Published May 25, 2020 | Version v1
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GOVERNANCE AND FIRM PERFORMANCE: AN EXPOSITORY ANALYSIS OF LISTED FIRMS AT PAKISTAN STOCK EXCHANGE

Creators

  • 1. University of Agriculture Faisalabad
  • 2. University of Faisalabad

Description

This paper primarily focuses upon the adoptability of set of governance mechanisms evolved by the Securities and Exchange Commission of Pakistan (SECP) by the listed firms at Pakistan Stock Exchange (PSX). Purposefully, one of the heavily contributing industries of Pakistan, textile spinning industry has been targeted. Empirical estimation underwent the data of listed firms at PSX for the period of 2010-2018. Sources of the data were annually audited financial statements published by firms, Balance Sheet Analysis (BSA) and Financial Statement Analysis (FSA) published by the State Bank of Pakistan (SBP). Descriptive analytical reasoning along with panel data methodological adaptations including location and time fixed effects were conducted. Conclusions drawn upon the basis of estimation deduced that governance mechanisms carved by SECP, influenced the performances of listed firms positively and significantly.Keywords: Corporate Governance, Pakistan Stock Exchange, Performance, Textile Spinning FirmsJEL Classifications: G30, G34, L20, L25DOI: https://doi.org/10.32479/ijefi.9916

⚠️ This is an automatic machine translation with an accuracy of 90-95%

Translated Description (Arabic)

تركز هذه الورقة في المقام الأول على إمكانية اعتماد مجموعة من آليات الحوكمة التي طورتها لجنة الأوراق المالية والبورصات الباكستانية (SECP) من قبل الشركات المدرجة في البورصة الباكستانية (PSX). عن قصد، واحدة من الصناعات المساهمة بشكل كبير في باكستان، وقد تم استهداف صناعة الغزل والنسيج. خضع التقدير التجريبي لبيانات الشركات المدرجة في بورصة فلسطين للفترة 2010-2018. كانت مصادر البيانات عبارة عن بيانات مالية مدققة سنويًا تنشرها الشركات، وتحليل الميزانية العمومية (BSA) وتحليل البيانات المالية (FSA) الذي ينشره بنك الدولة الباكستاني (SBP). تم إجراء الاستدلال التحليلي الوصفي جنبًا إلى جنب مع التعديلات المنهجية لبيانات اللوحة بما في ذلك الموقع والتأثيرات الثابتة للوقت. الاستنتاجات المستخلصة على أساس التقدير استنتج أن آليات الحوكمة التي نحتت من قبل SECP، أثرت على أداء الشركات المدرجة بشكل إيجابي وكبير. الكلمات الرئيسية: حوكمة الشركات، بورصة باكستان، الأداء، تصنيفات شركات الغزل والنسيجJEL: G30، G34، L20، L25DOI: https://doi.org/10.32479/ijefi.9916

Translated Description (English)

This paper primarily focuses on the adoptability of set of governance mechanisms evolved by the Securities and Exchange Commission of Pakistan (SECP) by the listed firms at Pakistan Stock Exchange (PSX). Purposefully, one of the heavily contributing industries of Pakistan, textile spinning industry has been targeted. Empirical estimation underwent the data of listed firms at PSX for the period of 2010-2018. Sources of the data were annually audited financial statements published by firms, Balance Sheet Analysis (BSA) and Financial Statement Analysis (FSA) published by the State Bank of Pakistan (SBP). Descriptive analytical reasoning along with panel data methodological adaptations including location and time fixed effects were conducted. Conclusions drawn upon the basis of estimation deduced that governance mechanisms carved by SECP, influenced the performances of listed firms positively and significantly.Keywords: Corporate Governance, Pakistan Stock Exchange, Performance, Textile Spinning FirmsJEL Classifications: G30, G34, L20, L25DOI: https://doi.org/10.32479/ijefi.9916

Translated Description (French)

This paper primarily focuses upon the adoptability of set of governance mechanisms evolved by the Securities and Exchange Commission of Pakistan (SECP) by the listed firms at Pakistan Stock Exchange (PSX). Purposefully, one of the heavily contributing industries of Pakistan, textile spinning industry has been targeted. Estimation empirique sous réserve des données des entreprises répertoriées au PSX pour la période de 2010-2018. Sources des déclarations financières annuellement auditées publiées par les entreprises, Balance Sheet Analysis (BSA) et Financial Statement Analysis (FSA) publiées par la State Bank of Pakistan (SBP). Descriptive analytical reasoning along with panel data methodological adaptations including location and time fixed effects were conducted. Conclusions drawn upon the basis of estimation deduced that governance mechanisms carved by SECP, influenced the performances of listed firms positivvely and significantly.Keywords : Corporate Governance, Pakistan Stock Exchange, Performance, Textile Spinning FirmsJEL Classifications : G30, G34, L20, L25DOI : https://doi.org/10.32479/ijefi.9916

Translated Description (Spanish)

Este documento se centra principalmente en la adoptabilidad del conjunto de mecanismos de gobierno desarrollado por la Comisión de Bolsa y Valores de Pakistán (SECP) por las empresas listadas en la Bolsa de Valores de Pakistán (PSX). Purposefully, one of the heavily contributing industries of Pakistan, textile spinning industry has been targeted. La estimación empírica y los datos de las empresas enumeradas en PSX para el período de 2010-2018. Sources of the data were annually audited financial statements published by firms, Balance Sheet Analysis (BSA) and Financial Statement Analysis (FSA) published by the State Bank of Pakistan (SBP). Descriptive analytical reasoning along with panel data methodological adaptations including location and time fixed effects were conducted. Conclusions drawn upon the basis of estimation deduced that governance mechanisms carved by secp, influenced the performances of listed firms positively and significantly.Keywords: Corporate Governance, Pakistan Stock Exchange, Performance, Textile Spinning FirmsJEL Classifications: G30, G34, L20, L25DOI: https://doi.org/10.32479/ijefi.9916

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Additional details

Additional titles

Translated title (Arabic)
الحوكمة وأداء الشركات: تحليل التعرض للشركات المدرجة في البورصة الباكستانية
Translated title (English)
GOVERNANCE AND FIRM PERFORMANCE: AN EXPOSURE ANALYSIS OF LISTED FIRMS AT PAKISTAN STOCK EXCHANGE
Translated title (French)
GOVERNANCE AND FIRM PERFORMANCE : AN EXPOSITORY ANALYSIS OF LISTED FIRMS AT PAKISTAN STOCK EXCHANGE
Translated title (Spanish)
GOVERNANCE AND FIRM PERFORMANCE: AN EXPOSITORY ANALYSIS OF LISTED FIRMS AT PAKISTAN STOCK EXCHANGE

Identifiers

Other
https://openalex.org/W3033953659
DOI
10.32479/ijefi.9916

Is supplement to
https://openalex.org/W4296563266 (Other)
https://openalex.org/W4285379861 (Other)
https://openalex.org/W2504985113 (Other)
https://openalex.org/W2437262919 (Other)
https://openalex.org/W2322850402 (Other)
https://openalex.org/W2275845836 (Other)
https://openalex.org/W2175270820 (Other)
https://openalex.org/W2083674464 (Other)
https://openalex.org/W1488115753 (Other)
https://openalex.org/W1483035907 (Other)

GreSIS Basics Section

Is Global South Knowledge
Yes
Country
Pakistan

References

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