Corporate Governance: The Application Tool to Predict the Business Failures
Abstract
Corporate governance principle has played an important role in predicting the business
failure, because the concept of good corporate governance will result in value and value added
to the business and shareholders. Several previous studies attempt to find the relationship
between corporate governance mechanisms and firm’s performance. It was expected that
company with good performance will not be likely to go bankrupt. However, this article reviews
the compiled documents and studies in the past concerning corporate governance mechanisms
(board structure, board committees, and ownership) as application tool to predict business
failures.
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