Relationship between Corporate Governance and Market Value of Singapore Listed Companies.Author`s NameGrade CourseTutor`s NameDate Abstract This study aims at elaborating Corporate Governance (CG) together with investigation of trends in development of CG and its operation in Singapore. I have extracted a model from (SMU, 2009) to measure the quality of corporate governance practices of listed companies in Singapore. Corporate governance is a vital component in explaining the market value of companies listed in Singapore. This research has a basis on findings of the Revised OECD Principles of Corporate Governance (OECD, 2004) and the Best Practices Singapore code of corporate governance (SCCG, 2005). Information was used to construct an overall quality of Singapore corporate governance index (SCGI) for 400 listed companies during the year of 2007. These evidences exemplify that the companies` market value (market-to-book ratio, MTBV) and corporate performance (return on equity, ROE) reflect a positive and significantly associated with their SCGI. The outcome turns to be robust after controlling for firm characteristics, ownership structure and other corporate governance features. In this research, it is evident that the market value growth really exists, taking into account of financial fundamentals and market dynamics. In summary, this study implies strong evidence that companies with better corporate governance are associated with higher market value in Singapore.Contents TOC o "1-3" h z u  HYPERLINK l "_Toc295569798"
1.0 Introduction  PAGEREF _Toc295569798 h
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Objectives  PAGEREF _Toc295569799 h
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2.0. Background (Overview)  PAGEREF _Toc295569800 h
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2.1. Corporate Governance (CG) reform in Asian market  PAGEREF _Toc295569801 h
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3.0 Literature Review  PAGEREF _Toc295569802 h
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3.1 The Interaction of Different Governance Mechanisms  PAGEREF _Toc295569803 h
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3.2 The Relationship between Governance Mechanism and Firm Performance  PAGEREF _Toc295569804 h
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3.3. Endogeneity of Corporate Governance Mechanisms in Firm Valuation  PAGEREF _Toc295569805 h
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3.4 Corporate Governance Scorecard in Examining Stock return, Firm value and Performance  PAGEREF _Toc295569806 h
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4.0 Methodology and Data  PAGEREF _Toc295569807 h
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5.0 Results  PAGEREF _Toc295569808 h
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5.1 Descriptive statistics  PAGEREF _Toc295569809 h
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5.2 Regression results ….19 5.3 Analysis of variables............................................................................................................19 5...