Journal articles on the topic 'Corporate Governance Practice'
To see the other types of publications on this topic, follow the link: Corporate Governance Practice.
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Corporate Governance Practice.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Amara, Salem. "An Overview of Corporate Governance Practice in Companies Listed on the Libyan Stock Market." Athens Journal of Business & Economics 7, no. 3 (June 16, 2021): 287–304. http://dx.doi.org/10.30958/ajbe.7-3-5.
Full textAbstract:
The corporate governance concept has recently become a major issue in the corporate practices of both developed and developing countries alike. Corporate governance is considered to be a tremendously important topic in many countries around the world; specifically within the emerging stock markets in order to protect the minority of shareholders. The aim of this research is to investigate corporate governance practices in companies listed on the Libyan stock exchange. In particular, to investigate whether corporate governance practices in these companies meet international standards of corporate governance and to identify the main obstacles to implementing them. The concept of corporate governance, corporate governance practices in developing countries, the Libyan stock market and OECD principles of corporate governance were discussed. A close-ended questionnaire was the main method for data collection. 100 questionnaires were distributed to the participants of the study, and only 76 questionnaires usable for analysis were received. Several issues related to corporate governance, depending on OCED principles, were investigated. The results revealed that corporate governance practice in the companies under investigation fit with OCED principles of corporate governance in some aspects and do not fit in others. Furthermore, the most important obstacles were perceived impeding corporate governance practice in companies listed in the Libyan stock market are "lack of compliance with the laws governing the work of companies" and "high cost of applying corporate governance rules". (JEL G30) Keywords: Corporate governance, the Libyan stock exchange, developing countries, OCED principles of corporate governance
2
Augustine, Darline. "Good Practice in Corporate Governance." Business & Society 51, no. 4 (July 11, 2012): 659–76. http://dx.doi.org/10.1177/0007650312448623.
Full text
3
Kharista, Malinda, Bambang Purnomosidhi, and Imam Subekti. "The Practice of Expropriation through Related Party Transactions In Indonesia." Jurnal Reviu Akuntansi dan Keuangan 10, no. 2 (July 31, 2020): 371. http://dx.doi.org/10.22219/jrak.v10i2.12214.
Full textAbstract:
The purpose of this study to examine the influence of governance toward an expropriation practice in Indonesia and to examine the institutional ownership that acts as a moderator in strengthening the effect of corporate governance toward an expropriation practices as measured by related party transactions. This study uses panel data regression analysis. The results showed that corporate governance negatively affects the practice of expropriation and institutional ownership cannot strengthen the influence of corporate governance toward an expropriation practice. This research contributes to the type II agency theory (conflicts between controlling and non-controlling shareholders), which can be minimized by implementing corporate governance.
4
Khalid, Rizwan, Tayyab Ali, and Muhammad Usman Javed. "Corporate Governance: Theory and Practice Impact of Corporate Governance on Firm Performance." Jinnah Business Review 7, no. 1 (January 1, 2019): 66–75. http://dx.doi.org/10.53369/lguo3354.
Full textAbstract:
Corporate governance is one of most widely researched topics in the different fields of management sciences. Additionally, governance plays equal role in firm performance in all countries especially developing countries become more important like Pakistan which contain equal importance to be studied with in subject to developed countries as to be well known in governance values, moreover there is increased interest to observe impact of corporate governance on different dimensions of firm performance. The objective of this paper is to underlay the corporate governance theories and practices and we have studied and try to analysis the impact of corporate governance structure on firm performance. This is a descriptive type of study in which we analysis different studies as coded all studies as they may have different implications in developed countries but here they may have different results as in developing countries and Pakistan is different among other Asian countries because of number of reasons as discussed in introduction with respect to its governance structure. We also have find interesting results as from other empirical studies recently a part of Pakistan perspective research and having number of important implications with respect of changes need to be made in Pakistan’s governance structure. Findings shows there is impact of corporate governance on firm performance and market performance of firm also been effected with governance style
5
Risa, Nurma. "Good Corporate Governance, Corporate Value, Tax Avoidance and Financial Performance." JOURNAL OF AUDITING, FINANCE, AND FORENSIC ACCOUNTING 6, no. 2 (October 19, 2018): 71–82. http://dx.doi.org/10.21107/jaffa.v6i2.5020.
Full textAbstract:
If a company applies GCG practices it will have an impact on the value of the company. But the implementation of GCG alone is actually not enough to increase the value of the company, there are other things, namely the practice of tax avoidance and financial performance. This study aims to prove that tax avoidance and financial performance practices are intermediary variables in the relationship of GCG to corporate value. The sample of this study is companies that take the IICG survey and have CGPI scores, and are listed on the stock exchange in the period of 2012-2015. Path analysis is used as a method of data analysis. The results of the study show that the GCG practices influence the value of the company indirectly, but through the practice of tax avoidance and financial performance as intermediaries.
6
Tsaruk, Vasyl. "EVOLUTION OF THE ACCOUNTING SYSTEM UNDER THE INFLUENCE OF INTERNATIONAL CORPORATE GOVERNANCE PRACTICES." Institute of accounting, control and analysis in the globalization circumstances, no. 3-4 (December 30, 2021): 33–39. http://dx.doi.org/10.35774/ibo2021.03-04.033.
Full textAbstract:
Introduction. The accounting system as a fundamental attribute of the functioning of corporations is under the constant influence of various factors. Global innovations and social transformations of economic processes motivate the adaptation of accounting theories and practices. One of the most significant influences on the modernization of the corporate accounting system is the multivariate nature of international corporate governance practices. Methods. The methodological tools of the study are the fundamental principles of economic knowledge and scientific works of modern researchers. In the process of research, methods of induction and deduction were used to differentiate the evolution of the accounting system; analysis and synthesis to identify the object and subject of research; constructive method for dissecting the stages of evolution of the accounting system; abstract and logical method for scientific and theoretical generalizations and formulation of a range of conclusions. Results. The characteristic features of international models of corporate governance are identified. The problems of accounting support of corporate governance are outlined. The logic of using the term “domestic model of corporate governance” is proved. The specifics of the parameters of the corporate governance model in Ukraine are specified. The range of features of the Anglo-American and German models of corporate governance on the evolution of the accounting system in Ukraine is differentiated. The fact of the problem of inadequacy of the current model of corporate governance and accounting system in Ukraine has been established. Emphasis is placed on the expediency of clarifying the principles of corporate governance G20 / OECD. Discussion. Identification of the expediency of taking into account the typical parameters of the evolutionary development of domestic theory and practice of corporate governance from the standpoint of modernization of the national accounting system. Keywords: accounting system, corporate governance, international practice, evolution of accounting system, corporate governance practice.
7
Metushi, Eldi, Jackie Di Vito, and Andrea Fradeani. "Corporate governance practices in Europe: A descriptive study." Corporate Ownership and Control 13, no. 2 (2016): 238–49. http://dx.doi.org/10.22495/cocv13i2c1p5.
