CORPORATE GOVERNANCE AND FIRMS VALUE: THE IMPACT OF IFRS CONVERGENCE EVIDENCE FROM FOUR ASEAN COUNTRIES
DOI:
https://doi.org/10.25170/wpm.v14i1.3691Keywords:
corporate governance, firm value, convergence of IFRS, ASEANAbstract
This study investigate the impact of IFRS convergence on the relation between corporate governance and firm value. Using 324 public listed ASEAN company from 4 countries, we find evidence that convergence of IFRS significantly decreasing the positive relation of corporate governance and firm value. Low investor protection triggered company to implement corporrate governance mechanism. Therefore, increase of IFRS convergence among countries, play as subtitute for the relation.
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Published
2022-06-14
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