Punita Rajpurohit

Scopus Publications

Corporate Governance and Quality of Financial Reporting in Emerging Markets: A Structured Literature Review
Punita Dhansingh Rajpurohit, Parag Rajkumar Rijwani
Indian Journal of Corporate Governance, 2022
This article is a structured literature review (SLR) on the role of corporate governance (CG) in ensuring/improving the quality of financial reporting (FRQ) in emerging markets and identify avenues for future research. A rigorous search strategy applied across several databases resulted in 51 articles. A detailed analytical framework is used to analyse and synthesise these articles. SLR reveals five major themes of research: regulation, comparative analysis, specificities of country, political connections, and religion. These themes are examined by the selected articles using archival data of non-financial listed firms. This SLR contributes to academia and practice by providing a comprehensive descriptive analysis of the characteristics of articles; synthesising the existing research using a detailed categorisation analysis based on a comprehensive review of themes researched, measurement of CG and FRQ, methodology used, findings and use of interaction terms; and suggesting the avenues for future research. To the best of our knowledge, this study is the first to take a detailed account of the role of CG to ensure FRQ in emerging markets.
First Time IFRS Convergence in India: Impact on Key Accounting Measures and Accruals Quality
Scms Journal of Indian Management, 2021
Financial reporting practices and internal corporate governance mechanisms in emerging markets
Punita Dhansingh Rajpurohit, Parag Rajkumar Rijwani
Prabandhan Indian Journal of Management, 2020
Empirical research based on principal – agent conflicts has revealed that corporate governance plays an important role in governing financial reporting practices in developed markets. The emerging markets, however, are characterized by principal – principal conflict. The institutional specificities of emerging markets are significantly different from those in developed markets, and thus, their corporate governance mechanisms and financial reporting practices are also different. This study aimed at critically reviewing 50 most relevant studies focusing on emerging markets to study the role of corporate governance in governing financial reporting practices. The articles were analyzed based on the proxies for measuring financial reporting and corporate governance, sample, methodology, and major findings. The review revealed that earnings quality is the most widely used proxy of financial reporting and majority of the articles examined two or more corporate governance mechanisms together. The synthesis of the findings revealed that different corporate governance mechanisms impact earnings quality and disclosure quality differently.