Conceptualizing the Moderating Role of CEO Power and Ownership Concentration in the Relationship between Audit Committee and Firm Performance: Empirical Evidence from Pakistan

Firms in developing economies generally find ways to enhance their reputation and growth the international market. In this context, an Audit Committee (AC) is composed of multiple skilled members that control monitor auditing activities present a transparent image firm, which automatically attracts investors builds investor confidence. Therefore, study used CEO power ownership concentration as moderating factors examine connection between AC firm performance. For purpose, data Pakistani manufacturing firms for period 2008 2018 applied Ordinary Least Square (OLS) method, Fixed Effect (FE) model, Generalized Method Moments (GMM). To check robustness results, Feasible (FGLS) model. The findings contended performance have positive association with each other. Moreover, revealed positively influenced Furthermore, lower valuable approach maximize firm’s Importantly, outcomes concluded effects power. also effect concentration.