Journal articles on the topic 'Employee shareholding'
To see the other types of publications on this topic, follow the link: Employee shareholding.
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 'Employee shareholding.'
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
Bekhouche Ouahdi, Fella, and Fatima Zahra Boukhedimi. "The Contribution of Employee Financial Participation to the Governance of the SME in Algeria." Financial Markets, Institutions and Risks 7, no. 4 (December 31, 2023): 24–37. http://dx.doi.org/10.61093/fmir.7(4).24-37.2023.
Abstract:
Corporate governance aims to control management decisions and determine their general lines. Thus, the application of the governance system must take into account the nature of the company itself, the conditions in which it operates, its organizational structure and the administrative culture of its actors. While good governance remains the result of good practices. The objective of this article is to demonstrate the contribution of employee financial participation in governance, through the governance regime, the rights to decide and control, the characteristics of employee shareholders in Algeria and thus on performance financial of companies with employee shareholding, based on mechanisms applicable to SME contexts. We will address in a synthetic manner the reality of this contribution of the financial participation of PFS employees through a discussion of the empirical results drawn from a questionnaire survey carried out among employee shareholders working in Algerian SMEs. The results show a low percentage of share capital held by employees with low female participation, an absence of association for employee shareholders, employee shareholding was a financial means to safeguard the activity of public sector companies with critical financial situations. Employee ownership is essential for businesses, promoting employee trust and participation. However, this role is only fully understood by a few companies. It serves as both a collective incentive and a control mechanism. Benefits include better management, financial benefits, business sustainability and job preservation. Despite this, 56.8% of employee shareholders prefer to sell their shares, raising questions about their motivations. A lack of voting rights in the shareholders’ council, which requires a review of the regulations to promote employee shareholding in Algeria, in particular for SMEs.
2
Rasli, Amran, Huam Hon Tat, Thoo Ai Chin, and Bandar Khalaf. "Employee engagement and employee shareholding program in a multinational company in Malaysia." Procedia - Social and Behavioral Sciences 40 (2012): 209–14. http://dx.doi.org/10.1016/j.sbspro.2012.03.182.
3
Poole, Michael, and Glenville Jenkins. "The Impact of Profit-Sharing and Employee Shareholding Schemes." Journal of General Management 16, no. 3 (March 1991): 52–72. http://dx.doi.org/10.1177/030630709101600305.
4
Vijayagopal, V., and M. Thenmozhi. "Does Concentrated Shareholding Impact Family Firm Internationalisation?" Indian Journal of Corporate Governance 16, no. 2 (December 2023): 298–322. http://dx.doi.org/10.1177/09746862231206870.
Abstract:
This article investigates whether increase in concentrated shareholding impacts the internationalisation of family firms. Based on a multi-theoretic approach and using zero inflated beta model on a panel data set covering 307 largest Indian listed companies, we observe that concentrated ownership, adverse employee relations and business group affiliation discourage internationalisation. But as family shareholding exceeds 50%, concentrated ownership has an indirect positive balancing impact on internationalisation. Besides, status as a family firm has a significant favourable impact on internationalisation and it moderates the impact of concentrated ownership, adverse employee relations and group affiliation on internationalisation.
5
Harper-Fender, Ann, and Michael Poole. "The Origins of Economic Democracy: Profit-Sharing and Employee-Shareholding Schemes." Southern Economic Journal 57, no. 4 (April 1991): 1196. http://dx.doi.org/10.2307/1060359.
6
Williams, Robert B., Michael Poole, and Glenville Jenkins. "The Impact of Economic Democracy: Profit-Sharing and Employee-Shareholding Schemes." Southern Economic Journal 59, no. 1 (July 1992): 142. http://dx.doi.org/10.2307/1060412.
7
Alshbail, Mohannad. "The Impact of Ethical Leadership in the Relationship between the Disclosure of Social Responsibility and Financial Performance in Jordanian Public Shareholding Industrial Companies." Business Series 2, no. 2 (September 27, 2023): 141–68. http://dx.doi.org/10.59759/business.v2i2.245.
Abstract:
This study aimed to identify the impact of ethical leadership in the relationship between the disclosure of social responsibility and financial performance in Jordanian Public Shareholding industrial companies. The study population consisted of all of the (53) Jordanian Public Shareholding industrial companies listed in Amman Stock Exchange. To achieve the objectives of the study, a questionnaire was developed and distributed to (237) financial managers, heads of accounting departments, internal control managers, and internal auditors in these companies. As (181) questionnaires were retrieved, (169) of them were valid for analysis. In order to test the hypotheses, the structural equation model (PLS-SEM) was used.
The study reached a number of results the most important of which is that ethical leadership has a positive impact on the relationship between disclosure of social responsibility and financial performance in Jordanian Public Shareholding industrial companies. Based on the results of this study, the researchers recommended many recommendations, the most important of which are: increasing the direction of the Jordanian Public Shareholding industrial companies by promoting disclosure of the social responsibility activities for environmental protection, as well as the necessity for the companies’ management to maintain positive relations with their subordinates and all employees. Additionally, the researchers recommend that the managements of these companies increase employee motivation and participation in order to improve the performance and productivity that they seek. Moreover, the researchers recommend conducting more studies on the impact of ethical leadership on the relationship between the disclosure of social responsibility and financial performance in other sectors and comparing their results with those in this study.
8
Li, Chiao-Ming, and Joe-Ming Lee. "Determinants of the impact of ESG policy and corporate governance on employee rights." E+M Ekonomie a Management 27, no. 1 (March 2024): 108–20. http://dx.doi.org/10.15240/tul/001/2024-1-007.
Abstract:
To comply with international development trends in recent years, Taiwanese government agencies have formulated environmental, social, and governance (ESG) legal policies and strengthened publicity for listed firms to prepare sustainability reports. Government agencies are trying to use ESG legal policies to gradually guide firms to take environmental, social, and governance measures and move toward sustainable operations. However, employee rights were easier for firms to ignore in the past, so paying attention to the correlation between employee rights and organizational governance is necessary. This paper aims to analyze the relationship between the organizational governance and employee turnover rate of Taiwanese food firms in the ten years from 2011 to 2021 through a panel regression model. The results show that there is a U-shaped relationship between board size and employee turnover. There is an inverted U-shaped relationship between the development of major shareholders’ shareholding and the strength of human resources. The research results show that organizational governance is significantly related to employee turnover. Finally, this paper believes that paying attention to human resources will contribute to the sustainable development of enterprises. Therefore, in terms of organizational governance policies, although government agencies have formulated relevant reference standards, firms should have functions more conducive to developing human resource measures. These functions include utilizing the guiding energy of the board of directors functions, and shareholding structure design, which will further help the stable development of human resources. Firms need high-quality human resources to make breakthroughs in technology or the market. Therefore, when firms cultivate high-quality human resources, they not only rely on employee welfare conditions but consider long-term organizational governance and human resource development as necessary planning conditions. These factors will drive firms to have the ability to break through the status quo, value all stakeholders, and create an attitude toward sustainable business development.
9
Wang, Han, and Aimin Huo. "The Design Path of the Employee Stock Ownership Scheme of the Conventional Holding and Mixed Ownership Enterprises." E3S Web of Conferences 235 (2021): 01051. http://dx.doi.org/10.1051/e3sconf/202123501051.
Abstract:
Employee stock ownership is one of the common medium and long-term incentive methods for state-controlled mixed ownership. As the current state-controlled mixed-ownership enterprise employee shareholding is still in the pilot stage, the State-owned Assets Supervision and Administration Commission of the State Council is still relatively strict on the implementation of relevant conditions for enterprises. Based on the analysis and research on the relevant policies and corporate practices of employee stock ownership, this paper puts forward the implementation path of state-controlled mixed ownership enterprises to carry out employee stock ownership, and gives reminders and early warnings of common risks in the implementation process.
10
Long, Richard J. "Michael Poole, The Origins of Economic Democracy: Profit Sharing and Employee-Shareholding Schemes and Michael Poole and Glenville Jenkins, The Impact of Economic Democracy: Profit Sharing and Employee Shareholding Schemes." Relations industrielles 46, no. 4 (1991): 872. http://dx.doi.org/10.7202/050729ar.
