Corporate Governance and Performance - IMPACT OF CORPORATE...

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IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 1 Institution Corporate Governance and Firm Performance Student’s Name Instructor’s Name Course Number 14, February 2014
IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 2 Topic Chosen: Impact of Corporate Governance on Firm Performance The chosen research topic is the impact of corporate governance on firm performance. This topic was chosen because of the increased interests that have been expressed towards corporate governance. Due to the fall of businesses in 2008 and the prevalent business scandals, corporate governance has become an important organizational aspect.
IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 3 Abstract This research study focuses on the effect of corporate governance on organizational performance. In essence, it seeks to determine whether some of the aspects of corporate governance can affect the performance of the firm financially, socially and in terms of regulations. In particular, it considers the alignment of stakeholders' interests and sets out to determine whether this aspect affects the performance of the firm. After interviewing the respondents, it was indicated that the corporate governance has a crucial effect on the performance of a firm. In essence, corporate governance helps to align the interests of stakeholders by setting specific goals, using a hierarchical administration and offering incentives. In turn, the alignment of the stakeholders' interests increases teamwork, encourage collaboration and reduce the conflict. These three aspects are crucial since they increase the performance of the firm financially, socially and in terms of regulations. Keywords: Stakeholders, corporate governance, alignment of interests, organizational performance.
IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 4 Outline 1.0 Introduction 1.1 Background of the Study 1.2 Focus of the Study 1.3 Research Problem 1.4 Research Rationale 1.5 Scope of Research 1.6 Aims and Objectives 1.6.1 Aim 1.6.2 Objectives 1.7 Research Questions 1.8 Research Hypotheses 2.0 Literature Review 2.1 Corporate Governance 2.2 Alignment of Stakeholders’ Interests 2.3 Corporate Governance and Performance 3.0 Data and Methodology 3.1 Research Approach 3.2 Research Strategy 3.3 Source of Data 3.4 Time Schedule and Frequency 3.5 Population 3.6 Sample Size and Sampling
IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 5 3.7 Variables 3.8 Theoretical Models 3.9 Methodological Justification 3.91 Possible Limitations 4.0 Results 5.0 Conclusion
IMPACT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE 6 1.0 Introduction 1.1 Background of the Study In a nutshell, this research seeks to discuss how corporate governance affects firm performance with a special focus on alignment of stakeholders' interests. Essentially, corporate governance is the process by which the organization allocates different responsibilities and provides them with varying rights to facilitate daily operations (Aguilera & Jackson 2003). An organization has various stakeholders, including the managers, employees, creditors, customers, and shareholders among others (Augustine 2009). It incorporates the mechanisms that enable the

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