FINANCING DECISION AND CORPORATE GOVERNANCE
ANDREI STANCULESCU; DAN NICOLAE IVANESCU; PETRE BREZEANU;
- Journal: INTERNATIONAL CONFERENCE Modern Approaches in Organisational Management and Economy 2011,volume 5,issue 1 November,pages569-572
- Subject: financial structure, financing decision, shareholder, manager, corporate governance, average weighted cost of capital, conflicts of interest.
- jel: jel:G32
This paper sustains the existence of a biunivocal link between a company’s financing decision and the corporate governance. On the one hand, the financing decision has an impact on corporate performance, which has been confirmed. According to the agency theory, the fina... View more