scholarly journals Partnership, Ownership and Control: The Impact of Corporate Governance on Employment Relations

2001 ◽  
Author(s):  
Simon F. Deakin ◽  
Richard Hobbs ◽  
Suzanne J. Konzelmann ◽  
Frank Wilkinson
Keyword(s):  
Corporate Governance ◽  
Employment Relations ◽  
And Control ◽  
The Impact

Employees and Corporate Social Performance

2009 ◽  
pp. 327-333
Author(s):  
Punit Arora
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Employment Relations ◽  
Stakeholder Relationships ◽  
Stakeholder Influence ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

Over 30 years of research on the relationship between corporate social performance (CSP) and financial performance (FP) has yielded no conclusive results. Researchers have tried to legitimize (or discredit) social performance on the basis of its surmised impact on corporate profitability. However, the empirical evidence on the topic has been as divisive as the theoretical propositioning. By reviewing the theory and evidence on the topic, this article puts forth four intertwined propositions that could be confounding these results: failure to consider the impact of corporate governance, lumping together all sorts of expenditures under the rubric of social performance, failure to consider the stakeholder relationships, and above all, not accounting for the past reputation and stakeholder influence capacity of the firm. In particular, we contend that it is the employment relations that run like a common thread among these factors and hold the key to the dynamics of CSP-FP link.

scholarly journals The use of corporate derivatives: Effects on firm value in the Italian market

2021 ◽  
Vol 19 (1) ◽  
pp. 55-68
Author(s):  
Alberto Tron ◽  
Federico Colantoni
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Control Variable ◽  
Governance Mechanisms ◽  
Financial Firms ◽  
Corporate Governance Mechanisms ◽  
Italian Market ◽  
Effect Regression ◽  
And Control ◽  
The Impact

It is an empirical question whether the use of derivatives hedging among firms actually contributes to enhancing firm performances. Despite the increasing use of derivatives by non-financial firms, existing literature still debates about their effect, especially in countries with peculiar corporate governance mechanisms. By using a sample of non-financial Italian firms listed from 2007 to 2018, this paper investigates if the use of several types (currency, interest rate, and commodity) of financial derivatives can affect the value of a company. For measuring the impact of the derivatives and in order to address any possible endogeneity problem, besides using the conventional methodologies applied by previous literature (fixed-effect regression models and system GMM estimators), we run a random forest model, a machine learning technique not yet applied before in this field, and calculate the relative importance of each independent and control variable. Differently from other European countries, findings show that the use of derivatives does not affect the firm value in the Italian market. Therefore, our results confirm the role of corporate governance mechanisms on the relationship between firm value and the use of derivatives and that their impact is country-specific.

What causes financial crisis in Asian countries?

2018 ◽  
pp. 5-19 ◽  
Author(s):  
Anh Thi Thuy Vo ◽  
Thuy Xuan Ha ◽  
Khanh Phan Nha Bui
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Minor Effect ◽  
Asian Countries ◽  
Macroeconomic Factors ◽  
Governance Index ◽  
The Business Cycle ◽  
A Minor ◽  
And Control ◽  
The Impact

In this paper, we investigate the indicators of financial crisis in Asian countries, focusing more on the impact of corporate governance. Unlike the previous studies such as Johnson et al. (2000) and Acemoglu et al. (2003) that use some fixed measures of corporate governance based on the law in force in a specific year—such as the anti-director right index (ADRI) or the anti-self dealing index (ASDI)—we employ the annual Worldwide Governance Index (WGIs) and the Quality of Governance Index. The regression results, which use the data of 19 Asian countries from 1996 to 2015, and control for country fixed effect and the business cycle, show that the macroeconomic factors appear to have no effect, or a minor effect, on currency depreciation. However, better corporate governance reduces the decline in currency value.

scholarly journals Penerapan Manajemen Risiko terhadap Perwujudan Good Corporate Governance pada Perusahaan Asuransi

TRIKONOMIKA ◽  
2014 ◽  
Vol 13 (2) ◽  
pp. 195
Author(s):  
Yana Ayu Pradana ◽  
Brady Rikumahu
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
The State ◽  
Strategic Objectives ◽  
Good Corporate Governance ◽  
Significant Difference ◽  
And Control ◽  
The Impact

