scholarly journals Corporate Sustainable Management, Dividend Policy and Chaebol

2021 ◽  
Vol 13 (13) ◽  
pp. 7495
Author(s):  
Hyunmin Oh ◽  
Sambock Park
Keyword(s):  
Corporate Governance ◽  
Significant Relationship ◽  
Sustainable Management ◽  
Positive Relationship ◽  
Dividend Policy ◽  
Business Group ◽  
Positive Direction ◽  
Empirical Results ◽  
Dividend Policies ◽  
The Relationship

This study empirically examines the relationship between corporate sustainable management (CSM) and dividend policy. Among the various motivations related to dividends, this study examines the relationship between CSM and dividend policy based on the agency and signaling theory. After examining the relationship between CSM and dividend policy, we investigate whether belonging to a large business group (chaebol group) has a significant effect on the relationship between CSM and dividend policy. The analysis period is from 2011 to 2018, and the ESG ratings of the Korea Corporate Governance Service are used as proxies for CSM. The empirical results show that CSM and dividends have a significant relationship in the positive direction. This means that firms with excellent CSM activities have higher dividend levels than those that do not. Furthermore, the association between CSM and dividends is more negative for firms belonging to a chaebol group. This indicates that the positive relationship between CSM and dividends in a firm that belongs to a chaebol group is weakened. This means that the relationship between CSM and dividends in the group belonging to the chaebol group is weakened. It belongs to the group of conglomerates, meaning that the relationship between the amount of dividends and CSM weakened. Our study focuses on CSM as a determinant of dividends, and examines the effects of belonging to a chaebol group in the relationship between CSM and dividends. Given that resolving the interest incompatibility between investors and managers is the focus of corporate governance, dividend policies can be used as a method for resolving the interest incompatibility between investors and managers.

scholarly journals The Effect of Corporate Sustainable Management on the Relationship between Cost Stickiness and Earnings Transparency

2021 ◽  
Vol 13 (23) ◽  
pp. 13453
Author(s):  
Hyunmin Oh ◽  
Sambock Park
Keyword(s):  
Corporate Governance ◽  
Sustainable Management ◽  
Negative Relationship ◽  
Positive Direction ◽  
External Auditors ◽  
Evaluation Scores ◽  
Interaction Variables ◽  
Cost Behavior ◽  
The Relationship ◽  
Cost Stickiness

This study empirically analyzes the relationship between cost stickiness and earnings transparency. Additionally, this study examines the effect of corporate sustainable management (CSM) on the relationship between cost stickiness and earnings transparency. The evaluation scores of Korea Corporate Governance Service (KCGS) are employed to measure CSM activities. The empirical results show that the relationship between cost stickiness and earnings transparency is significant in the negative direction. This means that the more sticky the costs of a firm, the lower the earnings transparency of the firm. In addition, the relationship between the interaction variables of CSM and cost stickiness and earnings transparency is significant in the positive direction. This indicates that CSM activities act as a mechanism to mitigate the negative relationship between cost stickiness and earnings transparency. The findings of this study, which presented the effects of cost stickiness on earnings transparency and the fact that CSM activities act as a device to suppress the opportunistic cost behavior of managers, are expected to provide important implications to investors, external auditors, and supervisors.

The influence of dividend policy on the performance of mining companies: corporate governance as a moderating variable

2021 ◽  
Vol 1 (1) ◽  
pp. 14-17
Author(s):  
Marselino Wau
Keyword(s):  
Corporate Governance ◽  
Dividend Policy ◽  
Central Government ◽  
Company Size ◽  
Public Ownership ◽  
Return On Assets ◽  
Positive Direction ◽  
Dividend Payout ◽  
And Performance ◽  
The Relationship

