code, top management, control environment, transparency and disclosure, rights of shareholders and stakeholders) on the … normative). The results also confirmed that there is no significant effect of t transparency and disclosure and the rights of …

. We conclude that the link between governance and firm performance is not linear and depends on the level of disclosure … about governance. Our results are useful for regulators and investors by emphasising the impact that disclosure of … governance information may have on firms' performance. Investors should therefore use the level of disclosure of governance …