The first issue of the Business Performance Review journal has been published

The Editorial Board of Business Performance Review is honored to introduce the first issue of the journal. The current issue includes scholarly articles dealing with a wide range of research themes, for example, the role of the board of directors, family business, pension funds, investing strategies, international regulator system, and business performance dynamics.

This issue begins with the article authored by Francesco Napoli. The article explores an important research question “whether” and “how” family firms can utilize their board governance to reduce major deviations from the performance trajectory that ensures the long-term survival of the firm. Highlighting several aspects of agency costs and comparing them with the resource dependence theory in the context of family businesses is an important theoretical contribution of the manuscript. The study finds that board independence does not impact on performance stability of the family firm.

The second article by Adeoye Amuda Afolabi. The article examines the performance sustainability of pension fund managers in Nigeria. The author has highlighted the reasons for the rising popularity of pension schemes among people such as favourable changes in the provisions of the Pension Act and effective marketing strategies followed by private insurance companies. The study investigates, first, whether the performance approach for the existing defined contributory pension scheme is still viable today; second, whether pension fund managers’ performance has improved; and finally, whether there are certain impediments to pension fund managers’ performance. The study recommends that it is vital to underscore determinants that drive pension fund contributors to choose their pension fund managers.

Adedeji Ajadi, the author of the third article, investigates whether momentum strategies are profitable in the Nigerian stock market; and whether momentum strategies are conditional upon the states of the market. The study emphasizes the role and relevance of studying the momentum effect in the financial markets in Nigeria because of its high growth potential. The result of the study indicates that the average returns of winners exceed the average returns of losers, therefore identifying the existence of the momentum effect. The study also confirms that the momentum effect is not exogenous and is determined by market conditions, for example, the study established that the momentum effect follows the boom market conditions instead bust market conditions.

The final article co-authored by Vassiliki Balla, Vassiliki Karyotin, and Archontoula Koskeridi, explores the linkage of the largest European port’s efficiency with environmental regulations and the International Convention for the Prevention of Pollution from Ships (MARPOL). The research problem is very compelling since sea pollution is not only being caused by land-based sources (restaurants, touristic businesses, hotels, etc.) but also by the ports themselves through their various infrastructures and marine traffic. Similarly, the sustainability of tourist ports is of utmost importance for the protection of coastal waters as well as for the maintenance of hygiene standards of these ports. The study evidences the environmental and sustainability issues are interrelated and not separable and interesting the management of ports that are investigated in the current study understands and appreciates the benefits of enhanced sustainability.

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

We are grateful to all the scholars who have contributed to this issue, and we hope that you find this issue of the journal useful, informative and educational!