate governance is not enough in this highly competitive market place; corporate leaders need to market their good corporate governance practices in order to make the company more attractive to investors. This article also contends that the strength of corporate governance relies wholly upon the extent to which it is communicated simply, effectively and unceasingly to its stakeholders. The main objective of this study, therefore, is to explore the importance of branding good corporate governance in order to increase corporate brand equity, attract investors, and capture market share. A structured questionnaire comprising three sections and a total of 34 questions was prepared and surveyed by the authors among respondents residing in Bangladesh and who also have an academic and corporate background, to investigate the potential impact of branding good corporate governance in the market place. High mean values for individual questions and overall section depict that communicating and branding good corporate governance to the stakeholders will not only boost the investors' confidence but also increase the corporate brand equity, yielding both profitable and sustainable business environment.

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Section: B Corporate Governance and Brand Equitymentioning

confidence: 99%

Section: Corporate Governance Investors and Financial Performancementioning

confidence: 99%

Branding Good Corporate Governance: A Pathway to Strengthen Investors’ Perception and Brand Equity

Islam¹

2019

SSRN Journal

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“…Para comprender la relación entre el rendimiento empresarial y las empresas zombis se emplea la visión basada en recursos, la cual plantea que los elementos con los que cuenta la firma, así como las habilidades para explotarlos, son los que colocan a las organizaciones en posiciones vanguardistas para obtener mejores resultados que la competencia, generando un efecto diferenciador entre ellas, denotando que el mercado donde opera está directamente involucrado con éste concepto (Ferreira, Marques, & Azevedo, 2011;Gupta, Malhotra, Czinkota, & Foroudi, 2016;Peña-Vinces, Casanova, Guillen, & Urbano, 2017) Partiendo de ésta visión, se puede ver el resultado empresarial desde dos perspectivas, la que se relaciona con la eficiencia en el manejo de actividades relacionadas con la administración y utilización de los recursos con los que se cuenta (costos, producción, inversión, entre otros) y, por otro lado, la cuota de mercado que maneja cada unidad comparada con los demás integrantes del sector, lo anterior permite tener un mejor entendimiento de la dinámica del mercado (Sauka, 2014;Stojcic, Hashi, & Telhaj, 2013;Subramanian & Reddy, 2012).…”

Section: Revisión Empírica Predictores De Las Empresas Zombisunclassified

Impacto de la rentabilidad y la cuota de mercado en las empresas zombis en México

Cárdenas

Tovar

2019

REMEF

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El objetivo de este trabajo consiste en profundizar en la presencia de empresas zombis en la Bolsa Mexicana de Valores (BMV) y los factores que inciden en su existencia. Para ello, a través del método CHK se determinó la presencia de empresas zombis en México y, posteriormente, mediante un modelo logit se evalúa el impacto de la rentabilidad y la cuota de mercado en las empresas zombi. Los datos empleados corresponden a 102 empresas inscritas en el mercado de valores de México en el año 2015, lo cual permitió identificar la presencia de 18 empresas con características zombis. Mientras que el análisis empírico confirmó que la cuota de mercado impacta positivamente a las empresas zombis, mientras que la rentabilidad disminuye la probabilidad de incurrir en esta situación. El modelo empleado representa uno de los trabajos pioneros en América Latina sobre este tipo de empresas y da luz sobre el comportamiento que siguen dichas organizaciones mostrando que las características del mercado pueden ser otros predictores importantes de las empresas zombis y representan futuras líneas de investigación relevantes.

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“…The findings revealed positive relationship between corporate governance and international competitiveness when governance is measured holistically. Recently, researchers have also tried to analyze this relation in a single country context by studying the relationship between voluntary disclosures and international competitiveness of Indian firms (Subramanian and Reddy 2012). Their analysis revealed that international markets value firm disclosing voluntary information about their board practices.…”

Section: Literature Reviewmentioning

confidence: 99%

Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India

Haldar

Rao

Momaya

2016

Glob J Flex Syst Manag

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Firms play a key role in growth of India, and there is a need to enhance their competitiveness significantly. For that, they may need higher flexibility in their governance systems. This paper explores the relationship between flexibility in corporate governance (CG) mechanisms and international competitiveness (IC) in two knowledge-based industries in India during the period from 2006 to 2014. Using multiple regression model, the results suggest that flexibility in CG significantly affects IC. In addition, IC increases with the increase in firm size in the presence of other factors such as research and development intensity, marketing intensity, business group affiliation, and industry dummy. Thus, the study is a novel attempt to establish the relationship between flexibility in CG and IC.

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Corporate governance disclosures and international competitiveness: A study of Indian firms

Cited by 23 publications

References 17 publications

Branding Good Corporate Governance: A Pathway to Strengthen Investors’ Perception and Brand Equity

Branding Good Corporate Governance: A Pathway to Strengthen Investors’ Perception and Brand Equity

Impacto de la rentabilidad y la cuota de mercado en las empresas zombis en México

Can Flexibility in Corporate Governance Enhance International Competitiveness? Evidence from Knowledge-Based Industries in India

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