• Dr. Bhavik Panchasara

This paper aims to study the relationship between the board characteristics and financial performance of the selected listed Indian companies. Board composition is an important element of corporate governance. Present study used a sample size of hundred Indian listed companies based on market capitalization. Board characteristics considered for the study are size of the board, proportion of outside directors, concentrated leadership structure (CEO Duality), frequency of board meetings and multiple directorship. Whereas, the financial performance ratios considered under this study are return on net worth (RONW), return on capital employed (ROCE), return on total assets (ROA) and Tobin’s q. The outcome of the study shows that the firm performance has positive association with board size and multiple directorship, considerably low association with frequency of board meetings and proportion of outside directors and have negative association with concentrated leadership structure. The present paper is the outcome of a minor research project sponsored by Indian Council of Social Science and Research (ICSSR).

Board characteristics, board composition, firm performance, corporate governance, Indian companies,

"BOARD CHARACTERISTICS AND FIRM PERFORMANCE: EVIDENCE FROM INDIAN COMPANIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.150-155, July-2018, Available :http://www.jetir.org/papers/JETIR1807489.pdf

"BOARD CHARACTERISTICS AND FIRM PERFORMANCE: EVIDENCE FROM INDIAN COMPANIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp150-155, July-2018, Available at : http://www.jetir.org/papers/JETIR1807489.pdf