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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...

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