英语论文展示演讲稿

1、hello everyone！

Today I will introduce you a paper, which is called “Effects of corporate governance on capital structure: empirical evidence from Pakistan “

2、I will use the following four parts to introduce：Paper source Introduction of the author Outline of the paper and my summary

3、firstly paper source I got this paper from the Emerald reprints The world’s leading publisher of management research and the type of the paper is Research paper

纳迪姆阿麦的sheke

4、then we can have a simple knowledge of the two authors:Nadeem Ahmed Sheikh and 王宗军one is a Doctoral Degree Candidate in the School of Management, Hua zhong University of Science and Technology, Wuhan .the other is a Professor in this college

5. About the paper’s outline

Firstly the aim of this empirical study is to investigate whether corporate governance attributes affect capital structure choices of Pakistani firms

Then the Design of the paper is Multiple regression analysis

6、in order to have a good knowledge of the paper We can from the following three aspects to understand background Research design Conclusions

7、Background of corporate governance in Pakistan firms. In one word, it’s weak compared to other developed countries.

The attributes of the corporate governance are Board size outside directors Ownership concentration managerial ownership Director remuneration CEO duality

Background also includes ：Measures of corporate governance and their relation to capital structure

8、Research design

Firstly 1.Research methodology：it includes three aspects:Data Variables and Methodology Date: This study investigates the significant corporate governance attributes that may affect the capital structure of non-financial firms listed on the Karachi Stock Exchange Pakistan during 2004-2008. and the final sample set consists of 775 observations for 155 firms over a period of five years.

This study employed panel data methodology(面板数据方式) because sample contained data across firms and over time

9、this table is the Definition of variables. It includes three parts: dependent variables explanatory variables and Control variables

10. Dependent variables consist of total debt ratio and long-term debt ratio. This is a basic formula.

11、secondly：2. Empirical results

from this table we can see the average total debt ratio and long-term debt ratio for the sample of firms is 59.62 percent and 22.23 percent。And Pakistani firms tend to use more debt in their capital structure compared to other countries.

12、this table is the Yearly mean value of shareholding pattern

13、Here are some of regression analysis tables, Through the multiple regression analysis the paper gives the Conclusions

14、The results is as follows:

capital structure is Positively related to board size、outside directors and ownership concentration. That is to say:

a large board serve as a means to obtain support from external environment;

boards with more independent directors can take on more debt on favorable terms due to effective monitoring ;

Block holders have more ability than dispersed shareholders to force management to take those actions that maximize the shareholder wealth.

15、on the other hand, Capital structure is negative related to managerial ownership、director remuneration 、Profitability and liquidity.

16、in the end, I have a summary:

The results of the paper indicate that corporate governance attributes, in part, explicate the financing behavior of Pakistani firms

And, the empirical results of this study provide support to corporate managers in establishing an optimal capital structure, and to regulatory authorities for enacting laws and developing institutional support to make corporate governance mechanisms work more effectively in the country.

17、That's all, thank you for listen to me, if you are interested in this paper you can have a study after class

Thank you !