investigating the impact of corporate governance on financial performance an empirical study of indian banks

Abstract

The start of the 21st era existed as Corporate Governance (CG) emerged as a solution to the downfall of high-profile corporates across the globe, especially India and America. Corporate world has been traumatized with high magnitude of illegal and unethical newlinepractices incorporated by corporates. Hence, CG is becoming inevitable in the light of newlinepast corporate scam especially in developing economies, which have given rise to newlinestringent and enriched corporate governance practices. Consequently, the need for newlineadopting good Corporate Governance practices has been reinforced inevitably and newlineindistinguishably. It has been in the limelight when the numerous scam during the newlinefinancial crisis of 2007-2008, during which Lehman Brothers went bankrupt and many newlineother big names like Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank newlineof Scotland, Bradford and Bingley, Fortis, Hypo and Alliance and Leicester all came close newline