International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Corporate Board Characteristics of Family-Managed Firms and it’s Impact on Firm Performance
Author(s) | Venkatmurthy S G, R L Hyderabad |
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Country | India |
Abstract | Well-balanced and active corporate boards ensure effective corporate governance in family firms. Studies in the area of corporate governance across the globe made considerable effort to study the composition of corporate boards and their effectiveness. The present study is an effort to evaluate the impact of board characteristics on the performance of selected Indian family-managed firms. The paper encompasses how various board parameters such as board size, board independence, the duality of the chairman, gender diversity, and inclusion of foreign directors in the board impact a firm's market and accounting performance measures. The data is collected from the CMIE PROWESS Database, consisting of 173 family-managed firms belonging to 11 macro-industrial sectors selected. The panel data used for the study consist of 2076 observations for 12 years, from 2010-11 to 2021-22. The study uses regression analysis to evaluate the impact of board characteristics on performance measure indicators Tobin’s Q and ROA of the firms. |
Keywords | Board size, Board independence, Board characteristics |
Published In | Volume 6, Issue 6, November-December 2024 |
Published On | 2024-11-12 |
Cite This | Corporate Board Characteristics of Family-Managed Firms and it’s Impact on Firm Performance - Venkatmurthy S G, R L Hyderabad - IJFMR Volume 6, Issue 6, November-December 2024. DOI 10.36948/ijfmr.2024.v06i06.30433 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i06.30433 |
Short DOI | https://doi.org/g8qthb |
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E-ISSN 2582-2160
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