Does corporate governance influence the working capital management of firms: evidence from India

Prasad, Punam; Narayanasamy, Sivasankaran; Saravanan, Palanisamy; Kannadhasan, M.

doi:10.1504/ijcg.2019.098039

Cited by 8 publications

(7 citation statements)

References 68 publications

(100 reference statements)

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“…Al-Mudhaki and Joshi ( 2004) concluded there is a lack of audit committee independence in their representation and composition. Prasad et al (2019) found that CEOs directors who belong to controlling shareholders got higher pay as compared to professional CEOs. Chauhan and Kumar (2017) pointed out that female directors face more attendance problems compared to male directors, and are less likely to be employed in monitoring-related committees.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In another context, several studies explored corporate governance practices (e.g., Abraham et al, 2015;Al-Mudhaki & Joshi, 2004;Bose, 2009;Chatterjee, 2011;Haldar et al, 2018;Islam, 2016;Katarachia et al, 2018;Kiranmai & Mishra, 2019;Kota & Tomar, 2010;Mayur & Saravanan, 2017;Prasad et al, 2019;Sarkar et al, 2012;Srivastava et al, 2018;Subramanian, 2017;Subramanian & Reddy, 2012). Abraham et al (2015) stated that Indian companies have a high level of compliance with corporate governance disclosure requirements especially, after amendments to Clause 49 as the penalties for noncompliance increase in severity.…”

Section: Literature Reviewmentioning

confidence: 99%

“…56 Prasad et al (2019) "A positive association is found between the proportion of gray directors on the board and executive compensation with a higher sensitivity of executive compensation to gray directors among family-controlled firms. CEOs directors who belong to controlling shareholder got higher pay compare to professional CEOs".…”

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confidence: 98%

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

Almaqtari

Al-Hattami

Al-Nuzaili

et al. 2020

Cogent Business & Management

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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.,

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

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

Almaqtari

Al-Hattami

Al-Nuzaili

et al. 2020

Cogent Business & Management

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“…Personal values are relevant to holding company management since they can influence human behavior and cause obstructions in the administration of this type of organization's decision-making process. Parada and Vilad as (2010) and Prasad et al (2019) argue that values are the most important aspects of a person's identity, and they determine whether a multinational holding company succeeds or fails. This study uses the personal-value perspective, which is the most popular in social psychology research.…”

Section: Personal Valuesmentioning

confidence: 99%

Overseas management in the English East India Company: a study of the Tonkin factory (1672-1697)

Tran

Dinh

Nguyen

et al. 2022

JMH

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Purpose This paper aims to investigate “corporate governance” of the English East India Company (EIC) in the late 17th century through a case study of the Tonkin factory (1672–1697). Design/methodology/approach The paper draws upon British primary materials relating to the Tonkin factory to examine and analyze the EIC’s style of management in Tonkin (Vietnam) and Bantam (Java). Qualitative and comparative methods are applied to the analysis of reports, records and letters written by EIC staff. Findings The paper finds that the EIC faced principal-agent problems as it had difficulties administering its distant agents and subsidiaries in the 17th century. London was strategically weakened, both by the limiting power of regional headquarters and by its use of experienced factors. Before 1682, London failed to temper the Bantam Council’s influence, and there were serious internal conflicts and power struggles between English Tonkin employees seeking to improve their positions. After 1686, London successfully forced Madras to adopt a noninterventionist stance in Tonkin’s business, but it faced the problem of “adverse selection.” Originality/value This paper provides evidence from the Tonkin factory (1672–1697) to show the EIC’s governance in the perspective of the agency theory.

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“…According to Lazaridis and Tryfonidis (2006), ineffective WCM is a major cause of business and start-up failures. Working capital management is a critical part of performance management that could be enhanced (Prasad et al, 2019a).…”

Section: Introductionmentioning

confidence: 99%

The Impact of Working Capital Management on Firm Profitability : Evidence from Pakistan

Sohail¹,

Quddus²

2022

Pandémia – Fenntartható Gazdálkodás – Környezettudatosság

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This study investigates the impact of working capital management on firm profitability. The study’s sample includes of 21 non-financial firms, and data were obtained from the website of Pakistan Stock Exchange from 2014 to 2019. The Pooled, Fixed-effect, Random-effect, and Generalized Least Square methods are applied to estimate the quantitative models’ estimation. The findings of the study indicate that working capital management has a significant and positive influence on the firm’s profitability. Moreover, the overall regression findings suggest that working capital management is a significant element as an operational liquidity for firms. These results contribute significant indications for managers and related authorities to manage their optimal levels of working capital to boost firm performance.

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Does corporate governance influence the working capital management of firms: evidence from India

Cited by 8 publications

References 68 publications

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

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

Overseas management in the English East India Company: a study of the Tonkin factory (1672-1697)

The Impact of Working Capital Management on Firm Profitability : Evidence from Pakistan

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