The mining industry is an important industry for the central government as a source of funds to finance the country's development. Therefore, the performance of companies in this industry has been being an interest of academics and practitioners. However, less attention has been given to the role of corporate governance in moderating the relationship between dividend policy and performance. with the uniqueness of Indonesia's corporate governance system, this study will enrich the dividend policy and corporate governance literature. This study aims to investigate the corporate governance role in moderating the relationship between dividend policy and performance. Besides, this study also looks at the effect of dividend policy and performance. with a final sample of 21 companies for 3 years, we use the Moderated Regression Analysis (MRA) Before the regression run, we conduct several analyses, such as normality. The means score of each variable Return On Assets, Dividend Payout Ratio, Public Ownership, Company Age, and Company size hows that 4.77%, 32%, 29.6%, 23 years, and Rp. 13,6 T. Testing the first hypothesis in this study shows that the dividend payout ratio is accepted in a positive direction, the second hypothesis is Public Ownership, Company Age, Company Size, is rejected and the third hypothesis is Return On Assets is accepted at 10%. The interaction of dividend policy and corporate governance on performance is explained by agency theory. In practice, companies must implement corporate governance effectively.

scholarly journals Ownership Structure and Its Impact on Dividend Policy: A Case of Non–Financial Companies in Pakistan

2021 ◽  
Vol 2 (1) ◽  
pp. 63-73
Author(s):  
ABDUL LATIF ◽  
MUHAMMAD TAHIR KHAN ◽  
MUHAMMAD NISAR KHAN
Keyword(s):  
Random Sample ◽  
Ownership Structure ◽  
Positive Relationship ◽  
Dividend Policy ◽  
Negative Relationship ◽  
Cash Flows ◽  
Share Ownership ◽  
Empirical Results ◽  
Relationship Of ◽  
The Relationship

This article focus on one of important corporate decision that can have a great impact on the sentiments of the investor’s i.e. corporate dividend policy. This study investigates the determinants of the corporate dividend policy in the context of agency relation. The analysis of the study has based on the random sample of eighty firms from the listed companies in Pakistan, for the period of eight years ranging from 2003 to 2012. Stepwise multiple regressions have used to investigate for the relationship of ownership variables with the dividend payouts. The empirical results suggested that there has a negative relationship between the dividend payouts and managerial share ownership and thus these are alternative tools that can be used to minimize the agency problem. And also where there has positive relationship between the institutional suggested that the higher has their shareholdings the higher will be the firm dividend payouts that will leads to less availability of the cash flows with the opportunities managers to expropriate the shareholders wealth.

ÖRGÜTLERDE ÖRGÜTSEL BOLLUĞUN GİRİŞİMSEL ORYANTASYON ÜZERİNDEKİ ETKİSİ

2016 ◽  
Vol 4 (3) ◽  
Author(s):  
Nurdan Gürkan ◽  
Ahmet Ferda Çakmak
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Panel Data ◽  
Strategic Management ◽  
Significant Relationship ◽  
Entrepreneurial Orientation ◽  
Panel Data Analysis ◽  
Organizational Slack ◽  
Analysis Method ◽  
The Relationship

The concept of entrepreneurial orientation, which emerges with the development of strategic management, refers to entrepreneurship orientations of businesses. The businesses need resources in other words organizational slack in order to develop their entrepreneurial trends. The organizational slack consists of three slack type. These slack types are available slack, recoverable slack and potential slack. The purpose of this study is to examine whether organizational slack in the businesses has an effect on entrepreneurial orientation. The relationship between organizational slack and entrepreneurial orientation was investigated through 20 companies that were traded in Borsa Istanbul Corporate Governance Index for 2010-2014 period using panel data analysis method. The results of the study indicate the existence of a statistically significant relationship between and the available slack and the recoverable slack with the entrepreneurial orientation in the businesses. According to findings; there was no statistically significant relationship between potential slack and entrepreneurial orientation.

