Managerial Remuneration and Firm Performance in the Indian Corporate Sector: An Analytical Study of NIFTY 50 Companies (2010–2025)

Publication Details

Publication Date

10/09/2026

Volume / Issue

Vol 1, Issue 4 (2026)

Article No.

045

Journal

British Journal of Contemporary Research

DOI

https://doi.org/10.67693/BJCR-V54N87TB

Received

21 Aug 2026

Views

29

Downloads

6

Abstract

Managerial remuneration occupies a central place in corporate governance debates because it sits at the intersection of agency theory, statutory regulation and firm strategy. This paper re-examines the trend and pattern of managerial remuneration among NIFTY 50 companies over the period March 2010 to April 2025, and evaluates how far remuneration structures are associated with firm-level characteristics such as size, profitability, leverage and ownership concentration. Building on the statutory framework laid down in Section 197 and Schedule V of the Companies Act, 2013 and the disclosure regime introduced through the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the paper synthesises prior Indian and international evidence, develops a set of testable hypotheses, and lays out a panel-data methodology suited to a fifteen-year secondary-data study. The discussion situates the Indian findings against the broader pay-for-performance literature and highlights three recurring themes: a persistent but modest pay-performance sensitivity, the disproportionate influence of firm size and promoter control on remuneration outcomes, and the growing regulatory emphasis on disclosure (including the director-to-median-employee pay ratio) as a governance tool in place of blunt statutory ceilings. The paper concludes that remuneration in Indian firms functions less as a pure incentive-alignment mechanism and more as an outcome jointly shaped by ownership structure, board composition and evolving disclosure norms, and it outlines directions for future empirical work.

License

This article is published under the Creative Commons Attribution 4.0 International License . Free to read, share, and adapt with attribution.