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Corporate
Governance Reporting by Indian Companies: A Content Analysis
Study
- Anil
Gupta, Ajit P Nair and Ratnaja Gogula
Based
on a content analysis study, this paper examines corporate
governance reporting by 30 Indian companies, which form the
BSE Sensex. Using the regulation of Securities and Exchange
Board of India, the findings indicate that though the firms
are providing information related to all the nine dimensions
of corporate governance reporting, a deeper analysis indicates
that the disclosures are still inconclusive and the variation
within the companies is also high. Using ordinary least squares
regression method, the significant determinants of corporate
governance disclosures are size of the company, number of
independent directors, and overseas listing status.
©
IUP. All Rights Reserved.
Corporate
Governance and Environmental Reporting: Practices in India
and Abroad
- Anupam
Ghosh, Paresh Mishra and Ratnaja Gogula
This
paper highlights the importance of environmental reporting
in effective corporate governance. It studies the environmental
reporting patterns of companies from major Asian economies
and finds out the reasons for such disclosure patterns. The
reporting practices of Indian companies have been studied
in detail and compared with 25 major companies across six
continents of the world, which are global benchmarks in environmental
reporting. Indian companies stand poorly in this sphere of
corporate governance. A new framework for environmental reporting
has been proposed that will address the existing gaps in reporting.
©
IUP. All Rights Reserved.
The
Most Visible Indian Corporate Reputations
- Gina
George, Nupur Hetamsaria and Ratnaja Gogula
Corporate
reputation is a relatively new terminology. In these turbulent
times, managing reputation is of utmost importance for businesses.
This paper studies the various definitions of corporate reputation
and the need to manage it. While many magazines and agencies
conduct surveys and publish findings on the most admired or
best managed companies in India, most of them are based on
financial performance, market capitalization, and views of
researchers or analysts on the management of companies. But,
what is the view of the general public? Are the largest or
most profitable companies, the most reputed ones in India?
The paper ranks Indian companies based on nominations received
from the general public to arrive at the 10 most visible,
most reputed and worst companies in India. It also tries to
find out if measures such as age, size, media exposure and
the number of employees have any relationship with reputation.
©
IUP. All Rights Reserved.
Corruption
and Ethical Behavior: Experiences
from Denmark
- Adam Lindgreen
We
define corruption as private individuals or enterprises misusing
public resources for private power and/or political gains
through the abuse of public officials whose behavior deviates
from the formal government rules of conduct, and `ethical
behavior' as adhering to a non-corrupt business practice.
We conduct a review of the academic literature drawing on
perspectives from the political, economic, and anthropological
sciences, and we report on the experiences with a Danish program
that identifies five different strategies for dealing with
corruption: No strategy; withdrawals from markets; decentralized
decision-making process; establishment of an anticorruption
codex; and mutual commitment through integrity pact. Four
aspects of ethical behavior should be regulated through an
anticorruption codex: the companyvis-à-vis parties;
gifts and entertainment expenses; political campaign contributions;
and policy against small-scale corruption. We consider directions
for future research, for example the role of international
organizations and multinational companies vis-à-vis
fighting corruption and fostering ethical behavior, the role
of countries and their governments, and management systems.
©
IUP. All Rights Reserved.
Virtual
Enterprise Networks: The Fifth Element
of Corporate Governance
- Nicholas
C Georgantzas
Although
still flying low under the popular business media's collective
radar, virtual enterprise networks (or nets) do receive increased
attention in the strategic management literature. A virtual
enterprise network (VEN) is a system of autonomous firms that
collaborate to achieve common business objectives. VENs give
participants a competitive edge in markets demanding agility
and rapid response. Seen as an emerging transactional exchange
governance (TEG) form within transaction cost economics (TCE),
VENs and the relations among firms that form them posit challenges
for researchers and managers. VENs differ substantially from
markets and hierarchies, and from recurrent and relational
contracts, utterly changing what it means to be a firm in
today's business. This essay explores alternative TEG forms,
their characteristics and the criteria that bear on the choice
of corporate governance: flexible specialization, market uncertainty,
product (good or service) complexity, reliance on trust, risk,
self-organization, shared knowledge, and socio-territorial
cohesiveness. The essay offers propositions on the relations
among economic criteria and the choice of transactional exchange
governance forms by exploring the dynamics of a generic TEG
structure. This is a system dynamics simulation model that
partially offsets the shortcomings of TCE and points to the
potentially rich contribution of system dynamics, to exploring
VENs beyond the ideal-type TEG forms of markets and hierarchies
that dominate TCE literature.
©
Nicholas C Georgantzas. Originally published in the Human
Systems Management Journal, 2001, Vol. 20, Issue 3. Reprinted
with permission. |
