CORPORATE GOVERNANCE AND FIRM PERFORMANCE
Good corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance. This paper...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitaria Press Craiova
2007-01-01
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| Series: | Management & Marketing |
| Subjects: | |
| Online Access: | http://www.mnmk.ro/documents/2007/2007-14.pdf |
| _version_ | 1811211745364017152 |
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| author | Claudiu George BOCEAN Cătălin M. BARBU |
| author_facet | Claudiu George BOCEAN Cătălin M. BARBU |
| author_sort | Claudiu George BOCEAN |
| collection | DOAJ |
| description | Good corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance. This paper sets out to further develop our understanding of corporate governance and its effects on corporate performance and economic performance. In doing so, it addresses some of the underlying factors that promote efficient corporate governance, and examines some of the economic implications associated with various corporate governance systems. I provide an framework for understanding how corporate governance can affect corporate performance. In the wake of a literature survey, I find that corporate governance matters for economic performance, insider ownership matters the most, outside ownership concentration destroys market value, direct ownership being superior to indirect. |
| first_indexed | 2024-04-12T05:17:16Z |
| format | Article |
| id | doaj.art-c678a06d7eb343fc8edbe1a085433795 |
| institution | Directory Open Access Journal |
| issn | 1841-2416 |
| language | English |
| last_indexed | 2024-04-12T05:17:16Z |
| publishDate | 2007-01-01 |
| publisher | Universitaria Press Craiova |
| record_format | Article |
| series | Management & Marketing |
| spelling | doaj.art-c678a06d7eb343fc8edbe1a0854337952022-12-22T03:46:35ZengUniversitaria Press CraiovaManagement & Marketing1841-24162007-01-011125131CORPORATE GOVERNANCE AND FIRM PERFORMANCEClaudiu George BOCEANCătălin M. BARBUGood corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance. This paper sets out to further develop our understanding of corporate governance and its effects on corporate performance and economic performance. In doing so, it addresses some of the underlying factors that promote efficient corporate governance, and examines some of the economic implications associated with various corporate governance systems. I provide an framework for understanding how corporate governance can affect corporate performance. In the wake of a literature survey, I find that corporate governance matters for economic performance, insider ownership matters the most, outside ownership concentration destroys market value, direct ownership being superior to indirect.http://www.mnmk.ro/documents/2007/2007-14.pdfcorporate governancecompany performance |
| spellingShingle | Claudiu George BOCEAN Cătălin M. BARBU CORPORATE GOVERNANCE AND FIRM PERFORMANCE Management & Marketing corporate governance company performance |
| title | CORPORATE GOVERNANCE AND FIRM PERFORMANCE |
| title_full | CORPORATE GOVERNANCE AND FIRM PERFORMANCE |
| title_fullStr | CORPORATE GOVERNANCE AND FIRM PERFORMANCE |
| title_full_unstemmed | CORPORATE GOVERNANCE AND FIRM PERFORMANCE |
| title_short | CORPORATE GOVERNANCE AND FIRM PERFORMANCE |
| title_sort | corporate governance and firm performance |
| topic | corporate governance company performance |
| url | http://www.mnmk.ro/documents/2007/2007-14.pdf |
| work_keys_str_mv | AT claudiugeorgebocean corporategovernanceandfirmperformance AT catalinmbarbu corporategovernanceandfirmperformance |