New issue of the Corporate Ownership and Control journal
The editorial team of Virtus Interpress is happy to announce that a new issue of the journal Corporate Ownership and Control (volume 18, issue 4) has been published.
The geographical representation of the papers provides an excellent opportunity for international comparison. The new issue of the journal presents contributions of authors from Canada, Germany, the USA, Italy, Denmark, Iceland, the Philippines, Finland, the UK, Australia, and other countries.
The articles published in this issue, analyse, among others, the following topics: corporate governance, board diversity, board structure, board networks, supervisory boards, compensation, family influence, family firms, incentive mechanisms, remuneration, risk-free return, market return, institutional shareholders, institutional investors, shareholder activism, accounting comparability, mergers and acquisitions, value creation, CEO power, corporate risks, market competition, firm performance, gender inequality, accounting performance, conflict of interest, corruption, deviant behavior, corporate venture capital, innovation, start-ups, publicly owned firms, ownership structure, organizational design, budgeting, management control, financial crisis, fair value accounting, equity valuation, IFRS 13, earnings management, principal-agent and principal-principal conflicts, initial public offerings, interlocked boards, interlocking directorates, small and medium enterprise, internationalization, privatization, dividends payout, agency conflict, etc.
The full issue of the journal is available at the following link.
Abdlmutaleb Boshanna provides a comprehensive up-to-date review of the literature about diversity on corporate boards with a focus on five key areas: the theoretical approach, dominant framing and theorizing, determinants and consequences, how board diversity is defined and operationalized, and the outcomes of board diversity.
Patrick Ulrich and Robert Rieg on the basis of an empirical survey of 113 German companies test the thesis that in family businesses, which per se are less likely to offer variable compensation to their executives, it is assumed that internal rather than external metrics are more likely to be used as the basis for compensation.
Sunny Oswal and Kushagra Goel study the concept of equity returns and see whether there is a significant difference between the expected return which is calculated through the capital asset pricing model and the actual return given by the stock.
Thien Le examines the relation between firm pair’s sharing of a top institutional investor and accounting comparability, using data from Compustat, CRSP, and Thompson Reuters over the 1993–2017 period.
Isha Gupta, T. V. Raman, and Naliniprava Tripathy using a sample of 64 companies investigate the impact of related/unrelated merger and acquisition on value creation and research and development of Indian non-financial sector companies.
Um-E-Roman Fayyaz, Raja Nabeel-Ud-Din Jalal, Gianluca Antonucci, and Michelina Venditti intend to analyse the impact of chief executive officers’ powers on corporate decisions made by firms in the context of board oversight and market competition, applying a quantitative approach to a sample of two stressed European markets (Hungary and Greece) during 2007–2017.
Massimo Cecchi performs an interesting analysis of the gender inequality issue on the basis of a sample of approximately 15,000 Italian limited companies, which include, in particular, unlisted companies.
Emiliano Di Carlo outlines the elements required to assess the extent of the risk of conflict of interest in organizations considering the following two elements: a) the probability that the secondary interest may interfere, even if only apparently, with the primary interest of the organization; b) the seriousness of the damage and/or moral unacceptability of the mere appearance of improper behavior.
Giacomo Bider and Gimede Gigante explore whether corporate venture capital activity, measured as the number of investments, deal size, and the number of realized exits is beneficial for value creation and innovation for European listed companies.
Catherine E. Batt, Páll Rikhardsson, and Thorlakur Karlsson assess how sudden changes in organizational context impact the importance of budgeting; this study is based on a survey of CFOs of the 300 largest companies in Iceland, according to the dataset Frjáls Verslun, following the financial crisis of 2008.
Alessandro Migliavacca, Christian Rainero, and Vera Palea address equity investment valuation through market multiples and its consequences in investors’ financial statements under fair value accounting principles and analyze the distribution of the estimated-to-actual fair value ratio under the IFRS 13 perspective and the effects of a randomly selected portfolio on the balance sheet and income statement of the investor.
Angelo O. Burdeos conducts research on the effect of ownership structure on discretionary current accruals and determines the level of income-increasing earnings management of initial public offerings in the Philippines and the factors that explain it.
Arash Faizabad, Mohammad Refakar, and Claudia Champagne evaluate the effectiveness of corporate, social, and political connections on corporate governance practices and show that networking activities in various forms positively and negatively affect corporate governance practices.
Shab Hundal and Tatyana Kauppinen shed light on the following topic: the motivation of internationalization of family firms in Russia, their process of internationalization, and the problems and challenges faced by the family firms.
Badar Alshabibi, Shanmuga Pria, and Khaled Hussainey approach to identify whether corporate board characteristics influence dividend policy in Omani listed firms and find that dividends payout is positively associated with board independence, board activity, and board nationality diversity.
Mehadi Mamun deals with the issue of workers who are very vulnerable and examines the impact of privatisation on workers’ quality of working life., employing document analysis and semi-structured face-to-face interviews with privatised and state-owned organisations’ workers in Bangladesh.
The papers published in this issue of the journal are very interesting and useful sources of the literature for both experienced and younger researchers.