HUBUNGAN BOARD DAN KOMITE AUDIT TERHADAP MANAJEMEN LABA

2010 ◽  
Author(s):  
Fivi Anggraini
Keyword(s):  
Corporate Governance ◽  
Moral Hazard ◽  
Earnings Management ◽  
Conflict Of Interest ◽  
Significant Relationship ◽  
Stock Exchange ◽  
Earning Management ◽  
Independent Directors ◽  
Relationship Of ◽  
The Relationship

Earnings management is the moral hazard problem of manager that adses because of the conflict of interest between the manager as agent and the stakeholder and the owner as principal. The behavior of earnings management will immediately influence the reported earning. The aims of this research at examining the relationship of board and audit committe to earnings management. The samples of this research is all of companies member Corporate Governance Perception Index (CGPI) in the years of 2003-2006 which were listed in Jakarta Stock Exchange. The results of this study show that (1) the proportion of independent directors on the board had not significant relationship to earning management, (2) competence of independent directors on the board had not significant relationship to earning management, (3) the size of board had significant relationship to earning management, (4) the proportion of independent directors on the audit committe had not significant relationship to earning management, and (5) competence of members of the audit committe had significant relationship to earning management.

scholarly journals Effects of Self-Awareness and Sense of Belonging on Teachers' Professionalism

2021 ◽  
Vol 12 (2) ◽  
pp. 2725-2728
Author(s):  
Erna Kusumawati, Et. al.
Keyword(s):  
Significant Relationship ◽  
Sense Of Belonging ◽  
Partial Correlation ◽  
Self Awareness ◽  
Research Subjects ◽  
Study Strategy ◽  
Positive Direction ◽  
Quantitative Correlation ◽  
Purposeful Sampling ◽  
The Relationship

The purpose of this research was to determine the relationship between self-awareness and a sense of belonging to teachers' professionalism. The study strategy used is a quantitative correlation involving as many as 32 teachers in research subjects. By purposeful sampling, the subjects were chosen. Self-awareness scale, Sense of Belonging Instrument (SOBI), and scale of professionalism are the tools used. Analysis of data using partial correlation testing. The findings showed that there is a connection between self-awareness and significant professionalism with very strong criteria for correlation. However, with very low criteria for correlation, there is no significant relationship between a sense of belonging and professionalism. Then there is an important connection with low correlation criteria between self-awareness and a sense of belonging with professionalism. Each relationship has a positive direction for the relationship. The relationship between self-awareness, sense of belonging, and professionalism is clarified in this study.

scholarly journals Do audit committee characteristics of Bahraini listed companies have an effect on the level of internet financial reporting?

2016 ◽  
Vol 13 (3) ◽  
pp. 131-147 ◽  
Author(s):  
Sara AbdulHakeem Saleh AlMatrooshi ◽  
Abdalmuttaleb M. A. Musleh Al-Sartawi ◽  
Zakeya Sanad
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Financial Reporting ◽  
Audit Committee ◽  
Positive Relationship ◽  
Listed Companies ◽  
Financial Information ◽  
The Internet ◽  
Regression Test ◽  
The Relationship

Corporate Governance and IFR are influential topics that need to be addressed nowadays due to its importance. Especially since companies are growing and extending globally. This research is conducted in Kingdom of Bahrain through the year 2014, where it investigates the relationship between Audit Committee characteristics as a tool of CG and IFR. Literature review has been conducted, not to mention Multi-regression test was used to evaluate the relationship between Audit Committee characteristics and IFR for Bahraini listed companies. The results have showed that the relationship between Audit Committee characteristics and IFR is negative, which indicates that the Audit committee characteristics have no influence over the disclosure of financial information over the internet. However, Frequency of meeting of the board and Big4 resulted in a positive relationship with internet financial reporting. The study ends with a main conclusion and recommendation that contain certain steps and advices of disclosing financial information in an appropriate way through the internet in order to improve the relationship between Audit committee characteristics and IFR.

scholarly journals The Relationship between Working Capital Management and Financial Sustainability of Selected Christian Denominations in Ghana

