ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Corporate GovernanceSubscribe to Corporate Governance

Value Relevance, Earnings Management, and Corporate Governance in India

Research has been undertaken into the value relevance of accounting information and earnings management on stock valuation and into the moderating effects of corporate governance, but little research has been conducted into their nexus. A comprehensive examination provides empirical evidence that earnings management affects the value relevance of accounting information and that good governance can reduce the practice among Indian firms. An improvement in accounting standards may raise the confidence of potential investors in Indian firms, and policymakers and regulators may promulgate standards of codes and guidelines to improve the governance practices of Indian firms.

Corporate Governance and Child Labour

The web version of this article corrects a few errors that appeared in the print edition. Reviewing case studies that examine the role of corporate governance initiatives to eliminate child labour from the production process, the authors examine the important distinction between eliminating and ending child labour from production networks as the former deals with the demand-side while the latter deals with the supply-side of the child labour equation. They conclude that while corporate initiatives can deal with the demand-side, government development and social policy intervention is required to deal with the supply-side.

Corporate Governance: Myth and Reality

Free markets are not free-for-all markets. And while the contours of corporate governance are not perfect even in the west, there exist in most developed countries well developed legal, regulatory and institutional frameworks for corporates with a critical degree of activism of shareholders and institutional investors. Indian corporates need to regard the issue of governance not as an irritant or impediment but as an essential tool and mechanism for their very survival in the new economic environment.
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