Corporate governance and financial reporting quality: a comparative study

Purpose This paper aims to investigate the impact of corporate governance on financial reporting quality (FRQ) in Pakistan and UK. Design/methodology/approach In this paper, three accrual-based models are used analyse FRQ for a sample 1,550 firm-year observations, including 78 Pakistani firms 77 UK firms, period 2009–2018. Findings The analysis shows that board size has negative while foreign ownership positive firms. It also independence meetings frequency audit committee have impact. We make no such observation addition, gender diversity concentration negatively affect study makes Research limitations/implications Due study’s focus findings may not be generalizable other developed emerging economies. Practical implications provide valuable insight policymakers, regulators investors by suggesting composition both is weak. suggest attributes require regulatory increase FRQ. induces rethinking among policymakers calls fully independent committees. Originality/value To best authors’ knowledge, first research endeavour compare context an economy regarding contributes literature using measures comprehensive set attributes.