Title: Ownership pattern and firm performance: corporate governance in Indian firms

Authors: Daman Jeet

Addresses: School of Management Studies, Chaitanya Bharathi Institute of Technology, 500075 Hyderabad, India

Abstract: Firms are defined by a set-up of associations that represent contractual provisions for financing, capital structure, managerial ownership and recompense. It has been observed from business history that these relationships have disagreements but virtually every party has alleged to the overall objective of good performance of the business. Previous studies have investigated the relationship among various parties within a firm and the impact on performance through agency theory as this theory leads to separation of ownership and control. But the results of previous studies are rather mixed due to disparity in measures of ownership and performance. This study looks for examining performance under different and detailed list of ownerships and composition of board. Using panel data an attempt was made to study the association between ownership pattern and firm performance for all the major industries listed on BSE 500 index.

Keywords: corporate governance; ROA; ROE; Tobin's Q; BSE.

DOI: 10.1504/IJISD.2022.121777

International Journal of Innovation and Sustainable Development, 2022 Vol.16 No.2, pp.135 - 154

Received: 24 Mar 2020
Accepted: 20 Aug 2020

Published online: 07 Apr 2022 *

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