We examine how CEO's inside-debt based compensation incentives (pension benefits and other deferred compensation) influence firm's debt maturity structure. We examine this relationship in the context of the hypothesis that CEO's inside-debt based incentives exposes managers to similar kind of...

The motivation for this review paper comes from the growing interest of researchers in governance mechanisms in emerging markets where family and concentrated ownership structures are ubiquitous. Specifically, in this review, we summarize and synthesize hypotheses and findings from different...

This paper studies the impact of corporate ownership structure on firm performance. This paper tests whether policy intervention with respect to blockholding and higher managerial ownership is required in Pakistan. We hypothesize that market places expropriation premium on stocks of such firms...

In this paper, we use unique features of Pakistan's corporate environment to test information asymmetry and agency theories in explaining dividend smoothing behaviour of firms. Based on a sample of 150 non-financial firms listed at the Karachi Stock Exchange over the period of 1999 to 2012, we...