The sharing through corporate sustainability for improving corporate performance in state-owned firms.

Abstract

This research aims to investigate the appropriate ownership structure via mediating role of corporate sustainability on corporate performance in state-owned companies of Pakistan by examining the role of organizational governance, agency problems, and current issue of CEO ownership. Most effective theories within the context of the developing country of Pakistan are taken into account and study explores the following issue. First, ownership structure is more effective and could provide major findings in corporate, innovative, and environmental performance. Second, corporate, innovative, and environmental performance is receiving high attention due to the critical business environment in Pakistan. There are many factors that stimulate the significance of the corporate, innovative, and environmental performance. In this phase, the role of CEO and responsibilities towards the company and its performance is analyzed. This study has conducted the theoretical survey in both foreign and home countries. Further, this step is hallmark in providing some countermeasures recommendation for the betterment of state-owned companies of Pakistan. Third is whether the CEOs and shareholders could enhance the corporate, innovative, and environmental performance. Empirical evidence data is collected via structured questionnaire from SO companies operating in the emerging market of Pakistan. In addition, empirical research in this study includes descriptive statistics tests, co-relation test, and analyses generated hypotheses through Analysis of a Moment Structure (AMOS) using structural equation modeling. Our research findings recommend CEOs and top managers to utilize their financial resources in an efficient way to achieve the advantage.