Corporate Governance and Organisational Performance: An Empirical Study in Public Sector Bank of Odisha Swain Saroj Kumar1,*, Chandra Sahu Kishor2 1Research Scholar, P.G. Department of Business Management, Fakir Mohan University, Vyasa Vihar, Balasore, Odisha, India 2Lect-in-Commerce, Department of Commerce, Chitalo Mohavidyalaya,Chitalo, Jajpur, Odisha, India *Corresponding author email id: saroj.bulu2013@gmail.com
Abstract This study examined the relationship between a number of corporate governance (CG) variables and organizational performance in State Bank of India. It adopts quantitative methodological framework through which the primary data collected were analysed using both frequency analysis and structural equation modelling techniques to find the relationship between CG and organizational performance on one hand and the degree of relationship between CG and organizational performance. It was found that all CG variables used for the study had positive association with performance. Organisations are encouraged to adopt good CG practices to improve their performance and also to protect the interest of the shareholders. The main contribution of the study to acknowledge lies in its effort in strengthening CG beyond the rights and responsibilities of different stakeholders in the management of an organisation into areas involving the relationship between participation, evaluation, fiscal compliance, transparency, disclosure and organisational performance (OP) (productive, independent verification and branch growth). This contribution has in no small measure enhanced our understanding about the interpretations which have shaped CG in relation to OP both in theory and practice. Top Keywords Corporate, Governance, Transparency, Accountability, Efficient, Organisation, Performance. Top |