The impact of corporate governance on firm's performance with the mediating effect of capital structure

This research investigates the impact of corporate governance on firm's performance in the presence of capital structure as a mediating factor for 93 Turkish firms between the period of 2016-2020. The current study takes board size, board independence, audit committee size, and CEO duality as representative factors which comes under the corporate governance. Researcher uses panel regression analysis technique to extract meaningful relationship among considered variables. The study relied on Panel Regression Modeling for studying the acceptance and rejection of considered hypothesis while structural equation modeling has been carried out to check the mediation role with the help of mediation analysis. The findings of current study provide a brief policy implication for organization such as the higher significant variables board independence and audit committee size must be addressed to extract positive firm performance in the presence of capital structure. The CEO duality and board size need to be considered as theoretical implications for promoting firm's performance.