期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：4
页码：1-11
语种：English
出版社：The DreamCatchers Group, LLC
摘要：The main objective of this study is how revised corporate governance codes (CGC) affects stock informativeness at the Pakistan stock exchange. The period that is selected for this study is from 2009 to 2019. The final sample comprises a total of 726 firms' years. The data is analyzed by using the generalized method of moment (GMM). This method is considered most efficient because it reduces the endogeneity concerns. The study's findings indicate that board independence and gender diversity positively and significantly affect idiosyncratic volatility. In comparison, chairman CEO duality and audit committee independence have split results with both proxies. However, revised governance codes have a significant and positive effect on stock informativness. Therefore, the results of this study are beneficial for companies and regulators.