11
Vo, Thi Quy, Fredric William Swierczek, and Duc Khuong Nguyen. "Corporate Performance Of Privatized Firms In Vietnam." Journal of Applied Business Research (JABR) 29, no. 5 (August 28, 2013): 1437. http://dx.doi.org/10.19030/jabr.v29i5.8025.
Abstract:
We investigate the impacts of state shareholding, corporate culture and employee commitment on corporate performance of privatized firms in the Vietnamese context. Using data collected from a structured questionnaire as well as companies annual reports, we show that only organizational integration significantly affects the performance of privatized firms. Furthermore, employee and customer satisfactions are among the most important drivers of corporate performance. Finally, there is evidence to suggest that privatized firms with less state ownership perform better than those with more state ownership.
12
Akram Ahmad, Muhannad, and Seif Obeid Al-Shbiel. "The effect of ethical leadership on management accountants’ performance: the mediating role of psychological well-being." Problems and Perspectives in Management 17, no. 2 (May 22, 2019): 228–41. http://dx.doi.org/10.21511/ppm.17(2).2019.17.
Abstract:
This paper examined the impacts imparted by ethical leadership on both the performance and well-being of management accountants employed in public shareholding companies operating in Jordan. The mediating effect of psychological well-being was also examined. In testing the study hypotheses, analysis was performed on 93 obtained responses. The structural equation modeling (SEM) approach was used. From the outcomes, the ethical leadership level has significant impact on the psychological well-being of management accountants, while ethical leadership indirectly and significantly affects job performance, but only by way of psychological well-being. All these lend support to the mediating role of the psychological well-being of employees in the delineation of the link existing between ethical leadership and employee performance. Limitations and implications of the study are discussed. The directions of forthcoming studies are proposed as well.
13
Dai, Yan, Zhanfeng Wang, and Chenchen Zhao. "Analysis of BYD Zero Cost Shareholding Incentive Plan." Highlights in Business, Economics and Management 24 (January 22, 2024): 1183–93. http://dx.doi.org/10.54097/gdh8q575.
Abstract:
As a matter of fact, with the continuous entry of new energy into the market, the competition among new energy enterprises has gradually increased. In this case, each new energy enterprise continues to maintain its own original interests and open up a wider market through the reform of the company and financial structure and the implementation of various incentive plans. BYD, as a rapidly rising domestic new energy vehicle, has also made corresponding plan adjustments in recent years. With this in mind, we combined different reference materials and data, through the comparison of BYD company in different periods, to BYD 2022 new proposed "zero cost" employee stock ownership incentive plan to make an analysis. According to the analysis of its implementation motivation, the relationship between decision-makers and shareholders, the effect of implementation and other aspects of the corresponding conclusions and revelation. Overall, these results shed light on guiding further exploration of shareholding incentive plan.
14
Al-Qudah, Shaker, Abdallah Mishael Obeidat, Hosam Shrouf, and Mohammed A. Abusweilem. "The impact of strategic human resources planning on the organizational performance of public shareholding companies in Jordan." Problems and Perspectives in Management 18, no. 1 (March 13, 2020): 219–30. http://dx.doi.org/10.21511/ppm.18(1).2020.19.
Abstract:
Performance management (PM) is a common practice used by organizations to assess and manage employees’ work. Much of PM research is closely related to management practices. Corporations in the public and nonprofit sector continuously develop PM programs to ensure the sustainability of their organizations. The study aims to analyze the impact of strategic human resources planning on the organizational performance of Jordanian public shareholding companies for senior management and functional unit managers (human resources, marketing, finance, and accounting). The researchers surveyed all the public shareholding companies registered with the Jordan Securities Commission (JSC) in 2019, wherein they found that only 60 companies applied strategic planning and human resources planning (HRP) together. Two hundred and twenty questionnaires were distributed in 52 companies surveyed, and 203 were adopted for statistical analysis. Several statistical methods were used, most notably the multiple regression analysis. The researchers found out a statistically significant impact of the strategic human resources planning (integration of HRP and strategic planning; strategic participation) on organizational performance. The results showed that adopting the strategic HRP dimensions leads to an increase in an organization’s overall productivity, employee satisfaction and reputation, as well as reduced operating costs. HR managers must understand the effectiveness of strategically designed HR practices across functions.
15
Poole, Michael, and Keith Whitfield. "Theories and Evidence on the Growth and Distribution of Profit Sharing and Employee Shareholding Schemes." Human Systems Management 13, no. 3 (1994): 209–20. http://dx.doi.org/10.3233/hsm-1994-13306.
16
Zhou, Song, and Nanyun Xiao. "Research on the Path of Improving Enterprise Performance through Employee Stock Ownership Plan in Technological Enterprises." SHS Web of Conferences 178 (2023): 03017. http://dx.doi.org/10.1051/shsconf/202317803017.
Abstract:
In the period of rapid development of the knowledge economy, human capital plays a very prominent role in technology-based enterprises. Technological enterprises have characteristics such as high R&D investment, intensive technological talent, and significant impact of human capital on their competitiveness. Employee stock ownership plans can stimulate innovation vitality and improve innovation efficiency. The research on employee stock ownership in technology-based enterprises is still a relatively new field, and there are still some challenges. Employee stock ownership in technology-based enterprises is an incentive mechanism that can effectively improve corporate performance. This article elaborates on the characteristics of employee stock ownership plans, analyzes the process of their impact on corporate performance, and proposes countermeasures and suggestions. Employee shareholding in technology-based enterprises is not a panacea for all problems, and its successful implementation requires specific design and adjustment based on the company’s own situation. In addition, the implementation of employee stock ownership plans may also face some challenges, such as equity allocation, liquidity management, etc., which require rational allocation of resources and handling of interest relationships.
17
Garfatta, Riadh, and Imen Zorgati. "Employee stock ownership and value creation: evidence from system GMM estimates." Managerial Finance 47, no. 9 (April 1, 2021): 1270–85. http://dx.doi.org/10.1108/mf-10-2020-0517.
Abstract:
PurposeThis paper attempts to examine the nature of the relationship between employee stock ownership (ESO) and value creation in the context of shareholder governance.Design/methodology/approachThe research sample includes 129 French CAC All-Tradable index companies observed from 2015 to 2019. The system generalised moment (GMM) estimator (Blundell and Bond, 1998) is used in the dynamic panel.FindingsThe results estimated from the system GMM model show a threshold effect in the ESO–value creation relationship. For an employee shareholding ratio less than 3%, ESO has a positive impact on value creation; above this level, the impact becomes negative. Furthermore, the nature of the relationship largely depends on the form of employee shareholding.Research limitations/implicationsThese results are with strong economic implications. The risk of CEO entrenchment increases with the rise in share parts owned by employees. Companies with high shareholder value creation are companies with low employee ownership.Originality/valueThe main contribution in this study is that the form of ESO was considered in our analysis, which was not done in previous research. Another contribution is the use of recent data (2015–2019), which takes into account the large-scale development of French ESO practices, especially the absence of crises that may bias the results.
18
Cheng, Fu, Shanshan Ji, and Yucheng Chen. "The Contract Design of Employee Stock Ownership Plan and Enterprise Innovation Investment: Evidence from China." Sustainability 15, no. 3 (February 1, 2023): 2601. http://dx.doi.org/10.3390/su15032601.
Abstract:
Enterprise innovation is a key driver of national economic growth. How to stimulate employees’ innovation vitality to improve the company’s innovation input and output has always been a hot topic. Employee Stock Ownership Plan (ESOP) is one of the effective means to stimulate employees’ innovation vitality by linking employee wealth with firm value. The purpose of this paper is to examine the effect of ESOP implementation and contract design on enterprise innovation investment in the context of the recent booming development of ESOP in China. First, we use a treatment effect model to examine the impact of ESOP implementation on innovation investment, taking firms that implement ESOPs as the treatment group and firms that do not implement ESOPs as the control group. Second, we use multivariate regression models to test the impact of ESOP contract design (including fund source, stock source, lockup period, duration, shareholding scale, executive subscription ratio, participation degree, and management mode) on innovation investment using the treatment group. The results indicate that the implementation of ESOP is helpful in increasing enterprise innovation investment, and the impact of ESOP on innovation investment varies significantly with the design of incentive contracts.
