Corporate governance mechanisms and firm performance: a study of select Indian firms

A number of studies have analysed the relationship between corporate governance mechanisms and firm performance but those have primarily been in the context of Western countries. In this paper, we examine the relationship between four corporate governance mechanisms such as: a) size of board; b) composition of board; c) board activity; d) CEO duality and firm performance with economic value added (EVA) as the primary performance measurement metric. Using data for NSE listed firms, we conclude, in particular, that the board size has a significantly positive association with firm performance.