Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan

This study examines the role of voluntary adoption of corporate governance mechanisms in mitigating the financial distress status of firms. Using the sample of 52 firms from non-financial sector listed at Karachi Stock Exchange and selecting time period of 10 years from 2006 to 2015, the study finds...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Rabia luqman, Masood Ul hassan, Shanza Tabasum, Maria Shams Khakwani, Sadia Irshad
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2018
Materias:	corporate governance financial distress non-financial firms Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/1f49774c4a2446e5bf261ae8f276d915
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:1f49774c4a2446e5bf261ae8f276d915
record_format	dspace
spelling	oai:doaj.org-article:1f49774c4a2446e5bf261ae8f276d9152021-12-02T14:35:48ZProbability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan2331-197510.1080/23311975.2018.1492869https://doaj.org/article/1f49774c4a2446e5bf261ae8f276d9152018-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2018.1492869https://doaj.org/toc/2331-1975This study examines the role of voluntary adoption of corporate governance mechanisms in mitigating the financial distress status of firms. Using the sample of 52 firms from non-financial sector listed at Karachi Stock Exchange and selecting time period of 10 years from 2006 to 2015, the study finds out the practices that are beneficial for firms and helps them in reducing the financial distress. Results of the study show that there is a negative significant relationship of blockholder ownership, director ownership and audit committee with the probability to financial distress. The causal relationship is also tested, and results show that voluntary adoption of corporate governance structures leads towards lower level of financial distress.Rabia luqmanMasood Ul hassanShanza TabasumMaria Shams KhakwaniSadia IrshadTaylor & Francis Grouparticlecorporate governancefinancial distressnon-financial firmsBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 5, Iss 1 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate governance financial distress non-financial firms Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate governance financial distress non-financial firms Business HF5001-6182 Management. Industrial management HD28-70 Rabia luqman Masood Ul hassan Shanza Tabasum Maria Shams Khakwani Sadia Irshad Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
description	This study examines the role of voluntary adoption of corporate governance mechanisms in mitigating the financial distress status of firms. Using the sample of 52 firms from non-financial sector listed at Karachi Stock Exchange and selecting time period of 10 years from 2006 to 2015, the study finds out the practices that are beneficial for firms and helps them in reducing the financial distress. Results of the study show that there is a negative significant relationship of blockholder ownership, director ownership and audit committee with the probability to financial distress. The causal relationship is also tested, and results show that voluntary adoption of corporate governance structures leads towards lower level of financial distress.
format	article
author	Rabia luqman Masood Ul hassan Shanza Tabasum Maria Shams Khakwani Sadia Irshad
author_facet	Rabia luqman Masood Ul hassan Shanza Tabasum Maria Shams Khakwani Sadia Irshad
author_sort	Rabia luqman
title	Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
title_short	Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
title_full	Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
title_fullStr	Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
title_full_unstemmed	Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan
title_sort	probability of financial distress and proposed adoption of corporate governance structures: evidence from pakistan
publisher	Taylor & Francis Group
publishDate	2018
url	https://doaj.org/article/1f49774c4a2446e5bf261ae8f276d915
work_keys_str_mv	AT rabialuqman probabilityoffinancialdistressandproposedadoptionofcorporategovernancestructuresevidencefrompakistan AT masoodulhassan probabilityoffinancialdistressandproposedadoptionofcorporategovernancestructuresevidencefrompakistan AT shanzatabasum probabilityoffinancialdistressandproposedadoptionofcorporategovernancestructuresevidencefrompakistan AT mariashamskhakwani probabilityoffinancialdistressandproposedadoptionofcorporategovernancestructuresevidencefrompakistan AT sadiairshad probabilityoffinancialdistressandproposedadoptionofcorporategovernancestructuresevidencefrompakistan
_version_	1718391058470010880

Probability of financial distress and proposed adoption of corporate governance structures: Evidence from Pakistan

Ejemplares similares