Impact of Organizational Life Cycle Stages on Quality of Corporate Governance: Empirical Evidence from Pakistan's Corporate Sector

Authors

  • Sundus Shaheen Department of Commerce, the Islamia University of Bahawalpur, Pakistan,
  • Rabia Nazir the Islamia university of bahawalpur, pakistan
  • Noreen Mehar Government Degree College, Qadir Pur, Pakistan
  • Fareeha Adil Sustainable Development Policy Islamabad, Pakistan

Abstract

The purpose of this research study is to determine the influence of the different organizational life cycle stages in modeling the quality of corporate governance. The study employs data of 46 companies listed with the KSE 100 index and uses a governance prediction model to determine the nexus between the organizational life cycle and the quality of corporate governance. The longitudinal data on corporate governance may help to identify the changes within a firm over time. However, of this time series data has compelled us to use the variations in corporate governance between-firms at distinct life-cycle stages. The study finds that mature firms as being high in resources are better governed overall. Transparency, responsibility, and accountability are higher in growth firms, whereas discipline and independence improve as firms mature. The results of the study recommend that governance functions such as monitoring/control and resource/strategy are significant and relatable at different life-cycle stages.

Keywords: Corporate governance, organization life cycle, corporate sector, regression analysis, governance prediction model

JEL Classifications G0, G3, G34

DOI: https://doi.org/10.32479/ijefi.10279

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Author Biographies

Sundus Shaheen, Department of Commerce, the Islamia University of Bahawalpur, Pakistan,

Sundus is working as a lecturer at the department of commerce, the Islamia University of Bahawalpur, PakistanShe is currently doing her PhD from a reputed university from pakistan

Rabia Nazir, the Islamia university of bahawalpur, pakistan

Rabia Nazir is working as an assistant professor at the department of economics, the Islamia University of Bahawalpur Pakistan/ she has three distinctions in her academic career in masters, Mphil and PhD respectively from reputed universities of Pakistan.She has recently completed her doctoral study from Pakistan Institute of Islamabad. 

Noreen Mehar, Government Degree College, Qadir Pur, Pakistan

Noreen Mehar is an Assistant professor at Government Degree College, Qadir Pur, Pakistan

Fareeha Adil, Sustainable Development Policy Islamabad, Pakistan

Fareeha is working as a Consultant at Sustainable Development Policy Islamabad, Pakistan

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Published

2020-10-02

How to Cite

Shaheen, S., Nazir, R., Mehar, N., & Adil, F. (2020). Impact of Organizational Life Cycle Stages on Quality of Corporate Governance: Empirical Evidence from Pakistan’s Corporate Sector. International Journal of Economics and Financial Issues, 10(4), 271–279. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/10279

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