EXAMINING THE INTERPLAY OF CORPORATE GOVERNANCE OWNERSHIP STRUCTURE AND CAPITAL STRUCTURE THE IMPACT OF BOARD GOVERNANCE AS A MODERATOR

http://dx.doi.org/10.31703/ger.2023(VIII-II).19      10.31703/ger.2023(VIII-II).19      Published : Jun 2
Authored by : Fahad Hussain , Muhammad Ziaullah , Asghar Hayyat

19 Pages : 253-267

References

  • Fahad Hussain, Muhammad Ziaullah and Asghar Hayyat 266 Global Economics Review (GER) References Ahmad, H., Akhter, N., Siddiq, T., & Iqbal, Z. (2018). Ownership structure, corporate governance and capital structure of Non- Financial Firms of Pakistan. Information Management and Business Review, 10(1), 31– 46. https://doi.org/10.22610/imbr.v10i1.2146
  • Al-Bassam, W. M., Ntim, C. G., Opong, K. K., & Downs, Y. (2015). Corporate Boards and Ownership Structure as Antecedents of Corporate Governance Disclosure in Saudi Arabian Publicly Listed Corporations. Business & Society, 57(2), 335–377. https://doi.org/10.1177/0007650315610611
  • Gupta, S., Yadav, S. S., & Jain, P. K. (2020). Impact of Foreign Ownership on Leverage: A Study of Indian Firms. Global Business Review, 097215092092736. https://doi.org/10.1177/0972150920927360
  • Gurusamy, P. (2021). Corporate Ownership Structure and Its Effect on Capital Structure: Evidence from BSE Listed Manufacturing Companies in India. IIM Kozhikode Society & Management Review, 227797522096830. https://doi.org/10.1177/2277975220968305
  • Hanafi, M. M., Setiyono, B., & Sanjaya, I. P. S. (2018). Ownership structure and firm performance: evidence from the subprime crisis period. Corporate Governance, 18(2), 206– 219. https://doi.org/10.1108/cg-10-2016-0203
  • Hassan Bazhair, A., & Naif Alshareef, M. (2022). Dynamic relationship between ownership structure and financial performance: a Saudi experience. Cogent Business & Management, 9(1), 2098636. https://doi.org/10.1080/23311975.2022.2098636
  • Javaid, A., Nazir, M. S., & Fatima, K. (2021). Impact of corporate governance on capital structure: mediating role of cost of capital. Journal of Economic and Administrative Sciences, ahead-of- print(ahead-of-print). https://doi.org/10.1108/jeas-09-2020-0157
  • Kansil, R., & Singh, A. (2018). Institutional ownership and firm performance: evidence from Indian panel data. International Journal of Business and Emerging Markets, 10(3), 250. https://doi.org/10.1504/ijbem.2018.092993
  • Kao, M.-F., Hodgkinson, L., & Jaafar, A. (2019). Ownership structure, board of directors and firm performance: evidence from Taiwan. Corporate Governance: The International Journal of Business in Society, 19(1), 189–216. https://doi.org/10.1108/cg-04-2018-0144
  • Masood, A., & Shah, A. (2014). Corporate governance and cash holdings in listed non-financial firms in Pakistan. Business Review, 9(2), 48–73. https://doi.org/10.54784/1990-6587.1271
  • Modigliani, F., & Miller, M. H. (1963). Corporate income taxes and the cost of capital: a Revision. https://doi.org/10.2139/ssrn.1715044
  • Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. The American economic review, 48(3), 261-297
  • Myers, S. C. (2001). Capital structure. The Journal of Economic Perspective, 15(2), 81–102.
  • Nguyen, H. A., Lien Le, Q., & Anh Vu, T. K. (2021). Ownership structure and earnings management: Empirical evidence from Vietnam. Cogent Business & Management, 8(1), 1908006. https://doi.org/10.1080/23311975.2021.1908006
  • Queiri, A., Madbouly, A., Reyad, S., & Dwaikat, N. (2021). Corporate governance, ownership structure and firms’ financial performance: insights from Muscat securities market (MSM30). Journal of Financial Reporting and Accounting, ahead-of-print(ahead- of-print). https://doi.org/10.1108/jfra-05-2020-0130
  • Rashid, M. M. (2020). “Ownership structure and firm performance: the mediating role of board characteristics.” Corporate Governance: The International Journal of Business in Society, 20(4), 719–737. https://doi.org/10.1108/cg-02-2019-0056
  • Howe, J. S. (1997). The Determination of Financial Structure: The Incentive- Signalling Approach. CFA Digest, 27(1), 5–7. https://doi.org/10.2469/dig.v27.n1.2
  • Yeh, C. M. (2018). Ownership structure and firm performance of listed tourism firms. International Journal of Tourism Research, 21(2), 165–179. https://doi.org/10.1002/jtr.2250

