Corporate Governance Mechanisms and Firm Performance: a Study of Indian Firms

Corporate Governance practices are required to ensure better performance of the firm and hence better shareholder returns. But whether the corporate governance practices bring in better firm performance is always a research question. In this paper, we study the relationship between the firm performance and three corporate governance mechanisms namely board practices, financial disclosure and ownership rights using a sample of blue chip Indian firms. The results of the multiple regressions suggest that our model, which is conceptualized based on literature existing literature does not explain the relationship between the dependent and study variables. But study provides base for further research in this area.