19
Zhai, Dongxue, Xuefeng Zhao, Yanfei Bai, and Delin Wu. "Research on the Effectiveness of Deep Learning−Based Agency Cost Suppression Strategy: A Case Study of State−Owned Enterprises in Mainland China." Systems 10, no. 6 (December 2, 2022): 242. http://dx.doi.org/10.3390/systems10060242.
Abstract:
The mixed ownership reform aims to improve the property rights structure of the state−owned enterprises (SOEs) and reduce agency costs, and the current mixed reform strategies mainly include equity blending by introducing external non−state capital, executive assignments, and employee stock ownership. In this paper, 953 valid data of A−shares listed in Shanghai and Shenzhen from 2008 to 2020 are used as samples to construct the indicators of mixed reform strategy by the literature statistics method. After obtaining multiple impact indicators, the regression impact model of corporate agency cost suppression strategy is constructed by MATLAB software using a machine learning algorithm. On this basis, the performance of multiple machine learning algorithms is compared, and it is found that the integrated optimization−based bag−boosting model is used to study the effect of hybrid reform strategy to reduce the agency costs of SOEs, and the proportional setting of indicators when the effect is optimal is also explored. Finally, the laws of different influencing factors on the agency costs of enterprises are explored separately by the eigenvalue method. The results of the study show that the proportion of shareholding of the first largest non−state shareholder is sin−functional with the agency costs of SOEs when non−state majority shareholders are introduced into SOEs’ equity mix, and the agency costs tend to decrease after SOEs become privately held enterprises. The greater the number and proportion of supervisors appointed by non−state shareholders, the greater the supervisory restraint effect on SOE managers and the better the effect of suppressing agency costs. The participation of non−state−owned shareholders in the company’s business decisions by appointed executives and the special resource advantages of SOEs intensify the occurrence of the self−interest of appointed executives and the increase of agency costs of SOEs. The implementation of an employee stock ownership plan plays the role of employee supervision and restraint on SOE managers, which reduces the agency costs of SOEs. Based on this, it can provide support for the government to improve the hybrid reform policy and promote the process layer by layer, and also provide theoretical reference for SOEs to deepen the equity mix, incentivize employee shareholding, and empower non−state shareholders to govern and thus reduce agency costs.
20
Elouadi, Sara. "Employee Shareholding and the Opportunity Cost of Lending Funds: An Empirical Study in the Context of French Companies in the SBF 250." IOSR Journal of Economics and Finance 08, no. 02 (March 2017): 49–59. http://dx.doi.org/10.9790/5933-0802024959.
21
Bai, Yanfei, Dongxue Zhai, Xuefeng Zhao, and Delin Wu. "The Impact of Property Rights Structure on High-Quality Development of Enterprises Based on Integrated Machine Learning—A Case Study of State-Owned Enterprises in China." Sustainability 15, no. 4 (February 7, 2023): 3016. http://dx.doi.org/10.3390/su15043016.
Abstract:
High-quality development of state-owned enterprises (SOEs) is of great significance to the transformation of the dynamic energy of the Chinese economy in the new development stage and the improvement of quality and efficiency. To this end, we selected 32 evaluation indicators based on three perspectives: social responsibility, effectiveness and efficiency, and independent innovation. Then, we applied the fixed-base efficacy coefficient method and the longitudinal and horizontal pull-out gearing method to obtain the indexes for measuring the level of high-quality development of SOEs by linear weighting. On this basis, a model constructed by an integrated machine learning algorithm was used to explore the impact of changes in the ownership structure of SOEs on the level of high-quality development of enterprises. The study shows that (1) the overall development quality of SOEs has been on an upward trend since 2008, among which the quality of competitive SOEs has been on an upward trend, while the performance of public welfare SOEs is slightly less; (2) the property rights reform of SOEs introduces the shareholding ratio of the largest non-state shareholder and the level of high-quality development as a sine function, keeping the nature of state property rights unchanged, while maintaining the ratio in the range of 25.2–50%; (3) the relationship between the ratio of the share capital of the employee stock ownership plan to the total share capital and the level of high-quality development of SOEs is increasing, then decreasing, and then stabilizing, the ratio is maintained at about 5%, and the marginal effect of the employees’ motivation on the improvement of the quality of enterprise development is stronger; (4) the implementation of an employee stock ownership plan by SOEs more than twice a year can play a positive role in improving the quality of enterprise development. This can provide theoretical guidance for measuring the level of high-quality development of SOEs, reforming the ownership structure of SOEs, and promoting the process of high-quality macroeconomic development.
22
Alim, Ousmanou. "Sustainable Finance and Economical Profitability in Africa." International Journal of Finance and Banking Research 10, no. 1 (June 26, 2024): 11–19. http://dx.doi.org/10.11648/j.ijfbr.20241001.12.
Abstract:
African continent is facing a considerable demonstration of financial institutions and especially bank group which are dominating the banking environment. In the absence of developed financial markets, these bank organisations are at the centre of the economic activity. They are even the main financing source for companies, States, households and represent about 80% of African continent assets. This situation is encouraged by the organisational structure of those banks (subsidiary companies, representative offices, affiliated banks and branches) which permit a better representatively at the level of the continent. This research analyses the influence of sustainable finance principles on the economical profitability of 42 banking groups implanted in African continent between 2010 and 2020. Thus, data used are extracted from annual reports and were analysed through a time cross-sectional regression corrected for any latent heteroscedasticity and serial autocorrelation. At the end, the findings of this research are plural. firstly, green credits and transparency have a non-considerable impact on economical profitability. secondly, employee shareholding and gender diversity have a negative influence on economical profitability. thirdly, corporate environmental responsibility is negatively and highly correlated to bank economic profitability. Finally, philanthropy positively and highly affects economical profitability. One can therefore conclude that the profitability of sustainable finance is mitigated in Africa.
23
Yiranbon, Ethel, Lu Lin Zhou, Henry Asante Antwi, and Numir Nisar. "The Impact of Privatisation of Healthcare Equipment and Technology SOEs on Productivity in Africa." International Journal of Engineering Research in Africa 26 (October 2016): 195–205. http://dx.doi.org/10.4028/www.scientific.net/jera.26.195.
Abstract:
Upon the attainment of independence many African countries emerged with a new spirit of entrepreneurial governance and domestic industrialization. However with time, most of the state owned enterprises (SOEs) set up have been privatized largely because of mismanagement, huge deficits and operational inefficiencies created by many factors. In all material moments, the objective of divesture of SOEs was to stimulate efficiency, productivity and relieve the state of the huge financial burden they bring. Our study examines the methods of privatization of healthcare technology and equipment SOEs in Africa and their impact on post-divestiture productivity based on cases from Ghana, Nigeria, Tanzania and Kenya.We simultaneously collect and model privatization data from International Monetary Fund (IMF) and the World Bank relating to Ghana, Nigeria, Tanzania and Kenya. These were data submitted to the IMF and World Bank as part of the measures to implement the different forms of economic recovery and structural adjustment programs in the respective countries. Our empirical strategy follows the broader literature in estimating reduced form equations for firm performance as a function of ownership, while trying to account for potential problems of heterogeneity (observed and unobserved) and simultaneity bias. We note the insider/employee shareholding accounted for only 23.6 percent of privatization of healthcare equipments and technology manufacturing enterprises on average while mass privatization program accounts for 18.2 percent of the privatization mode. We note that each of these methods yield positive post divestiture labour productivity. However privatization of healthcare equipment and technology manufacturing enterprises by block sale to outside investors generated the highest form of labour productivity.
24
Tanaya, Velliana. "BENTUK KETERLIBATAN PEMEGANG SAHAM DALAM PERBUATAN MELAWAN HUKUM PERSEROAN TERBATAS YANG DAPAT MEMPERLUAS PERTANGGUNGJAWABANNYA." Law Review 17, no. 3 (May 4, 2018): 175. http://dx.doi.org/10.19166/lr.v17i3.834.
