GAP GYAN- CORPORATE GOVERNANCE DISCLOSURE PRACTICES AND ITS IMPACT ON FINANCIAL PERFORMANCE: A CASE STUDY ON FMCG SECTOR IN INDIA Third Author (original) (raw)
2018, GAP GYAN-An International Peer-Reviewed Open Access - Journal of Social Sciences
In the present study it is examined whether Corporate Governance Score and other financial variable significantly affects MV/BV Ratio, Tobin's Q as well as Market Capitalisation or not. The data relating to nonfinancial parameters have been collected from Corporate Governance Report and for financial parameters Annual reports of the selected companies are studied. The present study is undertaken for the period 2012-13 to 2016-17. Ten Companies belonging to FMCG Sector have been considered for the study. The Disclosure score is calculated by assigning a weight to each of the parameter. Companies are scored out of 100 for their corporate governance practices and disclosures. The data is panel data so for each sector one way Random Effect Model or Fixed Effect Model is used.It is identified that disclosure practices have increased firm performance.
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