Corporate Governance and Tobin's Q as a Measure of Organizational Performance
Abstract
This empirical study examines the relationship between corporate governance and organizational performance (OP), measured using Tobin's Q (TQ) in the context of an emerging economy for which, as yet, only a handful of studies have been conducted. We employ a system generalized method of moments approach controlling for endogeneity and test it on a newly created dataset comprising 324 listed firms in Pakistan. We find that board size, number of...
Paper Details
Title
Corporate Governance and Tobin's Q as a Measure of Organizational Performance
Published Date
Jul 27, 2017
Volume
29
Issue
1
Pages
171 - 190
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