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The IUP Journal of Corporate Governance
ISSN: 0972-6853
A ‘peer reviewed’ journal indexed on Cabell’s Directory,
and also distributed by EBSCO and Proquest Database

Jan'17

Previous Issues

The IUP Journal of Corporate Governance is a quarterly journal focusing on governance and ethics framework, role of boards, role of CEOs, CFOs and other senior management, role of other stakeholders, disclosure and transparency, regulation and best governance practices.

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Information to Authors
  • Governance & Ethics Framework
  • Role of Boards
  • Role of CEOs, CFOs and other Senior Management
  • Role of other Stakeholders
  • Disclosure & Transparency
  • Regulation
  • Best Practices
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Impact of Corporate Governance and Financial Parameters on Profitability of the BSE 100 Companies
Independent Directors and Corporate Governance: A Comparative Study of Indian and UK Provisions
Effectiveness of Board Structure in India and Germany: A Comparative Study
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Contents
(Jan 2017)

Impact of Corporate Governance and Financial Parameters on Profitability of the BSE 100 Companies

--Parul Kumar, Neha Kumar, Sunil K Gupta and R K Sharma

Corporate Governance is an act or manner of governing a company. It aims at promoting fairness, transparency and accountability of an entity. This paper attempts to study the extent to which the BSE 100 listed firms are following the corporate governance guidelines that are mandatory for the firms to adopt. Also the effect of corporate governance on the profit, return on equity and return on capital employed of the company is analyzed for the year 2015. The paper also aims to study the impact of financial variables on the company’s profitability by way of stepwise regression analysis. The results of the study show that earnings per share, leverage, net worth, size of the company and share price are more or less the major factors that significantly impact the return and profit-earning capacity of any company. From the models, it is clear that with better corporate governance scores, firms can achieve greater returns on their capital invested. The results also state that 73% of the companies in the sample abide by all the regulations of the corporate governance. With the revision of corporate governance guidelines in terms of scope of independent directors, whistleblower policy, disclosure requirements and many more, other firms are also working towards achieving better scores and thus churning more profits.

Article Price : Rs.50

Independent Directors and Corporate Governance: A Comparative Study of Indian and UK Provisions

--Kamal Kishore

Corporate governance is now perceived to be a good strategy that leads to long-term sustenance of business. Most regulations focused importantly on the role of independent directors in fostering good and responsible corporate governance. While board of directors, as central decision-making authority in companies, play a pivotal role in furtherance of corporate governance, the role of independent directors in this respect has become more critical. The effectiveness of his role hinges on, in addition to his own quality and competence, on various other factors, which may pose serious challenge for him. It has, therefore, become important to study different provisions relating to independent directors in India and compare the same with corresponding provisions from another leading jurisdiction, to assess the overall framework of independent directors on a comparative basis. This paper attempts to delineate various commonalities and differences between Indian provisions on corporate governance as contained in new Companies Act and its corresponding provision in the UK, known as UK Code of Corporate Governance.

Article Price : Rs.50

Effectiveness of Board Structure in India and Germany: A Comparative Study

--Aratrika Choudhuri

Board structures constitute an integral component of corporate governance, for they influence corporate growth and are governed and regulated by legal and regulatory framework in order to protect shareholders’ rights and curb malpractices. This paper analyzes the multifarious attributes of board structure which influence board effectiveness, and explores the interplay of firm performance and variations in such board structures. At present, two prevalent board structures exist: a one-tier board or unitary model, as extant in India, and a two-tier board or dual model, as extant in Germany. Yet, scholars have been inconclusive about favoring one model over the other and have traditionally based their arguments on theoretical approaches. This paper aims to assess the effectiveness of the distinct board systems, based on an assessment of the contrasting experiences of these models.

Article Price : Rs.50
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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

more...