References

  • Fahad Hussain, Muhammad Ziaullah and Asghar Hayyat 266 Global Economics Review (GER) References Ahmad, H., Akhter, N., Siddiq, T., & Iqbal, Z. (2018). Ownership structure, corporate governance and capital structure of Non- Financial Firms of Pakistan. Information Management and Business Review, 10(1), 31– 46. https://doi.org/10.22610/imbr.v10i1.2146
  • Al-Bassam, W. M., Ntim, C. G., Opong, K. K., & Downs, Y. (2015). Corporate Boards and Ownership Structure as Antecedents of Corporate Governance Disclosure in Saudi Arabian Publicly Listed Corporations. Business & Society, 57(2), 335–377. https://doi.org/10.1177/0007650315610611
  • Gupta, S., Yadav, S. S., & Jain, P. K. (2020). Impact of Foreign Ownership on Leverage: A Study of Indian Firms. Global Business Review, 097215092092736. https://doi.org/10.1177/0972150920927360
  • Gurusamy, P. (2021). Corporate Ownership Structure and Its Effect on Capital Structure: Evidence from BSE Listed Manufacturing Companies in India. IIM Kozhikode Society & Management Review, 227797522096830. https://doi.org/10.1177/2277975220968305
  • Hanafi, M. M., Setiyono, B., & Sanjaya, I. P. S. (2018). Ownership structure and firm performance: evidence from the subprime crisis period. Corporate Governance, 18(2), 206– 219. https://doi.org/10.1108/cg-10-2016-0203
  • Hassan Bazhair, A., & Naif Alshareef, M. (2022). Dynamic relationship between ownership structure and financial performance: a Saudi experience. Cogent Business & Management, 9(1), 2098636. https://doi.org/10.1080/23311975.2022.2098636
  • Javaid, A., Nazir, M. S., & Fatima, K. (2021). Impact of corporate governance on capital structure: mediating role of cost of capital. Journal of Economic and Administrative Sciences, ahead-of- print(ahead-of-print). https://doi.org/10.1108/jeas-09-2020-0157
  • Kansil, R., & Singh, A. (2018). Institutional ownership and firm performance: evidence from Indian panel data. International Journal of Business and Emerging Markets, 10(3), 250. https://doi.org/10.1504/ijbem.2018.092993
  • Kao, M.-F., Hodgkinson, L., & Jaafar, A. (2019). Ownership structure, board of directors and firm performance: evidence from Taiwan. Corporate Governance: The International Journal of Business in Society, 19(1), 189–216. https://doi.org/10.1108/cg-04-2018-0144
  • Masood, A., & Shah, A. (2014). Corporate governance and cash holdings in listed non-financial firms in Pakistan. Business Review, 9(2), 48–73. https://doi.org/10.54784/1990-6587.1271
  • Modigliani, F., & Miller, M. H. (1963). Corporate income taxes and the cost of capital: a Revision. https://doi.org/10.2139/ssrn.1715044
  • Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. The American economic review, 48(3), 261-297
  • Myers, S. C. (2001). Capital structure. The Journal of Economic Perspective, 15(2), 81–102.
  • Nguyen, H. A., Lien Le, Q., & Anh Vu, T. K. (2021). Ownership structure and earnings management: Empirical evidence from Vietnam. Cogent Business & Management, 8(1), 1908006. https://doi.org/10.1080/23311975.2021.1908006
  • Queiri, A., Madbouly, A., Reyad, S., & Dwaikat, N. (2021). Corporate governance, ownership structure and firms’ financial performance: insights from Muscat securities market (MSM30). Journal of Financial Reporting and Accounting, ahead-of-print(ahead- of-print). https://doi.org/10.1108/jfra-05-2020-0130
  • Rashid, M. M. (2020). “Ownership structure and firm performance: the mediating role of board characteristics.” Corporate Governance: The International Journal of Business in Society, 20(4), 719–737. https://doi.org/10.1108/cg-02-2019-0056
  • Howe, J. S. (1997). The Determination of Financial Structure: The Incentive- Signalling Approach. CFA Digest, 27(1), 5–7. https://doi.org/10.2469/dig.v27.n1.2
  • Yeh, C. M. (2018). Ownership structure and firm performance of listed tourism firms. International Journal of Tourism Research, 21(2), 165–179. https://doi.org/10.1002/jtr.2250

Cite this article

APA

    APA : Hussain, F., Ziaullah, M., & Hayyat, A. (2023). Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator. Global Economics Review, VIII(II), 253-267. https://doi.org/10.31703/ger.2023(VIII-II).19

CHICAGO

    CHICAGO : Hussain, Fahad, Muhammad Ziaullah, and Asghar Hayyat. 2023. "Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator." Global Economics Review, VIII (II): 253-267 doi: 10.31703/ger.2023(VIII-II).19

HARVARD

    HARVARD : HUSSAIN, F., ZIAULLAH, M. & HAYYAT, A. 2023. Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator. Global Economics Review, VIII, 253-267.

MHRA

    MHRA : Hussain, Fahad, Muhammad Ziaullah, and Asghar Hayyat. 2023. "Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator." Global Economics Review, VIII: 253-267

MLA

    MLA : Hussain, Fahad, Muhammad Ziaullah, and Asghar Hayyat. "Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator." Global Economics Review, VIII.II (2023): 253-267 Print.

OXFORD

    OXFORD : Hussain, Fahad, Ziaullah, Muhammad, and Hayyat, Asghar (2023), "Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator", Global Economics Review, VIII (II), 253-267

TURABIAN

    TURABIAN : Hussain, Fahad, Muhammad Ziaullah, and Asghar Hayyat. "Examining the Interplay of Corporate Governance, Ownership Structure, and Capital Structure: The Impact of Board Governance as a Moderator." Global Economics Review VIII, no. II (2023): 253-267. https://doi.org/10.31703/ger.2023(VIII-II).19