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Corporate governance and firms' value in Canada 2005-2010
Gabriela Monreal Vigo (author)Ajit Dayanandan (Thesis advisor)University of Northern British Columbia (Degree granting institution)
Master of Business Administration (MBA)
Number of pages in document: 45
The purpose of this paper is to examine the relationship between corporate governance and the value of 115 Canadian companies for the period of 2005-2010, using such indicator as corporate governance index (CGI). This index includes four sub-indices: board composition (BC), compensation policies (C), shareholders rights (SR), and disclosure policies (D). The index is based primarily on values given by the Globe and Mail's Report on Business (ROB) from various years and various measures of firms' performance. It also compares various profitability indicators and other parameters obtained from balance sheets, income statements and financial data from the OSIRIS database and S&P Capital IQ, among others. Overall, this study does not find a relationship between corporate governance and the various measure of a firm's value. --P. iii.
Corporate governance -- Canada.Corporations -- Valuation -- Canada.