Does corporate governance lead to a change in the capital structure?

Abstract

The study investigates the relationship between corporate governance and capital structure of randomly selected 19 banks of Pakistan.The data was collected from financial statements issued by financial institution and multiple regression model was applied to find the relationship between the variables.Results show that there is no relationship between corporate governance and capital structure in the banking sector of Pakistan.Furthermore, our findings show that all independent variables are positively related with capital structure except ownership concentration which affects adversely to capital structure but overall there is an insignificant relationship between capital structure and corporate governance.

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