Atty, A.M.A., Moustafasoliman, M. and Youssef, A.E. (2018) The Effect of Board of Directors Characteristics on Firm’s Financial Performance: An Empirical Study on the Most Active Firms in the Egyptian Stock Exchange. Open Access Library Journal, 5, 1-19.
https://doi.org/10.4236/oalib.1104993

has been cited by the following article:

• TITLE: Board Composition Nexus to Financial Performance of Listed Companies on PSX: An Empirical Analysis

  AUTHORS: Muhammad Uzair Farooq Khan, Fayyaz Ali Khan, Luguang Zhang

  KEYWORDS: Board Composition, Financial Performance, PSX, KSE-30 Index

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.9 No.12, December 19, 2019

  ABSTRACT: This paper evaluated the nexus of board composition with the financial performance of the firms listed on PSX. The research specifically considered the case of KSE-30 index and data spanned from 2014 to 2018 which asserts 5 years. The board composition was represented by board size, gender diversity, non-executive directors (NEDs), and board independence controlled by age of firms, financial leverage and firm size. For financial performance, the metrics of ROE and ROA was utilised. The analysis techniques incorporate regression and correlation. In accordance with regression, the influence on NEDs was positive on both ROA and ROE in a significant manner whereas, gender diversity affected them negatively. Besides, board size negatively and board independence positively influenced financial performance but partially. In addition, financial leverage positively and partially controlled the nexus.