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Corporate Governance and Firm Performance: A Study of Listed Firms in India

Corporate Governance and Firm Performance: A Study of Listed Firms in India

Devanjali Nandi, Arindam Das
Copyright: © 2015 |Pages: 18
ISBN13: 9781466682740|ISBN10: 1466682744|EISBN13: 9781466682757
DOI: 10.4018/978-1-4666-8274-0.ch013
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MLA

Nandi, Devanjali, and Arindam Das. "Corporate Governance and Firm Performance: A Study of Listed Firms in India." Handbook of Research on Globalization, Investment, and Growth-Implications of Confidence and Governance, edited by Ramesh Chandra Das, IGI Global, 2015, pp. 257-274. https://doi.org/10.4018/978-1-4666-8274-0.ch013

APA

Nandi, D. & Das, A. (2015). Corporate Governance and Firm Performance: A Study of Listed Firms in India. In R. Das (Ed.), Handbook of Research on Globalization, Investment, and Growth-Implications of Confidence and Governance (pp. 257-274). IGI Global. https://doi.org/10.4018/978-1-4666-8274-0.ch013

Chicago

Nandi, Devanjali, and Arindam Das. "Corporate Governance and Firm Performance: A Study of Listed Firms in India." In Handbook of Research on Globalization, Investment, and Growth-Implications of Confidence and Governance, edited by Ramesh Chandra Das, 257-274. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-8274-0.ch013

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Abstract

Ownership structure is considered to be of prime importance in corporate governance of a firm. The ownership structure significantly varies across the nations. The main focus of this chapter is twofold: firstly to see the impact of ownership structure on performance of the firm and secondly to investigate the relationship between stock market performance and ownership structure during the crisis period. Panel data analysis of CNX 200 companies has been done for the time period of 2006-2013.The study also takes into account the relationship between crisis period stock return and ownership structure. The results of this study reveal a positive relationship of promoter's shareholding with performance while a negative relationship of performance is found with the non-promoters shareholding. The regression of stock price performance on ownership variable gives a significant negative relationship during the crisis period.

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