Abstract
This study intends to assess how corporate governance affects the financial distress in non-financial listed companies in Pakistan. Sample of 53 companies was obtained from non-financial institutes listed in Pakistani stock exchange. Regression analysis is used to estimate the impact of explanatory variables including size of board, composition of board, audit committee independence and duality of CEO on the financial distress. The findings show that size of board, composition of board and CEO duality has a positive impact on Z-score of Pakistani listed firms. This implies that better the corporate governance practices in companies, lower will be the financial distress and vice versa.
Ahmed Hassan Jamal, Syed Zulfiqar Ali Shah. (2017) The Impact of Corporate Governance on the Financial Distress: Evidence from Pakistani Listed Companies, Jinnah Business Review, Volume 5, Issue 2.
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