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Articles 1 - 13 of 13
Full-Text Articles in Business
Board Structure In State-Owned Enterprises (Soes): Two-Tier Model Analysis On The Implementation Of Corporate Governance In Indonesia, Umanto Umanto, Ika Sri Hartantiningsih, Novita Ikasari
Board Structure In State-Owned Enterprises (Soes): Two-Tier Model Analysis On The Implementation Of Corporate Governance In Indonesia, Umanto Umanto, Ika Sri Hartantiningsih, Novita Ikasari
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi
The discussion on corporate governance is focused on the duties of the board of commissioners (BOC). This is important, especially for countries that use the two-tier board model, such as Indonesia. This qualitative study aims to analyze the fulfillment of the number and composition of commissioners as well as the process of appointment and dismissal of commissioners in state-owned enterprises (BUMN) listed on the Indonesia Stock Exchange. The results showed that BUMN had fulfilled the number and composition of commissioners. In addition, the existence of an audit committee and board of commissioner meetings is a component that plays an important …
Internal Corporate Governance And Bank Risk Taking Behavior: Evidence From Developed And Emerging Economies, Ghulam Subhani, Shumaila Zeb
Internal Corporate Governance And Bank Risk Taking Behavior: Evidence From Developed And Emerging Economies, Ghulam Subhani, Shumaila Zeb
Business Review
The study aims to evaluate the impact of board structure and ownership structure on bank risk taking behavior in developed and emerging countries. To fulfill this objective, the study used annual data of 100 large commercial banks for the period 2006-2017 from twelve countries. Zscore is used as the main proxy of bank risk taking behavior. Internal corporate governance is measured by board size, board independence, CEO power, gender diversity, state ownership and foreign ownership. The study controls the issues of endogeneity by applying a two-step generalized method of moments (GMM) econometric approach. The main findings of the study indicate …
Corporate Board Leadership And Earnings Informativeness, Chiyachantana N. Chiraphol, Siripen Pattanawihok, Pattarawan Prasarnphanich
Corporate Board Leadership And Earnings Informativeness, Chiyachantana N. Chiraphol, Siripen Pattanawihok, Pattarawan Prasarnphanich
Research Collection Lee Kong Chian School Of Business
This study examines the relationship between six board compositions and the informativeness of earnings. The results show that smaller board sizes are more informativeness of earnings. Longer board service time is viewed as the experience and expertise to manage the firms and increases informativeness of earnings. The average board tenure is positively significant with the informativeness of earnings. The accounting earnings generated from the firms with more independent directors and female directors are highly valued by the investors. Consequently, the accounting earnings generated from these firms are highly valuable to the investors.
Board Composition, Board Diversity And Stock Performance, Chiyachantana N. Chiraphol, Siripen Pattanawihok, Pattarawan Prrasarnphanich
Board Composition, Board Diversity And Stock Performance, Chiyachantana N. Chiraphol, Siripen Pattanawihok, Pattarawan Prrasarnphanich
Research Collection Lee Kong Chian School Of Business
The study investigates the relationship between six board compositions and stock returns. The results indicate a significant association between various board compositions and stock returns. Specifically, board size and executive directors have a negative impact, whereas independent directors enhance stock returns. Busy directors positively impact the abnormal stock returns for the companies in the non-financial industry, which implies that busy directors who serve on more boards tend to be well connected. More importantly, the results indicate a significant positive relationship between board tenure and stock returns. Board service time is perceived as the board quality of knowledge and experience from …
Corporate Governance And Financial Performance: An Empirical Study On Cement Companies Listed In Saudi Stock Market, Mohammed Bajaher
Corporate Governance And Financial Performance: An Empirical Study On Cement Companies Listed In Saudi Stock Market, Mohammed Bajaher
Jerash for Research and Studies Journal مجلة جرش للبحوث والدراسات
This paper investigates the impact of corporate governance on financial performance by cement firms listed in Saudi stock market during the period of 2012-2016. Many studies have examined the association between corporate governance mechanisms, ownership structure and firm performance, the most of them conducted in the developed countries, produced diverse findings, influenced by the nature of the dominant governance system for each country. Using the Least Ordinary Square (OLS), the results of the current study revealed that managerial ownership and firm size have a positive and significant impact on firm performance. However, board independence, board size, board meeting and audit …
The Complexity Of Governance And Internal Audit Independence, Lily Bi
The Complexity Of Governance And Internal Audit Independence, Lily Bi
USF Tampa Graduate Theses and Dissertations
Independence is a critical foundation of all internal audit functions and internal audit services. The Institute of Internal Auditors (IIA) sets The International Standards for Professional Practice of Internal Auditing, which requires that internal audit functions maintain independence, and chief audit executives functionally report to the “board.” The term “board” is interpreted differently in different countries due to the country’s governance models. The diverse corporate governance models create different board structures and the CAE’s reporting relationship with the board. Additionally, the lack of regulatory mandate about internal audit created a reality that internal audit functions are positioned differently depending on …
The Impact Of Board Structure On Ipo Underpricing, Steven Dolvin, Jack Kirby
The Impact Of Board Structure On Ipo Underpricing, Steven Dolvin, Jack Kirby
Steven D. Dolvin
Prior research has examined the impact of board structure on firm performance and found that characteristics such as board size affect both operating and stock price performance. Existing research has concentrated primarily on performance in periods well removed from a firm’s initial public offering (IPO), and relatively little research has examined the impact of board structure on the stock price performance of IPOs, particularly with regard to characteristics other than board size. This study fills this gap, finding that the key board characteristic is the percentage external directors on the board. The authors find that the greater the percentage of …
Essays On The Effect Of Excess Compensation And Governance Changes On Firm Value, Mustafa A. Dah
Essays On The Effect Of Excess Compensation And Governance Changes On Firm Value, Mustafa A. Dah
Electronic Theses and Dissertations
This dissertation consists of three essays on the effect of excess compensation and corporate governance changes on the firm’s performance. The first paper utilizes a cost minimization stochastic frontier approach to investigate the efficiency of director total compensation. Our findings suggest that board members are over compensated. We show that, on average, the director actual compensation level is above the efficient compensation level by around 63%. Our results suggest that an increase in director excess compensation decreases the likelihood of CEO turnover, reduces the turnover-performance sensitivity, and increases managerial entrenchment. Thus, the surplus in director compensation is directly associated with …
Board Structure And Firm Performance: Evidence From Australia, Ingrid Bonn
Board Structure And Firm Performance: Evidence From Australia, Ingrid Bonn
Ingrid Bonn
The influence of corporate governance on firm performance has been discussed for a number of years, but mainly in a United States and European business context. This article investigates the composition of boards of directors in large Australian firms and analyses whether board structure has an impact on performance, as measured by return on equity and market-to-book value ratio. The results showed that outsider ratio and female director ratio were positively associated with firm performance, whereas board size and directors' age had no influence on firm performance.
Analysis Of Board Structure,Corporate Value And Financial Policy, Yu-Chen Tu, Wei-Hung Lai, Heng-Chih Chou
Analysis Of Board Structure,Corporate Value And Financial Policy, Yu-Chen Tu, Wei-Hung Lai, Heng-Chih Chou
Journal of Marine Science and Technology
The purpose of this paper is to examine how board structure relates to corporate value and financial policy of firms in Taiwan. Using quarterly data from ten stock-listed department stores in Taiwan during the period 2000-2005, this study builds a structural model with three equation sets, and then applies three-stage least squares (3SLS) to estimate all equations in the model simultaneously. It should be emphasized that all empirical deviations of normal asymptotic properties caused by OLS or 2SLS in the previous studies can be improved by 3SLS, even though the model of this study contains lagged endogenous variables. The empirical …
Effects Of Board Structure On Firm Performance: A Comparison Of Japan And Australia, Ingrid Bonn, Toru Yoshikawa, Phillip H. Phan
Effects Of Board Structure On Firm Performance: A Comparison Of Japan And Australia, Ingrid Bonn, Toru Yoshikawa, Phillip H. Phan
Research Collection Lee Kong Chian School Of Business
This article compares the effects of board size, proportion of female directors, proportion of outside directors and average age of directors on firm performance in Japanese and Australian firms. We found that board size and age of directors were negatively associated with the performance of Japanese firms. For Australian firms, outsider ratio and female director ratio were positively associated with performance.
Effects Of Board Structure On Firm Performance: A Comparison Between Japan And Australia, Ingrid Bonn, Toru Yoshikawab, Phillip Phanc
Effects Of Board Structure On Firm Performance: A Comparison Between Japan And Australia, Ingrid Bonn, Toru Yoshikawab, Phillip Phanc
Ingrid Bonn
This article compares the effects of board size, proportion of female directors, proportion of outside directors and average age of directors on firm performance in Japanese and Australian firms. We found that board size and age of directors were negatively associated with the performance of Japanese firms. For Australian firms, outsider ratio and female director ratio were positively associated with performance.
Corporate Governance And Corporate Illegality: The Effects Of Board Structure On Environmental Violations, Marie A. Mckendall, Carol M. Sanchez, Paul Sicilian
Corporate Governance And Corporate Illegality: The Effects Of Board Structure On Environmental Violations, Marie A. Mckendall, Carol M. Sanchez, Paul Sicilian
Peer Reviewed Articles
This paper examined the effects of corporate governance structures on the incidence of corporate illegality by analyzing the relationship between environmental violations and several dimensions of corporate board structure. Results demonstrated that the value of stock owned by corporate officers and directors was positively and significantly associated with serious environmental violations. Outsider dominance, joint CEO‐Chairpersons, social responsibility committees, and attorneys on boards were not significantly related to corporate illegal behavior. The control variables of size, industry profitability, firm profitability, and industry concentration were all significantly related to environmental violations. The findings involving board structure cast doubt on the efficacy of …