Material Detail

Does Corporate Governance Influence Firm Value? Evidence from Indian Firms

Does Corporate Governance Influence Firm Value? Evidence from Indian Firms

This paper examines empirically the effects of ownership structure on the firm performance for a panel of Indian corporate firms, from a corporate governance perspective. We examine the effect of interactions between corporate, foreign, institutional, and directorial ownership on firm performance. Using firm level panel data framework, we show that a large fraction of cross-sectional variation, in firm performance, can be explained by unobserved firm heterogeneity. We also provide evidence that the shareholding by institutional investors and managers affect firm performance non-linearly, after controlling for observed firm characteristics and unobserved firm heterogeneity. Institutional investors monitor the firm once their stake is more than 14 percent in the firm, and directors have a... Show More
Rate

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Browse...

Disciplines with similar materials as Does Corporate Governance Influence Firm Value? Evidence from Indian Firms

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.