Journal articles on the topic 'Boards of directors – Vietnam'
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1
Nguyen, Thi Tuyet Mai, Elaine Evans, and Meiting Lu. "Perceptions of independent directors about their roles of and challenges on corporate boards." Asian Review of Accounting 27, no. 1 (February 4, 2019): 69–96. http://dx.doi.org/10.1108/ara-02-2017-0028.
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PurposeThe purpose of this paper is to examine the perceptions of independent directors in Vietnam about their roles and challenges when sitting on the boards of listed companies.Design/methodology/approachThe study uses mailed questionnaires to collect data. The authors sent surveys to 810 independent directors from 354 listed companies and received feedback from 170 respondents.FindingsThe authors examine several aspects of independent directors’ work on the board (such as the roles of and challenges for independent directors) as well as board environment (such as information provision or board interaction). Findings suggest that independent directors in Vietnam place more emphasis on their advisory role than their monitoring role. In addition, they also point out their challenges including information asymmetries and the influence of controlling shareholders. These challenges are significant and they prevent independent directors to properly execute their independent role on the board. These findings reflect the unique features of corporate governance in transition economies.Originality/valueThe authors contribute to the literature through providing an insightful view about the nature of the work performed by this type of director in a transition economy. The study is also one of the first studies to use a qualitative instrument to provide an explanation of how controlling shareholders influence independent directors on boards of directors.
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Thuy, Dr Phan Thi Thanh. "The Role of Supervisory Board in Corporate Governance in Vietnam: From Legal Regulations to Practice." Revista Gestão Inovação e Tecnologias 11, no. 4 (July 22, 2021): 2546–63. http://dx.doi.org/10.47059/revistageintec.v11i4.2300.
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Good corporate governance is always associated with an effective internal control system, which is expected to quickly forecast and detect the infringements of laws and the company's charters committed by the main corporate governance bodies like the board of directors, the general director, and provide timely advice on remedial solutions. Following this theory, since the adoption of the first Vietnamese company law in 1990, the supervisory board, a special body of Vietnamese corporate governance structure, has formed and become a traditionally internal control body in joint-stock companies (JSCs). However, supervisory boards seem not to promote their effectiveness as expected. Many major violations conducted by the board of directors and the CEO took place in large companies, where the supervisory boards did not detect or were complicit in these violations. Most recently, the trend of replacing supervisory boards with independent directors and audit committees has occurred in many public companies in Vietnam. This paradox raises questions about the ineffectiveness of supervisory boards and the reasons causing the situation. To find the answers, the article will focus on analyzing the role of the supervisory board in Vietnamese JSCs compared with international practices. Thereby, to find out the reasons for the limitations of supervisory boards in both legal provision and practice. To conclude the research, the article will make some suggestions for reforming the supervisory board so that this internal control body could bring its effectiveness.
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Vo Hong, Duc, and Huy Doan Bao. "Does Gender Diversity Improve Financial Firm's Performance? New Evidence using Two-Stage Least Squares Estimation and Instrument Variables." Journal of Asian Business and Economic Studies 22, no. 02 (April 1, 2015): 102–23. http://dx.doi.org/10.24311/jabes/2015.22.2.06.
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In this paper we examine whether a positive relationship exists between board’s gender diversity and financial firm’s performance. The study is conducted on a sample of US firms which provides us with as many as possible observations for various econometric techniques. Findings from our two-stage least squares estimation using the fraction of male directors on at least two boards as an instrumental variable show that higher proportions of female directors adversely affect firm value. We further test whether board diversity improves the performance of firms with otherwise weak governance. However, the results are not statistically significant. We also extend our model to the committee level, and our results show that increased representation of women in Audit and Nomination committees are likely to deteriorate the performance of the company as measured using Tobin’s q. The implication for Vietnam is that while a representation of female directors in a board of directors may improve firm’s performance as findings from Vo and Phan (2013) indicate, increasing a number of female directors may not be the case to improve financial firm’s performance.
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Tran, Quan, Dimitrios N. Koufopoulos, and Bernadette Warner. "The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises." Journal of Eastern European and Central Asian Research (JEECAR) 1, no. 1 (March 9, 2014): 12. http://dx.doi.org/10.15549/jeecar.v1i1.51.
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This paper presents several theories to achieve a better understanding of corporate governance structures and their operations in a two-tier-board corporate governance structure. The author also analyses transitional economies using the case of Vietnam. The author investigates the influence of independent directors upon the probability of CEO turnover as well as the sensitivity of the link between performance and turnover. The findings show that non-executive directors are not always independent. At the same time, independent directors have a vital role to play in making decisions concerning CEO dismissal. These directors also reduce the effects of CEO ownership and CEO duality upon the probability of CEO turnover. In summation, the research found that performance and CEO age constitute key factors in CEO turnover, regardless of the corporation or board size.
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Hoang, Hai Yen, Ngoc Vu, and Linh Nguyen. "Do female leaders influence bank profitability and bank stability? Evidence from Vietnamese banking sector." Economics and Business Letters 10, no. 3 (August 2, 2021): 262–73. http://dx.doi.org/10.17811/ebl.10.3.2021.262-273.
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A diverse board has been seen as an important factor contributing to the success andsustainability of a company. Therefore, policies to enhance the diversity of the boards havebeen implemented in many countries around the globe. However, previous findings on theimpact of female leaders on firm performance still remain inconclusive. Using a dataset of 20Vietnamese commercial banks over the period from 2013 to 2019, this paper examines whether the gender of the bank leaders such as CEOs or members of Management Team (MT), Board of Directors (BOD) have an impact on bank profitability and bank stability in Vietnam. Our findings suggest that banks with female CEOs tend to be more profitable and more stable than those with male CEOs. However, more women appointed to MT do not necessarily result in more profitable or more stable banks. More interestingly, the presence of women on banks’ board of directors implies lower profitability and more vulnerability for banks. Obtained findings imply important bank governance policies toward better performance and stability for commercial banks in Vietnam. Keywords: gender diversity; bank profitability; bank stability; female leadersJEL Classification Codes: G21, G32, M14, J16, J24
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Cho, Sangjun, and Chuneyoung Chung. "Board Characteristics and Earnings Management: Evidence from the Vietnamese Market." Journal of Risk and Financial Management 15, no. 9 (September 5, 2022): 395. http://dx.doi.org/10.3390/jrfm15090395.
