• Dr. Pankaj Chaudhary
• Dr. Varun Dawar

Prior studies have mostly concentratedon the developed markets with little evidence in developing or emerging markets where institutional settings and corporate governance standards are quite different. Our study attempts to fill this gap by analysing the impact of the corporate governance system on the performance of firms in the Indian context. Given the absence of any direct governance data available in the Indian context, we create a novel governance index followingthe work of Liao et. al. (2015) using the principal component analysis. We use the data set obtained from the Prowess database for the Indian firms belonging to group A firms of the Bombay Stock Exchange (BSE) for the time between 2009 and 2017. Our study finds that strong governance firms show a positive relationship between firms’ performance and governance variables whereas weak governance firms do not show any kind of such relationships. This finding has important implications for investors, shareholders, regulators and other stakeholders.

"Does Corporate Governance Influence Firm Performance? An Emerging Market Evidence", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 1, page no.d9-d20, January-2022, Available :http://www.jetir.org/papers/JETIR2201302.pdf

"Does Corporate Governance Influence Firm Performance? An Emerging Market Evidence", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 1, page no. ppd9-d20, January-2022, Available at : http://www.jetir.org/papers/JETIR2201302.pdf