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Role of Corporate Governance to Restrict Tunneling Activities of Foreign Institutional Investors in the Pakistan Stock Market

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  • Tanvir Ahmed
  • Qaisar Ali Malik
  • Babar Zaheer Butt
  • Muhammad Aksar

Abstract

The research objective is to determine the curvilinear influence of trading of foreign institutional investors (FIIs) on the extent of tunneling, while corporate governance moderates this relationship. Data was gathered from 50 non-financial firms for 11 years (2009 to 2019) from the Securities and Exchange Commission of Pakistan. The generalized method of moments (GMM) was applied and results supported the objectives of this study. Involvement of FIIs may contribute to the enhancement of market discipline but may also create problems. Thus, policymakers require protecting the rights of minor shareholders against adverse influence.

Suggested Citation

  • Tanvir Ahmed & Qaisar Ali Malik & Babar Zaheer Butt & Muhammad Aksar, 2023. "Role of Corporate Governance to Restrict Tunneling Activities of Foreign Institutional Investors in the Pakistan Stock Market," The International Trade Journal, Taylor & Francis Journals, vol. 37(4), pages 389-400, July.
    • Handle: RePEc:taf:uitjxx:v:37:y:2023:i:4:p:389-400
    DOI: 10.1080/08853908.2022.2134947
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    Cited by:

    1. Memoona Manzoor Kiani & Shain Taj Raisani & Dr. Muhammad Nabeel & Shahan Zeb Khan & Kashif Lodhi, 2023. "Impact of International Trade and Globalization on Financial Markets: A Case of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 493-500.

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