| 1 |
Author(s):
Rattan Sharma .
Page No : 1-9
|
EDITORIAL NOTE – ACHIEVING SUSTAINABLE DEVELOPMENT THROUGH THE GREEN ECONOMY
Abstract
The concept of a green economy has gained immense popularity in recent years as a means of achieving sustainable development. The green economy is an economic model that emphasizes the importance of integrating environmental sustainability into economic growth and development. This article explores the concept of the green economy and its potential for achieving sustainable development. We examine the key principles of the green economy, such as resource efficiency, circular economy, and sustainable consumption and production, and how they contribute to sustainable development. The article also discusses the challenges and opportunities for implementing the green economy, as well as the policies and strategies required to support its adoption. This article aims to demonstrate that the green economy can play a critical role in achieving sustainable development and provide a pathway towards a more sustainable and equitable future for all.
| 2 |
Author(s):
Hans Van Ees.
Page No : 10-26
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FROM ‘ IN CONTROL ‘ TO ‘ IN ACTION ‘ EXPLORING BOARD ROLES WITHIN THE 21st CENTURY CORPORATION
Abstract
The 21st century global systems dynamics calls for a new perspective on corporate governance
as the current ‘in control’ is ineffective, precisely because of the impossibility of control in a
complex world of uncertainty. Thus, the new actionable perspective on 21st boards is focused on
balancing exploitation and exploration. Exploitation in the boardroom enhances (soft) control in
the embedded corporate network, through active cooperation, pro- ‐social behavior and principles
of reciprocity. It simplifies decision making in a complex world, particularly in a context of many
stakeholders. Exploration in the boardroom is aimed at absorption of the complexity, through
sharing decision making authority in networks, the stimulation of search behavior and allowing
for multiple private and social objectives. The board acts as an important facilitator of the
learning capabilities of the organization and the reconfiguration of processes and structures
| 3 |
Author(s):
Rupal Arora.
Page No : 27-55
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CORPORATE GOVERNANCE AND FAMILY-OWNED BUSINESSES: A SYSTEMATIC REVIEW
Abstract
The paper aims to synthesize evidence obtained from studies published during 1999 to 2022
concerning corporate governance in family-owned businesses. It attempts to expound the
imminent research gaps in the literature related to the constructs of corporate governance in
family-owned businesses. A systematic review of literature was conducted with biblioshiny in
context of corporate governance in family-owned companies from papers published in English
language and indexed in Scopus from Jan 1999- July 2022 in business, management, finance,
accounting and corporate governance related journals. Results reveal that literature is lopsided
referring to family ownership and firm performance with extremely limited evidence on corporate
governance in family-owned businesses and a few of its key constructs; hence, there is a need to
foster empirical research in this context. Further, the literature is almost silent in the context of
promoters’ remuneration; formation of committees, institutional investors, IPOs and stock returns;
mergers and acquisitions & related party transactions in family-owned companies. This study
provides insights on prominent research gaps in the domain of corporate governance and key
constructs referred above along with board composition, choice of auditor and CSR spending in
family-owned companies. In view of the scant literature and inconclusive evidence reported in the
domain of corporate governance in family-owned businesses, especially in India, USA and UK,
this review presents a distinct framework of research for corporate governance in family-owned
businesses, highlighting the key constructs therein. Further, literature on family ownership was
found mainly in countries like Malaysia and Lebanon with a few studies which addressed agency
problems in family-owned businesses and or reflecting the state of corporate governance in such
businesses.
| 4 |
Author(s):
Syed Asif Mehdi, Lata Bajpai Singh.
Page No : 56-69
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CSR AND GREEN ENTREPRENEURIAL ORIENTATION: MODERATING ROLE OF BUSINESS REPUTATION
Abstract
In emerging economies, the notion of corporate social responsibility (abbreviated as CSR) is no
longer unheard of as a direct result of the development of globalization. In the case of India, CSR
is influenced by many factors and CSR itself influences several factors. Based on the stakeholder
theory, this research study develops a moderation model to examine the effect of CSR on green
entrepreneurial orientation, incorporating the interaction effect of business reputation. Data was
collected from the 103 employees and owners of small and medium sized enterprises. For the
analysis purpose HAYES PROCESS MACRO model 1 was executed. Results of the analysis
shows significant relationship between CSR and green entrepreneurial orientation, whereas level
of business reputation moderates the relationship
| 5 |
Author(s):
Minny Narang.
Page No : 70-81
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DETECTING MANIPULATIONS IN FINANCIAL STATEMENTS OF INDIAN COMPANIES
Abstract
The purpose of this paper is to identify the likely manipulations in the financial statements of
companies listed in India. It aims to examine the statistical differences among the manipulator
and non-manipulator companies along with determining the ratios that may be significant
predictors of financial statement fraud. The sample for the study comprises top 200 companies
listed on BSE for the period 2018-2022. M-Scores of the companies were calculated using the
Beneish model and ratio analysis with twenty ratios was conducted. Logistic Regression was
carried out to find out the significant predictors of possible manipulations in the financial
statement. The findings reflect that manipulations exist in the financial statements of
companies. Some of the profitability, liquidity, leverage, and efficiency ratios are found to
statistically differ between two sets of companies. Profitability ratio acts as a likely predictor
of fraud in financial statements. The paper is one of the few studies carried out in the Indian
context to predict fraudulent financial reporting by non-financial companies using the Beneish
model and Ratio analysis. The paper offers relevant insights to the stakeholders for carefully
analyzing specific ratios in the financial statements for detecting possible manipulations. The
knowledge drawn from this academic research may help auditors, regulators and policy makers
to put rigorous processes in place for early identification of fraud.
| 6 |
Author(s):
Shivani Abrol, Monika Gupta.
Page No : 82-111
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ROLE OF BIG DATA ANALYTICS IN FINANCIAL FRAUD DETECTION-A BIBLIOMETRIC ANALYSIS
Abstract
Using data analytics and machine learning to combat fraud is a strategy that many businesses have already considered. Fraud may be detected, investigated, and prevented with the aid of big data analytics and machine learning. The purpose of this research is to systematically review the 219 Scopus-indexed publications in context of data analytics in detecting financial crime during 1999 to 2022. The findings indicate that a significant portion of the literature focuses on the utilization of big data analytics, specifically machine learning and deep learning techniques, for the purpose of detecting credit fraud or financial statement fraud. Previous studies have primarily concentrated on the utilization of hybrid technology in the realm of financial fraud detection, thereby indicating its potential as a promising avenue for future research. This study highlights the prominent research gap existing for a predictive model that can issue a warning as soon as a vulnerability for fraudulent behavior is noted. Moreover, findings highlight the accentuated need for data-driven financial investment model and stock market anomalies in context of data analytics and text mining, along with key future research agenda.
