ARTICLE

THE EFFECT OF OWNERSHIP AND BOARD COMPOSITION ON FIRM PERFORMANCE EVIDENCE FROM THE LISTED FIRMS IN PAKISTAN

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07 Pages : 74-88

http://dx.doi.org/10.31703/ger.2023(VIII-I).07      10.31703/ger.2023(VIII-I).07      Published : Mar 2023

The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan

Abstract

    This research aims to find the effect of ownership and board characteristics on a firm's performance in listed firms in Pakistan. Data from 75 listed companies were gathered for this purpose between 2011 and 2018. The study's finding shows that board and ownership characteristics have a significant effect on firm performance. The effect of foreign ownership on performance is negative and significant, but state, family and military ownership have a positive and significant impact. The result of board characteristics shows that the performance of the company is significantly impacted and adversely affected by board size. Whereas a positive and significant effect of female board members on business performance was discovered. Among other variables leverage, size and age have a positive and significant effect on RTOA. The result of board characteristics and other control variables changes when compared between family, state, foreign and military ownership.

    Ownership, Firm Performance, Pakistan

    (1) Attaur Rahman
    Ms scholar Abdul Wali Khan University Mardan, KP, Pakistan.
    (2) Muhammad Yusuf Amin
    Institute of Business Studies and Leadership, Abdul Wali Khan university Mardan, KP, Pakistan.
    (3) Faisal Sher
    Institute of Business Studies and Leadership, Abdul Wali Khan university Mardan, KP, Pakistan.
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Cite this article

APA

    APA : Rahman, A., Amin, M. Y., & Sher, F. (2023). The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan. Global Economics Review, VIII(I), 74-88. https://doi.org/10.31703/ger.2023(VIII-I).07

CHICAGO

    CHICAGO : Rahman, Attaur, Muhammad Yusuf Amin, and Faisal Sher. 2023. "The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan." Global Economics Review, VIII (I): 74-88 doi: 10.31703/ger.2023(VIII-I).07

HARVARD

    HARVARD : RAHMAN, A., AMIN, M. Y. & SHER, F. 2023. The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan. Global Economics Review, VIII, 74-88.

MHRA

    MHRA : Rahman, Attaur, Muhammad Yusuf Amin, and Faisal Sher. 2023. "The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan." Global Economics Review, VIII: 74-88

MLA

    MLA : Rahman, Attaur, Muhammad Yusuf Amin, and Faisal Sher. "The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan." Global Economics Review, VIII.I (2023): 74-88 Print.

OXFORD

    OXFORD : Rahman, Attaur, Amin, Muhammad Yusuf, and Sher, Faisal (2023), "The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan", Global Economics Review, VIII (I), 74-88

TURABIAN

    TURABIAN : Rahman, Attaur, Muhammad Yusuf Amin, and Faisal Sher. "The Effect of Ownership and Board Composition on Firm Performance: Evidence from the Listed Firms in Pakistan." Global Economics Review VIII, no. I (2023): 74-88. https://doi.org/10.31703/ger.2023(VIII-I).07