EFFECT OF CORPORATE GOVERNANCE ON COST OF EQUITY BEFORE AND AFTER INTERNATIONAL FINANCIAL REPORTING STANDARD IMPLEMENTATION

The ability to compete berween companies at tire time of intercompany pmduaion efficiency is no longer a
differentiator, the determinant of competitiveness im:ludes the aspect of funding to be
one of the determinants of competitiveness. One of tire company's competiti1·eness capabilities is
determined by tlte capital cost or the discount rate used in evaluating a projectt. The higher the cost of copital will be the lower tire competitiveness of tire company. There are many factors that detennine the ctm of a company capital.