Abstract:
Purpose
The aim ofthis study was to investigate the effect ofcorporate governance on firm performance
of KSE-100 index textile companies in Pakistan.
Methodology and Design
The study was quantitative in nature and use the longitudinal research design. The data was
collected for the period of 2017 to 2021 from the annual report of 100 index listed textile
companies in Pakistan. The panel data regression model was run in three phases pulled affect
random effect and fixed effect model both of descriptive and regression model was run to test
the research hypothesis.
Findings
Panel data results indicates that concentration ownership, board independence and board have
negative and significant effect on return on assets, board size and ownership concentration
have positive effect on return on asset. In other words, concentration ownership has
insignificant effect on return on equity, while board size, board independence, board diversity,
ownership concentration has significant effect on return on assets. Further results indicates
that concentration ownership, board independence, board diversity, ownership concentration
have significant effect on earnings per share while board size has insignificant effect on
earnings per share.
Limitation and recommendation
The research was limited on Pakistan, which is a developing nation, future research could be
limited on direct effect, future research could conduct on developed nations. The research was
be conduct on indirect mediating or moderating effect. Lastly, the research was on longitudinal
on qualitative and quantitative research research design, future research could be conduct
approach mix
