Interlink between Corporate Governance and Firm Performance: A study on Indian Real Estate Industry

There have been both claims and counter claims as regards the interlink that exists between corporate governance and firm performance, although most of the prior studies have reported existence of a strong positive correlation between corporate governance and firm performance, meaning thereby that better the corporate governance, higher is the firm performance. This study which was undertaken by using the CMIE Prowess data base especially the ProwessIQ(1.91) on the Real Estate Industry in India comprising of 28 companies covering a period of 10 years2008-09 to 2017-18, forming a panel data of 280 observations with 7 cross sections, reveals that corporate governance, measured in terms of Board Structure, Audit Committee, Shareholders‟ Grievances, Remuneration Committee, Nomination Committee and Disclosure Practices, has a positive effect on the firm‟s performance expressed in terms firm performance, namely, Tobin‟s Q, and Return on Assets (ROA).