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Asian Journal of Management
Year : 2018, Volume : 9, Issue : 4
First page : ( 1237) Last page : ( 1242)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2018.00198.1

Corporate Governance and Its Impact on Financial Performance: A Systematic Survey

Dr. Baral Susant Kumar1, Parida Jiban Kumar2,*

1Associate Professor, PG Dept. of Business Administration, Berhampur University, Bhanj Bihar-760007, Odisha

2Research Scholar, PG Dept. of Business Administration, Berhampur University, Bhanj Bihar-760007, Odisha

*Corresponding Author E-mail: jibanparida31@gmail.com

Online published on 30 January, 2019.

Abstract

The objective of the paper is to review the impact of corporate governance (CG) on the firm's performance by investigating the previous research papers of post financial crisis period of 2008. To achieve the objective, this paper reviews the impact of CG by providing an outline of 88 publications focusing on firm performance (Published in top nine international journal during 2009–2016). The findings reveal that majority of the studies indicate a positive association between corporate governance practice and financial performance. Corporate governance practices have improved the financial performance of firms/corporations. This study helps academicians and scholars by contributing various sources of information like methods, findings, research gap and future areas of research, etc.

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Keywords

Corporate governance, Financial performance, Positive association. Board of Directors, Citation analysis.

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