IDEAS home Printed from https://ideas.repec.org/a/aii/ijcmss/v15y2024i1p19-25.html
   My bibliography  Save this article

Corporate Governance Practices in South Asia: A Comparative Study of India and Nepal

Author

Listed:
  • Prof. Dr. Arhan Sthapit

    (Professor and Dean at Faculty of Management & Law, Nepal Open University, Nepal)

  • Dr. Rashesh Vaidya

    (Visiting Faculty, Faculty of Management & Law, Nepal Open University, Kathmandu, Nepal)

Abstract

Purpose: The present study examines on the corporate governance (CG) practices prevalent in India and Nepal, as Corporate Governance emphasizes on fairness, transparency, accountability and responsibility.. The present study is an attempt to add value to this domain since no previous study comparing the CG practices in these countries was so far. Problem: India and Nepal had their own share of financial crises and problems besetting the trust of investors while the former took several measures to instil trust among the stakeholders, shareholders, regulatory bodies and the public. Nepal, on the other hand, has taken initiatives in the late 2010s and is expected to fulfil the intended objectives. The present study compares and contrasts the CG practices in these two countries. Methodology: The present study is a narrative review that encompasses data from the published articles, government data, external affairs ministry, standard organizations, books, research papers etc. Further, the present study also theoretically analyses the gap and provides suggestions to the policy makers. Findings: From the theoretical analyses, it can be inferred that although both countries experienced with financial scandals, India has been a forerunner in installing CG practices widely and gained edge compared to Nepal. On the other hand, Nepal has taken the necessary initiatives to move forward in the corporate ladder with its manpower, closeness to India both geographically and politically, and vibrant economy. Originality: The present study is a first of its kind attempt to compare the corporate governance practices between India and Nepal while the future studies should focus on CG practices in all SAARC countries as well.

Suggested Citation

  • Prof. Dr. Arhan Sthapit & Dr. Rashesh Vaidya, 2024. "Corporate Governance Practices in South Asia: A Comparative Study of India and Nepal," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 15(1), pages 19-25, January.
    • Handle: RePEc:aii:ijcmss:v:15:y:2024:i:1:p:19-25
    DOI: 10.18843/ijcms/v15i1/03
    as

    Download full text from publisher

    File URL: https://ijcms.in/index.php/ijcms/article/view/644/562
    Download Restriction: no
    File URL: https://ijcms.in/index.php/ijcms/article/view/644
    Download Restriction: no
    File URL: https://libkey.io/10.18843/ijcms/v15i1/03?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tolossa Fufa Guluma, 2021. "The impact of corporate governance measures on firm performance: the influences of managerial overconfidence," Future Business Journal, Springer, vol. 7(1), pages 1-18, December.
    2. Abhilash Abhilash & Sandeep S Shenoy & Dasharathraj K Shetty, 2023. "Overview of Corporate Governance Research in India: A Bibliometric Analysis," Cogent Business & Management, Taylor & Francis Journals, vol. 10(1), pages 2182361-218, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Damianus Abun & Frelyn B. Ranay & Theogenia Magallanes & Mary Joy Encarnacion, 2022. "The effect of corporate governance on the individual work performance of employees: The case of private higher education," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(3), pages 92-98, April.
    2. Abebe Negeri Shonte & Quan Ji, 2022. "Management Commitment and Sustainable Coffee Export Performance, Evidence from Ethiopian Companies: The Mediating Role of Corporate Social Responsibility," Sustainability, MDPI, vol. 14(19), pages 1-19, October.
    3. Ria Ria, 2023. "Determinant Factors of Corporate Governance on Company Performance: Mediating Role of Capital Structure," Sustainability, MDPI, vol. 15(3), pages 1-14, January.
    4. Sattar Khan & Yasir Kamal & Muhammad Abbas & Shahid Hussain, 2022. "Board of directors and earnings manipulation: evidence from regulatory change," Future Business Journal, Springer, vol. 8(1), pages 1-22, December.
    5. Edosa Joshua Aronmwan & Sebastine Abhus Ogbaisi, 2022. "The nexus between standalone risk committees and tax aggressiveness: evidence from Nigeria," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    6. Hossein Tarighi & Zeynab Nourbakhsh Hosseiny & Maryam Akbari & Elaheh Mohammadhosseini, 2023. "The Moderating Effect of the COVID-19 Pandemic on the Relation between Corporate Governance and Firm Performance," JRFM, MDPI, vol. 16(7), pages 1-43, June.
    7. Leviticus Mensah & Murad Abdurahman Bein, 2023. "Sound Corporate Governance and Financial Performance: Is There a Link? Evidence from Manufacturing Companies in South Africa, Nigeria, and Ghana," Sustainability, MDPI, vol. 15(12), pages 1-24, June.
    8. Trina Saha & Rubel Miah & Mahfujur Rahman & Sumon Kumar Das & Emranul Hoque, 2023. "Disclosures for slavery accounting concerning SDG 8 and corporate attributes: a study on the banking industry of Bangladesh," Future Business Journal, Springer, vol. 9(1), pages 1-11, December.
    9. Julia Bettina Leicht & Maximilian Leicht, 2022. "Changes in the climate-related disclosure of German listed companies during the first years of the new reporting standard," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    10. Tariq H. Ismail & Mohamed El-Deeb & Yasser Tawfik Halim, 2022. "Do related party transactions affect the relationship between political connections and firm value? Evidence from Egypt," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    11. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aii:ijcmss:v:15:y:2024:i:1:p:19-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mr. Asif Anjum (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.