Corporate governance and firm performance in Pakistan: The case of Karachi Stock Exchange (KSE)-30

Qaiser Rafique, Yasser and Harry, Entebang and Shazali, Abu Mansor (2011) Corporate governance and firm performance in Pakistan: The case of Karachi Stock Exchange (KSE)-30. Journal of Economics and International Finance, 3 (8). pp. 482-491. ISSN 2006-9812

[img] PDF
Corporate.pdf

Download (30kB)
Official URL: http://www.academicjournals.org/JEIF

Abstract

This paper examine the relationship between four important corporate governance mechanisms (board size, board composition, CEO/chairman duality and audit committee) and two firm performance measures (return on equity, ROE, and profit margin, PM), for a sample of 30 Pakistani listed firms between 2008 and 2009. The results provide evidence of a positive significant relationship between ROE and PM and three corporate governance mechanisms (board size, board composition and audit committee). The implication of this is that, the board size should be limited to a sizeable limit and board must be a right mixture of executive and non-executive directors. The study, however, could not provide a significant relationship between the two performance measures (ROE and PM) and CEO/Chairman duality. These results are consistent with prior empirical studies.

Item Type: Article
Uncontrolled Keywords: Corporate governance, firm performance, Pakistan, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Ab Rahim
Date Deposited: 10 Oct 2017 03:40
Last Modified: 24 May 2021 07:03
URI: http://ir.unimas.my/id/eprint/17970

Actions (For repository members only: login required)

View Item View Item