Corporate Governance: The Impacts On The Firm Value

Corporate governance is the most discussed topic by academicians and researchers to prove its importance in the business world through highlighting the advantages of employing corporate governance in firms. One of the essential advantages is the firm’s value, since it is considered as an important sign for the sustainable growth and summarizes the positive efforts achieved through best practices of corporate governance. In the Eastern Europe and Eastern Asia countries, the firms’ values are increased positively and even the macro-economy has achieved growth since firms assure certain practices of corporate governance such as disclosure to investors and monitors mechanisms besides others such as ethic codes.