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Nexus between boardroom independence and firm financial performance: evidence from South Asian emerging market

Business

Nexus between boardroom independence and firm financial performance: evidence from South Asian emerging market

M. J. Khan, F. Saleem, et al.

This research, conducted by Majid Jamal Khan, Faiza Saleem, Shahab Ud Din, and Muhammad Yar Khan, explores how boardroom independence affects financial performance in Pakistan's non-financial firms. Surprisingly, a strong negative correlation was found, indicating that independent directors often have closer ties to dominant shareholders, which impacts performance metrics significantly.

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