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Through a thorough comparative analysis, this paper explores the complex relationship between corporate governance and financial success across several economies. In order to determine the best governance arrangements that greatly improve a company's financial performance, the study carefully examines the relationships between various corporate governance practices and financial outcomes. Through the examination of data from several nations with disparate economic landscapes, the study offers factual proof highlighting the crucial function of strong corporate governance in enhancing shareholder value and accomplishing exceptional financial outcomes. Important conclusions show that depending on the state of the economy, different governance practices such as executive compensation, ownership concentration, board independence, and transparency have different effects on financial performance. The correlation between corporate governance and financial success is generally higher and more positive in developed economies with stricter regulatory frameworks. On the other hand, developing economies which are frequently distinguished by laxer regulatory supervision display a more complex relationship driven by difficulties with local government.
For investors, legislators, and corporate stakeholders, the findings have important ramifications that highlight the necessity of implementing strong corporate governance procedures that are customised to the unique regulatory and economic landscape of every nation. The report recommends that in order to improve financial results and generate long-term value for shareholders, businesses should use best practices and legislators should tighten governance structures.
"Corporate Governance and Financial Performance: A Comparative Analysis", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 6, page no.360 - 365, June-2024, Available :http://www.ijrti.org/papers/IJRTI2406048.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator