Corporate performance: does board independence matter? – Indian evidence

Corporate performance: does board independence matter? – Indian evidence PurposeThe purpose of this paper is to examine the effect of the presence of independent board directors on financial performance in India.Design/methodology/approachThis study used panel regression models on large listed Indian firms to investigate the impact on financial performance owing to the presence of independent directors.FindingsThe findings suggest that independent board directors in Indian contexts do not significantly affect financial performance.Practical implicationsThis study has implications for the formulation of regulation related to appointment of independent directors and the extent of their representation on the board for them to be effective.Social implicationsThe proportion of independent directors on the board of the firm is influenced by the trade-off between the cost of having independent directors on the board versus the benefits to the firm and society.Originality/valueThe impact of the presence of an independent director on financial performance in highly concentrated ownership remains ambiguous. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Organizational Analysis Emerald Publishing

Corporate performance: does board independence matter? – Indian evidence

Loading next page...
 
/lp/emerald/corporate-performance-does-board-independence-matter-indian-evidence-cZ7qYpf9li
Publisher
Emerald Group Publishing Limited
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1934-8835
D.O.I.
10.1108/IJOA-12-2017-1296
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to examine the effect of the presence of independent board directors on financial performance in India.Design/methodology/approachThis study used panel regression models on large listed Indian firms to investigate the impact on financial performance owing to the presence of independent directors.FindingsThe findings suggest that independent board directors in Indian contexts do not significantly affect financial performance.Practical implicationsThis study has implications for the formulation of regulation related to appointment of independent directors and the extent of their representation on the board for them to be effective.Social implicationsThe proportion of independent directors on the board of the firm is influenced by the trade-off between the cost of having independent directors on the board versus the benefits to the firm and society.Originality/valueThe impact of the presence of an independent director on financial performance in highly concentrated ownership remains ambiguous.

Journal

International Journal of Organizational AnalysisEmerald Publishing

Published: Mar 12, 2018

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial