ARTICLE

ASPECT OF THE CORPORATE GOVERNANCE THAT MATTER IN A FIRMS VALUE EVIDENCE FROM NON FINANCIAL FIRMS IN PAKISTAN

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27 Pages : 214-220

http://dx.doi.org/10.31703/gssr.2019(IV-III).27      10.31703/gssr.2019(IV-III).27      Published : Sep 2019

Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan

Abstract

    Corporate governance (CG) is key to enhance firm’s value. The purpose of this research is to examine effects of various aspects of corporate governance on firm’s value. We used secondary penal data of 100 companies on Pakistan Stock Exchange for the period: 2010 – 2016. Findings revealed that among other aspects of CG, managerial ownership and board size have significant influence on the value of a firm. Among controlled variables, firm size and firm ages were also found significant in firm’s value. We are convinced that findings of this study would help addressing agency issues through effective corporate governance measures. This study has come up with some practical implications as well. It is suggested that for better firm performance and increasing efficiency the board size may be kept at minimum.

    (1) Sammar Abbas
    Assistant professor,Institute of Business Studies, Kohat University of Science & Technology, KP, Pakistan.
    (2) Zeeshan Zaib Khattak
    Assistant professor,Institute of Business Studies, Kohat University of Science & Technology, KP, Pakistan.
    (3) Hafeez Ullah
    Assistant Professor,Institute of Business Studies, Kohat University of Science & Technology, KP, Pakistan.
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Cite this article

APA

    APA : Abbas, S., Khattak, Z. Z., & Ullah, H. (2019). Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan. Global Social Sciences Review, IV(III), 214-220. https://doi.org/10.31703/gssr.2019(IV-III).27

CHICAGO

    CHICAGO : Abbas, Sammar, Zeeshan Zaib Khattak, and Hafeez Ullah. 2019. "Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan." Global Social Sciences Review, IV (III): 214-220 doi: 10.31703/gssr.2019(IV-III).27

HARVARD

    HARVARD : ABBAS, S., KHATTAK, Z. Z. & ULLAH, H. 2019. Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan. Global Social Sciences Review, IV, 214-220.

MHRA

    MHRA : Abbas, Sammar, Zeeshan Zaib Khattak, and Hafeez Ullah. 2019. "Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan." Global Social Sciences Review, IV: 214-220

MLA

    MLA : Abbas, Sammar, Zeeshan Zaib Khattak, and Hafeez Ullah. "Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan." Global Social Sciences Review, IV.III (2019): 214-220 Print.

OXFORD

    OXFORD : Abbas, Sammar, Khattak, Zeeshan Zaib, and Ullah, Hafeez (2019), "Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan", Global Social Sciences Review, IV (III), 214-220

TURABIAN

    TURABIAN : Abbas, Sammar, Zeeshan Zaib Khattak, and Hafeez Ullah. "Aspect[s] of the Corporate Governance that Matter in a Firm's Value: Evidence from Non-Financial Firms in Pakistan." Global Social Sciences Review IV, no. III (2019): 214-220. https://doi.org/10.31703/gssr.2019(IV-III).27