The presence of numerous definitions regarding the "Corporate Governance" is indicative of financial thinkers' care to this strategic area of financial literature. Through presenting techniques necessary for the leading and controlling organizations, and also with the strengthening of relations between stockholders and managers, reducing managers' immoral behaviors, preventing firms from breakup, increasing the transcendence of capital market, and also with the rise in the reliability of market mechanisms, Corporate Governance provides the ground for growth and development in capital markets. In spite of the numerous studies done in the developed countries in this area of financial literature, it seems that we are facing lack of applicable studies in the developing countries in general and in Iran in particular. Thus, the present article (through historical knowledge and library study) intends not only to present a theoretical framework for the Corporate Governance and the effect it has on the development of capital market, but also to support the research literature of the country with regard to this area of financial literature so that to provide a suitable tool for other researchers and decision makers in capital market.
کلید واژگان :Corporate Governance, Agency Theory, Capital Market
ارزش ریالی : 600000 ریال
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