2019 ◽  
Vol 5 (2) ◽  
pp. 20
Author(s):  
Williams Kwasi Peprah ◽  
Isaac Anowuo ◽  
Daniel Adofo Kwakye Ameyaw
Keyword(s):  
Significant Relationship ◽  
Positive Relationship ◽  
Financial Sustainability ◽  
Working Capital ◽  
Current Ratio ◽  
For Profit ◽  
Not For Profit ◽  
The Relationship ◽  
Not For Profit Organizations ◽  
For Profit Organizations

Management of working capital is a fundamental aspect of finance. This is because it affects the church's liquidity and financial sustainability. The study sort of establishing the relationship between working capital and financial sustainability for selected Christian denominations in Ghana. Using bivariate correlation application in SPSS 23, the financial statements from 2013 to 2017 of 15 Christian Council of Ghana denominational members conveniently sampled and analyzed. Working capital is represented by liquidity ratios of current ratio, and cash ratio and financial sustainability are epitomized by self-support. The study revealed that there was a positive relationship between working capital and financial sustainability among Christian denomination in Ghana. In a detailed outcome, there was a statistically small positive significant relationship between self-support and cash ratio and statistically large positive significant relationship between self-support and current ratio. The study recommends to churches in Ghana to seek an enhancing relationship between their working capital and financial sustainability to prevent a possible closure of the church. Not-for-profit organizations must seek self-support through income generation and diversification to improve their Liquidity. Again, not-for-profit organizations must have a positive relationship between working capital and financial sustainability in that churches exist because of liquidity.

The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Ghazwan Al-Shiblawi ◽  
Dalal Mahdi ◽  
Mohammed Mahdi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Significant Relationship ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Company Size ◽  
Statistical Population ◽  
The Board Of Directors ◽  
The Relationship

The aim of the present study is to assess The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange. The statistical population under study is listed companies of  Iraq Stock Exchange and the number of companies studied in Iraq is 35, from 2015-2019. The results concluded that there is a statistically significant relationship between the change (increase) of institutional ownership and the performance of the company, and this relationship is direct, as well as the relationship between the change (increase) of institutional ownership and the performance of the company. It can change under the influence of the company's size, and this relationship is negative, meaning the larger the company's size, the weaker the relationship. At the same time, the existence of a relationship between changing the composition of the members of the Board of Directors and the performance of the company was not supported, as well as between changing (increasing) the independence of the Board of Directors and the performance of the company, in addition to the relationship between changing the composition of the Board of Directors. The independence of the Board of Directors and the performance of the company is not affected by the change in the size of the company

scholarly journals Executive Incentives and Maximization of the Value of Stakeholders ——Regulating Effects Based on the Independent Director

2018 ◽  
Vol 10 (9) ◽  
pp. 46
Author(s):  
Qitong Yu ◽  
Zili Lin ◽  
Chang Deng
Keyword(s):  
Adverse Effect ◽  
Corporate Governance ◽  
Listed Companies ◽  
Independent Director ◽  
Main Approach ◽  
Empirical Results ◽  
Executive Incentives ◽  
Cash Compensation ◽  
Agency Issues ◽  
The Relationship

Salary incentives mechanism is the main approach used by corporations to solve the agency issues between the management and shareholders. From the perspective of maintaining the maximum of stakeholders’ value, this paper, using the data of A-share listed companies between 2012 and 2016, examines the effectiveness of cash compensation and equity-based incentives. Whether the relationship between the two can be regulated by the introduction of the independent director is further discussed. The empirical results indicate that cash compensation effectively increase the executive’s concern about the interests of stakeholders, while equity-based incentives do just the opposite. In addition, regardless of the proportion of independent director, its regulating effects on the relationship between the two above is negative, causing an adverse effect on the executive’s corporate governance in the light of maximization of the value of stakeholders.

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