New issue of the Corporate Governance and Sustainability Review journal
The editorial team of Virtus Interpress is pleased to share the news that the fourth issue of the journal “Corporate Governance and Sustainability Review” in 2023 has been published. Each of the papers published in this issue contributes uniquely to the field of corporate governance, corporate social responsibility, stakeholder theory, and organizational behavior.
The new issue opens with a paper authored by David Gavin and Joanne Gavin. The authors ask a crucial question of how to prevent ethical lapses from ever happening in corporate governance. Using the framework of agency theory, the authors examined the effect of the board of directors’ power and the CEO’s power on the firm’s ethical behaviors. The findings indicated that strong boards were associated with more ethical firms. These findings are important to help firms structure boards to increase vigilance and reduce the likelihood of ethical lapses.
The next study by Ansita Aggarwal and Nisarg Joshi analyzes how corporate social responsibility affected business performance during the pandemic. The effectiveness of a company is evaluated from both financial and non-financial viewpoints. The data has been collected using a self-administered questionnaire from Gujarat, India’s most enterprising state. This article aids in determining whether corporate social responsibility initiatives add value, particularly in trying times.
Shivneil Kumar Raj and Mohammed Riaz Azam, in their article, analyze the stakeholder theory and international accounting standards nexus. The authors’ qualitative study attempts to evaluate the decision of the International Accounting Standards Board to limit the primary users of the General Purpose Financial Reports in 2010 and 2018 to financiers. They found that the managerial branch of stakeholder theory fully supports the decision of the International Accounting Standards Board to limit the primary user of the General Purpose Financial Reports to financiers only as management considers the financiers as the most influential stakeholder group whose information needs must be fulfilled under all the circumstances. This study has added to the existing body of knowledge by bringing clarity to the issues of General Purpose Financial Reports.
The issue ends with a book review. Fadi Alkaraan focuses on organizational behavior and leadership in his review of the book titled “Organizational Behavior and Transformational Leadership” written by Shatha Suleiman Abu-Mahfouz and concludes this issue. The author highlights that the book articulates the employee-oriented transformational leadership model and sheds light on current issues regarding the nexus between transformational leadership, human resource practices, employee commitment, and employee performance. The author underlines that the book addresses the debate underpinning human resource management practices including transformational leadership, employee commitment, and employee performance discourse.
The full issue of the journal is available at the following link.
We wish you pleasant and informative reading!
