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Sarpal, Shivan
- Board Size and Corporate Performance: An Empirical Investigation
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Authors
Affiliations
1 Commerce and Business Management Department, Guru Nanak Dev University, Amritsar, Punjab, IN
1 Commerce and Business Management Department, Guru Nanak Dev University, Amritsar, Punjab, IN
Source
International Journal of Business Ethics in Developing Economies, Vol 2, No 1 (2013), Pagination: 1-8Abstract
The subject of corporate governance has always been of keen interest to the researchers in the area of management and finance. This paper basically concentrates on the corporate board of directors which is an internal corporate governance mechanism. Since the effectiveness of boards counts on several characteristics such as board size, board composition, leadership structure etc, therefore considering this viewpoint, the present study is based on the analysis of board size of BSE listed companies in India. This analysis broadly embraces the relationship between board size and performance as represented by various indicators such as Operating Profit Margin, Return on Assets, Return on Equity, Earnings per Share and Tobin's Q. Spearman's rho correlation, One Way ANOVA and Kruskal-Wallis tests were applied to draw the inferences. Results of the study remained robust and thus concluded that both board size and firm performance were independent of each other as board size was not found to be associated with firm performance.Keywords
Corporate Governance, Board Size, Firm Performance
References
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- Disclosure of Corporate Voluntary Board Governance Practices in India
Abstract Views :200 |
PDF Views:1
Authors
Affiliations
1 Khalsa College, Amritsar, Punjab, IN
1 Khalsa College, Amritsar, Punjab, IN
Source
International Journal of Business Ethics in Developing Economies, Vol 6, No 2 (2017), Pagination: 21-35Abstract
The present paper deals with the current as well as hotly debated issue of increasing attention on the extent of governance practices followed by the corporates. In particular, it investigates the disclosure of sound board practices followed by the top listed companies in India by relying upon a Voluntary Board Governance Disclosure Index (VBGDI) developed in the study. The index has been constructed by following the requirements stated under Revised Clause 49 of the Listing Agreement (2004) and Corporate Governance Voluntary Guidelines (2009). In addition, the study has covered two time points in its dataset in order to examine an improvement in the disclosure of board governance practices by the corporates from the time point 1 (2005-06) to the time point 2 (2009-10). The testing has been performed by means of paired samples t-test and Wilcoxen signed rank test (for robustness testing) which has reported significant improvement for some selected board practices in particular and for overall disclosure score as a whole. Overall, the analysis suggests that the corporate voluntary disclosure of the board governance practices has been improved (but only for some items), however, there are certain influential practices which should be covered by the companies in the ambit of their governance frameworks so that the level of governance standards in India can be upraised. On the whole, it suggests the companies to incorporate more board governance practices in the spectrum of their governance disclosures.Keywords
Corporate Governance, Board Practices, Voluntary Guidelines, Disclosure Index, Time Points.References
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