Search results

This study aims to highlight the impact of introducing women directors to board committees, thereby empowering them to contribute to decision-making, and as a result, influence firms’ financial performance in an emerging economy.

This study uses a fixed-effects panel data regression model to test the impact of gender diversity on corporate boards as well as board committees on firms’ financial performance. Two widely used diversity measures, the Blau index and the Shannon index, have been used to enhance the robustness of the results.

The findings suggest that gender diversity on prominent board committees (remuneration committee and nomination committee) positively affects firms’ financial performance when measured by the market-based performance measure, but it is insignificant when measured through accounting-based performance indicator. Furthermore, the benefits of gender diversity accrue to the firms only when women are part of prominent committees and are engaged in governance mechanisms, rather than just being appointed on corporate boards as a means of tokenism.

This study is among the first to investigate the relationship between gender diversity and financial performance through the lens of committee assignments. Moreover, the unique cultural and institutional setting offered by India, which is an emerging economy, provides a fertile ground for understanding the role of women leaders in the workforce.

Various designs of corrugated webs include trapezoidal, sinusoidal, triangular and rectangular profiles. The increasing use of curved plates has prompted the creation of I-sections made of steel with a corrugated web design. This study aims to examine the effectiveness of an I-beam steel section that features a perforated-triangular web profile.

In the current study, finite element analysis was conducted on corrugated-perforated steel I-sections using ANSYS software. The study focused on inspecting the design of the perforations, including their shape (circle, square, hexagon, diamond and octagon), size of perforations (80 mm, 100 mm and 120 mm) and layout (the position of web perforation), as well as examining the geometric properties of the section in term of bending, lateral torsional buckling, torsion and shear behavior.

The study revealed that perforations with diamond, circle and hexagon shapes exhibit good performance, whereas the square shape performs poorly. Moreover, the steel section’s performance decreases with an increase in perforation size, regardless of loading conditions. In addition, the shape of the web perforations can also influence its stress distribution. For example, diamond-shaped perforations have been found to perform better than square-shaped perforations in terms of stress distribution and overall performance. This was because of their ability to distribute stress more evenly and provide greater support to the surrounding material. The diagonal alignment of the diamond shape aligns with principal stress directions, allowing for efficient load transfer and reduced stress concentrations. Additionally, diamond-shaped perforations offer a larger effective area, better shear transfer and improved strain redistribution, resulting in enhanced structural integrity and increased load-carrying capacity.

Hence, the presence of lateral-torsional buckling and torsional loading conditions significantly impacts the performance of corrugated-perforated steel I-sections.

This study aims to examine the role of institutional investors (using proxy voting and voice) in influencing the decisions and governance landscape of their investee firms.

The authors use exploratory research design due to the underdevelopment of the problem phenomena, especially in the context of emerging economies. Using asset management companies (AMC) as a proxy for institutional investors, the authors use a multiple case study design. This design was relevant in the setting as it assured triangulation by studying the same phenomenon across firms with distinct characteristics. The authors sourced the data for the multiple cases from primary sources (such as semi-structured interviews) and secondary sources (such as official Webpages and social media pages of AMC and examination of archival documents). Finally, the authors used qualitative content analysis to analyse the data.

The findings suggest that shareholder activism by institutional investors has grown in India over the period, particularly in matters related to corporate governance, related party transactions, remuneration and compensation. These AMC in India use proxy voting services for advising on voting resolutions in their investee companies. However, voting by AMC does not generally affect resolution results. This is particularly true in the presence of a high concentration of promoter holdings in investee companies.

The study is a novel attempt in an emerging market context to explore the role of institutional investors in influencing firm decisions and improving the governance landscape of the company using proxy voting and voice. This is especially important as the institutional framework in emerging markets is not as strong as in developed markets.

Independent directors (IDs) in India are required to qualify for the online proficiency self-assessment test to acquire or retain their position on the corporate boards. The purpose of this paper was to examine the perceived positive and negative aspects of the new mandate for the overall quality of corporate boards in India.

This study used a qualitative methodology and applied the interpretative phenomenological analysis approach. Data was collected from board members using semi-structured interviews.

This study revealed the positive and negative perceived aspects of the mandatory policy prescription of proficiency test for IDs. It was found that the participants emphasized training and mentoring programs for the IDs.

Drawing upon the actual board experiences of the participants, this study has the potential to assist policymakers in making regulations that are more effective in enhancing the quality of corporate boards. The example of action taken as well as the criticism or positive aspects pointed out can generate interest in other legislators.

The concept of proficiency test for IDs is unique to India. A review of literature did not reveal the existence of any regulatory provisions for a mandatory uniform test for examining the proficiency of IDs, in any corporate law jurisdiction apart from India.