Study on the Impact of Managerial Entrenchment and Corporate Governance of Firm Performance and Capital Structure

The purpose of this paper is to identify the presence of managerial entrenchment, measure its degree, and establish its relationship to corporate governance, capital structure, and business performance. This paper focuses equal emphasis on managers' personal qualities, such as age and tenure, as well as ownership structures, such as management ownership and block holder ownership. The research also investigates entrenched managers' preference for debt issue over equity issuance, i.e., the trend and pattern of financing capital structure. This paper also examines the impact of corporate governance on business financial performance. The norms and regulations that the corporation follows for its operation are also assessed in regard to management entrenchment and capital structure. In Indian, there isn't much paper