Abstract
This research examines the mediating role of capital structure (CS)
between corporate governance (CG) and riskof cement firms listed on
Pakistan Stock Exchange from 2005-2014. CG is measured through
board independence, institutional ownership and audit committee,
whereas debt to equity isused to calculate CS, however,risk is
measured through interest coverage ratio. The collected data from the
annual reports of listedtwenty cement corporations was analyzed
through Pearson Correlation and Multiple Regression. The outcomes
revealedthat CS mediatesthe association between CG and risk. Firms
adhering code of CG, make optimal CS decision and minimize debt
level in CSwhich mitigate risk.
Mahboob Ullah, Haider Ali Malik, Arooj Zeb, Alam Rehman. (2019) Mediating Role of Capital Structure between Corporate Governance and Risk , Journal of Managerial Sciences, Volume 13, special.
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