Search or add a thesis

Advanced Search (Beta)
Home > Corporate Governance, Firm Value and Financial Performance: An Empirical Study on Manufacturing Companies Listed on Pakistan Stock Exchange

Corporate Governance, Firm Value and Financial Performance: An Empirical Study on Manufacturing Companies Listed on Pakistan Stock Exchange

Thesis Info

Access Option

External Link

Author

Aiman Faridi

Institute

Virtual University of Pakistan

Institute Type

Public

City

Lahore

Province

Punjab

Country

Pakistan

Thesis Completing Year

2018

Thesis Completion Status

Completed

Subject

Software Engineering

Language

English

Link

http://vspace.vu.edu.pk/detail.aspx?id=165

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676720983468

Similar


This study aimed to contribute to the existing literature in the field by determining a combined influence of corporate governance measures on both financial performance and firm value in the context of Pakistan. The proxies used for corporate governance measures (independent variables) were as follows: presence of executive, non-executive and independent directors; board size; presence of audit committee and presence of human resource and remuneration committee. On the other hand, the proxies for firm performance and firm value (dependent variables) were as follows respectively: ROA, ROE, MVA and EVA. A sample of 125 manufacturing firms listed on Pakistan Stock Exchange (PSX) was selected based on their market capitalization and availability of data. Data was obtained for the period 2011-2017 from audited financial reports of selected firms published on PSX and relevant companies? websites. Multiple regression analysis was performed to obtain the results. The regression results revealed that the EPS is positively related with governance measures whereas ROE is positively related with all other governance measures except audit committee and board size. This study supports the fact that EVA can be a dependable measure in terms of value maximization goal. Firms can escalate this figure by employing the CCG mechanism.Moreover, this study developed a strong association among the CCG variables and MVA as per the findings.
Loading...

Similar Thesis

Showing 1 to 20 of 100 entries
TitleAuthorSupervisorDegreeInstitute
Virtual University of Pakistan, Lahore, Pakistan
RMS
COMSATS University Islamabad, Islamabad, Pakistan
MS
Riphah International University, Islamabad, Pakistan
MS
Riphah International University, Islamabad, Pakistan
MS
Capital University of Science & Technology, Islamabad, Pakistan
PhD
Government College University, Faisalabad, Pakistan
PMS
COMSATS University Islamabad, Islamabad, Pakistan
PhD
International Islamic University , Islamabad, Pakistan
BS
International Islamic University, Islamabad, Pakistan
MBA
International Islamic University, Islamabad, Pakistan
Mphil
National University of Modern Languages, Islamabad, Pakistan
MS
International Islamic University, Islamabad, Pakistan
MBA
International Islamic University, Islamabad, Pakistan
Mphil
National University of Modern Languages, Islamabad, Pakistan
MS
International Islamic University, Islamabad, Pakistan
MS
International Islamic University, Islamabad, Pakistan
PhD
COMSATS University Islamabad, Islamabad, Pakistan
MS
International Islamic University, Islamabad, Pakistan
MS
Riphah International University, Lahore, Pakistan
MBA
International Islamic University, Islamabad, Pakistan
TitleAuthorSupervisorDegreeInstitute
Showing 1 to 20 of 100 entries

Similar Books

Loading...

Similar Chapters

Loading...

Similar News

Loading...

Similar Articles

Loading...

Similar Article Headings

Loading...

مولانا محمد سلیم کیرانوی

مولانا محمد سلیم کیرانوی مرحوم
مولانا محمد سلیم صاحب سے میری پہلی ملاقات بارشاید قرول باغ دہلی میں ہوئی، اس زمانہ میں انھوں نے وہاں مدرسہ صولتیہ کے تعارف اور اس کی امداد و اعانت کی غرض سے دفتر قائم کیا تھا اور ایک ماہوار رسالہ نکالتے تھے، جامعہ ملیہ بھی اس زمانہ میں قرول باغ ہی میں تھی، اس کی وجہ سے میرا وہاں آنا جانا ہوتا رہتا تھا، خیال آتاہے کہ دو ایک بار لکھنؤ میں بھی ڈاکٹر عبدالعلی صاحب مرحوم ناظم ندوۃ العلماء کے یہاں انھیں دیکھا تھا، یہ ملاقاتیں سرسری تھیں، گفتگو بھی زیادہ تر رسمی ہوئی، مگر مولانا رحمۃ اﷲ کیرانوی سے نسبت اور مدرسہ صولتیہ کے تعلق کی بنا پر دل میں انکی غیر معمولی عزت تھی۔
مولانا رحمۃ اﷲ علیہ الرحمۃ کا مسلمانان ہند پر بڑا احسان ہے، ہندوستان میں انگریزوں کے تسلط کے بعد سارا ملک عیسائیت کے نرغے میں آگیا تھا، مشنری اس زور تور و قوت کے ساتھ میدان میں نکل آئے تھے کہ خیال ہوتا تھا کہ کچھ ہی عرصہ میں پورا ملک عیسائی ہوجائے گا، مسلمان خاص طور سے زد میں تھے، اس زمانہ میں انگریزوں کا جو رعب اور دبدبہ تھا اس کے سامنے بڑے بڑوں کے پتے پانی ہوتے تھے، ایسی دہشت انگیز فضا میں مولانا رحمۃ اﷲ علیہ الرحمۃ نے جان پر کھیل کر مقابلہ کی ہمت کی، اس زمانہ میں پادری فنڈر کا بڑا غلغلہ تھا، وہ بڑا زور آور مناظر سمجھا جاتا تھا، حکومت کی پشت پناہی نے اسے بہت بیباک بنادیا تھا، مولانا رحمۃ اﷲ نے اسے دعوت مبارزت دی، بالآخر ۱۲۷۰؁ھ میں آگرہ میں بہت بڑے پیمانہ پر مجلس مناظرہ منعقد ہوئی، اس موقع پر مولانا کے ساتھ ڈاکٹر محمد وزیر بھی تھے تاکہ حسب ضرورت انگریزی میں مولانا کی ترجمانی کرسکیں۔
مولانا نے بائبل کی تحریف اور...

