Corporate Governance on Firm's Financial Performance: Evidence from Pakistan

This experimental research for listed firms in Pakistan is conducted to examine the link between corporate governance and firm performance. In this research corporate governance is evaluated the set of variables, including CEO duality, board size, board meeting, and audit committee and board independence. The performance of the firm is measured by the three different method which are (i) return on asset (ROA), (ii) return on equity (ROE), (iii) Tobin’s Q. Using the regression least squares method on 56 listed firms in Karachi stock exchange for the period of 2013 to 2017 for the period of five years, the findings of this research point out the several effects of corporate governance on firm performance. . Results of this study CEO, board size, board meetings and audit committee have positive impact on the firm’s financial performance in Pakistan which is measured by the return on asset (ROA). Board Independence has a negative impact on the firm’s financial performance.