Corporate Governance and Capital Structure of Small Business Service Firms in India

Abstract

<p>This study examines the relationship between corporate governance and capital structure of small business service firms in India. This study also seeks to extend the findings of Gill <em>et al.</em> (2012). The owners of small business service firms in the Punjab area of India were surveyed to collect data. Subjects were asked about their perceptions, beliefs, and feelings regarding the corporate governance and capital structure of their small business service firms. Results show that CEO Duality, Board Size, Small Business Growth, and Family positively impact on the capital structure of small business service firms in India. This study contributes to the literature on the relationship between corporate governance and capital structure of small business firms. The findings may be useful for small business management consultants.</p

Energy consumption, human capital investment and economic growth in South Africa: a vector error correction model analysis

“…Although numerous studies have investigated the relationship between energy and economic growth both at the aggregated and sectoral levels (Mielnik and Goldemberg, ; Ziramba, ; Kebede et al ., ; Bildirici et al ., ; Ben Amar, ; Bildirici and Bakirtas, ; Ilesanmi and Tewari, ) as well as between economic growth and aggregate capital investment (Oh and Lee, ; Perkins et al ., ; Adebola, ; Gill et al ., ; Yildirim and Aslan, ), little attention has given to the role of human capital as it is seldom discussed in most literature although it has been recognized as a vital contributor to economic growth for a long time (Fang and Chang, ). Also, none have studied the distinction between economic and social investment and their impact on economic growth as well as energy consumption.…”

Analisis Pengaruh Tata Kelola Perusahaan terhadap Struktur Modal dengan Kualitas Laporan Keuangan sebagai Mediator pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

“…Fungsi pengawasan dewan sangat penting dalam perspektif toeri keagenan, karena pembuatan keputusan berada pada manajemen puncak, maka dewan harus senantiasa mengawasi keputusan perusahaan secara keseluruhan (Jensen & Meckling, 1986). Johnson et al (1996), Wen et al (2002) dan Graham et al (2011) Kajananthan (2012), Ahmadpour et al (2012), Sheikh & Wang (2012), Gill et al (2012), Hussainey & Aljifri (2012);dan Abor (2007), menyatakan bahwa semakin besar jumlah dewan direksi dalam satu perusahaan, maka hutang perusahaan akan semakin besar. Hal ini bisa terjadi karena dengan semakin besar dewan direksi, mereka mempunyai jaringan yang besar, keahlian yang lebih besar sesuai bidangnya sehingga tata kelola perusahaan menjadi lebih baik, dan memberikan kepercayaan di mata investor untuk meminjamkan dananya bagi perusahaan.…”

“…Hasil penelitian ini konsisten dengan penelitian terdahulu oleh Corsi & Prencipe (2015), Marand (2015), Boochani & Moradi (2012), Hussainey & Aljifri (2012), Mousavi et al (2012), Rehman et al (2010). Tetapi bertolak belakang dengan penelitian oleh Jaradat (2015), Agyei & Owusu (2014), Akbari & Rahmani (2013), Ganiyu & Abiodun (2012), Kajananthan (2012), Ahmadpour et al (2012), Sheikh & Wang (2012), Gill et al (2012), Heng et al (2012), Vakilifard et al (2011). …”

Governance in small firms - a country comparison of current practices

“…The study of corporate governance in small firms is still in its early stages of development (Audretsch and Lehman, 2011;Gill et al, 2012;Lappalainen and Niskanen, 2012). The few empirical studies that have been conducted have mostly used a positivist methodology (e.g., Gabrielsson, 2007;Uhlaner et al, 2007a;Lappalainen and Niskanen, 2012), were quantitative methods have been used to test for significant relationships between the types of variables, for example, the characteristics of the board of directors, that have been associated with the study of corporate governance in listed firms.…”