Critical review of literature on corporate governance and the cost of capital:the value creation perspective

• Main Author: Ab. Rashid, Hafiz Majdi
• Format: Article
• Language: English
• Published: African Journal of Business Management 2010
• Subjects: HB Economic Theory; HD72 Economic growth, development, planning
• Online Access: http://irep.iium.edu.my/15486/1/Critical_review_of_literature_on_corporate_governance.pdf; http://irep.iium.edu.my/15486/; http://www.academicjournals.org/ajbm/abstracts/abstracts/abstracts2010/4Sept/Ramly%20and%20Rashid.htm

Corporate governance encompasses a broad spectrum of mechanisms intended to mitigate agency risk by increasing the monitoring of managements’ actions, limiting managers’ opportunistic behaviour, and improving the quality of firms’ information flows. A torrent of literature explains that corporate go...