Author(s): Affaq Thanoon Ibrahem, Marwa Saad Mohamed Elshanawany
The relationship between corporate governance and financial performance has received wide attention of researchers in the last decade. However, numerous researches have been conducted to investigate this linkage in the past, the mixed findings of these researches cast doubt on the notion of a direct and universal relationship between corporate governance mechanisms and financial performance. Therefore, using a contingency theory perspective to address this issue can explain the mixed results in the literature. The issue was addressed through examining the effect of compliance with the corporate governance on Financial Performance of 58 Listed firms in Iraq. The results proved that corporate governance mechanisms have positive and significant effect on corporate financial performance. But like any other research, the present research is also subject to certain limitations, which should be considered while using the results of this research and the future researchers should attempt to overcome these limitations.