Chapter 5: Analysis and Findings

This chapter contains the data collected on the variables pertaining to our research problem which are analysed and described. The basic characteristics of the variables in terms of their means, medians, standard deviations, skewness and kurtosis are discussed first. All these measures give a comprehensive idea about the central tendency, dispersion and probability distribution of all variables. After that, another important property of the data, namely, multicollinearity is examined. Finally, the association and the impact between the dependent and independent variables, using multi-variate analyses are examined. The main objective behind carrying out these statistical and econometric investigations is to find out the nature and degree of relationship between the corporate governance and corporate performance of Indian companies in such a manner that the findings become meaningful, generalized, convincing and acceptable. This chapter is organised as follows: Section 5.1 presents descriptive information of the variables used in this study; Section 5.2 shows the bi-variate correlation analysis; Section 5.3 shows the determination of multicollinearity property. Findings from multi-variate analyses are presented in Section 5.4, which demonstrate the effects of board composition and ownership structure variables on the performance of Indian companies after determining the appropriate regression model. In Section 5.5, the validity of the hypotheses is tested and the key findings obtained from the empirical analysis of the study are summarised.