ANVESHAK-International Journal of Management

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A Comparative Study on Corporate Governance Practices in Public and Private Companies in India


Affiliations
1 Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
2 Assistant Professor, Departmentof BBA, Chandigarh University, Chandigarh, Punjab, India
3 Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
4 PGT Commerce, Kendriya Vidalaya Khairagarh – 491881, Chattisgarh, India
     

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An efficient, effective and futuristic corporate governance is considered the hallmark of sound business management. Corporate governance encompasses the internal and external dynamics of controlling and directing business. The purpose of this study is to compare public and private sector levels of corporate governance as per clause 49 with disclosure in financial reporting by size, profitability, the extent of international operations and nature of the industry. The main findings are that there is no difference between public and private sector mandatory corporate governance disclosure based on return on equity, return on assets, and nature of industry while a difference exists between public and private sector on the basis of size and extent of international operations.


Keywords

Corporate Governance, Disclosure, Financial Reports, Public and Private Companies, Practices
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  • A Comparative Study on Corporate Governance Practices in Public and Private Companies in India

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Authors

Payal Khandelwal
Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
Renu Sindh
Assistant Professor, Departmentof BBA, Chandigarh University, Chandigarh, Punjab, India
C. S. Preeti Yadav
Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
Radhey Shyam
PGT Commerce, Kendriya Vidalaya Khairagarh – 491881, Chattisgarh, India

Abstract


An efficient, effective and futuristic corporate governance is considered the hallmark of sound business management. Corporate governance encompasses the internal and external dynamics of controlling and directing business. The purpose of this study is to compare public and private sector levels of corporate governance as per clause 49 with disclosure in financial reporting by size, profitability, the extent of international operations and nature of the industry. The main findings are that there is no difference between public and private sector mandatory corporate governance disclosure based on return on equity, return on assets, and nature of industry while a difference exists between public and private sector on the basis of size and extent of international operations.


Keywords


Corporate Governance, Disclosure, Financial Reports, Public and Private Companies, Practices

References





DOI: https://doi.org/10.15410/aijm%2F2022%2Fv11i2%2F171516