Abstract
This study examines the role of voluntary adoption of corporate governance mechanisms in mitigating the financial distress status of firms. Using the sample of 52 firms from non-financial sector li...
Highlights
The separation between ownership and control in large companies leads to the need for corporate governance (Berle & Gardiner, 1932; Shleifer & Vishny, 1997)
This study aims to check the relationship between probability of financial distress and proposed adoption of corporate governance structures of non-financial firms listed at Karachi Stock Exchange (KSE)
This study focuses on time period during which companies adopted different corporate governance structures, and it aims to precede the introduction of new code of corporate governance in 2012
Summary
The separation between ownership and control in large companies leads to the need for corporate governance (Berle & Gardiner, 1932; Shleifer & Vishny, 1997). Corporate governance structures are ABOUT THE AUTHOR. Rabia Luqman is a Lecturer at Management Sciences Department, Comsats University Islamabad, Vehari Campus. Financial crisis, international finance, corporate governanceand financial management.His research publications are as follows: Akhtar, S., Luqman, R., Raza, F., Riaz, H., Tufail, H. The Impact of Workplace Incivility on The Psychological Wellbeing of Employees Through Emotional Exhaustion. H., Akhtar, N., Moazzam, A., Luqman, R., Naz, H., & Tufail, H. European Online Journal of Natural and Social Sciences, 6(4), pp-526
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