Corporate Risk-Taking in Chinese Dual-Board Corporate Governance System

2008 ◽  
Author(s):  
Zhenyu Wu ◽  
Yuanshun Li ◽  
Shujun Ding ◽  
Chunxin Jia
Keyword(s):  
Corporate Governance ◽  
Risk Taking ◽  
Governance System ◽  
Corporate Governance System ◽  
Corporate Risk

IMPROVING THE EFFICIENCY OF THE BANK'S BOARD OF DIRECTORS BY IMPROVING RISK MANAGEMENT

2021 ◽  
Vol 4 (12) ◽  
pp. 30-34
Author(s):  
Indira Z. Toguzova ◽  
◽  
Soslan I. Kalitsov ◽  
Natalie V. Kisieva ◽  
Zarina E. Tarkhanova ◽  
...  
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Board Of Directors ◽  
Governance System ◽  
Corporate Risk Management ◽  
Integrated Risk ◽  
Corporate Governance System ◽  
The Board Of Directors ◽  
Corporate Risk

Banking risk management has become particularly important in an unstable and volatile exter-nal environment. It presupposes both the development of the instrumental elements of the integrated risk management system and the development of the corporate governance system. The article examines the features of risk management both at the level of bank management and at the level of corporate governance, in particular, the role of the board of directors in effective corporate risk management is shown. On this basis, the authors formulated recommendations for the formation of a culture of risk management.

Does corporate governance influence corporate risk-taking? Evidence from the Institutional Shareholders Services (ISS)

2015 ◽  
Vol 13 ◽  
pp. 105-112 ◽  
Author(s):  
Pornsit Jiraporn ◽  
Pattanaporn Chatjuthamard ◽  
Shenghui Tong ◽  
Young Sang Kim
Keyword(s):  
Corporate Governance ◽  
Risk Taking ◽  
Institutional Shareholders ◽  
Corporate Risk

ANALYSIS OF THE CORPORATE GOVERNANCE SYSTEM OF PJSC “LUKOIL”

2021 ◽  
Vol 2 (4) ◽  
pp. 198-205
Author(s):  
Vladimir Vladimirovich Filatov ◽  
Marina Vladimirovna Buzulutskaya ◽  
Alexander Vladimirovich Olimpiev ◽  
Sergey Alexandrovich Tikhachev
Keyword(s):  
Corporate Governance ◽  
Governance System ◽  
Corporate Governance System

Current state of corporate governance: global business and cultural analysis

2016 ◽  
Vol 39 (11) ◽  
pp. 1431-1446 ◽  
Author(s):  
Namporn Thanetsunthorn ◽  
Rattaphon Wuthisatian
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
National Culture ◽  
Future Research ◽  
Governance System ◽  
Cultural Characteristics ◽  
Policy Makers ◽  
Content Type ◽  
Current State ◽  
Corporate Governance System

Purpose The purpose of this study is to explore the current state of corporate governance in various aspects of business settings and to empirically examine the impact of national culture on corporate governance performance, with a view of supporting business corporations in further enhancing the effectiveness of their corporate governance system. Design/methodology/approach A pooled sample of 9,003 companies drawn from 50 countries across ten different regions is collected. A variety of statistical methods, including the paired sample t-test, the ordinary least squares regression and the Pearson product-moment correlation coefficient are implemented to analyze the current state of corporate governance. To empirically investigate the causal relationship between national culture and corporate governance, the multivariate regression analysis is also applied. Findings This study proposes a broad set of the empirical findings regarding the current state of corporate governance. Despite being accepted as a prerequisite building block for sustainable corporate social responsibility (CSR), corporate governance is still receiving far less attention among business corporations. The governance framework is widely adopted by business corporations, yet the intensity of implementing corporate governance is significantly different across regions. The variation of the intensity observed across regions can be explained by the national cultural characteristics that are all likely to impact the degree to which corporations act in corporate governance manners. Corporate governance performance is strongly related to three other aspects of socially responsible corporate performance – community, employee and environment. Research limitations/implications This study provides both the motivation and a starting point for further investigation in the milieu of corporate governance. It would be interesting for future research to further explore the extent to which corporate governance has a positive indirect impact on a firm’s financial performance. There is potential to provide a more comprehensive analysis of the interaction effect of national culture and geographic region on corporate governance performance of the corporations embedded in that region through a statistical interaction method. In addition, it may be interesting to integrate corporate financial performance (CFP) into the analysis to identify a specific type/practice of the corporate governance that could provide the highest return on the investment. Last, another interesting avenue for future research would be to explore the ethical mechanisms that have been institutionalized to promote corporate governance practices. Practical implications The present study is beneficial to both business corporations and policy makers. In essence, the study can potentially draw managers’ attention to applying modified corporate governance strategies according to their national culture. Furthermore, the study can alter business corporations to promote a strong corporate governance regime in chorus to CSR strategies so as to promote CSR development, which ultimately results in higher levels of competitiveness and CFP. In addition, policy makers who are responsible for inward foreign investment can use the findings of this study to evaluate the investors’ potential governance adoption. Originality/value The findings of this study are useful in encouraging the business corporations to further strengthen their corporate governance system. This study helps to fill the theoretical void regarding the cultural impact on corporate governance by exploring a broad set of national cultural characteristics under which good corporate governance is more or less likely to occur.

The effect of borrower country financial system and corporate governance system types on the spread of syndicated loans

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nuno Moutinho ◽  
Carlos Francisco Alves ◽  
Francisco Martins
Keyword(s):  
Corporate Governance ◽  
Governance System ◽  
Financial Systems ◽  
Content Type ◽  
Financial Firms ◽  
Governance Systems ◽  
Corporate Governance System ◽  
Lower Interest Rate ◽  
Loan Spreads ◽  
The Cost

Purpose This study aims to analyse the effect of borrower’s countries on syndicated loan spreads, featuring countries according to institutional factors, namely, financial systems and corporate governance systems. Design/methodology/approach This study is an empirical investigation based on a unique sample of more than 85,000 syndicated loans from 122 countries. The paper uses standard and two-stage least squares regression analysis to test whether the types of financial and corporate governance systems affect loan spreads. Findings The paper finds that borrowers from countries with financial systems oriented towards the banking-based paradigm pay lower interest rate spreads than those from countries with financial systems oriented towards the market-based paradigm. In addition, there is evidence that borrowers from countries with more developed financial systems pay lower spreads. The results also show that borrowers from countries with an Anglo-Saxon governance system pay higher spreads than borrowers from countries with a Continental governance system. Research limitations/implications This study does not consider potential promiscuous relationships that can arise at the ownership structure and governance level between banks and borrowers and may affect loan spreads. Practical implications This study suggests that financial and corporate governance systems are essential factors in the financial intermediation process. Furthermore, the evidence indicates that corporates with higher potential agency costs and higher potential information asymmetry are requested to pay higher spreads. Therefore, the opportunities to such corporates invest optimally tend to be scarcer. Originality/value The paper highlights the impact of institutional factors on the cost of financing, characterising the countries according to the type of financial system and the type of corporate governance system. The study finds that borrowers from countries with bank-based financial systems pay lower interest rate spreads than those from countries with market-based financial systems. The paper also highlights how the level of financial development affects the cost of financing. The paper focusses on non-financial firms, unlike financial firms, which have been the focus of several empirical studies on topics relating to the cost of funding and corporate governance.

Sign in / Sign up

Export Citation Format

Share Document