Application of Value Based Financial Measures to Improve Corporate Governance in India: Evidence through Random Effects Model
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2016, Vol 6, Issue 1
Abstract
Under corporate governance, organizations articulate corporate values, codes of conduct, and standards of appropriate behavior etc., and develop systems, procedures, and controls to ensure compliance with them. The core management team sets the strategic objectives, corporate values and specifies transparent lines of responsibility and accountability. Performance of a firm is measured by valued based performance measures – economic Value added and market value added. These values are expected to create value to the firm and to the shareholders. In this article, annual reports and using panel regression models were used to determine the effects of explanatory variables on the financial performance of IT sector. It is concluded that corporate performance influence both Economic Value and Market Value. But it has more influence on Economic Value of the company which reveals that corporate governance influences significantly how well a company produced value for its investors than the company has managed to create value on corporate success.
Authors and Affiliations
Middi Appala Raju
Keywords
Related Articles
- EP ID EP183669
- DOI 10.6007/IJARBSS/v6-i1/1982
- Views 164
- Downloads 0
Psychological Wellbeing and Mental Health Screening among Cancer Patients
The study examined the cancer patients’ psychological wellbeing and the need for mental health screening among cancer patients undergoing cancer related treatments. This research was conducted on 240 cancer patients (120...
Halascan: Halal Brand Personality Screening Process Using Camera Phone Barcode Scanning
The purpose of this study is to establish a Smartphone application for end users in Halal Brand Personality screening process that offers an option to facilitate consumers in justifying how the Halal certified brand resp...
The Impact of Workplace Bullying on Employee Cynicism with Mediating Role of Psychological Contract
Workplace bullying can ground cynicism between the employees. The reason of this paper is to observe the motives of bullying and the way it can be resolved. The look at explored the effect of workplace bullying on employ...
Branding in Urban Health Management: Overview of an Emerging Literature
Today, creating healthy cities has become the major challenge for both urban governance and public health management. Public health in urban context can be achieved through creative and new approaches such as social mark...
Asnaf Riqab Zakat Distribution Mechanism in Today’s World
This study is aimed at investigating the mechanisms that should be implemented on asnaf riqab by focusing at some aspects, which are to (1) suggest groups that fulfill asnaf riqab’s criteria as outlined by fuqaha’ mutaak...