scholarly journals CORPORATE GOVERNANCE DISCLOSURE IN THE EXISTENCE OF OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES

2017 ◽  
Vol 21 (2) ◽  
Author(s):  
Melinda Lydia Nelwan
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Growth Opportunities ◽  
Governance Disclosure

Deposits structure, ownership concentration and corporate governance disclosure in GCC Islamic banks

2018 ◽  
Vol 9 (4) ◽  
pp. 587-606 ◽  
Author(s):  
Rihab Grassa
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Far East ◽  
Policy Implications ◽  
Ownership Concentration ◽  
Islamic Banks ◽  
Content Type ◽  
Gcc Countries ◽  
Transparency And Disclosure ◽  
Governance Disclosure

Purpose This paper aims to assess the effects of deposits structure and ownership structure on the GCC Islamic banks’ corporate governance disclosure (CGD) practices. Design/methodology/approach The study is based on a sample of 38 Islamic banks operating in five Gulf Cooperation Council (GCC) countries, and the authors observed them over the period from 2006 to 2011. The authors used the transparency and disclosure score, developed by Standard & Poor’s (S&P), to identify the sample’s CGD scores. Findings This paper’s findings suggest that the level of CGD is lower for Islamic banks with higher ownership concentration, for levered Islamic banks and for Islamic banks with greater concentration of nonprofit-sharing investment accounts (PSIA) and is higher for Islamic banks with greater concentrations of PSIA; the Islamic bank size; the bank age; listed bank and the country transparency index. By disaggregating the total CGD into the three sub-categories, the authors are able to specify, also, the components of corporate governance (CG) impacted by various determinants. Research limitations/implications This paper is subject to a number of limitations. First, there is manual scoring of annual reports (subjectivity). Second, the research focuses exclusively on the GCC context and excludes the other Middle East, Southeast Asia and Far East countries, where ownership structure and deposits structure might affect CGD differently. Third, the governance score, which is used in this research, is developed by S&P and does not take into account the characteristics of Islamic banks. Practical implications The findings of this paper suggest many policy implications. First, through the optimization of ownership structure, GCC countries’ regulators have to improve the Islamic banking system’s CG mechanisms through the optimization of ownership structure (dispersed ownership) to promote transparency and disclosure. Second, regulators and policymakers should revise guidelines with the main purpose of protecting PSIA’ holders (considered to be minor shareholders without voting power) through promoting disclosure and transparency. Third, the findings can be useful for many international supervisory bodies, like the Islamic Financial Services Board (IFSB) and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in evaluating transparency and disclosure standards. Originality/value This study is expected to be useful for all market participants, namely, investors, financial analysts, managers, marker regulators and many international Islamic supervisory bodies, such as the IFSB and AAOIFI, by providing new requirements on CGD in the GCC region and in better understanding its determinants for Islamic banks in this region.

What Tells the Timing of Dividend Payment to Shareholders? The Case of French Companies

2019 ◽  
Vol 9 (1) ◽  
pp. 183
Author(s):  
Wissal Ben Letaifa
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Cox Regression ◽  
Growth Opportunities ◽  
Dividend Payment ◽  
Listed Firms ◽  
Agency Conflict ◽  
French Study ◽  
The Impact ◽  
The Relationship

Purpose: This paper aims to extend and contributes to prior French research on the determinants of the timing of dividend payment. It seeks to investigate the impact of ownership structure, duality of the manager as chairman and president of the board, liquidity, size and growth opportunities, profitability, variation of the amount of dividend on the real timing of dividend payment.Design/methodology/approach: Using a panel of French listed firms from 2003 to 2008, the paper uses a cox regression to investigate the relationship between the corporate determinants and the timing of dividend payment.Finding: The paper finds that large shareholders influence the timing of dividend payment but there is no significant relationship between the duality of the manager and the fixing of the dividend payment. The finding is consistent with agency theory since rapid dividend payment can be employed for mitigating agency conflict as timing of dividend payment can be substituted for shareholder monitoring. Further, the empirical results reveal that Cox regression is more appropriate in explaining the duration of dividend payment with variables associated to corporate governance and ownership structure.Originality/value: The paper contributes to prior research related to the timing of dividend payment by being the first French study to examine the determinants of the timing of dividend payment for listed companies in CAC 40.

scholarly journals Pengaruh Struktur Kepemilikan dan Struktur Dana Pihak Ketiga Terhadap Pengungkapan Tata Kelola pada Bank Syariah di Indonesia

2020 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Farah Dwi Puspitasari ◽  
Citra Sukmadilaga ◽  
Indri Yuliafitri
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Financial Services ◽  
Banking Industry ◽  
Profit Sharing ◽  
Third Party ◽  
Analysis Method ◽  
Independent Variable ◽  
Positive Effect ◽  
Governance Disclosure

