scholarly journals Board size and firm performance: A comparative and comprehensive analysis by using organizational theories and correct proxies

2010 ◽  
Vol 6 (2) ◽  
pp. 35-52
Author(s):  
Kashif Rashid ◽  
Sardar M. N. Islam
Keyword(s):  
Financial Markets ◽  
Comprehensive Analysis ◽  
Stewardship Theory ◽  
Governance Mechanism ◽  
Board Size ◽  
Data Set ◽  
Organizational Theories ◽  
Industry Professionals ◽  
Selection Of

An organization’s board is an important governance mechanism to incorporate corporate governance provisions in financial markets. Previous studies on board size and the value of a firm relationship (BVF) are inconclusive and lack a comparative and comprehensive analysis of this relationship which incorporates the role of additional factors present in the developing financial market. This study bridges the gap in the literature by providing some additional empirical evidence about the BVF relationship. This evidence is provided by performing a comparative and comprehensive analysis of the firms in developing and developed financial markets. Based on a sophisticated data set for the selected markets, two separate models are run and their results are compared. The results for this study suggest that in the developing market a bigger board improves the value of a firm, supporting the relevance of stewardship theory. On the contrary, in the developed market a smaller board improves shareholders’ value, supporting the agency theory. The study has reflected the differences in the efficiency of institutional framework and the sophistication of financial development in a selection of countries, in the results on the BVF relationship. Furthermore, these results make the applicability of different business theories explaining market operations in these markets different from each other. The results are innovative and valuable to academics, analysts and industry professionals in both developing and developed financial markets.

scholarly journals Leadership structure and firm performance by using correct proxies and organizational theories

2011 ◽  
Vol 8 (3) ◽  
pp. 305-313 ◽  
Author(s):  
Kashif Rashid ◽  
Sardar Islam
Keyword(s):  
Financial Markets ◽  
Important Determinant ◽  
Stewardship Theory ◽  
Informational Efficiency ◽  
Policy Makers ◽  
Developed Markets ◽  
A Value ◽  
Organizational Theories ◽  
Leadership Structure

Leadership structure is an important determinant in affecting the value of a firm in developing and developed markets. There is a lack of consensus among the researchers on the leadership structure and the value of a firm (LSVF) relationship. Furthermore, the correct proxy to value a firm has not been used to test its relationship with the mode of leadership in these financial markets. The current study contributes to the literature related to the LSVF by using a correct proxy to value a firm and interpreting the results of the model in the light of important management theories. The tests for incremental regression and correlation are also performed. By using the data for 120 listed companies, the result for the study suggests that dual leadership structure improves the value of a firm supporting the stewardship theory in the selected markets. Finally, results related to the role of control variables suggest that lower debt, efficient regulatory authority, optimal utilization of assets and informational efficiency have a value adding impact on the value for shareholders in these markets. The results for the study provide new insights into the LSVF relationship and are of value to academics and policy makers in the selected markets

William Blake Translated: The Creation of Blake's Literary Fame in Spain

2018 ◽  
Vol 15 (supplement) ◽  
pp. 117-129
Author(s):  
Cristina Flores
Keyword(s):  
William Blake ◽  
Comprehensive Analysis ◽  
Literary Canon ◽  
Critical Approach ◽  
Long Time ◽  
The Creation ◽  
Literary Fame ◽  
Specific Country ◽  
Selection Of

André Lefevere highlights the central role of translations in the creation of literary fame, that is, in ‘the general reception and survival of works of literature among non-professional readers’. Through translations, the image of an author is shaped and projected in different national, historical and cultural contexts. The analysis of the selection of poems translated, and the introduction, notes and annotations that usually accompany those translations, can provide us with a preliminary overview of the presence of an author in a specific country of reception. This is especially true in the case of the reception of William Blake in Spain. The part played by translations, especially the earliest ones, is remarkable because some not only made Blake's work available to a Spanish readership but also provide readers with long introductions that constituted the first and, for a long time, sole critical approach to the British poet in Spanish. This article traces the progressive creation of Blake's literary canon and fame in Spain through the comprehensive analysis of the existing translations, both in Spanish and Catalan.

