Looking at and Beyond Corporate Governance in India

ISBN-13: 9789819934003 / Angielski / Twarda / 2023

Seema Joshi;Ruchi Kansil

Opis

This book explores theoretical and empirical perspectives on corporate governance and sustainability and reflects upon India’s three decades of corporate governance reforms. It provides a solid base of information culled from extensive empirical research. It will contribute to the 2030 agenda of the United Nations on Sustainable Development Goals by lighting the way forward and enhancing the convergence of corporate governance with sustainability in business entities. Adopting a credible and uniform sustainability reporting framework and cultivating a pervasive “sustainability culture” through effective “sustainability leadership” has become a business imperative. It will be highly relevant for all stakeholders, including shareholders, boards of directors, managers, academicians, and researchers, and it will empower, enrich, and enable them to gain more conceptual clarity and empirical understanding of corporate governance and sustainability issues. In addition, it shows the pathway for policymakers and practitioners to address the myriad challenges that emanate from sustainability by suggesting new approaches emerging in the critical domain of corporate governance.

Spis treści

Part 1: Looking at Corporate Governance

Chapter 1: Corporate Governance - A Theoretical Perspective

Abstract

1.1 Introduction

1.2 Evolution of the Corporate Form of Entity

1.3 Theories of Corporate Governance

1.4 Models and Practices of Corporate Governance in selected countries

Anglo Saxon Model

Japanese Model

German Model

Family Based Model

1.5 Conclusions

References

 

Chapter 2: Corporate Governance in India – An Evolving Landscape

Abstract

2.1 Introduction

2.2. Historical perspective

2.3 Chronology of three decades of reforms

        2.3.1 The first decade of corporate governance reforms (1991 – 2000)

        2.3.2 The second decade of corporate governance reforms (2001 – 2010)

        2.3.4 The third decade of corporate governance reforms (2011 – Till Date)

2.4 Conclusions

References

 

Chapter 3: Corporate Governance and Economic Performance - A Micro to Macro Perspective

Abstract

3.1 Introduction

3.2 Channels of Corporate Governance

       3.2.1 Interplay between Corporate Governance and Country Governance

3.3 The Micro Perspective - Corporate Governance and Firm Performance

3.3.1 Data and Variables

3.3.2 Empirical Model and Estimation

3.3.3 Results and Discussion

3.4 The Macro Perspective - Corporate Governance and Economic Growth

3.4.1 Hypotheses Development

3.4.2 Data and Variables

3.4.3 Period of Study

3.4.4 Empirical Model and Estimation

3.4.5 Results and Discussion

3.5 Conclusions and Policy Recommendations

References

 

Chapter 4 - Linkage between Corporate Governance, Foreign Direct Investment and Economic Growth – Empirical Evidence from India

Abstract

4.1 Introduction

4.2 Review of Literature

4.2.1 Linkage between FDI and EG

4.2.2.Linkage between FDI and CG

4.2.3 Linkage between FDI, EG and CG

4.3 Hypotheses, Analysis and Discussion

4.3.1 Data and Variables

4.3.2 Period of Study

4.3.3 Technique and Model formulation

4.4 Conclusions and Policy Implications

References

 

Part 2: Looking beyond Corporate Governance – Corporate Sustainability and Sustainability Reporting

 

Chapter 5: Rising Importance of Corporate Sustainability in the Current Era

5.1 Introduction

5.2 Application of SAP-LAP framework to explain linkages between CS and CG

5.2.1 Situation

5.2.2 Actor

5.2.3 Process

5.2.4 Learning

5.2.5 Action

5.2.6 Performance

5.3 Conclusions

References

 

Chapter 6: Embedding Sustainability into businesses - Creating Sustainability Culture

Abstract

6.1 Introduction

6.2 Sustainability Reporting

6.3 Sustainability Reporting Frameworks – A Brief Overview

6.4 Global trends in Sustainability Reporting

6.4.1 Sustainability Reporting in India

6.5 Aspects involved in preparation of the Sustainability Report

6.6 Challenges in Sustainability Reporting

6.6.1 Overcoming Challenges

6.6.2 Overcoming Challenges - the Indian context

6.7 Impact of Corporate Governance on Sustainability Reporting – Indian Experience

6.7.1 Data and Variables

6.7.2 Empirical Model

6.7.3 Identifying the risk of dynamic endogeneity

6.7.4 Empirical Estimation and Results

6.7.5 Discussion

       6.7.6 Conclusions and Policy Recommendations

References

 

Chapter 7: Strengthening the Convergence of Corporate Governance and Sustainability – The Way Forward

Abstract

7.1 Introduction

7.2 Convergence - Meaning

7.3 Drivers of convergence of Corporate Governance and Sustainability

7.4 Impediments for convergence of Corporate Governance and Sustainability

7.5 The Way Forward

7.6 Conclusions

References

 

O autorze

Dr. Seema Joshi is a Professor of Economics, Department of Commerce at Kirori Mal College, University of Delhi, Delhi, India.

CA. (Dr.) Ruchi Kansil is an academician and independent researcher.

Blurb

“One of the most lucid, straight, direct, and comprehensive books on corporate governance and sustainability that you will read this year. It takes lots of clarity and coordination of thoughts, perseverance, and persistence to come out with such holistic work”.

— Pranav N. Desai, Former Professor, Centre for Studies in Science Policy, Jawaharlal Nehru University, India and Director, Centre for Research in Environment Science and Technology Policy (CREST)

“A compelling, timely and thought-provoking guidebook on corporate governance and sustainability that is extremely relevant and useful to both academicians and practitioners”.

— Vivek Gambhir, an alumnus of Harvard Business School, Chairman of boAt Lifestyle.

This book explores theoretical and empirical perspectives on corporate governance and sustainability and reflects upon India’s three decades of corporate governance reforms. It provides a solid base of information culled from extensive empirical research. It will contribute to the 2030 agenda of the United Nations on Sustainable Development Goals by lighting the way forward and enhancing the convergence of corporate governance with sustainability in business entities. Adopting a credible and uniform sustainability reporting framework and cultivating a pervasive “sustainability culture” through effective “sustainability leadership” has become a business imperative. It will be highly relevant for all stakeholders, including shareholders, boards of directors, managers, academicians, and researchers, and it will empower, enrich, and enable them to gain more conceptual clarity and empirical understanding of corporate governance and sustainability issues. In addition, it shows the pathway for policymakers and practitioners to address the myriad challenges that emanate from sustainability by suggesting new approaches emerging in the critical domain of corporate governance.

Dr. Seema Joshi is a Professor of Economics, Department of Commerce at Kirori Mal College, University of Delhi, Delhi, India.

CA. (Dr.) Ruchi Kansil is an academician and independent researcher.