The Corporate Governance and Efficiency of Commercial Banks in Pakistan: Application of the Non-Parametric Approach

• Autorzy: Umer Iftikhar , Muhammad Jam-e-Kausar Ali Asghar , Hamad Khan , Hammad Hassan Mirza
• Języki publikacji: EN

Abstrakty

EN

This study examined the relationship of Corporate Governance (CG) on the efficiency of commercial banks listed on the Pakistan Stock Exchange (PSX) over the period from 2005 to 2014. The CG of commercial banks is measured with the composite CG index which is further subdivided into: board of directors, audit committee, disclosure and transparency, remuneration committee and shareholder's rights. The Data Envelopment Analysis (DEA) approach is used to measure the technical efficiency (TE) and cost efficiency (CE) whereas the Tobit regression model is used to investigate the relationship between CG and both efficiency scores. The results for the composite CG index suggest that there is a positive and significant relationship of CG with both TE and CE of commercial banks. Moreover, the sub-indices also validate our results as they were mostly found positively and significantly associated with both efficiencies.(original abstract)

Słowa kluczowe

EN

Corporate governance; Effectiveness; Cost effectiveness; Data Envelopment Analysis (DEA); Commercial banks

PL

Ład korporacyjny; Efektywność; Efektywność kosztowa; Metoda DEA (analiza obwiedni danych); Banki komercyjne

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2019
• Numer: nr 2 (43)
• Strony: 169--190

Twórcy

autor

Umer Iftikhar

• University of Sargodha, Bhakkar, Pakistan.

autor

Muhammad Jam-e-Kausar Ali Asghar

• University of South Asia, Lahore, Pakistan

autor

Hamad Khan

• University of South Asia, Lahore, Pakistan

autor

Hammad Hassan Mirza

• University of Sargodha, Sargodha, Pakistan

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Identyfikatory

DOI

10.15611/aoe.2019.2.07