New issue of the Business Performance Review journal
The editorial team of Virtus Interpress is pleased to present the first issue of the journal Business Performance Review in 2024. The published issue contains scholarly articles that focus on corporate governance, corporate social responsibility (CSR), digitalization, foreign direct investment, corruption, judicial independence, sustainable CSR, earnings management, earnings quality, company-specific factors, etc.
The full issue of the journal is available at the following link .
The first paper by Adedeji Ajadi evaluates the risk-adjusted performance of equity mutual funds in Nigeria against the market benchmark and two alternative passive portfolios available to investors. The study explores investment strategies, with practical implications for investors, industry professionals, regulation, and academia. It provides a useful guide to retail investors and their advisers on managing their investment portfolios in the Nigerian stock market.
The next article by Elen Sargsyan and Lena A. Seissian aims to find company-specific financial and corporate governance factors that can act as determinants of the quality of earnings. The results show that a company’s earnings age and earnings growth positively impact earnings quality, while its performance and liquidity have a negative impact. Company size can have positive or negative effects based on the chosen quality of earnings measure. Moreover, the different measures of earnings quality react differently to independent variables.
The research by Chitresh Kumar and Anirban Ganguly proposes a framework to establish the isomorphic nature of CSR expenditure for Indian companies. The findings show that isomorphism in Indian companies can be termed as long-term social legitimacy-seeking behaviour. A company’s relationship with society shifts from seeking internal and external legitimacy to having a symbiotic relationship with society. In the long-term, the company uses its CSR to seek legitimacy at all levels (from the grass-root level community to the highest level of state actors).
The study by Achraf Guidara investigates the relationship between digitalization and foreign direct investment (FDI) and tests whether corruption and judicial independence moderate this relationship. The results show a positive and significant association between digitalization and foreign direct investment. The findings emphasize the importance of decreasing corruption and strengthening judicial independence in order to maintain the positive relationship between digitization and FDI.
We are grateful to all the scholars who have contributed to this issue, and we hope that you find this issue of the journal useful, informative and educational!
