Corporate Governance and Financial Performance: A Meta-Analysis

The question of the influence of corporate governance on financial performance refers to the most vital topics of theory of the firm and corporate finance. The article is devoted to meta-analysis of empirical studies of the link between aggregate indicators of corporate governance quality and company’s financial performance. The study is based on the global sample of developed and developing countries data. Research results allow for assessment of true level and mechanisms of this interrelation with respect to legal, political, and economic environment.