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Effects of Corporate Governance and Capital Structure on Firms’ Performance: Evidence from Major Sectors of Pakistan
Indonesian Capital Market Review ( IF 0.3 ) Pub Date : 2019-04-04 , DOI: 10.21002/icmr.v10i2.10873
Farhan Ahmed , Suman Talreja , Muhammad Kashif

This study aims to examine the effects of corporate governance and capital structure on firm’s performance. Panel pooled regression method were applied on annual data of two major sectors: automobile & fertilizers from 2006 to 2016. Findings show that board size have positive relationship & audit committee has negative relationship with profitability of automobile sector and vice versa for fertilizers sector. Capital structure is measured by current ratio, debt to equity, short term & long term debt whereas profitability is measured by ROA and ROE. Positive relation of current ratio and profitability of both sectors is observed and the negative relationship of debt to equity of both the sectors has been observed whereas short and long-term debt has no significant relationship in fertil- izers sector. The results should be of great importance to investors, creditors, financial analysts and academicians especially after global financial crisis and collapses of giant organizations worldwide.

中文翻译:

公司治理和资本结构对公司绩效的影响:来自巴基斯坦主要部门的证据

本研究旨在考察公司治理和资本结构对公司绩效的影响。2006-2016年汽车和化肥这两个主要行业的年度数据采用了面板汇集回归方法。调查结果表明,董事会规模与汽车行业的盈利能力呈正相关,而审计委员会与汽车行业的盈利能力呈负相关,反之亦然。资本结构通过流动比率,债务对权益,短期和长期债务来衡量,而盈利能力通过ROA和ROE来衡量。观察到两个部门的流动比率和获利能力呈正相关关系,而两个部门的债务与权益之间均呈负相关关系,而化肥部门的短期和长期债务则无显着关系。
更新日期:2019-04-04
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