Abstract
The research will examine the role of corporate governance (CG) practices on firm’s financial performance. Population of this research will be manufacture sector of Pakistan. For the purposes of measurement of impact of corporate governance practices such as board size, board independence, CEO/chairman duality and audit committee will take as independent variables and for the measurement of firm’s performance return on assets and return on equity will take as dependent variables. Panel data regression model will used to estimate the impact of CG on firm performance.
Highlights
Corporate Governance can be defined in a variety of ways; generally it is a system or mechanism by which organizations are controlled
Corporate governance is considered as a system by which managers are held responsible for corporate conduct and performance
According to (López de Silanes, La Porta, & Shleifer, 1999) corporate governance is “a set of mechanisms with the help of which outsiders safeguard themselves against expropriation by the insiders
Summary
Corporate Governance can be defined in a variety of ways; generally it is a system or mechanism by which organizations are controlled It includes the set of rules and regulations that affect the decisions of managers and distribution of rights and duties among all stakeholders of the corporation such as boards, managers, shareholders and other stakeholders. According to (López de Silanes, La Porta, & Shleifer, 1999) corporate governance is “a set of mechanisms with the help of which outsiders safeguard themselves against expropriation by the insiders. Insiders include both managers and controlling shareholders”
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