DEVELOPMENT FINANCING AND ECONOMIC GOVERNANCE: ANALYSIS OF THE LIQUIDITY CRISIS AND CIRCULARITY DEBTS IN PAKISTAN

Dr.Muhammad Irfan Khan, Muhammad Ayub Mehar and Dr.Athar Iqbal ()
Additional contact information
Dr.Muhammad Irfan Khan: Iqra University Main Campus, Karachi
Dr.Athar Iqbal: Iqra University Main Campus, Karachi

IBT Journal of Business Studies (JBS), 2016, vol. 12, issue 2, 1-24

Abstract: Purpose This paper is based on the models derived by the researchers to explain the patterns of corporate governance, firms’ financial policies and liquidity position.Methodology A deductive approach has been adopted to reconcile and examine the different models of corporate governance and firms’ financial policies.Findings The study showed that corporate savings is a good predictor of the macro level investment in a country.The magnitude of national investment will increase by improvement in corporate savings.In fact the corporate savings indicate the expansion in business activities which may be an indicator of the trust and confidence of private sector.On the other hand it explains the financial health of corporate sector, which may provide the significant portion of tax revenue to the government for developing projects in public sector.The study has concluded that corporate governance is a significant variable in determining the liquidity and circularity debts.In this way corporate governance becomes a crucial determinant of the national investment.ImplicationsThe bad corporate governance may deteriorate the investment activities at national level, which may damage the economy for a longer term.This study also indicates that capital structure and the patterns of ownership play important role in the determination of corporate governance of an institution.

Keywords: no; keywords (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/12.2/1.pdf (application/pdf)

Related works:
Working Paper: Development Financing and Economic Governance: Analysis of the Liquidity Crisis and Circularity Debts in Pakistan (2016)
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:aib:ibtjbs:v:12:y:2016:i:2:p:1-24

DOI: 10.46745/ilma.ibtjbs.2016.122.1

Access Statistics for this article

More articles in IBT Journal of Business Studies (JBS) from Ilma University, Faculty of Management Science Contact information at EDIRC.
Bibliographic data for series maintained by Syed Kashif Rafi ().