CORPORATE GOVERNANCE AS A DETERMINANT OF STOCK PRICE SYNCHRONICITY EMPIRICAL EVIDENCE FROM PAKISTAN

http://dx.doi.org/10.31703/grr.2017(II-I).20      10.31703/grr.2017(II-I).20      Published : Dec 2017
Authored by : AdnanAhmad , HumeraManzoor , MuhammadIbrahimKhan

20 Pages : 289-304

References

  • Adams, R., Hermalin, B., & Weisbach, M. (2010). The role of Board of Directors in Corporate Governance: A Conceptual Framework & Survey. Journal of Economic Literature, 48(1), 58-107.
  • Adeyemi, B. (2013). Role of Audit Committee in Corporate Governance. Retrieved From http://businessdayonline.com/.../role-of-auditcommittee-in-corporate-governance
  • Ali, A., &Nasir, S. (2014). Impact of Board characteristics and Audit committee on Financial performance: A study of manufacturing study of Pakistan. Journal of Finance & Accounting, 5(7), 144-152.
  • Alzoubi, E., &Selamat, M. (2012). The effectiveness of CG mechanism on Constraining Earning Management: literature review & proposed framework. International Journal of Global Business, 5(1),17-35.
  • Ashbaug, H., Gassen, J., &LaFond, R. (2005).Does Stock Price Synchronicity represent Represent firm specific information? The real evidence
  • Bahmani, D. (2014). The relation between Disclosure Quality & information asymmetry: Empirical evidence from Iran. International Journal of financial research, 5(2).
  • Barros, P., Boubaker, S., &Hamrouni, A. (2013). Corporate Governance & Voluntary Disclosure in France. The Journal of Applied Business Research, 29 (2), 110-114.
  • Bond, J.K. (2009). Cooperative Financial performance and Board of Directors Characteristics: A quantitative investigation. Journal of Cooperatives, (22), 22-44
  • Chukwunedu, O., &Ogochukwu, O. (2014). Board effectiveness and Audit Quality in Nigeria: A perspective study. International Journal of Management Science, 2(9), 406-417.
  • Cohen, J., Krisshnamoorthy, G., & Wright, A. (2004). The Corporate Governance Mosaic & Financial reporting quality.Journal of Accounting Literature, 87-152.
  • Elbadry, A., Gounopoulos, D., Skinner, F. (2014). Governance Quality & information Asymmetry.Economics & Finance, 14-12.
  • Gillani, U. ( 2010). Relationship between economic growth and stock market Development.African Journal of business management, 4, 3473- 3479.
  • Gordon, J. (2007). The rise of Independent Directors in US, 1950-2005: shareholders Value & stock market prices.Coloumbia Law & Economics working paper series, 59(323).
  • Guest, (2009).The impact of board size on firm performance. The European Journal of Finance, 15(4), 385-404.
  • Gul, F., Kim, J., &Qiu, A. (2010). Ownership Concentration, Foreign Shareholding, Audit quality, & stock price Synchronicity: Evidence from China. Journal of Financial Economics.
  • Hermalin, B., &Weisbach, M. (2006).A Framework for assessing CG reforms. NBER Working paper, 12050.Retrieved from http://www.nber.org/papers/w12050.
  • Hossain, D..&Rahman, A. (2006). Audit Committee: A summary of findings of some Existing Literature. The cost and management, 34(5), 40-57. Jaeger, J., (2012).The evolving role of Internal Audit. Retrieved from www.complianceweek.com/news/.../the-evolving-role-ofinternal-audit
  • Kilika, S., & Mutua, N. (2013). A survey of role of Audit Committee in promoting Corporate Governance and accountability in Constituency Development fund Management: A case Study of Nairobi, Kenya. International Journal of finance & Banking Studies, 2(3).
  • Klazema, A. (2014). The importance of Corporate Governance. Retrieved from https://www.udemy.com/blog/importance-of-corporategovernance.
  • Lawal, B. (2012). Board Dynamics and Corporate Performance: review of literature and Empirical challenges. International Journal of Economics & Finance, 4(1).
  • Lipman, L., &Lipman, J. (2006). Why is Corporate Governance important? Retrieved From http://accounting.smartpros.com/x55104.xml
  • Mohiuddin, MD., & Karbhari, Y. (2010). Audit Committee Effectiveness: a critical Literature Review. AIUB Journal of Business & Economics, 9 (1), 97-125.
  • Morck, R., Yeung, B., & Yu, W. (2000). The information content of Stock Markets: why Do Emerging Markets have Synchronous Stock Price Movements? Journal of Financial Economics, 58(1), 215-260.
  • Neri, L., & Russo, A. (2014). A Framework for Audit Quality: Critical Analysis. Business and Management Review, 3(09), 25-30.
  • Oluitan, R., & Henry, A. (2013). The impact of Capital Market in Development of Nigeria. Journal in Organizational Psychology & Educational Studies, 2(5), 267- 270.
  • Shaiban, M., &Saleh, Z. (2010). The impact of Information Intermediaries on Stock Price Synchronicity. Asian Journal of Business and Accounting, 3(2), 1- 29.
  • Sori, Z., Ramadili, S., &Karbhari, Y. (2009). Audit Committee & Auditor Independence: The bankers perception. International Journal of Economics and Management, 3(2), 313-331.
  • Turley, S., &Zaman, M. (2004).The Corporate Governance Effects of Audit committee. Journal of Management & Governance, (8), 305-332.