Full textAbstract:
Our study examines corporate governance practices in Europe according to the best practice guidelines of 17 countries. We particularly focus on the independence criteria of Board members. Doing so, we wish to understand how these best practices are enforced in the actual corporate governance guidelines in each country. To better define the independence criteria, which is very different among European countries, we develop our own measure of independence, taking into account the strictest criteria of independence recommended in the corporate governance codes of the studied countries. Then, we gather firm-level statistics on a sample of 463 European firms to understand whether the best practice guidelines are actually enforced by these firms. Hence, we contribute to the existent literature by presenting descriptive statistics on the compliance of European firms to their national guidelines. Our findings show that most European firms tend to comply with their local best practice guidelines of corporate governance. We also document a high compliance of our European sample-firm with the Anglo - Saxon best practices of corporate governance.
8
BELLO, Umar, and Martins Mustapha ABU. "Shareholder and Stakeholder Theories. Understanding Corporate Governance Practice." Nile Journal of Business and Economics 7, no. 17 (April 30, 2021): 93–99. http://dx.doi.org/10.20321/nilejbe.v7i17.05.
Full textAbstract:
The aim of the paper is to further understand corporate governance by looking at Shareholder theory and Stakeholder theory to improve corporate governance practices in companies and to enable achieving set objectives. A conceptual approach of examining the concepts of corporate governance, shareholder theory and stakeholder theory, their similarities and differences for corporate governance purposes. Secondary sources and reviewed journal articles that discussed concepts were selected and used for the study through Content analysis and use of empirical evidence. The stakeholders’ theory has been proven to promote an inclusive system, that benefits stakeholders in any business or company in a globalised environment. Using both theories from a corporate governance perspective alone without consideration for other areas of the corporation is a limitation of study. Discussion of the theories contribute to understanding of corporate governance practice by corporations and the study will provide guidance for related research in the near future.
9
Utama, Cynthia A., and Haidir Musa. "The Causality between Corporate Governance Practice and Bank Performance: Empirical Evidence from Indonesia." Gadjah Mada International Journal of Business 13, no. 3 (September 12, 2011): 227. http://dx.doi.org/10.22146/gamaijb.5481.
Full textAbstract:
The aim of this study is to examine the existence of causality between corporate governance practice and performance of commercial banks in Indonesia. We also investigate the influence of age, capital adequacy, and type of commercial banks on bank performance and examine the influence of the bank size, foreign ownership, and listing status on corporate governance practice. The result shows that corporate governance practice, bank size and capital adequacy ratio have positive influences on bank performance in Indonesia. However, bank performance does not influence corporate governance practice. This study also finds that regional banks have better performance than private banks. The results of the study support the Central Bank’s efforts to enhance CG practices in the banking sector, to strenghten banks’ capital base and its policy to encourage banks to merge to become larger.
10
Afolabi, Adeoye Amuda. "The key challenges of corporate governance of firms: Empirical evidence from Sub-Saharan African anglophone (SSAA) countries." Corporate Ownership and Control 13, no. 3 (2016): 415–33. http://dx.doi.org/10.22495/cocv13i3c3p1.
Full textAbstract:
This paper uses empirical evidence to identify views about the important components of good corporate governance practice for listed firms in Sub-Saharan African Anglophone countries. This study used survey questionnaire based on international corporate governance norms, data were collected from listed firms in Ghana, Nigeria and South Africa. The findings include: In Ghanaian and South African firms there are evidence that regulatory framework and enforcement of corporate governance promote sound corporate governance system. This study revealed that commitment of board of directors to disclosure and communication may provide effective corporate practices. Political environment and ownership structure of firms’ hinder sound corporate governance practices. Accounting system operating in each country plays a vital role in promoting sound corporate governance system. However, societal, cultural and corruption seem to deter corporate governance system in Ghanaian and South African firms. We recommend that there should be prudent monitoring of corporate governance rules and enforcement.
11
Magang, Tebogo Israel, and Koketso Bafana Kube. "Compliance with Best Practice Governance Principles by State Owned Enterprises in Botswana." International Journal of Business and Management 13, no. 2 (January 14, 2018): 149. http://dx.doi.org/10.5539/ijbm.v13n2p149.
Full textAbstract:
This paper investigates the extent of compliance by 16 state owned enterprises (SOE)/parastatal corporations in Botswana with international best practice corporate governance principles. In particular the study examines the extent of compliance by SOEs with best practice corporate governance principles as recommended under the King Code of South Africa. The King Code (2002) of Corporate Governance is generally considered as a benchmark for best practice corporate governance not only in the Southern African region but also across the African continent.Using a compliance checklist of 53 provisions from the Code, the study finds that 68.7% of Botswana SOEs have a compliance score of 51% and above while the remaining 31.3% applied less than 50% of the provisions in the King Code checklist. The study also finds that compliance with the Code increased from an average of 57% in 2009 to 60% in 2012. Further the study finds that SOEs tended to comply more with provisions on risk management and less on provisions on integrated sustainability reporting.The results of this study have implications on governance practices of SOEs in Botswana in general. For instance, the results may possibly indicate that, even though governance structures of SOEs in Botswana are crafted through Acts of parliament, on the whole they adhere to international best practice corporate governance principles. The results could also be a signal to local and international investors that Botswana SOEs are not lagging behind in terms of compliance with good governance practices.
12
Sarhan, Ahmed A., and Collins G. Ntim. "Firm- and country-level antecedents of corporate governance compliance and disclosure in MENA countries." Managerial Auditing Journal 33, no. 6/7 (June 4, 2018): 558–85. http://dx.doi.org/10.1108/maj-10-2017-1688.
Full textAbstract:
Purpose This paper aims to investigate the level of compliance with, and disclosure of, corporate governance best practice recommendations and the firm- and country-level factors that can explain discernible differences in the level of compliance with, and disclosure of, corporate governance best practice recommendations in a number of Middle Eastern and North African (MENA) countries. Design/methodology/approach The authors use the widely used content analysis technique to examine the level of compliance with, and disclosure of, corporate governance best practice recommendations in a sample of listed corporations in MENA countries. In addition, the authors use the ordinary least square multiple regression analysis technique to examine the firm- and country-level antecedents of the level of compliance with, and disclosure of, corporate governance best practice recommendations. The findings are generally robust to different types of firm- and country-level factors, alternative measures and potential endogeneity problems. Findings The findings of this study are two-fold. First, the level of voluntary compliance with, and disclosure of, corporate governance best practice recommendations among MENA listed corporations is low and differs substantially across firms. Second, the evidence suggests that firm- and country-level factors, including religiosity, national governance quality and macroeconomic factors, have a positive and significant impact on voluntary compliance with, and disclosure of, corporate governance best practice recommendations. Originality/value To the best of the authors’ knowledge, this paper is the first to examine both the potential firm- and country-level factors affecting voluntary compliance with, and disclosure of, corporate governance best practice recommendations among MENA listed corporations from a neo-institutional theoretical perspective. The results of our study provide regulators and policymakers with the impetus to encourage greater efforts towards pursuing reforms that seek to improve national governance quality, economic environment and positive religious practices.
