Role of Corporate Governance in Firm â€œPerformance and Ownership Structureâ€: Evidence from Listed Food Companies in Pakistan
Tabinda Qureshi and
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Tabinda Qureshi: Research Scholar at Institute of Business Management, Karachi, Pakistan
Waqas Mahmood: Researcher, Karachi, Pakistan
International Journal of Economics and Financial Research, 2018, vol. 4, issue 6, 188-196
This study aims at examining the impact of the ownership structure on the overall performance of listed companies in Pakistan to specify how different ownership structures and corporate governance culture differ from each other and thus explores the effects of different ownership structures and corporate governance on the performance of companiesâ€™ productivity. In order to compare Returns on Investment (ROI) and Returns on Equity (ROE) of the five (5) listed food companies in Pakistan were calculated using secondary data from the audited financial reports of such companies based on their annual reports between 2007 and 2016. During this research for the analysis of gathered data, regression model was used with the assistance of EViews in order to examine the relationship between the corporate governance mechanism including board is size, board composition, and audit committee and the performance variables including Net Profit Ratio (NPR) and Rate of Return (RoR). The findings of the our study are consistent with the reviewed literature, as the performance of firms (in terms of return on assent and net profit ratio) does not seem to be dependent on the board size, composition, and audit committee composition of firms.
Keywords: Firm performance; Board size; Corporate governance; PSX; Board composition; Audit committee; Net profit ratio; Rate of return. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2018:p:188-196
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