Abstract
This article examines relationships between governance characteristics and disclosure quality in an emerging economy of Pakistan. Regression analysis supports agency theory and shows that CEO duality is negatively related to disclosure quality, whereas ownership concentration and audit quality positively influence disclosure quality. This article also finds, through an interaction term in regression models, that ownership concentration becomes a negative influence on disclosure quality when firms have CEO duality. This study helps academicians and policymakers to understand how disclosure could be affected by corporate governance. Policymakers could apply the results to further promote good governance in Pakistan.
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We acknowledge helpful comments and suggestions from Editor Professor Michael G. Alles, Co-Editor Richard Leblanc and anonymous reviewers.
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2has been working as a Senior Instructor at the School of Management (SOM) since 1 July 2010. He obtained his PhD in Finance in 2009 from the University of Hawaii at Manoa, Hawaii, USA and an MBA in Finance in 2005 from Tulane University, USA.
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Nosheen, S., Chonglerttham, S. Impact of board leadership and audit quality on disclosure quality: Evidence from Pakistan. Int J Discl Gov 10, 311–327 (2013). https://doi.org/10.1057/jdg.2013.7
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DOI: https://doi.org/10.1057/jdg.2013.7