T.V.V. Phani Kumar, Faculty Member, Department of Business Studies, Higher Colleges of Technology, Muscat, Oman
K. Srinivasan, Faculty Member, Department of Business Studies, Higher Colleges of Technology, Muscat, Oman

Corporate governance has gained numerous attentions because of changing business environment and various other factors such as the EEC, GATI' and WTO has contributed to the raise in the awareness towards good governance practices. The main objective of this paper is to investigate the relationship between corporate governance and value based financial performance measures in India examined by Correlation Matrix for the period from 2001 to 2017 for value-based financial performance measures like Economic value added (EVA) and Market value added (MVA). The results of the studies in corporate governance focus on the link between corporate governance and firm's performance. Therefore, the current study is based on relationship between corporate governance and value based financial performance measures like EVA and MVA, the study focuses on the Information Technology sector in India. Independent Variables included in the study were CEO duality, size of the board, management equity ownership, foreign ownership, number of board meetings, leverage ratio and Size of the firm. Overall, the study concluded that corporate governance has significance movement on the financial performance measures for the Information Technology firms in India.

Keywords: corporate governance, EVA, MVA, random effect, fixed effect, hausman test

Suggested citation: Phani Kumar, T.V.V. & Srinivasn, K. (2018).Relationship between corporate governance and value-based financial performance measures-evidence from select IT companies listed at BSE,India. Skyline Business Journal, Volume 14, No 1,pp 71-80.

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Phani Kumar, T.V.V. & Srinivasn, K. (2018).Relationship between corporate governance and value-based financial performance measures-evidence from select IT companies listed at BSE,India. Skyline Business Journal, Volume 14, No 1,pp 71-80.