• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu

    • Abstracting/ Indexing:  Crossref, CNKI, EBSCO

    • Article Processing Charge (APC): 500 USD

    • E-mail: ijtef.editorial.office@gmail.com

HOME > Archive > 2011 > Volume 2 Number 1 (Feb. 2011) >
IJTEF 2011 Vol.2(1): 39-43 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2011.V2.76

Corporate Governance and Firm Performance: A Case study of Karachi Stock Market

Humera Khatab, Maryam Masood, Khalid Zaman, Sundas Saleem, and Bilal Saeed

Abstract—This paper seeks to investigate the relationship between corporate governance and firm’s performance of twenty firms listed at Karachi Stock Exchange. The performance of corporate governance is analyzed through Tobin’s Q, while performance of the firms is measured by return on assets (ROA) and return on equity (ROE). The data set is obtained from the annual reports for the year 2005-2009. The multiple regression models are applied to test the significance of corporate governance and firm profitability. The result shows that leverage and growth have a positive relationship with Tobin’s Q, which confirms a significant effect in measuring performance of the firm. It means that firms with having good corporate governance measures perform well as compared to the firms having no or less corporate governance practices.

Index Terms—Tobin’s Q, Leverage, Return on assets, Return on equity, Karachi Stock Market, Pakistan.

Humera Khatab, MS Scholar, Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan.
Maryam Masood, MS Scholar, Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan.
Khalid Zaman, Assistant Professor, Department of Management Sciences, COMSATS institute of Information Technology, Abbottabad, Pakistan (+92-(0)-334-898-2744; fax: +92-(0992-383-441; e-mail: khalidzaman@ciit.net.pk).
Sundas Saleem, MS Scholar, Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan.
Bilal Saeed, MS Scholar, Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan. Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan.

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Cite:Humera Khatab, Maryam Masood, Khalid Zaman, Sundas Saleem, and Bilal Saeed, "Corporate Governance and Firm Performance: A Case study of Karachi Stock Market," International Journal of Trade, Economics and Finance vol.2, no.1, pp. 39-43, 2011.

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