Serial No. | Study (Papers)Year | Dependent variable (s) | Independent variable (s) | Sample and data period | Key findings | Theory of the study |
---|---|---|---|---|---|---|
1 | Khalid et al. [74] | Firm performance | CG | A type of descriptive study | Detail description of CG data has been made in this study | All the related CG theories |
2 | Jamal and Shah [69] | Financial Distress | CG | The data of 53 listed non-financial companies has been taken for the period of 2010–2014 | The findings show that size of board, composition of board and CEO duality has a positive impact on Z-score of Pakistani listed firm | Not mentioned |
3 | Fareed and Hassan [44] | Dividend Policy | Group affiliation and Managerial entrenchment | The data of 125 non-financial companies has been taken for the period of 2003–2013 | Not clear | Agency Theory |
4 | Khalid et al. [76] | Adjusted Market rate of return | Pricing of discretionary accruals | The sugar sector has been selected for the analysis for the period of 2008–2013 | This study documented that those sugar sector firms which have excess institutional ownership, high quality audit production and more independent directors in the board have significantly higher impact of discretionary accruals as compared to other firms | Agency Theory |
5 | Azhar and Saeed [33] | Dividend Policy | Board Composition and Ownership structure | This study has used the data of 150 listed firms of PSX for the period of 2008–2012 | The results reveals that board independence has significant positive impact of dividend payout while all other proxies has no relationship with it | Dividend Theories |
6 | Sohail et al. [134] | Firm performance of banks | CG | The sample is all listed 14 commercial banks of PSX of the period of 2006–2011 | The results document that CG has positive and significant relationship with firm performance in Banks | Not mentioned |