Firm performance, vertical agency crisis and corporate governance of Indian listed companies

Purpose This study aims to examine the influence of corporate governance variables on firm performance and also find out whether mechanism is capable mitigating vertical agency crisis. Here researcher uses mechanisms such as board meeting frequency, independence, percentage non-executive directors, woman directors size measure and, at same time, tries mitigate crisis, which measured through return asset turnover ratio. Design/methodology/approach The present considers period from 2009 2020 with data corresponding a panel 271 non-financial firms listed in 500 NSE index, India. introduces regression model analyze collected sample firms. Findings detects positive well statistically significant relationship between cost. observes negative independence Further, finds performance, though it non-significant. Originality/value As progresses, costs. give policy prescription policymaker regarding various measures be taken by for improvement reduction owner manager conflict inside company. fills literature gap revealing governance, crisis performance.