Abstract: This paper aims to revisit the link between corporate governance, firm value, and firm performance by focusing on convergence, understood as the way that listed firms are adopting best practice in terms of corporate governance and the implications of this adoption not only in regard to firm performance but also firm value. A desktop review specifically, Systematic review was utilized. The study focused on listed firms both locally and internationally. We examine theoretical, conceptual and empirical review with an aim of unearthing nexus among these concepts from existing studies. We contribute to the empirical literature by using various studies to show how these concepts relate to each other. There is significant relationship between corporate governance and financial performance. Similarly, there is significant relationship between corporate governance and firm value. However, there were studies that examined nexus of firm value, financial performance and corporate governance. The study adds on the existing debate and widens stock of literature relating to roles of corporate governance in enhancing firm performance and maximizing firms’ value. It is substantially of essential policy makers, practitioners, to investors and other stakeholders who are interested with firm’s value in particular.
Keywords: Corporate Governance, Firm Performance, Firm Value, Listed Firms.
Title: CORPORATE GOVERNANCE, FIRM PERFORMANCE AND FIRM VALUE OF FIRMS LISTED IN NAIROBI STOCK EXCHANGE: A REVIEW OF EXISTING EMPIRICAL EVIDENCE
Author: Jastan Iminyi, Dr. Willis Otuya
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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