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This study empirically analyzes the relationship between Vietnamese firms’ earnings management, board characteristics, and ownership structures. I use board size and the proportion of outside directors to reflect board characteristics, and the ownership percentages of the board of directors, outside directors, and the chief executive officer (CEO) to reflect the ownership structures. I use discretionary accruals, measured by the modified Jones model, to proxy for earnings management. From analyzing firms listed on the Ho Chi Minh and Hanoi Stock Exchanges from 2012 to 2017, I find that board size and the ownership percentages of outside directors and CEOs are negatively related to earnings management, whereas the board of directors’ ownership percentage is positively related. The proportion of outside directors is not significantly associated with earnings management. This study provides policy insights for improving Vietnamese firms’ financial transparency. Specifically, corporate laws regulating board composition should be enacted to ensure that all firms meet a minimum number of board members. Moreover, a policy mandating boards to include independent outside directors is necessary, as establishing an independent outside director system within Vietnam’s corporate law can strengthen the sustainability of the board of directors.
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Ngo, My Tran, Anh Thu Ha, Le Thu Trang Ho, and Kim Hanh Nguyen. "Board characteristics and dividend payout ratios: Empirical evidence from the Vietnam Stock Exchange." Ministry of Science and Technology, Vietnam 64, no. 2 (August 15, 2022): 13–23. http://dx.doi.org/10.31276/vmostjossh.64(2).13-23.
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This study was conducted to investigate the impact level of board characteristics on the dividend payout ratio of firms listed on the Vietnam Stock Exchange. Data were collected from 321 listed firms during the period of 2014 to 2019. The results of the generalised least squares (GLS) method show that board ownership has a negative impact on the dividend payout ratio. In addition, the findings also support agency theory on the negative relationship of chief executive officer duality and dividend payout ratio. Besides, the proportion of female members was also found to have a negative effect on dividend payout ratios of listed firms. Based on these findings, some recommendations are proposed for listed firms such as i) consider regulations on the share ownership level of members of the board of directors, ii) separate the two positions of chairman and chief executive officer, and iii) consider a reasonable board of director structure when deciding to increase the number of female members on the board of directors.
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Phuong, Nguyen Thi Thanh, and Dang Ngoc Hung. "Impact of Corporate Governance on Corporate Value: Research in Vietnam." Research in World Economy 11, no. 1 (March 9, 2020): 161. http://dx.doi.org/10.5430/rwe.v11n1p161.
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The paper examines the impact of corporate governance (CG) on firm value (FV) of enterprises in Vietnam. We consider the GC issue from the individual aspects of each member of the Board of Directors (BOD). The research uses GLS regression model, data collected at energy enterprises listed on the stock market in Vietnam during the period 2008 - 2018, with 2937 observations. The research results have found that the size of the BOD has a direct impact on FV, while it is interesting that the Board of Directors' independence has a direct impact on FV when measured by market value, but is in an inverse relation with FV if measured at book value. In addition, BOD chairperson cum CEO has an inverse impact on FV and female BOD members do not have an impact on FV. Further, the research results also prove that an enterprise’s size is directly related with its value, whereas financial leverage is inversely related with the enterprise’s value. Empirical research results serve as a useful basis for enterprises to increase their value, thus enabling the consideration of factors of the board of director at each enterprise.
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Thinh, Tran Quoc, Dang Anh Tuan, and Le Xuan Thuy. "The impact of corporate governance on the disclosure level in the interim financial reporting: An empirical study of Vietnamese commercial banks." Banks and Bank Systems 16, no. 1 (February 3, 2021): 27–35. http://dx.doi.org/10.21511/bbs.16(1).2021.03.
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The disclosure level in the interim financial reporting is important to users when making business decisions. Useful information from interim financial reporting ensures timeliness and flexibility of business operations. Information disclosures that ensure completeness will enhance the quality of information for users. The paper aims to examine the factors of corporate governance that affect the disclosure level in interim financial reporting of Vietnamese commercial banks. To test the model, ordinary least squares (OLS) are used. For the data of this study, 286 samples of 30 commercial banks were studied and time series data were used for 10 years from 2010 to 2019. The results show that there are two factors that positively influence the disclosure level in interim financial reporting, such as the Board size and foreign Board members. Thus, the paper offers some policy recommendations for the Central bank of Vietnam and Boards of directors of commercial banks, as well as investors to improve disclosure in interim financial reporting.
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Phuong, Nguyen Thi Thanh, and Dang Ngoc Hung. "Board of Directors and Financial Reporting Quality in Vietnam Listed Companies." International Journal of Financial Research 11, no. 4 (July 7, 2020): 296. http://dx.doi.org/10.5430/ijfr.v11n4p296.
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This article studies the impact of the Board of Directors (BOD) on financial reporting quality (FRQ) in Vietnam listed companies. The research uses FEM, REM and GLS regression models, data collected at energy enterprises listed on the stock market in Vietnam from 2010 - 2018, with 2162 observations. The research results have found that the BOD size, BOD independence, BOD chairperson cum CEO has a positive impact on FRQ while BOD meeting frequency has a negative impact on FRQ. In addition, the audit quality, the ratio of liabilities has a positive impact on FRQ while company size has a negative impact on FRQ. Further, the percentage of female BOD members does not have an impact on FRQ. Empirical research results serve as a useful basis for enterprises to improve FRQ by considering of factors of the board of director in a more effective manner.
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Bace, Edward. "Vietnamese Commercial Banks and Corporate Governance." Summer 4, no. 2 (July 31, 2019): 73–81. http://dx.doi.org/10.35609/jfbr.2019.4.2(4).
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Objective – Corporate governance is a focus of bank managers and stakeholders, especially after the financial crisis. Contributing to firm and bank difficulties is weakness in managing internally and externally, making governance critical; even more so for banks which play a central role in the economy, allocating capital, lowering risk for businesses and individuals, and ensuring stability and sustainability. Bank failures in the crisis (2008-2016) highlighted governance and risk in developed nations and in developing ones, such as Vietnam. This paper studies governance in bank performance and risk, using theoretical frameworks and empirical study. Methodology – Fundamental governance is reviewed, for banks in particular, in two widely used frameworks. Prior research relates bank performance (share return and return on assets, ROA), risk (capital adequacy ratio, CAR) and governance (board size, BS; number of committees, NC; independent directors to total, NID). Findings – As our models show, NC and NID relate positively to bank performance. CAR has a positive link to governance. Novelty – Our recommendation is that banks in Vietnam must have effective boards to boost performance. Type of Paper: Empirical. Keywords: governance; banking; crises; Vietnam; performance Reference to this paper should be made as follows: E. Bace. 2019. Vietnamese Commercial Banks and Corporate Governance, J. Fin. Bank. Review 4 (2): 73–81 https://doi.org/10.35609/jfbr.2019.4.2(4) JEL Classification: M14; D21; G21; G34
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Hai, Lien Dang Phuoc. "A comparison of Japan and Vietnam legal approaches to derivative suit." Science & Technology Development Journal - Economics - Law and Management 4, no. 2 (June 21, 2020): First. http://dx.doi.org/10.32508/stdjelm.v4i2.626.
