3 - Eva Larasati (original) (raw)

the establishment of corporate governance is aimed to increase the wealth or owner through financial management function because every financial decision will influence other decision that impact their wealth firm's value. To achieve this aim, shareholders can delegate to management to improve shareholder value. The consequences is shareholder must monitor and control firm's performance because manager tend to behave opportunist. The mechanism that can minimize manager to act opportunistic are monitoring and bonding. On this research, monitoring mechanism can be related the increasing ownership structure.

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