PERSPECTIVES ON CORPORATE GOVERNANCE AND FIRM VALUATION IN AFRICA

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Mthuli Ncube

DOI:10.22495/cocv5i2c3p3

Abstract

This paper reviews aspects of corporate governance as it impacts on the valuation and performance of firms. We consider the theoretical framework for corporate governance as an internal regulation mechanism, on the basis of principal agent problems, incentive contracts, and asymmetric information. We also discuss present various corporate governance practices around world. The paper discusses the empirical evidence on how the quality of corporate governance practices impact on the valuation of a form and its general performance. Stylized facts on corporate governance practices in Africa and also presented.

Keywords: Corporate governance, Firm valuation, Anti-takeover, Internal and External Governance

How to cite this paper: Ncube, M. (2008). Perspectives on corporate governance and firm valuation in Africa. Corporate Ownership & Control, 5(2-3), 343-351. http://doi.org/10.22495/cocv5i2c3p3