In the first chapter the problems referring to the title of this paper and current reference points are mentioned. Berle/Means  scientific work about the difficulties with the separation of ownership and control in public corporations is regarded as the starting point of today?s Corporate Governance debate. Corporate Governance defines the regulative framework for the management and control of a company. Emanating from Great Britain Corporate Governance has gained in importance since the 1990ies. The central object of analysis referring to the topic of Corporate Governance is the corpora-tion, a shareholder and stakeholder perspective has to be differentiated. The second chapter is about the basics of the Corporate Governance and stakeholder literature. Furthermore the chosen access to and practice of these topics is discussed. Referring to Zingales  the theory and praxis of Corporate Finance, whereof Corporate Governance is a subarea, are deeply rooted in the underlying theory of the firm. The third chapter is about these theories in relation to the two perspectives of Corporate Governance. For each approach the potential conflicts, solutions to the central problems and (dis-)advantages of each firm perspective are discussed. The fourth chapter is about Corporate Finance. The aim is to connect the area of Corporate Governance with the subareas of corporate financing. After an overview of the traditional financing theories the focus lies on the implications of the stakeholder approach for the fi-nancing decision. A theoretical and empirical overview of the existing literature is given. The last chapter summarizes the main findings of this paper and gives a forecast for further re-search.