IOSR-JBM   Volume-13 ~ Issue-3 ~ Sep-Oct-2013

Abstract: Corporate governance is the new buzz-word in corporate world these days. It is viewed as a moral duty. It involves promoting the compliance of law in letter and spirit and demonstrating ethical conduct. The relationship between corporate governance and financial performance has caught wide attention of researchers in the last decade. Numerous researches have been conducted in past to investigate this linkage, but there has been lack of conclusive evidence. The results obtained from existing researches have been mixed. In this paper, we attempt to investigate the impact of corporate governance on corporate financial performance in an Indian context, using a sample of 20 companies listed on S&P CNX Nifty 50 Index. Various tests like – regression, correlation, t-test and F-test have been performed using secondary data over a period of two years from FY 2010-11 to FY 2011-12 to study this linkage. We have also controlled for size of firm. We find that governance ratings have positive and significant impact on corporate financial performance. But like any other research, the present study is also subject to certain limitations, which should be considered while using the results of this study and the future researchers should attempt to overcome these limitations.

Keywords: Business Ethics, Compliance, Corporate Financial Performance, Corporate Governance, Stakeholder Engagement, Value Creation.

[1] Pande, S. (2011). Does Good Governance Pay? Evidence from Around the Globe. Retrieved from http://dx.doi.org/10.2139/ssrn.1976772

[2] Brown, L. D., & Caylor, M. L. (2004). Corporate Governance Study: The Correlation between Corporate Governance and Company Performance. Institutional Shareholder Services (ISS). Retrieved from http://www.stybelpeabody.com/issscoresandshareholdervalue.pdf

[3] Van de Velde, E., Vermeir, W., & Corten, F. (2005). Corporate social responsibility and financial performance. Corporate Governance, 5(3), 129-138.

Abstract: The objective of research is to analyze the influence of Relationship Closeness, Service Quality and Religiosity through Trust, Word of Mouth, and Attitude on Interest to Saving at Baitul Maal Wat Tamwil in The Province of Yogyakarta Special Region. There are 210 customers of Baitul Maal Wat Tamwil taken as the sample through accidental sampling technique. Data analysis method uses Structural Equation Modeling (SEM). Result of data analysis indicates that Relationship Closeness influences Trust, Attitude and Word of Mouth. In addition, Trust, Word of Mouth and Religiosity have influenced Attitude. Moreover, Trust and Religiosity influence Interest to Saving at Baitul Maal Wat Tamwi. Furthermore, Attitude influences Interest to Saving. Meanwhile, Service Quality has no significant relationship with Word of Mouth and Attitude of customers. It is suggested that the management shall use market share strategy with high Religiosity and build more intensive relationship with customers.

Keywords: Relationship Closeness, Service Quality, Religiosity, Trust, Word of Mouth, Attitude, Interest to Saving, Baitul Maal Wat Tamwil, Micro Finance, Structural Equation Modeling (SEM), Yogyakarta.

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Abstract: The purpose of this study is to examine the impact of job stress on job satisfaction among the employees of small scale industries in Madurai. The correlation analysis indicates that the employee job satisfaction is negatively and significantly associated with work load and role conflict, while the employee job satisfaction is positively and significantly correlated with physical environment in small scale industries. The regression analysis shows that the job stress factors of workload and role conflict have the negative impact on employee job satisfaction while, the job stress factor of physical environment have the positive impact on employee job satisfaction at one per cent level of significance. It is very important that the small scale industries understands the needs of its employees and provide what is best for the employees. Constant appraisal programmes and appreciation should be given to reinstate and motivate the employees. In order to enhance the satisfaction of their jobs and lives of employees should compensate with equitable incentives.

Key Words: Job Satisfaction, Job Stress, Small Scale Industriesn.

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[6] David Yong Gun Fie, Syed Shah Alam, Zaini Abdullah and Nilufar Ahsan (2009). A Study of Job Stress on Job Satisfaction among University Staff in Malaysia: Empirical Study. European Journal of Social Sciences, 8(1):34-48..

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[10] Srivastava, A.K. (2008). Effect of Perceived Work Environment on Employees' Job Behaviour and Organizational Effectiveness. Journal of the Indian Academy of Applied Psychology, 34(1): 47-55.