Journal of Governance and Regulation: Volume 7, Issue 4 has been published

We are pleased to present the fourth issue of the journal in 2018. This issue of the Journal of Governance and Regulation pays attention to the variety of issues: key sectors of economic growth in Greece, the influence of executives’ characteristics on bank performance, the role of universities as entrepreneurial financial players, alternative corporate performance measurements, the influence of digitalization on corporate governance and others.

Konstantinos Spinthiropoulos, Alexandros Garefalakis, Dimitrios Charamis, Georgios Gerakis, and Anastasios Konstantinidis examine the relationship that exists between tourism, money supply and construction, on the one hand, and the economic growth in Greece, using a multivariate autoregressive model VAR. The analysis was carried out for the period from 1965 to 2015. The empirical results show that the economy of Greece can recover and return to long run equilibrium. However, through the analysis, it turns out that the engine for the development of the Greek economy is tourism rather than construction. The dynamics of the tourism industry stand out in comparison to the other areas examined.

David P. E. Saerang, Joy Elly Tulung, and Imelda W. J. Ogi trace the links between the composition of SulutGo Bank officials and the banks performance in Indonesia. The population and samples are SulutGo Bank officials consisting of boards of commissioners, boards of directors, division leaders and branch leaders of all the Banks of SulutGo. The results show age, education level, work period and gender has a positive relationship with CAR, but there is no relationship with ROA, ROE and Total Assets.

Giovanna Mariani examines the role of universities as entrepreneurial financial players. In the first part, it investigates the strengths and weaknesses of academic start-ups and the role that universities have to support them in value creation. The author tested the research questions on a sample of start-ups of the University of Pisa. The findings show important financial and not-financial goals of academic start-ups. In conclusion, the role of universities as new entrepreneurial players is discussed.

Tonny Stenheim, Anna Natalia Beckman, Cathrine Olsen Valltoft, and Dag Øivind Madsen are responsible for analyzing the relevance of the alternative performance measures (APMs) for investors on the Oslo Stock Exchange by examining a panel of data from 100 largest companies listed from 2012 to 2016. Furthermore, the authors conclude that APMs are more value relevant than financial statement measures. However, this finding should be interpreted with caution since the results are of limited statistical significance. Overall, the findings of this study suggest that companies disclose APMs to inform rather than mislead the market.

Kgoramele Joseph Oupa Kgasago and Osden Jokonya contribute to the existing literature by analyzing the factors that influence users’ acceptance of Business Intelligence (BI) systems in the South African energy sector. This study develop a conceptual model to explain factors that influence users’ acceptance of BI systems. The results of the study found that habit, affect and perceived consequences have a significant influence on users’ acceptance of BI systems. Furthermore, the study discovered that habit influences affect in respect of users’ acceptance of BI systems.

Hugh Grove, Mac Clouse, and Laura Georg Schaffner investigate the impact of the digital metrics in the Digitalization Dashboard on corporate governance by examining the “new economy” companies and the “old economy” companies. There are over 30 such digital metrics in the Digitalization Dashboard example in this paper. A starting point for developing such key metrics could be the digital values indicated by the “efficient stock market” with the market to book ratio calculation. One way to accelerate the digital learning process has been advocated: the use of digital apprentices for boards.

To access the issue of the journal visit this page.

The Journal of Governance and Regulation is published quarterly on the rolling basis. Currently, we call for papers for the next issue of the journal. For instructions for authors please visit this page.

We hope that you will enjoy reading the journal and in future we will receive new papers, outlining the most important issues and best practices of governance and regulation!