Economics and Business
Social Sciences
University: | Indira Gandhi Institute of Development Research |
Completed Date: | 2008 |
Abstract: | India has undertaken a series of institutional and policy reforms to attract foreign investment and increase competition among Indian companies. In this context, a large number of corporate governance reforms have been initiated to strengthen internal governance mechanisms as well as facilitate external governance mechanisms like the market for corporate control. This thesis aims to contribute to the existing literature on corporate governance by presenting three essays on the relationship between governance mechanisms and firm performance by analyzing publicly traded companies in India.
newlineThe first essay addresses the relationship between ownership concentration and firm value by investigating the effects of insider and outsider ownerships. It also attempts to see if outside investors coordinate among themselves to utilize their increased blockholdings. The study finds a significant U shaped curvilinear relationship between firm value and the fraction of voting rights owned by insiders. The curve slopes downward until the insider ownership reaches approximately between 45% and 63% respectively for business group and standalone companies and then slopes upward. Empirical results on ownership concentration by outside blockholders do not support the monitoring hypothesis by these investors. Furthermore, the coordinated behavior of largest two outside blockholders has value increasing (decreasing) impact on firm value when the collective control is located in the lower (higher) range. Coordination problem further exacerbates if the largest two outsiders are private corporate bodies.
newlineThe second essay examines the role of mergers and acquisitions on value creation for minority shareholders by estimating performance of acquiring firms. The literature is divided in its opinion about the impact of concentration of ownership on firm performance. On the one hand, concentration of ownership that, in turn, concentrates management control in the hands of a strategic investor eliminates agency problems associated with dispersed |
Pagination: | xvi, 142p |
URI: | |
Appears in Departments: |
|
File | Description | Size | Format | |
| Attached File | 51.02 kB | Adobe PDF | |
| | 52.42 kB | Adobe PDF | |
| | 215.88 kB | Adobe PDF | |
| | 49.27 kB | Adobe PDF | |
| | 67.94 kB | Adobe PDF | |
| | 120.66 kB | Adobe PDF | |
| | 50.02 kB | Adobe PDF | |
| | 152.21 kB | Adobe PDF | |
| | 656.85 kB | Adobe PDF | |
| | 852.85 kB | Adobe PDF | |
| | 745.91 kB | Adobe PDF | |
| | 180.89 kB | Adobe PDF | |
| | 347.35 kB | Adobe PDF | |
| | 117.24 kB | Adobe PDF | |
Items in Shodhganga are licensed under Creative Commons Licence Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0).
advancing Oklahoma scholarship, research and institutional memory
- SHAREOK TM Home
- The University of Oklahoma
- OU - Dissertations
Essays in Corporate Governance
Collections
- OU - Dissertations [9472]
- DOI: 10.54783/jemba.v2i1.36
- Corpus ID: 272035140
The Effect of Good Corporate Governance Mechanism on Company Financial Performance with Company Size As a Moderating Variable
- Tya Thirani Lea Gogalim , Diyah Pujiati , Agus Samekto
- Published in Journal of Economics… 22 July 2024
- Business, Economics
Tables from this paper
14 References
Board of directors, audit committee, and firm performance: evidence from greece, analisis good corporate governance dan corporate social responsibility terhadap kinerja keuangan pt bank danamon indonesia tbk periode 2014 – 2016, pengaruh corporate governance dan struktur kepemilikan terhadap kinerja keuangan perusahaan.
PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA
Pengaruh good corporate governance terhadap kinerja keuangan dengan manajemen laba sebagai variabel intervening pada perusahaan perbankan yang terdaftar di bursa efek indonesia, pengaruh good corporate governance, pengaruh intellectual capital, good corporate governance, dan ukuran perusahaan terhadap kinerja keuangan perusahaan perbankan yang terdaftar di bursa efek indonesia, pengaruh good corporate governance, leverage, struktur modal dan ukuran perusahaan terhadap kinerja keuangan pada perusahaan sektor aneka industri yang terdaftar di bursa efek indonesia, pengaruh firm size dan leverage ratio terhadap kinerja keuangan pada perusahaan pertambangan, related papers.
Showing 1 through 3 of 0 Related Papers
IMAGES
VIDEO
COMMENTS
191 samples. Corporate governance is a set of policies and rules used to direct and control a company's operations. It is essential for managing a firm and balancing the interests of the stakeholders, shareholders, executive directors, suppliers, and customers. Accountability, transparency, fairness, and responsibility form the corporate ...
Corporate Governance: Definition, Principles, Models, and ...
Corporate governance has been defined in various ways from "the system by which companies are directed and controlled" (Cadbury, ... In this essay, we highlight key changes in the corporate governance context over the past two decades and provide scholars a roadmap for future research. The newly transformed shareholder landscape and the ...
