Effect of Corporate Governance on Firm Performance of Oil & Gas Exploration Sector of Pakistan
Author(s)
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Abstract
Oil and gas exploration sector are important for Pakistan. However, its effect on the economy is often overlooked. The main objective of this study is to check the effect of corporate practice on firm performance of oil and gas exploration sector of Pakistan. For this purpose, quantitative study technique is used, secondary data is used and taken from the 4 registered companies of Pakistan stock exchanges. Data used in this study collected from the period of 2013 to 2017. Finding of this study shows that board size and CEO Duality have a positive effect on return on asset and return on equity and No. of committees have a negative effect on return on assets and return on equity, but board size positively effect on profit margin, but No. of committees and CEO Duality have a negative effect on profit margin.
Keywords
Board size, Non-Executive directors, CEO Duality, Board Committees
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