Chapter 6: Summary and Conclusion

This study examines the impact of corporate governance (CG) on corporate performance in the Indian context. In particular, this study evaluates the impact of ownership structure, board composition and chief executive officer (CEO) characteristics on financial performance over the period of 2007–2008 to 2013–2014 considering 168 Indian companies listed in BSE 200 index. Here ownership structure variables include promoters’ shareholding and institutional investors’ shareholding. Board size, the proportion of executive directors in the board, the proportion of independent directors in the board and multiplicity of directorship are considered as the proxies of board composition variables. Again CEO characteristics are represented by CEO duality and CEO tenure. For measuring firm performance both market-based and accounting-based performance measures are considered.