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Derivative suits are claims brought by a shareholder or a group of shareholders on behalf of the company to redress for wrongdoings of the directors when those in the company’s control refuse to assert a claim usually because of a conflict of interest. The derivative suit is not only to seek recovery of damages by a plaintiff shareholder but also serves as a further threatening tool that can be a possible deterrent to the neglect of duties by directors and other officers of the company [9]. In Vietnam, the derivative suit mechanism was first adopted by Vietnamese corporate law since Decree No. 102/2010/ND-CP (Decree 102) under the term “Shareholder’s right to sue members of the Board of Management and/or Director (General Director)”, rather than “derivative suit”. The regulatory framework for derivative suits has since been revised and contemplated under the latest Law on Enterprises of Vietnam, which was passed by the National Assembly in 2014. Under this scheme, a shareholder or a group of shareholders holding at least one percent (1%) of the total number of ordinary shares in a Joint Stock Company (JSC) for six consecutive months may bring a lawsuit on behalf of the company against the directors who breach their duties. Still, the practicability and usability of this derivative suit mechanism seem questionable because of a plethora of defects and shortcomings in the statutory derivative suit along with the lack of interest in litigation on the part of shareholders. This article undertakes the analytical review of the substance of the statutory derivative suit in Vietnam and Japan and from the comparison between the two systems, provides recommendations to improve the Vietnamese legislation.
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Nguyen, Minh Hoang, and Hien Thu Nguyen. "Responsibilities of board of directors and enterprise efficiency in Vietnam stock market." Science and Technology Development Journal 17, no. 1 (March 31, 2014): 74–87. http://dx.doi.org/10.32508/stdj.v17i1.1261.
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Board of Directors and the Supervisory Board play an important role in the activities of the firm, because they influence the operational efficiency as well as the development orientation of the business. The study was conducted to survey the impact of the responsibilities of the board and the supervisory board on the effectiveness of listed companies on the stock market. A set of data consisting of 200 firms with the largest market capitalization on the stock market in 2011 has been obtained. The study results showed the correlation between the responsibilities of the Board and the Supervisory Board and the performance of the firm. The study also looked at the influence of industry factors on the relationship between the responsibilities of the board and the supervisory board and the performance of the business. The results showed that there is evidence to conclude the impact of industry factors on the relationship between the responsibilities of the Board and the Supervisory Board on firm performance.
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Huu Nguyen, Anh, Duong Thuy Doan, and Linh Ha Nguyen. "Corporate Governance and Agency Cost: Empirical Evidence from Vietnam." Journal of Risk and Financial Management 13, no. 5 (May 20, 2020): 103. http://dx.doi.org/10.3390/jrfm13050103.
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This study examines the impact of corporate governance, reflecting a wide spectrum of board characteristics and ownership structure on agency costs in 281 listed companies on Ho Chi Minh Stock Exchange (HOSE) in Vietnam in the period 2013–2018. For this purpose, three board characteristics were chosen: (1) the size of board of directors, (2) equilibrium between non-executive and executive members of the board of directors, (3) the CEO chair duality and three types of ownership structures were chosen: (1) management ownership, (2) government ownership, (3) foreign ownership. An inverse proxy of agency costs is used: asset utilization ratio (asset turnover), which reflects the managerial efficiency. The research methodology includes three statistical approaches: Ordinary least squares (OLS), fixed effects model (FEM) and random effects model (REM) are considered to employ to address econometric issues and to improve the accuracy of the regression coefficients. The results can create effective corporate governance mechanisms in controlling the managerial opportunistic behavior to lower agency conflicts, and hence lower agency costs.
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To, Anh, Quoc Tran, Thi Tran, Kim Thai, and Thi Ho. "The monitoring role of nonexecutive directors in Vietnam from a return-volatility perspective." Ekonomski anali 65, no. 224 (2020): 29–51. http://dx.doi.org/10.2298/eka2024029t.
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This study examines the relevance of board independence to stock return volatility for a sample of 160 companies listed on the Vietnamese stock market over ten years (2008-2017). After controlling for potential endogeneity, we find that the presence of non-executive directors on the board tends to increase firm risk. The results indicate that non-executive directors do not play a supervisory role under the agency theory. Our findings remain robust when we apply alternative measures of the dependent variable.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
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The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
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The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.
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Xuan Hong Nguyen, Thi, and Hung Ngoc Dang. "Impact of corporate governance and ownership on business performance: A case study of Vietnam." Problems and Perspectives in Management 20, no. 2 (April 26, 2022): 96–106. http://dx.doi.org/10.21511/ppm.20(2).2022.09.
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The study is conducted to investigate the impact of corporate governance and ownership on business performance in listed firms on the Vietnamese Stock Exchange. The study employed the general regression method (GLS) with a sample of 506 listed firms in the period 2008–2020. The study demonstrated the impacts of corporate governance and ownership on firm performance. First, the size of the Board of Directors (BOD), state ownership, and foreign ownership have a positive impact on firm performance. On the contrary, the ratio of independent members in the BOD and the percentage of members of the BOD who are major shareholders have a negative impact on firm performance. An interesting finding is that the BOD with female members, the duality of director and chairman, and the ratio of independent members have a negative impact on the Board of Management. In contrast, firms with no female members in the BOD have a positive relationship with firm performance. The empirical results and recommendations in this study might be good instructions for firms to improve their firm performance.
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et al., Le. "The influence of female leadership on the cash holdings of listed companies in Vietnam." International Journal of ADVANCED AND APPLIED SCIENCES 9, no. 8 (August 2022): 55–64. http://dx.doi.org/10.21833/ijaas.2022.08.007.
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This study examines the relationship between female leadership factors and the cash holdings of Vietnamese companies. The random effects regression model (REM) is used with panel data from the financial statements of 174 companies listed on the Ho Chi Minh Stock Exchange in the period 2013-2020. Besides control variables, factors related to female leadership including the female CEO, the percentage of women on the board of executives, the female chairman, the percentage of women on the board of directors, and duality are included in the research model with the expectation of having a positive effect on cash holdings. The estimation results show that companies with female executives hold more cash and maintain lower levels of financial leverage than companies with male executives. Female executives will increase profitability and reduce the risk to the company. The influence level of the female on the Board of Directors on the company's cash holdings depends on the characteristics of each company. Besides, the results also show that net working capital, cash flow, ROA, and dividend payment have a positive correlation with the cash holdings of the company. Listed companies should pay attention to two factors: the proportion of women on the Board of Directors and female executives in order to diversify gender in the leadership and improve the ability to decide on financial strategies.
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Loan, Kim Thi Vo, and Hoang Pham An. "THE IMPACT OF BOARD OF DIRECTORS’ STRUCTURE ON BANK PERFORMANCE IN VIETNAM." Экономика и социум, no. 6-1 (2021): 164–71. http://dx.doi.org/10.46566/2225-1545_2021_1_85_160.