Abstract:
<p><em>Limited Liability Company is the most popular form of business entity in Indonesia because law acknowledges the principle of limited liability of its shareholders, which gives advantages for entrepreneurs running a business. Article 3 Subsection 1 Law No. 40 Year 2007 concerning Limited Liability Company stated that company’s shareholders are not personally liable for agreements made on behalf of the Company and are not liable for the Company’s losses in excess of their prospective shareholding. However, in Article 3 Subsection 2 there are some waivers of the principle, one of the exceptions is if the relevant shareholders are involved in illegal actions committed by the Company. It is interesting because in fact, usually, shareholder do not get involved in company’s management. Through normative research with Statute and Conceptual Approach on Piercing the Corporate Veil, shareholders can be accountable for personal responsibility if shareholders in giving his/her voting rights in General Meeting of Shareholders neglect his/her duty of care, or if besides of being shareholders he/she also become Board of Directors and/or Board of Commissioners who runs the Company’s management, or if the shareholders give order or command to Board of Directors or Board of Commissioners or company’s employee to perform actions that causing the Company committed an unlawful act and harm others (tort). Personal liability can be requested if injured party filing a tort lawsuit and set the relevant shareholders as a defendant besides the Company.</em></p>
25
Chhabra, I., S. Gupta, and V. K. Gupta. "State ownership and firm performance: A performance evaluation of disinvested public sector enterprises." Finance: Theory and Practice 25, no. 6 (December 22, 2021): 29–39. http://dx.doi.org/10.26794/2587-5671-2021-25-6-29-39.
Abstract:
The Indian government devised a flexible method to modify the performance of public sector firms through disinvestment in the 1990s to boost commercial strength and bridge the budget deficit. The disinvestment policy intends to reduce the government’s involvement in the country’s economic activities to encourage the private sector. The research aims to empirically examine the financial and operating performance of thirty-two Central public sector enterprises (CPSEs) in India. Further, the paper intends to study the other firm factors that influence the performance parameters. The Wilcoxon signed-rank test and random panel regression model are the methods employed to analyze the data statistically. The results show that the profitability of disinvestment has not brought significantly much improvement post-privatization in PSEs. In contrast, the productivity of employees has improved. Dividend payout ratio and no. of employees have shown improvement after five years of disinvestment, and leverage has insignificantly declined. In addition, state ownership shows a significant negative relationship with the performance variables. It implies that higher the equity shareholding of the government (state ownership) in the CPSEs, would negatively hamper the performance of firms. On the other hand, GDP and firm size are positively affecting the profitability and productivity of employees. The study concludes that the government is required to bring down the equity shareholdings in CPSEs, directing more efforts towards strategic disinvestment. Government should choose strategic disinvestment rather than partial and small-scale disinvestment because neither will offer good results. The decline in leverage shows the availability of cheaper sources of finance. Furthermore, it has been suggested that government interference in operational and administrative functions should be given the least priority.
26
Lakićević, Snežana, and Milan Popović. "Democratization of property relations." Pravo - teorija i praksa 39, no. 3 (2022): 23–37. http://dx.doi.org/10.5937/ptp2203023l.
Abstract:
The process of democratization of property relations has affected, first of all, the European area, and then the other parts of the world. Having been established with a clear economic and social content, without the ideological burden, the employees shareholding and participation have the conditions to expand, strengthen their power and become one of the important factors in the structure of the modern society. In our area, the process of the transformation of social ownership began with the employees shareholding. Company employees were given the right to buy internal shares under privileged conditions. That was the main form of transformation. There was trust in the company to initiate, organize and manage the process of transformation in its own interest. The funds obtained through the issuance of shares, selling a part of the company or the whole company, according to the express provisions of the law, belong to the company or its complex form. Later, already during 90s, ideological properties were unjustifiably attributed to the employees shareholding and participation, which led to their complete exclusion from the economic and legal system. By subsequent regulations, privatization was almost exclusively reduced to selling, thus excluding all other possible different forms of privatization. This approach lost the sight of the basic economic objectives of privatization: there was no acquiring of new capital or new investment cycle; there were neither new business entities capable of receiving and fertilizing the capital emerged, nor the privatization represented an incentive for dynamic development of economy and employment. Economic enterprises were extinguished, and unemployment increased. And now, in a much less favorable economic and social climate, it is reasonable to raise the issue of whether there are still conditions to engage the inner forces that would take upon themselves the responsibility for getting out of the crisis, by introducing the employees shareholding and privatization. A prerequisite for this is certainly the creation of a legal framework for the establishment and development of the employees shareholding and participation. This would simultaneously bring us closer to the legal system of the European Union and its member states, in which the employees shareholding and participation are widely established and legally regulated institutions.
27
Naib, Sudhir, and Swati Singh. "Mindtree: hostile takeover bid by Larsen and Toubro." Emerald Emerging Markets Case Studies 9, no. 3 (November 15, 2019): 1–33. http://dx.doi.org/10.1108/eemcs-08-2019-0223.
Abstract:
Learning outcomes The case explores information technology (IT) company Mindtree’s journey of 20 years from the time it was founded in 1999 to be different from others, and how it became a target for acquisition by an Indian diversified conglomerate in 2019. It offers insights into developing organizational culture and values in an organization, threats faced by a company when promoters dilute their shareholding, and the strategies followed by the acquirer and the target firm. It also deals with the challenges in the acquisition of a knowledge service digital firm. After working through the case and assignment questions, students will be able to: identify the circumstances under which a company can become a target for hostile takeover; describe motivations of the acquirer firm in an acquisition; distinguish between acquisition and hostile takeover, and discuss salient features of Securities and Exchange Board of India (substantial acquisition of shares and takeover) regulations, 2011; list the defenses a target firm can adopt to ward off hostile acquirer; explore strategies followed by acquirer and target firms; analyze important ingredients of organization culture, and importance of cultural congruence in an acquisition; and discuss challenges faced by an acquirer in India, namely, legal, retention of clients and key people in the target firm particularly in hostile environment. Case overview/synopsis The case explores how ten IT professionals founded mid-tier IT services company Mindtree in 1999 in Bengaluru, India (home to Infosys and Wipro) to be different from others – by inserting themselves at a higher level in the value chain, being philanthropic as a part of broader business strategy to attract a certain kind of employee and customer. It developed a culture of equality, consideration and respect. Its attrition rate of 12 to 13 per cent was significantly lower than the Industries. Mindtree crossed annual revenue of US$1bn for FY 2019 and was growing at twice the industry’s growth rate. The most attractive part was that its proportion of revenue from digital services was about 50 per cent as compared to 25-35 per cent of other services vendors. With time, the share of promoters/founders declined and increased one investor’s shareholding of V. G. Siddhartha and his related entities. In early March 2019, the promoters’ stake was 13.32 per cent while Siddhartha had 20.32 per cent. Larsen and Toubro (L&T) one of India’s conglomerate entered into a share purchase agreement on March 18, 2019 with Siddhartha to acquire his 20.32 per cent stake. Immediately, L&T asked its broker to purchase up to 15 per cent of share capital of Mindtree at a price not exceeding INR 980 per share (each share of face value INR 10). This would trigger an open offer by L&T to purchase additional 31 per cent shares of Mindtree. The action of hostile takeover bid by L&T evoked emotional criticism from Mindtree founders. Mindtree efforts to defend itself could not materialize. L&T’s stake crossed 26 per cent on May 16, 2019. After Indian regulator SEBI’s approval, L&T’s open offer to buy shares from Mindtree shareholders commenced on June 17, 2019. The case examines motivation of the acquirer firm particularly when it is a conglomerate, and how a well-performing company became a target for hostile takeover. It looks at vulnerabilities of a target firm, and defensive steps a firm can take to fence itself against such takeover. The case also explores how organizational culture is built in a people-oriented business, namely, digital services, and what role it plays in a merger of two firms. Complexity academic level The case is suited for postgraduate students of management, as well as those undergoing executive courses in management. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 11: Strategy.
28
Guo, Mingyuan, and Shuyu Shen. "Managerial Shareholding and CSR: Does Internal Control Quality Matter?—Evidence from China." Sustainability 11, no. 15 (August 3, 2019): 4206. http://dx.doi.org/10.3390/su11154206.
