• Dr. Mahesh Chand Garg
• Khushboo Tanwer

In the field of corporate finance there are several factors which affect the firm performance and some of them are more important for firm value on which special attention should be given to maximize the firm value. Where capital structure relevance is a debatable issue from many years and gaining the attention of researchers, the emergence of corporate governance is of recent origin and attracting the new researchers to explore this field of study. Dennis and McConnell (2003) argued that, to overcome problems in corporate governance, different internal or external governance mechanisms can be applied. Primary internal mechanisms are the board of directors and equity ownership structure of the firm, whereas primary external mechanisms are external market for corporate control (the takeover market) and the legal system. In India board of directors and capital structure have a major impact on the firm value. If we want to find those factors which affect the firm value then board characteristics and financing mix comes first which should be taken care of.

IMPACT OF BOARD CHARACTERISTICS AND CAPITAL STRUCTURE ON FIRM VALUE: A LITERATURE REVIEW

"IMPACT OF BOARD CHARACTERISTICS AND CAPITAL STRUCTURE ON FIRM VALUE: A LITERATURE REVIEW ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 11, page no.1078-1092, November-2020, Available :http://www.jetir.org/papers/JETIR2011282.pdf

"IMPACT OF BOARD CHARACTERISTICS AND CAPITAL STRUCTURE ON FIRM VALUE: A LITERATURE REVIEW ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp1078-1092, November-2020, Available at : http://www.jetir.org/papers/JETIR2011282.pdf