Abstract
The present study examines the impact of Board structure and composition on the financial performance of CNX Nifty-listed companies in India. Board structure, Board size, Board ownership, and CEO duality are considered as independent variables, and return on asset is taken as the dependent variable. Using the data from 2010 to 2017 covering a sample of 45 CNX Nifty Companies and applying multivariate regression technique, the study finds that Board composition and Board ownership has a positive and significant relationship with return on assets. Board size has a positive but statistically insignificant relation with return on assets, while CEO duality has a negative but insignificant relation with return on assets. It is therefore concluded that among the Board structure attributes, Board composition (representing the presence of independent directors), and Board ownership (representing the proportion of equity held by promoters) play an important role in influencing firm performance. the other attributes like board size and CEO Duality do not influence the firm performance.
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