Journal of Business and Management Sciences
ISSN (Print): 2333-4495 ISSN (Online): 2333-4533 Website: http://www.sciepub.com/journal/jbms Editor-in-chief: Heap-Yih Chong
Open Access
Journal Browser
Go
Journal of Business and Management Sciences. 2013, 1(4), 44-46
DOI: 10.12691/jbms-1-4-1
Open AccessArticle

Impact of Corporate Governance on Performance of Firms: A Case Study of Cement Industry in Pakistan

Khaliq Ur Rehman Cheema1, and Muhammad Sadat Din1

1MS Scholar at Department of Business Administration, Govt College University, Faisalabad

Pub. Date: July 30, 2013

Cite this paper:
Khaliq Ur Rehman Cheema and Muhammad Sadat Din. Impact of Corporate Governance on Performance of Firms: A Case Study of Cement Industry in Pakistan. Journal of Business and Management Sciences. 2013; 1(4):44-46. doi: 10.12691/jbms-1-4-1

Abstract

This research paper throws light on the relationship between the corporate governance and Firm financial performance in Cement industry of Pakistan. This study gives attention to three variables which include board Size, Family controlled firms, and CEO duality. Firm’s performance is measured through return on equity, return on assets, and earnings per share, debt to equity and current ratio. Positive relationship between corporate governance and firm performance has been observed.

Keywords:
corporate governance firm financial performance ROA ROE EPS current ratio debt to equity board independence CEO duality and audit committee independence

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]  Bravo, M. N., et al. "Analysis of phenolic compounds in Muscatel wines produced in Portugal." Analytica Chimica Acta 563.1 (2006): 84-92.
 
[2]  Magdi, R and R, Nadareh. (2002), “Corporate governance: A framework for implementation”,Britain World Group Journal, 20, 123- 132.
 
[3]  Cremers, K. J., and Vinay B. Nair. "Governance mechanisms and equity prices" The Journal of Finance 60.6 (2005): 2859-2894.
 
[4]  Tricker, Robert Ian. International corporate governance: Text, readings and cases. Singapore: Prentice Hall, 1994.
 
[5]  Chen, Jing, Naureen M. Rahman, and Ibrahim Abu Atiya. "Radon exhalation from building materials for decorative use" Journal of environmental radioactivity 101.4 (2010): 317-322.
 
[6]  Shaheen, Rozina, and Mohammad Nishat. "Corporate Governance and Firm Performance: An Exploratory Analysis." Conference of Lahore School of Management Sciences, Lahore 2005
 
[7]  Khan, Khurram, and Ali Raza Nemati. "Impact of job involvement on employee satisfaction: A study based on medical doctors working at Riphah International University Teaching Hospitals in Pakistan." Afr. J. Bus. Manag 5.6 (2011): 2241-2246.
 
[8]  Daily, Catherine M., and Dan R. Dalton. "Board of director’s leadership and structure: Control and performance implications." Entrepreneurship Theory and Practice 17 (1993): 65-65.
 
[9]  Daily, Catherine M., and Dan R. Dalton. "The relationship between governance structure and corporate performance in entrepreneurial firms” Journal of Business Venturing 7.5 (1992): 375-386.
 
[10]  Neubaum, Donald O., and Shaker A. Zahra. "Institutional ownership and corporate social performance: The moderating effects of investment horizon, activism, and coordination." Journal of Management 32.1 (2006): 108-131.
 
[11]  Ahmad, Imran Habib. Climate policy integration: towards operationalization. United Nations United Nations Department of Economic and Social Affairs 2009.