Abstract
In this work an attempt is made to study the impact of corporate governance in the determination of firm value in the manufacturing firms in India. The purposing sampling method was adopted while choosing the sample firms that are listed in Bombay Stock Exchange (BSE). Out of 6000 firms listed in BSE, banking, insurance, financial firms were excluded as they are governed different bodes and their accounts and differently structured. Foreign firms, companies acquired during the period of investigation were also excluded, so the researchers choose a sample of 1732 firms and the relevant data were collected during the period 2001 to 2010. The data were analyzed using a multiple regression analysis to identify the factors that affect firm value. It is found that the firm value is significantly affected by the corporate governance variables for manufacturing firms.
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