New issue of the Corporate Board: role, duties and composition
The recent issue of the journal Corporate Board: role, duties and composition pays attention to issues of corporate law, shareholders rights protection, board size, interlocks, knowledge diffusion and debt policy etc. More detailed issues are given below.
Yuliya Lapina, Alexander N. Kostyuk, Udo Braendle and Yaroslav Mozghovyi aim to discuss shareholder rights protection in Ukraine and Germany, which have the same Civil law legal system. Contribution of the authors outline, systemize and accesse approaches how critical and weak issues in the area of shareholder protection are resolved in both countries using the mechanisms of corporate governance.
Matsuda Naoko and Matsuo Yutaka by using comprehensive data of Japanese firms, including small-sized and unlisted firms, empirically analyze how a governing board composition impacts initial public offerings (IPOs). The results show that board size, interlocks with other firms, and interlocks with other listed firms are all positively related to the probability of an IPO. They imply that a firm’s intention to conduct an IPO can be estimated by the size and interlocks, and that knowledge diffusion of an IPO occurs among firms.
Safura M. Kallier and Michael C. Cant aim to determine which mediums of marketing communication media are most influential for the consumer. Convenience sampling was used for this study and a self-administered web-based questionnaire was used to collect the data. The data was collected from available consumers in the Gauteng province of South Africa. The results indicated that consumers regard marketing communication mediums such as television, radio as influential and would react to marketing communication that included discounts and vouchers.
Mahdi Salehi, Mahmoud Laridashtbayaz and Afsaneh Lotfi investigate the factors affecting the companies’ ownership structure and the effect of financial health and flexibility on these factors. The findings show that a positive interrelation exists between the management share, percentage of institutional owners, rate of return and percent of company growth, and the company’s financial flexibility strengthens the relationship between the percentage of institutional owners’ share and managers’ share.
Bakae Aubrey Mokoena and Chengedzai Mafini aim to identify the primary variables that comprise university performance from the perspectives of academics within universities of technology in South Africa. A structured questionnaire was administered to a conveniently selected sample of 507 academics recruited from five universities of technology in South Africa. Using the exploratory factor analysis technique, five indicators were used as sub-dimensions to measure university performance were identified.
Mondher Kouki and Moez Dabboussi examine the effect of the management entrenchment on the agency costs of equity. The authors conduct tests on 120 French companies over the period 2000-2014 in order to test the impact of the main factors that can intensify the conflicts between shareholders and managers. They use three alternative measures of agency costs of equity, namely asset utilization, operating expenses and administrative expenses. According to the empirical results, the CEO age, his dual role of executive and chairman, and the discrepancy between ownership and voting rights are relevant determinants of agency conflicts between shareholders and managers.
Zulaikha, Imam Ghozali and Paulus T. Hadiprajitno examine the factors affecting the government procurement fraud. Based on the fraud triangle and the theory of planned behavior, this study proposed seven hypotheses, those are tested by regression analysis. The result showed that the procurement frauds were influenced by lack of procurement committee quality, the weakness of procurement control, and the intentions to engage fraud. The intentions to engage fraud were significantly influenced by attitude toward fraud, subjective norms, and the perceived behavioral control.
Rasha Mahboub, Nehale Mostapha and Wagdy Hegazy aim to investigate the extent of existence of strategies of impression management (IM) in the narrative section of 200 annual reports of a sample of 50 banks in five different countries of Middle East and North Africa (MENA) region (Egypt, Jordan, Lebanon, Saudi Arabia, and United Arab of Emirates) for 2011-2014. Study recommends auditing regulators to issue a new standard in which auditors are required to confirm reliability of the information in the accounting narratives of banks annual reports.
Dea’a Al-Deen Al-Sraheen and Khalid Alkhatib propose a model for limiting earning management practices among manufacturing firms in Jordan. In order to do so, two independent variables are examined in this paper, namely, political influence and CEO Duality. The results suggest that a positive and significant association existed among both political influence and CEO duality and earning management. This means that both independent variables exacerbated earnings management. Further research is required to determine what urgent legislation should be developed to restrict the presence of members who have political connections in the board of directors.
To browse the issue visith this page.