scholarly journals BOARD STRUCTURE AND BANK PERFORMANCE: EVIDENCE FROM SERBIAN BANKING SECTOR

2020 ◽  
pp. 057
Author(s):  
Verica Babić ◽  
Jelena Nikolić ◽  
Marijana Simić
Keyword(s):  
Corporate Governance ◽  
Banking Sector ◽  
Bank Performance ◽  
Board Composition ◽  
Board Structure ◽  
Governance Mechanism ◽  
Board Size ◽  
Data Set ◽  
Corporate Governance Mechanism ◽  
The Impact

Traditional perspective relying on agency theory is based on the assumption that the board structure, as an internal corporate governance mechanism, determines board effectiveness and, therefore, financial performance. Board size, board composition and leadership structure are distinguished as relevant variables of the board structure. Since the results of previous empirical studies are often contradictory, examining the correlation between board structural characteristics and corporate performance is a relevant research question, particularly in banking sector. In order to improve effectiveness of internal corporate governance mechanism, and consequently bank performance, the main research objective is to identify the impact of the board size and the board composition on bank performance in the Republic of Serbia using the CAMELS model. We analyze this relation using Ordinary Least Squares regression analysis on balanced panel data-set of 54 observations. The paper contributes to recent research efforts by making conclusions on the effects of board structure on bank performance, in order to define recommendations for improving performance in banking sector. 

scholarly journals Analysis of Therapeutic Targets and Prognostic Biomarkers of CXC Chemokines in Cervical Cancer Microenvironment

2021 ◽  
Author(s):  
Wei na Kong ◽  
Gang Zhao ◽  
Hai xia Chen ◽  
Wei na Wang ◽  
Xiao qian Shang ◽  
...  
Keyword(s):  
Cervical Cancer ◽  
Immune Cells ◽  
Immune Cell ◽  
Cell Activity ◽  
Comprehensive Analysis ◽  
Prognostic Biomarkers ◽  
Quantitative Real Time Pcr ◽  
Cell Transport ◽  
Selection Of

Abstract Background: It is well known that the tumor microenvironment (TME) has been received an increasing number of attention. CXC chemokines could regulate immune cell transport and tumor cell activity, thus exerting anti-tumor immunity. However, studies on the expression and prognosis of CXC chemokines in cervical cancer (CC) are more limited. Methods: The study investigated the role of CXC chemokines in the TME and prognosis of CC using public databases. Moreover, quantitative real-time PCR (Q-PCR) and immunohistochemistry (IHC) of CXC chemokines were performed to further verify. Results: The transcriptional levels of CXCL1/3/5/6/8/9/10/11/13/14/16/17 in CC tissues were significantly elevated while the transcriptional levels of CXCL2/4/7/12 were significantly reduced. We reached a consistent conclusion that the expression of CXCL9/10/11/13 was verified by Q-PCR and IHC. Moreover, CC patients with low transcriptional levels of CXCL1/2/3/4/5/8 were signifi-cantly associated with longer overall survival (OS). Our data suggest that RELA, NFKB1, and SP1 are key transcription factors for CXC chemokines, and the LCK, LYN and PAK are CXC chemokine kinases targets. We found significant correlations among the expression of CXC chemokines and the infiltration of six types of immune cells. Conclusions: We performed a comprehensive analysis of CXC chemokines via clinical data and some online tumor database. Our results may provide new idea for the selection of immunotherapeutic targets and prognostic biomarkers for cervical cancer.

scholarly journals Debt, governance and the value of a firm

2014 ◽  
Vol 11 (2) ◽  
pp. 192-203 ◽  
Author(s):  
Kashif Rashid ◽  
Sardar M. N. Islam ◽  
Siti Nuryanah
Keyword(s):  
Financial Markets ◽  
Comprehensive Analysis ◽  
Policy Makers ◽  
Optimal Capital Structure ◽  
Developed Markets ◽  
Leadership Structure ◽  
Negative Role ◽  
Optimal Capital ◽  
The Relationship

