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Timeline and Family Tree of Six Tata Group Chairmen Source: India Today (2017). Disclaimer: This image is for representational purposes only. It may not appear well in print.
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Is your job secured? Do layoffs happen? How long do you plan to work in the same organization? How is your performance rated? These are the set of typical questions asked to bottom-level employees working in multinational corporations. Possibly, gone are the days when an employee used to engage with a firm for a long period of their career. Attriti...
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Software systems play an ever more important role in our lives and software engineers and their companies find themselves in a position where they are held responsible for ethical issues that may arise. In this paper, we try to disentangle ethical considerations that can be performed at the level of the software engineer from those that belong in t...
Citations
... According to Arvind Babu and Rentala [6], the three pillars of corporate governance are transparency, accountability, and security. They are critical in steering the company in the right direction with all of its internal and external stakeholders, including the company board, shareholders, and employees. ...
A growing number of incidents concerning ethical misbehavior in business have recently attracted substantial attention in Malaysia. Despite the country’s declaration of a strong corporate governance policy, bolstered by the Malaysian Code of Corporate Governance (MCCG), unethical behaviors and a lack of integrity within corporations remain a concern. The problem’s pervasiveness has threatened the quality of Malaysian firms’ financial reporting. This research collects accountants’ viewpoints on the present implementation of corporate ethical practices among corporate governance practitioners, as well as the effect of corporate ethics commitment on financial reporting quality in Malaysian public listed companies. The data was gathered through semi-structured in-depth interviews with four (4) senior professional accountants from Malaysian publicly listed companies. Thematic analysis of the study identifies four themes: “corporate ethical values,” “corporate ethics commitment attributes,” “financial reporting quality features,” and “best practice of corporate governance.” The findings can be used to improve Malaysian public listed firms’ ethical corporate behavior and financial reporting quality.KeywordsCorporate ethicsEthical commitmentFinancing reporting quality
... However, previous literature outcomes are inconsistent and revealed contradictory conclusions. Specifically, the outcomes are divided into two main strands; first, the long tenure negatively influences risk-The ascension of executives' tenure taking behaviour, and second, it has a positive impact on risk-taking behaviour (Aravind Babu and Rentala, 2018). In addition, other studies went further and investigated the impact of company transparency on firm risk, which was moderated by the executives' characteristics; Sharif and Lai (2015) found that the a firms' disclosure practices do not influence the bankruptcy risk and dividend payouts. ...
Abstract
Purpose
This study aims to investigate the implication of top executives’ number of years of experience (tenure) on corporate risk-taking behaviour and corporate performance in Malaysian corporations.
Design/methodology/approach
To test the hypothesis efficiently, the authors have extracted the data from Bloomberg for 788 listed companies of the Malaysian Stock Exchange. The methodology entails ordinary least squares regressions, quantile regression and dynamic system generalized method of moments model.
Findings
First, the authors show that executive management tenure has a significant negative relationship with corporate risk-taking. It means that the long-tenured executives tend to undertake less risky strategies and decisions. Second, this study reveals that the longer executive management tenure has a positive relationship with corporate performance. Third, the moderating effect of corporate risk-taking with executive tenure (Tenure dummy*Risk) has a negative relationship with the corporate performance by 1%.
Practical implications
It implies that the appointment of experienced executive management contributes towards corporate performance directly. However, experienced management trends take less risk, which eventually results in mitigating the corporate performance. On that basis, the findings are significant in highlighting the usefulness of executive leadership term and offers insights to academics, practitioners and policymakers.
Originality/value
This paper is novel since it is unique in evaluating the executive tenure and the preferences to handle risk strategies and how that impact the firm performance.
Corporate transparency is a critical requirement for effective governance. Through a thorough financial regulation, it has the potential to influence investors’ investment decisions in a company. The global financial crisis, in the past, has prompted a high level of openness worldwide since it frequently implies the quality of information disclosure. To make investment decisions, investors rely on the information provided by the firms. Hence it is crucial to have an encyclopaedic understanding of corporate disclosures. This research employs bibliometric analysis from a multi-industry approach to systematically synthesize and improve corporate transparency and disclosures. For 23 years, 410 journal articles were collected from the Scopus database between 1998 and 2021. This article highlights the publication trend and identifies the most influential work, authors, countries and journals. Finally, the Author, Journal and keyword co-occurrence have expressed the article’s research themes through thematic progression. Lastly, the article highlights the gaps in the literature and makes recommendations for further research.
Ratan Tata began his career at Tata Steel as an apprentice in 1962 and rose to become its chairman in 1991-a position he held till 2012. He served the Tata Group in different capacities and steered the Group companies to flourish and gain competitive ground in the wake of liberalization, globalization and privatisation that incidentally coincided with his tenure as chairman of most iconic of India's corporate houses with legacy of over 150 years. This case study looks at his strategic vision to consolidate the position of the Tata Group and infuse competitiveness through augmenting operational efficiency and culture of innovations. He also altered the structure of the group companies so as to strengthen the position of the holding company and avert any hostile takeovers. True, his tenure as chairman of Tata Group resulted in a windfall and under his leadership the Group saw phenomenal jump in its revenue, market share and brand equity.
Related party transactions (RPTs) either bring efficiency in transaction or result in conflict of interest between majority and minority shareholders. RPTs realize efficiency in transactions by reducing the transaction cost and facilitating smooth transfer of goods and services between parties. Conflict of interest may arise if the majority shareholders use RPTs as a tool for expropriating the wealth of minority shareholders. When RPTs are in line with efficiency enhancing theory, they help to improve firm performance; and when they are the results of opportunistic behaviour of the majority shareholders, they negatively affect the performance of firm. Since most companies in India engage in various kinds of business dealings with their related parties, it is relevant to analyse RPTs in India. The study based on 2002 firms listed in BSE for the period of 2011–2017 shows that RPTs positively affect firm performance. Considering various types of RPTs, total revenue income from related parties and revenue expenses by them positively affect firm performance. Also, the results underline that promoters’ holding does not have any interaction effects on the association between RPTs and firm performance.
