Role of Corporate Governance to Restrict Tunneling Activities of Foreign Institutional Investors in the Pakistan Stock Market

Tanvir Ahmed, Qaisar Ali Malik, Babar Zaheer Butt and Muhammad Aksar

The International Trade Journal, 2023, vol. 37, issue 4, 389-400

Abstract: The research objective is to determine the curvilinear influence of trading of foreign institutional investors (FIIs) on the extent of tunneling, while corporate governance moderates this relationship. Data was gathered from 50 non-financial firms for 11 years (2009 to 2019) from the Securities and Exchange Commission of Pakistan. The generalized method of moments (GMM) was applied and results supported the objectives of this study. Involvement of FIIs may contribute to the enhancement of market discipline but may also create problems. Thus, policymakers require protecting the rights of minor shareholders against adverse influence.

Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/08853908.2022.2134947 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:uitjxx:v:37:y:2023:i:4:p:389-400

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/uitj20

DOI: 10.1080/08853908.2022.2134947

Access Statistics for this article

The International Trade Journal is currently edited by George R. G. Clarke

More articles in The International Trade Journal from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().