Skip to main content

Table 7 Result of Regression Model of CGP on Financial Performance Indicators

From: Implications of corporate governance on financial performance: an analytical review of governance and social reporting reforms in India

Coefficients ROS ROA ROE Tobin Q Mkt Cap PE
P1 P2 P1 P2 P1 P2 P1 P2 P1 P2 P1 P2
CGP .226 .086 .253* .144 .272* .171 .429*** .201 .241 .236 .281 .344*
LnAssets .261 −.135 −.342 −.144 −.448* −.234 −.784*** −.437*** −.400* −.384* −.665** −.252
LnSales −.339 .310* .158 −.096 .248 .069 .293 .127 .160 .278 .405 .132
Beta −.438*** −.330** −.541*** −.469*** −.395*** −.415*** −.379*** −.279* −.376*** −.163 .262* .202
R Square .257 .238 .385 .294 .268 .277 .442 .267 .238 .182 .185 .099
F Stat 5.364*** 4.917** 9.702*** 6.547*** 5.572*** 5.942*** 5.634*** 5.634*** 4.854** 3.493* 3.176* 1.317
  1. *p ≤ 0.05; **p ≤ 0.01; ***p ≤ 0.001