CORPORATE GOVERNANCE AND LEVERAGE DECISIONS OF  NEPALESE LISTED NON-FINANCIAL COMPANIES

LEKHAK, MANJU

CORPORATE GOVERNANCE AND LEVERAGE DECISIONS OF NEPALESE LISTED NON-FINANCIAL COMPANIES

Abstract

The importance of corporate governance in an organization has increased public interest in recent years. Nowadays organization should not only focus on profit but it also should emphasize on ethical dealing and incorporate best corporate governance practices. Even though several research has been conducted in this area before, the majority of the studies on corporate governance focuses on describing the business performance and factor. A detailed analysis of the literature shows that empirical research is concentrated on the effect of corporate governance on business performance. However, the connection between corporate governance and aspects of corporate finance like capital structure has not yet been thoroughly investigated.

Description

By managing corporate affairs, corporate governance generates value for shareholders. Corporate governance, which includes the structure of the board and its operating processes, refers to corporate decision-making and control. It is a network of connections between the management, board, shareholders, and stakeholders of an organization. With the ultimate goal of maximizing profitability and long-term shareholder value, corporate governance assists in controlling and managing a company's business operations.