Objective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan.
Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017.
Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing.
Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms.
Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan.
Purpose- The main aim of this study is to determine the role of ownership concentration and dividend policy on the firm performance of chemical sector firms of Pakistan.
Design/Methodology- This research used the secondary data collected from the annual reports of the companies listed at the Karachi Stock Exchange (KSE). However, inclusion criteria are the 26 listed firms from 2012 to 2017, giving a total of 156 observations. This study used the Generalized Least Squares Model.
Findings- The findings reveal that ownership concentration has a significant positive association with firm financial performance. This stated that larger shareholders could attribute to the alignment of managerial incentives with shareholder interests. They also monitor the team very effectively and efficiently. The dividend policy has a significant positive relationship with ROA. Leverage and tangibility have a significant negative relationship with firm performance.
Practical Implications- These results potentially can be relevant for policymakers and academic research as well as also helpful for managers and policymakers.
The main aim of the current study is to examine the relationship of ownership and board characteristics with firm performance of Pakistan non‐financial firms. This study employed panel data and collected from the annual reports of Pakistan for the period of 2010–2017 and used the regression model. The findings of this study state that the managerial ownership and foreign ownership have a significant positive impact on firm performance measured by market share. Duality has a significant negative and board independent is negative but not significant impact. Board size also has a significant positive relationship with firm performance. The good corporate governance is important which reduce the agency conflicts and enhance the stakeholder's interest. This study explores the link of ownership and board characteristics with firm performance examined by market share. The findings of this study will be helpful to the stakeholders, policymakers, government and practitioners.
Current study examined influence of corporate social responsibility disclosure (CSRD) and financial performance of the firm. It highlights the effect of gender diversity as a moderator on the relationship of corporate social responsibility disclosure and financial performance. This study has used 100 non-financials companies’ data for ten years from 2011-2019. Panel data is collected from annual reports and websites of companies. Using regression analysis, scholar pragmatically analyzed the interrelationship of corporate social responsibility disclosure and financial performance along with moderating role of board gender diversity. The regression results stated that CSRD has positive impact. Gender diversity has negative moderating impact. Also, firm size, board size, and industry effect have a significant positive and independence has positive but insignificant impact on firm performance. While leverage has negatively impact on corporate financial performance. The paper focuses on relationship of financial performance and corporate social responsibility disclosure of firms with the inclusion of board gender diversity.
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