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Abstract
This paper examines the impact of corporate governance on the performance of Indian companies based on the corporate governance poll conducted by Asia money. Corporate governance is a set of rules, practices and processes followed by a company or an organisation considering the benefit of the investors, management, customers, suppliers, creditors, community and the government -the stakeholders of the company. It is a special art of administration which refers to the separation of management and ownership. The shareholders are the owners of the business as they have contributed capital to run the company. But all the shareholders are not involved in the management of the day to day activities of the company. The work of governance is delegated to the management team. Efficient management leads to good corporate governance. In this paper the impact of corporate governance is measured by the monthly closing value of the shares of the company which are identified as the best company and given ranks as per corporate governance poll result by Asia money. Study period of four years from Jan 2014 to December 2017 is considered. Corporate governance poll result of the year 2014, 2015 and 2016 and taken and as the result of poll are published in the month of December it is considered as the event month and eleven months prior to the event announcement is considered as the pre event period and twelve months after the event are considered as post event period. The study concludes that the result of the poll has not significantly affected the share prices of the stocks in the BSE market.