Abstract:
This paper uses the data of Corporate Social Responsibility (CSR) performance of A-share listed companies in China from 2013–2017 as sample to study on the impacts of managerial shareholding on CSR performance. By dividing the sample into mandatory disclosure group and voluntary disclosure group, we first empirically test the impacts of managerial shareholding on CSR performance. Then, we discuss the role of internal control quality in the impacts of managerial shareholding on CSR performance. Panel data models are employed in the empirical research and robust test. The empirical results show that: Firstly, in mandatory disclosure group, managerial shareholding has no significant impacts on CSR performance. In voluntary disclosure group, managerial shareholding has a positive impact on CSR performance. Secondly, in voluntary disclosure group, internal control quality has a positive role in the impacts of managerial shareholding on CSR performance, but this positive role cannot be supported empirically in mandatory disclosure group. Overall, these findings indicate that CSR performance is influenced by managerial shareholding and varies with CSR disclosure behaviors. The results of robust test also support this conclusion. Finally, we put forward that it would be a good choice for the companies to implement long-term equity incentives and improve internal control quality to promote CSR performance.
29
Petkukjeski, PhD Ljupcho, PhD Marko Andonov, PhD Zoran Mihajloski, PhD Kate Trajkova, and PhD Samir Ljativ. "PARTICIPATION OF EMPLOYEES IN MANAGEMENT BODIES OF THE MACEDONIAN SHAREHOLDING COMPANIES." JOURNAL OF SOCIAL SCIENCE RESEARCH 10, no. 2 (June 30, 2016): 2060–69. http://dx.doi.org/10.24297/jssr.v10i2.4731.
Abstract:
Joint Stock Company is a company in which shareholders participate with investments in the nominal capital which isdivided into shares and the shareholders are not liable for the obligations of the company.Modern joint-stock companies are companies with enormous economic and other powers. Concentration of capital andlabor of these companies gives them a very strong position in the market through which these companies have greatimpact on the economic and political relations as well as on the social situation in the society.Besides the managing bodies (members of the supervisory bodies and non-executive members), the bodies ofmanagement - management (executive directors, board members and other senior workers - managers), shareholdersand employees also are participants in the organization of the company. Each of the participants, including employees hasits place and its role within the activity of the enterprise.Employees are one of the most important factors involved in the realization of the business venture and in the creation ofnew value of the company (profits). As a real consequence of this fact arises the question of their participation in decisionsabout the distribution of newly created value, which can lead to a possible conflict with investors and managers of thecompany.With the participation of employees in the bodies of the shareholders company and in decision-making of importance tothe company, they protect their primarily economic and social rights and interests, and with this, they contributes toeconomic and social peace and stability in the company.The main goal of this paper is to give the legal basis for the practical realization of the right of participation of employees inthe management of the share holders company in the Republic of Macedonia.
30
Peng, Ke, and Yong Bo Kang. "The Effect of Internal Stakeholders on Environmental Performance Information Disclosure: Evidence from China." Applied Mechanics and Materials 448-453 (October 2013): 4407–11. http://dx.doi.org/10.4028/www.scientific.net/amm.448-453.4407.
Abstract:
This study examined the impact of internal stakeholders on environmental performance information disclosure. Based on data from Shanghai A-share companies for the period 2008 to 2011, we differentiated the effects among different groups of internal stakeholders. Our results show that shareholding ratio of the top ten major shareholders and the number of corporate employees positively affects environmental performance information disclosure (EPID) significantly, and institutional shareholding ratio negatively affects environmental performance information disclosure significantly. We do not find shareholding ratios of small and medium-sized investors, qualified foreign institutional investors (QFII) and B-share investors affect EPID significantly. Our results suggest that internal stakeholders do affect environmental performance information disclosure, but the extent varies depending on specific groups of internal stakeholders.
31
Alshareef, Mohammed Naif. "Ownership Structure and Financial Sustainability of Saudi Listed Firms." Sustainability 16, no. 9 (April 30, 2024): 3773. http://dx.doi.org/10.3390/su16093773.
Abstract:
This research assesses the impact of ownership structure on financial sustainability. Panel data from 102 Saudi non-financial listed firms covering 2013 to 2022 were analysed using OLS and fixed effects methods. Further, the GMM was employed to check for robustness. The research outcomes reveal the strong and positive effects of institutional ownership and family shareholding on financial sustainability. This positive impact implies that robust and stringent monitoring of family shareholding and institutional investors may neutralise managerial entrenchment, reduce agency costs and pave the way for financial sustainability. However, government ownership appears insignificant, while managerial ownership exerts a strong negative influence on financial sustainability. The negative effect suggests that managerial shareholding may be counterproductive to organisational efficiency. Importantly, the outcomes look consistent using several econometric models. Therefore, the research findings may further shape policymakers’ understanding of how the diverse monitoring strategies of ownership structure influence financial sustainability. Also, the results may serve as an incentive for managers and standard setters to support firms in embracing institutional and family shareholding. The presence of these shareholders may minimise agency conflicts and maximise firm value for sustainable profitability.
32
Umar, Abbas, and Shehu Usman Hassan. "INSTITUTIONAL SHAREHOLDING A MODERATOR TO AUDIT COMMITTEE CHARACTERISTICS AND EARNINGS MANAGEMENT OF LISTED CONGLOMERATE FIRMS IN NIGERIA." Scholedge International Journal of Business Policy & Governance ISSN 2394-3351 4, no. 10 (February 28, 2018): 98. http://dx.doi.org/10.19085/journal.sijbpg041001.
Abstract:
The relevance of audit committee characteristics in constraining managerial opportunistic tendencies has been explored by various researchers; the confrontational view in terms of the direction of their relationship has paint a vague picture which begs the introduction of other monitoring mechanism that may give a clear cut picture on direction of this relationship. This study uses two-stage least squares model and examines the impact of audit committee characteristics, institutional shareholding on discretionary accruals of listed conglomerate firms in Nigeria. Secondary data were extracted from the annual reports of 6 most active listed firms on the Nigerian Stock Exchange for the period 2006 to 2015. After running the OLS regression, a robustness test was conducted for validity of statistical inferences. A multiple regression was employed using HACC Model. The study documents that audit committee characteristic and institutional shareholding has significant impact on earnings management of the firms, specifically, audit committee size, audit committee financial expertise and institutional shareholding are inversely related with earnings management, while audit committee independence is positively and significantly related with earnings management, but there is no such impact of audit committee meetings. Furthermore, institutional shareholding and audit committee size are inversely related with earnings management; audit committee independence and institutional shareholding are positively, strongly and significantly constraining earnings management, while audit committee financial expertise with committees’ meetings and institutional shareholding reveals no impact on earnings management. In line with the findings, the study recommended that regulatory bodies like CAMA, SEC, and NSE should ensure that listed conglomerate firms in Nigeria strictly adhere with code of best practice so that the interest of various stakeholder’s would be fully protected.
33
Hijazin, Maen Yousef Khalaf, and Dr Saeed Mikhled Ahmad Al-naimat. "The Impact of the Application of International Accounting Standard 34 (IAS 34) on the Industrial Public Shareholding Companies’ Sector in Jordan." Journal of Economics and Public Finance 5, no. 4 (November 8, 2019): p404. http://dx.doi.org/10.22158/jepf.v5n4p404.
Abstract:
This study aims at identifying the extent to which IAS 34 (Interim financial reporting) is applied in the Jordanian public shareholding companies, along with highlighting the impact of its application on individual investors at these companies. Study population consists of all Jordanian public shareholding industrial companies (45 companies) listed at Amman Stock Exchange. Due to the large number of the study population, preparers of financial statements (employees of companies), and individual investors, we have selected a simple random sample. The total number of preparers of financial statements (employees), and individual investors were (500) individuals who were selected for the sample. The results showed that all companies are committed to issue and publish interim financial reports within the period specified for that purpose. There is a statistically significant relationship between the variables relevant to the company including (the firm's nature, profitability, and age) and the compliance with issuing the reports and the information content of the financial statements. Moreover there are statistically significant differences in the extent to which IAS 34 is applied in the Jordanian public shareholding companies. These differences arise due to the personal and occupational characteristics of the preparers of financial statements (gender, age, qualification, position, and experience).
34
Angsoyiri, Dramani. "The Effect of Ownership Structure and Audit Quality on Firm Performance." International Journal of Business, Technology and Organizational Behavior (IJBTOB) 1, no. 2 (April 6, 2021): 65–78. http://dx.doi.org/10.52218/ijbtob.v1i2.10.
