ANVESHAK-International Journal of Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Comparative Study on Corporate Governance Practices in Public and Private Companies in India


Affiliations
1 Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
2 Assistant Professor, Departmentof BBA, Chandigarh University, Chandigarh, Punjab, India
3 Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
4 PGT Commerce, Kendriya Vidalaya Khairagarh – 491881, Chattisgarh, India
     

   Subscribe/Renew Journal


An efficient, effective and futuristic corporate governance is considered the hallmark of sound business management. Corporate governance encompasses the internal and external dynamics of controlling and directing business. The purpose of this study is to compare public and private sector levels of corporate governance as per clause 49 with disclosure in financial reporting by size, profitability, the extent of international operations and nature of the industry. The main findings are that there is no difference between public and private sector mandatory corporate governance disclosure based on return on equity, return on assets, and nature of industry while a difference exists between public and private sector on the basis of size and extent of international operations.


Keywords

Corporate Governance, Disclosure, Financial Reports, Public and Private Companies, Practices
Subscription Login to verify subscription
User
Notifications
Font Size


  • Bogdan, A. M. & Dalina, D. (2021). Corporate Governance from a Cross-Country Perspective and a Comparison with Romania. Journal of Risk and Financial Management, 2021, Vol. 14, No. 12, pp. 1-13.

  • Coskun, M. & Sayilir, O. (2012). Relationship between Corporate Governance and financial performance of Turkish companies. International Journal of Business and Social Science, 2012, Vol. 3, No. 14, pp. 59–64.

  • Cunha, V. & Mendes, S. (2017). Financial determinants of Corporate Governance disclosure: Portuguese evidence. Athens Journal of Business and Economics, 2017, Vol. 3, No. 1, pp. 21–36. https://doi.org/10.30958/ajbe.3.1.2

  • Gunawan, H., & Lina, E. O. (2015). Mandatory and voluntary disclosure of annual report on investor reaction. International Journal of Economics and Financial Issues, 2015, Vol. 5, pp. 311-314.

  • Ishwaree, R. (2020). Corporate Governance practices in India: Issues and challenges. International Journal of All Research Education and Scientific Methods, 2021, Vol. 8, No. 11, ISSN: 2455-6211.

  • Kaur, J. and Pareek, A. (2016). Corporate Governance Practices of Indian Public sector and Private Sector Bank. Journal of General Management Research, 2016, Vol. 3, No. 1, pp. 1-7.

  • Kumar, S. & Kannappan, M. (2018). A comparative study on Corporate Governance in public sector and private sector. International Journal of Pure and Applied Mathematics, 2018, Vol. 119, No. 17, pp. 933–943.

  • Manuel, A. (2021). The concept of Corporate Governance. Revista Científica Visión de Futurovol, 2021, Vol. 25, No. 2, pp. 178-190.

  • Nagalingam, N., Kumarapperuma, C., Malinga, C., Gayanthika,K., Amanda, N. & Perera, A. (2022). Corporate governance and firm integrated performance: A conceptual framework. Corporate Governance and Sustainability Review, 2022, Vol. 6, No. 2, pp. 8–17. https://doi.org/10.22495/cgsrv6i2p1

  • Nandi, S. & Ghosh, S. (2013). Corporate Governance attributes, firm characteristics and the level of corporate disclosure: Evidence from Indian listed firms. Decision Science Letters, 2013, Vol. 2, No. 1, pp. 45–58. https://doi.org/10.5267/j.dsl.2012.10.004

  • Ranson, S. G. & Mashau, P. (2022). Corporate Governance and its impact on Organizational Performance in the Fourth Industrial Revolution: A Systematic Literature Review, Corporate Governance and Organizational Behavior Review, 2022, Vol. 6, No. 1, pp. 98-114.

  • Saha, A. K. & Akter, S. (2013). Corporate Governance and voluntary disclosure practices of financial and non-financial sector companies in Bangladesh. Journal of Applied Management Accounting Research, 2013, Vol. 11, No. 2, pp. 45–62.

  • Sahore, N. S. & Verma, A. (2017). Corporate disclosures and financial performance of selected Indian manufacturing and non-manufacturing companies. Accounting and Financial Research, 2017, Vol. 6, No. 1, pp. 119–132. https://doi.org/10.5430/afr.v6n1p119

  • Singh, R., Bansal, R., Gupta,N. & Srivastava, S. K. (2020). Corporate Governance in Indian Banking Sector: An Analysis. Journal of Xi’an University of Architecture & Technology, 2020, Vol. 12, No. 2, pp. 1006–7930.

  • Soliman, M. (2013). Firm characteristics and the extent of voluntary disclosure: The Case of Egypt. Research Journal of Finance and Accounting, 2013, Vol. 4, No. 17, pp. 71–80. https://doi.org/10.2139/ssrn.2311005


Abstract Views: 278

PDF Views: 1




  • A Comparative Study on Corporate Governance Practices in Public and Private Companies in India

Abstract Views: 278  |  PDF Views: 1

Authors

Payal Khandelwal
Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
Renu Sindh
Assistant Professor, Departmentof BBA, Chandigarh University, Chandigarh, Punjab, India
C. S. Preeti Yadav
Assistant Professor, Manikya Lal Verma Shramjeevi College, JRNRVU, Udaipur – 313001, Rajasthan, India
Radhey Shyam
PGT Commerce, Kendriya Vidalaya Khairagarh – 491881, Chattisgarh, India

Abstract


An efficient, effective and futuristic corporate governance is considered the hallmark of sound business management. Corporate governance encompasses the internal and external dynamics of controlling and directing business. The purpose of this study is to compare public and private sector levels of corporate governance as per clause 49 with disclosure in financial reporting by size, profitability, the extent of international operations and nature of the industry. The main findings are that there is no difference between public and private sector mandatory corporate governance disclosure based on return on equity, return on assets, and nature of industry while a difference exists between public and private sector on the basis of size and extent of international operations.


Keywords


Corporate Governance, Disclosure, Financial Reports, Public and Private Companies, Practices

References





DOI: https://doi.org/10.15410/aijm%2F2022%2Fv11i2%2F171516