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. Abasyn Journal of Social Sciences, 12 (2). pp. 213-230. ISSN 1998-152X
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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 191 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: | Article | ||||||
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| Identification Number: | https://doi.org/10.34091/AJSS.12.2.02 | ||||||
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| Uncontrolled Keywords: | Corporate governance, Accounting-Market based Measures, Firm performance | ||||||
| Subjects: | CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance | ||||||
| Divisions: | Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics > Centre for Accountancy Finance and Economics Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship |
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| Depositing User: | Muhammad Akbar | ||||||
| Date Deposited: | 06 Mar 2020 10:11 | ||||||
| Last Modified: | 20 Jun 2024 12:06 | ||||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/8966 |
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