Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry

The objective of this paper is to investigate the impact of capital structure and corporate governance on firm performance. To test the hypothesis of study, data was collected from annual reports of sugar sector companies listed in PSX. This study data covers from 2015 to 2020. The results of study...

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Autores principales: Shahzad, Akmal, Zulfiqar, Bushra, Hassan, Mehmood ul, Mathkur, Naif Mansour, Ahmed, Irfan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Psychology
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9278350/
https://www.ncbi.nlm.nih.gov/pubmed/35846698
http://dx.doi.org/10.3389/fpsyg.2022.905808
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author Shahzad, Akmal
Zulfiqar, Bushra
Hassan, Mehmood ul
Mathkur, Naif Mansour
Ahmed, Irfan
author_facet Shahzad, Akmal
Zulfiqar, Bushra
Hassan, Mehmood ul
Mathkur, Naif Mansour
Ahmed, Irfan
author_sort Shahzad, Akmal
collection PubMed
description The objective of this paper is to investigate the impact of capital structure and corporate governance on firm performance. To test the hypothesis of study, data was collected from annual reports of sugar sector companies listed in PSX. This study data covers from 2015 to 2020. The results of study showed that both proxies of capital structure, i.e., D/A and D/E negatively influence the company performance. Whereas two out of three proxies of corporate governance, i.e., board size and chairman/CEO duality negatively indicate association with company performance while audit committee size has a positive impact on the company performance.
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spelling pubmed-92783502022-07-14 Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry Shahzad, Akmal Zulfiqar, Bushra Hassan, Mehmood ul Mathkur, Naif Mansour Ahmed, Irfan Front Psychol Psychology The objective of this paper is to investigate the impact of capital structure and corporate governance on firm performance. To test the hypothesis of study, data was collected from annual reports of sugar sector companies listed in PSX. This study data covers from 2015 to 2020. The results of study showed that both proxies of capital structure, i.e., D/A and D/E negatively influence the company performance. Whereas two out of three proxies of corporate governance, i.e., board size and chairman/CEO duality negatively indicate association with company performance while audit committee size has a positive impact on the company performance. Frontiers Media S.A. 2022-06-29 /pmc/articles/PMC9278350/ /pubmed/35846698 http://dx.doi.org/10.3389/fpsyg.2022.905808 Text en Copyright © 2022 Shahzad, Zulfiqar, Hassan, Mathkur and Ahmed. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Shahzad, Akmal
Zulfiqar, Bushra
Hassan, Mehmood ul
Mathkur, Naif Mansour
Ahmed, Irfan
Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title_full Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title_fullStr Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title_full_unstemmed Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title_short Investigating the Effects of Capital Structure and Corporate Governance on Firm Performance: An Analysis of the Sugar Industry
title_sort investigating the effects of capital structure and corporate governance on firm performance: an analysis of the sugar industry
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9278350/
https://www.ncbi.nlm.nih.gov/pubmed/35846698
http://dx.doi.org/10.3389/fpsyg.2022.905808
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