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In this paper we explore the role of the static, selection and dynamic corporate governance changes on performance of commercial banks. We use stochastic cost frontier and panel data methods for an unbalanced panel data of Pakistani banks from 1991 to 2005. We find overall bank cost inefficiency...
Persistent link: https://www.econbiz.de/10009363274
Our paper examines the origins, growth, and the development of accounting practices and disclosures in Pakistan and the … as national standards in 1985 did not lead to improvement in the quality of financial reporting. Pakistan, though … enforcement mechanisms are more critical factors than are cultural factors in explaining the state of accounting in Pakistan. We …
Persistent link: https://www.econbiz.de/10009363993
La Porta et al. (1998) assign Pakistan, a common-law country, the maximum score of 5 for their anti-director rights … index. Pakistan should therefore be a country with good investor protection attracting large amounts of investments. However …, the reality could not be more different. Pakistan has been lagging behind other, comparable Asian economies in terms of …
Persistent link: https://www.econbiz.de/10009365050
paper reviews and evaluates the regulation of mutual funds in Pakistan in the light of the above propositions. The Role of … Mutual Funds and Non-Banking Financial Companies in Corporate Governance in Pakistan. …
Persistent link: https://www.econbiz.de/10009365423
in Pakistan. However, not all elements of governance are important. The board composition and ownership and shareholdings …
Persistent link: https://www.econbiz.de/10009363281
in Pakistan and a comparison of similar developments in two other regional economies, namely, India and Bangladesh. In …
Persistent link: https://www.econbiz.de/10009363283
This study examines business groups and their impact on corporate governance in Pakistan. We use non-financial firms … listed on the Karachi Stock Exchange of Pakistan for 1998-2002 periods in order to select group and non-group samples. Our … comparative financial performance results suggest that business groups in Pakistan are efficient economic arrangements that …
Persistent link: https://www.econbiz.de/10009363288
In this study the relationship between corporate governance and corporate valuation, ownership structure and need of external financing for the Karachi Stock Market is examined for the period 2003 to 2008. To measure the firm- level governance a rating system is used to evaluate the stringency...
Persistent link: https://www.econbiz.de/10009363300
) framework and its enforcement and application in Pakistan in order to understand the dynamics of public decisionmaking and …
Persistent link: https://www.econbiz.de/10009363322
We examine self-enforcing honesty in firm-investor relations in an imperfect public information game. Minimum firm size requirements and moral hazard limit ability to raise outside capital, yielding a floor on personal wealth required to enter entrepreneurship. Credible auditing could create...
Persistent link: https://www.econbiz.de/10009363764