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.
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.