Corporate governance and performance of Indian firms: The effect of board size and ownership

被引：84

作者：

Dwivedi N. ^{[1
]}

Jain A.K. ^{[2
]}

机构：

[1] Department of Strategic Management, Indian Institute of Management

[2] Department of Strategic and International Management, Indian Institute of Management, Lucknow

来源：

Employee Responsibilities and Rights Journal | 2005年 / 17卷 / 3期

关键词：

Board size; Corporate governance; Firm performance; Ownership structure;

D O I：

10.1007/s10672-005-6939-5

中图分类号：

学科分类号：

摘要：

The paper reviews international literature on corporate governance and firm performance and investigates the relationship in the Indian context, taking into account the endogeneity in the relationship. Governance parameters include board size, directors' shareholding, institutional and foreign shareholding, while the fragmentation in shareholding is captured by public shareholding. A simultaneous equation regression model for Tobin's Q, as a measure of firm performance, is attempted using these variables, while controlling for industry effects and other non-governance variables. The data corresponds to a panel of 340 large, listed Indian firms for the period 1997-2001 spread across 24 industry groups. © 2005 Springer Science+Business Media, Inc.

引用

页码：161 / 172

页数：11

共 31 条

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