Financial Liberalization in recent years is seen as a driver of economic growth. However, at the same time, many authors have argued that free capital mobility produces macroeconomic instability and contributes to financial vulnerability in emerging nations. For example, Stiglitz (2002) has...

This study examines profit efficiency and its determinants in the corporate sector of Pakistan during the study period by using a stochastic frontier approach (SFA), specified by Battese and Coelli (1995). A balanced panel data of 30 companies, 22 manufacturing, and 8 energy companies for the...

Audit quality is viewed as a basic element influencing the dependability of financial statements. The objective of this study is to investigate the impacts of audit firm characteristics, including audit firms' reputation and audit fees on the quality of auditing. We utilized...

Board diversity has lately being a heavily contested topic of research. Women, having a unique pool of resources and human capital, bring unique and diverse skills to the board that could improve board performance which positively impacts firm value. This study aims to investigate board gender...

The study examined the dynamic relationship between Automobile Stock Returns of Pakistan and stock prices of the Automobiles sector, SPI (Sensitive Price Indicator), Interest Rate, Exchange Rate using Vector Autoregression (VAR) econometric model. The results based on weekly data from January...

After financial crises, regulatory control makes it difficult for firms in acquiring cash flows to sustain financial safety. As a result, many listed companies in Pakistan prone to follow the “new pecking order theory” whereby they prefer equity financing rather than debt financing. Yet, the...

This paper examines the effect of financial market uncertainty on market returns of different countries of the world. The effect of other macroeconomic factors on the world's Equity Market Indices was also explored. These factors included Consumer Price Index (CPI), Real Interest Rates (R.IR),...

Prior evidence suggests that the presence of women on director boards increases the quantity and quality of public disclosure by firms. To explore this on Pakistan, we examined gender diversity in the corporate board and its relationship with information asymmetry in the stock market of...

The purpose of this paper is to investigate the relationship between the share price volatility in Pakistan and their dividend policies which affect the share price. We use dividend yield and dividend payout as proxies of dividend policy, and regress these ratios together with other control...

The purpose of this paper is to empirically examine the relationship between entrepreneur chief executive officers (CEOs) and firm performance. Based on the theoretical argument that microfinance entrepreneur-chief executive officers (CEOs) are “motivated agents” with a unique ability to...