Corporate Governance and Firm Performance: A Case Study of Textile Spinning Firms Listed at Karachi Stock Exchange (KSE)

This paper enlightens the antecedences triggered by the governance based mechanisms upon the performance of the listed firms at Karachi Stock Exchange (KSE). For this purpose, one of the heavily contributing industries of Pakistan, the textile spinning industry has been targeted. The firms indulged within the process of empirical estimation were listed at KSE for the period of 2009 to 2017. Sources of the data were annually audited financial statements published by firms, Balance Sheet Analysis (BSA) and Financial Statement Analysis (FSA) published by the State Bank of Pakistan (SBP). The framework of study undergone descriptive analytical reasoning followed by the panel data methodological approach, utilizing fixed effect methodological adaptations at major. The results deduced that the governance based mechanisms carved by the Securities and Exchange Commission of Pakistan (SECP), upon an aggregate level, affected positively and significantly the performance of listed firms

The Impact of Migration on Rural Poverty: The Case Study of District Faisalabad, Pakistan

Internal-migration is the process of displacement of people within a country, mostly for better employment. Pakistan is among those South-Asian countries who have high rate of internal-migration. Poverty is considered to be an important factor in this context. This study estimates the rural-household poverty in Pakistan's Faisalabad District and the impact of internal-migration on rural-household poverty. By using stratified random sampling technique, 180 respondents were selected and interviewed. Propensity Score Matching method was used to examine the causal effect of internal-migration on household-poverty level. Results reveal that the ATT estimates of 0.18 for poverty reduction which shows that the household participation in the internal-migration decreases the probability of poverty by 0.18 points, suggesting that internal-migration has a significant impact on poverty reduction among the rural-households. The study suggests the policy makers to focus on rural development and enhance labor productivity, so that internal-migration is discouraged, which will ultimately reduce poverty. Keywords: Internal-Migration, Rural-Poverty, Pakistan JEL Classifications: I320, J11, D310, D1