Research on examining the relationship between the extent of related party transactions (RPTs) and the firm performance lack consensus. To further investigate this relationship, we use data of a sample of 483 Indian companies listed at National Stock Exchange (NSE) for the period 2013-2017. Based on analysis of data using panel regression, we observe that different forms of RPTs - income, expenses, borrowings and Loans, bank guarantee - do not lead to enhancement of the firm performance. However, the income from related parties are found to be negatively associated with firm performance. This is consistent with the hypothesis of principal-principal or manager conflict in corporate governance.
Financial literacy has gained tremendous importance in the last couple of decades with financial services becoming as fastest growing segment and driving economies. The government and institution have started focusing on financial literacy and financial inclusion to target inclusive economic growth, thus leading to a large body of research on the subject. The purpose of this paper is to review all aspects of financial literacy and its evolution along with financial inclusion. The study was done by doing a keyword search along with detailed cluster review of 70 research papers. The main finding of this analysis is that financial literacy efforts and studies needs to be done along with impact assessment on financial inclusion. Both these metrics have to be studies together in order to achieve a comprehensive analysis. The study can be used as a reference for researchers and policy makers to conduct further studies and review current efforts.
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