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Tran, Quoc Trung. "Ownership structure and demand for independent directors: evidence from an emerging market." Journal of Economics and Development 22, no. 2 (May 13, 2020): 335–42. http://dx.doi.org/10.1108/jed-03-2020-0022.
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PurposeIn this study, we examine how ownership structure affects the use of independent directors in Vietnam – an emerging stock market.Design/methodology/approachWe develop logit and tobit regression models to investigate the effects of ownership structure on the propensity to use independent directors and the number of independent directors on the board, respectively. Insider ownership and the use of independent directors are proposed to have a non-linear relationship.FindingsWith a sample of 1,318 observations collected from 192 listed firms over the period from 2008 to 2017, we find that insider ownership and independent director appointment have a U-shaped relationship. It is positive when insiders hold a small proportion of shares, and turns out to be negative when insiders hold a large percentage of shares. In addition, both state ownership and foreign ownership are negatively related to firm decisions of appointing independent directors.Practical implicationsOur findings imply that minority shareholders should have appropriate actions to reduce agency costs and protect their own interests. In addition, policymakers should improve the effectiveness of corporate governance legislation to increase the presence of independent directors in order to protect minority shareholders. Moreover, government agencies also need to increase the number of independent directors in state-controlled firms as a means to improve their corporate governance. Foreign investors may be a substitute for independent directors; therefore, firms without independent directors are able to improve their corporate governance by attracting foreign investors.Originality/valueWhile the extant literature shows that independent directors can help firms decrease agency costs of equity in financial decisions and performance, there are relatively few studies investigating corporate decisions to use independent directors. This paper contributes to the literature of corporate governance mechanisms through independent directors in emerging markets.
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VÕ HỒNG, ĐỨC, and THỦY PHAN BÙI GIA. "Corporate Governance and Firm’s Performance: Empirical Evidence from Vietnam." Journal of Asian Business and Economic Studies 218 (October 1, 2013): 62–78. http://dx.doi.org/10.24311/jabes/2013.218.08.
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This empirical study, the first of its kind, seeks to quantify the relationship between corporate governance and the performance of firms in Vietnam. The authors undertook an intensive review of literature to identify a range of elements that contribute to overall corporate governance. In this study, corporate governance is considered to consist of the following elements: (i) the size of the board; (ii) the presence of female board members; (iii) the duality of the CEO; (iv) the education level of board members; (v) the working experience of the board; (vi) the presence of independent (outside) directors; (vii) the compensation of the board; (viii) the ownership of the board; and (ix) block holders. Employing the Feasible Generalized Least Squares (FGLS) technique on 77 listed firms trading over the period from 2006 to 2011, this study finds that elements of corporate governance such as the presence of female board members, the duality of the CEO, the working experience of board members, and the compensation of board members have positive effects on the performance of firms, as measured by the return on asset (ROA), while board size produces negative ones. The results also show that ownership of board members has a non-linear relationship with firm?s performance.
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Baharudin, Dayana Mastura, and Maran Marimuthu. "Determinants of Intelligent Energy Implementation Towards Firm Performance: A Conceptual Framework Moderated by Board Gender Diversity and Board Sustainability Committee." Business and Management Horizons 9, no. 1 (June 23, 2021): 59. http://dx.doi.org/10.5296/bmh.v9i1.18687.
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This study examines the impact of Intelligent Energy assessed by seven criteria to be followed by Malaysia’s listed companies (PLCs), regulated by Bursa Malaysia which are regulated by the Malaysian Corporate Governance Code 2017 (MCCG 2017)—30 percent Women Boards of Directors as well as by the existence of the Board Sustainability Committee which have not been endorsed by the MCCG 2017. In order to explore the reporting of the seven criteria of intelligent energy amongst Malaysian oil and gas public listed companies, in terms of gender-based and sustainability-based, it follows the methodology of descriptive statistics, regression analysis and content analysis derived from previous studies and the analysis of annual reports and integrated reports. This research provides a thorough analysis of present study breakthroughs in the worldwide oil and gas industry’s Integrated Operations. The 30 percent moderation factor Female Board members, as per the Malaysian Code of Corporate Governance 2017 (MCCG, 2017), would be assessed to see whether having an increased representation of women would encourage the implementation of the seven criteria of Intelligent Energy, as well as the moderation factor of the Board Sustainability Committee, which has not yet been made recommended practice by MCCG 2017, would be a driving force towards intelligent energy within the Malaysian oil and gas industry. Other than the Malaysian oil and gas sector, the Intelligent Energy scoring index might be used to other oil and gas PLCs in the ASEAN area, such as Vietnam and Myanmar, which have growing oil and gas resources.
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Su Dinh, Thanh, Nguyen Doan Vu, and Trung Bui Thanh. "Corporate Restructuring in Vietnam: An Analysis of Asset Restructuring." Journal of Asian Business and Economic Studies 23, no. 03 (July 1, 2016): 02–35. http://dx.doi.org/10.24311/jabes/2016.23.3.04.
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Corporate restructuring is likely to be approached from various aspects. In this paper and in the context of Vietnam, it is inspected via asset restructuring. Using both financial and non-financial indicators of 226 listed firms on Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over the 2007–2014 period, this paper investigates: (i) the determinants of corporate restructuring in Vietnam; and (ii) the effects of corporate restructuring on corporate performance. Empirical findings show that: (i) the fact that an enterprise conducts its restructuring plans primarily depends on its performance, and ownership concentration has a negative impact on the process of restructuring; (ii) a board with the presence of outside directors has positive and statistically significant effects on the performance of the firm, and foreign holdings lead to subsequent performance improvement.
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Long Khuc, Dai, Thi Thu Bui, and Quynh Mai Ha. "The effect of diversification on firm performance: Evidence from Listed Companies in Vietnam." International Journal of Scientific Research and Management 9, no. 02 (February 4, 2021): 2072–180. http://dx.doi.org/10.18535/ijsrm/v9i2.em05.
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The study was conducted to investigate the relationship between diversification on Board and firm performance. The investigation has been performed using panel data procedure for a sample of 204 Vietnamese listed companies in two different groups: Large cap and Mid cap, listed in HOSE and HNX during the period of five years from 2015 to 2019. The study uses three performance measures (including return on equity, return on asset, Tobin’s Q) as dependent variable. The independent variables for measurement of diversification on Board are the number of females and the diversification for Supervisory Board are the number of females only. Other independent variables are average age of Board member, CEO duality and the number of independent directors. The results indicated that firm performance have positive relationship with nationality diversity on Board and gender diversity on Supervisory Board. CEO duality shows a significant result of negative effect on firm performance.
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Thi Ngoc, Bui. "Impact of factors on fair value accounting: empirical study in Vietnam." Investment Management and Financial Innovations 17, no. 3 (August 7, 2020): 10–26. http://dx.doi.org/10.21511/imfi.17(3).2020.02.
