Corporate Governance, Firm Performance and Financial Leverage across Developed and Emerging Economies

This research inquiry analyzed the association between corporate governance and firm performance through mediating role of financial leverage based on panel data 2568 firms during period from 2002 to 2017. The study uses a two-step dynamic as well generalized method moments (GMM) estimate these relationships. findings demonstrated mediates relationship in context developed economies, also emerging economies. Additionally, is negatively associated with excessive leverage. suggests it responsibility board use low enhance performance. In countries, large-sized leverage, whereas small-sized