Do board characteristics provide more enhancement for firm financial performance? A corporate governance perspective

Abstract
The aim of this study is to explore the link of board characteristics as a feature of corporate governance perspective and firm financial performance. This empirical study focuses on non-financial listed firms covering 65 industrial ones of the Jordanian non-financial sector.
Multiple regression analysis instruments have been used to investigate the hypothesis on data collected for the year 2017. Accounting-based measurements have been utilized for measuring firm financial performance. On one side, empirical findings of the current study indicate that separation of CEO and chairman of the board is revealed to
positively affect firm financial performance that helps in enhancing decision-making to improve firm financial performance, which also prior studies confirm its important (e.g., DeBoskey, Luo, & Zhou, 2019; Hoitash & Mkrtchyan, 2018); on the other hand, the findings indicate that board size is insignificant in its relationship with firm financial
performance and this result is in line with some previous studies (e.g.,