Impact of CEO Duality and Audit Committee on Firm Performance: A Study of Oil & Gas Listed Firms of Pakistan

Research Journal of Finance and Accounting, ISSN 2222-1697 (Paper), ISSN 2222-2847 (Online) Vol. 5, No. 17, 2014

7 Pages Posted: 29 Oct 2014

See all articles by Muhammad Arslan

Muhammad Arslan

Bahria University Alumnus; Lincoln University (NZ)

Rashid Zaman

Lincoln University New Zealand

R. K. Malik

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST)

Asif Mehmood

Allama Iqbal Open University

Date Written: October 26, 2014

Abstract

This paper examines the relationship between corporate governance mechanisms and performance of the firm. In this empirical paper, audit committee and CEO duality are taken as corporate governance mechanisms and profit margin and return on equity are taken as a measure of performance of the firm for a sample of 11 listed firms of Pakistan for year 2010-2011. Results reveal positive significant relationship of return on equity and profit margin with audit committee. However, this study could not provide a significant relationship of CEO duality with return on equity and profit of the firm. The findings of study help policy makers in setting of proper policies. The finding also determines the importance of audit committee and CEO duality in terms of profitability.

Keywords: Corporate Governance, Firm Performance, CEO Duality

Suggested Citation

Arslan, Muhammad and Zaman, Rashid and Malik, R. K. and Mehmood, Asif, Impact of CEO Duality and Audit Committee on Firm Performance: A Study of Oil & Gas Listed Firms of Pakistan (October 26, 2014). Research Journal of Finance and Accounting, ISSN 2222-1697 (Paper), ISSN 2222-2847 (Online) Vol. 5, No. 17, 2014 . Available at SSRN: https://ssrn.com/abstract=2515067 or http://dx.doi.org/10.2139/ssrn.2515067

Muhammad Arslan (Contact Author)

Bahria University Alumnus ( email )

44000 Islamabad
Pakistan
+923317500173 (Phone)

HOME PAGE: http://www.muhammadarslan.info/

Lincoln University (NZ) ( email )

PO Box 85084
Ellesmere Junction Road/Springs Road
Lincoln, 7647
New Zealand

Rashid Zaman

Lincoln University New Zealand ( email )

Ellesmere Jct Rd, Lincoln 7647
Chrsitchurch, 7647
New Zealand

R. K. Malik

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) ( email )

90 and 100 Clifton
Karachi, ISLAMABAD 75600
Pakistan

Asif Mehmood

Allama Iqbal Open University

Sector H-8
islamabad, Punjab 44000
Pakistan

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