Abstract:
The study examined the effect of ownership structure and audit quality on firm performance of listed companies in Ghana. The research employed a quantitative research approach; secondary data was extracted from various annual reports and financial statements of the selected companies. The target population was all 42 listed companies on the Ghana Stock Exchange. The sample size was 20 companies selected from all industries. The study period was 2013-2018 resulted in 160 firm-yearly empirical observations. The study used return on asset (ROA) and return on equity (ROE) as the performance measure. Ownership structure was measured using managerial ownership and institutional ownership, audit quality was also measured with the auditor’s reputation, audit committee size and audit committee independence. The control variables used were board size and firm size. The researcher found a weak positive correlation between institutional and managerial ownership and firm performance. Moreover, there was a positive effect of audit quality on firm performance. It implies that the engagement of the services of the Big 4 audit firms has an incremental effect on firm performance. Audit committee size posited a positive effect on firm performance whereas audit committee independence was seen to harm firm performance. Similarly, board independence showed a positive effect on ROE and a negative effect on ROA. Board size, however, indicated a positive effect on firm performance. The researcher recommended the pressing need of diversifying shareholdings in firms as a sweetener to attract more skills and expertise among shareholders that can be tapped to enhance the performance of firms. However, managers should be protected from unnecessary shareholding meddling.
35
Mahmoud Mohailan, Mohammad Haider Sadiq. "The Impact of Total Quality Management on the Performance of Supply Chains in Jordanian Public-Shareholding Industrial Companies." International Journal of Research and Review 9, no. 12 (December 21, 2022): 205–31. http://dx.doi.org/10.52403/ijrr.20221223.
Abstract:
The study attempt to determine the relative importance of total quality management (TQM) and supply chains in Jordanian public shareholding companies, as well as the impact of total quality management in its dimensions (focus on the customer; senior management commitment to quality; focus on improving operations; and worker participation in decision-making) in supply chains with its combined dimensions (Supply Chain Efficiency, Customer Response, and Product Innovation) in Jordanian public shareholding companies. The descriptive analytical approach was employed in the study, as well as the comprehensive survey method, which was applied to the full study community and to 162 persons working in Jordanian public shareholding industrial businesses at the upper and middle administrative levels. The study tool was delivered to them in the form of a questionnaire created by the researcher specifically for this purpose. A total of 157 valid questionnaires were obtained for statistical analysis. The study revealed a number of findings, the most important of which are: the presence of a high level of total quality management and supply chain performance in the study sample companies, as well as the presence of a statistically significant effect for all dimensions of total quality management on supply chain performance in those companies. The study recommended that Jordanian public shareholding industrial companies continue to improve total quality management dimensions through their understanding of their importance in order to increase efficiency and effectiveness, achieve strategic growth and business success, and develop and improve supply chain performance. Keywords: Total Quality Management (TQM), supply chain performance, public shareholding industrial companies, Jordan.
36
Bani Ahmad, Audeh Ahmad. "The Mediating Role of Corporate Governance on the Relationship between Accounting Information System and Risk Management: The Case of the Jordanian Industrial Shareholding Companies." Journal of Accounting, Business and Management (JABM) 29, no. 2 (November 27, 2022): 113. http://dx.doi.org/10.31966/jabminternational.v29i2.1061.
Abstract:
the primary aim of this study is to examine the mediating effect of corporate governance on the relationship between accounting information system (AIS) and risk management. The population of the study comprised of the entire Jordanian Industrial Shareholding Companies numbering 54. The study objectives were achieved by developing a questionnaire and distributing copies to the employees of the companies accounting departments. Data gathered was analyzed using SPSS 25.0 tool to test the relationships between AIS, corporate governance and risk management. Based on the findings, corporate governance fully mediated the relationship between AIS and risk management in the context of the Jordanian Industrial Shareholding Companies.
37
Shahwan, Yousef, Mohyedin Hamza, Husam Khalel Lubad, and Ola Muhammad Khresat. "Social responsibility accounting and financial performance during COVID-19: A survey of the firms listed in Amman Stock Exchange." Journal of Governance and Regulation 12, no. 1 (2023): 93–99. http://dx.doi.org/10.22495/jgrv12i1art9.
Abstract:
The need to activate the concept of social responsibility accounting has increased, especially in light of the difficult economic challenges and the increase in competition between companies (Shahwan et al., 2022a). This study aims at identifying the impact of applying social responsibility accounting on the financial performance of public shareholding companies listed on the Amman Stock Exchange (ASE) during the COVID-19 pandemic. To achieve the aim of this study, the researcher developed a questionnaire, where the study population consisted of public shareholding companies and the population was 173 companies according to the ASE. In this study, questionnaires were used to collect the data, and the Statistical Package for the Social Sciences (SPSS) used to analyze the data. This study finds that there is a significant impact of social responsibility accounting on the financial performance represented by the return on assets for public shareholding companies listed on the ASE during the COVID-19 pandemic. This study recommended that there is a need for public shareholding companies to work to apply the activities related to social responsibility accounting in its various dimensions (employees, environment, society, and product). In addition, the companies should work to meet the desires of all members of society, which will lead to an increase in the community’s confidence in the company, and this will reflect positively on its financial performance in general and the return on assets specifically.
38
Kairupan, David. "REGULATION ON FOREIGN INVESTMENT RESTRICTIONS AND NOMINEE PRACTICES IN INDONESIA." Mimbar Hukum - Fakultas Hukum Universitas Gadjah Mada 25, no. 2 (March 29, 2014): 313. http://dx.doi.org/10.22146/jmh.16087.
Abstract:
Certain provisions of Presidential Regulation No. 36 of 2010 concerning Negative Investment List are not clearly stipulated. In relation to the restrictions of foreign investment in certain business sectors asspecified in the Negative Investment List Article 33 para. (1) and (2) of the 2007 Investment Law expressly prohibits investors from entering into any nominee shareholding documentation. Notwithstanding, manynominee shareholding practices are still employed in Indonesia, aiming to circumvent such restrictions.This paper addresses certain issues on Presidential Regulation No. 36 of 2010 and nominee shareholding practices in Indonesia. Beberapa ketentuan dalam peraturan Presiden No. 36 Tahun 2010 yang mengandung ketentuan Daftar Negatif Investasi tidak dirumuskan secara jelas. Sehubungan dengan pembatasan kepemilikan modal asing di beberapa sektor usaha, Pasal 33 ayat (1) dan (2) Undang-Undang Penanaman Modal No. 25 Tahun 2007 secara tegas melarang penanam modal membuat dokumen-dokumen yang terkait dengankepemilikan saham secara nominee. Namun demikian, praktik kepemilikan saham secara nominee masih sering dilakukan di Indonesia untuk menghindari pembatasan tersebut. Tulisan ini akan membahasbeberapa permasalahan yang berhubungan dengan Peraturan Presiden No. 36 Tahun 2010 dan praktek kepemilikan saham secara nominee di Indonesia.
39
Teacher Moaath Ghassan Ismail. "The effect of the effectiveness of human resources management on the performance of employees: an exploratory study in the Babylon Hotel, a joint stock company - in the city of Baghdad." Economic and Administrative Studies Journal 2, no. 3 (August 28, 2023): 35–51. http://dx.doi.org/10.58564/easj.1.3.2023.3.
Abstract:
The aim of this research is to find out the impact of the effectiveness of human resources management practices on the performance of employees in the Babylon Hotel Mixed Shareholding Company. In order to achieve the objectives of the research, the researcher designed a questionnaire consisting of (25) questions in order to collect primary data from the research samples. The society consists of the corporate sector in Iraq, and the Babylon Hotel mixed shareholding company has been selected as one of the largest companies in Iraq in the city of Baghdad. As for the research sample, it consisted of administrators in the Babylon Hotel Company and employees in the Human Resources Department (department manager - assistant manager - department head - employees - another job position), then the questionnaire was distributed to the research sample consisting of (25) items, collected and then analyzed using the program spss statistical analysis using a number of analyses. The research concluded that the job performance of employees is greatly affected by the practices of modern human resources management, all practices positively affect the performance of employees. They have the right to choose appropriate training programs, develop evaluation criteria, and follow the open-door policy to allow workers to participate in decisions, proposals, and develop policies and strategies that raise the performance of the institution in general and lead to its development and prosperity.
