“…Good corporate governance can be helpful in the monitoring function so that management can make effective decisions (Shahid & Abbas, 2019). This effectiveness can be demonstrated by lower default risk (Ali, Liu, & Su, 2018), efficiency (Peng, Zhang, Zhong, & Li, 2021), and good performance (Li, Crook, Andreeva, & Tang, 2021;Peng et al, 2021;Uyar, Fernandes, & Kuzey, 2021). The application of good governance can create good corporate value through monitoring, information dissemination/production, investor recognition (Lehmann, 2019), and media coverage (Carlini, Cucinelli, Previtali, & Soana, 2020).…”