13
Konovalov., D. "CORPORATE GOVERNANCE AS INSTITUTIONAL SECURITY TOOL COORDINATION OF THE INTERESTS OF PARTICIPANTS CORPORATE RELATIONS." Экономическая наука сегодня, no. 15 (May 19, 2022): 142–53. http://dx.doi.org/10.21122/2309-6667-2022-15-142-153.
Full textAbstract:
The article is devoted to the problem of institutional adaptation of best practices of corporate governance while ensuring the interests of the participants of corporate relations. The main models are disclosed and the comparable characteristic of the corporate governance, which has found its progress in modern world practice. On the basis of international principal management principal management, priority principles are identified, which are prioritized under the conditions of the formation and development of the domestic corporate practice of holding associations with state participation.
14
Glinkov, N. "CORPORATE GOVERNANCE IN BANKS: THEORY AND PRACTICE." Экономическая наука сегодня, no. 11 (June 5, 2020): 164–69. http://dx.doi.org/10.21122/2309-6667-2020-11-164-169.
Full textAbstract:
The article is devoted to the study of theoretical and methodological issues of interpretation of the essence of corporate governance in banks. According to the results of the study, it is established that today there is no common approach to determining the essence of corporate governance, despite the growing interest in recent years to the problem of its construction and effective functioning. In order to assess the effectiveness of corporate governance, it should be considered as a system.
15
Hassouna, Dina, Hassan Ouda, and Khaled Hussainey. "Transparency and disclosure as an internal corporate governance mechanism and corporate performance: Egypt’s case." Corporate Ownership and Control 14, no. 4 (2017): 182–95. http://dx.doi.org/10.22495/cocv14i4c1art1.
Full textAbstract:
Our paper aims to examine the impact of an “objective” measure for the quality of transparency and disclosure practice that is extracted from the Egyptian corporate governance guidelines on the performance of a selected sample of 85 Egyptian listed companies. We use mixed methods (i.e. content analysis, regression analysis, questionnaires and interviews) to test the relationship between the transparency and disclosure index and corporate performance for the period 2006-2010. We found no significant relationship between transparency and disclosure practice and corporate performance. Our results suggest that governance mechanisms such as transparency and disclosure practices are considered to be just ink on paper without any actual value added adopting corporate governance in Egypt.
16
Wali Ullah, G. M., Sarwar Uddin Ahmed, Samiul Parvez Ahmed, and Kazi Md Jamshed. "Do Multinational Companies Practice Good Corporate Governance? Empirical Evidence from Bangladesh." International Journal of Accounting and Financial Reporting 7, no. 2 (November 12, 2017): 96. http://dx.doi.org/10.5296/ijafr.v7i2.11843.
Full textAbstract:
Corporate Governance refers to the way an organization is directed, administrated or controlled. It includes the set of rules and regulations that affect the manager's decision and contribute to the way company is perceived by the current and potential stakeholders. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation such as; boards, managers, shareholders and other stakeholders and spells out the rules and procedures and also decision-making assistance on corporate affairs. Corporate governance practices in Bangladesh are gradually being introduced in most companies and organizations (Du, 2006). However, Bangladesh has fallen behind its neighboring countries and global economy in corporate governance (Gillibrand, 2004). Corporate governance structure is mainly considered ambiguous. Specific governance structures or practices will not necessarily fit all companies at all times. Firms with strong corporate governance mechanisms are generally associated with better financial performance, higher firm valuation and higher stock returns. Unfortunately, investors in Bangladesh have a little information about how these corporate values affect the performance of the Multinational Companies (MNCs). This study aims to provide a quantitative contribution to the literature by examining the impact of corporate governance mechanisms on financial performance from the perspective of MNCs. A panel data based Ordinary Least Squared (OLS) regression model was used to measure the quantitative significance of various corporate governance related variables on MNC performance, as identified through a detailed literature review.
17
Thakhathi, Andani, Derick De Jongh, and Phumzile Langeni. "What’s in a King? Unveiling the pragmatic micro-perceived value attributes of a fulfilling corporate governance code for responsible sustainable development." Journal of Global Responsibility 12, no. 4 (September 29, 2021): 469–90. http://dx.doi.org/10.1108/jgr-03-2021-0037.
Full textAbstract:
Purpose A recent contribution entitled Global Responsibility and the King Reports was made to the literature that represents a significant advancement in the understanding of how standards of good governance are practised. The corpus revealed key insights about macro-institutional governance regimes, yet, extraordinarily little about meso-organisational and even less so, micro-individual corporate governance practice. This study aims to shed light on the micro-individual level of corporate governance practice which has remained obscured by drawing pragmatic insights from the landmark South African King Code experience that may be applied to other governance jurisdictions for global organisational responsibility. Design/methodology/approach To unearth micro-individual corporate governance code practices, a phenomenological exploration of corporate governance practitioners’ (CGPs) perceptions was conducted. Qualitative semi-structured interviews with senior board members of securities-exchange listed companies were conducted with 10 directors of leading multinational South African corporations listed on Africa’s largest formal financial market; the Johannesburg Stock Exchange. Recursive analysis of the qualitative data revealed key attributes that render a corporate governance code “fulfilling” as a consequence of being perceived as subjectively valuable by practitioners who are the ultimate end-users of the King Codes for advancing good corporate governance practice in each of their respective companies. Findings Two categories of fulfilling micro-perceived value attributes (MPVAs) of corporate governance codes emerged, namely, internal and external MPVAs. The three internal MPVAs are, namely, (I1) Meaningful innovation, (I2) Ethical pragmatism and (I3) Cultural transformation. The three external MPVAs are, namely, (E1) Governance legitimacy, (E2) Societal licencing and (E3) Risk mitigation. From these six attributes, two testable corporate governance code development propositions are advanced, namely, (P1) a corporate governance code with a higher constitution of MPVAs will fulfil CGPs more than one with less. (P2) A more fulfilling corporate governance code will enjoy higher adoption, application and/or compliance rates. Originality/value Illumining the subjective experiential perceptions that constitute the fulfilment of a corporate governance code deepens the pragmatic understanding of the “demand-side” or consumption of such codes in practice. Knowing these fulfilling MPVAs may also result in the development of codes that enjoy wider adoption and compliance rates thereby enhancing global corporate responsibility pragmatism through enhanced good governance. This study sheds light on the nexus where normative corporate governance principles and the enactment thereof meet at the coalface of organisational activity with an emphasis on those attributes that render them valuable to practitioners.
18
Narayanaswamy, R., K. Raghunandan, and Dasaratha V. Rama. "Corporate Governance in the Indian Context." Accounting Horizons 26, no. 3 (September 1, 2012): 583–99. http://dx.doi.org/10.2308/acch-50179.
Full textAbstract:
SYNOPSIS We provide a brief overview of corporate governance in India, including a description of Indian contextual differences (as compared to the U.S. and elsewhere) and a discussion of the major events contributing to the evolution of India's corporate governance/accounting/auditing practices since economic deregulation in 1991. We also offer an agenda for future research on important Indian governance/accounting/auditing issues, and briefly address accounting practice implications.
19
V.N., Machuki,, and Rasowo, J.O. "Corporate Governance and Performance: An Empirical Investigation of Sugar Producing Companies in Kenya." European Scientific Journal, ESJ 14, no. 31 (November 30, 2018): 240. http://dx.doi.org/10.19044/esj.2018.v14n31p240.
