Firm performance, vertical agency crisis and corporate governance of Indian listed companies

Sethi, Premananda; Sahu, Tarak Nath; Maity, Sudarshan

doi:10.1108/ajeb-01-2022-0003

Cited by 13 publications

(16 citation statements)

References 35 publications

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“…The weakness in the implementation of corporate governance in Africa is the reason why the existence of independent commissioners has no effect. Similar to research by Sethi et al (2022) India also found that the existence of independent commissioners had no effect and caused conflict in decision-making.…”

Section: The Influence Of Environmental Management On Firm Value Whic...supporting

confidence: 77%

Environmental management and firm performance on firm value moderated by good corporate governance

Anggawikara,

Budidarma

2023

IJOMS

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This research aims to analyze the influence of environmental management and firm performance on firm value, which is moderated by good corporate governance, which is proxied by board size and independent commissioners. The research design is quantitative research with the title "The Influence of Environmental Management and Firm Performance on Firm Value Moderated by Good Corporate Governance". The data source is secondary data collected from the IDX (Indonesian Stock Exchange) website to access financial report data of mining sector manufacturing companies, for the period 2017 - 2022. The population of this research is mining sector companies listed on the IDX for the 2017-2022 period. The sampling technique used in this research was purposive sampling. The results show that there is no direct influence from ISO certification on ROA (Return on Assets). There is a significant positive effect of firm value from the environmental management and firm performance variable, moderated by board size. However, the presence of independent commissioners does not moderate the effect of ISO and ROA on firm value. This means that the existence of directors can moderate the implementation of ISO 14001 on company value.

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Section: The Influence Of Environmental Management On Firm Value Whic...supporting

confidence: 77%

Environmental management and firm performance on firm value moderated by good corporate governance

Anggawikara,

Budidarma

2023

IJOMS

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“…The table also indicates that the average board size (BS) of the sample firms is 9, while the minimum and maximum members of the boards are 4 and 19 members, respectively. The average leverage (LEV) ratio of total debts of the sampled firms to total assets is 0.234, while the minimum is 0 and the maximum is 8.12, similar to firms operating in India [74]. The average value of firm size and firm age are 7.251 and 13.285, respectively.…”

Section: Descriptive Statistics Resultsmentioning

confidence: 87%

The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country

et al. 2022

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Prior studies have analyzed board diversity (mostly in developed nations) using financial firms to measure demographic or cognitive characteristics in relation to firm performance. However, the current study attempted to fill the literature gap by evaluating both demographic and cognitive mechanisms in developing economies using non-financial firms in Nigeria. This study examined how board diversity in terms of the gender and educational level of directors affects the performance of Nigerian stock exchange companies. The study utilized a sample of 67 listed companies from the Nigerian stock exchange over eight years, from 2012 to 2019. A quantitative method using a deductive approach was adopted in conducting fixed effect and generalized method of moments (GMM) estimations for robust findings. The findings support the existence of a significant positive influence of both education and gender diversity on the companies’ performance. These results are consistent with agency and resource dependence theoretical expectations. The outcomes add to the current debates on those types of regulatory setters calling for corporate board diversification. The findings would greatly benefit management in the directors’ selection process as they revealed the importance of both education and gender diversity for better performance and enhancing market value. Thus, they contribute to the literature on the state of board diversity in developing countries.

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“…Jatana, (2023) provided empirical evidence to the effect that board meetings have a positive association with financial performance. For instance, Sethi et al, (2023) opined that greater frequency of meetings is positively associated with firm performance.…”

Section: Discussionmentioning

confidence: 99%

“…Empirical data was presented by Jatana (2023) to support the notion that board meetings improve financial success. Sethi et al (2023), for example, suggested that higher meeting frequency is favorably correlated with company performance.…”

Section: Board Meetings Attendance and Financial Performancementioning

confidence: 99%

Board Assurance and Financial Performance of Selected Saccos in Kiruhura District, Uganda

Benon,

Moses,

Tamwesigire

et al. 2024

JEFMS

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Board assurance is the term used to describe the board's degree of trust in the organization's capacity for efficient risk management. Among SACCOs in Uganda, board assurance and financial performance are important ideas. The financial sector in Uganda has been characterized by investor activity, hostile takeovers, poor corporate governance, weak boards of directors, and protection of minority shareholders. Several banks and other financial institutions have failed to operate despite Bank Uganda's multiple interventions, necessitating regulatory action to maintain the stability of the financial system. This study's goal was to examine how board assurance affected the financial performance of a subset of SACCOs in Uganda's Kiruhura District. This study used both quantitative and qualitative research methods, utilizing a cross-sectional survey research design. At a 95% confidence level or 0.05 error rate, a population of 342 individuals was used. The sample size consisted of 184 respondents, staff members, and members of the six SACCOs that were registered in the Kiruhura area of Uganda as of January 2023. There were two stages to the data collection for analysis. First, SPSS version 20.0 was used to conduct the preliminary data analysis and descriptive statistics on the respondents.In the second phase, structural equation modeling (SEM) was used to evaluate and investigate the structural relationships between the variables in the proposed conceptual model. These statistics included multicollinearity, mean and standard deviation, outliers and extreme values, and missing data. SEM was implemented using Jaffrey's Amazing Statistical Program (JASP) version 0.17.2.0. The study's conclusion supported Ha1 by showing that board assurance (BoA) (=0.343**) significantly improved the financial management of savings and credit co-operative societies (SACCOs) in Uganda. According to the study's findings, SACCO would perform better financially the more its board took responsibility for the company's decisions and told stakeholders about them. The study recommends that; board of directors should be more effective in ensuring that they communicate the decisions clearly and appropriately so that SACCO’s maximize shareholders wealth.

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Firm performance, vertical agency crisis and corporate governance of Indian listed companies

Cited by 13 publications

References 35 publications

Environmental management and firm performance on firm value moderated by good corporate governance

Environmental management and firm performance on firm value moderated by good corporate governance

The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country

Board Assurance and Financial Performance of Selected Saccos in Kiruhura District, Uganda

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