Impact of Corporate Governance Practices and Firm Performance: An Empirical Study

Authors

  •   Karpagam Venkatraman Research Scholar, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu
  •   Murugesan Selvam Professor and Head, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu

DOI:

https://doi.org/10.17010/ijf/2014/v8i12/71691

Keywords:

Corporate Governance

, Financial Performance, Government Ownership Structure, Board Directors

G34

, G32, H3

Paper Submission Date

, March 1, 2014, Paper sent back for Revision, August 18, Paper Acceptance Date, October 6, 2014.

Abstract

Corporate governance (CG) is the process and structure through which the affairs of a firm are managed for enhancing business prosperity and corporate accountability, and the ultimate objective of CG is to ensure the shareholders' wealth. A good corporate governance practice is regarded as an important aspect in reducing risks for investors, attracting capital for investment, and improving the performance of companies in the long run. The objective of this paper was to explore the relationship between the firms' performance and corporate governance practices. The paper analysed board of directors and financial performance of major listed companies in the National Stock Exchange (NSE) S&P CNX Nifty during the study period. The study found that the corporate governance structure which incorporated government ownership created more opportunities and resources for better financial performance of the sample firms.

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Published

2014-12-01

How to Cite

Venkatraman, K., & Selvam, M. (2014). Impact of Corporate Governance Practices and Firm Performance: An Empirical Study. Indian Journal of Finance, 8(12), 34–45. https://doi.org/10.17010/ijf/2014/v8i12/71691

Issue

Volume 8, Issue 12, December 2014

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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