Role Of Corporate Governance Professionals’ On Firm Value

Abstract

This piece of study is designed to analyse the socio economic profiles of the corporate governance professional’s opinion on the impact of CG (Corporate Governance) on FV (Firm value) from the angle of their socio economic profile. The study considered 90 company secretaries as Corporate Governance Professionals and elicited their opinion on the aspect of Corporate Governance and Firm value, with the help of semi-structured questionnaire circulated through Google forms. After implementation of the Companies Act 2013 we have completed nearly five years. Now this is the time to see how far the socio economic characteristics of professionals influence the FV? The socio economic variables were represented by Gender, Age, Educational Qualification, Profession and Experience etc., and for the purpose of Firm value an average value of Turnover, paid up capital, net worth, EPS and Return on Investments were considered. The study found significant difference between opinion based Socio-economic factors (age and profession) and impact of CG on FV, and the remaining socio economic factors were not found significantly differentiating their impact on firm value.