Corporate Governance And Performance: An Analysis Of Pakistani Listed Firms

§ University Malaysia Sarawak, Malaysia

Send Message

To: Author

Corporate Governance And Performance: An Analysis Of Pakistani Listed Firms

Article Fingerprint

ReserarchID

MBR698F3

Corporate Governance And Performance: An Analysis Of Pakistani Listed Firms Banner

AI TAKEAWAY

Connecting with the Eternal Ground
  • English
  • Afrikaans
  • Albanian
  • Amharic
  • Arabic
  • Armenian
  • Azerbaijani
  • Basque
  • Belarusian
  • Bengali
  • Bosnian
  • Bulgarian
  • Catalan
  • Cebuano
  • Chichewa
  • Chinese (Simplified)
  • Chinese (Traditional)
  • Corsican
  • Croatian
  • Czech
  • Danish
  • Dutch
  • Esperanto
  • Estonian
  • Filipino
  • Finnish
  • French
  • Frisian
  • Galician
  • Georgian
  • German
  • Greek
  • Gujarati
  • Haitian Creole
  • Hausa
  • Hawaiian
  • Hebrew
  • Hindi
  • Hmong
  • Hungarian
  • Icelandic
  • Igbo
  • Indonesian
  • Irish
  • Italian
  • Japanese
  • Javanese
  • Kannada
  • Kazakh
  • Khmer
  • Korean
  • Kurdish (Kurmanji)
  • Kyrgyz
  • Lao
  • Latin
  • Latvian
  • Lithuanian
  • Luxembourgish
  • Macedonian
  • Malagasy
  • Malay
  • Malayalam
  • Maltese
  • Maori
  • Marathi
  • Mongolian
  • Myanmar (Burmese)
  • Nepali
  • Norwegian
  • Pashto
  • Persian
  • Polish
  • Portuguese
  • Punjabi
  • Romanian
  • Russian
  • Samoan
  • Scots Gaelic
  • Serbian
  • Sesotho
  • Shona
  • Sindhi
  • Sinhala
  • Slovak
  • Slovenian
  • Somali
  • Spanish
  • Sundanese
  • Swahili
  • Swedish
  • Tajik
  • Tamil
  • Telugu
  • Thai
  • Turkish
  • Ukrainian
  • Urdu
  • Uzbek
  • Vietnamese
  • Welsh
  • Xhosa
  • Yiddish
  • Yoruba
  • Zulu
Font Type
Font Size
Font Size
Bedground

Abstract

This study aims to examine the impact of corporate governance on family and nonfamily controlled companies’ performance in Pakistan. The sample size of this study is 792 companies listed on Karachi Stock Exchange from 2003 to 2008. The findings reveal that corporate governance structure influences the family and non-family controlled companies’ performance. However all corporate governance mechanisms are not significant. The significant variables differ between family and non-family controlled companies. Thus, regulators need to be vigilant that family and non-family controlled companies practice differently and to set different codes for each type of companies.

