CORPORATE GOVERNANCE IN INDIA
By Arunima Haldar, S. Rao. 2014
159 citations recorded by the source corpus.
Abstract This paper examines the impact of Corporate Governance (CG) on Financial Performance considering the endogeneity between Corporate Governance and Firm Characteristics using a sample of large listed Indian firms over the period 2008 to 2011. We construct a "CG Index" using six important governance mechanisms covering a total of 44 parameters affecting the state of governance of Indian companies. The analysis of Corporate Governance Index for a period of four years found a rising trend in the level of the corporate governance practices of Indian companies. We then examine the relation of CG Index on firm characteristics using simultaneous equation modeling. Results show that there is a strong association between CG Index and the market performance of companies. Keywords: Corporate Governance, Financial Performance, Corporate Governance Index, Simultaneous Equation Model and Endogeneity *School of Business Management, Narsee Monjee Institute of Management Studies, Vile Parle (W), Mumbai-400 056, India Tel: +91-9769921182 Email: Arunima.Haldar@nmims.edu **SJMSOM,IIT Bombay
Subfields: Accounting
View Paper: https://www.semanticscholar.org/paper/8e4d74df577beb1bb5fbea7d8be493f3bfe6d81a
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Citations in the corpus
- Corporate Governance and Firm Performance in Pakistan: The Case of Karachi Stock Exchange (KSE)-30 (2015, background): “Jensen (1993) attributes ineffectiveness of large boards to the rather undue emphasis on courtesy politeness associated with bigger groups rather than being frank and truthful. Some board members are implicitly coerced into agreeing to boardrooms decisions albeit; with some reservations which they f”
- Innovation and Family Ownership: Empirical Evidence from India (2014, background): “A special feature of family business in India is that large firms belong to family business groups in affiliation with business groups (Chakrabarti et al., 2008).”