Influence of Corporate Governance, Ownership Structure and Financial Architecture on the Strategic Effectiveness of the Company
https://doi.org/10.25205/2542-0429-2023-23-4-136-149
Abstract
This study provides a comprehensive analysis of the complex relationship between corporate governance, ownership structure, financial structure and strategic performance of companies. Overall conclusions are determined based on a detailed review of existing research. The results highlight the importance of the independent audit committee, the separation of the roles of the chairman of the board of directors (BoD) and the CEO, the frequency of board meetings on company performance. In addition, the impact of the composition and size of the board of directors and corporate governance committees on various performance variables is analyzed. This study also highlights the need to consider multiple aspects in assessing company performance and establishes a U-shaped relationship between the share of company ownership by its managers or board members and strategic efficiency. Future research should continue to explore these aspects, taking into account different periods and stages of economic development, taking into account the specifics of developed and developing countries.
About the Author
N. A. Yakimov
Novosibirsk State University
Russian Federation
Russian Federation
Nikita A. Yakimov, Graduate Student, Faculty of Economics,
Novosibirsk .
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Review
For citations:
Yakimov N.A. Influence of Corporate Governance, Ownership Structure and Financial Architecture on the Strategic Effectiveness of the Company. World of Economics and Management. 2023;23(4):136-149. (In Russ.) https://doi.org/10.25205/2542-0429-2023-23-4-136-149
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