Abstract
This research aims to find the effect of ownership and board characteristics on a firm's performance in listed firms in Pakistan. Data from 75 listed companies were gathered for this purpose between 2011 and 2018. The study's finding shows that board and ownership characteristics have a significant effect on firm performance. The effect of foreign ownership on performance is negative and significant, but state, family and military ownership have a positive and significant impact. The result of board characteristics shows that the performance of the company is significantly impacted and adversely affected by board size. Whereas a positive and significant effect of female board members on business performance was discovered. Among other variables leverage, size and age have a positive and significant effect on RTOA. The result of board characteristics and other control variables changes when compared between family, state, foreign and military ownership.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
