New issue of the Corporate Ownership and Control journal
We are glad to introduce you the new issue (volume 17, issue 2) of the journal Corporate Ownership and Control represented by the scholars from Germany, Italy, the UAE, Egypt, Bahrain, Pakistan, Monaco, Indonesia, Saudi Arabia, the UK, Qatar, Nigeria, Lebanon, and Tunisia. This volume deals with corporate governance, corporate social responsibility, earnings and performance management, ownership concentration, institutional ownership, audit fees, audit quality and independence, cross-cultural management and cultural dimensions, financial instruments risk disclosure, equity incentives, firm performance, shareholder composition and monitoring effects, etc.
The full issue of the journal is available at the following link.
A literature review paper of Patrick Velte aims to determine whether Corporate Social Responsibility (CSR) and earnings management are connected. The author explains the main CSR and earnings management variables that have been included in prior empirical research, stresses the limitations of the studies and gives useful recommendations for future research, practice and regulators.
Alessandra Allini, Luca Ferri, Marco Maffei, and Annamaria Zampella investigate the effects of firm and country factors, considered as determinants of the financial instruments risk disclosure (FIRD) proxied by IFRS 7 in the European banking system.
Yasser Barghathi, Esinath Ndiweni, and Alhashmi Aboubaker Lasyoud explore auditors’ perceptions regarding joint audits and whether it can improve audit quality. The authors examine the perception of the same stakeholders in terms of how audit concentration affects the audit market in the UAE.
Ahmed Hassanein and Mohsen Younis analyse the impact of the financial crisis on the cost stickiness behavior of the UK chemical industry. The study examines the stickiness behaviors of firm costs pre, during and post the period of the financial crisis.
Muneer Al Mubarak investigates the impact of corporate governance characteristics on stock prices in the Gulf Cooperation Council (GCC) financial markets. The conducted study covers the financial markets of four (GCC) countries with a sample of 237 firms for the period of 2013-2017.
The next article of Giorgia Nigri, Mara Del Baldo, and Armando Agulini focuses on the integration of benefit-driven indicators, adopted by Italian B Corps into their performance management systems, and analyzes if these indicators are used by managers to support internal decision-making.
Ahmed Imran Hunjra, Uzma Perveen, Leon Li, Muhammad Irfan Chani, and Rashid Mehmood analyze the impact of ownership concentration, institutional ownership and earnings management on stock market liquidity on the basis of 114 firms from manufacturing sector of Pakistan, India, Australia and Singapore.
The purpose of the study conducted by Domenico Campa, Mariateresa Torchia, Chiara Rachele Caterina Marcheselli, and Patrice Sargenti is to understand whether and how a brand can successfully survive after the death of its founder and whether the purchasing behaviour of customers changes after a founder succession takes place.
Herman Karamoy and Joy Elly Tulung examine the impact of financial performance and corporate governance on stock prices of Indonesian listed non-bank financial industry firms. The research population includes the non-bank financial industry listed in IDX, as many as 37 companies.
Mohamed A. Shabeeb Ali, Hazem Ramadan Ismael, and Ahmed H. Ahmed study the relationship between CEO and CFO equity incentives and earnings management. The authors examine the moderation effect of corporate governance mechanisms on the relationship between executives’ equity incentives and earnings management.
The investigation conducted by Rahman Yakubu and Tracey Williams defines how auditor’s independence improve audit quality and that abnormal audit fees is as a result of additional effort for auditor to carry out rigorous audit engagement as a result of wider audit scope. The research determines that mandatory audit firm rotation will enhance auditor independence, and that audit committee with nonexecutive independence will promote audit quality.
Walid ElGammal and Marwa Gharzeddine base the study on the results of a survey conducted in Egypt, aimed to examine the perceived level of importance with respect to each pre-suggested determinant of audit fees in Egypt. In particular, the perceptions about auditor related attributes and client-related attributes according to external auditors and client’s representatives (auditee).
Rabeb Riahi, Foued Hamouda, and Jamel Eddine Henchiri propose a conceptual model for identifying cultural dimensions such as individualism (IND), masculinity (MASC) and long-term orientation (LTO) based on cultural ecology theory. The methodology is based on structural equation modelling (SEM) under Linear Structural Relationship (LISREL) approach.
The purpose of the study conducted by Guido Max Mantovani and Gregory Moscato is to understand if the shareholder composition must be considered as a part of the corporate governance framework or as a monitoring factor, only. The study gives new insights to the current debate on the relations between governance and performance as well as the one on the components of the corporate governance framework.
Udo Braendle, Markus Stiglbauer, Khaldoun Ababneh, and Evangelos Dedousis provide the empirical study that answers if the level of cultural variety and cultural distance in boards of directors have an influence on firm performance. The results of the study indicate that cultural variety in boards of directors has a linear, negative influence on operational firm performance (as measured by ROI and ROE).
We hope that reading this issue will be pleasant and informative for you!