Corporate governance and firm performance: Evidence from political instability, political ideology, and corporate governance reforms in Pakistan

• DOI: 10.1111/ecpo.12303
• Publication Date: 2024-07-02T05:49:46Z
• Authors: Irfan Haider Shakri; Jaime Yong; Erwei Xiang
• Keywords: Sample (material); Scope (computer science); Political instability

Abstract We examine impact of corporate governance on firm performance following the implementation changes to Code Corporate Governance Pakistan in 2012. Our sample period from 2008 2022 include periods political instability and shifts Pakistan's landscape, providing an opportunity effectiveness mechanisms enhancing accounting‐ market‐based measures. find significant improvements attributed reforms regulatory framework surrounding practices particularly expanded scope composition boards audit committees. This led broader capabilities effective controls, thus improving investor confidence more so during ideology.