Analysis of The Relationship Between Good Corporate Governance and Financial Success Economy, Both Developed and Emerging.

Abstract

This study will examine the corporate governance systems of developing and developed nations and their influence on firm profitability, using an agency theory framework. The study's findings suggest that there are significant disparities in organizational effectiveness between developed and developing nations. There is a consensus among all parties that industrialized countries face unique challenges. The literature review encompasses an extensive collection of research from both well-established and emerging economies, offering a thorough analysis of this topic. An extensive investigation was conducted to determine the precise impact of various corporate governance frameworks on profitability. This analysis was built upon the existing body of accounting and finance studies. We have neglected to adequately consider the intricate interconnections between the many elements of the corporate governance structure and their potential impact on overall profitability. The goal of this study is to provide a thorough analysis that takes into account the total impact of various corporate governance issues on firm profitability. The objective of this study is to fill the current void. This research will enhance our understanding of both developed and developing economies.