New issue of the Corporate Ownership and Control journal

The editorial team of Virtus Interpress is glad to present a new issue (volume 18, issue 1, special issue) of the Corporate Ownership and Control journal. This issue is represented by papers of the scholars from different countries of the world, like Germany, Italy, Canada, the USA, Hungary, Australia, Egypt, etc.

The papers in this new issue provide an insightful analysis of a wide variety of topics in the corporate governance sphere, such as corporate control, family firms, management accounting, budgeting, Islamic banks, financial inclusion, goodwill impairments, earnings management, integrated thinking, integrated reporting, disclosure, crediting, funding options, cost of debt, financial markets, economic crises, blockchains, information asymmetries, stock markets, R&D investments, shareholder democracy, board of directors’ election, sustainable development and governance, environmental economics, cooperative credit banks, firm performance, directors’ remuneration, multiple directorships, financial reporting of banks, ESG ratings, accountability, CSR, collective personality, human capital, intellectual capital, financial performance, etc.

The full issue of the journal is available at the following link.

Patrick Ulrich and Robert Rieg in the first paper of the issue on the basis of a sample of 261 German companies deal with the question of why companies have so far not or only poorly integrated risk aspects into operational planning and budgeting.

Osama El-Ansary and Mohamed M. Rashwan investigate bank-specific, macroeconomic, and financial inclusion variables in MENA using the data collected from Zawya, Bankscope, The Banker, Global Findex and World Bank databases covering 73 Islamic banks from 2008-2017.

Benjamin Tobias Albersmann, Christian Friedrich, Daniela Hohenfels, and Reiner Quick analyze whether goodwill impairments are influenced by earnings management incentives, the sample of the study consists of 2,127 firm-year observations from German listed firms for the periods 2006 to 2013.

Filippo Vitolla, Arcangelo Marrone, and Nicola Raimo in their paper evaluate the motivations behind integrated disclosure, with particular reference to a holistic management philosophy and integrated thinking.

Laura Martiniello, Raffaele Marcello, and Riccardo Savio aim to analyze the guarantee instruments available on the Italian financial market in relation to several variables including sector, size, age, and geographical location of the company.

The paper by Christian Rainero, Alessandro Migliavacca, and Riccardo Coda conceptualizes a relevant topic for еhe economy and accounting fields of study and proposes a way to reduce the natural subjectivity in accounting and reporting, using blockchain and smart contracts technologies.

Julia Grimberg and Tim Alexander Herberger apply an event study for all companies listed in the HDAX at the German stock market between January 2013 and August 2018 in order to examine industry effects in directors’ dealings and abnormal stock returns.

Marcus Rodrigs and Mushtaq Kamil explore whether the adoption of beyond budgeting as a management accounting practice contributes to developing intellectual capital and creating value in Iraqi companies.

Sylvie Berthelot and Michel Coulmont aim to determine whether shareholders take directors’ independence, gender, expertise, and reputation into account when voting in directors’ elections based on a sample of 60 Canadian firms.

Maria Annunziata Longo and Paolo Tenuta try to define a methodology for assessing sustainability at different levels of detail using the triple bottom line approach and proceed with the creation of a multi-criteria spatial decision support system.

Elena Bruno and Giuseppina Iacoviello approach to identify and discuss the suitability of the corporate governance structure of the Cooperative Banking Group for preserving the distinctive characteristics of the cooperative credit banks as well as for guaranteeing the levels of capitalization, respecting the overall performance objectives.

Tarun Kumar Soni and Amrinder Singh assess the trends and patterns in remuneration of directors working for the largest 30 listed companies in India over the past 18 years and try to establish short-term and long-run relationships between the director’s remuneration and firm performance.

Shawgat S. Kutubi studies the effect of directors with multiple directorships on banks’ financial reporting conservatism in South Asia on the basis of a sample of 93 banks stock listed banks of Bangladesh, India, Pakistan, and Sri Lanka.

Chirag Malik and Sonali Yadav aim to explain whether or not the declaration of sustainability ratings contributes to the stock market reaction in emerging markets and find that the announcement of sustainability ratings is not regarded by investors with a great deal of interest and there is inherent indifference to such news in the stock market.

Jacqueline Jarosz Wukich researches if the detriment to environmental disclosures as a result of a chief executive officer’s power is different for outcome versus intention-oriented disclosure characteristics and creates four measures to capture the diverse nature of environmental disclosures.

Finally, Anil Chandrakumara, Rohan Wickramasuriya, and Grace McCarthy undertake a study of three research problems: What collective personality traits are reflected in CEOs’ statements in firms’ annual reports? Is there any impact of collective personality on financial and market performance? Whether attributes of CEOs or collective personality makes a greater impact on firm performance?

We hope that reading this issue will be interesting and informative for you!