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Due to the ongoing process of globalization, enterprises need to provide financial statements in accordance with international practices, in which information about assets and liabilities should be presented at fair values rather than at original prices. Fair value is supported by the International Accounting Standards Board and the Financial Accounting Standards Board. The purpose of this study is to evaluate the adoption of fair value accounting in Vietnam and the impact of factors on the adoption of fair value. The paper used the analytical framework of previous studies to identify factors affecting the adoption of fair value. Additionally, this study applied quantitative research methods and collected data by sending questionnaires to 127 accountants and directors of listed companies. Particularly, binary logistic regression was conducted to investigate the extent of the impact of each factor on the adoption of fair value. The results have shown that human resources have the strongest and positive impact on the adoption of fair value, and this is followed by the benefits of fair value. Difficulties and markets negatively affect the use of fair value. Furthermore, the control variables that affect the use of fair value are sector, size and length of operation with different levels of impact. The accuracy rate of the overall predictive model is 85.8%. The findings provide guidance of the application of fair value accounting in companies and give recommendations to policy makers in establishing a legal accounting framework in Vietnam.
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Nguyen, Tien Dung, Trong Thuc Vo, Thi Hoa Sen Le, Van Nam Le, Van Thanh Nguyen, and Gia Hung Hoang. "Organic rice production and commercialisation potential of agricultural cooperatives in Thua Thien - Hue province." Ministry of Science and Technology, Vietnam 63, no. 10 (October 25, 2021): 5–11. http://dx.doi.org/10.31276/vjst.63(10).05-11.
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Production and consumption of organic products is a global trend and increasingly popular in Vietnam. Agricultural cooperatives are considered a key agent in the mass production and commercialisation of organic rice. This study applied the analytic hierarchy process (AHP) method to evaluate the organic rice production and commercialisation potential of 33 prominent rice cooperatives in Thua Thien - Hue province. The results found seven criteria of potential organic rice cooperatives, including (1) relationship with external partners, (2) resources of the cooperative, (3) capacity of the board of directors, (4) market accessibility, (5) reputation of the board of directors with farmers (6) farmers’ perception, and (7) farmers’ capacity. The research ranked five levels of cooperatives: one very high potential cooperative, eight high potential cooperatives, twelve moderate potential cooperatives; twelve low potential cooperatives, and no very low potential cooperative in the study region. Planning production areas and supporting cooperatives to establish linkages are critical policies for developing organic rice in Thua Thien - Hue province.
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Phan, T. T. Q. "The impact of corporate governance attributes on the internal audit efficiency in companies with state participation." Accounting. Analysis. Auditing 8, no. 6 (January 18, 2022): 77–88. http://dx.doi.org/10.26794/2408-9303-2021-8-6-77-88.
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The paper aim is to study the impact of corporate governance attributes on the internal audit effectiveness. The relevance of the issues is due to the need to improve the provisions of the legislative framework on corporate governance, including the composition of the board of directors in companies with state participation. In the scientific research process of the problem, exploratory factor analysis and multiple linear regression analysis were used as statistical tools. The data is obtained from the reporting system published by 34 companies with state participation in Vietnam. As a result, several solutions have been proposed to build an effective corporate governance system in companies with state participation. It is approved that the government’s interference through its representatives on the board of directors and maintaining a high ownership concentration have a negative impact on the activities of internal audit, especially if these representatives are civil servants holding various positions in executive authorities.
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Trần Thị Hải, Lý, and Đức Nguyễn Kim. "Corporate governance, pyramid ownership, and firm value: Evidence from Vietnam." Journal of Asian Business and Economic Studies 25, S01 (January 1, 2018): 85–102. http://dx.doi.org/10.24311/jabes/2018.25.s01.4.
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This paper examines the relation among corporate governance practices, pyramid ownership structure, and firm value by using a sample of Vietnamese listed firms. Using a sample of 103 non-financial firms listed on HOSE for the period from 2012 to 2014, and employing two-stage least square regression (2SLS) to deal with potential endogeneity, we find that some indicators, commonly adopted as a key components of corporate governance, such as size or independence of board of directors, are imperfect proxies for corporate governance practices. Our results indicate that it is better to employ a corporate governance index (CGI), including 117 criteria developed by Connelly, Limpaphayom, and Nagarajan (2012) since it allows for more comprehensive estimation of corporate governance. More interestingly, our results show that the pyramid ownership plays an important role in the effect of corporate governance on firm value. The results are consistent regardless of whether companies have high or low family ownership.
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Nguyen, Dao T. H. "Private Higher Education in Vietnam: Issues of Governance and Policy." International Higher Education, no. 87 (September 1, 2016): 22–24. http://dx.doi.org/10.6017/ihe.2016.87.9509.
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Among many issues facing private higher education (PHE) in Vietnam, governance tensions and irrelevant government policy are widely considered as the most pressing ones. They are impediments to survival and development of private universities. In order to provide most reliable and viable recommendations, the researcher conducted a qualitative multi-site case study with the instrumentation of in-depth semi-structured interviews and document analysis to explore each issue and trace the fundamental causes from legislation. The internal governance tension emerged from conflicting viewpoints among members of the board of directors and president about whether to run their institutions as not-for-profit or for-profit. Misleading legislation has resulted in this tension and confusion in the conceptions of the two categories in practice. The external governance tension was found in the relationship between the government and individual institutions. There have been many complaints about impractical, irrational, inconsistent, and fluctuating legislation governing private institutions. Educational policy was also problematic with its limited resources and unequal treatment toward PHE.
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Dang, Hung Ngoc, Pham Thi Hong Diep, and Dang Thai Binh. "Study Factors Affecting the Level of Information Disclosure of Vietnamese Enterprises." International Journal of Accounting and Financial Reporting 9, no. 2 (April 15, 2019): 199. http://dx.doi.org/10.5296/ijafr.v9i2.14662.
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This study explores the status of information disclosure and the factors affecting the disclosure of information in the annual report of listed companies in the stock market of Vietnam This study uses a combination of weighting methods, assessing the level of published information of each criterion to measure the level of information disclosure both in terms of quantity and quality. The authors use a combined approach to measure the level of disclosure in the annual report of 289 enterprises in Vietnam. In which, the authors use to test the parameters and non-parametric testing of the level of disclosure of information under the industry and according to Big4 auditing firms. At the same time, in this research, the authors apply the OLS regression and quantile regression model to examine the effect of each factor on the level of information disclosure. Research shows that the level of disclosure in the annual report is 58.57%. The research has identified four factors that affect the level of disclosure: independent audit, enterprise size, profitability, financial leverage. However, there are two factors that do not affect the level of disclosure: the number of members of the board of directors and the Chairman & General Director. This result will suggest some recommendations to help businesses, agencies to improve the level of information disclosure.
