logo

Professional Project - Impact of Corporate Governance | BUSN20019

11 Pages2872 Words87 Views
   

Central Queensland University

   

Professional Project (BUSN20019)

   

Added on  2020-03-07

About This Document

The preceding document discusses the Professional Project on the Impact of Corporate Governance. Corporate governance refers to the system or set of practices, customs, policies, laws, processes, and rules that direct and control businesses. The paper also covers some topics, such as financial performance & corporate governance as a dependent variable, and their methodologies and findings.

Professional Project - Impact of Corporate Governance | BUSN20019

   

Central Queensland University

   

Professional Project (BUSN20019)

   Added on 2020-03-07

ShareRelated Documents
Running head: PROJECT1Impacts of Corporate Governance in Financial Governance in Company Student NameInstitutiondate of submission
Professional Project - Impact of Corporate Governance | BUSN20019_1
PROJECT2Table of Contents1.introduction..............................................................................................................................31.1 background........................................................................................................................31.2 Definition..........................................................................................................................31.3 Justification.......................................................................................................................41.4 Aims..................................................................................................................................41.5 Research questions............................................................................................................42. Critical literature review.........................................................................................................52.1 Financial performance as dependent variable...................................................................52.1.1 Studies indicating negative relationship.....................................................................62.1.2 Studies indicating a positive relationship...................................................................62.1.3 Studies indicating a no significant relationship..........................................................62.2Corporate governance as dependent variable....................................................................73. Methodology...........................................................................................................................74. Findings...................................................................................................................................85. Discussion...............................................................................................................................86. Conclusion..............................................................................................................................97. References.............................................................................................................................10
Professional Project - Impact of Corporate Governance | BUSN20019_2
PROJECT31.introduction Corporate governance greatly affects the financial governance in a company. The corporate governance is a significant factor when making company's investment decisionscompany aboards, management terms and the stakeholders observe when they perform their responsibilities (Yates, 2010). A company that practices corporate governance achieves the desired results since accountability, integrity, and objectivity is practiced. Corporate governance includes the long-term management and the oversight of the company by principles of transparency and responsibility.When corporate governance is good, it provides a very transparent set of the rules and also controls in areas where stockholders, officers, and directors have aligned the incentives. Most of the companies strive to have a very high level of sound corporate governance for it to be profitable and perform significantly (Cheng, Ioannou, & Serafeim, 2014). Good corporate governance leads to economic development. This project discusses the impact that corporate governance has in the financial management of a company.1.1 background The corporate governance started in vogue in the 1970s in united states of America. Within a minimum of 25 years, the corporate governance had become a subject matter to debate on worldwide by regulators, executives academics, and the investors. Due to increasing company competition, the company has decided to have corporate governance on their board. This corporate governance has been accepted in law, politics and business practices for the companies benefit the corporate governance have been evolving in different ways in different countries in the world (Claessens, & Yurtoglu, 2013). It has created distinct systems in those countries, and it is relevant for the company to perform. As the primary purpose of corporate governance on improving the financial status of a company is enabled by good relations with the stakeholders of the company through sustainability. 1.2 Definition Corporate governance refers to the system or set of practises, customs, policies, laws, processes, and rules which the companies are directed and controlled. Corporate governance is the framework of the stipulations which describe the limits under which each of segment of the stake holders should operate
Professional Project - Impact of Corporate Governance | BUSN20019_3
PROJECT4and safeguard the company's interests. Also, aspects of corporate governance involve the balancing of company interests by the key stakeholders who include the customers, investors, financiers, management, suppliers, government, the society at large and shareholders (Jizi et al., 2014). The framework under which companies achieve their set objectives depends on the nature of corporate governance within the concerned enterprise; Financial management involves the aspect of cost and revenue ascertainment within an organization to ensure that every dollar is put to the appropriate use. The proper functioning of internal control systems within a company depends on the nature of corporate governance within an entity. 1.3 Justification The principle of corporate governance assists companies in creating the right quality of services as demanded by the clients. The provision of quality services improves the company's reputation to the target market, and this contributes to the improved productivity and profitability. Improved profits by a firm lead to the growth, development, and sustainability of a company in the industry under which it operates both in the short term and in the long run (Khan, Muttakin, & Siddiqui, 2013). This study will help in studying the effects of good corporate governance in the proper financial management andperformance of a company. This report helps in would address the impact of economic management asin the society.1.4 Aims The primary objective of this study is to examine and analyze the effects of corporate governance in the financial governance and performance of a company.1.5 Research questions To achieve the above objective, this report will be built on three research questions as a tool to examining the effects of corporate governance in a company's financial performance. Thy is:i.What are the impacts of corporate governance in the financial governance of a company?ii.Can companies achieve financial stability through good corporate governance?iii.How can a company use its finances in society development?
Professional Project - Impact of Corporate Governance | BUSN20019_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Corporate Governance
|9
|1848
|81

Corporate Governance and Ethics: Decent Work and Economic Growth
|14
|3624
|60

Importance of Corporate Governance and Brand Value for a Company
|13
|2518
|201

Corporate Governance and Firm Performance PDF
|15
|3229
|77

Corporate Governance and Good Practices for Financial Accounting | Desklib
|12
|2666
|285

Governance and Fraud TFS Case Study 2022
|12
|3253
|18