"The Relation Between Firm-Level Corporate Governance and Market Value: A Case Study of India"

Michigan Law Authors
Areas of Interest
Publish Date
Emerging Markets Review
Publication Type
Journal Article

Relatively little is known about the corporate governance practice of firms in emerging markets. We provide a detailed overview of the practices of publicly traded firms in India, and identify areas where governance practices are relatively strong or weak. We also find cross-sectional evidence of a positive relationship between firm market value and an overall governance index, as well as a subindex covering shareholder rights. The association is stronger for more profitable firms and firms with stronger growth opportunities.

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