New issue of the Corporate Ownership and Control journal
The editorial team of Virtus Interpress is glad to announce that a new issue of the Corporate Ownership and Control journal has been published. This issue is represented by scholars from different continents and countries of the world: Italy, Germany, Austria, the USA, Canada, Hungary, the UK, Australia, Egypt, the UAE, Jordan, Fiji, and others.
The published papers investigate a great variety of topics, such as corporate governance, ownership structure, ownership type, ownership control, ownership identity, financial performance, revenue growth, private equity, equity stake, investment choice and decisions, family-owned targets, crisis, sports finance, property rights, firm performance, foreign ownership, foreign institutional and individual investors, foreign corporate bodies, initial public offerings, underpricing, board of directors, board composition, board diversity, board age, board education, female on board, board nationality, financial expertise, profitability, liquidity, market growth, audit committee, internal and external auditor, capital structure, dividend policy, cash holdings, corporate reporting, organizational support, employee voice, job satisfaction, COVID-19 pandemic, family business, management accounting, sustainability, voluntary disclosure, corporate communications, etc.
The full issue of the journal is available here.
Giorgio Cesario and Gimede Gigante aim at developing a framework in the context of the Italian market to explain whether the equity stake acquired by private equities in a target company changes according to certain firm-specific and deal-specific characteristics. In addition, the authors analyze whether the 2008 global financial crisis has affected investment decisions as well.
Lukas Richau, Florian Follert, Monika Frenger, and Eike Emrich, on the basis of a data sample including transfer fees, player characteristics, player performance and team performance from 2012–2013 to 2018–2019 for the English Premier League, estimate OLS regressions and quantile regressions to analyze the effects of ownership concentration and investor origin on the amount of individual transfer fees.
Neeraj Gupta, Tarun Agarwal, and Bhagwan Jagwani examine the impact of foreign ownership on the performance of Indian firms and analyze the non-linear relationship of foreign ownership with firm performance during the period 2009–2010 to 2018–2019.
Hany El Beshlawy and Sinan Ardroumli, using structural equation modeling, investigate the influence of ownership control on 222 public US companies’ performance after the 2008 financial crisis and identify a new construct representing a third dimension (control intensity) of ownership structure, whereas previous literature has identified only two dimensions: identity and concentration.
Ahmed M. Abdel-Meguid identifies four main areas of corporate governance research in Egypt: firm performance, reporting quality, corporate responsibility, and auditing and provides some recommendations for further enhancing the research quality in these areas.
Marvin Nipper analyzes whether and how board financial expertise affects initial public offerings outcomes, using a sample of 414 completed and 85 withdrawn initial public offerings that were filed from 2014–2017 at NYSE or NASDAQ, and finds that particularly outside directors with financial expertise have a positive signaling effect and help to reduce information asymmetry around initial public offerings.
Mónika Harangi-Rákos and Veronika Fenyves undertake a study of the average indicators of the food retail sector and compare them with the indicators of the largest sales companies in addition to the financial data of the top 100 companies with the highest turnover both in Hungary and Romania.
Rehab EmadEldeen, Ahmed F. Elbayoumi, Mohamed A. K. Basuony, and Ehab K. A. Mohamed aim at examining the effect of board composition, especially board diversity, on firm performance using cross-sectional data from London Stock Exchange (FTSE 350) of non-financial companies with total observations of 3961 companies for the years 2000–2016.
Hidaya Al Lawati and Khaled Hussainey evaluate the effect of audit committee financial expertise on corporate financial decisions (capital structure, dividend payment and cash holdings, using a data set of all Omani financial institutions (36 firms) listed on the Muscat Stock Exchange over the period from 2014 to 2019, consisting of 216 firm-year observations.
Vishal Verma and Yousef Shahwan aim to provide a historical review of several leading documents in relation to the objectives of financial statements; four main documents were discussed, analyzed and compared, using the content analysis approach: The Trueblood Report (1973), The Corporate Report (1976), Making Corporate Reports Valuable (McMonnies, 1988), and Guidelines for Financial Reporting Standards (Solomons, 1989).
Mohammad Ta’Amnha, Ghazi A. Samawi, Omar M. Bwaliez, and Ihab K. Magableh propose a conceptual model to examine the mediating effects of job satisfaction and job burnout on the relationship between COVID-19 organizational support and employee voice among pharmaceutical stakeholders in Jordan.
Mario Situm, Stefan Märk, and Markus Kathan assess western Austrian companies for the use of management accounting. From the sample of 692 family enterprises in western Austria, relevant variables were collected to explain the use of management accounting and the differences between enterprises with and without management accounting were examined using logistic regression.
Karim Hegazy and Anne Stafford perform an interesting analysis of the job of scrutiny and oversight in public services by examining the role of the internal auditor and external auditor and their relationship with the audit committee in two distinct English public sector environments.
Shivneil Kumar Raj and Mohammed Riaz Azam explore the extent of sustainability reporting practices (voluntary disclosures) of Fiji listed corporations. Using a theoretical framework informed by legitimacy theory, the authors predict the extent of both narrative and non-narrative voluntary disclosures.
Hugh Grove and Maclyn Clouse aim to identify and develop board corporate social responsibilities regarding monitoring renewable energy commitments for enhanced corporate governance, especially in response to activist investors.
Finally, Sam Kolahgar, Azadeh Babaghaderi, and Harjeet S. Bhabra study the role of corporate communication as a stand-alone governance mechanism and introduce a new business-related dictionary and conduct automated textual analysis of over 150,000 electronic documents filed by a sample of firms listed on the S&P/TSX Composite Index from 1999 to the end of 2014.
We hope that you will enjoy reading this issue and find these contributions stimulating and valuable points for your research!