ABSTRACT. Scholarship about the connection between firm-level governance and firm market values in emerging markets, the relationship between investability, corporate governance and firm value, and the effect of the quality of corporate governance on a company’s value has increased and consolidated, especially in recent years. My aim in this paper is to examine the link between corporate governance, value, and firm performance, the relationship between firms’ operational performance and governance, and the sensitivity of the firm’s value to changes in risk factors. pp. 215–220
JEL Classification: G34, M14, L25


Keywords: corporate governance, value, firm performance, macroeconomic fluctuations 

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