Impact of Corporate Governance on Firm Performance: Evidence from Sugar Mills of Pakistan

BILAL LATIF, MUHAMMAD NAEEM SHAHID, MUHAMMAD ZIA UL HAQ, HAFIZ MUHAMMAD WAQAS, ARBAB ARSHAD

Abstract


This paper examines the impact of corporate governance mechanisms (Board Size, Board Composition, and CEO/Chairman Duality) on firm performance (Return on Asset) in sugar industry of Pakistan. The data of corporate governance mechanisms (Board Size, Board Composition, and CEO/Chairman Duality) collected from 12 listed sugar mills of Pakistan from 2005 to 2010. Using panel data methodology as a method of estimation Arithmetic mean, ANOVA and t-test applied on data by using SPSS. The results raveled that there is a significant impact of corporate governance on firm performance. Results further reveal that there is a significant impact of board size, CEO/Chairman Duality on ROA, and there is insignificant impact of Board Composition on ROA.

Keywords: Corporate governance, Board of director, firm performance


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ISSN (Paper)2222-1905 ISSN (Online)2222-2839

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