Corporate governance practices in Indian firms
- 1 May 2010
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Management & Organization
- Vol. 16 (2), 266-279
- https://doi.org/10.1017/s1833367200002170
Abstract
In the wake of recent financial scandals and in the context of the global financial crisis, corporate governance is especially significant. We examine the effect of corporate governance practices on the performance of 106 mid-sized firms in India, between 2005 and 2007. Our results confirm a significant relationship between CEO duality and firm performance. We also find that a small board is more effective and enhances the value of the firm. However, in the Indian context, we find that non-executive independent directors are failing in their monitoring role.Keywords
This publication has 97 references indexed in Scilit:
- Corporate Governance and Shareholder Value Maximization: An African PerspectiveAfrican Development Review, 2007
- Do outside independent directors strengthen corporate boards?Corporate Governance: The international journal of business in society, 2005
- Directors’ responsibilities and participation in the strategic decision making processCorporate Governance: The international journal of business in society, 2003
- Financial distress and corporate governance: an empirical analysisCorporate Governance: The international journal of business in society, 2001
- Governance structures, size and corporate performance in UK firmsManagement Decision, 1999
- Board size and corporate performance: evidence from European countriesThe European Journal of Finance, 1998
- Separate, But Not Independent: Board Leadership Structure in Large CorporationsCorporate Governance: An International Review, 1997
- The Ethereal Hand: Organizational Economics and Management TheoryAcademy of Management Review, 1990
- The Composition of Boards of Directors and Strategic Control: Effects on Corporate StrategyAcademy of Management Review, 1990
- Separation of Ownership and ControlThe Journal of Law and Economics, 1983