| Year | 2008 50 Downloads |
| Volume/Issue/Review Month | Vol. - 1 | Issue 1 | July – December |
| Title | Corporate Governance and Corporate Performance : Implications for Transition Economies |
| Authors | Karunakar Patra |
| Broad area | Transition Economies |
| Abstract | This paper develops a model of the causes and consequences of corporate governance and corporate performance in India. Corporate Governance as practiced in India has as its primary goal i.e., optimization of the performance of corporate entities within the limitations placed on the corporate work environment by the intensity of investor aspirations on one hand and the compulsions of public interest and situational constraints on the other. Corporate Governance tries to enunciate the responsibility of Board of Directors and Managers, whether defined by the law or not, to ensure good performance. The business world is moving in a more analytical direction with regard to corporate performance management, still many companies allow poor communication and weal collaboration capabilities to hamper their strategy, decision making and execution process. It is clear that good corporate governance has moved from safeguarding the interest only of the shareholders or owners to promoting the interest of all its stakeholders, which include local government, societies, creditors, bankers, employees as well as direct consumers. The paper has been brought out with valid conclusion. |
| DOI | Corporate governance is a reflection of a company’s culture, policies, how it deals with its stakeholders, and its commitment to values. Good corporate governance serves several important objectives such as it enhances the performance of corporations, b |
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| Referenceses | 1. Ready, P. L. Sanjeev (Dr.) (2002), “Corporate Governance-Emerging Trends”, Journal of Corporate Governance, Vol. 1, No. 1, pp. 21-23. 2. Aravanan, S (2001), “Corporate Governance : A Three Dimensional Network”, Corporate Governance, Excel Books, New Delhi, pp. 114-120. Corporate Governance and Corporate Performance: Implications for Transition Economies 72 Srusti Management Review July-December 2008 3. Reddy, Y.R.K & Raju yerram (2001), Corporate Governance in Banking & Finance, Tata McGraw Hill Publishing Company Ltd., New Delhi. 4. Vittal. N & Mahalingam, S (2001), Public Sector Governance & Management-Emerging Dimensions, Vikas Publishing House Pvt. Ltd., New Delhi. 5. Singh, Devi & Garg, Subhash (2002), Corporate Governance, Excel Books, New Delhi. 6. Gopal, K (1998), “Emerging Trends in Corporate Governance”, The Management Accountant, June, pp. 420-570. 7. Singh, Devi (2002), Desirable Corporate Governance in India-A Model, Gorporate Governance, Excel Books, New Delhi. 8. Rangarajan, C (2000), “Corporate Governance-Some Issues, Indian Management”, Vol. 39, No. 2.m February, pp. 18-21. 9. Raju, R. S. (2000) “Corporate Governance in a Changing Environment”, Indian Management, March, pp. 42-47. 10. Parthasarathy (Dr.) Swami, Corporate Governance-Principles, Mechanisms and Practice, Biztantra, Delhi. |