40
Teacher Moaath Ghassan Ismail. "The effect of the effectiveness of human resources management on the performance of employees: an exploratory study in the Babylon Hotel, a joint stock company - in the city of Baghdad." Economic and Administrative Studies Journal 2, no. 3 (August 28, 2023): 35–51. http://dx.doi.org/10.58564/easj/1.3.2023.3.
Abstract:
The aim of this research is to find out the impact of the effectiveness of human resources management practices on the performance of employees in the Babylon Hotel Mixed Shareholding Company. In order to achieve the objectives of the research, the researcher designed a questionnaire consisting of (25) questions in order to collect primary data from the research samples. The society consists of the corporate sector in Iraq, and the Babylon Hotel mixed shareholding company has been selected as one of the largest companies in Iraq in the city of Baghdad. As for the research sample, it consisted of administrators in the Babylon Hotel Company and employees in the Human Resources Department (department manager - assistant manager - department head - employees - another job position), then the questionnaire was distributed to the research sample consisting of (25) items, collected and then analyzed using the program spss statistical analysis using a number of analyses. The research concluded that the job performance of employees is greatly affected by the practices of modern human resources management, all practices positively affect the performance of employees. They have the right to choose appropriate training programs, develop evaluation criteria, and follow the open-door policy to allow workers to participate in decisions, proposals, and develop policies and strategies that raise the performance of the institution in general and lead to its development and prosperity.
41
Wang, Fenghua, Yuhan Jia, Guanwei Li, Monica Lam, and Ye Liu. "An Empirical Study of the Relationship Between Digital Transformation, Corporate Social Responsibility and Financial Performance." Business Ethics and Leadership 8, no. 1 (April 3, 2024): 57–73. http://dx.doi.org/10.61093/bel.8(1).57-73.2024.
Abstract:
The article investigates the impact of corporate social responsibility (CSR) and digital transformation (DT) on corporate financial performance (CFP) indicators, as well as the moderating effect of DT on the relationship between CSR and CFP indicators. The study was conducted using Stata 17.0 software based on data (5709 observations) on 558 A-share listed manufacturing companies of the Shanghai and Shenzhen Stock for 2012-2021 (excluding financial and insurance companies, ST and ST* companies, as well as companies with incomplete data). The independent variable used in the modelling process is the CSR rating report of the Hexun website, indicators of which are reconstructed by dividing them into strategic CSR (shareholder responsibility, employee responsibility, customer responsibility) and altruistic CSR (environmental responsibility and social contribution). The dependent variable is 2 CFP indicators: return on equity (ROE) and TOBIN’s Q. The DT index is used as a moderating variable, for the calculation of which the texts of companies’ annual reports were segmented using the Python programming language and standardised data on the frequency of keywords in 4 dimensions: digital technology application, Internet business model, intelligent manufacturing and contemporary information system; the weights for each dimension index was determined using the entropy approach. The control variables are corporate assets (Size), financial leverage level (Lev), current ratio (Cur), firm growth (Gro), shareholding ratio of the largest shareholder (First) and technological innovation (RD) of companies. The study also considered the year and industry factors. To study the moderating effect of DT on the relationship between CSR and CFP indicators of companies in different situations, the grouping variables chosen were the ownership type (state-owned and non-state-owned companies), the enterprise lifecycle (cash flow portfolio method was used to identify its stages) and the degree of market competition (Herfindahl-Hirschman Index). The modelling is based on a fixed-effects regression model. The study found that both CSR and DT have a positive impact on CFP, and that DT moderates the relationship between CSR and CFP, indicating that integrating digital technologies with sustainable development strategies can enhance financial benefits. The study also highlights the importance of different dimensions of corporate social responsibility. A high level of digital transformation strengthens the promotion effect of strategic social responsibility on current and future financial success of companies. Meanwhile, the promotion effect of altruistic social responsibility on current financial performance is significant. Heterogeneity analysis shows that the positive moderating effect of digital transformation on the relationship between corporate social responsibility and financial performance mainly applies to private firms, firms in the mature stage, and firms with low market competition. The article offers practical advice for businesses seeking to use digital transformation to maximise economic and social value.
42
Bassam Khalil Bouqalieh, Bassam Khalil Bouqalieh. "The Impact of Applying Corporate Governance Rules on Companies Going Concern - Applied Study on Jordanian Public Shareholding Industrial companies listed on the Amman Stock Exchange." journal of King Abdulaziz University Economics and Administration 35, no. 2 (May 7, 2021): 115–45. http://dx.doi.org/10.4197/econ.35-2.5.
Abstract:
This study aimed to examine the effect of applying corporate governance rules on going concern of 51 Jordanian Public Shareholding Industrial companies listed on the Amman Stock Exchange. The data were collected through the annual reports of these companies over the period 2011-2016 (Time Series Data). The research methodology employed content analysis of annual reports, Stepwise Multiple Regression and descriptive statistics. The findings of this study provide evidence of a positive association between corporate governance (Number of Independent Directors, Board Size, CEO Duality, and Ownership Concentration) and going concern of Jordanian Public Shareholding Industrial companies. In the same aspect the study revealed that there is positive association between corporate governance and both of return on assets and net cash flow from operating activities as indicators for going concern. The study recommends that companies should enact a standard pertaining going concern and financial forecasting. Thus, companies can take the necessary precautions to avoid financial failure that affect going concern negatively
43
Bassam Khalil Bouqalieh, Bassam Khalil Bouqalieh. "The Impact of Applying Corporate Governance Rules on Companies Going Concern - Applied Study on Jordanian Public Shareholding Industrial companies listed on the Amman Stock Exchange." journal of King Abdulaziz University Economics and Administration 35, no. 2 (May 7, 2021): 115–45. http://dx.doi.org/10.4197/eco.35-2.5.
Abstract:
This study aimed to examine the effect of applying corporate governance rules on going concern of 51 Jordanian Public Shareholding Industrial companies listed on the Amman Stock Exchange. The data were collected through the annual reports of these companies over the period 2011-2016 (Time Series Data). The research methodology employed content analysis of annual reports, Stepwise Multiple Regression and descriptive statistics. The findings of this study provide evidence of a positive association between corporate governance (Number of Independent Directors, Board Size, CEO Duality, and Ownership Concentration) and going concern of Jordanian Public Shareholding Industrial companies. In the same aspect the study revealed that there is positive association between corporate governance and both of return on assets and net cash flow from operating activities as indicators for going concern. The study recommends that companies should enact a standard pertaining going concern and financial forecasting. Thus, companies can take the necessary precautions to avoid financial failure that affect going concern negatively
44
AlKababji, Majdy. "The possibility of integration between Six Sigma approach and Balanced Scorecard of Palestinian Shareholding Industrial companies." Al-Balqa Journal for Research and Studies 23, no. 1 (2020): 85–103. http://dx.doi.org/10.35875/1105-023-001-007.
Abstract:
This study aims to identify the possibility of integration between Six Sigma approach and Balanced Scorecard (BSC) of Palestinian Shareholding Industrial companies. The study achieved its goal by identifying relationship between the Six Sigma approach and the dimensions of the Balanced Scorecard (BSC) : (Customer perspective, Financial perspective, Learning and development perspective, Internal processes perspective, the Social perspective), In addition, the study attempts to identify the difficulties that hinder the integration of the approaches. To achieve the objectives of the study, the descriptive analytical approach has been used. A questionnaire was designed and distributed to administrative employees in the shareholding industrial companies listed on the Palestine Exchange, which number (13) companies. The results of the study found that the Palestinian Shareholding Industrial companies implement the integration approach by focusing companies on benefiting from the benefits generated by the integration of the Six Sigma approach and Balanced Scorecard. It also asserted the presence and impact of a direct relationship between the Six Sigma approach and the dimensions of the Balanced Scorecard. The results also show that there are difficulties and obstacles faced by companies when applying the integration of Six Sigma approach and Balanced Scorecard. . The two researchers presented a number of recommendations, the most important of which are: The need to prepare for the preparation of trained professional personnel based on the Six Sigma methodology, as well as on how to deal with balanced performance card in order to respond to rapid environmental changes
45
Bé, Dominique. "The evolution of capitalism and the future of employment policy in the EU." Transfer: European Review of Labour and Research 14, no. 1 (January 1, 2008): 45–62. http://dx.doi.org/10.1177/102425890801400106.
