The role of corporate governance mechanisms in reducing institutional costs
An exploratory study on a sample of economic institutions in the State of Blida, Algeria
Keywords:
Corporate governance, internal mechanisms of corporate governance, external mechanisms of corporate governance, cost reductionAbstract
This study aims to highlight the role played by the internal and external mechanisms of corporate governance in reducing costs, and to try to apply this to a sample of economic institutions in the state of Blida, through an exploratory study on a sample of 186 people representing: shareholders and owners, managers, heads of departments and sections, accountants and internal auditors in the sample institutions, in addition to a sample of certified accountants, experts and accountants, using the questionnaire tool, the descriptive analytical approach and the case study method. The study concluded that governance helps to reduce the cost of errors, deviations, manipulations, and defective production by limiting them in the future and avoiding the cost of correcting these errors.
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