Corporate Governance and Sustainability of Small Scale Enterprises (SSEs) in Odisha-An Analysis

Small Scale Enterprises (SSEs) are the engine of growth for a developing economy and play an important role in creating inclusive growth. SSEs contribute to economic development by creating employment for rural and urban population, providing flexibility and innovation through entrepreneurship and increase trade by diversifying economic activity. Their role in income generation and economic growth for developing countries is critical. Governance of these enterprises has peculiar characteristics and issues. Corporate governance enhances competitiveness of SSEs by playing an important role in management and mobilization of resources as well as their sustainability in the long run. The lack of awareness among SSEs generally results in increase of financial difficulties, worsening of relationships between SSEs and financial institutions, and decrease public confidence. Taking perspicacity to the views, the present study was undertaken with an objective to analyze the impact of the Corporate Governance attributes on the sustainability of the SSEs in the state of Odisha