Corporate Governance and Financial Performance: Evidence from the Oil and Gas Sector of Pakistan during Covid-19 Pandemic

Abstract

The oil industry in Pakistan had never experienced such difficulties as it endured during the pandemic of COVID-19. This study gears the link between company governance and the industry performance of petroleum sector firms within Pakistan during the crisis. Look at a company's key success indicators to get an idea of how healthy its finances are. Some of these are ROA, ROE, and EPS. The information for the study came from oil and gas (O&G) companies on the Pakistan Stock Exchange (PSX) that worked from 2020 to 2022.Look at a company's key success indicators to get an idea of how healthy its finances are. Some of these are ROA, ROE, and EPS. The information for the study came from oil and gas (O&G) companies on the Pakistan Stock Exchange (PSX) that worked from 2020 to 2022. The study employed PLS Path Modeling, whose basis is the SEM technique. The study suggests that Financial Results of Enterprises in the Oil and Gas in Pakistan during the COVID-19 Epidemic were not largely affected by corporate governance. The results of the work in this study give an important command for the policymakers and professionals holding the business functions and the investors, Those who want to know how better government affects overall financial success and those who want to know how pandemics affect world economies. It is essential to undertake disciplined studies to tackle multidimensional issues behind the industry of oil and Gas, in Pakistan having unstable economic periods.