Abstract
ABSTRACT This paper examines whether the quality of corporate governance has a significant impact on sustainable value added by the companies. It uses a value-based measure of corporate performance, that is, sustainable value added (SVA) that measures the costs on the basis of value created by a company in the process of utilizing economic, environmental and social capital. Quality of corporate governance has been measured through an index. The association between the two has been examined for a sample of companies listed on the Bombay Stock Exchange (BSE) Carbonex index for 2015–2019. The data were analysed through the panel data regression analysis. This paper found an insignificant impact of the corporate governance quality on sustainable value, but there exists a positive but a weak correlation between the two. It can be attributed to poor disclosure practices as the data on environmental and social performance are not disclosed by the Indian companies.
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