Full textAbstract:
Corporate governance is concerned with the running of an organization in a way that guarantees that its owners or stockholders receive a fair return on their investments while the expectations of other stakeholders are also met. The study sought to examine the relationship between corporate governance practices and performance of sugar producing companies in Kenya. The study intended to establish the corporate governance practices adopted by the companies and the influence of these practices on their performance. Through a cross-sectional survey of 11 companies, data were gathered using a structured questionnaire and analyzed using both descriptive and inferential statistics. The results indicate that all the studied companies practice some form of corporate governance although the degree of adoption differ across them. The study also revealed that board decisions are not influenced by founder members and that it was not common for board members to engage in financial transactions with the companies. The results of regression analysis show that overall, there is a positive and statistically significant influence of corporate governance practices on performance of the sugar producing companies. The study draws a conclusion that a combination of good corporate governance practices is responsible for a large percentage of good performance achieved by the sugar companies. Individual corporate governance practices acting on their own do not always lead to improved performance. The study offers support for theories that anchor performance implications of good corporate governance as well as findings of previous similar studies. Based on the findings of the study, recommendation for policy and practice are made as well as suggestions for further research.
20
Wan Hussin, Wan Nordin, Norfaiezah Sawandi, and Hasnah Shaari. "Corporate Governance Structure and Firm Performance." Indian-Pacific Journal of Accounting and Finance 1, no. 4 (October 1, 2017): 55–64. http://dx.doi.org/10.52962/ipjaf.2017.1.4.28.
Full textAbstract:
This study analyses the corporate governance structure and performance of Malaysian public university holdings companies from 2010 to 2014. The sample comprises eight public university holding companies. Data was gathered by using three methods; survey, semi- structured interview, and documentation review. The board structure and board sub-committees’ practices of these case organizations were evaluated against the best practice recommendation of (i) the Malaysian Code on Corporate Governance (MCCG) 2012 (ii) the Green Book 2006, and (iii) other relevant acts. The firm performance is measured using four indicators which are sales, profit before tax, net profit margin and return on equity. Overall, this study finds that the practice and structure of corporate governance of the holding companies are excellent. However, there are companies that did not comply with certain parts of the recommendations of Malaysian Code on Corporate Governance 2012 (MCCG) and the Green Book. The study also observed that the practice of governance between the university companies is not uniform. The analysis of firm performance, two companies, show the highest net profit margin and return on equity. One company reported negative earnings and return on equity. The other five companies reported the net profit margin below 10%. The findings provide an insight into the ministry of education as the shareholder to improve the monitoring of the public university holding companies.
21
Makina, Daniel. "Corporate Governance and Financial Inclusion." International Journal of Finance & Banking Studies (2147-4486) 10, no. 4 (October 6, 2021): 12–23. http://dx.doi.org/10.20525/ijfbs.v10i4.1349.
Full textAbstract:
The paper focuses on a scantly researched phenomenon, namely, the extent to which financial inclusion is influenced by corporate governance practices. The question that normally arises is whether corporate governance practices are tailored to supporting the financial inclusion mandate. The other question is whether there are certain corporate governance practices that advance financial inclusion. This paper reviews extant empirical literature on these matters with a view of stimulating debate on the subject. Cognisant that institutions that advance financial inclusion are largely financial institutions, the starting point is relating to contemporary corporate governance practice in financial institutions. We know that financial institutions belong to a specific class of corporations whose failure affects society at large because of the financial services they provide. As a result, they are heavily regulated and their corporate governance structures are bound to differ from those of conventional firms. Similarly, we know that financial inclusion institutions are special types of financial institutions with mandates to provide financial services to underserved population segments which equally require special treatment. The scant literature available shows, albeit not conclusive, some evidence of a positive relationship between sound corporate governance and financial inclusion. However, more research on how corporate governance affects different dimensions of financial inclusion is recommended.
22
VORONTSOV, Pavel G. "An action plan to protect and strengthen corporate governance practices in Russian corporations." Digest Finance 26, no. 1 (March 30, 2021): 26–43. http://dx.doi.org/10.24891/df.26.1.26.
Full textAbstract:
Subject. The article considers the corporate governance implementation in Russia under modern conditions and evaluates its efficiency. Objectives. The aim is to identify key areas for strengthening and developing the corporate governance practices in Russian companies that will enable to improve the existing corporate governance model. Methods. The study draws on comparative analysis, ranking, classification, formation of ratings on the basis of sociological surveys. Results. The paper includes recommendations on creating a single standard to assess corporate government practices, which should involve three parties, i.e. the business, rating agencies and the State, and consider their interests. I offer a methodology for overall assessment of components investigated by rating agencies that may help investors understand the business activity of companies. Conclusions. Public companies and State-owned corporations demonstrate the best results in the sphere of corporate governance. It is critical to enhance corporate governance in Russia, which implies developing the corporate legislation, improving the law enforcement practice. Companies should be willing to take measures to perfect corporate governance.
23
Zuckweiler, Kathryn M., Kirsten M. Rosacker, and Suzanne K. Hayes. "Business students’ perceptions of corporate governance best practices." Corporate Governance 16, no. 2 (April 4, 2016): 361–76. http://dx.doi.org/10.1108/cg-08-2015-0117.
Full textAbstract:
Purpose This paper aims to develop a better understanding of business students' perceptions of the relative importance of corporate governance best practices within the context of major area of study and compare student rankings of corporate governance best practices to those of working professionals. Design/methodology/approach Using a previously published survey, data were collected from business students at two Midwestern US universities and analyzed using factor analysis. Findings This research demonstrated that students rank strategic human resource management as the most important corporate governance practice, matching the perceptions of professionals. Accounting majors report significantly greater understanding of corporate governance, the importance of corporate governance to business and the role of understanding corporate governance in their careers as compared to management majors. Research limitations/implications This study is limited by the inclusion of business students at only two US universities. Further studies should be conducted to better understand the similarities and differences between students and professionals and accounting and management majors in their perceptions of corporate governance best practices. Practical implications Managers can use these findings to enhance the training recent college graduates receive on corporate governance topics. Business schools can use these findings to evaluate ways to embed corporate governance throughout the curriculum. Originality/Value This research highlights gaps in current business school curriculum coverage of corporate governance best practices. It compares and contrasts students' and professionals' perceptions of best practices and offers suggestions for managers and educators.
24
Rezende, Amaury Jose, Flavia Zoboli Dalmacio, and Carlos Eduardo Fernandes Facure. "Practice of corporate governance in football clubs." International Journal of Economics and Accounting 1, no. 4 (2010): 410. http://dx.doi.org/10.1504/ijea.2010.037579.
Full text
25
Chris, Grose, Kargidis Theodoros, and Chouliaras Vasilios. "Corporate Governance in Practice. The Greek Case." Procedia Economics and Finance 9 (2014): 369–79. http://dx.doi.org/10.1016/s2212-5671(14)00038-0.
