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Corporate governance and firm performance relationship: Implications for risk-adjusted return behavior
Published in Wiley
Volume: 40
Issue: 8
Pages: 923 - 940
We examine the impact of corporate governance on firm performance and stock return behavior using panel data for Indian listed firms for 2006 to 2015. Our results suggest that corporate governance improves firm performance. However, corporate governance information fails to provide excess risk‐adjusted returns to investors, as governance information is well assimilated in prevailing stock prices. In addition to extending the scant literature focused on emerging markets, our findings will prove useful to investors, fund managers, and rating agencies in making investment decisions and regulators in assessing the impact of governance norms.
About the journal
JournalData powered by TypesetManagerial and Decision Economics
PublisherData powered by TypesetWiley
Open AccessNo
Concepts (4)
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    Management of technology and innovation
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    Management science and operations research
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    Strategy and management
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    Business and international management