Corporate Governance and its impact on Performance of Automobile Industry of Pakistan: The Role of Foreigner Members in BOD
- https://doi.org/10.2991/msie-19.2020.59How to use a DOI?
- Automobile Industry, Corporate Governance, Firm Performance, and Pakistan Stock Exchange
Pakistan’s automobile sector goes through trouble phase from many years; however, from the last half-decade, it reflects as an emerging sector of Pakistan stock exchange (PSX). The research is to explore the relations of foreign representatives' inboard and the firm's performance with the contemplation of outliers' problem. The study draws special attention by focusing on a gap that never been revealed yet. We examined 12 years of annual data with a robust regression model to treat the outliers. The results reported that the foreigners on board are the primary gauge for the remarkable financial performance of the firms. The board size and audit committees showed up with proper accountability in the system. However, the finding for independent directors and institutional investors presented a negative relation with the firm's performance. The findings of this research will be serving as a base for policymakers of the emerging automobile industry of Pakistan for the financial betterment of the companies.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Haijun Cao AU - PeiZhi Wang AU - Muhammad Ramzan PY - 2020/01 DA - 2020/01 TI - Corporate Governance and its impact on Performance of Automobile Industry of Pakistan: The Role of Foreigner Members in BOD BT - Proceedings of the 2019 International Conference on Management Science and Industrial Economy (MSIE 2019) PB - Atlantis Press SP - 288 EP - 295 SN - 2352-5428 UR - https://doi.org/10.2991/msie-19.2020.59 DO - https://doi.org/10.2991/msie-19.2020.59 ID - Cao2020/01 ER -