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Dao, Thi Thanh Binh, and Thi Kim Anh Tran. "Stakeholders approach on corporate governance and performance of Vietnamese manufacturing firms." Journal of Governance and Regulation 6, no. 2 (2017): 61–73. http://dx.doi.org/10.22495/jgr_v6_i2_p6.
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Corporate governance is one of the most vital issues in this compound environment at present, which is indicated by the fact that the success or failure of firms strongly depends on performance of the control that board of directors and executive board, take on corporations’ activities. This issue has attracted a variety of researches worldwide, and become a popular buzz lately, however there is still limited researches on this topic in Vietnam. In this paper, we focus on manufacturing sector, one of the most important industries in Vietnam economy, which account for 41.2% of total GDP in 2012. By using stakeholder theory and Kitamura’s paper as a corner stone, a model using OLS regression and log functional form for production function, showing the relationship between some external factors and internal factors including corporate governance is built. From the result of the research, it has been found out that internal factors (corporate governance) significantly affect the firm’s performance, whereas external factors (market share) do not really show any influence. In term of production function, this manufacturing sector still benefits from an increase of capital but not that of labor.
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Anh Tuan, Dang. "Impact of corporate governance on earnings management – Experimental evidence on listed commercial banks in Vietnam." Banks and Bank Systems 17, no. 4 (December 26, 2022): 189–97. http://dx.doi.org/10.21511/bbs.17(4).2022.16.
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Earnings management is the practice of adjusting accounting policies to change earnings. It affects the earnings of the banking industry, including listed commercial banks. It also reduces the trust of investors because the information provided is unreasonable for the bank system. Corporate governance as a management organization can prevent earnings management in the banking industry. The paper aims to consider the impact of corporate governance on the earnings management of listed commercial banks in Vietnam. The paper uses a time series of ten years from 2012 to 2021. The research uses experiments to test the hypothesis of the model. The result finds three factors positively affect the earnings management of listed commercial banks, including the number of members, professional qualifications, and meetings of the board of directors. The number of members is the strongest influence on earnings management, while the professional qualifications have the lowest effect. The results also demonstrate that listed commercial banks have practiced earnings management in recent years. From there, the paper proposes some policies to prevent the earnings management of listed commercial banks to improve the quality of information.
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Nguyen, Thi Lien Huong, Nhat Minh Tran, and Manh Chien Vu. "THE INFLUENCE OF BOARD CHARACTERISTICS AND STATE HOLDING ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, EVIDENCE FROM VIETNAMESE LISTED FIRMS." Business: Theory and Practice 22, no. 1 (June 4, 2021): 190–201. http://dx.doi.org/10.3846/btp.2021.13490.
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Analysing the nexus between board diversity, CEO power, state holding, and corporate social responsibility disclosure in an emerging country: Vietnam, where some listed firms are held significantly by the State, is the fundamental objective of this study. In order to achieve this goal, we employed regression analysis using panel data. While board diversity consists of board gender diversification and board independence and CEO (executive) power, consisting of executive duality, executive holding (ownership), and deputy CEO, and state ownership are explanatory variables, and CSR disclosure is a dependent variable. The sample contains of 166 Vietnamese listed firms at the Hanoi Stock Exchange (HNX) for 2014−2016. After performing regression analysis, the result revealed that the proportion of female directors, deputy CEO, and state holding had a significant correlation with CSR publication. In contrast, the proportion of independent directors, CEO duality, and CEO ownership was found to be insignificant. Our research adds to the research on firm governance and CSR in several approaches. First, the paper adds to the study on the advancement of research toward corporate social responsibility and firm governance and CEO features impress on it. Second, our research expands CSR literature in developing countries, which has not been treated in detail. Fourth, this research advances and adds literature to some theories, including agency theory and resource-based view theory.
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Huynh, Quang Linh, Huy Hoang Tran, and Hong Anh Thi Nguyen. "Interaction Among Corporate Governance, Innovation, and Performance in Vietnam’s Banking Sector." Research in World Economy 11, no. 5 (September 3, 2020): 235. http://dx.doi.org/10.5430/rwe.v11n5p235.
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Background/Objectives: The current research tries to investigate effects of the three elements of corporate governance (chief executive officer duality, board independence and size) on banking performance and then analyze the mediating role of innovation on these effects, which are overlooked at Vietnamese banks.Methods/Statistical analysis: The research sample for this research encompassed 78 usable firm-year observations of 25 publicly listed organizations in the banking sector on Vietnam’s three main Stock Exchanges during a 4-year period from 2015 to 2018. To test out the causal hypotheses, the multiple linear regressions were carried out; while to statistically explore the mediating hypotheses, the approaches for testing the statistical significance of mediating effects, proposed by Aroian (1947) were applied.Findings: The empirical findings disclose that good mechanisms of corporate governance in banking can lead to superior banking performance. The empirical results also discover that innovative activities in banking statistically interferes in the causal linkage between corporate governance and banking performance; where innovation fully interferes between the duality of management and banking performance, but it partially interferes in the relations of board independence and board size with banking performance.Improvements/Applications: This research indicates that the banks, in which the positions of the director and chairperson are held by one separate person, may suffer agency costs, so achieve poorer banking performance. Therefore, the banks in Vietnam should assign the positions of the chief executive officer and chairperson to two separate individuals. The banks should hire more independent executives in the managerial board in order to lessen agency costs, so can get better banking performance. Moreover, the banks with larger managerial boards can improve banking performance since they possess better business experience, expertise, skill and other relations that can create substantial resources, so enhance banking success. It also shows that when included into the research model of corporate governance and banking performance, innovativeness in banking should be carefully considered, because it could interfere into this research model.
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Putra, Andi Manggala, and Hermita Arif. "BOARD STRUCTURE AND EARNINGS MANAGEMENT: EVIDENCE OF SOUTH EAST ASIA COUNTRIES CATEGORISED BY AGENCY COST LEVEL." Hasanuddin Economics and Business Review 1, no. 2 (November 14, 2017): 142. http://dx.doi.org/10.26487/hebr.v1i2.1250.
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Agency theory infers that investors will incur cost to make alignment on principal-agent interest. A critic, however, has pointed out that the conflict of interest between principal and agent is not the only cause for agency cost. Cultural context (Johnson & Droege, 2004) and legal system (La Porta, et al., 2000) are also found as contributing factors. This study is to empirically investigate how board size, board independency, audit committee size and audit committee independency affect the earnings quality in the context of low or high level agency cost country according to Transparency International’s corruption level and Hofstede’s cultural values. 538 firm-year across 6 South East Asian countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) are observed in this research. Five Different accrual models (Jones, 1991; Dechow, Sloan, & Sweeney, Detecting Earnings Management, 1995; Kasznik, 1999; Dechow, Richardson, & Tuna, Earnings management and costs to investors from firms meeting or slightly exceeding benchmarks, 2002; Dechow & Dichev, The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors, 2002) are used to generate abnormal accruals which will be used as proxy for earnings management while to generate suitable factors from corporate governance variables, principal component analysis (PCA) is employed. Results indicate that (1) earnings management is efficient; (2) size and independency of Board of Director and audit committee are effective in reducing earnings management behaviour; (3) the management of firms operating in higher agency cost context will take advantage from the structure of corporate governance (size and independency of Board of Directors and audit committee) to conduct earnings management. Additionally, it is also found that bigger size (higher leverage) firms perform less (more) accounting discretion compared to their counterparts.
