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Impact of corporate board attributes on firm's leverage choices: A case of Pakistani listed companies

  • Rizwan Ullah*
  • , Wu Weiwei
  • , Salim Khan
  • , Mudassar Ali
  • *Corresponding author for this work
  • Harbin Institute of Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The purpose of this study was to examine whether corporate governance attributes Such as board size, independent directors and CEO duality affect the firm's financial leverage choices of Pakistani firms. Multiple regression analysis was used to estimate the relationship between corporate governance measures and firm's financial leverage choices (total debt ratio) of non-financial firms listed in Pakistan Stock Exchange (PSX), Pakistan, over the period 2011 to 2016. The results suggested that board size, independent directors and CEO duality were positively statistically significant related to the total debt ratio. Although Pakistani firms have weak internal corporate governance mechanisms compared to firms in developed countries, yet the empirical discoveries suggested that corporate governance attributes explain the part of financing behavior of Pakistani firms.

Original languageEnglish
Title of host publicationProceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019
Subtitle of host publicationEducation Excellence and Innovation Management through Vision 2020
EditorsKhalid S. Soliman
PublisherInternational Business Information Management Association, IBIMA
Pages6453-6461
Number of pages9
ISBN (Electronic)9780999855126
StatePublished - 2019
Event33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019 - Granada, Spain
Duration: 10 Apr 201911 Apr 2019

Publication series

NameProceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020

Conference

Conference33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019
Country/TerritorySpain
CityGranada
Period10/04/1911/04/19

Keywords

  • Board size
  • CEO duality
  • Financial leverage choices
  • Independent directors
  • Pakistan

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