Impact of Corporate Governance on Stock Performance-Evidence from BSE Sensex
Published: 2020
Author(s) Name: Raghu Kumari P.S. and Yash Shantilal Jain |
Author(s) Affiliation: Assistant Professor (Finance) K J Somaiya Institute of Management Studies and Research
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Abstract
Volatility in stock markets is
caused by many external and internal
factors, one of them being
governance in Indian companies.
This study is to ascertain the various
company-specific elements
affecting the stock performance
along with corporate governance
(CG). The dependent variable is
market price of shares and the
independent variables considered
are: CG, return on equity (ROE),
enterprise value, earnings per
share (EPS) and dividends (DPS)
for the FY 2017-18, for SENSEX
(BSE 30) companies. The study
concludes that the share price of
a company is influenced by governance
(CG), ROE, EPS and
DPS. The study highlights that
companies with improved governance
achieve better stock performance.
Keywords: N.A.
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