Good Corporate Governance (GCG) is a system used to direct and control the company’s business activities. Risk emerges with the business activities of the company to achieve the company’s strategic objectives. Company needs to manage these risks to minimize the impact of risk and achieve the company’s strategic objectives. This study focuses on the effects that arise from the application of risk management to the realization of GCG through principles of GCG. There are 15 respondents from one of the State-Owned Enterprises in the area of insurance. Research shows that a significant difference between risk management and corporate governance of 53.40%. Risk management has an important role in the realization of corporate governance through effective risk management, so that the company can minimize the risks and impacts more carefully to take opportunities.

scholarly journals Do operational risk and corporate governance affect the banking industry of Pakistan?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Komal Altaf ◽  
Huma Ayub ◽  
Malik Shahzad Shabbir ◽  
Muhammad Usman
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Commercial Banks ◽  
Operational Risk ◽  
Primary Data ◽  
Monitoring And Control ◽  
Content Type ◽  
Operational Risk Management ◽  
And Control ◽  
The Impact

PurposeDue to increase in operational risk, banks are facing huge losses. In order to avoid losses, banks need to manage operational risk. This study aims to analyze the impact of operational risk management (ORM) processes, which include identification, assessment, analysis, monitoring and control in the presence of corporate governance (CG) that can also contribute to effective ORM practices.Design/methodology/approachOperational risk management processes are used to manage operational risk along with CG. Primary data are collected through questionnaire from (167) operational risk managers of commercial banks. Multiple linear regressions has been run to analyze the data.FindingsResults indicate significant impact of CG and operational risk identification (ORI), monitoring and control on ORM practices in commercial banks of Pakistan.Originality/valueThe study suggests policy makers to improve the ORM framework by CG. Beside this, in order to lessen operational risk, proper identification, monitoring and control of operational risk could also contribute.

Corporate Governance in Russian Companies: Globalization and Crisis Effects

2009 ◽  
pp. 83-96 ◽  
Author(s):  
T. Dolgopyatova
Keyword(s):  
Corporate Governance ◽  
Stock Exchanges ◽  
Executive Management ◽  
Institutional Conditions ◽  
World Crisis ◽  
Top Managers ◽  
Governance Tools ◽  
And Control ◽  
The Impact ◽  
Domestic Companies

The paper studies the development of corporate governance in Russian companies both in economic growth and world crisis context. Interests of domestic or foreign shareholders and top-managers are working as incentives for improving corporate governance tools. These interests are determined by a number of economic and institutional conditions. In 2000s Russian businesses have entered world financial markets (including stock exchanges) and mergers and acquisitions markets. Participation of foreign shareholders in the equity and control over domestic companies has been spreading. These trends have resulted in intense use of corporate governance standards under the impact of stock market regulations and disciplined influence of foreign shareholders, managers, and non-executive (independent) directors. The crisis has brought dramatic reduction of decision-making horizon, discredit to IPO, violation of minor shareholders rights, rise in management opportunism and stockholders return to executive management.

scholarly journals The Impact of Whistleblowing Awards Programs on Corporate Governance

2019 ◽  
Vol 36 ◽  
pp. 63-83 ◽  
Author(s):  
Janet Austin ◽  
Sulette Lombard
Keyword(s):  
Corporate Governance ◽  
Securities And Exchange Commission ◽  
New Governance ◽  
Whistle Blowing ◽  
Award Program ◽  
System A ◽  
The Us ◽  
Award Programs ◽  
And Control ◽  
The Impact

Since the introduction of a whistle-blower awards program by the US Securities and Exchange Commission in 2010, securities regulators in other countries, including Canada, have adopted, or are considering adopting, similar programs. For example, in 2016, the Ontario Securities Commission adopted its own whistle-blower award program. Although the primary main reason for these programs is to encourage the reporting of securities violations to the regulator, they could also have an impact on corporate governance. This is because the implementation of such a program may prod companies to design, and then instigate, a more effective internal whistle-blowing system. A truly successful internal whistle-blowing system can enable a company to detect and correct potential wrongdoing before it causes significant harm. This article closely examines this connection between whistle-blowing award programs, companies’ compliance and risk management systems, and how a whistle-blowing award program might well result in more effective internal whistle-blowing systems without the need for a regulator to resort to the imposition of prescriptive rules. As such, this article reflects upon how whistle-blower award programs fit within new governance regulatory theory that challenges traditional “command-and-control-type”regulation in favour of an outcome-driven approach.

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