New issue of the Corporate Ownership and Control journal
The editorial team of Virtus Interpress is glad to publish a new issue of the journal Corporate Ownership & Control for the year 2024. The current issue has been contributed by authors from all around the world, including Italy, Sweden, Germany, the United States, countries of the MENA region, and others.
Each of the 15 published papers discusses interesting topics, such as corporate governance, corporate social responsibility (CSR), cybersecurity policy, internal audit quality, related party transactions, cash holdings, resource dependence theory, delegation, firm risk, virtual power purchase agreement, shareholder value, decarbonisation, sustainability, gender pay gap (GPG), corporate disclosure, information asymmetry, enforcement, AI tokens, infiltrated firms, judicial administration, managerial accounting, CEO compensation, institutional holders, say-on-pay, external directors, managerial discretion, board independence, free cash flow, firm performance, organizational resilience, etc.
The full issue of the journal is available at the following link .
In the first paper, Elena Bruno, Giuseppina Iacoviello, and Raffaele Casella investigate the relationship between cybersecurity policy and the environmental, social, and governance (ESG) pillar scores in banks, considering the geographical, size, and profitability from 2017 to 2022 by incorporating and building on previous studies.
Chi Zhang, Sabarina Mohammed Shah, Yeng Wai Lau, and Siti Manisah Ngalim study the primary influencing factors of internal audit quality (IAQ) in Chinese commercial banks. The questionnaire data verified that the impact of these three factors on IAQ is significant through the partial least squares structural equation modeling (PLS-SEM) method.
Aghila Sasidharan and Muthuveerappan Thenmozhi look into the effect of cash holdings on related party transactions. The authors also investigate whether the excess cash used for various types of RPTs has any effect on firm value.
Sven-Olof Yrjö Collin and Elin Smith aim to evaluate the relevance of these two dichotomous views: the delegation view stating that governance rights originate from the owners and are delegated to agents, such as the board and the CEO, and the constellation view where rights are located among governance actors.
Souvik Banerjee, Debaditya Mohanti, Shalini Aggarwal, and Ritesh Kumar Dubey assess the impact of female directors on firm risk in the G6 countries (all G7 countries except Italy). The results show that the presence of female directors beyond a threshold point reduces firm risk in the total dataset as well as in individual countries.
Johanna Jahnel, Steffen Hundt, and Björn Sprungk fill a gap in the literature regarding the effect of the virtual power purchase agreement (VPPA) on buyer-shareholder wealth.
Roberta Provasi contributes to the discussion regarding GPG by presenting the empirical results of an analysis of the impact of the new provisions set out in Law No. 162/2021 for Italian companies that are required, with more than 50 employees, to submit a periodic report on GPG.
Marco Papa, Paola Rossi, Paolo Candio, and Anna Lucia Muserra evaluate the effect that a risk Securities Exchange Commission (SEC) comment letter can have on US registrants’ disclosure and the consequent information value generated. The authors examine whether disclosure changes in Item 1A and Form 10-K occur due to the SEC review and affect forecast accuracy.
Mfon Akpan discusses the parameters that define the value of artificial intelligence (AI) tokens based on user interaction, their pricing mechanism, and their correlation with the predicted value thus evaluating AI token valuation based on user engagement, pricing, and website visits.
Angela Maria Greco and Mariastella Messina analyse firms under judicial administration to better understand where firms operate by investigating whether certain financial ratios can serve as red flags indicating criminal infiltration.
Khalid Al-Adeem and Chester H. Brearey examine the extent to which the business sector is aware of sustainability and whether it values social and environmental responsibility, using a web-based questionnaire designed to collect data on their perceptions and understanding of sustainability.
Vishwa Hamendra Prasad, Vishal Sharma, Anita Prasad, and Shiu Lingam seek to understand how organizational resilience affects companies’ ability to deal with the crisis in a real organizational setting through an empirical analysis of 20 COVID-19-affected organizations.
Erlina Papakroni and Tony L. J. Lin provide a list of class activities developed and adapted primarily for managerial accounting courses, since managerial accounting courses struggle with student engagement, often more than other courses, mainly, due to its course content, which differs significantly from the financial accounting courses.
Erez Barak and Keren Bar-Hava examine the implications of mandatory shareholder approval for CEO compensation in Israel, following the “say-on-pay” framework.
The final research paper by Rama Sastry Vinjamury and Barnabas Nattuvathuckal, using panel data analysis, examines the role of managerial discretion in strategic CSR decisions and their impact on firm performance. This study can be considered unique as it analyses total and sector-specific CSR expenditures undertaken by firms.
We wish you a pleasant and informative reading!
