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Corporate governance and firm performance of listed Indian companies

Author

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  • Premananda Sethi
  • Tarak Nath Sahu
  • Sudarshan Maity

Abstract

The present study investigates the interrelationship of corporate governance parameters like board independence and corporate board meetings. The other important control variables like age, leverage, firm's liquidity and size of the firm have been employed to analyse the alliance between corporate governance, vertical agency cost and performance of the firm. The study considers data corresponding to a panel of 76 non-financial firms during 2010-2019 listed in the National Stock Exchange, India. The study tries to empirically evaluate the association between corporate governance parameters and performance of the firm. By selecting the static panel data regression, researchers found no significant impact of corporate board meeting and board independence on firm performance. The study also documents a positive and significant relationship between board independence and asset utilisation ratio. Further, corporate board meetings have a negative relationship with vertical agency crisis.

Suggested Citation

  • Premananda Sethi & Tarak Nath Sahu & Sudarshan Maity, 2023. "Corporate governance and firm performance of listed Indian companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 17(5), pages 573-588.
    • Handle: RePEc:ids:ijbget:v:17:y:2023:i:5:p:573-588
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