Full text
26
Handoyo, Sofik. "RELEVANSI TATA KELOLA PUBLIK DAN ETIKA PERUSAHAAN." JAF- Journal of Accounting and Finance 3, no. 1 (October 10, 2019): 1. http://dx.doi.org/10.25124/jaf.v3i1.2166.
Full textAbstract:
This study aims to investigate the association of public governance and corporate ethics. Motive of the study was driven by numerous corporate scandals in various countries and practice of good governance both in private and public sector. The study was intended to reveal, whether the country that apply good practice of governance will also lead good practice of corporate ethics in that country. The study adopted exploratory research design which are public governance and corporate ethics proxied as two independent variables. Public governance was represented by attributes namely public accountability, control of corruption, effectiveness government, regulatory quality, rule of law, regulatory quality and political stability. The results show that all public governance attributes are positively and significantly associated with corporate ethics. Pearson correlation coefficient indicates that all attributes of public governance have strong correlation (Pearson correlation (r) > 0.6), except for public accountability attribute. The result implies that the practice of good governance in governmental sector have potential impact on how private sector running their business organizations.
27
A. Oyewunmi, Olabode, and Adebukola E. Oyewunmi. "Corporate governance and resource management in Nigeria: a paradigm shift." Problems and Perspectives in Management 16, no. 1 (March 14, 2018): 259–66. http://dx.doi.org/10.21511/ppm.16(1).2018.25.
Full textAbstract:
The underlying significance of instituting measures for effective corporate governance and rewarding resource management outcomes cannot be relegated. The countries and organizations that deemphasize this practice have mortgaged their potential for long-term growth and corporate sustainability. This paper adopts a critical narrative method to deconstruct the essence of corporate governance and economic resource management ideals. The paper furthers the ongoing conversations on two interrelated business concepts, and provides an apt perspective towards unlocking the essence of corporate governance relative to the Nigeria’s corporate environment. It depicts a corporate paradigm shift that accommodates the dynamics of global best practices taking into account some peculiarities of Nigeria’s corporate climate. The paper also captures relevant theoretical dimensions and pragmatic policy propositions, especially for underperforming socio-economic contexts. In the light of the central theme, specific issues are discussed under the sub-headings of conceptual and theoretical clarifications, corporate governance and resource management in Nigeria, shifting the paradigms, conclusion and recommendations.
28
Yakovlev, A. Y. "Russian practice of corporate governance regulation in different types of joint-stock companies." Management and Business Administration, no. 3 (October 19, 2022): 102–13. http://dx.doi.org/10.33983/2075-1826-2022-3-102-113.
Full textAbstract:
The article examines issues of joint-stock companies corporate governance regulation in Russia. The country has a system of norms on various aspects of corporate governance (laws and regulations, internal documents, written recommendations). Law enforcement and business practice are of great importance. Subjects that own the corresponding blocks of shares have a significant influence. Corporate governance in private organizations is generally less regimented than in state ones. Differences exist in federal and regional joint-stock companies. Authorities independently build corporate governance regulation systems there. In general, Russia has a fairly large number of norms in the designated area, but some of them complicate process of corporate governance. It doesn’t always lead to a desired result.
29
Styhre, Alexander. "Corporate governance varieties." International Journal of Organizational Analysis 26, no. 3 (July 9, 2018): 582–98. http://dx.doi.org/10.1108/ijoa-02-2017-1127.
Full textAbstract:
PurposeCorporate governance is the practice of balancing various stakeholder interests within the legal device of the chartered business. Recent changes in the competitive capitalism including the Great Recession, now entering its second decade, have called for reforms within the defined corporate system. To sketch a wider picture of corporate governance issues and the debate over time, this paper aims to identify two philosophical traditions, a British and liberal tradition and a continental statist tradition, which have bearings for how the legal device of the corporation is understood.Design/methodology/approachThis conceptual paper combines legal philosophy and legal studies, management studies, economics and economic sociology literatures.FindingsIn the former tradition, the firm and its ownership are exclusively associated with irreducibly individual rights. In the latter tradition, property rights remain the core of legal systems, but rather than being an end in itself (as in the liberal tradition), such property rights are merely the starting point for the individual’s wider engagement in social and public affairs. These two traditions enact the firm differently and emphasize specific benefits. In the former tradition, associated with a shareholder primacy model, individual rent-seeking is foregrounded; in the latter tradition, associated with legal and management scholarship, the team production qualities of the firm are emphasized.Originality/valueThis conceptual paper offers an analysis of the roots of differences between Anglo-American and continental corporate governance traditions, a scholarly study that is of great theoretical and practical relevance in the era of the Great Depression.
30
Rasulov Madrahimovich, Nodir, and Mukhammadsidik Amonboyev. "Corporate Governance and Development: The Case of Uzbekistan." JOURNAL OF INTERNATIONAL BUSINESS RESEARCH AND MARKETING 1, no. 6 (2015): 31–36. http://dx.doi.org/10.18775/jibrm.1849-8558.2015.16.3005.
Full textAbstract:
This paper discusses the concept of corporate governance and its application as well as its development in the case of Uzbekistan. The paper briefly focuses on the history of the corporate governance and provides different approaches, which were used to explain the underlying concept of corporate governance. This review of main definitions is followed by necessary regulations adopted for improving the practice of corporate governance in Uzbekistan. The paper also mentions important steps taken in order to develop corporate government principles. Moreover, the legislation of corporate governance is also thoroughly discussed through the paper. Finally, the paper discusses the application of corporate governance principles of developed countries including Germany, USA and UK.
31
Jiang, Yabing, and Wullianallur Raghupathi. "IT-Enabled Corporate Governance." Information Resources Management Journal 23, no. 4 (October 2010): 1–20. http://dx.doi.org/10.4018/irmj.2010100101.
Full textAbstract:
Sophisticated information technologies allow companies to provide stakeholders with more transparency. Web-based disclosures have the advantages of low cost, mass reach, frequency and speed, and yet the extent of Internet disclosure varies across companies and industries. Drawing on interdisciplinary work in information technology and corporate governance, in this paper, the authors examine the S&P 100 companies’ use of the Web for corporate governance information disclosure and analyze the association between the Web disclosing practice and firm attributes. Their findings support the proposition that Web-based disclosure decisions were associated with various firm specific attributes. This study has implications for the strategic role of the Internet and Web in disclosure and transparency.
32
Beksultanova, Aybika, Andrey Seleznev, and Saida Shardan. "Corporate governance under conditions of crisis." SHS Web of Conferences 128 (2021): 01039. http://dx.doi.org/10.1051/shsconf/202112801039.
Full textAbstract:
The study investigates the consequences of the COVID-19 virus pandemic on the activities of the board of directors, corporate governance practices and the strategic context of companies’ activities. The purpose of the study - assess the readiness (after the fact) of the boards of directors to act in a crisis situation, the specifics of the practice of the boards of directors in the new realities, expectations of the long-term impact of the COVID-19 pandemic on corporate governance practices and the strategic context of the company’s activities. The article outlines some issues that are worth considering and that may be useful to the company’s management in terms of crisis management. A set of proposals has been formed to reduce the negative effects associated with the consequences of the pandemic for corporate governance, as well as ideas and practical proposals that can help companies reduce the costs of going through the current crisis.
