Editorial

There has been a dominant shift in corporate governance practices since 2022. Enduring to hold the focus on diversity and inclusivity towards institutional shareholders, regulators and stakeholders, emphasis has been laid on adopting new technologies to secure data, environment social and governance (ESG) practices aiming to create transparency and reporting among corporates. The intervention of artificial intelligence (AI) has been rapidly growing across all functional domains in the global value chain. With the new divergent interventions, governance disclosures, reporting mechanisms, regulation would undergo sea change. In this backdrop, the present volume provides insights on the various governing mechanisms. The volume has a collection of six research articles dealing with risk disclosure, governance practices in behavioural finance, effects of governance on creative accounting practices, work–life balance and governance and a review article on CSR.

The article titled ‘Does Corporate Governance Impact Risk Disclosure? An Empirical Analysis in Indian Context’ identifies the poor risk disclosures leading to failures in corporate governance. The second article deals with governance practices of Islamic behavioural finance among Malaysian enterprises with those of Gulf Cooperation Council (GCC) countries. The study examines the mediating effect of investors’ sentiment on the relationship between governance, risk herding and adverse behaviour in the Shariah stocks in Malaysia and GCC countries. The article titled ‘Effects of Corporate Governance on Creative Accounting Practices: Evidence from NSE-Listed Companies’ investigates the effects of corporate governance on creative accounting practices in Indian NSE-listed public companies. The results of this study demonstrated that only audit independence has a negative influence on creative accounting practice, indicating that increasing the number of audit independence could reduce unethical accounting manipulation in financial reporting practice. This article investigates the effect of governance practices on firm value. The article titled ‘Status of Women in Corporate Governance in the Private Sector Companies in India’ provides insights into how women manage work–life balance to succeed professionally through governance interventions. The article on the ‘systematic review of the board attributes of CSR’ provides empirical evidence on the impact of the board characteristics on CSR. The study highlights the important trends in publication in CSR. The findings of the study are useful to policymakers and regulators in strengthening the corporate governance codes and regulations so as to help organisations in improving social performance.

The articles in the present volume have attempted to shed new light on some issues related to corporate governance, and we hope the readers will find them useful for the future research and policy formulation.