Corporate Governance and Performance of Peer Firms

Corporate Governance and Performance of Peer Firms
Author :
Publisher : GRIN Verlag
Total Pages : 131
Release :
ISBN-10 : 9783668664647
ISBN-13 : 3668664641
Rating : 4/5 (641 Downloads)

Book Synopsis Corporate Governance and Performance of Peer Firms by : Gul Rukh

Download or read book Corporate Governance and Performance of Peer Firms written by Gul Rukh and published by GRIN Verlag. This book was released on 2018-03-20 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2014 in the subject Business economics - General, grade: A, , language: English, abstract: In this study we elaborate the effects of corporate governance practices which recently practiced in Pakistani firms and also examine the relationship among corporate governance mechanisms, capital structure, dividend policy and firm performance. Those researchers who could not find significant link between corporate governance and firm performance suggest that good corporate governance has at least indirect effect on performance. This research attempts to prove that corporate governance effects firm performance directly; relatively it exerts its effects on firm performance through other factors such as capital structure decisions and dividend policy. This research study develops a multilevel model linking corporate governance, capital structure, dividend policy and firm performance then proves it through structural equation modeling (SEM). Corporate governance has been measured and conceptualized through Board Size, Board Composition, CEO Duality, Audit Committee Size and Annual General Meetings. Capital structure has been measured through it standardized proxy that is debt to equity ratio, while dividend policy is measured by dividend payout ratio. Firm performance has measured by two ratios return on assets (ROA) and return on equity (ROE) both are used as accounting and financial measure in the literature review.


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