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https://doi.org/10.2307/2491500

has been cited by the following article:

• TITLE: The Influence of Corporate Governance on Firms’ Market Value

  AUTHORS: Bolor Buren, Altan-Erdene Batbayar, Khishigbayar Lkhagvasuren

  KEYWORDS: Ohlson Valuation Model, Corporate Governance, Firm Value, Share Price, Mongolian Stock Exchange

  JOURNAL NAME: iBusiness, Vol.15 No.2, June 12, 2023

  ABSTRACT: This study investigates the impact of corporate governance indicators on firm value as substitutes for “other information” variables in the Ohlson valuation model. The study applies the Ohlson (1995) valuation model to analyze 61 companies listed on Classification 1 and 2 of the Mongolian Stock Exchange (MSE) during the period of 2007-2022. The corporate governance indicators considered in the study are the governance level, type of control, and shareholding structure. The empirical findings reveal the significant impact of these governance indicators on firm value, indicating that they can be useful substitutes for the “other information” variables in the Ohlson model. These results provide insights for policymakers and managers to enhance corporate governance practices in their firms, which can lead to increased firm value and better financial performance.