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Does corporate governance influence the working capital management of firms: evidence from India

Author

Listed:
  • Punam Prasad
  • Narayanasamy Sivasankaran
  • Palanisamy Saravanan
  • Manoharan Kannadhasan

Abstract

The study explores the impact of corporate governance on the working capital management of Indian firms. The investigation has been performed using balanced panel data procedures for a sample of 323 Indian non-financial firms listed in the Bombay Stock Exchange for the period 2007-2017. Findings of our study indicate that the CEO duality, one of the nine board indicators play a role in improving the working capital management of the sample firms. The default tax payment of the legal indicator and the additional information disclosure of the proactive indicators also have an effect on the working capital management of the Indian non-financial firms. This study is unique as it reveals the impact of corporate governance on the working capital management of Indian non-financial firms.

Suggested Citation

  • Punam Prasad & Narayanasamy Sivasankaran & Palanisamy Saravanan & Manoharan Kannadhasan, 2019. "Does corporate governance influence the working capital management of firms: evidence from India," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 10(1), pages 42-80.
    • Handle: RePEc:ids:ijcgov:v:10:y:2019:i:1:p:42-80
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    Cited by:

    1. Faozi A. Almaqtari & Hamood Mohd. Al-Hattami & Khalid M. E. Al-Nuzaili & Mohammed A. Al-Bukhrani, 2020. "Corporate governance in India: A systematic review and synthesis for future research," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1803579-180, January.

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