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Corporate governance and firm performance in Indian companies

Author

Listed:
  • Mahesh Chand Garg
  • Dalbir Singh

Abstract

This paper examines the relationship between corporate governance and firm performance in the Indian context. The study includes the corporate governance variables which are ownership structure and board variable and return on assets (ROA), return on equity (ROE), market to book value (MB) and natural log of earning per share (LOGEPS) as measure of firm performance. The study used the panel data of 119 Indian companies from year 2008 to 2014. Panel data regression analysis is used to examine the relationship between corporate governance and firm performance. The study found a positive relationship for ownership structure variables and negative relationship for board variables with firm performance.

Suggested Citation

  • Mahesh Chand Garg & Dalbir Singh, 2017. "Corporate governance and firm performance in Indian companies," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 15(4), pages 420-444.
    • Handle: RePEc:ids:ijicbm:v:15:y:2017:i:4:p:420-444
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    Citations

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    Cited by:

    1. Mahesh Chand Garg & Khushboo Tanwer, 2023. "Board Variables Reforms in India: Success or Failure? A Comparative Analysis Between Pre and Post Enactment Period of Companies Act, 2013," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 30(3), pages 531-558, September.
    2. Kirti Aggarwal & Anju Verma, 2020. "Effect of Company Characteristics on Human Resource Disclosure Index: Empirical Evidences from Indian Corporates," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 45(1), pages 85-117, February.
    3. Santanu K. Ganguli & Soumya Guha Deb, 2021. "Board composition, ownership structure and firm performance: New Indian evidence," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(3), pages 256-268, September.
    4. Kirti Aggarwal, 2021. "Relationship between Company Characteristics and HR Disclosure Level: Evidences from Indian Public Sector Companies," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 46(4), pages 399-421, November.
    5. Kirti Aggarwal, 2023. "Corporate governance and HR disclosure practices: evidence from India," SN Business & Economics, Springer, vol. 3(2), pages 1-18, February.

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