Impact of Governance Mechanisms on Financial Accountability Transparency and Economic Performance in State-Owned Enterprises
DOI:
https://doi.org/10.14419/ahck0e96Keywords:
Governance Mechanisms; Financial Accountability; Economic PerformanceAbstract
This study examines the influence of governance mechanisms on financial accountability, transparency, and economic performance in State-Owned Enterprises (SOEs). The objective of the research is to analyze how governance practices, such as internal controls, audits, and independent board oversight, influence financial reporting and the performance of SOEs. This study employs a literature review methodology, drawing upon books, academic journals, and reports related to SOE governance. As a result, the findings are based on secondary sources, limiting the empirical originality of the study. The research reveals that while effective governance mechanisms enhance transparency and accountability, challenges such as weak enforcement and political interference impede full implementation. The study concludes that consistent enforcement of governance practices, independent audits, and strong board oversight are critical for improving the performance and transparency of SOEs.
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