文章基本信息

标题：CORPORATE GOVERRNANCE AND CORPORATE SOCIAL RESPONSIBILITY
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作者：Zahra Mousavi
期刊名称：Arabian Journal of Business and Management Review
电子版ISSN：2223-5833
出版年度：2013
卷号：2
期号：8
出版社：Sohar University, Oman and American University of Kuwait
摘要：According to SEC (2003) an effective system of corporate governance provides the framwork with in which board , Management , stackeholders and other stakeholders address their respective responsibilities (Oghojafor et.al,2010) . It implies mechanisms to a ensure executives respect the rights and interests of cempany stackeholders , as well as guarantee that stakeholders act responsibilly with regard to the generation, protection and distribution of wealth invested in the film (Ayuilera et al. 2008). The impacts of an Effective Corporate Goverrnance on a firm as below : 1-Effective Corporate Goverrnance imposes a discipline on firm managers to maximize return to the firm. With the movement throughout the word toward the expansion of private sectors and the Creation of more Competitive Market economies, effective Systems of CG are Seen as Key variabie enabling Countries to derivereal economic benfits from these fundamental economic changes(Salacuse, 2002).2-It reduces the ''centrol right '' confrerred on Managers and increases the chances that Manager,s investment decisions enhance the Maximization of shareholders wealth (shleifer and vishny , 1997). This however, suggests that better Corporate Goverrnance firms have better operating performance (obiyo , lenee , 2011).3-An effective system of governance should helpensure compliance with applicable laws and regulations and further , allow companies to avoide costly litigation (Evans et.al,2004) . 4-From a Market Liquidity,enhanced Corporate Goverrnance generates an environment characterized by transparncy and fair rules of play that Motivates stakeholders to Continue providing funds Since they preceive an addequate Level of Compensation for the rick they bear. Thus, enhanced CG standards should Faciliate Market liquity (Brockman and chung, 2003).