Ownership Characteristics,Corporate Social Responsibility, Resource Productivity And Firm Performance: An Empirical Study

Prince, John Ben

doi:10.1177/09746862211007035

Cited by 4 publications

(3 citation statements)

References 55 publications

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“…They also report that companies that are open to institutional investors and have more board members tend to demonstrate a superior reputation. Similarly, Prince (2021) also reports that the ownership variables significantly positively influences a company’s reputation. Ajay and Madhumathi (2015) have reported that Indian companies having higher INS tend to have better earnings quality thus constraining the management from misusing their powers to misrepresent the company’s earnings.…”

Section: Literature Review and Hypotheses Formulationmentioning

confidence: 95%

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Pinto¹,

Rastogi

Kanoujiya

2022

Indian Journal of Corporate Governance

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This article evaluates the influence of ownership structure (OS) components on dividend distribution policy in India. More precisely, it aims to comprehend the impacts of promoters’ shareholdings (PRMS), institutional investors’ shareholdings (INS) and retail investors’ shareholdings (RIS) on dividends of Indian listed companies. This article uses equity dividend divided by book value (DNW) to determine the dividend distribution policy for the selected panel of 80 listed companies for the period of 5 years (2016–2020). The static as well as dynamic panel data regression models are applied in the study. The static panel data regression results exhibit that none of the three OS explanatory variables (PRMS, INS and RIS) affect significantly the dividend distribution policy of Indian listed companies. Similar results are depicted by the dynamic panel data regression model also, thus ensuring robustness of the results. Hence, this article does not find support for agency theory, signalling theory and clientele effect. The study recommends that investors need not consider the composition of shareholding pattern of a company to have any significant influence on dividends while making their investment-decisions. The findings also add to the increasing studies across the globe evaluating the influence of OS on dividends.

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Section: Literature Review and Hypotheses Formulationmentioning

confidence: 95%

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Pinto¹,

Rastogi

Kanoujiya

2022

Indian Journal of Corporate Governance

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“…Literature on CSR and competitiveness suggests the need for studying various types of resources, their allocation and productivity related to firms' CSR activities in the Asian context (Battisti et al, 2022). In the Asian developing country context, a handful of studies Figure 7 CSR-led competitiveness resources generation have looked at the challenges and outcomes of resource mobilization for CSR activities (Khan et al, 2019;Nair and Som Sekhar, 2019;Prince, 2021;Le, 2022). Studies have also looked at the impact of country-specific regulatory changes (for example, India's mandatory CSR laws) on the resource allocation, productivity and competitiveness of firms doing CSR in the country (Nair and Som Sekhar, 2019;Prince, 2021).…”

Section: Cluster 2: Corporate Social Responsibility-led Competitivene...mentioning

confidence: 99%

“…In the Asian developing country context, a handful of studies Figure 7 CSR-led competitiveness resources generation have looked at the challenges and outcomes of resource mobilization for CSR activities (Khan et al, 2019;Nair and Som Sekhar, 2019;Prince, 2021;Le, 2022). Studies have also looked at the impact of country-specific regulatory changes (for example, India's mandatory CSR laws) on the resource allocation, productivity and competitiveness of firms doing CSR in the country (Nair and Som Sekhar, 2019;Prince, 2021). Such studies find that firm's face unique challenges in orchestrating resource-based strategies for CSR-led competitiveness in Asian contexts, and more research is required to detail these nuances (Nair and Som Sekhar, 2019;Battisti et al, 2022).…”

Section: Cluster 2: Corporate Social Responsibility-led Competitivene...mentioning

confidence: 99%

A corporate social responsibility (CSR)-led competitiveness framework through a bibliometric analysis (2001–2023)

Kumar,

Snehvrat,

Kumari

et al. 2024

JABS

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Purpose Corporate social responsibility (CSR) is viewed as a differentiating strategy that wins over stakeholders’ confidence. Due to the potential strategic and positive effects on businesses, the study of CSR and its relationship to competitiveness has gained relevance. While studies have examined the impact of CSR activities on firm competitiveness, the findings so far remain contradictory. Further research on the underlying processes/mechanisms that explain how CSR contributes to competitiveness remains scarce. Accordingly, this study aims to look into the link between CSR and competitiveness with a focus on Asian business and management studies. Design/methodology/approach By using a bibliometric approach, this paper aims to provide a review of the state-of-the-art research on the linkage between CSR and competitiveness in Asian context. The sample for this research included all 538 studies from the period of 2001–2023 in the Scopus database. A bibliometric study included both co-occurrence and co-citation analysis. Findings The study’s findings made significant contributions by identifying seven distinct clusters of co-occurrences. Using co-citation, three journals-based co-citation clusters and another three authors-based co-citation clusters are identified. The findings show how processes/mechanisms such as – accountability, multi-stakeholder dialogue/engagement, resource generation, emphasizing sustainable development goals and emerging markets, redefining strategy, cultivating value/vision and CSR leadership – are increasing in importance. Practical implications Overall, the authors argue that CSR-led competitiveness is indeed one of the key drivers for improved sustainability performance of a firm. Originality/value Based on findings, a conceptual framework has been proposed highlighting different processes and mechanisms that influence the CSR-led competitiveness – outcomes relationship.

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Demystifying the nexus between ownership structure and performance: A study of the emerging market

Debnath

Dey

Mazumdar

et al. 2022

CBSR

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The main aim of this research is to study the effect of ownership structure (OS) on corporate performance after the application of the Companies Act, 2013 considering fast-moving consumer goods (FMCG) sector firms listed on the Bombay Stock Exchange. This study applies the regression technique on panel data for five years, from FY 2015–2016 to FY 2019–2020. The study has used market-based performance (market capitalization) and accounting-based performance (return on capital employed) as dependent variables to investigate the impact of OS (ownership concentration (OC) and owners’ identity (OI)) on firm performance. The findings demonstrate that OC measured by Hirschman–Herfindahl index (HHI) proposed by Demsetz and Lehn (1985) has a significant positive impact on accounting and market-based performance. The comparative analysis revealed that OI has a more significant impact on market-based performance than accounting performance. The result further reported that promoter ownership, institutional ownership, and body corporate holdings positively correlate with market-based performance. This study contributes to the existing corporate governance literature by evaluating the nexus between OS and corporate performance in the Indian context and enriches the existing literature, which will be important input for regulators, investors, and policymakers to take an informed decision. The study symbolizes the emerging market, one of the most attractive destinations for cross-country capital investment where corporate ownership structure differs from developed markets.

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Ownership Characteristics,Corporate Social Responsibility, Resource Productivity And Firm Performance: An Empirical Study

Cited by 4 publications

References 55 publications

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

A corporate social responsibility (CSR)-led competitiveness framework through a bibliometric analysis (2001–2023)

Demystifying the nexus between ownership structure and performance: A study of the emerging market

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