Measuring the Validity of the Influential Factors for Good Corporate Governance

Muhammad Naeem, Ahmed Imran Hunjra and Babar Khalid
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Muhammad Naeem: Col. MBA Student, Allama Iqbal Open University, Islamabad, Pakistan.
Ahmed Imran Hunjra: Lecturer, UIMS-PMAS-Arid Agriculture University Rawalpindi, Pakistan and PhD Scholar, Iqra University Islamabad, Pakistan.
Babar Khalid: MBA Student, UIMS-PMAS-Arid Agriculture University Rawalpindi, Pakistan.

Bulletin of Business and Economics (BBE), 2012, vol. 1, issue 2, 13-22

Abstract: This study was conducted and 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 stock brokers 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 for 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 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. (search for similar items in EconPapers)
Date: 2012
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