Abstract

The contemporary study identified a gap in sympathy for how Shariah compliance and family ownership moderate the impacts of corporate governance and firm efficiency. Therefore, the objective of the investigation of the connection between different facets of corporate governance and business efficiency, with a specific objective, is to investigate the moderating effect of Shariah compliance and family ownership linking corporate governance and firm efficiency. The panel data was taken from the Pakistan Stock Exchange, which had 475 non-financial listed firms from 2014 to 2024. The panel data was analyzed via OLS regression, and various diagnostics assessments were used to estimate and analyze the data precisely. In addition, SEM via SmartPLS was used to evaluate the moderation effect using the bootstrapping method. The results show that audit committees, management ownership, and board independence all significantly increase firm efficiency, but Shariah conformity and family ownership show intricate moderating impacts. The originality of this research resides in its thorough examination of how contextual elements and corporate governance interact to affect company success, offering investors, business executives, and legislators insightful information.

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