THE VALUATION IMPACT OF FIRM-LEVEL CORPORATE GOVERNANCE MECHANISMS
THE VALUATION IMPACT OF FIRM-LEVEL CORPORATE GOVERNANCE MECHANISMS

Summary/Abstract: The main objective of this paper is to explore and describe the relationship between firm-level corporate governance and company valuation, the costs of the implementation of the corporate governance mechanisms, the impact of covenant violations on corporate behavior, and the economic importance of the valuation effect of corporate governance. My paper contributes to the literature by providing evidence on the key elements that enhance the board’s ability to effectively represent the interests of shareholders, the economic effect of corporate governance on firm value, and the value impact of CSR.

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