The impact of corporate governance practice and transparency on debt management efficiency : an evidences on Irish listed firms

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Ali, Sayid
Issue Date
MSc International Accounting and Finance
Dublin Business School
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The purpose of this paper is to find the impact of corporate governance practices and transparency on debt management efficiency in the Irish context. This study is based on 35 companies listed in Irish Stock Exchange (ISE) for the period of 2009-2013. It involves a review on companies’ website, annual report and also self-designed structured transparency questionnaire. The researcher found a significant positive relationship between corporate governance practice and debt management efficiency. As for the relationship between transparency and debt management efficiency, the researcher found a significant negative relationship. Overall, the results provide an evidence that both transparency and corporate governance are important elements affecting the efficiency of debt management. Even though the result for corporate governance practice does impact the debt management in a positive way, corporate governance are needed to ensure the independence of both boards and management in managing the company. Author Keywords: Corporate governance practices, transparency, debt management