The impact of Board Experience on Firm Performance: Evidence from Pakistan

Abstract

This study shows that how Board experience as corporate governance Facets effect on firm performance (Evidence from Pakistan). The sample size of the study was 100 non-financial companies listed on Pakistan Stock Exchange selected through purposive sampling technique while covering the time period from 2010 to 2019. The result concluded that a significant relationship exists between Board working Experience (BWE) and Firm Performance. The result shows that increase the percentage of board working experience can better monitor all the activities of firms and avoid the firms to get higher debts which leads to better firm performance and mitigate the Effect of Default Risk. The importance of the study is that it highlights the different dimensions of female Board Member as corporate Governance facets which may be useful for investors before making any investment decisions. The existing literature is mostly related to the developed countries. In this view, this study may also have enhanced contribution in the literature because its results pertain to an emerging economy of Pakistan.