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RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS THROUGH MODERATING ROLE OF ISO14001

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52 Pages : 581-591

http://dx.doi.org/10.31703/gssr.2023(VIII-II).52      10.31703/gssr.2023(VIII-II).52      Published : Jun 2023

Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001

Abstract

    The objective of this research is to investigate the potential moderating role of ISO14001 in the relationship between corporate governance and firm financial performance. Corporate governance is measured using four dimensions, the variable considered in this analysis encompass board size, frequency of board meetings, gender diversity within the board, and the presence of independent non-executive directors. The assessment of financial performance involves both accounting-based and market-based metrics. The results of this study are obtained from annual company reports, and the study employs purposive sampling with a sample size of 70 manufacturing firms from the PXS 100 index. The empirical findings indicate that CG has a positive significant influence on both ROA and Tobin's Q. Additionally, ISO14001 significantly moderates the relationship between CG and FP.

    Corporate Governance, Financial Performance, Environmental Management Standards, Return on Asset, Tobin’s Q

    (1) Nosheen Rasool
    Assistant Professor/ In-charge, Department of Commerce & Finance, Government College University, Lahore, Punjab, Pakistan.
    (2) Zunaira Zulfiqar
    Research Scholar, Department of Commerce & Finance, Government College University, Lahore, Punjab, Pakistan.
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Cite this article

APA

    APA : Rasool, N., & Zulfiqar, Z. (2023). Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001. Global Social Sciences Review, VIII(II), 581-591. https://doi.org/10.31703/gssr.2023(VIII-II).52

CHICAGO

    CHICAGO : Rasool, Nosheen, and Zunaira Zulfiqar. 2023. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII (II): 581-591 doi: 10.31703/gssr.2023(VIII-II).52

HARVARD

    HARVARD : RASOOL, N. & ZULFIQAR, Z. 2023. Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001. Global Social Sciences Review, VIII, 581-591.

MHRA

    MHRA : Rasool, Nosheen, and Zunaira Zulfiqar. 2023. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII: 581-591

MLA

    MLA : Rasool, Nosheen, and Zunaira Zulfiqar. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review, VIII.II (2023): 581-591 Print.

OXFORD

    OXFORD : Rasool, Nosheen and Zulfiqar, Zunaira (2023), "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001", Global Social Sciences Review, VIII (II), 581-591

TURABIAN

    TURABIAN : Rasool, Nosheen, and Zunaira Zulfiqar. "Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001." Global Social Sciences Review VIII, no. II (2023): 581-591. https://doi.org/10.31703/gssr.2023(VIII-II).52