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Corporate governance
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Excerpt from Research Proposal:
Corporate governance
...... According to Ramirez (2007), implementing and sustaining good corporate governance practices is just good business sense because it provides corporations with a competitive advantage compared to corporations where good corporate governance practices are lacking. For instance, Ramirez notes that, good corporate governance will lead to superior outcomes, because if investors are confident that their reasonable expectations will be secured by law they will invest at a lower cost to entrepreneurs. Thus, investor protection is associated with higher economic growth (p. 313). Furthermore, this assertion is supported by a number of studies that have shown the direct relationship between good corporate governance practices and organizational profitability (Ramirez, 2007)
Despite the benefits that can accrue to SMEs that apply sound corporate governance practices (Shu-Acquaye, 2007), there remains a dearth of timely research concerning the need for good corporate governance practices by SMEs, a gap in the research that the proposed study intends to fill using the guiding research questions below......
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