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75 records from EconBiz based on author Name
1. The nonlinear effect of executive compensation on corporate social responsibility performance
abstractPurpose - Taking cues from the fact that there remains a dearth in the establishment of theoretical and empirical relationship between executive compensation and corporate social responsibility (CSR) performance of the firms, this study attempts to explore the non-linear relationship between the said variables. Design/methodology/approach - The study utilizes a strongly balanced panel data set of 179 non-financial National Stock Exchange (NSE) 500 listed firms for the study period of 2015-2020. The study further employs both static as well as Arellano-Bond dynamic panel model under generalized method of moments (GMM) framework to establish the relationship between executive compensation and CSR performance of the sampled firms. Findings - The study acknowledges an inverted U-shaped relationship between executive compensation and environmental, social and governance (ESG) score of the firms. According to the robust estimator, an increase in the level of executive compensation is said to affect CSR performance positively until it surpasses a threshold level of 18.7 percent. Practical implications - One of the major takeaways that the study provides for the corporate policymakers is that the level of compensation can only motivate the executives to take up socially responsible work up to a certain level surpassing which the executives becomes resistant towards any benefits provided by the CSR performance and get inclined towards economical performances of the firm. At the later stage, the economical expansionary investment benefits overweigh the personal career benefit gained by the executives from the CSR performances of the firm. Originality/value - The nonlinearity relationship between executive compensation and CSR performance and the threshold level providing the two-fold effect of compensation on the CSR performance of the firms attempted by this study is a rare attempt in an emerging economy like India.
Pareek, Ritu; Sahu, Tarak Nath;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
2. Firm performance, vertical agency crisis and corporate governance of Indian listed companies
abstractPurpose - This study aims to examine the influence of corporate governance variables on firm performance and also to find out whether the corporate governance mechanism is capable of mitigating the vertical agency crisis. Here the researcher uses corporate governance mechanisms such as board meeting frequency, board independence, percentage of non-executive directors, percentage of woman directors on board and the board size to measure the firm performance and, at the same time, tries to mitigate the agency crisis, which is measured through return on asset and asset turnover ratio. Design/methodology/approach - The present study considers period from 2009 to 2020 with data corresponding to a panel of 271 non-financial firms listed in 500 NSE index, India. The study introduces a panel regression model to analyze the data collected from the sample firms. Findings - The study detects a positive as well as a statistically significant relationship between board size and vertical agency cost. The study also observes a negative relationship between board independence and agency cost. Further, the study finds a positive relationship between corporate governance variables and firm performance, though it is non-significant. Originality/value - As the study progresses, the study detects a negative relationship between non-executive directors and agency costs. This study tries to give policy prescription to the corporate policymaker regarding various measures to be taken by the firm for the improvement of firm performance and reduction of owner and manager conflict inside the company. The study fills the literature gap by revealing a significant relationship between corporate governance, vertical agency crisis and firm performance.
Sethi, Premananda; Sahu, Tarak Nath; Maity, Sudarshan;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
3. Bank branch outreach and access to banking services toward financial inclusion : an experimental evidence
abstractPurpose - Both branch and automated teller machine (ATM) are playing a crucial role in banking coverage expansion in India. People prefer to go to an ATM for withdrawal of money rather waiting in a queue for hours at a branch. Without the existence of a full-fledged brick-and-mortar branch, ATM also plays an important role by providing basic banking services. In India, a significant part of the population is excluded from banking access. The present study aims to investigate how the branch and ATM penetration influence financial inclusion. Design/methodology/approach - The study covers the period from 2008-2009 to 2019-2020. With the application of Welch’s t-test, a comparative study is being conducted between branch and ATM. Further, with the application of regression analysis, the study analyses how the branch and ATM network expansion influence financial inclusion. Findings - Though in recent times customers prefers to visit an ATM and its growth rate is higher than branches, the study found no significant differences between the growth of branch and ATM. Further, results of regression show both branches and ATMs have significant impacts on financial inclusion. Originality/value - In micro concept both have a common role in respect of service provided to customers. While in macro concept a list of specific services can be provided through branch level only. This study has a significant role, considering the importance of branches or ATMs and cost of installing a physical branch.
Maity, Sudarshan; Sahu, Tarak Nath;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
4. How far corporate governance and firms' characteristics are relevant toward environmental sustainability? : an empirical investigation
abstractPurpose - The study aims to focus to ascertain the consequence of corporate management and different firms’ characteristics on environmental sustainability. Design/methodology/approach - The sample includes 78 non-financial NSE 100 listed companies from 2010 to 2020. Here, the static and Arellano-Bond dynamic panel data model is considered to determine the effect of corporate governance mechanisms and different firms’ characteristics on environmental performance. Findings - The empirical findings of this study indicate that board size is negatively related with environmental sustainability. Similarly a positive influence of age, size and market-based financial performance can be seen on sustainability of the firm. Originality/value - The present study takes an initiative to determine endogeneity and the dynamism effect of corporate governance factors and specific firms’ characteristics on environmental sustainability from an emergent nation.
Ghosh, Suchismita; Pareek, Ritu; Sahu, Tarak Nath;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
5. Unveiling the moderating role of governance mechanism on the nexus between CSR and firm performance in India : a GMM-based dynamic panel approach
Mondal, Subhas; Sahu, Tarak Nath;2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
6. How far the Indian banking sectors are efficient? : an empirical investigation
abstractPurpose - Bank mobilizes savings and transforms it into credit for investments in various sectors, which helps the economy running. The purpose of this paper is to examine the efficiency of three bank groups in India with data spanning from 2009-2010 to 2018-2019. Design/methodology/approach - The study uses data envelopment analysis for measuring the efficiency of the selected banks. It measures the efficiency both from the revenue dimension and from the supply-side dimension of financial inclusion. Findings - The study finds that foreign banks on average are working efficiently far better than the public-sector and private-sector banks. It indicates that foreign banks in India are operating at 92.53% efficiency level, whereas private- and public-sector banks are operating at 90.20 and 86.04% efficiency levels, respectively. Further, the result of the Friedman test reveals that there is no significant difference in efficiency scores amongst these three bank groups. As major challenges, non-performing assets of the banking industry to be reduced by 15% as radial and 53.18% as slack. Originality/value - One of the notable innovativeness of this study is that, unlike most of the previous studies that are mostly selected few banks and specific group, the present study may place itself as a unique inquiry in the domain of technical efficiency in macro concept by considering three major bank groups operating in India. An important contribution of the study is the classification of reasons behind the inefficiency, i.e. managerial or inappropriate scale size and further projections of input factors for the same level of output.
Maity, Sudarshan; Sahu, Tarak Nath;2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
7. Financial inclusion and bank efficiency : evidence from data envelopment analysis
Yadav, Manjari; Sahu, Tarak Nath; Maity, Sudarshan;2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 8. Identifying cryptocurrencies as diversifying assets and safe haven in the Indian stock market
Jana, Susovon; Sahu, Tarak Nath;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 9. Capital structure, equity ownership and corporate performance : evidence from Indian manufacturing firms
Pandey, Krishna Dayal; Sahu, Tarak Nath;2024
Availability: Link Link
10. Effectiveness of microcredit in employment generation and livelihood transformation of tribal women entrepreneurs : evidence from PMMY
Sahu, Tarak Nath; Agarwala, Varuna; Maity, Sudarshan;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
Citations: 14 (based on OpenCitations)
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