Corporate Governance Mechanisms and Firm Performance: A Comparative Study of Emerging Markets

Abstract

A comparative analysis of corporate governance mechanisms and their impact on firm performance across emerging markets. Corporate governance plays a critical role in shaping the behavior of firms and influencing their ability to create long-term value for stakeholders. However, the effectiveness of governance mechanisms may vary across different economic contexts, particularly in emerging markets where regulatory environments and institutional frameworks are evolving. Drawing on a comprehensive dataset of firms from multiple emerging markets, we examine various governance mechanisms, including board structure, executive compensation, shareholder rights, and regulatory oversight. We analyze their association with key performance indicators such as profitability, growth, and market valuation, taking into account country-specific factors and regulatory environments.