Purpose – The purpose of this paper is to empirically investigate the stock return and operating performance of the firms that emerged from bankruptcy during 1992-2006 in India. Design/methodology/approach – The paper uses single factor model and matching firm approach to assess the stock...

The study examines the relationship between executive compensation and firm performance among Indian firms. The evidence suggests that firm performance measured by accounting, as well as market-based measures, significantly affects executive compensation. We also test for the presence of...