Private Sector Versus Public Sector Firms: Study of Corporate Governance and Disclosure Practices
Emerging Paradigms in Corporate Finance and Regulatory Framework, Parag Rijwani, Neeraj Amarnani, eds., pp.103-125, Institute of Management, Nirma University, India (2014)
Posted: 25 Feb 2014
Public sector and private sector units are two different entities with different management philosophy, responsibility and structure. This paper discusses evolution of public sector corporate governance reforms and provides legal and institutional framework for corporate governance practices in public sector. Private sector corporate governance is often relatively more straightforward as the roles and responsibilities are more clearly defined. However, the complexity arises in public sector corporate governance as there will be more complex accountability relationships as opposed with private sector. In this research, the corporate governance and disclosure practices of private sector as well as public sector firms listed in S&P BSE sectoral indices were studied. In this study, corporate governance and disclosure scores of firms are measured by using index methodology.
Keywords: Corporate Governance, Disclosure, Private Sector, Public Sector, Clause 49
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