Abstract:
The emergence of the financial capitalism model in continental Europe is not unrelated to the debate on reform of the European social model, the paradox being that now that workers have gained ownership of the means of production, they actually control them less and less. This evolution is liable to affect the basis of a social model traditionally anchored in Rhineland capitalism, the more so in that the globalisation of financial flows has reduced the control exercised by the EU over its enterprises. The trade unions are concerned at the impact of these developments on companies' behaviour in the social sphere, in particular as regards the co-determination, information and consultation of workers. Yet the development of employee shareholdings and pension funds opens up new opportunities for trade union action, entailing the growing involvement of employees in corporate governance which is thus becoming a major challenge for workers and, more broadly, for employment policy and its relationship to other policy areas, above all the internal market.
46
Tanko, Udisifan Michael, Suleiman Lawan Waziri, and Aminu Yusuf. "Firm Attributes and Tax Avoidance of Nigerian Oil and Gas Firms: Moderating Role of Managerial Ownership." Journal of Accounting Research, Organization and Economics 5, no. 1 (May 3, 2022): 44–57. http://dx.doi.org/10.24815/jaroe.v5i1.22813.
Abstract:
The study examined the moderating effect of managerial ownership on the relationship between firm attributes and tax avoidance in Nigerian listed oil and gas firm for the period of 2011-2020. Secondary data were extracted from the financial reports and accounts of the companies. The study employed Generalized Least Square (GSL) estimator of the regression model. Study revealed that leverage has positive significant effect on tax avoidance. The study reported that board financial expertise has positive and significant impact on tax avoidance. The study documented that managerial ownership has significant positive impact on tax avoidance. Similarly, managerial ownership positively and significantly moderates the relationship between firm size and tax avoidance. The study recommends that, the board of directors in the oil and gas firms in Nigeria should ensure that shareholding of the insider managers is increase in such a way that the proportion of their shareholding should be minimal which should not be less than 20% of the total shareholding in the company as it was found being among the factors that increase tax avoidance. Doing this will encourage managers to put more effort to work toward improving firm performance. The study also recommends that as leverage improve tax avoidance, firms should obtain more debt than equity to advantage of interest on loan which is tax deductible. Since board financial expertise increase tax avoidance, firm should encourage for inclusion of financial expertise as member of board of director in order to take decision on tax issues which will benefit the company.
47
Olanisebe, Moses, Sadiq Abdullahi, and Kabiru Dandago. "Managerial Ownership and Tax Avoidance of Listed Companies in Nigeria with Profitability as Mediating Variable." FUDMA Journal of Accounting and Finance Research [FUJAFR] 1, no. 1 (July 7, 2023): 1–26. http://dx.doi.org/10.33003/fujafr-2023.v1i1.2.1-26.
Abstract:
This paper examines the mediating effect of profitability on the relationship between managerial ownership and tax avoidance of listed companies in Nigeria. The study employed a correlational research design using data from the Nigeria Exchange Group (NGX) over the period of twelve years (2010-2021). Data was extracted from the annual report and accounts of the 121 out of 156 companies that were listed for the period. The data collected were analyzed using descriptive statistics, correlation and Structural Equation Modeling (SEM) were used as techniques for data analysis while Monte Carlo model was used to determine the level of significance of the indirect effects and the hypotheses formulated were tested. The study’s findings demonstrate that managerial ownership affects tax avoidance behavior and that the relationship between managerial ownership and tax avoidance is mediated by the level of profitability. Based on these findings, the study recommended that shareholders need to pay closer attention to corporate tax matters to verify that the business has complied with its tax duties accurately and completely. Also, to reduce the level of principal-agent conflicts and enhance tax avoidance by monitoring management activities, listed companies in Nigeria should encourage managerial shareholding because some directors do not have share in sampled companies. Furthermore, the findings could be employed to inform policy makers on effective managerial shareholding on tax avoidance among listed companies in Nigeria.
48
Asif, Muhammad, Sheraz Khan, and Qasim Shah. "Impact of Foreign Shareholdings on Agency Cost: Empirical Evidence from Pakistan." Journal of Independent Studies and Research-Management, Social Sciences and Economics 19, no. 2 (December 31, 2021): 46–70. http://dx.doi.org/10.31384/jisrmsse/2021.19.2.3.
Abstract:
The purpose of this research is to investigate the effect of foreign shareholdings (FS) on agency cost and firm’s performance in nonfinancial listed firms of the Pakistan Stock Exchange (PSX). The authors employed the data set of agency cost, FS and corporate governance from 2012 to 2016. According to the recent literature Foreign Shareholdings (FS) can also be used as a powerful remedy to mitigate the dual type of agency problems. This study uses two proxies for agency cost, i.e. AUR and DER, and one for firm performance, i.e. Tobin’s Q, as dependent variables. Foreign direct investment is used as an explanatory variable and twelve independent variables. The study found that a higher level of the FS decreases the agency cost level under the asset utilisation ratio. It implies that foreign investment can benefit from employed assets due to superior abilities and advanced technology. While under discretionary expenditure ratio, FS has not significantly influenced agency cost. It is also found that FS significantly increase market base performance. The findings clarified that foreign investors play an important role in reducing agency costs and improving firm performance. In addition, the empirical evidence drifted towards the critical policy implication for emerging markets to allow foreign investors to invest in their firms to obtain maximum gains.
49
Rahman, Rahayu Abdul, Asheq Rahman, Erlane K. Ghani, and Normah Hj Omar. "Government-Linked Investment Companies and Real Earnings Management: Malaysian Evidence." International Journal of Financial Research 10, no. 3 (May 19, 2019): 299. http://dx.doi.org/10.5430/ijfr.v10n3p299.
Abstract:
This study examines the association between government-linked investment companies’ (GLICs’) shareholdings and real earnings management activities in Malaysia. Consistent with prior research, this study uses three proxies to measure real earnings management; abnormal cash flow from operations (RCFO), abnormal production costs (RPC), and abnormal discretionary expenses (RDE). This study segregates GLICs’ shareholdings into two categories; Federal Government Pension Investment Funds (FGPIF) and other GLICs (OFGLIC). Using a sample of 213 firm-year observations of Malaysian government-linked companies from 2010 to 2015, this study finds that FGPIF is a more effective monitoring mechanism than OFGLIC in limiting real earnings management. The findings also show that there is a significant and negative relationship between Employee Provident Fund (EPF), Khazanah Nasional Berhad (Khazanah), Permodalan Nasional Berhad (PNB) and RCFO and RPC. The evidence suggests that these three are the most effective government institutional investors in promoting corporate governance, which in turn limit real earning management activities in Malaysia. In general, the findings support the incentive alignment hypothesis, which argues that companies with government intervention are normally better governed.
50
Sauoud elkhadi, Lama fares. "أثر أ رس المال الفكري على الإفصاح المحاسبي بالقوائم المالیة للشركات المساهمة العامة الصناعیة الأردنیة –د ا رسة تطبیقیة." Finance and Business Economies Review 2, no. 2 (June 30, 2018): 134–56. http://dx.doi.org/10.58205/fber.v2i2.1588.
Abstract:
This study aimed to identifying the intellectual capital and its impact on accounting disclosure inthe financial statements of the Jordanian industrial public shareholding companies throughstudying the dimensions of intellectual capital efficiency (human capital efficiency, structuralcapital efficiency, and capital adequacy efficiency) on the level of accounting disclosure ofJordanian Industrial public shareholder Companies. The sample of the study consisted of 39Jordanian industrial public shareholding companies listed on the Amman Stock Exchange for theyear 2016. The disclosure indicators were obtained through financial reports for the year ended at31/12/2016. In order to analyze the data obtained from financial reports simple and multiplelinear regressions analysis was performed to test the hypotheses.The study recommended the adoption of a clear strategy related to the development of intellectualcapital and its components in industrial companies and executes it because of its strategic role inachieving the objectives of companies. Industrial companies need to increase their expendituresallocated to the scientific research and development to improve the company's production andoperational operations, and increase administrative efficiency and productivity of workers.Industrial companies need to pay more attention to increase the level of investment in humancapital, and to the process of developing competencies, skills وabilities, and stimulating creativityand innovation among employees, through providing incentives in various forms.