References

  • Adams, R., Hermalin, B., & Weisbach, M. (2010). The role of Board of Directors in Corporate Governance: A Conceptual Framework & Survey. Journal of Economic Literature, 48(1), 58-107.
  • Adeyemi, B. (2013). Role of Audit Committee in Corporate Governance. Retrieved From http://businessdayonline.com/.../role-of-auditcommittee-in-corporate-governance
  • Ali, A., &Nasir, S. (2014). Impact of Board characteristics and Audit committee on Financial performance: A study of manufacturing study of Pakistan. Journal of Finance & Accounting, 5(7), 144-152.
  • Alzoubi, E., &Selamat, M. (2012). The effectiveness of CG mechanism on Constraining Earning Management: literature review & proposed framework. International Journal of Global Business, 5(1),17-35.
  • Ashbaug, H., Gassen, J., &LaFond, R. (2005).Does Stock Price Synchronicity represent Represent firm specific information? The real evidence
  • Bahmani, D. (2014). The relation between Disclosure Quality & information asymmetry: Empirical evidence from Iran. International Journal of financial research, 5(2).
  • Barros, P., Boubaker, S., &Hamrouni, A. (2013). Corporate Governance & Voluntary Disclosure in France. The Journal of Applied Business Research, 29 (2), 110-114.
  • Bond, J.K. (2009). Cooperative Financial performance and Board of Directors Characteristics: A quantitative investigation. Journal of Cooperatives, (22), 22-44
  • Chukwunedu, O., &Ogochukwu, O. (2014). Board effectiveness and Audit Quality in Nigeria: A perspective study. International Journal of Management Science, 2(9), 406-417.
  • Cohen, J., Krisshnamoorthy, G., & Wright, A. (2004). The Corporate Governance Mosaic & Financial reporting quality.Journal of Accounting Literature, 87-152.
  • Elbadry, A., Gounopoulos, D., Skinner, F. (2014). Governance Quality & information Asymmetry.Economics & Finance, 14-12.
  • Gillani, U. ( 2010). Relationship between economic growth and stock market Development.African Journal of business management, 4, 3473- 3479.
  • Gordon, J. (2007). The rise of Independent Directors in US, 1950-2005: shareholders Value & stock market prices.Coloumbia Law & Economics working paper series, 59(323).
  • Guest, (2009).The impact of board size on firm performance. The European Journal of Finance, 15(4), 385-404.
  • Gul, F., Kim, J., &Qiu, A. (2010). Ownership Concentration, Foreign Shareholding, Audit quality, & stock price Synchronicity: Evidence from China. Journal of Financial Economics.
  • Hermalin, B., &Weisbach, M. (2006).A Framework for assessing CG reforms. NBER Working paper, 12050.Retrieved from http://www.nber.org/papers/w12050.
  • Hossain, D..&Rahman, A. (2006). Audit Committee: A summary of findings of some Existing Literature. The cost and management, 34(5), 40-57. Jaeger, J., (2012).The evolving role of Internal Audit. Retrieved from www.complianceweek.com/news/.../the-evolving-role-ofinternal-audit
  • Kilika, S., & Mutua, N. (2013). A survey of role of Audit Committee in promoting Corporate Governance and accountability in Constituency Development fund Management: A case Study of Nairobi, Kenya. International Journal of finance & Banking Studies, 2(3).
  • Klazema, A. (2014). The importance of Corporate Governance. Retrieved from https://www.udemy.com/blog/importance-of-corporategovernance.
  • Lawal, B. (2012). Board Dynamics and Corporate Performance: review of literature and Empirical challenges. International Journal of Economics & Finance, 4(1).
  • Lipman, L., &Lipman, J. (2006). Why is Corporate Governance important? Retrieved From http://accounting.smartpros.com/x55104.xml
  • Mohiuddin, MD., & Karbhari, Y. (2010). Audit Committee Effectiveness: a critical Literature Review. AIUB Journal of Business & Economics, 9 (1), 97-125.
  • Morck, R., Yeung, B., & Yu, W. (2000). The information content of Stock Markets: why Do Emerging Markets have Synchronous Stock Price Movements? Journal of Financial Economics, 58(1), 215-260.
  • Neri, L., & Russo, A. (2014). A Framework for Audit Quality: Critical Analysis. Business and Management Review, 3(09), 25-30.
  • Oluitan, R., & Henry, A. (2013). The impact of Capital Market in Development of Nigeria. Journal in Organizational Psychology & Educational Studies, 2(5), 267- 270.
  • Shaiban, M., &Saleh, Z. (2010). The impact of Information Intermediaries on Stock Price Synchronicity. Asian Journal of Business and Accounting, 3(2), 1- 29.
  • Sori, Z., Ramadili, S., &Karbhari, Y. (2009). Audit Committee & Auditor Independence: The bankers perception. International Journal of Economics and Management, 3(2), 313-331.
  • Turley, S., &Zaman, M. (2004).The Corporate Governance Effects of Audit committee. Journal of Management & Governance, (8), 305-332.

