The purpose of this study is to analyse the influence of corporate governance on the financial structure
of listed firms. The analysis is founded on the capital structure and agency theories. Corporate
governance literature indicates the existence of nonlinear relationships, and hence this research applies
multiple linear regression to a sample of 100 firms listed on the London Stock Exchange, corresponding
to a 3-year period. The results confirm the influence of corporate governance on the financial structure
of listed firms, and in particular, the nonlinear effect of the percentage of executive members of the
board.info:eu-repo/semantics/publishedVersio
