Corporate governance and finance company policy: a review of research
The results of research on these companies with developed capital markets show that the use of best practices of corporate governance, not only protects the interests of owners and creditors, but also allows you to obtain financing on more favorable terms. In emerging markets, due to information asymmetry, less developed legal system and the protection of investors corporate governance is very important as an effective way to solve different types of agency conflicts. The paper analyzes the research the relationship of corporate governance mechanisms and funding policies on the basis of the companies in both developed and developing capital markets. The results confirm that corporate governance has a significant impact on access to financing on more favorable terms, the choice of the level of debt and the speed of adaptation to the target capital structure.
Volume (Year): 6 (2015)
Issue (Month): ()
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