THE IMPACT OF CORPORATE GOVERNANCE ON WORKING CAPITAL MANAGEMENT EFFICIENCY: A QUANTITATIVE STUDY BASED ON PAKISTANI MANUFACTURING FIRMS
Corporate world has felt the demise since the inception of corporate governance
scandals which has subsequently questioned the performance of the corporate
governance system. Afterwards, financial literature received greater paramount to
analyze the corporate governance system in relation to different parameters of the
firms. The study has attempted to extract good corporate practices which will provides
useful information and intuition to equity investors, security analyst, policy maker and
financial management consultant. This study uses regression and correlation
techniques to investigate the impact of corporate governance on working capital
management efficiency in manufacturing firms of Pakistan employing causal
correlation research design and a sample of 62 manufacturing firms listed at Pakistan
stock exchange for the period of 3 years from 2014-2016. The results show that audit
committee, board size and gender effect improve utilization of the working capital.
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Copyright (c) 2019 Bahar Ali
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