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This paper investigates the impact of corporate governance on firm value measured by Tobin’s Q. Different corporate governance proxies i.e. board size, board independence, audit committee and CEO duality are interacted with firm value. | An empirical analysis of corporate governance and firm value Evidence from KSE-100 Index Accounting 3 2017 119 130 Contents lists available at GrowingScience Accounting homepage www.GrowingScience.com ac ac.html An empirical analysis of corporate governance and firm value Evidence from KSE-100 Index Asad Khan Sarfaraz Tanveer and Umbreen Malik Department of Management Sciences University of Haripur Pakistan CHRONICLE ABSTRACT Article history This paper investigates the impact of corporate governance on firm value measured by Tobin s Received December 5 2014 Q. Different corporate governance proxies i.e. board size board independence audit committee Received in revised format and CEO duality are interacted with firm value. A sample of 91 nonfinancial firms listed on February 16 2016 KSE was selected over the period 2010-2014. The findings of the study show that board size Accepted July 1 2016 Available online and CEO duality had negative impacts on firm value. Moreover board size non-executive July 25 2016 directors and audit committee had positive and significant impacts on firm value. Keywords Corporate governance Firm value Tobin s Q 2017 Growing Science Ltd. All rights reserved. 1. Introduction The study of corporate governance in the field of management has traditionally highlighted and addressed the complexities of organizational decision such as Board composition powers of executives and senior managers Smith 2014 . Various studies over the years on subject of corporate governance have shaped a unique combination of stakeholder s working relationship risk management employee s compensation and other challenges important to organization Renders amp Gaeremynck 2012 Huyghebaert amp Wang 2012 Pindado Requejo amp de la Torre 2012 . Moreover the constantly evolving organizational dynamics and business environment also give birth to new questions issues and conflicting managerial roles and their new contexts to social and environmental complexities King amp Wen .