Journal of Governance and Regulation: volume 7, issue 2 has been published
We are pleased to present the second issue of the journal in 2018. The themes that this issue of the Journal welcomes are numerous and cover anti-money laundering regulation, pricing of brand extencions, ownership structure and credit ratings, effect of Basel III liquidity regulations on banks’ profitability, debts and asymmetric information, differences and similarities between German and Chinese internal audit functions, influence of auditor rotation and non-audit services on earnings quality, audit quality and investor perceptions, and internal controls.
Pietro Pavone and Francesco Parisi deal with the issues of anti-money laundering and specifically analyzing the various issues related to the risk of money laundering and terrorist financing. In their paper, the issues related to the risk of money laundering and the actions taken by the management to monitor this risk are addressed. The theme is linked to the aspects of Italian legislation that recognized companies’s autonomy on how to manage this risk with an effective internal control system. Panagiotis Arsenos, Dimitrios Charamis and Alexandros Garefalakis investigate the role of brand equity and the use of different pricing techniques on different products. The study is accompanied by an empirical analysis that indicates how the companies that have invested in marketing show a flexibility in the decision-making process of setting the price when they extend the brand. Aws AlHares, Collins Ntim, David King and Ron Byrne are responsible for analyzing the impact of the ownership structure on credit ratings in OECD countries by examining a panel of data from 200 companies in Anglo-American and European countries between 2010 and 2014. Tafirei Mashamba examines the liquidity requirements provided for in Basel III and the effects that are generated on banks’ profitability. Contrary to common thought, the empirical analysis about a sample of banks operating in emerging markets shows that the profitability of banks increases, despite the increase in liquidity requirements. Sabrina Khemiri, Souad Brinette, Ramzi Benkraiem and Anthony Miloudi contribute to the existing literature by analyzing the behavior of a sample of French debtor companies. The authors analyze three types of debts. Specifically, they analyze bank debt, bond debt and convertible bonds. Empirical evidence highlights a hierarchy of debt explained by asymmetric information. Marc Eulerich and Hans-Ulrich Westhausen analyze the differences and similarities of how the internal audit function is organized and managed in German and Chinese companies. different cultural aspects with respect to the elements of uniformity emerge from the research. Patrick Velte and Thomas Loy deal with the impact of the rotation of audit services offered by auditing firms on the quality of profits, on the quality of auditing and on the perception of investors. Andreas G. Koutoupis and Evangelia Pappa study the links between corporate governance and internal audit examining a sample of listed companies and concluding that the effectiveness of internal audit and risk management processes guide a careful governance system.
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 to be finalized in September, 2018. For instructions for authors please visit this page.