CORPORATE GOVERNANCE FROM THE PERSPECTIVE OF THE PAST AND THE PRESENT AND THE NEED TO FILL AN INTERNATIONAL GAPDownload This Article
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Corporate governance (CG) emerged many centuries ago, despite the debate on this subject and the widely-held view that it commenced in the 2000s. Thus, CG is not a new practice and over time it has become a precise system. In this study, the origins of CG are examined by the author in order to shed light on the underlying facts concerning the roots of this discipline and its history. By introducing such facts, it provides the background of the emergence of CG as clear principles and mechanisms. In the organizational sense, this study is considered important for both investors and organizations in applying the principles of CG and its mechanisms in all countries worldwide. The objective of this paper is to provide useful information to both researchers and practitioners in relation to CG including the fundamental principles and its history. This paper will present a solution to fill the gap in the literature concerning the relationship between CG and a firm’s performance in such instances when the results of examining such a relationship are found to be inconsistent. A number of factors have contributed to this author’s desire to research the relationship between a firm’s performance and CG and that includes the author’s experience and understanding of accounting over the years especially in the CG discipline, and also further to an in-depth literature review.
Keywords: History; Agency Theory, Corporate Governance, a Firm’s Performance, Non-Financial Measurements, Jordan
How to cite this paper: Yousif Alabdullah, T. (2016). Corporate governance from the perspective of the past and the present and the need to fill an international GAP. Risk governance & control: financial markets & institutions, 6(4), 96-101. https://doi.org/10.22495/rcgv6i4art12