IMPACT OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE INDIAN LISTED COMPANIES ON NSE
Keywords:
[Corporate Governance Practices, Promoter’s shareholding in Promoter, FII, Public, Financial Ratios- Return on Assets, Return on Equity, Debt-Equity ratio and Current ratio]Abstract
Abstract
The main objective of this study was to investigate the effect of Corporate Governance on Financial Performance of Indian listed companies at NSE. Specifically, this study examined broad size, firm size, chairman, promoter’s holding all how the affect the financial performance of listed companies at NSE. Firm performance was measured using Return on Assets (ROA), Return on Equity (ROE), Debt-Equity Ratio and Current Ratio. This study adopted descriptive research design. The study population of all the companies is including nifty-50 accepted financial sector’s companies as a October 2017. Secondary data were collected using documentary information from company annual reports for the period 2016-2017. Both descriptive and inferential statistics were used. Data was analyzed using a ANOVA, Independent sample t-test and Correlation all calculated on SPSS. The study found that strong relationship between the corporate governance practices under study and firm’s financial performance. There was not much positive statistically significant between promoter’s holding and ROA and also ROE. There was positive relationship between firm size and chairman of the firm. Similarly, all ratios are affect the assets and board of directors, FII, public, shareholders also.
