Abdul Ghofar, Sardar M. N. Islam
As good corporate governance is about ethical and proper business practices in all of the firm’s activities to improve investors’ confidence (Yong, 2009), business players are convinced that increasing a firm’s value is the ultimate objective of effective governance. There are many dimensions of effective governance, ranging from its effectiveness in generating the required rates of return for investors to ensuring that managers do not misuse investors’ funds (Kaen, 2005). However, the effectiveness of corporate governance cannot be fully understood without the knowledge of the factors that determine corporate governance structure and ultimately influence the effectiveness of corporate governance. © Springer International Publishing Switzerland 2015.
Brawijaya University, Malang, Indonesia; VISES, College of Business, Victoria University, Melbourne, Australia
