Two hypotheses about the role of ownership in corporate performance are presented. The first rests on the view that access to finance is the major problem to be solved by the firm through a system of corporate governance. Ownership is of interest because it affects the financing problem and the...

This paper discusses stakeholder wealth maximization as the ultimate objective of Corporate Governance. This study investigates the role of CG in minimizing the total risk on the firm and maximizing the wealth. At the end, paper intends to examine possibility of CG as a sorting variable for...