Impact of Corporate Governance on Stock Performance-Evidence from BSE Sensex

Volatility in stock markets is caused by many external and internal factors, one of them being governance in Indian companies. This study is to ascertain the various company-specific elements affecting the stock performance along with corporate governance (CG). The dependent variable is market price...

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Bibliographic Details
Published in:Indian journal of industrial relations 2020-01, Vol.55 (3), p.543-558
Main Authors: Kumari P.S., Raghu, Jain, Yash Shantilal
Format: Article
Language:English
Subjects:
Business performance management
Companies
Corporate governance
Earnings per share
Economic aspects
Governance
Influence
Management
Methods
Securities markets
Stock markets
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Summary:Volatility in stock markets is caused by many external and internal factors, one of them being governance in Indian companies. This study is to ascertain the various company-specific elements affecting the stock performance along with corporate governance (CG). The dependent variable is market price of shares and the independent variables considered are: CG, return on equity (ROE), enterprise value, earnings per share (EPS) and dividends (DPS) for the FY 2017-18, for SENSEX (BSE 30) companies. The study concludes that the share price of a company is influenced by governance (CG), ROE, EPS and DPS. The study highlights that companies with improved governance achieve better stock performance.
ISSN:0019-5286