New issue of the Corporate Law & Governance Review journal
The editorial team is happy to announce that the first issue of 2022 of the Corporate Law & Governance Review journal has been released. The papers published in this issue cover various key topics in the field of corporate law and governance such as domestic debt, external debt, domestic investment, foreign direct investment, corporate governance, State-Owned Enterprises, OECD, OECD Guidelines on Corporate Governance of State-Owned Enterprises, institutionalism, securities regulation, cultural security, due diligence, commercial circulation, innovations, corporate entrepreneurship, organizational learning, new venture, creating shared value, etc.
The first paper by Sathanantham Shiyalini and Kanesh Suresh investigates the effect of the components of state government debts (domestic and external debts) on the various forms of investment (domestic investment and foreign direct investment — FDI) in Sri Lanka both in the short and long terms applying the ARDL bounds testing approach over the period, 1980–2020. The research discovered that internal debt accumulates FDI inflows in the short term, but it crowds out FDI when considering the long term. In contrast, foreign debt has a substantial inverse connection with FDI inflows in the short term, as expected, but it does not influence FDI in the long run. The findings also showed that higher lending rates of interest share a considerably inverted connection with domestic investments, but it does not have any impact on the long-term FDIs.
Benedict Sheehy and Kristoffer Gabriel Laurio Madrid investigate an under-researched area of government activity and corporate governance reform, namely, corporate governance in state-owned enterprises. Their article contributes to the larger corporate governance convergence debate by investigating whether arrangements originally conceptualised in the private sector prior to going global have indeed gone global and extended into the public sector. As the focal point is state-owned enterprise law and practice, the authors utilised the Organisation for Economic Co-operation and Development (OECD) Guidelines on Corporate Governance of State-Owned Enterprises and found not only that convergence occurring in the Philippines, but also that the benefits are substantial and hard to be overlooked.
The next research by Nafisa Yeasmin and Pavel Tkach studies corporate due diligence. Using the topic of cultural security of vulnerable migrants in Europe, they delve into a discussion of how due diligence can contribute to the creation of more efficient regulation of cultural security in the future. The example of Finland and religious minorities offers a basis for an alternative look into this topic; although there has been a plethora of academic contributions discussing due diligence, the focus is mostly on how companies will assess their environmental impacts throughout their operations and down their supply chains as well as how to prevent, mitigate, and remedy identified harms. A wider analysis on human rights-related harms will undoubtedly lead to a better understanding of which direction corporate due diligence should take in the future.
The purpose of the paper by Georgia N. Kontogeorga, Georgios L. Thanasas, Vassilis S. Smaraidos, and Dimitrios N. Angelaras is to enrich the literature and to present an overview of the state of corporate governance in Greece and particularly the innovations introduced by the new Law 4706/2020 on corporate governance as well as the good practices recommended by the recently adopted new code. By comparing the previous and the new corporate governance laws, as well as the existing literature in the field, the authors conclude that the adaptation to the general principles of corporate governance is quite difficult for most of the traditional Greek firms which are based on family ties. Furthermore, the financial crisis, and the current COVID-19 pandemic, created a highly unfavourable and challenging economic environment for Greek firms.
Hardjanto Nusantoro, Erna Maulina, Anang Muftiadi, and Margo Purnomo in their study review and synthesize corporate entrepreneurship related studies using the referencing of their historical principles, and the construction of a new knowledge scheme to represent the current focus of research. Their bibliometric review, which covers the period between 1996 and 2021, follows the development of these important concepts and the challenges that ensued in the era of digitalisation and globalised, interconnected economies. With more than 50 articles reviewed, there was a wealth of material and knowledge about how modern companies can make the most out of new platforms and opportunities, how they can use them to obtain a competitive advantage in their respective markets, and ultimately how they can enhance product innovation.
You are welcome to browse the full issue at the following link.
We hope that reading this issue will be pleasant and informative for you!
