Corporate Governance and Firm Performance in Pakistan: Dynamic Panel Estimation

Akbar, Muhammad and Hussain, Shahzad and Ahmad, Tanveer and Hassan, Shoib (2020) Corporate Governance and Firm Performance in Pakistan: Dynamic Panel Estimation. Working Paper 6. Centre for Applied Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University. (Unpublished)

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Abstract

The purpose of this research is to analyze the association between corporate governance and firm performance. Specifically, it examines the impact of CEO duality on board characteristics and its relationship with firm performance through dynamic penal estimation. Findings of this research are based on a sample of 230 listed non-financial firms over the period 2004-2014. We document that the corporate governance plays a pivotal role in determining the financial performance of firms operating in Pakistan. Consistent with past studies, findings of this research also show some statistical variations among the sampled firms (large and small size). The CEO duality compromises the efficiency of board independence. Further, the non-linear relationship of managerial ownership with performance is also depicted through the results of this study.

Item Type: Monograph (Working Paper)
Identification Number: 6
Date: 19 November 2020
Subjects: N200 Management studies
N300 Finance
N400 Accounting
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Centre for Applied Finance and Economics
Depositing User: Muhammad Akbar
Date Deposited: 20 Nov 2020 10:34
Last Modified: 23 Nov 2020 09:30
URI: http://www.open-access.bcu.ac.uk/id/eprint/10371

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