Abstract
This paper examines the relationship between corporate governance
and profitability of the national and multinational pharmaceutical
firms in Pakistan. Corporate Governance has extensively debatable
topic for researchers, corporate managers, financial analyst,
academicians and strategists. This study has measured corporate
governance dimensions in terms of board size, independent director,
board committees, board remuneration, and firm size. whereas,
profitability of the pharmaceutical firms are measured in terms of
return on assets, return on equity and return on sales. The result of this
study exhibits that board size, independent director, board committees,
board remuneration and firm size are positively associated with
corporate performance. By and large corporate governance has a
strong impact on the corporate performance. Thus, the study has
concluded that corporate governance has a strong significant impact
on the profitability of the pharmaceutical firms in Pakistan.
Khurshed Iqbal, Shahid Jan Kakakhel. (2016) Corporate Governance and its Impact on Profitability of the Pharmaceutical Industry in Pakistan , Journal of Managerial Sciences, Volume 10, Issue 1.
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