Similar Search Results

Debt and Corporate Governance in Emerging Economies - Evidence from India

Sarkar, Jayati; Sarkar, Subrata - East Asian Bureau of Economic Research (EABER) - 2005

We analyze the role of debt in corporate governance with respect to a large emerging economy, India, where debt has … been an important source of external finance. First, we examine the extent to which debt acts as a disciplining device in …-affiliated and non-affiliated companies to see if the governance role of debt is sensitive to ownership and control structures …

Persistent link: https://www.econbiz.de/10009365427

Corporate Governance, Business Group Affiliation, and Firm Performance : Descriptive Evidence from Pakistan

Ghani, Waqar I.; Ashraf, Junaid - East Asian Bureau of Economic Research (EABER) - 2005

analysis find that group firms have higher liquidity/short-term debt paying ability, and lower financial leverage than those of …

Persistent link: https://www.econbiz.de/10009363288

Corporate Governance Changes in Pakistanââ‚¬â„¢s Banking Sector : Is There a Performance Effect?

Burki, Abid A.; Ahmad, Shabbir - East Asian Bureau of Economic Research (EABER) - 2007

In this paper we explore the role of the static, selection and dynamic corporate governance changes on performance of commercial banks. We use stochastic cost frontier and panel data methods for an unbalanced panel data of Pakistani banks from 1991 to 2005. We find overall bank cost inefficiency...

Persistent link: https://www.econbiz.de/10009363274

The Relationship between Corporate Governance Indicators and Firm Value : A Case Study of Karachi Stock Exchange

Javed, Attiya Y.; Iqbal, Robina - East Asian Bureau of Economic Research (EABER) - 2007

We investigated whether differences in quality of firm-level corporate governance can explain the firm-level performance in a cross-section of companies listed at Karachi Stock Exchange. Therefore, we analysed the relationship between firm-level value as measured by Tobins Q and total Corporate...

Persistent link: https://www.econbiz.de/10009363281

Corporate Governance for Banks in Pakistan : Recent Developments and Regional Comparisons

Khalid, Ahmed M.; Hanif, Muhammad N. - East Asian Bureau of Economic Research (EABER) - 2005

The emerging economies in the South Asian region have embarked on a bold reform process to develop the banking sector. This development has improved the transparency and accountability of the banking sector because these countries focused on best practice corporate governance for banks. In view...

Persistent link: https://www.econbiz.de/10009363283

Corporate Governance in Pakistan : Corporate Valuation, Ownership and Financing

Javid, Attiya Y.; Iqbal, Robina - East Asian Bureau of Economic Research (EABER) - 2010

practices which is consistent with agency theory. The results suggest that firms which need more equity financing practice good …

Persistent link: https://www.econbiz.de/10009363300

Regulatory Impact Assessment of SECPââ‚¬â„¢s Corporate Governance Code in Pakistan

Rais, Rasul Bakhsh; Saeed, Asif - East Asian Bureau of Economic Research (EABER) - 2005

This paper attempts to analyze the Corporate Governance Code 2002 in the light of Regulatory Impact Assessment (RIA) framework and its enforcement and application in Pakistan in order to understand the dynamics of public decisionmaking and assess the efficacy of the regulation policy of SECP in...

Persistent link: https://www.econbiz.de/10009363322

Honesty and Intermediation : Corporate Cheating, Auditor Involvement and the Implications for Development

Guha, Brishti - East Asian Bureau of Economic Research (EABER) - 2005

We examine self-enforcing honesty in firm-investor relations in an imperfect public information game. Minimum firm size requirements and moral hazard limit ability to raise outside capital, yielding a floor on personal wealth required to enter entrepreneurship. Credible auditing could create...

Persistent link: https://www.econbiz.de/10009363764

THE INCIDENCE AND PERFORMANCE EFFECTS OF INTERLOCKING DIRECTORATES IN EMERGING MARKET BUSINESS GROUPS : EVIDENCE FROM INDIA

De, Bikram - East Asian Bureau of Economic Research (EABER) - 2003

The phenomenon of interlocking directorates is widespread among corporate across the world. This paper studies the structure and extent of interlocking directorates within Indian business groups and analyses the performance effects of such interlocks. It finds that large groups tend to have more...

Persistent link: https://www.econbiz.de/10009363776

The Auditor and the Firm : A Simple Model of Corporate Cheating and Intermediation

Guha, Brishti - East Asian Bureau of Economic Research (EABER) - 2005

We apply a game-theoretic model to the analysis of the recent spate of corporate scandals in which firms have cheated their investors, often with the aid of external auditors. We characterize the different types of equilibria that obtain for different parameter ranges in an auditors absence (the...

Persistent link: https://www.econbiz.de/10009363786