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Many studies indicate the financial liberalization can stimulate financial center development. In Pakistan, the banking sector dominants its financial industry. Therefore, in order to become a global financial center, Pakistan government embarked on a financial liberalization program to liberalize access to Pakistan s domestic banking market to create a stronger and more competitive banking environment in the face of globalization trends. These reforms have led to a resilient banking sector in the country.This research is highly recommended for the students of Economics and Corporate...

In this research, we conduct a literature review of various papers pertaining to the relationship between corporate governance and firm performance. We begin our review with the landmark G-Index developed by Gompers, Ishii, and Metrick (2003) and compare it with the Gov-Score developed by Brown and Caylor (2004). We find sufficient evidence to suggest that the latter is a better indicator of firm performance. We then proceed to review various studies from around the world, including USA, UK and Eurozone countries, Australia, China, Middle East, Malaysia, Sri Lanka, Nigeria, and finally return...