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dc.contributor.authorArslan, Muhammad
dc.date.accessioned2019-06-18T04:36:01Z
dc.date.created2019-02-15en
dc.identifier.urihttps://hdl.handle.net/10182/10754
dc.description.abstractEconomic globalization has encouraged debate on the differences and similarities between national corporate governance (CG) systems. However, in today’s world, it is pivotal to study how (and to what extent) is CG shaped by institutional environments both at national and firm level? Consequently, this study seeks to explore key institutional determinants of good CG practices in Pakistan. Drawing on the lenses of agency and institutional theories, the study conceptualizes CG practices and structures as institutionally resolute and directed. The study adopts a qualitative research methodology and found that CG models, particularly in developing countries, are irrelevant if they are not institutionally grounded and explicated. In particular, the study explores the extent to which certain underlying formal and informal institutional determinants, such as the auditing, political, legal, board, shareholders awareness, voting, culture and values play a determining role in corporate governance. The study emphasized the necessity to revisit the foundation of institutional and agency theories in the environment of developing countries. The study also suggests the reassessment of the implication of executives in agency theory literature concerning developing countries, relying on the general lack of knowledge by shareholders with respect to their rights.en
dc.language.isoen
dc.source23rd New Zealand Finance Colloquium 2019en
dc.subjectinstitutionalen
dc.subjectdeterminantsen
dc.subjectcorporate governanceen
dc.subjectagency theoryen
dc.titleInstitutional determinants of good corporate governance: Evidence from emerging economyen
dc.typeConference Contribution - unpublished
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
lu.contributor.unitDepartment of Financial and Business Systems
pubs.finish-date2019-02-15en
pubs.notessession 09, 3.15pm to 4.15pmen
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/QE18
pubs.publication-statusUnpublisheden
pubs.publisher-urlhttps://www.nzfc.ac.nz/en
pubs.start-date2019-02-13en
dc.publisher.placeLincoln University, Canterbury, New Zealanden
lu.identifier.orcid0000-0002-2484-0819
lu.subtypeConference Oral Presentationen


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