Content Details | NUML Online Research Repository

Content Details

Back to Department Listing

Title IMPACT OF FINANCIAL REPORTING QUALITY ON INVESTMENT EFFECIENCY (A CASE STUDY OF CEMENT SECTOR OF PAKISTAN)

Author(s) Mian Waqar Laiq

Abstract ABSTRACT Title: Effect of Financial Reporting Quality on Investment Efficiency: A case study of cement sector of Pakistan. This study examines the effect of financial reporting quality on investment efficiency on the Cement sector firms in Pakistan. The Cement sector companies listed at Pakistan Stock Exchange were taken as population of the study. Since the total number of companies of Cement Sector is 22, therefore, the population of data has been taken as the sample for this research. Investment efficiency was taken as dependent variable whereas financial reporting quality used as independent variable and return on assets, annual cash holding and assets tangibility taken as control variables. Panel data were used to examine the relationship of financial reporting quality with investment efficiency. The findings of this study indicated: 1) Investigations reveal that there is positive significant relationship between financial reporting quality and investment efficiency 2) Financial reporting quality can enhance investment efficiency with regard to two ways: reducing asymmetry of information between the investors and company, and therefore, reducing the financing costs, and reducing asymmetries of information between managers and investors, and therefore, reducing the monitoring costs and enhancing project selection. Keywords: Financial Reporting Quality, Investment Efficiency, Return on Assets, Cash Holding, Assets Tangibility.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2020-05-20

Subject

Publisher

Contributor(s)

Format

Identifier

Source

Relation

Coverage

Rights