摘要：This paper aims at investigating the relationship between corporate governance mechanisms (CGM) and the performance of insurers in Pakistan. Major corporate governance theories such as agency theory, resource dependence theory, and stewardship theory are used to address governance mechanisms. Data of listed insurers on the Pakistan Stock Exchange (PSX) was collected from annual reports for a period of 12 years from 2007–2018. Pooled OLS is used for analysis purpose, and findings indicate that board composition, ownership concentration, and executive compensation are the most influential internal CGM for the insurers' performance. Board composition and executive compensation are significantly negatively related to all performance measures, but ownership concentration significantly positively impact the performance of insurers in Pakistan. Control variables size and age positively impacts all performance measures while leverage negatively impacts all performance measures. In sum, the regression results of this study indicate that CGM has significant effects on the insurer’s performance in Pakistan.
