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Corporate governance and firm performance: the role of transparency & disclosure in banking sector of Pakistan
[journal article]
Abstract Purpose: This purpose of this paper is to empirically examine the relationship between transparency and disclosure and firm performance. Highlighting the importance of corporate governance in banking sector, the paper has focused in depth over its role, level and its impact on performance in banking... view more
Purpose: This purpose of this paper is to empirically examine the relationship between transparency and disclosure and firm performance. Highlighting the importance of corporate governance in banking sector, the paper has focused in depth over its role, level and its impact on performance in banking industry of Pakistan. Design/methodology/approach: The paper access this purpose by constructing transparency and disclosure index for the past five year 2007-2011, using proxies for three sub-categories which are board and management structure disclosure, ownership structure disclosure and financial transparency disclosure. The paper also investigated structural changes of T&D Index and its effect on bank financial performance over the sample of 30 banks operating in Pakistan. Findings: Empirical analysis results by using ordinary least square regression model, reveals that financial performance is positively related to the transparency and disclosure and their sub levels except ownership structure disclosure which has negative relation with both ROA and ROE. Furthermore the average T&D level in Pakistani banking sector is above average. Practical implications: The current research paper aims for important policy implementation to reduce information asymmetry and improve corporate governance and firm performance in banking sector of Pakistan.... view less
Keywords
Pakistan; banking; corporate governance; finance; transparency; management; performance
Classification
Economic Sectors
Economic Policy
Document language
English
Publication Year
2015
Page/Pages
p. 152-166
Journal
International Letters of Social and Humanistic Sciences (2015) 43
DOI
https://doi.org/10.18052/www.scipress.com/ILSHS.43.152
ISSN
2300-2697
Status
Published Version; peer reviewed