References

64 Cites in Article
  1. N Amran,A Ahmad (2009). Family Business, Board Dynamics and Firm Value: Evidence from Malaysia.
  2. Ronald Anderson,M David,Reeb (2003). Founding Family Ownership and Firm Performance.
  3. B Baltagi (2001). Econometric analysis of panel data.
  4. S Bates (2003). Firms struggle to attract qualified directors.
  5. B Baysinger,H Butler (1985). Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition.
  6. G Berube (2005). Well-schooled in governance.
  7. J Brickley,C James (1987). Takeover market, corporate board composition and ownership structure: The case of banking.
  8. J Castillo,M (2006). An exploration of firm performance factors in family business: Do family value only the "bottom line.
  9. R Chaganti,V Mahajan,S Sharma (1985). Corporate Board Size, Composition and Corporate Failures in Retailing Industry.
  10. Z Chen,Y Cheung,A Stouraitis,A Wong (2005). Ownership concentration, firm performance and dividend policy.
  11. Trevor Chin,Ed Vos,Quin Casey (2004). Levels of ownership structure, board composition and board size seem unimportant in New Zealand.
  12. Guido Corbetta,Carlo Salvato (2004). The Board of Directors in Family Firms: One Size Fits All?.
  13. Stanley Cromie,Ben Stephenson,David Monteith (1995). The Management of Family Firms: An Empirical Investigation.
  14. C Daily,M Dollinger (1992). An empirical examination of ownership structure in family and professionally managed firms.
  15. J Davis,F Schoorman,L Donaldson (1997). Unknown Title.
  16. A Demb,F Neubauer (1992). The corporate board: Confronting the paradoxes.
  17. Harold Demsetz,Kenneth Lehn (1985). The Structure of Corporate Ownership: Causes and Consequences.
  18. L Donaldson,J Davis (1991). Stewardship theory or agency theory: CEO governance and shareholder returns.
  19. Paul Dunne,Alan Hughes (1994). Age, Size, Growth and Survival: UK Companies in the 1980s.
  20. David Evans (1987). The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries.
  21. E Fama,M Jensen (1983). Separation of ownership and control.
  22. R Felton,M Watson (2002). Change across the board.
  23. S Finkelstein,R D'aveni (1994). CEO duality as a double-edged sword: How boards of directors balance entrenchment avoidance and unity of command.
  24. Jerry Goodstein,Kanak Gautam,Warren Boeker (1994). The effects of board size and diversity on strategic change.
  25. Carmen Górriz,Vicente Fumás (1996). Ownership structure and firm performance: Some empirical evidence from Spain.
  26. D Gujarati (2003). Basic econometrics.
  27. K Hartvigsen (2007). Shaped by Revival.
  28. J Hendry (2002). The principal's other problems: Honest incompetence and the specification of objectives.
  29. C Himmelberg,R Hubbard,D Palia (1999). Understanding the determinants of managerial ownership and the link between ownership and performance.
  30. B Jain,O Kini (1994). The post-issue operating performance of IPO firms.
  31. M Jensen,W Meckling (1976). Theory of the business: Managerial behavior, agency costs and ownership structure.
  32. B Johannisson,M Huse (2000). Recruiting outside board members in the small family business: An ideological challenge.
  33. Steven Kaplan (1989). The effects of management buyouts on operating performance and value.
  34. Kenneth Kim,Pattanaporn Kitsabunnarat,John Nofsinger (2004). Ownership and operating performance in an emerging market: evidence from Thai IPO firms.
  35. P Klein,D Shapiro,J Young (2005). Corporate governance, family ownership and firm value: The Canadian evidence.
  36. Beni Lauterbach,Alexander Vaninsky (1999). Ownership Structure and Firm Performance: Evidence from Israel.
  37. (2002). Securities and Exchange Commission of Pakistan (SECP).
  38. P Marsh (1982). The choice between equity and debt: An empirical study.
  39. J Martinez,B Stohr,B Quiroga (2007). Family ownership and firm performance: Evidence from public companies in Chile.
  40. B Maury (2006). Family Ownership and Firm Performance: Empirical Evidence from Western Europe Corporations.
  41. D Mcconaughy,M Walker,G Henderson,C Mishra (1998). Founding family controlled firms: Efficiency and value.
  42. Daniel Mcconaughy,Charles Matthews,Anne Fialko (2001). Founding Family Controlled Firms: Performance, Risk, and Value.
  43. D Miller,I Breton-Miller (2006). Family governance and firm performance: Agency, stewardship and capabilities.
  44. Rick Molz (1988). Managerial domination of boards of directors and financial performance.
  45. M Moore (2002). Advance Praise for The Art of Director Excellence, Volume 1: Governance – Stories from Experienced Corporate Directors.
  46. R Morck,B Yeung (2003). Agency problems in large family business groups.
  47. S Myers,N Majluf (1984). Corporate financing and investment decisions when firms have information those investors do not have.
  48. R Newell,G Wilson (2002). A premium for good governance.
  49. J Pearce,S Zahra (1992). Board composition from a strategic contingency perspective.
  50. T Sebora,M Wakefield (1998). Antecedents of conflict or business issues in family firms.
  51. Andrei Shleifer,Robert Vishny (1997). A Survey of Corporate Governance.
  52. C Sundaramurthy,M Lewis (2003). Control and collaboration: Paradoxes of governance.
  53. The Economist (2006). Turning boomers into boomerangs.
  54. S Teoh,T Wong,G Rao (1998). Are accruals during initial public offering opportunistic?.
  55. R Tricker (1984). corporate governance: Practices, procedures and power in British companies and their board of directors.
  56. D Trow (1961). Executive succession in small companies.
  57. Belen Villalonga,Raphael Amit (2006). How do family ownership, control and management affect firm value?.
  58. Belen Villalonga,Raphael Amit (2006). How do family ownership, control and management affect firm value?.
  59. J Ward (1991). Creating effective boards for private enterprises.
  60. John Ward,James Handy (1988). A Survey of Board Practices.
  61. M Weisbach (1988). Outside directors and CEO turnover.
  62. Emma Welch (2003). The Relationship Between Ownership Structure and Performance in Listed Australian Companies.
  63. Qaiser Yasser,Rafique (2011). Corporate Governance and Performance (A Case Study for Pakistani Communication Sector).
  64. S Zahra (2005). Entrepreneurial risk taking in family firm.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Qaiser Rafique Yasser. 1970. "Corporate Governance And Performance: An Analysis Of Pakistani Listed Firms". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 11 (GJMBR Volume 11 Issue B10).

Download Citation

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-B Classification FOR Code: 150303
JEL Code G34
G31
L21
L22
L25
Version of record

v1.2

Language
English
Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

Article Matrices
Total Views: 6.7K
Total Downloads: 514
All Trends

Request Access

Please fill out the form below to request access to this research paper. Your request will be reviewed by the editorial or author team.
X

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

High-quality academic research articles on global topics and journals.

Corporate Governance And Performance: An Analysis Of Pakistani Listed Firms

Dr. Yasser
Dr. Yasser University Malaysia Sarawak, Malaysia