New issue of the Corporate Ownership and Control journal
The editorial team of Virtus Interpress is delighted to present a new issue (volume 18, issue 1) of the Corporate Ownership and Control journal. This issue is represented by papers of scholars from different countries of the world, such as Italy, Germany, Portugal, the USA, Switzerland, Spain, the UK, Egypt, China, Jordan, Morocco, India, Tanzania.
The new issue contains an interesting selection of articles, with contributions on the role of different types of ownership and corporate governance mechanism, from internal control to new forms of socially responsible accountability. The covered topics include ownership structure, capital structure, company performance, financial performance, financial reporting, fiscal controls, risk management, restructuring, internal control, accountability and audit, earnings management, firms’ profitability, gender diversity, nationality diversity, bank financial performance, shareholder activism, CSR, corporate reputation and image, mobile banking, financial inclusion, bank desertification, state-owned enterprises, family firms, innovation governance, investment policy, capital budgeting, firm value, financial distress, credit risks, bankruptcy, UTP loans, stock market, strategic decision-making, etc.
The full issue of the journal is available at the following link.
The issue starts with a paper by Amani Hussein who aims to examine the capital structure influence on company performance in Egypt using a sample of 168 Egyptian companies during 2012-2016 and applying panel data techniques.
Emidia Vagnoni, Chiara Oppi, and Caterina Cavicchi on the basis of a sample of 116 companies managing retail pharmacies in Italy analyse if differences in the financial performance of companies managing retail pharmacies can be detected based on governance factors.
Md. Jahidur Rahman and Rob Kim Marjerison conduct a comprehensive review of the literature published during 1989-2020 to identify the factors that can cause internal control weakness.
Malek Alsharairi, Rasha Khamis, and Mahmoud Alkhalaileh investigate the effects of the lagged real earnings management on the firms’ future profitability using a panel dataset from the Jordanian industrial companies listed in the Amman Stock Exchange for the years 2012–2017.
Mhamed Chebri and Abdeaziz Bahoussa explore the effect of gender diversity and the diversity of nationalities on the financial performance of Moroccan banks based on an analysis of the theoretical and empirical literature and using a set of panel data from all Moroccan banks listed on the stock exchange for the period 2014-2018.
Historei Bariz and Dirk Schiereck study market reactions caused by open letters in daily newspapers on the target companies’ share prices with a regional focus on Continental Europe
Christian Rainero and Giuseppe Modarelli try to highlight the determinant role of CSR during periods characterized by non-linearity and to produce insights for further research on companies’ decision-making on CSR implementation and promotional tool preference as well as on consumers’ purchasing/consuming decision-making.
Roberto Moro-Visconti, Maria Cristina Quirici, and Mariarosa Borroni propose an innovative interpretation of the networking properties of digital platforms and M-banking that represent a new – virtual – stakeholder and show how to match virtual financial proximity with apparently contradicting social distancing.
Jan Endrikat, Julia Hillmann, and Max Kieslich provide an overview of extant empirical findings on chief financial officers characteristics and their effects on firm processes and outcomes and investigate how the profession of the CFO has changed over the past 20 years.
Joana Andrade Vicente performs an interesting analysis of state-owned enterprises’ corporate governance, addressing whether there are differences between these and private enterprises that make it necessary to formulate a specific corporate governance theory for the former.
Brian Bolton and Jung Eung Park provide a comprehensive study of how corporate governance influences innovation at family firms considering, in particular, productive innovation or the impact that R&D spending has on firm revenues.
Patrick Stender and Joachim Rojahn approach to identify the influence of different dimensions of corporate governance quality on the valuation of non-financial firms listed in the STOXX® Europe 600 index over a period from 2012 to 2017.
Maurizio Dallocchio, Salvatore Ferri, Alberto Tron, and Matteo Vizzaccaro aim to research the Z’-Score and Z’’-Score ability to predict unlike-to-pay loans using a unique sample of UTP loans, provided by a major Italian bank.
Kushagra Goel and Sunny Oswal evaluate the claims that economic value added is a superior performance indicator than the traditional performance indicators on the basis of a sample of 46 Indian companies for the period of 2009-2019.
Mwila Mulenga and Meena Bhatia in their research focus on the value relevance of earnings and book values on listed Indian pharmaceutical companies’ stock prices by using the Ohlson price model using a series of panel data from 2006 to 2015 from the Nifty Pharma index.
Moataz Elmassri, Mahmoud Abdelrahman, and Tariq Elrazaz assess how strong structuration theory could be used as an appropriate theoretical lens to explore how SIDM studies are theorized and conducted.
We hope that reading this issue will be interesting and informative for you!