New issue of the Corporate Ownership and Control journal
The editorial team of Virtus Interpress is happy to release a new issue of the Corporate Ownership & Control journal (volume 19, issue 3). Scholars from Italy, Canada, the USA, Denmark, Germany, Australia, the UAE, Taiwan, Jordan, Egypt, Fiji, and other countries have published their papers in this issue.
This issue is a truly multi-disciplinary issue with the studies considering various issues of corporate governance and many countries worldwide. In particular, the issue focuses on the following topics: firm performance, board of directors, board diversity, directors’ liability insurance, board meeting attendance, female board representation, gender diversity, internal control, board chair, board cohesion, board functions, capital structure, accrual and real earnings management, initial public offerings, competition, ICAPM, profitability, financial distress, governmental entities, financial sustainability, transparency, accountability, auditors, internal and external auditing, Big4 auditor, IIA Standards, small businesses, SMEs, sustainability reports, sustainable development goals, integrated popular reporting, reporting quality, firm value, enterprise risk management, firm characteristics, conflict handling, litigation risks, transformational leadership, employee wellbeing, executive compensation, asymmetric sensitivity, incentives, pay-performance sensitivity, shareholder value, stock options, COVID-19, stock returns, etc.
The full issue of the journal is available at the following link .
The paper by Carla Morrone, Maria Teresa Bianchi, Valerio Marsocci, and Donato Faioli aims to empirically verify if the board of directors’ diversity (i.e., gender, age, and nationality) affects firm performance, which is calculated referring to ROE, ROA, and EBITDA margin.
Sung S. Kwon, Patrice Gélinas, Nelson Waweru examine whether high investment opportunity set firms vs. non-growth firms will not reduce discretionary expenditures to further sustain the firm growth in a more conservative reporting environment.
Snow Han investigates whether such large initial public offerings events generate real impact in the long run and increase the risk and thus cost of equity of incumbent firms.
Francesco Agliata, Danilo Tuccillo, Andrea Rey, and Maria Rita Filocamo focus on the information inadequacy of public administrations and the consequent need to imagine an overall reporting system for a fruitful dialogue with the reference community.
Isaac Akomea-Frimpong, Ikenna Elias Asogwa, and Emmanuel Junior Tenakwah review the current state of the literature on the incorporation of sustainability principles in corporate governance practices of SMEs, validate the outcomes and set future research agenda.
Yuwei Wang, Shang-Yin Yang, and Chia-Wei Chen study the relationship between directors’ liability insurance and board meeting attendance and find that they are positively associated.
Anju Kalluvelil Janardhanan and Uma Vakadae Ramkumar explore the role of enterprise risk management, Big4 auditors and firm characteristics on firm value in the Indian manufacturing sector.
Chia-Wei Chen, Bingsheng Yi, Meng Zhao, and Qiancheng Zheng deal with the questions of whether and how female board representation will affect firms’ capital structure using a sample of 16,477 firm-year observations during the period from 2006 to 2017.
Rawia Ahmed, Randika Eramudugoda, and M. Fernanda Wagstaff analyze the relationship between the CEO and board chair from a resource dependence perspective in the context of dyadic conflict between them.
Yu-Hsin Lu, Yu-Cheng Lin, and Fang-Ci Gu construct a litigation warning model for auditors to assess audit risk when they evaluate whether accept or terminate an engagement, thus improving audit quality and preventing losses due to litigation.
Mohammad A. Ta’Amnha, Omar M. Bwaliez, Ghazi A. Samawi, and Mohammad F. Al-Anaswah estimate the relationship between transformational leadership and change-oriented organizational citizenship behavior based on basic assumptions of the job demand-resource model, social exchange theory, and behavioral plasticity theory.
Moataz Elmassri, Aisha Yusuf, Aya Khalf Allah, Maryam Al Shamsi, Rizvana Kaniyamparambil, and Shauq Majdi Al Ahbabi assess the attributes of the sustainability reports produced by public listed companies in the United Arab Emirates.
Thomas Aaen and Rainer Lueg revisit the issue of the linkage between CEO pay and performance but with the difference that this paper only includes observable measures in the pay-performance sensitivity estimate.
Vishwa Hamendra Prasad, Ruvendra Nandan, and Nileshni Lata Sharma aim to use theoretical literature to develop propositions and suggest a research agenda on the implications of internal audit on corporate governance.
Ramiz Ur Rehman, Muhammad Ishafq Ahmad, Muhammad Akram Naseem, and Joe Ueng conduct research on the association of the number of confirmed COVID-19 cases and fatalities with stock market returns on the basis of daily stock indices/returns of the SSE and the NYSE from January 2, 2020, to April 2, 2020.
Finally, Mohamed Hegazy and Marwa Farghaly approach to identify the internal and the external auditors’ perceptions of how compliance with the IIA International Standards for the Professional Practices of Internal Auditing enhances the implementation of internal audit function as a corporate governance mechanism in the listed companies in an emerging economy.
We hope that the papers published in this issue would be interesting and provide important indications for scholars, practitioners and regulators.