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Cao Mai Phuong, Lai. "Stock price reactions to information about top managers." Banks and Bank Systems 16, no. 2 (June 21, 2021): 159–69. http://dx.doi.org/10.21511/bbs.16(2).2021.15.
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This article uses an event study to investigate the response of a bank’s stock price to information related to these banks’ top managers. In the first event, the Vice Chairman of the founding board of Asia Commercial Bank (ACB) was arrested and the Chief Executive Officer (CEO) of this bank was summoned by the police for questioning. The second event related to the immediate resignation of the Chairman of the Board of Directors of Sacombank (STB) after he received a summons from the investigating police agency. Both of these events happened in Vietnam. The research results showed that unanticipated events (the first event) caused the share prices of both banks to react more strongly, and the impact time was longer than the second event. The first event resulted in the cumulative abnormal returns of ACB and STB being –23.6% and –9.1%. The second event has been found to be directly related to STB, but does not significantly affect this stock, but has a significant effect on the abnormal return of ACB (AR (1) = –4.6%). Asymmetric information, inattention and investor fear of event-related losses may explain this phenomenon.
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Khuong, Nguyen Vinh, Phung Anh Thu, Do Thi Thu Lieu, Tran Thi Phuong Anh, Nguyen Thi My Giau, Nguyen Mai Han, and Ngo Kim Mo. "Financial and Non-financial Factors Affecting Board Size of the Listed Firms in Vietnam." International Journal of Financial Research 11, no. 2 (March 16, 2020): 187. http://dx.doi.org/10.5430/ijfr.v11n2p187.
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The study contributes by providing empirical evidence on the extent to which financial and non-financial factors affect the size of the board of director of listed firms in Vietnam. Based on the data from 80 listed firms on the Vietnam’s stock market in 11 years from 2007-2017, using quantitative research method. We concluded that financial and non-financial factors affect board independence of listed firms in Vietnam. From the research results, it is recommended that listed companies have reasonable and effective corporate management policies, consistent with accounting policies at enterprises.
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Thanh, Nguyen Hai, and Nguyen Van Quang. "Transformational, Transactional, Laissez-faire Leadership Styles and Employee Engagement: Evidence From Vietnam’s Public Sector." SAGE Open 12, no. 2 (April 2022): 215824402210946. http://dx.doi.org/10.1177/21582440221094606.
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Leadership style is considered one of the critical factors in employee engagement with the leader, the organization, and the organization’s success. So far, there have been studies on the relationship between leadership style and employee engagement. However, there has been no research on the relationship between leadership style and the engagement of civil servants in Vietnam’s provincial public sector, which is a gap that needs to be researched. Therefore, this study examines the relationship between three leadership styles, namely transformational leadership, transactional leadership, and laissez-faire leadership concerning engagement to work and performance of public sector employees, and at the same time determines the relationship of leadership styles with demographic variables and with employee engagement in the Vietnamese public sector. The study data were collected from a convenient sample of leaders from the departmental level to the board of directors, and the survey sample was also collected from employees in state agencies who were feedback by answering questionnaires at a time. A total of 325 people, who are leaders and civil servants in the provincial public sector in Vietnam, responded. SPSS statistical software version 26.0 was used to process the data obtained through surveying the opinions of respondents in the leadership style questionnaire and the employee participation questionnaire. The results of the analysis show that leadership styles are closely related to employee engagement. The study also discovered that the level of an employee’s engagement to work depends largely on leadership style. Recommendations are made when a leader practices the right leadership style to increase employee engagement and vice versa.
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Hai, Tran Van, Le Van Vien, and Hoang Dinh Huong. "Risk Management and Operational Performance of Hospitality Enterprises – A Case Study in the North Central Region of Vietnam." Alinteri Journal of Agriculture Sciences 37, no. 1 (March 28, 2022): 01–05. http://dx.doi.org/10.47059/alinteri/v37i1/ajas22001.
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The goal of creating, forming, and developing businesses in general and hotel businesses in particular has the ultimate goal of profit, high and stable profitability is the goal that any business However, due to the specific business line, in addition to the experience factor of the manager, the size and composition of the board of directors, the brand, the location of the hotel or the satisfaction of the customers. customers and employees... decide the profitability of the hotel business, sustainable factors such as types of risks may be encountered: Risks on hotel development strategy; Brand reputation risk; Financial risks… also have a significant impact. The problem is how to strengthen the risk management that hotel businesses face in business and at the same time increase the profitability of the business. In practice, there are many methods to measure risk, but one of the most widely accepted methods of predicting risk and bankruptcy today is the US economist's Z-score. Edward I. Altman, New York University faculty member set. In the US, about 95% of bankruptcies are forecast from the Z-score one year before bankruptcy, but this rate drops to just 74% for 2-year forecasts. From the initial Z-index forecast, Professor Edward I. Altman has developed it into Z' and Z'' to be applicable to each type and industry of the business. The Z'' coefficient is similar to the S&P credit rating.
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Xuan-Quang, Do, and Wu Zhong-Xin. "Impact of Ownership Structure and Corporate Governance on Capital Structure: The case of Vietnamese Firms." Australian Journal of Business and Management Research 03, no. 03 (March 7, 2013): 11–19. http://dx.doi.org/10.52283/nswrca.ajbmr.20130303a02.
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This article attempts to explore how corporate governance and ownership structure affect capital structure in the context of an emerging economy like Vietnam by considering impact level of three groups of factors which are corporate governance, ownership structure and firm elements. Method of Multivariable Regression Analysis used with cross-panel data collected from non-financial firms listed on Ho Chi Minh Stock Exchanges in the period 2009-2012 shows that corporate governance measures have a significant impact on decision of capital structure, while ownership structure has not given evidences with statistical significance of its impact on capital structure choice, except the fact that managerial ownership has negative impact on capital structure of State-owned Enterprises (SOEs). Especially, the study shows that characteristics which cause effects on corporate governance measures of Vietnamese SOEs include Board size, Non-executive Directors (NEDs), CEO duality and corporate ownership structure. Besides, pecking – order theory can explain basically the impact of classical firm elements such as growth, profitability, tangibility and firm size on capital structure of Vietnamese firms. Finally, our research concludes that ownership structure and corporate governance have a certain impact on decisions of capital structure.
