INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
CG Practices and its Impact on the Financial Performance of Selected Indian Companies
Authors Name:
Raj Kamal Prajapati
, Dr. K. K. Misra
Unique Id:
IJSDR2210135
Published In:
Volume 7 Issue 10, October-2022
Abstract:
Corporate governance is set of rules and regulations through companies are directed and controlled towards predetermined objectives of organization. It defined the rights and responsibilities of all the stakeholders. It is based on the principles such as integrity, transparency, accountability and independency to ensure the sustainable growth and development of organization along with protection of interest of all stakeholders. This study conducted to examine the impact of CG practices and its impact on financial performance of selected Indian companies. Five years are selected from the financial years 2015-16 to 2019-20 for the study period. For the purpose of study, 10 companies are selected from the BSE S&P 200 listed entities on the basis of systematic random sampling method. Independent variable such as corporate governance practices, dependent variables such as ROE and control variables such as firm age and leverage are used in the study. Corporate governance index was formed with the help of formation of checklist by including different vital components of corporate governance standards on the basis of mandatory and non-mandatory norms inserted in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The CG index includes the 143 facts or pieces of information which is based on the equal and unequal weight method. These all the financial variables are accounting base measurements. Descriptive statistics such as mean, standard deviation, minimum, maximum, skewness, kurtosis etc. are used and for the purpose of analysis linear multiple regression analysis is applied. It has been found that CG practice has negative and significant impact on financial performance (ROE). However the Leverage and firm age have insignificantly negative impact on ROE.
Keywords:
Key words: CG, SEBI, LODR, ROE, Woman director
Cite Article:
"CG Practices and its Impact on the Financial Performance of Selected Indian Companies ", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 10, page no.789 - 793, October-2022, Available :http://www.ijsdr.org/papers/IJSDR2210135.pdf
Downloads:
000336256
Publication Details:
Published Paper ID: IJSDR2210135
Registration ID:202241
Published In: Volume 7 Issue 10, October-2022
DOI (Digital Object Identifier):
Page No: 789 - 793
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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