Corporate Governance and Firm Performance in India: An Empirical Research
T. Sita Ramaiah1, N. Akbar Jan2, Radha Mohan Chebolu3, Thangaraja Arumugam4, A.K. Subramani5
1Dr. T. Sita Ramaiah, Department of Finance and Accounting, ICFAI Business School, (IBS), (A Constituent of ICFAI Foundation for Higher Education), Hyderabad (Telangana), India.
2 Dr. N. Akbar Jan, Department of Human Resources, ICFAI Business School, (IBS), Hyderabad (A Constituent of ICFAI Foundation for Higher Education), Hyderabad (Telangana), India.
3Dr. Radha Mohan Chebolu, Department of Human Resources, ICFAI Business School, (IBS), Hyderabad (A Constituent of ICFAI Foundation for Higher Education), Hyderabad (Telangana), India.
4Thangaraja Arumugam, Vellore Institute of Technology, Chennai (Tamil Nadu), India.
5A.K. Subramani, Department of Management Studies, St. Peter’s College of Engineering and Technology, Avadi, Chennai (Tamil Nadu), India.
Manuscript received on 07 September 2019 | Revised Manuscript received on 16 September 2019 | Manuscript Published on 26 October 2019 | PP: 453-460 | Volume-8 Issue-11S2 September 2019 | Retrieval Number: K107309811S219/2019©BEIESP | DOI: 10.35940/ijitee.K1073.09811S219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The point of the exploration is to look at the relationship among corporate administration and firm execution. In this examination study board information of S&P BSE-100 listed organizations from 2011-2018 and LSDV board information model, 2SLS model are utilized as instruments for investigation of the information. Where Market to Book worth and Tobin Q are taken as the needy variable while size of the board, freedom with the board; compensation given for the board, advertiser shareholding are considered as autonomous factors. The result of the examination uncovers that great corporate administration practices actualized by organizations are decidedly identified with money related execution. The finding of the examination uncovers that littler sheets are probably going to be progressively proficient in observing execution (Fuerst and Kang 2000; Loderer and Peyer 2002). The present examination affirms that there is a negative relationship among board freedom and execution of the firm and higher level of outside executives negatively affect firm execution (Yermack, 1996; Klein, 1998).
Keywords: Corporate Governance, Firm Performance, Board Independence, Panel Data Analysis.
Scope of the Article: Measurement & Performance Analysis