حضرت مولانا سید عبد الاحد آغا ’’ الدلیلی‘‘ کے خدمات و تعلیمات

Human service professionals and those who educate them to promote and encourage the unique values and characteristics of human services. In so doing, human service professionals uphold the integrity and ethics of the profession. The fundamental values of the human services profession include respecting the dignity and welfare of all people; promoting self-determination; honoring cultural diversity; advocating for social justice; and acting with integrity, honesty, genuineness and objectivity. Human service professionals consider these standards in ethical and professional decision making. Ethical-decision making processes should be employed to assure careful choices. The ethical standards are organized in sections around those persons to whom ethical practice should be applied. In this paper will discuss about the Services and Teachings of Molana syed Abdul Ahad Agha.

Comparative Study of Treated and Untreated Wastewater on Morpho-Anatomical, Chemical and Essential Oil Contents of Fragrant Rosa Species in Peri-Urban Area

The work was carried out to assess the effects of treated and untreated wastewater on morpho-anatomical, physio-chemical and essential oil contents of four widely cultivated fragrant Rosa species of Pakistan during 2012 and 2013 in peri-urban area. Water analysis showed that all minerals and chemicals were in permissible level in canal water and treated wastewater whereas, untreated water contained higher EC, BOD, COD and heavy metals like Cd, Co, Cu, Pb. Morphological studies showed that treated wastewater has a pronounced effect on floral attributes of Rosa species. Rosa Gruss-an-Teplitz produced the maximum number of flowers per plant, increased bud and flower diameter, number of petals per flower and took minimum days to produce flowers. Whereas, plant height and number of leaves per branch was high in R. bourboniana and leaf area was found maximum in R. damascena. Anatomical study showed that R. Gruss-an-Teplitz showed remarkable variations in root anatomical characteristics under treated wastewater. A significant variation was recorded in R. Gruss-an-Teplitz in terms of large cortical cell area, large vascular bundle area, large xylem and phloem area, large pith area and large cross sectional area while thick epidermis and large metaxylem area was recorded in R. bourboniana. Stem anatomical characteristics showed that large cortical cell area was recorded in R. damascena under untreated wastewater treatment and R. Gruss-an-Teplitz showed thick epidermis and large xylem area in untreated and treated wastewater respectively whereas R. bourboniana showed large pith area in treated wastewater. Rosa Gruss-an-Teplitz showed significant variations in leaf characteristics under treated and untreated wastewater treatment such as, large cortical cell area, vascular bundle area, large spongy cell area and thicker midrib whereas a remarkable increase in epidermal thickness was recorded in R. centifolia. Large palisade cell area, large phloem area and thick leaves (lamina) were found in R. damascena in treated wastewater. Physiological attributes revealed that in treated wastewater, high photosynthetic rate, transpiration rate and chlorophyll content of R. bourboniana was recorded and stomatal conductance was high of R. Gruss-an-Teplitz. Minerals and other chemicals concentration of all plant parts were highest under untreated wastewater. Higher nitrogen contents were found in roots of R. bourboniana; R. centifolia’s roots contained maximum Ca, Na, Zn, Cu, Cr, Ni and Co concentration while roots of R. damascena retained maximum K and Pb level whereas, P and Fe contents were highest in roots of R. Gruss-an-Teplitz. In stems, N, K and xv Fe contents were higher in R. Gruss-an-Teplitz, Na level was maximum in R. bourboniana. P, Ca, Cu and Cr contents were highest in R. centifolia whereas, Zn, Pb, Cr, Ni and Co contents were high in stems of R. damascena. In leaves, N and Na level was high in R. bourboniana while P, Ca, Fe, Zn and Ni contents were highest in R. Gruss-an-Teplitz. K and Pb level was high in leaves of R. damascena whereas Cu, Cr and Co contents were high in R. centifolia. In flowers, R. bourboniana contained high concentration of N and Na while P, Cu and Co contents were high in R. centifolia. Calcium and Zn level was at the top in leaves of R. Gruss-an-Teplitz whereas K, Fe, Pb, Cr and Ni contents were high in flowers R. damascena. Lead was the only chemical whose concentration was high in flowers of R. centifolia and R. damascena under untreated wastewater than the maximum recommended values set by WHO while other minerals and chemical levels were in permissible limit. Out of 12 essential oil components found in this study, citronellol which is the principal constituent for fragrance was highest in essential oil of R. damascena under untreated wastewater while its percentage was lowest in R. Gruss-an-Teplitz. Phenyl ethyl alcohol was main component of essential oil and its percentage was highest in R. Gruss-an-Teplitz under treated wastewater and minimum level was found in R. damascena. The other components of essential oil of all Rosa species were found in traces under all irrigation water treatments. Although statistically no significant effect of irrigation water treatments on oil components was observed however, there was quantitative difference in chemical composition and aroma constituents of essential oil of all fragrant Rosa species. From the results of present studies, it can be concluded that R. Gruss-an-Teplitz showed high degree of tolerance against contaminated water and is strongly recommended to cultivate in peri-urban areas. Moreover, treated wastewater can serves as an alternative source of canal water after management of toxic elements to save water and environment.