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Pandey, Krishna Dayal
- Board Independence and Sustainability Disclosure Practices in Indian Companies
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Authors
Affiliations
1 Assistant Professor in Commerce, Directorate of Distance Education, Vidyasagar University, IN
2 Assistant Professor, Department of Commerce, Vidyasagar University, IN
3 Professor, Department of Commerce, Vidyasagar University, IN
1 Assistant Professor in Commerce, Directorate of Distance Education, Vidyasagar University, IN
2 Assistant Professor, Department of Commerce, Vidyasagar University, IN
3 Professor, Department of Commerce, Vidyasagar University, IN
Source
Abhigyan, Vol 38, No 3 (2020), Pagination: 1-9Abstract
The study attempts to explore the effect of board independence, as an important corporate governance parameter, on the sustainability disclosures practices of 38 listed Indian companies during the period of 2013-17. Sustainability performance is measured with the help of content analysis considering Global Reporting Initiative (GRI) indicators in three major parameters, such as, social, economic and environmental. Using panel data regression analysis, the study finds a significant positive relationship between board independence and the economic parameter of sustainability disclosure. Finally, based on the findings, the study recommends the Indian corporate establishments to ensure independent board of directors for better sustainability performance. As a part of future research directions, the study thinks it is important to identify the factors that actually impact the other two measures of sustainability performance of Indian companies.Keywords
Corporate Governance, Board Independence, Sustainability Performance, Global Reporting Initiative, Panel Data Analysis.References
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- Investment Behaviour of Retail Investors Based on Individual Heterogeneity and Psychological Biases
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Authors
Affiliations
1 Associate Professor, Department of Commerce, Vidyasagar University, Midnapore 721102, West Bengal, IN
2 Assistant Professor, Department of Commerce, Uluberia College, Howrah 711315, West Bengal, IN
3 Assistant Professor in Commerce, Directorate of Distance Education, Vidyasagar University, Midnapore 721102, West Bengal, IN
1 Associate Professor, Department of Commerce, Vidyasagar University, Midnapore 721102, West Bengal, IN
2 Assistant Professor, Department of Commerce, Uluberia College, Howrah 711315, West Bengal, IN
3 Assistant Professor in Commerce, Directorate of Distance Education, Vidyasagar University, Midnapore 721102, West Bengal, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 63, No 3 (2021), Pagination: 310-325Abstract
The study examines how individual heterogeneity in respect of awareness and perceived risk attitude impacts the psychological biases like heuristics, prospects, markets and herding and thereby investment behaviour of retail investors. The study uses a structured questionnaire to collect direct responses from a sample of 450 retail investors from the state of West Bengal, India. It introduces Cronbach alpha for reliability test of the scale used, factor analysis including Kaiser-Meyer-Olkin (KMO) test to assess the relative importance of the factors considered under the variables, correlation coefficient and probit regression model to establish the relationship between the variables. The study finds awareness and perceived risk attitude to regulate one or the other psychological biases and thereby shape retail investor’s behaviour. The study provides important corollaries in the sense that it helps the stakeholders of the personal finance industry to critically understand the psychological interactions attached to the investment decisions of individual investors.Keywords
No Keywords.References
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