Apr'21


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

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.

Privileged access to Online edition for Subscribers.

Focus Areas
  • 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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Article   Price (₹) Buy
The Impact of Ownership Structure on the Financial Performance of Indian Corporate Sector
50
Corporate Governance in Banking: A Systematic Literature Review
50
Corporate Governance: Literature Review on Agency Costs and Pieces of Evidence on Different Perspectives
50
       
Contents : (Apr 2021)

The Impact of Ownership Structure on the Financial Performance of Indian Corporate Sector
Ruchita Verma, Dhanraj Sharma and Priyanka

The aim of the study is to investigate the effect of ownership structure on the accounting-based performance of the Indian corporate sector. The study employs panel data regression for establishing an association between ownership and firm's performance on a sample of 40 companies listed on the National Stock Exchange (NSE) for the period of seven years, i.e., 2013-14 to 2019-20. By using cross-sectional time-series Feasible Generalized Least Squares (FGLS) regression, it is observed that foreign ownership and government ownership have a positive impact on the financial performance (ROA and ROCE), while directors' ownership exerts a negative effect on ROA and ROCE. The study found a positive impact of liquidity ratio and a negative effect of the leverage ratio and firm size. The study did not find an association between institutional ownership and corporate ownership with financial performance. This study contributes to the existing financial literature and will benefit the shareholders and other stakeholders in better understanding the ownership structure and its implication on accounting-based financial performance. This study employs a range of ownership structure measures, instead of focusing on a single measure. Furthermore, different types of panel data regression techniques are used in the study.


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Article Price : Rs.50

Corporate Governance in Banking: A Systematic Literature Review
Ranajee, Saumita Roy, Sreya Roy Chowdhury and Prashant Dixit

Banking is a responsible business based on trust and fairness. Corporate governance in banking institutions becomes crucial in navigating through the uncertain world we live in. This topic has piqued the attention of a wide variety of scholars around the world, and it has gained momentum in recent years. The aim of this study is to identify the key contributors, key areas, current trends, and potential research directions. The paper uses a systematic literature review methodology, as well as bibliometric and content analysis, to examine 311 studies from the Scopus database. Citations and PageRank are used to classify the most influential papers as well as the most influential contributors. A co-citation network was developed to see the conceptual framework of this research area. The study identifies research discrepancies, and seven actionable research paths are proposed for the future.


© 2021 IUP. All Rights Reserved.

Article Price : Rs.50

Corporate Governance: Literature Review on Agency Costs and Pieces of Evidence on Different Perspectives
Shubhi Agarwal and Archna Singh

This paper intends to review different pieces of literature that try to establish a link between the tools of corporate governance and agency costs. Tools of corporate governance play a key role in reducing agency costs. The paper focuses on reviewing the literature on ownership structure, firm structure, board structure, and remuneration structure extensively. The paper reviews many aspects of ownership structure as well as firm structure, i.e., institutional ownership, non-institutional ownership, managerial ownership, firm age, and firm size. The works of literature have cited many way outs as strong institutional ownership, managerial ownership, board size, frequency of board meetings, board independence, board composition, board ownership, remuneration structure, and firm age as well as size can be beneficial in eliminating agency costs. The paper uses a descriptive research design. A lottery system of random sampling is used while selecting different kinds of literature reviews of ownership as well as remuneration structure. The paper takes the 2004-2019 time period for reviewing literature. The period is selected based on convenience sampling. The extensive review of literature will enlighten the research scholars as well as academicians in understanding the problem of agency and how tools of corporate governance will help in reducing agency costs.


© 2021 IUP. All Rights Reserved.

Article Price : Rs.50

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