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

Author

Listed:
  • 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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    3. Yi Cai & Chunping Xia, 2018. "Interpretive Structural Analysis of Interrelationships among the Elements of Characteristic Agriculture Development in Chinese Rural Poverty Alleviation," Sustainability, MDPI, vol. 10(3), pages 1-19, March.
    4. Brickley, James A. & Zimmerman, Jerold L., 2010. "Corporate governance myths: Comments on Armstrong, Guay, and Weber," Journal of Accounting and Economics, Elsevier, vol. 50(2-3), pages 235-245, December.
    5. Aamir Firoz Shamsi & Rizwana Bashir & Iqbal Ahmed Panhwar, 2013. "Corporate Governance in Pakistan: An Empirical Study," Transnational Corporations Review, Ottawa United Learning Academy, vol. 5(3), pages 46-59, September.
    6. C. Vasanthakumar & S. Vinodh & K. Ramesh, 2016. "Application of interpretive structural modelling for analysis of factors influencing lean remanufacturing practices," International Journal of Production Research, Taylor & Francis Journals, vol. 54(24), pages 7439-7452, December.
    7. Melinda Vaughn & Lori Verstegen Ryan, 2006. "Corporate Governance in South Africa: a bellwether for the continent?," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(5), pages 504-512, September.
    8. Vishal Ashok Bhosale & Ravi Kant, 2016. "An integrated ISM fuzzy MICMAC approach for modelling the supply chain knowledge flow enablers," International Journal of Production Research, Taylor & Francis Journals, vol. 54(24), pages 7374-7399, December.
    9. Sushil, 2017. "Modified ISM/TISM Process with Simultaneous Transitivity Checks for Reducing Direct Pair Comparisons," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(4), pages 331-351, December.
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    Cited by:

    1. Kashif Abbass & Muhammad Asif & Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Abdul Basit & Faroq Abdulkarem Al-Muwaffaq Ahmed, 2022. "Understanding the interaction among enablers of quality enhancement of higher business education in Pakistan," PLOS ONE, Public Library of Science, vol. 17(5), pages 1-19, May.
    2. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Farwa Mirza & Abdul Basit & Madiha Saleem, 2023. "An Analysis of Post COVID-19 Scenario using Data Science in Digital Marketing," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 387-398.
    3. 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.
    4. 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.
    5. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Maryam Aziz & Abdul Basit, 2024. "Explicating the Causes of Frequent Floods in Pakistan: A Structural Modeling and Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1309-1320.
    6. 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.
    7. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Maryam Aziz & Abdul Basit, 2024. "Assessing the Severity of Consequences of Floods in Pakistan: Applying the ISM Modelling and MICMAC Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1321-1332.

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    JEL classification:

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

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