This paper examines the role of debt in affecting the value of a firm in the developing and the developed financial markets. The study uses panel data of 120 companies for the years 2000 to 2003 from the selected financial markets. The paper extends the literature by performing a comprehensive analysis of the relationship between debt and the value of a firm, by using a correct proxy to value a firm. Furthermore, the results are interpreted by taking into account the foundations of the developing and developed markets and different financial theories are ranked on the basis of these results of the study. The findings of the study suggest that higher debt plays a negative role in affecting the value of a firm in the selected markets showing the effect of market imperfections in the developing market. The result supports the second trade off theory and the foundation of the developed financial market. An efficient regulatory authority improves the firm’s performance by defending the rights of shareholders and reducing principal and agent conflicts. Similarly, the dual leadership structure, investors’ confidence and optimal utilization of assets improve shareholders’ value in these markets. The results are valuable to academics and policy makers as these results suggest an optimal capital structure for the firms of the selected financial markets.

Who brings home the pork? Parties and the role of localness in committee assignments in mixed-member proportional systems

2016 ◽  
Vol 24 (5) ◽  
pp. 488-500 ◽  
Author(s):  
Thomas Gschwend ◽  
Thomas Zittel
Keyword(s):  
Political Parties ◽  
Statistical Data ◽  
Legislative Organization ◽  
Data Set ◽  
Electoral Incentives ◽  
Self Selection ◽  
Rich Data ◽  
Committee Assignments ◽  
Selection Of

The assignment of seats to specialized standing committees is a most consequential choice in legislative contexts. Distributive theories of legislative organization suggest that electoral incentives to cultivate personal votes result in the self-selection of legislators to committees best suited to please their constituents and, thus, to secure reelection. However, these theories discard the partisan basis of European parliaments and therefore fail to adequately assess the politics of committee assignments in these particular contexts. This article aims to explore the significance of distributive theories for the German case in differentiated ways and on the basis of a new and rich data set including statistical data for five legislative terms (1983, 1987, 1998, 2005, and 2009). It argues that in partisan assemblies, political parties might develop an interest in distributive politics themselves and might assign distinct types of legislators to distinct committees to seek personal votes contingent upon distinct electoral incentives. Particularly, we argue that Germany’s mixed proportional system provides incentives to parties to assign legislators with profound local roots to district committees best suited to please geographic constituents.

Personal leaders and party change: Italy in comparative perspective

2015 ◽  
Vol 45 (3) ◽  
pp. 227-247 ◽  
Author(s):  
Fortunato Musella
Keyword(s):  
Political Parties ◽  
The United States ◽  
Party Change ◽  
Data Set ◽  
Party Leadership ◽  
New Parties ◽  
Party Leaders ◽  
New Procedures ◽  
Selection Of

IntroduzioneParty leaders have become more powerful and autonomous actors in recent years by developing a direct and personal relationship with citizens. As anticipated in the United States (Lowi, 1985), the rise of the ‘personal leader’ seems to have occurred in many European democracies, both in old parties and in more recently formed parties, with a widespread tendency for them to be promoted and controlled by individual leaders. Nevertheless, party leadership remains quite a neglected theme in political science. Through a data set including ~500 party presidents in 13 democracies, this article focusses on the personalization of party leadership by comparing Italy with other Western countries. More particularly, new procedures for the selection of party chairs, the centralization of power in political parties, and the new role of party leaders in the legislative/governmental arena are analysed, given their importance to such a process. The article summarizes new data on the party leaders’ characteristics, with regards to their political backgrounds, how they are elected, how long they stay in office, and whether they become prime minister or enter the executive. In this way, we are able to see how some new parties are created from the outset as highly personalized and centralized parties (Forza Italia being the paradigmatic case), whereas other older parties have also evolved in a personalized direction.

Faculty selection of textbooks: Key variables and the role of teaching experience

2010 ◽  
Author(s):  
Aja Taitano ◽  
Bradley Smith ◽  
Cade Hulbert ◽  
Kristin Batten ◽  
Lalania Woodstrom ◽  
...  
Keyword(s):  
Teaching Experience ◽  
Key Variables ◽  
Faculty Selection ◽  
Selection Of
Sign in / Sign up

Export Citation Format

Share Document