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Impact of Corporate Governance on Stock Performance-Evidence from BSE Sensex

Indian Journal of Industrial Relations

Volume 55 Issue 3

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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