International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

Corporate Board Characteristics of Family-Managed Firms and it’s Impact on Firm Performance

Author(s) Venkatmurthy S G, R L Hyderabad
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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