The purpose of this research study is to determine the influence of the different organizational life cycle stages in modeling the quality of corporate governance. The study employs data of 46 companies listed with the KSE 100 index and uses a governance prediction model to determine the nexus between the organizational life cycle and the quality of corporate governance. The longitudinal data on corporate governance may help to identify the changes within a firm over time. However, of this time series data has compelled us to use the variations in corporate governance between-firms at distinct life-cycle stages. The study finds that mature firms as being high in resources are better governed overall. Transparency, responsibility, and accountability are higher in growth firms, whereas discipline and independence improve as firms mature. The results of the study recommend that governance functions such as monitoring/control and resource/strategy are significant and relatable at different life-cycle stages.
Effective use of public resources is crucial for developing countries facing persistent deficits. Fiscal decentralisation is believed to enhance government efficiency over resource use. Therefore, the paper intends to examine the association between Pakistan’s Fiscal Decentralisation (FD) and Fiscal Management from 1988 to 2020. The authors develop a Composite Decentralisation Index (CDI) that captures the effect of both Expenditure Decentralisation (ED) and Revenue Decentralisation (RD) processes. After confirmation of stationarity through augmented Dickey-Fuller (ADF) and Philip-Peran (PP) unit roots tests, the study employs the Johansen cointegration method to draw longrun estimates. The study’s findings reveal that composite decentralisation reduces public deficit significantly - lower corruption, weaker underground economy, and smaller government size help reduce the fiscal deficit. The Error Correction Term (ECM) is also negative and significant at 1%, which confirms the speed of convergence towards longrun equilibrium in case of any shock or dis equilibrium in the short run. These study findings may help policymakers and legislatures draft effective long-term fiscal management policies.
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