An Analysis of Corporate Governance and Its Impact on the Firm’s Financial Performance in Libya: (A Study in ENI Oil and Gas Company)

Abstract

Abstract : Survive in competitive market good and established corporate governance essential and important for growth to modern corporations. Corporate governance effect firm’s performance. In Libyan perspective, corporate governance practices have been established from earlier of 1950 when oil and natural gas were discovered. British and American companies are involved in oil and gas sectors since 1950. ENI is one of the well-known and established oil and gas companies in Libya. Aim of this study was to identify the impact of corporate governance on ENI’s performance in Libya. It has found that there is a positive effect of corporate governance on ENI’s financial performance in Libya. Admitted to a long-term basis, in a transparent and responsible corporate behavior of market confidence in the delivery of benefits to the establishment of a corporate governance practices and procedures.