<p class="bdabstrak">This study aims to examine the influence of ownership structure and third party funds on corporate governance disclosure. The dependent variable used in this research is corporate governance disclosure measured by Islamic Corporate Governance (ICG). The independent variable in this research is ownership structure measured by blockholders ownership and third party funds measured by Restricted Profit Sharing Investment Account (RPSIA). The population in this study is the sharia banking industry registered in the Financial Services Authority (OJK) period 2012-2018. The sample in this research is 11 Sharia Bank. The data analysis method used in this study is the multiple linear regression. The results showed that the ownership structure and third party funds have a significant positive effect on corporate governance disclosure.</p>

scholarly journals Pengaruh Struktur Kepemilikan dan Struktur Dana Pihak Ketiga Terhadap Pengungkapan Tata Kelola Pada Perbankan Syariah di Indonesia

2020 ◽  
Vol 11 (2) ◽  
pp. 82
Author(s):  
Farah Dwi Puspitasari ◽  
Citra Sukmadilaga ◽  
Indri Yuliafitri
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Financial Services ◽  
Profit Sharing ◽  
Third Party ◽  
Significant Positive Effect ◽  
Analysis Method ◽  
Independent Variable ◽  
Positive Effect ◽  
Governance Disclosure

<em><span lang="EN-US">This study aims to examine the influence of ownership structure and third party funds on corporate governance disclosure. The dependent variable used in this research is corporate governance disclosure measured by Islamic Corporate Governance (ICG). The independent variable in this research is ownership structure measured by blockholders ownership and third party funds measured by Restricted Profit Sharing Investment Account (RPSIA). The population in this study is the sharia banking industry registered in the Financial Services Authority (OJK) period 2012-2018. The sample in this research is 11 Sharia. The data analysis method used in this study is multiple linear regression. The results showed that: (1) ownership structure has a significant positive effect on corporate governance disclosure. (2) third party funds has a significant positive effect on corporate governance disclosure.</span></em>

Corporate Governance Disclosure for Complex Ownership Structure in India

2017 ◽  
Vol 10 (2) ◽  
pp. 143-175 ◽  
Author(s):  
Shakti Deb ◽  
Indrajit Dube
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Global Economy ◽  
The United States ◽  
Corporate Disclosure ◽  
Research Article ◽  
Global Standards ◽  
The Usa ◽  
The Uk ◽  
Governance Disclosure

The transition of a national economy to global economy affected the corporate operation in a varied manner. The dichotomous models of corporate governance call for clarity in corporate objectives, strategies and responsibilities of the modern corporation. The dichotomous approaches towards corporate disclosure are influenced by ownership models, that is, concentrated (e.g., Germany and Japan) and dispersed (e.g., the United States [USA] and the United Kingdom [UK]). The dispersed ownership model implicates arm’s length relationships between shareholders and managers, whereas opposite trend demonstrates concentrated ownership. It implicates heavy reliance on large shareholders for bankrolling the firm. Post-reform market in India developed complex ownership structure which represents both concentrated and disperse trends. Consequently, learning curve for corporate governance disclosure in this type of ownership structure is yet to be consolidated. The present research article draws up a case for improvements in the corporate governance disclosure and attempts to indicate a smarter corporate governance disclosure framework for complex ownership structure in India from the learning of selected jurisdictions (the USA, the UK, Japan and Germany) and best practices. The research article also spotlights on the level of convergence of the corporate disclosure norms in India with the global standards. The scope of this article is limited to non-financial disclosure.

scholarly journals Corporate governance, disclosure, and minority shareholder expropriation: the saga of DaimlerChrysler

2008 ◽  
Vol 5 (2) ◽  
pp. 403-416
Author(s):  
Frederick H. deB. Harris ◽  
Sherry L. Jarrell ◽  
Thomas H. McInish ◽  
Robert A. Wood
Keyword(s):  
Corporate Governance ◽  
Minority Shareholder ◽  
Minority Shareholders ◽  
Growth Opportunities ◽  
Disclosure Requirements ◽  
Flow Of Information ◽  
Governance Disclosure

This paper examines a series of DaimlerChrysler events and finds unique evidence about whether disclosure requirements can compensate for weak corporate governance standards in protecting minority shareholders from expropriation. We show that strict disclosure requirements, though they improve the flow of information to all shareholders, fail фto substitute for strong corporate governance measures. Strict disclosure complements strong corporate governance, and both may be required to create environments in which firms can raise capital and fund growth opportunities most efficiently

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