33
Ramachandran, Jayalakshmy. "Analysing the levels of uniformity in corporate governance practices – Case study of five air lines companies." Corporate Ownership and Control 12, no. 2 (2015): 37–51. http://dx.doi.org/10.22495/cocv12i2p4.
Full textAbstract:
This report provides the analysis of Corporate Governance in Airline Industry of five different countries that are listed on 2013 Index of Economic Freedom provided by the Heritage foundation. The aim of this report is to analyse and discuss the inadequacies in corporate governance practices for the five sample companies chosen. We also analyse the whistle blowing practices adopted and disclosed by the companies. Our analysis reveals that, though there is guidance for best practices of corporate governance, it is difficult to accentuate a single company possessing best governance practices. At the same time while whistle blowing practices are emphasized by stakeholders, our analysis of the five companies reveal that either the companies don’t have a strong whistle blowing policy or they don’t make it transparent to the stakeholders. Our contribution is therefore quite significant as we recommend that strong whistle blowing practices , if made transparent and if motivated to practice, could dilute the effect of not having best corporate governance practices
34
Tzavara, Dionisia, Christos Grose, Sandra Pereira Rebelo Greven, and Maria Argyropoulou. "Evaluating the Quality of Corporate Governance of Swiss Banks." Studies in Business and Economics 16, no. 3 (December 1, 2021): 278–94. http://dx.doi.org/10.2478/sbe-2021-0060.
Full textAbstract:
Abstract The aim of this research is to investigate the corporate governance frameworks of listed Swiss bank, to evaluate their performance across several indicators and identify strengths and weaknesses of their internal guidelines and code of best practice. More specifically, we use the OECD Principles of Corporate Governance, the Basel Committee Guidance on Corporate Governance for Banks and the Swiss Code of Best Practices for Corporate Governance to develop a framework to evaluate the corporate governance of Swiss banks relative to factors such as board structure, board composition, transparency, compensation and risk management To meet the aim of the research, we collect qualitative data from publicly available yearly reports, corporate governance documents and codes of conduct from a sample of listed Swiss banks. We find that, overall, Swiss banks have a sound corporate governance framework. However, board gender diversity is low. Also, there are differences between smaller and bigger banks in board composition. Our findings contribute to the understanding of the corporate governance structure of listed Swiss banks and they can be a useful tool for the banks, which can use our findings to implement enhancements to their corporate governance frameworks.
35
van Leeuwen, Oscar, and Philip Wallage. "Corporate Governance: the way forward." Maandblad Voor Accountancy en Bedrijfseconomie 91, no. 5/6 (June 9, 2017): 122–23. http://dx.doi.org/10.5117/mab.91.24030.
Full textAbstract:
Twintig jaar geleden, om precies te zijn op 25 juni 1997, verscheen het rapport van de eerste Nederlandse Commissie Corporate Governance onder voorzitterschap van Jaap Peters met de titel Aanbevelingen inzake Corporate Governance in Nederland. In 2003 gevolgd door De Nederlandse corporate governance code Beginselen van deugdelijk ondernemingsbestuur en best practice bepalingen. Deze Code, vernoemd naar de voorzitter van de commissie Morris Tabaksblat, werd bij Besluit van 23 december 2004 in de wet verankerd (Stb. 2004, nr. 747). Sindsdien moeten beursfondsen in het bestuursverslag mededeling doen over de naleving van de principes en best practice-bepalingen. Recentelijk is de code onder leiding van Jaap van Manen geactualiseerd en op 8 december 2016 gepubliceerd. De belangrijkste inhoudelijke wijzigingen betreffen onder andere een focus op langetermijnwaardecreatie en aandacht voor risicobeheersing, cultuur en beloning. Het corporate governance-domein kenmerkt zich door de constante zoektocht naar een balans tussen de belangen die verschillende stakeholders in een onderneming hebben.
36
Teixeira, Maísa Gomide, Silvia Morales de Queiroz Caleman, and Jean Carlos da Silva Américo. "Multiple rational management and governance in agriculture cooperatives." Corporate Governance: The International Journal of Business in Society 20, no. 4 (April 27, 2020): 653–71. http://dx.doi.org/10.1108/cg-08-2019-0245.
Full textAbstract:
Purpose This study aims to analyze how multirational management relates to cooperatives’ corporate governance. Design/methodology/approach A typology of agricultural cooperatives’ potential for multirational management in relation to corporate governance is proposed. Coordinates based on data from assembly participation and separation of ownership and control are used to map cooperatives among these typologies. Four case studies representing each typology were conducted, allowing analysis of propositions. Findings By mapping the cooperatives from Mato Grosso do Sul, a reduced potential for multirational management is noted. By analyzing the four case studies, coded as Coop 1, 3, 13 and 16, this study found convergence with P1, P2 and P3. “Coop 1” shows signs of adopting exploitation practice. In “Coop 3,” evidence points to avoidance practice and, analyses of “Coop 13” indicates adoption of tolerance practice. In Coop 16, however, P4 could not be confirmed. Instead of polarizing practices, there is evidence of avoidance practice. Therefore, a positive relation between corporate governance and multirational management can partially be observed. Originality/value There are no records of a paper that has explored the relation of governance and multirational management. Therefore, this research broadens the understanding of how corporate governance can function in the context of cooperative organizations. As well, insight is given on how different mechanisms of corporate governance can influence organizations to adopt explicit or implicit and monorational or multirational methods of dealing with multiple rationalities.
37
Magang, Tebogo Israel Teddy, and Veronica Goitsemang Magang. "Ubuntu or Botho African Culture and Corporate Governance: A Case for Diversity in Corporate Boards." Business and Management Research 6, no. 4 (December 10, 2017): 64. http://dx.doi.org/10.5430/bmr.v6n4p64.
Full textAbstract:
This paper aims to provide a theoretical analysis on the relationship between nationality/ethnicity and compliance with international best practice corporate governance principles. Using Hofstede-Gray cultural-accounting dimensions, the paper attempts to demonstrate that the Ubuntu/Botho culture may in some instances promote/not promote compliance with international best practice corporate governance principles because of the value system(s) of this culture. In view of this, the paper further attempts to present a case for diversity in corporate boards and executive management to enhance corporate compliance with best practice corporate governance principles, performance, disclosure etc. in line with the literature and theoretical arguments on diversity.On one hand, this paper provides future research an opportunity to empirically assess the relationship between corporate compliance with international best practice and nationality/ethnicity (Ubuntu/Botho culture). Future research could also investigate whether the Ubuntu/Botho values hold true today in view of the autocratic regimes in the African continent which have perfected a culture of impunity, corruption and bad governance.
38
Ying, Ma, Gashaw Awoke Tikuye, and He Shan. "Impacts of Firm Performance on Corporate Social Responsibility Practices: The Mediation Role of Corporate Governance in Ethiopia Corporate Business." Sustainability 13, no. 17 (August 30, 2021): 9717. http://dx.doi.org/10.3390/su13179717.
