 Impact of Ownership Structure and Board Composition on Corporate Performance in Indian CompaniesApu Manna, Tarak Nath Sahu and Arindam Gupta Indian Journal of Corporate Governance, 2016, vol. 9, issue 1, 44-66 Abstract: Abstract This study takes into account the National Stock Exchange (NSE)-listed Indian companies, which constitute the CNX Nifty Index, for the period from 1 April 2009 to 31 March 2013. Tobin’s Q, market value added, cash earnings per share and return on capital employed have been used as the corporate performance variables in the study; the first two being market-based and the last two being accounting-based measures. Board size (BS), board composition, ownership structure, multiplicity of directorship, chief executive officer (CEO) duality, CEO tenure and executive remuneration have been used as corporate governance surrogates from different dimensions along with other widely used independent variables to see their effect on corporate performance in a panel-data-based regression. BS and foreign promoters’ (FPs’) shareholdings have been identified to have a positive impact on more than one corporate performance variable. Among the remaining independent variables, assets turnover is positively related with the performance variables. Keywords: Corporate performance; ownership structure; board composition; CEO characteristics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:ijcgvn:v:9:y:2016:i:1:p:44-66 Access Statistics for this article More articles in Indian Journal of Corporate Governance |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.