DefinePK

Abstract

The main objective of the present study is to test the impact of Corporate Governance (CG) attributes on Firm Performance (FP) with the moderating role of Family Ownership (FOWN). FP is measured with three distinct proxies, i.e., Return on Assets (ROA), Return on Equity (ROE), and Tobin’s Q (TBQ). The sample of this study consists of 50 non-financial companies from the KSE-100 index. The data were collected from 2017 to 2022, making a total of 300 firm-year observations. For data analysis, the regression fixed effect technique is used for the three models. The results of the study revealed that one CG attribute, Board Size (BS), is positively and significantly related to FP. In addition to that, the moderating effect of FOWN is also significant in BS only. According to the results of this study, the significance of CG and family ties for FP proves to be worth the attention of policymakers, non-financial companies, regulatory bodies, and stakeholders for future aspects.