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Financial Structure in the Context of Corporate Governance

Author

Listed:
  • Visinescu Sorin Mihai

    (Academy of Economic Studies, Bucharest)

  • Micuda Ion-Dan

    (ā€˛Constantin Brancoveanuā€¯ University, Management Marketing in Economic Affairs Faculty, Pitesti)

Abstract

The company financing decision defines one of the most controversial areas of research in corporate finance theory. Identifying the optimal capital structure involves determinants of financing policy but also aspects that relate to corporate governance practices adopted by the firms. Studies of corporate governance focus on how corporate capital providers make sure that they gain from the investment in the company. Since managers are tempted to exploit weaknesses in the management contracts in order to increase their utility, the shareholders must carefully monitor them. The scope of the present research is to make a review on current corporate governance models and practices and also of their impact on firm financial structure. It also aims to develop links between the various financing sources and firm value, under the operation of corporate governance mechanisms

Suggested Citation

  • Visinescu Sorin Mihai & Micuda Ion-Dan, 2012. "Financial Structure in the Context of Corporate Governance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1745-1749, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1745-1749
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    More about this item

    Keywords

    corporate governance; financial structure;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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