Corporate Governance Indicators and Firm Value

CORPORATE GOVERNANCE PRACTICES
There are many definitions of corporate governance. Tricker (2000) defined it as “essentially the exercise of power over the modern corporation (large and small), holding company and subsidiary, listed and private.” In other words, Corporate Governance describes the process of decision-making and the process by which decisions are implemented (or not implemented) in a company. Hereby, private institutions conduct their affairs, manage resources, and guarantee the realization of peoples’ rights. Good governance accomplishes this in a manner essentially free of abuse and corruption, and with due regard to process, procedure and for the rule of law. [Read more…]