Impact of Board Composition on Bank Performance : Evidence from the Indian Banking Sector

Singh, Amit Kumar; Sardana, Varda; Singhania, Shubham; Vikram, Aditya; Attree, Arun Kumar

doi:10.17010/pijom/2022/v15i11/172520

Cited by 5 publications

(7 citation statements)

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“…Content analysis is a qualitative research technique that extracts data through a detailed evaluation of textual material (Aggarwal and Singh, 2019). The data for financial and other firm-related variables has been collected from the Prowess IQ database, which is a globally accepted database in this domain (Singhania et al , 2022b; Singh et al , 2022).…”

Section: Methodsmentioning

confidence: 99%

“…Tobin’s Q is a market-based performance measure that reflects the relationship between market value and the intrinsic value of a company (Singh et al , 2022; Singh et al , 2019a; Jagadeesh, 2021). It has been used to capture the firm financial performance, following various past studies such as Ahern and Dittmar (2012), Singh et al (2019b) and Arora (2020).…”

Section: Methodsmentioning

confidence: 99%

“…The formula used for calculating Tobin’s Q is the market value of shares plus debt divided by total assets (Chung and Pruitt, 1994). Since this study is based in India, where debt is not actively traded in the market, the researchers consider the book value of debt and the book value of assets (Singh et al , 2022; Sarkar and Selarka, 2021).…”

Section: Methodsmentioning

confidence: 99%

“…There are certain other factors which affect the financial performance of the company, either directly or indirectly. The governance and non-governance control variables include board dynamics (Singh et al , 2022) such board size, number of independent directors, board meetings, CEO duality, firm size, organizational slack and leverage. Table 1 provides an overview of all variables used, along with their definition and reference in past literature.…”

Section: Methodsmentioning

confidence: 99%

“…BSE has been selected as the source for finalizing the sample companies as the companies forming part of this index are CSR reporting and financial performance considered corporate leaders and barometers of the economic growth of India, which makes them a fair representation of all the industries (Maqbool, 2019). Also, companies listed on BSE have large market capitalization and are, therefore, representative of the Indian corporate sector (Singh et al, 2022). The authors collected the data from 2015 onwards keeping in mind that the Companies Act (2013) had provided two years to the companies to adapt as well as adhere to the CSR regulatory norms (Singh et al, 2021).…”

Section: Sample Selection and Datamentioning

confidence: 99%

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A win-win situation: uncovering the relationship between CSR reporting and financial performance in Indian companies

Singhania,

Arora,

Sardana

2023

IJLMA

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Purpose This study aims to evaluate the relationship of corporate social responsibility (CSR) reporting with the financial performance of firms using various market and accounting-based parameters in a developing economy, India. Design/methodology/approach The study uses content analysis to develop a CSR reporting index for the Indian firms listed on the Bombay Stock Exchange. The two-step system generalized methods of moments has been used for the estimation of the panel data. Findings The results from the study suggest that the CSR reporting-based activities of the firms may impact the financial performance of the firms, but at the same time, the need of the hour is to create awareness among the investors and market players so that they realize the relevance of CSR reporting, which can further improve other dimensions of financial performance as well. Research limitations/implications The study relies on Tobin’s Q and return on assets while measuring financial performance, though there are various other parameters that can be used to gauge the performance. The outcomes of this study have practical implications for the practitioners as well as policymakers, incentivizing them to integrate CSR aspects into their decision-making frameworks. Originality/value To the best of the authors’ knowledge, this is the first Indian study to develop a unique index for CSR reporting and linking it with financial performance. This study shall assist the researchers in broadening the scope of CSR studies in India and can be used to draw a systematic comparison with developed nations.

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Section: Methodsmentioning

confidence: 99%