Factors Impacting on Corporate Financial Performance: Evidence from Engineering Corporations

This research aimed to investigate the influence of the board of directors on the financial performance of Jordanian engineering businesses listed on the Amman Stock Exchange (ASE) by assessing several variables, including board size, board independence, and CEO duality. Financial success is assessed by return on assets and Tobin's Q. Between 2013 and 2023, 143 engineering businesses were analysed. The research revealed that the indexed organisations at ASE from 2013 to 2023 had substantial financial success aligned with Jordan's enhanced comprehension and implementation of board of directors' characteristics. This research showed that board size and independence exerted an impact on CEO dualism about financial success. The report advises frequent evaluation of the codes and mandates that firms assess corporate governance principles via laws and regulations to promote adherence to these standards. Additionally, the expertise, commitment, and independence of board members are continuously evaluated. Stock exchanges need to provide seminars and workshops for business managers and decision-makers to improve comprehension of good corporate governance, particularly its significance.