Impact of Managerial Ownership on Financial Decisions: Evidence from Non-Financial Listed Companies PSX

This study aims to analyze the impact of managerial ownership of financial decisions and performance. Data were collected from Pakistan Stock Exchange of seventy non-financial managerial owned firms, from the period of 2009-2013. Asset tangibility, investment decision, liquidity and firm performance were taken as dependent variable whereas managerial ownership was independent variable. Regression models were applied to examine the coefficient of variable of interest. It was revealed that managerial ownership had positive and significant impact on asset tangibility and investment decisions, but it also showed no association between liquidity and managerial ownership whereas it also showed negative significant association between firm performance and managerial ownership. Managerial ownership founded suitable for the financial decision which only relates to tangible assets of firm.