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World Journal of Engineering Research and Technology

( An ISO 9001:2015 Certified International Journal )

An International Peer Reviewed Journal for Engineering Research and Technology

An Official Publication of Society for Advance Healthcare Research (Reg. No. : 01/01/01/31674/16)

ISSN 2454-695X

Impact Factor : 7.029

ICV : 79.45

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Abstract

THE QUALITY OF CORPORATE GOVERNANCE PRACTICES IN MANUFACTURING SECTOR IN INDIA - AN EMPIRICAL INVESTIGATION

Prof. Sunita Godara*

ABSTRACT

Purpose: An analysis of quality of corporate governance practices in manufacturing sector in India. Design/Methodology/Approach: The study is based on signaling theory according to which if a firm is having better governance it will emit signal by disclosing its business activities in order to get competitive advantage. For the purpose, secondary data related to corporate governance practices has been collected for four years (From 2011 to 2014). The analysis has been done using scorecard method developed by Dr S. C. Das in 2007. Findings: The corporate governance practices of Indian manufacturing sector is not satisfactory. Practical implications: The quality of governance practices in Indian manufacturing sector point out the need to look at their governance in a more nuanced manner. The exiting legislations need amendments because they are unable to control such dubious activities. Originality/value: The comparative analysis of quality of governance practices among Indian manufacturing firms using scorecard has not been done so far.

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