Tarak Nath Sahu

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.

In a world where poverty, hunger, and inequality remain pressing challenges, Financial Inclusion and Sustainable Development reveals how access to finance is more than just banking - it is a catalyst for empowerment, resilience, and growth. This book explores the transformative role of financial inclusion in eradicating poverty, ensuring food security, advancing gender equality, and fostering decent work and economic growth. Through rigorous analysis, it examines how savings, credit, insurance, and payment mechanisms shape livelihoods, strengthen households, and drive national economies. Drawing on comparative studies across Indian states, Asian economies, and countries spanning five continents, the book highlights both the shared promise and the striking disparities in financial access worldwide. It sheds light on regulatory frameworks, socio-economic conditions, and infrastructure that determine progress, while underscoring financial inclusion's central place in achieving the Sustainable Development Goals (SDGs). Rich in evidence and insight, this volume is an indispensable resource for scholars, policymakers, and development practitioners alike. It demonstrates that inclusive finance is not merely an economic tool but a pathway toward dignity, equity, and a sustainable future for all.

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 explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries. It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households. It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.

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 explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries. It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households. It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.

The book portrays the scope and dimension of different financial inclusion strategies. It looks at the role and potential of banks involved in financial inclusion. This book focuses on the importance of financial inclusion and in measuring its important determinants. 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.

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.

Investment Behaviour explores the relationship between competing demographic factors, personal awareness and perceived attitudes to risk in shaping the behaviour of individual investors in the stock market. Arup Kumar Sarkar and Tarak Nath Sahu analyse the suitability of using Behavioural Finance theories in understanding investor behaviour across developed, developing and under-developed country contexts and in all types of stock markets. Across an in-depth study, the authors examine differing variables impacting on behaviour, give an overview of the empirical and theoretical literature, and also provide an analysis of the empirical findings of their investigation. The book promotes a greater understanding the psychological foundations of human behaviour in financial markets to facilitate the formulation of more individual-centered financial policy.

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.