The average ROE shows an improvement which indicate that firms are improving performance over the period

Abstract

To better understand the data, basic descriptive statistics applied, even if descriptive do not tell the whole story, but describe minimum, maximum, means and standard deviation of all variables. Table 3 shows descriptive of firm performance for the year 2009 and corporate governance for the year 2010. Descriptive statistics in 2009 disclose that the average ROA is 6.4610 which indicate that KSE listed firms have normal return on assets. However standard deviation of 18.94721 suggests that there is considerable variation in return. In2009, Dewan Auto Engineering shows minimum ROA of -42.53 and Pangrio Sugar Mills have maximum ROA of 78.37.