( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE IN INDIA: EVIDENCE FROM LISTED IT INDUSTRY

    1 Author(s):  MR. RAM RANJAN ROUTH

Vol -  13, Issue- 5 ,         Page(s) : 403 - 417  (2022 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Information Technology (IT) industry in India has been gaining a lot of importance and has become one of the most significant growth contributors for the Indian economy. It is playing a key role in putting India on the global map in the sphere of IT and IT enabled services. Good governance generates investors goodwill and confidence. Better corporate framework benefits firms through greater access to financing, lower cost of capital, better firm performance and more favourable treatment of all stakeholders. The purpose of this study is to investigate the relationship of financial performance measures with corporate governance using data on Tata Consultancy Services Ltd, Wipro Ltd and Infosys Ltd.. Multiple regression is used covering the 2010–2019 period.The analysis show a rising trend in the level of the Corporate Governance Index of Indian IT companies.

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