How far are board characteristics liable for enforcement of corporate governance? A study of Indian companies

Amita Rani, Monita Mago and Sandeep Singh

International Journal of Business and Globalisation, 2025, vol. 41, issue 4, 310-340

Abstract: The present study is an attempt to examine the effect of each as well as overall board characteristics on corporate governance of the companies under study. The sample of the study comprised of 1,001 observations made over the year about 91 companies listed at Bombay Stock Exchange and covered a period of 11 years ranging from 2010-2020. The data was analysed by using panel regression and structural equation modelling through the application of E-Views (11.0) and Smart PLS version 3.3.3. It was found that the board characteristics such as institutional investors, non-institutional investors, non-executive chairperson, promoter chairperson, board size, woman CEO, proportion of women in the board, woman chairperson, board meetings, and multiple directorships of outside director had a significant effect on two or more corporate governance measures. Further, there was a significant positive effect of overall board characteristics on corporate governance of the firms under study.

Keywords: profitability; ownership structure; board structure; board busyness; agency theory; resource allocation theory; financial performance. (search for similar items in EconPapers)
Date: 2025
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