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An Interpretive Structural Model of Barriers in Implementing Corporate Governance (CG) in Pakistan

Author

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  • Abdul Aziz Khan Niazi

    (Assistant Professor,Institute of Business and Management,University of Engineering and Technology, Lahore, Punjab, Pakistan.)

  • Tehmina Fiaz Qazi

    (Assistant Professor, Institute of Business and Management,University of Engineering and Technology, Lahore, Punjab, Pakistan.)

  • Abdul Basit

    (Academics Head,``Lahore Institute of Science and Technology,Lahore, Punjab, Pakistan.)

Abstract

The purpose of this study is to structure a model of relationships among barriers in the implementation of CG in Pakistan. It also points out a key barrier in embarking on the regime of CG. The design of research consists of a literature review, data collection and analyses. Modeling methodology entails ISM coupled with MICMAC. Findings revealed that “lack of investigation about the rights of minority shareholders†is the most critical barrier since this occupies the bottom of the model. Whereas, barriers namely “basic shareholders rights are not often protected, minority shareholders rights are often violated, lack of autonomy on the part of the auditors and rules requiring equity ownership disclosure are not followed†are least critical since they occupy the top of the model. MICMAC analysis revealed that three barriers fall in the independent quadrant, six in the linkage, six independent and two in autonomous. This study is helpful to regulators and corporations to successfully embark on the regime of CG.

Suggested Citation

  • Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Abdul Basit, 2019. "An Interpretive Structural Model of Barriers in Implementing Corporate Governance (CG) in Pakistan," Global Regional Review, Humanity Only, vol. 4(1), pages 359-375, March.
    • Handle: RePEc:aaw:grrjrn:v:4:y:2019:i:1:p:359-375
    DOI: 10.31703/grr.2019(IV-I).39
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    References listed on IDEAS

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    Cited by:

    1. Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Maryam Aziz & Abdul Basit & Ifra Aziz Khan Niazi, 2023. "Using the Binary Matrices for Modeling the Supply Chain Issues of Virtual Shops: An Evidence from Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 548-564.
    2. Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Asna Sarwar & Ifra Aziz Khan Niazi & Abdul Basit, 2023. "A Structural Model of Hindrances to Switch from Traditional to Virtual Real Estate Marketing in Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 1-16.
    3. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Aqsa Mahmood & Abdul Basit & Ifra Aziz Khan Niazi, 2023. "An Analysis of the Determinants of Trust in Virtual Buying: An Interpretive Structural Modeling Approach," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 87-102.

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    More about this item

    Keywords

    Barriers; Corporate Governance; ISM; MICMAC; Pakistan; Shareholders;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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