Impact of Corporate Governance on Financial Performance of Organization: Study of Manufacturing Firms in Pakistan
Abstract
This study aimed to discover the impact of the corporate governance mechanism on firm financial performance and better understand the relationship among different corporate governance mechanisms such as board size, board composition, and firm performance in the Karachi Stock Exchange. All listed manufacturing firms at PSE are the population of this study. The data has been collected through simple random sampling of different manufacturing firms. The panel regression method technique is used in the present study to identify corporate governances effect on a firms financial performance. The findings of this study highlight that the Board of directors characters do matter a lot in the non-financial sector of Pakistan. So the policymakers and rest of the stakeholders must consider the finding of this study while formulating different policies regarding the above discussed dimension of Board of directors to magnify their respective firms’ financial performance.
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