School of Commerce and Accountancy

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https://escholar.umt.edu.pk/handle/123456789/1206

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Browsing School of Commerce and Accountancy by Subject "MS Thesis"

Now showing 1 - 4 of 4
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    The impact of auditor tenure on audit quality; evidence from Pakistan
    (University of Management and Technology Lahore, 2016) Malik, Zohair Farooq
    This study aims to examine the impact of auditor-client-relationship tenure on the quality of audit and whether the mandatory auditor-rotation will result in enhancement of audit quality. Discretionary accruals calculated with the help of Modified Jones Model 1991 are used as the proxy for audit quality. 121 companies related to non-financial sector of Pakistan listed in Pakistan Stock Exchange are selected after taking the data from year 2005 till year 2014. It is observed that the magnitude of discretionary accruals increases during the initial years of auditor-client-relationship tenure, reason being, the auditors are not equipped with required client-specific knowledge. Once the auditors acquire client-specific knowledge, the magnitude of discretionary accruals decreases, resulting in increase in audit quality. Based on the findings of this study, it is derived that the lengthy auditor-client-relationship tenure does not result in decrease in audit quality. Furthermore, the Big 4 audit firms acquire client-specific knowledge far more earlier as compared to other auditors (three years as compared to six years). The results of the study suggest that the regulators and standards setters in Pakistan should reconsider their policy regarding mandatory-auditor-client relationship tenure.
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    Impact of corporate social responsibility on financial performance: A case of KSE non-financial firms
    (UNIVERSITY OF MANAGEMENT AND TECHNOLOGY, 2015) Rasheed, Burhan
    Conventionally, the researchers in Pakistan indicated investment in Corporate Social Responsibility (CSR), and its impact on Corporate Financial Performance (CFP). Basically there are three methods: in first method CSR is measured by investment in CSR activities; second method is content analysis of CSR disclosure in financial reports. Third method is based on reputation index of firms regarding CSR, given by independent agencies. In Pakistan, there is not a single authority to give reputation index, so this method is not applicable in Pakistan. In this study first two methods are focused to examine the impact of corporate social responsibility on corporate financial performance of 70 public limited companies listed in Karachi Stock Exchange. But due to unavailability of data it limited to 50 non-financial firms for the time period of 2008-2013. Results of this study showed that CSR has positive impact on CFP. Investment in CSR has positive impact on both profits before tax and earnings per share. CSR disclosure also has positive impact on return on sales, return on equity and return on assets.
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    The Impact of the Corporate Governance’ Characteristics on Corporate Social Responsibility Disclosure Index of Islamic and conventional banks in Pakistan
    (University of Management and Technology, 2017) Parveen, Mariam
    This study focuses on analyzing the relationship between determinants of corporate governance framework and disclosure of corporate social responsibility among Islamic and conventional banks in Pakistan. This study tests a sample of annual data for the period of the 2009-2016 using regression analysis approach with other estimation techniques; such as descriptive statistics, correlation analysis and incremental regression analysis. It found significant findings in favor of hypothesis regarding CEO Duality, Profitability and Board Independence for both Islamic and conventional banks. With the help of this study analysis, an effort has been made to explore relationship between corporate governance and corporate social responsibility disclosure in Pakistani Islamic and Conventional banks. All the empirical findings concluded that determinants of corporate governance have significant influence on the reporting of corporate social responsibility between Islamic and Conventional banks in Pakistan. The findings of this study are beneficial for policy makers and other expertise to evaluate the current standards of corporate governance framework by considering the impact on corporate social responsibility disclosure among banking sector.
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    The post-merger performance of non-financial acquiring firms – An evidence from Pakistan
    (UNIVERSITY OF MANAGEMENT AND TECHNOLOGY, 2015) Malik, Muhammad Nauman
    This study highlights the importance of mergers and acquisitions as an inorganic growth strategy. The study examines the impact of mergers and acquisitions on the financial performance of 18 non-financial Pakistani companies involved in the M&A activity during 2008 and 2009. Data was collected from the annual reports of sample firms for a total period of six years (three years before the M&A event and three years after the event). This pre and post merger secondary data was compared by using profitability, liquidity and leverage measures. These measures included eight industry adjusted ratios calculated through Microsoft Excel. Correlation and Paired sample t-tests were applied on these accounting ratios with the help of Statistical Package for the Social Sciences (SPSS). This study is first of its nature in Pakistan to use industry adjusted accounting ratios with a significant large number of cases.