SEARCH ARTICLE

13 Pages : 207-236

http://dx.doi.org/10.31703/gssr.2018(III-III).13      10.31703/gssr.2018(III-III).13      Published : Sep 2018

Value Boosters or Dampers? Insights Of Corporate Governance Practices From Pakistan

    Rampant corporate failures have placed corporate governance in the limelight again however not all governance practices help firms in enhancing value. This empirical research examines impact of corporate governance practices on shareholders' value represented by earning per share of 243 listed firms on Pakistani Bourse. It ensued in the conclusion that overall corporate governance tends to have significant impact on earnings per share and reveals dichotomy of corporate governance practices based on direction of their association with share holders' value and terms them as value boosters and value dampers. It has also been found that pro-entrenchment practices tend to lower earnings per share in the listed firms either due to complacency or vested interests while rest of the practices help in enhancing value earned on each share thus endorsing the theoretical perspectives emanating out of agency and shareholder activism theories. This study emphasizes the significance of Board Attendance, Board Independence, Non-duality of CEOChairman Role for listed firms' value. It also shows that entrenchment acts like larger boards, directors' ownership, large block holders and disclosure of such ownership can adversely impact the firms' value and thus play a significant role in scaring away the potential investors who primarily look at earnings per share for buying of stocks of a particular company. It entails policy implications that implementation of counter-entrenchment regulations needs strengthening as the existing seem to have cosmetic effect. Identification and implementation of good governance practices can be best ensured when propagated in the perspective of value enhancement.

    Agency Theory, Corporate Governance, Earning per Share, Entrenchment, Shareholder Activism.
    (1) Abida Razzaq
    Ph.D Scholar, Department of Leadership & Management Studies, National Defence University, Islamabad, Pakistan.
    (2) Ghulam Shabbir Khan Niazi
    Professor, Lahore Business School, University of Lahore, Islamabad Campus, Pakistan.

36 Pages : 396-409

http://dx.doi.org/10.31703/gssr.2023(VIII-I).36      10.31703/gssr.2023(VIII-I).36      Published : Mar 2023

Pashtun Tahafuz Movement: An Analysis of Twitter Usage During a Protest Movement

    This study aims to examine how the ethnic-based Pashtun Tahafuz Movement (PTM) uses collective action frames on Twitter to define problems, assign blame, convey a plan of action, and inspire participation. Social movement framing theory was the guiding theory of the study. The study employed quantitative content analysis. The analysis of tweets revealed that Pashtun Tahafuz Movement was clear about the issues of the Pashtun community and who was responsible for those issues. However, they have few solutions and remedies to offer that could mitigate those problems. As for motivational framing, the study found Twitter to be a campaigning and information-sharing platform for PTM’s public demonstrations. This study contributes to the social movement literature by highlighting how social media, specifically Twitter, can empower and improve the visibility of the previously excluded community disregarded by the established institutes i.e., legacy media and social institutions.

    Social movements, activism, social media, Twitter, mobilization
    (1) Zeeshan Hameed
    Lecturer, Department of Media and Communication Studies, National University of Modern Languages (NUML), Islamabad, Pakistan.
    (2) Ghulam Maaz Jan
    Lecturer, Media Studies Department, Bahria University, Islamabad, Pakistan.
    (3) Waheed Hussain
    Senior Assistant Professor, Media Studies Department, Bahria University, Islamabad, Pakistan.

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