Role of corporate governance on firm performance: a study on large Indian corporations after implementation of Companies’ Act 2013

Arindam Das, Sourav Dey
  • Asian Journal of Business Ethics, February 2016, Springer Science + Business Media
  • DOI: 10.1007/s13520-016-0061-7

What is it about?

Corporate governance involves balancing the interests of the many stakeholders in a corporation – from shareholders and management to customers and the larger society. In this paper we investigate the moderating role of corporate governance practices in large Indian corporations on firm performance.

Why is it important?

Corporate governance offers a framework for attaining a company's vision and mission, providing guidance and oversight on a broad spectrum - action plans and internal controls to performance measurement and corporate disclosure. Companies’ Act 2013 has been introduced in India with the primary objective of improving corporate governance practices in Indian corporations. Understanding of relationships between firm-level corporate governance characteristics and firm performance helps us explain business practices better. Specifically, in this paper we identify impact of Companies' Act 2013 on large Indian corporations.


Dr. Arindam Das (Author)
Administrative Staff College of India

There has been wide disparity in corporate governance practices among large Indian corporations prior to implementation of Companies' Act 2013. This paper evaluates the situation post-implementation of the act.

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The following have contributed to this page: Dr. Arindam Das