Corporate Governance Mechanism and its Impact on Cash Conversion Cycle: Evidence from Indian Manufacturing Sector

The present study attempts to show that the impact of corporate governance components (CEO duality, board committee, board size, non executive directors, board meeting, audit committee members and directors remuneration) on the cash conversion cycle. The data has been collected from 50 manufacturing companies for the year ranging 2005–06 to 2014–15 respectively. The Regression model has been applied for the analysis purpose. The study found that the board size and non executive directors are playing significant role for reducing the cash conversion cycle. The findings of the study may provide useful insights to the managers, investors, government and researcher in regarding the relationship between the corporate governance and cash conversion cycle.