Get a custom essay on Ethics and corporate governance. Likewise, corporate governance is the process in which corporate boards administer the operation of an organization by its managers, and the way the board members are held answerable to the organization and shareholders. This contains some inferences for organization or company behaviour ...
Conclusion. In summary, corporate governance refers to the system that ensures the control and management of organisations. It enshrines the components of the long-term relationship between the owners of an organisation and the management. A sound corporate governance system should take into account the interests of the firms, the shareholders ...
Read more on Corporate governance or related topics Boards and Business history. Lynn S. Paine is a Baker Foundation Professor and the John G. McLean Professor of Business Administration, ...
Corporate Governance Essay INTRODUCTION Definition Corporate governance is a mechanism to control and monitor corporate behaviour. It comprises of the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders.
Associate Professor Aiyesha Dey discusses how the case, "Scott Tucker: Race to the Top," examines the role of individual leaders in the corporate governance system, as well as their responsibility for creating a positive corporate culture that embodies ethics, self-restraint, and a commitment to serve. Open for comment; 0 Comments.
The present paper is an attempt to trace the history of corporate governance. It starts with discussing various theories which led to the development of such an important concept and then dwells ...
Essays in corporate governance Pedram Fardnia, Ph.D. Concordia University, 2020 Corporate governance is a heavily researched area in the finance literature, with previous studies exploring a multitude of variables that describe a firm's board structure, management,
Corporate Governance Essay. Sort By: Page 1 of 50 - About 500 essays. Decent Essays. Corporate Governance. 976 Words; 4 Pages; Corporate Governance. Corporate Governance Corporate Governance is the relationship between the shareholders, directors, and management of a company, as defined by the corporate character, bylaws, formal policies and ...
In "Corporate Governance Essay" the concept of corporate governance will be considered as widely and accessible as possible. For all intents and purposes, the term 'Corporate Governance' was formally defined in 1992 by the Cadbury Report in the first version of the UK Corporate Governance Code. It was defined as 'the system by which ...
Working Papers ; Case Studies ; Research Labs & Initiatives . Cities, Housing & Society Lab ... A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide takes an in-depth look at the Principles of Corporate Governance. Related
Corporate governance in itself has no single definition but common principles which it should follow. For example in 1994 the most agreed term for corporate governance was "the process of supervision and control intended to ensure that the company's management acts in accordance with the interest of shareholders" (Parkinson, 1994)1.
Corporate Governance: An International Review is a business management journal publishing cutting-edge research on corporate governance throughout the global economy. ... Please see our dedicated page for the current list of Calls for Papers and Proposals. The journal welcomes submissions within the scope of each call. "Corporate Governance ...
This chapter introduces corporate governance, which has received growing attention and interest over the years. It first looks at the history of corporate governance and the evolution of certain codes and other regulation forms. It then studies the mechanisms and processes of corporate governance, before taking a look at the various life-cycle ...
1 page / 668 words. Corporate governance refers to the formally established guidelines that determines how a company runs. It is the system of rules, practices and processes by which a company is directed and controlled. It involves balancing the interests of a company's shareholders, management, customers, suppliers, financiers, government...
Choi, Wonseok, Essays on Corporate Governance. Doctor of Philosophy (PhD), August, 2017, 81 pp., 16 tables, 68 references. Corporate governance is one major research topic in financial economics. Studies in this. area explore how much severe agency problems firms have and how to mitigate such agency.
Introduction. Corporate social responsibility (CSR) is a form of corporate self-regulation incorporated into the business, which functions as an instrument by which a corporation examines and ensures its active conformity with the provisions of the law, ethical norms, and global practices. Get a custom critical writing on Corporate Governance ...
Corporate governance guides how a company is directed and its relationships with its shareholders and stakeholders. With the right structure and systems in place, good corporate governance enables companies to create an environment of trust, transparency and accountability, which promotes long-term patient capital and supports economic growth and financial stability.
There are have been various definition s of corporate governance but for the purpose of this essay ,'Corporate governance refers to the way in which companies are governed, and to what purpose it is concerned with practices and procedures for trying to ensure that a company is run in such a way that it achieves its objectives this could be to maximize the wealth of its owners its ...
This thesis aims to contribute to the existing literature on corporate governance by presenting three essays on the relationship between governance mechanisms and firm performance by analyzing publicly traded companies in India. newlineThe first essay addresses the relationship between ownership concentration and firm value by investigating the ...
Metadata. This dissertation is a collection of three essays that investigate the role and importance of corporate governance in public and private firms. Chapter 1, investigates the role of governance characteristics in determining the probability of a firm undergoing a going private transaction. Firms with greater board control are more likely ...
This research aims to examine the influence of good corporate governance mechanism consisting of independent commissioners, institutional ownership, and audit committees on company financial performance which is moderated by company size. This research used 86 companies with a population of manufacturing industry companies in the property and real estate sectors listed on the Indonesia Stock ...