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

Asian Journal of Sustainability and Social Responsibility

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

Coefficients	ROS		ROA		ROE		Tobin Q		Mkt Cap		PE
Coefficients	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