Impact of Corporate Governance on the Cash Holding of the Firms: An Empirical Study of Indian Manufacturing Sector

Narwal, Karam Pal; Jindal, Sonia

doi:10.26643/gis.v12i4.3353

Cited by 18 publications

(30 citation statements)

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“…The better the GCG of a bank, the better the performance, because public. These results are in accordance with the research of Aggarwal (2013), Gupta & Newalkar (2015), Narwal & Jindal (2015) and Babatunde & Akeju (2016) who obtain a positive and significant effect between disclosure of GCG and bank performance.…”

Section: Resultssupporting

confidence: 92%

“…The results of research conducted by Aggarwal (2013) and Gupta & Newalkar (2015) show a positive and significant effect between disclosure of GCG and bank performance. Similarly, the research conducted by Narwal & Jindal (2015) and Babatunde & Akeju (2016) obtain a similar effect. H1 : GCG disclosure has a positive effect on bank performance…”

Section: Corporate Governance and Bank Performancesupporting

confidence: 65%

“…Gupta & Newalkar (2015) and Aggarwal (2013) assert a positive effect of GCG disclosure on profitability. Likewise, Narwal & Jindal (2015) utter a positive effect of GCG on bank performance. In contrast, Cengiz (2016) stated that GCG disclosure has no significant effect on profitability in banks in Turkey.…”

Section: Introductionmentioning

confidence: 96%

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GCG disclosure and risk profile on bank performance: case studies on state-owned banks

Sutrisno¹

2019

Proceedings of the 16th International Symposium on Management (INSYMA 2019)

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This study aims to examine the effect of corporate governance disclosures and risk profiles on bank performance where bank performance was measured by return on assets (ROA) and corporate governance disclosures were measured by a self-assessment conducted by the bank. Moreover, the risk profile consists of credit risk was measured by a non-performing loan (NPL), liquidity risk was measured by loan to deposit ratio (LDR), operating risk was measured by the operating expenses to operating income ratio (OEIR), and capital risk was measured by the capital adequacy ratio (CAR). The population in this study was 4 stateowned banks because only 4 banks were taken as samples. The observation period is 6 years (2011)(2012)(2013)(2014)(2015)(2016). To test the hypothesis, the author uses multiple regressions. The results show NPL and CAR do not affect bank performance. LDR and GCG disclosure have a positive effect on bank performance. While OEIR has a significant effect but negative on state-owned bank performance.

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Section: Resultssupporting

confidence: 92%

Section: Corporate Governance and Bank Performancesupporting

confidence: 65%

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GCG disclosure and risk profile on bank performance: case studies on state-owned banks

Sutrisno¹

2019

Proceedings of the 16th International Symposium on Management (INSYMA 2019)

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“…Corporate governance deals with the management of relationships among different parties in a company, both formal and informal. The purpose is to effectively maintain a balance between the interests of different parties in a company (Lashgari, 2004;MudashiruI & Bakare, 2014;Narwal & Jindal, 2015). The adoption of good corporate governance in a company was found to improve operational transparency, ensure accountability, and improve profitability.…”

Section: Introductionmentioning

confidence: 99%

“…This also helps protect the interests of shareholders by aligning their interests with those of the managers. Generally, cooperate governance was found to have positive impacts on organizational performance (MudashiruI & Bakare, 2014; Narwal & Jindal, 2015).…”

Section: Introductionmentioning

confidence: 99%

Supporting Factors for the Successful Implementation of Corporate Governance in Handicraft Smes

Hamdani

Nugraha

Suparman

2020

HSSR

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Purpose of Study:This research is to analysis and study factors that influence the successful implementation of good corporate governance in handicraft SMEs based on several factors related to business ethics, public information, and the company's ability to develop, be sustainable and compete. This study also aims to create a new element from several groups of factors that can be categorized based on grouping in a component matrix. Methodology:This research was conducted using a descriptive correlational design. The samples were 54 handicraft SMEs that have implemented corporate governance principles in five regencies in West Governance. The sampling technique uses simple random sampling in 5 districts in West Java Province. Data processing used Exploratory Factor Analysis (EFA). Main Findings:The results show that the four factors support the successful implementation of Handicraft SME's corporate governance. The first factor is profitability, financial report integrity, and competitiveness, this primary factor is called competitiveness. The second factor is decision making, business ethics, and planning and organizing aspects, and this factor is called leadership. The third factor is sustainability and access to banking and this factor is called the bankable factor. The fourth factor consists of growth and public information, and these factors are called growth factors. Applications of this study:The results of this study can be used as a reference by handicraft SMEs to develop business management to improve leadership factors and maintain growth so that it becomes bankable and competitive. This information is also useful for investors and financial service providers to provide capital to handicraft SMEs.Novelty / Originality of this study: First, this research formed a new factor that supports the success of governance in handicraft SMEs; these factors are leadership, competitiveness, bankable, and growth. These four factors are the main factors determining the successful implementation of corporate governance in handicraft SMEs. Both of these studies combine several concepts from previous research the characteristics of SMEs in West Java, Indonesia.

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Role of discretionary earning management in corporate governance-value and corporate governance-risk relationships

Asghar

Sajjad

Shahzad

et al. 2020

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Purpose Corporate governance (CG) is an ongoing interesting topic getting the attention of market participant, business regulators and researchers in today’s business environment. The purpose of this study is to analyze the moderating role of earnings management on CG-value and CG-risk relationship in the emerging economy of Pakistan. Design/methodology/approach A panel data analysis is used in this study. A panel data of 71 non-financial listed companies of Pakistan for the 2008-2017 period is considered for this study. Secondary data is collected from the annual reports of non-financial firms listed on PSX. Seven econometric equations are developed to test the research hypothesis. Findings The results reveal that CG significantly enhances the firm value and performance measures. Moreover, CG mitigates the practices of earning management and eliminates the risk that develops opportunistic behavior among managers to commit frauds. Practical implications The results of this study suggest that the board of directors (BODs) should intensify their governance role and ensure that the executives perform their duties to maximize the wealth of the shareholders and not engage in any misrepresentation of accounts that may lower the company position and decrease the firm value. Moreover, the managers should be informed about their accountability and acknowledged that at the end of the year, they would be audited by an expert’s auditors for their responsibilities. Concerning regulatory bodies, regulatory authorities should ensure that there must be at least one independent member on the board. The better-governed system reduces both agency conflicts and enhances firm value. Originality/value A number of studies have already been undertaken by multiple investigators to build connection among CG with firm performance, but there is not even a single study in the literature that considers CG, firm value, firm Risk and discretionary earning management as a whole in one model to generalize its results in the emerging economy of Pakistan. A fundamental element of current analyzation process addresses that this is the very first graft of study conducted in Pakistan having combination of four variables together in one revision. There is minimal work that focuses on moderating effects of earning management on the CG-value and CG-risk relationships. This study uses two standard measures of firm performance (i.e. ROA and Tobin’s Q), one proxy of earning management (DEM) and three attributes of CG (board size, audit quality and ownership structure). Previously, researchers have not investigated a model that combines variables (CG as independent and Firm performance and Firm Risk as dependent along with DEM as moderator) in a single study.

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Impact of Corporate Governance on the Cash Holding of the Firms: An Empirical Study of Indian Manufacturing Sector

Cited by 18 publications

References 0 publications

GCG disclosure and risk profile on bank performance: case studies on state-owned banks

GCG disclosure and risk profile on bank performance: case studies on state-owned banks

Supporting Factors for the Successful Implementation of Corporate Governance in Handicraft Smes

Role of discretionary earning management in corporate governance-value and corporate governance-risk relationships

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