تلخیص
The purpose of this research is to analyze the association between corporate governance and
firm performance. Specifically, it examines the impact of CEO duality on board characteristics
and its relationship with firm performance through dynamic penal estimation. Findings of this
research are based on a sample of 191 listed non-financial firms over the period 2004-2014. We
document that the corporate governance plays a pivotal role in determining the financial
performance of firms operating in Pakistan. Consistent with past studies, findings of this
research also show some statistical variations among the sampled firms (large and small size).
The CEO duality compromises the efficiency of board independence. Further, the non-linear
relationship of managerial ownership with performance is also depicted through the results of
this study.
Muhammad Akbar, Shahzad Hussain, Tanveer Ahmad, Shoib Hassan. (2019) Corporate governance and firm performance in Pakistan: Dynamic panel estimation, Abasyn Journal of Social Sciences, Volume-12, Issue-2.
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