New issue of the Corporate Ownership and Control journal

The editorial team of Virtus Interpress introduces a new issue of the Corporate Ownership and Control journal (volume 18, issue 3). This issue is represented by scholars from Italy, the USA, Canada, Hungary, Egypt, Taiwan, Jordan, China and other countries of the world.

The papers published in this issue focus on five topic areas: corporate governance, audit and compliance, firm performance and efficiency, diversity and ethics, and public finance and fiscal policy. Among others, they investigate financial performance, insurance companies, audit committee characteristics, audit quality, external and internal audit, financial reporting, earnings management, managerial entrenchment, managerial discretion, organizational effectiveness, internal control, ownership structure, R&D investment, board of directors, women on boards, substitution effect, export guarantees, decision-making process, family business and governance, dividend policy, accounting conservatism, asymmetry, public finance reforms, code of ethics, etc.

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

Pasquale di Biase and Grazia Onorato investigate the characteristics of a company’s board that can have a significant impact on financial performance in the insurance sector, conducting a survey on an international (North America, Europe and Asia) sample of 119 listed insurance companies operating in 2009-2019.

Sana Masmoudi Mardessi aims, on the one hand, to shed light on the effect of audit committee characteristics on financial reporting quality proxied by real earnings management and, on the other hand, to analyse the moderating role of audit quality in the relationship between audit committee characteristics and financial reporting quality.

Mohamed Hegazy and Marwa Farghaly study differences between the external auditors’ and the internal auditors’ perceptions of the degree of usage and compliance with the Institute of Internal Auditors International Standards for the Professional Practices of Internal Auditing by internal audit departments.

Ebenezer K. Lamptey, Alex Tang, and Isaac Bonaparte on the basis of the sample consisting of 5,155 firm-year observations and 807 unique firms examine the association between audit report lag and managerial entrenchment using data spanning 2008-2016.

Ankita Singhvi and Nancy Chun Feng deal with the question of the association between audit committee effectiveness characteristics (such as audit committee chair tenure, the proportion of auditing experts on the audit committee, etc.) and auditor switches to or from an industry specialist audit firm.

Shih-Nien Lee, Tzu-Ching Weng, and Hsin-Yi Huang explore internal control effectiveness in medical institutions and find that the management staff of medical institutions should use common standards to evaluate the degree of a hospital operation, management efficiency, and medical quality.

Moustafa Haj Youssef and Da Teng, adopting theoretical frameworks and definitions from 93 conceptual and empirical studies on managerial discretion and corporate governance, aim to demonstrate the importance of managerial discretion to corporate governance research and deepen understanding of managerial discretion.

Arash Faizabad, Mohammad Refakar, and Claudia Champagne review the literature on the quality of corporate governance practices in the oil and gas exporting developing countries (Russia, Venezuela, Nigeria, the MENA, and the GCC countries) and investigate if the internal and external governance mechanisms function efficiently in these countries.

Rim Zouari-Hadiji and Ghazi Zouari try to determine whether there exists an integrating model that measures the simultaneous effect of the characteristics of the board of directors on research and development and the firm performance in an international context.

Tania Morris, Amos Sodjahin, and Hamadou Boubacar assess how the structure of shareholder ownership (i.e., management, external blockholders, and board ownership) affects the presence of women on boards of directors, using a sample of listed Canadian companies for the period 2007-2015.

Kashika Arora and Areej Aftab Siddiqui approach to analyse export guarantees and firm performance in the context of corporate governance, examining firm-level data for years 2007-2008 and 2017-2018.

Jules Roger Feudjo, Gisèle Kakti, and Félix Zogning propose to understand strategic decision-making within family businesses, with particular emphasis on the role of the different stakeholders in this decision-making, carrying out for this purpose a qualitative casuistic study.

Anis El Ammari evaluates the direction of the causal relationship between financial performance and corporate governance variables (such as ownership structure and dividend policy), analyzing panel data on selected listed firms in an emerging economy.

Timothy Gordon Bryan, Mark A. McKnight, and Robert Houmes empirically examine the relationship between conservatism and earnings management in chemical and allied products manufacturers via an analysis of the allowance for doubtful accounts and bad debt expense.

Csaba Lentner and Vitéz Nagy undertake a study of public finance reforms and corporate sector impact. The paper starts with the government debt map of the old member states of the EU, to which the Hungarian financial positions outside the eurozone are compared, and then presents in detail the components of the new Hungarian public finance regulation.

Finally, Abdelrazaq Farah Freihat, Ismail Hamad Al-Shaar, and Ayda Farahn on the basis of annual reports of 59 manufacturing firms from 2006 to 2015 perform an interesting analysis of the viewpoints of external auditors and financial managers of public industrial companies listed on the Amman Stock Exchange.

We hope that you will enjoy reading this issue and find these contributions stimulating and valuable points for your research!