Measuring the Validity of the Influential Factors for Good Corporate Governance

Naeem, M. Hunjra, A. I. and Khalid, B. (2012). Measuring the Validity of the Influential Factors for Good Corporate Governance. Bulletin of Business and Economics, 1(2), 13-22

10 Pages Posted: 21 Aug 2018

See all articles by Muhammad Naeem

Muhammad Naeem

Allama Iqbal Open University

Ahmed Imran Hunjra

University of Waikato; Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS)

Babar Khalid

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi, Students

Date Written: 2012

Abstract

This study was conducted and the model was planned for measuring the validity of the self-developed instrument of influential factors for good corporate governance. The objective of this study was to measure the determinants (i.e. Agency Problem, Equity Return, Management Holdings and Transparent Audit) of the good corporate governance in Pakistan. The population of this study was professionals of Pakistani corporations and stockbrokers of Islamabad Stock Exchange. The sample size was of 50 professionals and stock brokers. A self-developed questionnaire of five variables was constructed and factor analysis has been applied to measuring the validity of the instrument and its items. Mean score of the items, factor relative importance and percentage of variances of the variables has also been measured. Factor loading of all 20 items has a value greater than 0.4 and eigenvalues of every single variable is greater than 1.00 according to Kaiser’s criteria.

Keywords: Agency Problem, Equity Return, Management Holdings, Transparent Audit, Good Corporate Governance, Islamabad Stock Exchange

Suggested Citation

Naeem, Muhammad and Hunjra, Ahmed Imran and Khalid, Babar, Measuring the Validity of the Influential Factors for Good Corporate Governance (2012). Naeem, M. Hunjra, A. I. and Khalid, B. (2012). Measuring the Validity of the Influential Factors for Good Corporate Governance. Bulletin of Business and Economics, 1(2), 13-22. Available at SSRN: https://ssrn.com/abstract=3228565

Muhammad Naeem

Allama Iqbal Open University

Sector H-8
islamabad, Punjab 44000
Pakistan

Ahmed Imran Hunjra (Contact Author)

University of Waikato ( email )

Te Raupapa
Private Bag 3105
Hamilton, 3240
New Zealand

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )

Muree Road Rawalpindi
Shamsabad, Punjab 44000
Pakistan
00923457162527 (Phone)

Babar Khalid

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi, Students ( email )

Pakistan

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