Full textAbstract:
In today’s globalized economy, the corporate company faces ever-increasing competitive and social pressures. This paper aims to identify the impacts of firms’ performance on corporate social responsibility practices using the mediating roles of corporate governance evidence from Ethiopia’s corporate business. The impacts of firms’ performance on CSR and corporate governance as a mediator variable were studied using a sample of TIRET corporate companies, in the Amhara region, Ethiopia. The structural equation model and multiple regression analysis were estimated and tested using 21 corporate companies. The derived model reveals how corporate governance mediates the favorable relationship between CSR and firm performance. The result indicates that a firm’s performance is the most significant influencing factor on CSR among the impacts examined in this study. Corporate governance has a positive role in serving as a legitimacy source for CSR practice. This study discusses the significance of results-based resource theory and presents the conclusion and implications. To solve the gaps in firm performance, return on asset, debts on capital structure, and governance, the corporate firms should identify unproductive enterprises and outsource non-core values. To overcome the existed inefficiency difficulties, this study proposed that corporate enterprises should be restructured, rebranded, reconsider their business models, and acquire technology-based firms. This paper contributes to CSR literature in the context of emerging economies. Firms, policymakers, and practitioners may take steps to improve CSR practice. In general, we conclude that in Ethiopia, including in the Amhara region, socially responsible corporate enterprises are more likely to be successful, and vice versa.
39
Mancilla-Rendón, Enriqueta, Carmen Lozano, and Enrique Torres-Esteva. "Fuzzy Governance Model." Mathematics 9, no. 5 (February 26, 2021): 481. http://dx.doi.org/10.3390/math9050481.
Full textAbstract:
This article aims to analyze the functions of corporate governance agents as a key part of the study and evaluation of the internal control by the independent auditor to propose a governance fuzzy model based on legality. This is a descriptive–hermeneutical study based on mercantile-securities law, the code of best practice of corporate governance, and auditing standards. The research design is cross-sectional and uses fuzzy logic theory as an alternative tool in contrast to classical mathematical models. The results suggest that corporate governance agents strongly influence the application of a management system. Evidence is given regarding the positive relationship between the functions of corporate governance agents as a management system. Additionally, the importance of an internal control management system as an inherent mechanism for governance is proven. The scientific value of this work lies in showing how the interaction between the application of mathematical models based on fuzzy set theory and the qualitative attributes of internal control policies and practices. It is a tool to evaluate governance as a management system for decision making. This work emphasizes that a model based on fuzzy sets is useful to evaluate a management system of internal control policies and procedures necessary to improve corporate governance.
40
ACHIM, Monica-Violeta, Sorin-Nicolae BORLEA, and Codruţa MARE. "CORPORATE GOVERNANCE AND BUSINESS PERFORMANCE: EVIDENCE FOR THE ROMANIAN ECONOMY." Journal of Business Economics and Management 17, no. 3 (May 15, 2015): 458–74. http://dx.doi.org/10.3846/16111699.2013.834841.
Full textAbstract:
Our finding contributes towards the understanding of movements regarding the adoption of corporate governance practice in emerging countries such as Romania and its impact on business performances of a company. We have developed two econometric models to assess the business performances of the companies listed on Bucharest Stock Exchange, in order to point out the impact of corporate governance on business performances. Our results are inconsistent for the period 2001–2011, but if we consider only 2011, the results document a positive correlation between corporate governance quality and market value of companies, such it is reflected by Tobin’s Q. Therefore, our results contribute to the studies relating corporate governance and business performances, as it confirms a positive relationship between the two variables which appears once the Romanian emerging economy has began to adopt the best corporate governance practices. Firstly, our research has important implications for managers in order to know that the adoption of the best corporate governance practices could contribute to the financial success of the firm. Secondly, the results are useful for any investor who needs to consider the quality of corporate governance as a good predictor for the best rate of return of theirs investments. Moreover, our findings have also implications on policy-makers and regulatory authorities in European developing countries and offer them a barometer of adopting the best corporate governance practices in European space.
41
Elberry, Noha, and Khaled Hussainey. "Governance Vis-à-Vis Investment Efficiency: Substitutes or Complementary in Their Effects on Disclosure Practice." Journal of Risk and Financial Management 14, no. 1 (January 12, 2021): 33. http://dx.doi.org/10.3390/jrfm14010033.
Full textAbstract:
Prior studies provide evidence that both corporate governance and corporate investment efficiency affect corporate disclosure practice. In this paper, we examine their joint effect on disclosure. In particular, we examine whether corporate governance quality and corporate investment efficiency act as substitutes or complements in their impact on narrative disclosure. We collect disclosure scores from Lancaster University’s Corporate Financial Information Environment (CFIE) website for a sample of non-financial UK companies for the period 2007–2014. We regress measures of corporate governance and corporate investment efficiency on two different proxies of disclosure practice (performance commentaries disclosure and the tone of narrative disclosure). Consistent with prior studies, we find that both governance and investment efficiency affect disclosure. We contribute to narrative disclosure studies in two crucial respects. First, we provide empirical evidence that governance and investment efficiency has a complementary effect on performance commentaries disclosure. Second, we contribute to the disclosure tone literature by providing empirical evidence that both governance and investment efficiency have a substitution effect on the tone of narrative disclosure.
42
Rajablu, Mahmoud. "Corporate governance: a conscious approach for Asia and emerging economies." International Journal of Law and Management 58, no. 3 (May 9, 2016): 317–36. http://dx.doi.org/10.1108/ijlma-04-2015-0017.
Full textAbstract:
Purpose Asian economy in transition is facing great deal of challenges, so its corporate governance. This paper investigates the dominant corporate governance models practiced under the liberal market capitalism, cooperative capitalism, collective capitalism and the state capitalism across the continents and proposes conscious governance approach for Asia and emerging economies. Design/methodology/approach The paper explores and compares Anglo-American and Continental European corporate governance models. The report further investigates the development of corporate governance across Asian publicly listed companies, state-owned enterprises, small and medium enterprises and other privately held large enterprises, and raises questions and concerns and derives conclusion. Findings The Asian experience of imposing Western corporate governance models is more of a simplification of tasks based on political, cultural and globalization needs rather than the regions’ economic, financial and social development reality. Practical implications The unique proposition of conscious corporate governance aligns corporate governance practice with Asian socio-economic transition vision and helps with further development and reforms. Originality/value The paper adds to the existing efforts and triggers a fresh view to the Asian and emerging economies corporate governance research and strategy.
43
Lien, Tran Thi Hong, and David A. Holloway. "Developments in corporate governance: The case of Vietnam." Corporate Ownership and Control 11, no. 3 (2014): 219–30. http://dx.doi.org/10.22495/cocv11i3c2p1.
Full textAbstract:
Corporate governance practices have changed significantly across the world in the past three decades. Spectacular corporate failures during this period have acted as a catalyst for the development of codes and guidelines that have resulted in the global acceptance of a ‘best practice’ model. This study assesses the relevance of such a ‘one size fits all model’ for the developing nation state of Vietnam. The findings of this analytical paper is that there are three key elements (government, international institutions and the nature of business) that are pertinent and central to corporate governance developments in the country. We also find that the quality of corporate governance in Vietnam is at a medium level when compared to international practices. Vietnam still has a long way to go to construct and embed effective corporate governance policies and practices and promote ethical business behaviours and sound decision making at board level.
