Showing 1 - 10 of 10,038
The article attempts to investigate the role of ownership structure and corporate governance in mitigating agency cost in a sample of 50 firms selected on the basis of market capitalization from “Karachi Stock Exchange” during the period 2003 to 2006. We used the proxy asset utilisation...
Persistent link: https://www.econbiz.de/10011260596
This paper not only recommends means whereby principal-agent problems could be addressed, but also considers various ways in which the external auditor and audit committees contribute as corporate governance tools. The impact of bank regulations on risk taking and the need for a consideration of...
Persistent link: https://www.econbiz.de/10011260501
This study first examines whether it is appropriate to integrate the 13 observed corporate governance mechanisms into the multiconstruct of information transparency, ownership structure, board structure, and firm value, and further explores whether a company's simultaneous adoption of the...
Persistent link: https://www.econbiz.de/10010816778
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three noncompeting explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10005762239
The objective of this study is to analyse the impact of internal governance mechanisms related to the board of directors, the audit committee and the ownership structure on the value relevance of accounting earnings in the French context. Using the method of Panel Corrected Standard Errors in...
Persistent link: https://www.econbiz.de/10011207776
Persistent link: https://www.econbiz.de/10000801205
This study is an attempt to determine the capital structure of listed firms in the chemical industry of Pakistan. The …
Persistent link: https://www.econbiz.de/10010586237
This study examines the impact of the quality of corporate governance, as measured by a specially constructed corporate governance index, on the expected cost of equitycalculated using the capital asset pricing model (CAPM) approach. A total of 114 listed companies were investigated to analyze...
Persistent link: https://www.econbiz.de/10010861904
reveal that even though reporting of CSR is voluntary in Pakistan, the participation of Pakistani commercial banks in … Pakistan. The major limitation of this study is that the data is only based on annual reports of commercial banks of Pakistan … particular perspective of a transitional economy’s banks such as Pakistan. By providing empirical facts of the effect of CG …
Persistent link: https://www.econbiz.de/10010949433
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