Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange
The main objective of this study is how revised corporate governance codes (CGC) affects stock informativeness at the Pakistan stock exchange. The period that is selected for this study is from 2009 to 2019. The final sample comprises a total of 726 firms' years. The data is analyzed by using t...
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2021
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my.utm.963542022-07-17T08:43:22Z http://eprints.utm.my/id/eprint/96354/ Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange Majeed, Afkar Basiruddin, Rohaida Naz, Iram HB Economic Theory The main objective of this study is how revised corporate governance codes (CGC) affects stock informativeness at the Pakistan stock exchange. The period that is selected for this study is from 2009 to 2019. The final sample comprises a total of 726 firms' years. The data is analyzed by using the generalized method of moment (GMM). This method is considered most efficient because it reduces the endogeneity concerns. The study's findings indicate that board independence and gender diversity positively and significantly affect idiosyncratic volatility. In comparison, chairman CEO duality and audit committee independence have split results with both proxies. However, revised governance codes have a significant and positive effect on stock informativness. Therefore, the results of this study are beneficial for companies and regulators. Allied Business Academies 2021 Article PeerReviewed Majeed, Afkar and Basiruddin, Rohaida and Naz, Iram (2021) Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange. Academy of Accounting and Financial Studies Journal, 25 (SI4). pp. 1-11. ISSN 1096-3685 https://www.abacademies.org/articles/does-revised-governance-codes-effects-stock-informativeness-evidence-from-pakistan-stock-exchange-12015.html |
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HB Economic Theory Majeed, Afkar Basiruddin, Rohaida Naz, Iram Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
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The main objective of this study is how revised corporate governance codes (CGC) affects stock informativeness at the Pakistan stock exchange. The period that is selected for this study is from 2009 to 2019. The final sample comprises a total of 726 firms' years. The data is analyzed by using the generalized method of moment (GMM). This method is considered most efficient because it reduces the endogeneity concerns. The study's findings indicate that board independence and gender diversity positively and significantly affect idiosyncratic volatility. In comparison, chairman CEO duality and audit committee independence have split results with both proxies. However, revised governance codes have a significant and positive effect on stock informativness. Therefore, the results of this study are beneficial for companies and regulators. |
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Article |
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Majeed, Afkar Basiruddin, Rohaida Naz, Iram |
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Majeed, Afkar Basiruddin, Rohaida Naz, Iram |
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Majeed, Afkar |
title |
Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
title_short |
Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
title_full |
Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
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Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
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Does revised governance codes effects stock informativeness: Evidence from Pakistan stock exchange |
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does revised governance codes effects stock informativeness: evidence from pakistan stock exchange |
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Allied Business Academies |
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2021 |
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http://eprints.utm.my/id/eprint/96354/ https://www.abacademies.org/articles/does-revised-governance-codes-effects-stock-informativeness-evidence-from-pakistan-stock-exchange-12015.html |
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