Board Leadership Structure and Firm Performance : Evidence from Listed Companies in Sri Lanka

Corporate Governance as a mechanism helps to align management's goals with those of thestakeholders that are to increase firm performance. The aim of this study is to identify therelationship between board leadership structure and firm performance of listed companies inSri Lanka during the period of 2014-2016. The data was collected from the secondary datasources and board leadership structure is measured by CEO duality. The sample of this studyconsists of 100 firms listed in Colombo Stock Exchange based on market capitalization. Forthe purpose of data analysis, Pearson‟s correlation analysis and independent sample t-testwere used to examine the hypotheses of this study. The findings reveal that board leadershipstructure is positively correlated with firm performance in terms of Tobin‟s Q and there is nosignificant difference in firm performance between CEO duality firms & non-duality firms