This study investigated the relationship between board structure and financial performance of\nlisted finance companies in Sri Lanka. Data were gathered from the financial statements of\nrandomly selected 20 finance companies which are listed on CSE under Bank, Finance and\nInsurance Sector for the period of 2011-2015. Financial performance was measured by return\non assets (ROA). Board size, female board members, CEO duality, and non-executive\ndirectors were considered as the parameters of board structure. Furthermore market\ncapitalization was taken as the control variable. Pooled OLS was performed using STATA\nfor the analysis of data. Results of the study revealed that board size and non-executive\ndirectors had significant relationship with ROA. Besides, female board and CEO duality were\nnot significantly related to ROA. This study may helpful for the practitioners and policy\nmakers to maximize the profit. Moreover, analyzing the relationship between board structure\nand financial performance of firms offering non-financial services can also be a worthwhile\nresearch.
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