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  3. Financial Gearing and Corporate Governance: Impact on the Value of Pakistani Listed Companies
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Abid Rasheed , Maria Gulza , Bilal Sarwar , Ghulam Mustafa

Financial Gearing and Corporate Governance: Impact on the Value of Pakistani Listed Companies

This research aims to check out the impact of corporate governance and financial leverage on Pakistan's textile firm's value. A sample of 15 textile companies is selected, out of 180 textile firms listed on PSE data from 2015 to 2019. Overall correlation results show a negative relationship between corporate governance and textile firms in Pakistan but positively correlated with financial leverage. But the regression analysis Audit committee and ROA have an insignificant impact on the firm's value and show board size negative and negligible impact on firm value. However, on the other hand, financial leverage has a positive and significant relationship with textile firms. Other findings also show board size has a negative impact on the value of Pakistan's textile firms. Finally, it is concluded that an organization with very strong management and good governance should be very good in its value. This research contributes to the literature on the affairs that effect the value of the firm. The outcome of this research possibly helps full for investors, Managers, and financial administration advisor.