44
Ambarita, Elfrida, and Dian Anita Nuswantara. "Pengaruh Penerapan Mekanisme Good Corporate Governance Terhadap Praktik Manajemen Laba Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia." AKRUAL: Jurnal Akuntansi 1, no. 1 (October 8, 2009): 28. http://dx.doi.org/10.26740/jaj.v1n1.p28-44.
Full textAbstract:
AbstractThe conflict of interest between agent and principal, asymmetrical information and accounting method selection are able to be used by the manager to do earning management practices. However, it could be reduced by practicing the good corporate governance mechanism which can adjust agent and principal’s interest. The objective of this study is to test the effect of good corporate governance mechanism, as reflected by institutional ownership, managerial ownership, presence of independent board and audit committee existence on the earnings management practice. Using sample from 62 companies in the manufacturing sector at the Jakarta Stock Exchange, which publish financial statement from 2005-2006. This study shows that good corporate governance mechanism insignificantly influence earnings management practice simultaneously. We can infer that mechanism haven’t succeeded to minimize the earnings management practices.
45
Yeh, I.-Jan, Ching-Liang Chang, Joe Ueng, and Vinita Ramaswamy. "Reducing Risk through Governance." International Journal of Risk and Contingency Management 3, no. 2 (April 2014): 43–53. http://dx.doi.org/10.4018/ijrcm.2014040104.
Full textAbstract:
The main purpose of this study is to investigate the determinants of formal governance policy. Many firms have a formal governance policy. Others, however, have no such a policy. This study examines what kind of firm's characteristics that encourage companies to adopt a formal governance policy. Data were collected from Corporate Library. A sample of 3,068 firms from the database of 2010 Corporate Library was analyzed. Results show that when firms have a better financial performance and better corporate governance practice, they are more likely to have a formal governance policy. Specifically, when firms have a better board rating, compensation policy, takeover defense strategy, and accounting practice, firms are more likely to have a formal governance policy.
46
Goergen, Marc, Chris Brewster, and Geoffrey Wood. "Corporate Governance and Training." Journal of Industrial Relations 51, no. 4 (September 2009): 459–87. http://dx.doi.org/10.1177/0022185609339513.
Full textAbstract:
This article uses the notion of national recipes of corporate governance to explore national differences in the provision, extent, range, cost and arrangements made for training by employers. Drawing on an extensive database, careful analysis shows that there are significant differences between the liberal market economies and others in their employer training provision and systems. The research also highlighted considerable differences in practice in coordinated market economies, most notably between the social democracies of the Nordic countries and the Rhineland continental economies. The data also shows evidence of the embeddedness of training systems in the society and the industrial relations systems in which they operate: there are a limited number of clusters of countries that retain distinctive features. These clusters broadly correspond to the five different models of capitalism identified by Amable (2003), with differences encountered being generally on the lines predicted by the latter.
47
Musa, Maizatul Akmal, and Shahril Eashak Ismail. "Shareholder Activism, Institutional Shareholders and Agency Problems in Malaysia." Global Journal of Business and Social Science Review (GJBSSR) Volume 4 (2016: Issue-3) 4, no. 3 (August 2, 2016): 30–36. http://dx.doi.org/10.35609/gjbssr.2016.4.3(5).
Full textAbstract:
Objective - The aim of this paper is to study the effectiveness of institutional shareholder activism in controlling corporate behaviours in Malaysia. Methodology/Technique - this study is investigated by critical reviewing previously published articles. Findings - Earlier researchers have viewed poor corporate governance as one of the main contributing factors to a major corporate disaster. The best practice of corporate governance suggests that shareholders should actively be engaged and involved with the investee companies to provide check and balance to the governance mechanism. This is particularly crucial for companies with suspicions of poor internal governance. The engagements from shareholders, especially the institutional shareholders in critical areas will give impacts to the governance structures and practices of the companies involved. Institutional shareholders usually have the capability to perform interventions throughout the year, not only limited to annual general meetings. Novelty - This study proved that corporate governance provides a structure to facilitate performance and also to enhance corporate sustainability. Type of Paper - Conceptual Keywords: Shareholder activism; institutional shareholders; corporate governance; Emerging Market; Agency problems.
48
Bart, Chris. "Issues in Canadian board transparency." Corporate Board role duties and composition 3, no. 1 (2007): 43–47. http://dx.doi.org/10.22495/cbv3i1art5.
Full textAbstract:
Transparency is considered one of the principles of good corporate governance. But what does it mean – in practice – especially when it comes to Board transparency – i.e. the ability of shareholders to gain knowledge about an organization’s corporate governance practices in order to make an informed assessment of Directors’ individual and collective roles and performance. In a preliminary investigation of Board transparency practices in Canadian listed firms (using data from 2003-2004), it was found that there were wide variations in the nature and quantity of corporate governance practices disclosed. The reasons for these variations are discussed and a number of recommendations for improved disclosure are presented.
49
Murthy, N. R. Narayana. "Corporate Governance: The Key Issues." Vikalpa: The Journal for Decision Makers 24, no. 4 (October 1999): 3–6. http://dx.doi.org/10.1177/0256090919990402.
Full textAbstract:
In the new environmental context, corporate governance is no longer a luxury but a necessity. There is a gap between precept and practice of corporate governance. While we have enough examples of inadequate corporate governance, we do not have many examples of good corporate governance. Feudal mind-set, manifold regulations, lack of concern for society, a sense of insecurity, and greed are some of the reasons for this. We need to do something to bridge the gap. In this context, this perspective looks at the key issues in corporate governance.
50
Kharchilava, Kh P., M. I. Nikishova, and I. A. Petrova. "Value-oriented approach in corporate governance." Management and Business Administration, no. 4 (December 19, 2022): 76–90. http://dx.doi.org/10.33983/2075-1826-2022-4-76-90.
Full textAbstract:
A volatile external environment, a high level of competition, globalization and digitalization of the economy require updating the established principles of corporate governance formation. At the moment, value-oriented corporate governance is becoming increasingly popular. In the article, the authors consider formal and informal mechanisms of corporate governance with an emphasis on values as informal mechanisms that are becoming crucial in modern corporate governance. Theoretical approaches to value-oriented corporate governance are analyzed, the relationship between the values approved in Russian companies and the general level of compliance with the principles of corporate governance is evaluated in the article. To achieve the goal, in the article are used the methods of analysis, comparison, and questioning, the methodology of the National Corporate Governance. Based on the results of the study, it was concluded that companies in which values become an essential part of business culture and practice, demonstrate a high level of corporate governance and high market capitalization. In the largest companies with the best corporate governance practices, documents such as the corporate governance Code, the code of ethics, regulations/policies for resolving corporate conflicts and conflicts of interest are adopted more often than in other companies. The approved business ethics and values of the company, the high level of trust of internal and external stakeholders in the corporate governance system are reflected in the decisions taken that determine the competitiveness and long-term sustainable development of the organization.