Open AccessDoes Voluntary Disclosure improve Firm Performance: Evidence from Pakistan
Author(s) -
Adnan Ahmad,
Charan Jeet Kaur,
Mohay Uddin Khan Khattak
Publication year - 2018
Publication title -
nice research journal
Language(s) - English
Resource type - Journals
eISSN - 2517-987X
pISSN - 2219-4282
DOI - 10.51239/nrjss.v0i0.72
Subject(s) - corporate governance , voluntary disclosure , business , accounting , return on assets , sample (material) , asset (computer security) , turnover , independence (probability theory) , monetary economics , finance , economics , profitability index , management , chemistry , statistics , computer security , chromatography , mathematics , computer science
This study investigated the influence of voluntary disclosure (VD) and Corporate Governance (CG) on firm performance in the non-financial sector of Pakistan. The sample size consists of 300 firm-year observations of a non-financial sector of Pakistan for the year 2002 to 2016. The results indicate that several elements of VD and CG mechanisms are important for better firm performance. The Board of Independence and disclosure of product information show a positive and significant impact on Earning per share and Return on Asset (ROA). However, CEO duality has a significant but negative association with firm performance. While board size and disclosure of future strategy show no effect on firm performance.