Cite this article

APA

    APA : Ahmad, A., Manzoor, H., & Khan, M. I. (2017). Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan. Global Regional Review, II(I), 289-304. https://doi.org/10.31703/grr.2017(II-I).20

CHICAGO

    CHICAGO : Ahmad, Adnan, Humera Manzoor, and Muhammad Ibrahim Khan. 2017. "Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan." Global Regional Review, II (I): 289-304 doi: 10.31703/grr.2017(II-I).20

HARVARD

    HARVARD : AHMAD, A., MANZOOR, H. & KHAN, M. I. 2017. Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan. Global Regional Review, II, 289-304.

MHRA

    MHRA : Ahmad, Adnan, Humera Manzoor, and Muhammad Ibrahim Khan. 2017. "Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan." Global Regional Review, II: 289-304

MLA

    MLA : Ahmad, Adnan, Humera Manzoor, and Muhammad Ibrahim Khan. "Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan." Global Regional Review, II.I (2017): 289-304 Print.

OXFORD

    OXFORD : Ahmad, Adnan, Manzoor, Humera, and Khan, Muhammad Ibrahim (2017), "Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan", Global Regional Review, II (I), 289-304

TURABIAN

    TURABIAN : Ahmad, Adnan, Humera Manzoor, and Muhammad Ibrahim Khan. "Corporate Governance as a Determinant of Stock Price Synchronicity: Empirical Evidence from Pakistan." Global Regional Review II, no. I (2017): 289-304. https://doi.org/10.31703/grr.2017(II-I).20