IMPACT OF E-GOVERNANCE REFORMS ON FINANCIAL PERFORMANCE OF INDIAN IT COMPANIES UNDER THE COMPANIES ACT 2013
DOI:
https://doi.org/10.29121/shodhkosh.v4.iMIHCSET.2023.6067Keywords:
It Industries in India, Financial Performances, E-Corporate GovernanceAbstract [English]
Almost a decade ago, economic slowdown in India have been observed. Indian tech giant made some manipulations that busted the bubble of tech boom in India. The non-transparent operations of the company have led this disaster. The concepts of corporate governance have been in existence. Companies remained reluctant in the implementations of the provisions of the corporate governance in India. In 2013 amendments were introduced with the help of Companies Act 2013. It was anticipated that the new laws will improve the transparency and improve corporate governance. It also has introduced digital provisions for corporate governance in India. Present research tried to estimate the performances of Indian companies in last few years. Researchers have also tried to know that whether the new e-corporate governance norms have contribution to the performances of the companies. Researchers have collected information from 90 employees form finance department of these companies. Their response about the impact of e-corporate governance provisions has been test for the frequency variation with the help of chai square test. The interpretation of the effect has been made with the actual financial performances of the IT companies. The research paper tried to focus upon the financial performance of the IT companies in India and it also contribute the legislative reforms in corporate governance provisions in India.
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