CG and Viable Corporate Debt

Ioannis Passas, Konstantina Ragazou, Panagiotis Giannopoulos and Paschalis Kagias

Chapter 7 in Governance and Financial Performance:Current Trends and Perspectives, 2023, pp 155-170 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter presents a basic level explanation about corporate debt and its viability. Also, it presents basic corporate governance types and their relationship with corporate debt and its manifestations worldwide.It is an indisputable fact that corporate governance is increasingly appearing on the world stage. How listed companies are controlled and managed has begun to concern the firm environment in its totality, such as the Board of Directors, senior executives, shareholders, employees and those who present a relative interest in that company. After the pressure of the collapse of many large companies, the supervisory authorities of almost all economies began to look for systems to deal with and solve the problems of protecting shareholders and creditors of stock exchange-listed companies. The main objective of corporate governance systems is the fully transparent and effective management of a company, which will maximize its financial value and protect shareholders and creditors. A large part of corporate governance concerns the financial viability of businesses, and that is where loans and corporate debts, in general, come in. Corporate debts in the modern economy have skyrocketed and are now determining the economic scene worldwide.

Keywords: Corporate Governance System; Agency Theory; Return on Assets; Stock Return; Firm Performance; Responsible Management and ESG (search for similar items in EconPapers)
JEL-codes: G3 G34 M14 M41 (search for similar items in EconPapers)
Date: 2023
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