Purpose: This study investigated the relationship between Corporate Governance variables and Financial Performance of selected NIFTY 50 Companies and the impact of Corporate Governance variables such as Board size, Board independence, Women director on the board, Audit committee, CSR committee, Nomination, remuneration committee and CSR on the Financial Performance of selected NIFTY 50 Companies in alignment of Viksit Bharat 2047’s goals for sustainable economic growth targeting a $30-40 trillion GDP.
Design/methodology/approach: The sample consists of top 20 companies listed on Nifty 50 for a period of 3 years from 2022-2025. Correlation Analysis and Panel data regression analysis have been used in the present research study. The secondary data have been collected from the annual reports of the selected NIFTY 50 companies.
Findings: There sults of this study indicate that independent director, women director, audit committee, CSR committee, nomination committee & remuneration committee have a positive relationship with the return on equity. The results reveal a negative correlation between board size, CSR and return on equity. Moreover, independent director, women director, audit committee, CSR committee, nomination committee& remuneration committee have a significant impact on return on equity while board size and CSR have insignificant impact on return on equity.
Panwar, R. & Agrawal, V. (2026). Right to Disconnect: Employee Well-being and Legal Awareness in the Digital Workplace. International Journal of Advanced Research in Commerce, Management & Social Science, 09(02(I)), 222–232. https://doi.org/10.62823/IJARCMSS/09.02(I).8932
- Akpa, E. M. E., & Odo, J. O. (2024). Impact of Corporate Social Responsibility on Financial Performance of Selected Nigerian Banks:(2011-2021). British International Journal of Applied Economics, Finance and Accounting, 8(3), 25-43.
- Amodia & Chavda (2025) A study on role of Corporate Social Responsibility in MISSION VIKSIT BHARAT @2047.
- Annissa, Ella, Nurlaila Nurlaila, and Yenni Samri Juliati Nasution. "The Influence of Islamic Corporate Governance and Islamic Corporate Social Responsibility on Financial Performance in Indonesian Sharia Commercial Bank." Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) 7.1 (2024): 221-245.
- Attarit, T., Sirimathep, P., Petpairote, W., Jiracheewee, J., & Pestunji, C. (2025). The influences of corporate governance on corporate social responsibility and firm performance of the listed companies in Thailand sustainability investment. International Journal of Economics and Financial Issues, 15(1), 238.
- Giannopoulos, G., Pilcher, N., & Salmon, I. (2024). What is the relationship between corporate social responsibility and financial performance in the UK banking sector? Journal of Risk and Financial Management, 17(5), 187.
- Intan, S. A. R. I., & DAITO, A. (2024). The Influence of the Effectiveness of Good Corporate Governance and Disclosure of Corporate Social Responsibility on Tax Avoidance and its Impact on Company Value (Study of Coal Sector Mining Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period). International Journal of Environmental, Sustainability, and Social Science, 5(1), 55-64.
- Komalasari, A., & Oktavia, R. (2026). Corporate Governance and Financial Performance: Empirical Evidence from LQ-45 Firms in Indonesia. ROE: Research of Economics and Business, 2(1), 10-16.
- Neves, M. E., Santos, A., Proença, C., & Pinho, C. (2023). The influence of corporate governance and corporate social responsibility on corporate performance: An Iberian Panel data evidence. EuroMed Journal of Business, 18(4), 552-574.
- Ratmono, D., Nugrahini, D. E., & Cahyonowati, N. (2021). The effect of corporate governance on corporate social responsibility disclosure and performance. The Journal of Asian Finance, Economics and Business (JAFEB), 8(2), 933-941.
- Stuebs, M., & Sun, L. (2015). Corporate governance and social responsibility. International Journal of Law and Management, 57(1), 38-52.
- Widiyantara, I. G. A., Pradnyani, N. L. P. S. P., & Wasita, P. A. A. (2024). The Effect of Corporate Social Responcibility, and Good Corporate Governance on The Financial Performance of The Health Sector Listed on The Indonesia Stock Exchange in 2019-2022. International Journal of Pertapsi, 2(1), 29-39.
