Do Board Characteristics Impact the Market Performance of Indian Banks?

Shukla, Ankur; Narayanasamy, Sivasankaran; Dasgupta, Shilpee A.

doi:10.18488/journal.aefr.2018.811.1365.1383

Cited by 6 publications

(6 citation statements)

References 58 publications

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“…In higher innovativeness level it entails a weaker relationship between CL and Firm Performance. This finding support (O'Brien et al, 2003;Shukla, Sivasankaran & Dasgupta 2018) that small firms with a local CL tend to be at the lower end of the innovativeness scale. Surprisingly, innovativeness was not moderate the relationship between differentiation strategy and firm performance.…”

Section: Discussionsupporting

confidence: 77%

The Role of Multi Dimensional EO in the Competitive Strategy - Performance Link

Basbeth¹,

Ramli²,

Razik³

et al. 2019

RWE

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Despite the increase market in catering industry by 37% per year, the number of SME-catering service firms is only 30.000, or only 5% from the total number of SME in 2016. From 30,000 registered catering service company, only 10% is an active business with annual growth rate (3%). In order to achieve competitive advantage and growth, firms will develop appropriate competitive strategy, strategy which directly relate to firm performance. The purpose of this paper is to develop a better understanding of the relationship between competitive strategy and firm performance in a different entrepreneurial orientation (EO) dimension. The statistical results revealed a) innovativeness, risk taking and proactivenss were found to have a significant and positive moderating effect on the relationship between differentiation strategy and firm performance b) innovativeness, risk taking and proactivenss were found to have a significant and positive moderating effect on the relationship between CL strategy and firm performance.

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Section: Discussionsupporting

confidence: 77%

The Role of Multi Dimensional EO in the Competitive Strategy - Performance Link

Basbeth¹,

Ramli²,

Razik³

et al. 2019

RWE

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“…(2016) and Reguera-Alvarado et al(2017), who also revealed a positive association between gender diversity and performance. Though, this disputes the work ofAnkur et al (2018), who found a negative influence on performance. Looking at the ACEXP, increased audit committee expertise positively and significantly influences market performance.…”

mentioning

confidence: 60%

“…When assessing a firm's performance, different financial ratios such as return on capital employed (ROCE), return on assets (ROA) and return on equity (ROE) are applicable (Awinbugri & Prince, 2019). The measure of firm performance used was Tobin's Q, because it evaluates both the market values of the business and the book values (Ankur et al, 2018;Ojeka et al, 2019b), it is a widely known standard indicator of long-run company performance. The utilization of the market value of equity will identify the future growth prospects of the business that could occur from exogenous factors to managerial decisions (Shan & McIver, 2011).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Omotoye

Adeyemo

Omotoye

et al. 2021

Banks and Bank Systems

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This paper aims to discover the association between various audit committee and board attributes and the market performance of listed deposit money banks in Nigeria. The study intends to determine the influence of audit committee size, gender diversity, expertise, board size and board shareholding on market performance (measured by Tobin Q). Panel data was gathered from twelve (12) banks listed on the Nigerian Stock Exchange from 2013 to 2017. The study used fixed and random regression analysis. The results concluded that the association between audit committee size, board size and Tobin Q was negatively significant. There was a positively significant impact of audit committee gender diversity and audit committee expertise on Tobin Q. The study showed a positive but insignificant influence of board shareholding on market performance. The results imply that weakness in governance structures might lead to lower market performance. This study recommends that firms ensure that appointment criteria prioritize knowledge and competence, and regulatory bodies are also encouraged to track the compliance of listed firms with corporate governance regulations. AcknowledgmentThe authors would like to acknowledge Covenant University for its financial support during the course of this research paper.

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“…Huang and Hillary (2018) employing a sample of 1,500 firms during the period 1998-2010, provide evidence for the positive impact of board characteristics on the ROA of firms. Shukla et al (2018) in their study on 29 Indian banks during the period 2009-2016, conclude that the board characteristics positively influence the market performance of the sample banks.…”

Section: Literature Review and Theoretical Frameworkmentioning

confidence: 93%

Impact of board size on the accounting returns and the asset quality of Indian banks

Shukla

Narayanasamy

Krishnakumar³

2020

IJLMA

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Purpose The purpose of the paper is to explore the impact of board size on the accounting returns and asset quality of Indian banks. Design/methodology/approach This paper uses ordinary least squares regression, robust regression and panel data methods for estimation, based on data collected for a sample of 29 Indian banks that are listed on the National Stock Exchange (NSE) and form part of the NSE-500 index over a period of eight financial years 2009-2016. The data pertaining to the board size of the sample banks is collected from the annual reports of banks, whereas the data relating to return on assets (ROA) and ratio of the gross non-performing assets to total assets and control variables (bank age and bank size) is extracted from ACE Equity database. Findings This paper concludes that the size of the governing board has a positive impact on the accounting returns (measured through ROA) of the Indian banks. Further, board size is observed to be insignificant in determining the asset quality of Indian banks. Originality/value This paper contributes to the literature and practitioners in a number of ways. First, to the best of the authors’ knowledge, this is the first study on the impact of board size on the accounting returns and asset quality of Indian banks. The findings of the study contribute new theoretical insights to the body of knowledge on the influence of the size of the board, which may be useful for future researchers. Second, banks may enhance their financial performance by taking cognizance of the findings of this study. Finally, equity investors may make use of the findings of this article in deciding on whether to invest in a bank’s stock/lend to the bank based on board size of the bank.

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Do Board Characteristics Impact the Market Performance of Indian Banks?

Cited by 6 publications

References 58 publications

The Role of Multi Dimensional EO in the Competitive Strategy - Performance Link

The Role of Multi Dimensional EO in the Competitive Strategy - Performance Link

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Impact of board size on the accounting returns and the asset quality of Indian banks

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