期刊名称：Journal of Systemics, Cybernetics and Informatics
印刷版ISSN：1690-4532
电子版ISSN：1690-4524
出版年度：2019
卷号：17
期号：2
页码：73-77
出版社：International Institute of Informatics and Cybernetics
摘要： The paper analyses relations and impacts between the corporate governance and the Firm Market Value and Firm Risk, including the financial performance in manufacturing industry companies. The empiric research was verified in 118 joint stock companies in the Czech Republic with over 250 employees according to the EU criterion. The data was acquired by empirical research in the Czech Republic, completed in 2012-2016. The aim of the paper is to propose a suitable model of Good Corporate Governance for unlisted Czech companies in the Czech Republic and to identify its impacts on the Firm Market Value, the Firm Risk and the Financial Performance. The methodology of research is based on modelling, using the structural equation modelling (SEM) for modelling the interrelationships and impacts between the GCG performance, the Firm Market Value, the Firm Risk and the Financial Performance. The empirical research has shown that responsible corporate governance has an impact on the Firm Market Value, both through the financial performance and through the stable risk. The investors are thus suggested that if good corporate governance and regulatory measures are introduced, thereby strengthening the corporate financial performance and the stable Firm Risk, then it will have a significant impact on the Firm Market Value.
