ARTICLE

THE IMPACT OF CORPORATE GOVERNANCE PRACTICES ON THE FIRM FINANCIAL PERFORMANCE OF THE NONFINANCIAL FIRMS

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05 Pages : 53-70

http://dx.doi.org/10.31703/ger.2021(VI-I).05      10.31703/ger.2021(VI-I).05      Published : Mar 2021

The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms

Abstract

    The study focuses on whether the Corporate Governance characteristics influence the firm performance of Non-Financial Firms in Pakistan. In this study, three types of industries like pharmaceutical, cement, and food were analyzed from the Pakistan Stock Exchange for the period of 2010 to 2019. The authors used the diagnostic test on data that argued that the model is better, like the fixed effect model or random-effect model for analysis. Multiple regression-based methodologies were developed to use a fixed-effect model for both dependent variables, Return on Assets and Tobin-Q variables, to discover the association between corporate governance and firm performance. It is concluded that board size, board education board experience, board nationality and board compensation have significant the ROA and board size, board experience, the board size, and board compensation shows significance with Tobin-Q.

    Corporate Governance, Firm Performance, Pakistan, Board Size, Board Gender , Board Experience , Firm Size, ROA, Tobin-Q

    (1) Ishtiaq Ahmad
    Department of Business Administration, Iqra National University, Peshawar, KP, Pakistan.
    (2) Bibi Aisha Sadiqa
    Department of Economics, Hazara University, Mansehra, KP, Pakistan.
    (3) Rashid Khan
    Faculty of Management Sciences, The University of Agriculture, Peshawar, KP, Pakistan.
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Cite this article

APA

    APA : Ahmad, I., Sadiqa, B. A., & Khan, R. (2021). The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms. Global Economics Review, VI(I), 53-70. https://doi.org/10.31703/ger.2021(VI-I).05

CHICAGO

    CHICAGO : Ahmad, Ishtiaq, Bibi Aisha Sadiqa, and Rashid Khan. 2021. "The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms." Global Economics Review, VI (I): 53-70 doi: 10.31703/ger.2021(VI-I).05

HARVARD

    HARVARD : AHMAD, I., SADIQA, B. A. & KHAN, R. 2021. The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms. Global Economics Review, VI, 53-70.

MHRA

    MHRA : Ahmad, Ishtiaq, Bibi Aisha Sadiqa, and Rashid Khan. 2021. "The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms." Global Economics Review, VI: 53-70

MLA

    MLA : Ahmad, Ishtiaq, Bibi Aisha Sadiqa, and Rashid Khan. "The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms." Global Economics Review, VI.I (2021): 53-70 Print.

OXFORD

    OXFORD : Ahmad, Ishtiaq, Sadiqa, Bibi Aisha, and Khan, Rashid (2021), "The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms", Global Economics Review, VI (I), 53-70

TURABIAN

    TURABIAN : Ahmad, Ishtiaq, Bibi Aisha Sadiqa, and Rashid Khan. "The Impact of Corporate Governance Practices on the Firm Financial Performance of the Non-Financial Firms." Global Economics Review VI, no. I (2021): 53-70. https://doi.org/10.31703/ger.2021(VI-I).05