Tarak Nath Sahu - Böcker

This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners.The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation.The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations.

This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners.The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the topic is addressed; the robust empirical evidence that it has produced and the simple and intelligible approach with which it is authored. It communicates the crucial relevance of corporate capital structure and equity-ownership to the moderation of agency relationship and shaping the internal governance mechanism, which ultimately results in increased or decreased operational efficiency and financial performance. It will enable readers to understand whether an increased amount of debt capital would bring about positive results for firms or create an extra burden on the management of their finances, preventing them from taking productive investment decisions due to the threat of liquidation.The book will find an audience among advanced students, scholars and researchers who are interested in understanding the corporate finance practices and governance mechanism of Indian organizations.

The book presents empirical insights on the relationship between corporate governance, environmental exposure and environmental sustainability performances of Indian non-financial companies.The book discusses and analyses the basic theories and concepts associated with corporate governance and environmental exposure like the concept of board size, board meetings, proportion of independent director, CEO duality, air pollution, water pollution, soil pollution; and corporate governance theories like the various forms of ownership, agency crisis and its kinds, dominance and expropriation of large shareholders and the possible way out to protect the interest of their minority counterpart etc. It also explores the theoretical postulations, concepts and conventions relating to the topic and critically goes through the literature to develop the hypotheses and to finally testify the set of hypotheses using a set of reliable and suitable econometric estimation techniques to draw meaningful inferences on Indian non-financial companies. The conceptual and theoretical aspects of the topic are presented in a lucid and intelligible manner which enhances the theoretical and practical understanding of the students and scholars in the domain of commerce and management studies.Offering robust empirical evidence, this book will be useful for corporate governance professionals, sustainability and CSR managers, environmental consultants, regulatory authorities, policymakers, academics, industry associations, and think tanks working on corporate governance, environmental sustainability, environmental studies, CSR, commerce, management, and banking.

The liberalization and globalization of the Indian economy has made India more vulnerable to macro issues. This book provides a comprehensive analysis of the dynamic relationship between macroeconomic variables and stock prices in India. The research findings and policy implications discussed here may also be relevant for other emerging economies.

Investment Behaviour explores the relationship between competingdemographic factors, personal awareness and perceived attitudes to risk inshaping the behaviour of individual investors in the stock market. Arup KumarSarkar and Tarak Nath Sahu analyse the suitability of using Behavioural Financetheories in understanding investor behaviour across developed, developing andunder-developed country contexts and in all types of stock markets. Across anin-depth study, the authors examine differing variables impacting on behaviour,give an overview of the empirical and theoretical literature, and also provide ananalysis of the empirical findings of their investigation. The book promotes agreater understanding the psychological foundations of human behaviour infinancial markets to facilitate the formulation of more individual-centeredfinancial policy.

In a developing market economy like India, corporate governance is becoming an integral part of the national agenda towards industrialization, economic reform and financial liberalization. Governance-Led Corporate Performance: Theory and Practice provides an illuminating insight into the functions, mechanisms and significance of corporate governance within a developing economy and the importance of empowering its corporations. In exploring the Indian corporate governance system, the book demonstrates the concept of good governance and various governance theories, including agency theory, stakeholder theory, and managerial hegemony theory. Focusing specifically on the alteration and modifications of the Indian corporate governance system, the book conducts factual empirical analysis on the effectiveness of different corporate governance issues, such as: the corporate board, executive remuneration, CEO tenure, and ownership structure. The authors create an experiential roadmap of the Indian corporate governance system, using theoretical and practical justification, which is applicable to other developing nations of similar governance frameworks.  Governance-Led Corporate Performance is a practical guide book which is highly useful for students, researchers, regulatory authorities and policymakers working in the domain of corporate finance and governance of emerging markets.

It provides an empirical insight into how the different factors influence financial inclusion of a nation, providing a guideline to the banks and the regulators to select an effective structure of bank branch and efficient composition, to ensure best utilization of their devoted resources in the context of a developing economy.

This book explores the role and effect of Microfinance Institutions (MFIs) with different dimensions.