IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE IN SOUTH ASIAN COUNTRIES

Barkat Ullah, Muhammad Ziaullah, Muhammad Razzaq Athar, Malik Muhammad Faisal and Bushra Zulfiqar
Additional contact information
Barkat Ullah: Department of Business Administration, Ghazi University, Dera Ghazi Khan & University of Education, Dera Ghazi Khan Campus, Pakistan
Muhammad Ziaullah: Department of Business Administration, Ghazi University, Dera Ghazi Khan, Pakistan
Muhammad Razzaq Athar: University Institute of Management Scineces-PMAS-Arid Agriculture University Rawalpindi, Pakistan
Malik Muhammad Faisal: Department of Business Administration, Ghazi University, Dera Ghazi Khan, Pakistan
Bushra Zulfiqar: University Institute of Management Scineces-PMAS-Arid Agriculture University Rawalpindi, Pakistan

Bulletin of Business and Economics (BBE), 2022, vol. 11, issue 2, 198-211

Abstract: This paper investigates the impact of corporate governance on the financial performance of manufacturing firms in South Asian Countries. Financial performance is measured using both accounting and marketing based measures (ROA, ROE and Tobin's Q). However, corporate governance practices are captured through Board Size, CEO Duality, Audit Quality, Audit Committee Size and Audit Activity. The sample of the study comprised a total of 426 listed manufacturing firms of South Asian Countries for period spans 10 years from 2011 to 2020. Generalized Methods of Moments (GMM) was used for data analysis. We find significant impact of corporate governance on firm performance in the South Asian countries. According to the findings audit committee activity and size, as well as audit quality decisions, should be made efficiently as these factors have great implications for improving the performance of manufacturing firms in the South Asian Countries.

Keywords: Corporate Governance; Firm Performance; South Asian Countries (search for similar items in EconPapers)
JEL-codes: G30 L10 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/350/321 (application/pdf)
https://bbejournal.com/index.php/BBE/article/view/350 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:11:y:2022:i:2:p:198-211

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().