7. Conclusions and Recommendations

This chapter delves into the critical role of corporate governance in shaping major financial decisions within corporations, focusing on investment efficiency, capital structure, and dividend policies. Through empirical studies of Indian non-financial corporations, it reveals how different governance mechanisms influence these decisions, with findings indicating that their impact is contingent upon various organizational circumstances. The chapter also provides tailored recommendations for investors, management, and policymakers to enhance governance practices and improve corporate value. It underscores the importance of considering the unique contexts of firms when implementing governance strategies, offering insights into the boundary conditions of corporate governance attributes. Additionally, the chapter discusses the contributions of the study to the existing literature and highlights the limitations and future scope of research in this area.