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Kilar, Wioletta, and Monika Cieluch. "Kształtowanie się i organizacja przestrzenna korporacji ponadnarodowej Honda." Studies of the Industrial Geography Commission of the Polish Geographical Society 10 (January 1, 2008): 188–203. http://dx.doi.org/10.24917/20801653.10.16.
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Considering the market value of the company in Business Week ranking “The Global” for the years 2003–2005, Honda Motor was fluctuating around the 100th place. In 2005 the value of the corporation increased in relation to the previous year and equaled $51, 96 billion. However, in the car corporations category, Honda Motor is ranked second, after Toyota Motor (with market value $158.20 billion), and the third car corporation Daimler Chrysler is worth $51,28 billion.The origin of the Honda corporation dates back to the 1920’s, when Soichiro Honda (1906–1991) started producing motorbikes during the post-war crisis period. In March 1948, he was joined by Takeo Fujisawa (1915–1989) with whom Soichiro Honda founded Honda Motor Corporation. Contemporarily, the organizational structure of the Honda Corporation is based on multilevel management. At present, the organizational basis is six Regional Offices, located all over the world, subject on executive level to the Chairman of the Board and ten directors. The company’s headquarters is in Tokyo, but it has its production and distribution branches located in Japan, USA, Canada, Mexico, GB, France, I taly, Spain, India, Malaysia, Pakistan, Philippines, Taiwan, Vietnam, Brazil and Turkey.
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Kiel, Geoffrey C., and Gavin J. Nicholson. "Evaluating Boards and Directors." Corporate Governance: An International Review 13, no. 5 (September 2005): 613–31. http://dx.doi.org/10.1111/j.1467-8683.2005.00455.x.
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Beaver, Graham, Adrian Davies, and Paul Joyce. "Leadership boards of directors." IEEE Engineering Management Review 37, no. 4 (2009): 11–17. http://dx.doi.org/10.1109/emr.2009.5384043.
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Park, Jae C. "Reengineering boards of directors." Business Horizons 38, no. 2 (March 1995): 63–69. http://dx.doi.org/10.1016/0007-6813(95)90057-8.
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Beaver, Graham, Adrian Davies, and Paul Joyce. "Leadership boards of directors." Business Strategy Series 8, no. 4 (May 22, 2007): 318–24. http://dx.doi.org/10.1108/17515630710702023.
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Davies, Adrian, Paul Joyce, Graham Beaver, and Adrian Woods. "Leadership boards of directors." Strategic Change 11, no. 4 (2002): 225–33. http://dx.doi.org/10.1002/jsc.585.
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Moffat, Marilyn. "Braving New Worlds: To Conquer, to Endure." Physical Therapy 84, no. 11 (November 1, 2004): 1056–86. http://dx.doi.org/10.1093/ptj/84.11.1056.
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AbstractMarilyn Moffat, PT, PhD, FAPTA, CSCSDr Moffat has had a tremendous impact on the physical therapy profession as a visionary leader, a distinguished educator, and an accomplished clinician, administrator, and researcher. She has served as editor of Physical Therapy and, as an elected member of APTA's House of Delegates, has been instrumental in providing direction for the future of the profession. She has served as a member of innumerable committees, task forces, and boards of directors at every level within the Association. In 1991, she was elected President of APTA for the first of 2 consecutive terms.As President, Dr Moffat spearheaded the development of the Association's Guide to Physical Therapist Practice, and she later served as a project editor of the Guide's second edition and was heavily involved in the development of the Interactive Guide on CD-ROM. Dr Moffat has worked tirelessly since 1977, when she first spoke about the professional doctoral degree for physical therapists, to lead the profession through a process of redefining the role of the physical therapist for the future and ensuring that the highest level of practice would be achieved as a requisite for assuming the title “Doctor of Physical Therapy.”As a delegate to the World Confederation for Physical Therapy, Dr Moffat has provided leadership to the international community of physical therapists. She served as APTA's voting delegate to the WCPT General Meeting, on the Executive Committee of the WCPT as the North America/Caribbean Region representative, and as a member of the Task Force on the International Definition of Physical Therapy. Dr Moffat has given more than 800 professional presentations worldwide and has taught and consulted in Taiwan, Thailand, Burma, Puerto Rico, Vietnam, Hong Kong, and Wuhan in China. For her demonstrated worldwide leadership in physical therapy, she was honored with WCPT's Mildred Elson Award for International Leadership in Physical Therapy.Dr Moffat has been the recipient of many APTA honors and awards. She has been recognized with APTA's Lucy Blair Service Award and as a Catherine Worthingham Fellow. She has received 2 diversity awards from the Advisory Panel on Minority Affairs, the R Charles Harker Policy Maker Award from APTA's Health Policy and Administration Section, and the Robert Dicus Outstanding Service Award from APTA's Private Practice Section. The most significant acknowledgments of her lifelong commitment to service are the New York Chapter's Dr Marilyn Moffat Distinguished Service Award and APTA's newly created Marilyn Moffat Leadership Award.
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Dimovski, Bill, Luisa Lombardi, Christopher Ratcliffe, and Barry John Cooper. "Australian Real Estate Management and Development companies and women directors." Property Management 34, no. 1 (February 15, 2016): 18–28. http://dx.doi.org/10.1108/pm-12-2014-0052.
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Purpose – There is a large literature advocating the importance of a greater proportion of women directors on boards of publicly listed firms. The purpose of this paper is to examine the numbers and proportions of women directors, including women executive directors, on listed Australian Real Estate Management and Development (REMD) companies to identify how prevalent women directors are on such boards. Design/methodology/approach – The study examines the numbers and proportions of women directors for 35 REMDs in 2011 and compares this to the broad board composition data on 1,715 Australian Stock Exchange listed entities. Statistically significant findings are evident due to the identified low proportions. Findings – The study finds that of all the Financials Sub Industry sector groups, REMDs have the lowest proportion of female directors on theirs boards – eight women on each of 35 company boards compared to 159 men on these 35 boards at 2011. Of the eight, there were only two women executive directors on boards compared to 50 men. Statistically, it appears that having women directors on REMD boards is not considered important. Even at December 2014, there are only ten women on seven company boards and only one remaining executive director of an REMD company. Practical implications – Given that female board representation is positively related to accounting returns and that there is a growing voice for legislation to impose mandatory proportions of women directors on boards around the world, it may be in the interests of REMD boards to consider appointing more women more quickly. Originality/value – The study is the first to examine the numbers and proportions of women directors amongst REMD companies to identify the paucity of such women directors.
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Huse, Morten. "Boards of Directors in Europe." Proceedings of the International Association for Business and Society 6 (1995): 785–96. http://dx.doi.org/10.5840/iabsproc1995670.
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