Corporate governance in India: A systematic review and synthesis for future research

Abstract

The present study aims to review systematically the state of the art of corporate governance in India. The study uses a sample of 161 published research papers extracted from 101 journals and 17 publishers' databases. The results indicated that 151 studies investigated the board of directors' issues, 90 studies analyzed ownership structure, 64 studies discussed audit committee attributes, and 11 articles studied audit quality. The results provided that among corporate governance issues, board and audit committee independence, foreign and institutional ownership have the highest and majority focus of research in India. In terms of the relationship of corporate governance with other areas, the results exhibited that financial performance has a major concern in prior research. The results also indicated that there is a lack of studies that have samples after 2015. Further, the results observed that there are numerous conceptual repetitive studies and the majority of the studies followed either descriptive statistics or basic regression analysis. The current study provides an insight for academicians, policymakers (e.g.,

Moderating effects of corporate governance mechanism on the relation between capital structure and firm performance

“…The relationship between CG and other fields, the results show that financial performance is a major concern in previous studies (Almaqtari, Al-Hattami, Al-Nuzaili, & Al-Bukhrani, 2020). Ishii and Metrick (2003) state that CG in developing countries serves as a major objective in organizational success and can reduce the possibility of financial crises and management conflicts.…”

Impact of corporate governance mechanism on IFRS adoption: A comparative study of Saudi Arabia, Oman, and the United Arab Emirates

“… In terms of market capitalization, top companies have been given priority in the selection after considering the above criteria.

Figure 1 Sampling (Source: Almaqtari et al., 2020 , Almaqtari et al., 2020 , Almaqtari et al., 2020 ).

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“…Further, it is found that greater board independence is associated with more comprehensive statutory and greater disclosure (e.g., Nelson et al., 2010 ; Chen and Jaggi, 2000 ; Owusu-Ansah and Yeoh, 2005 ; Chen and Jaggi, 2000 ; Juhman 2017 ). Different studies also advocate that there is a positive relationship between board independence and different aspects of financial reporting (e.g., Hashed and Almaqtari, 2020 ; Almaqtari & Hashed et al., 2020 ; Farhan et al., 2020 ; Almaqtari & Shamim et al., 2020 ; Almaqtari & Al-Hattami et al., 2020 ; Al Maqtari et al, 2020 ; Farhan et al., 2020 ). Furthermore, Bradbury et al.…”

Factors influencing environment disclosure quality and the moderating role of corporate governance

“…While some firm-level factors were consistently associated with disclosure, the results were more mixed when related to corporate governance factors. Almaqtari et al (2020) recently reviewed 161 published articles related to CG in India, their recommendation that the next agenda for research includes the impact of corporate governance on environmental disclosure. Moses et al (2020) concluded that in most developed countries, effective board governance can improve sustainability performance and the quality of the sustainability report, there are mixed conclusions.…”