CORPORATE GOVERNANCE AND FIRM PERFORMANCE IN EMERGING MARKETS IN PAKISTAN
The purpose of this study is to investigate the impact of Corporate Governance on Firm Performance in emerging markets of Pakistan. Panel data was collected from the period of 2014 to 2019. This study has two models. In the first model, Tobin’s Q was used as the proxy of firm performance. In the second model, return on assets (ROA) was used as the proxy of firm performance. The Panel Least Square Regression was applied to analyze the data. The results showed corporate governance has a positive impact on firm performance. The results indicated that increases in the Corporate Governance Index increase the financial performance of the firm and vice versa. The results also found that there is an inverse connection between Family board membership, the board size, and return on assets. The results suggest that companies should maximize the foreign ownership and board size to increase systemic benefits. It helps to compensate for weaknesses.