Subjects -> LAW (Total: 1397 journals)
    - CIVIL LAW (30 journals)
    - CONSTITUTIONAL LAW (52 journals)
    - CORPORATE LAW (65 journals)
    - CRIMINAL LAW (28 journals)
    - CRIMINOLOGY AND LAW ENFORCEMENT (161 journals)
    - FAMILY AND MATRIMONIAL LAW (23 journals)
    - INTERNATIONAL LAW (161 journals)
    - JUDICIAL SYSTEMS (23 journals)
    - LAW (843 journals)
    - LAW: GENERAL (11 journals)

LAW (843 journals)                  1 2 3 4 5 | Last

Showing 1 - 200 of 354 Journals sorted alphabetically
ABA Journal Magazine     Full-text available via subscription   (Followers: 16)
Acta Judicial     Open Access   (Followers: 2)
Acta Juridica     Full-text available via subscription   (Followers: 5)
Acta Politica     Hybrid Journal   (Followers: 19)
Acta Universitatis Danubius. Juridica     Open Access  
Acta Universitatis Lodziensis : Folia Iuridica     Open Access  
Actualidad Jurídica Ambiental     Open Access  
Adelaide Law Review     Full-text available via subscription   (Followers: 19)
Administrative Law Review     Open Access   (Followers: 37)
Aegean Review of the Law of the Sea and Maritime Law     Hybrid Journal   (Followers: 7)
African Journal of Legal Studies     Hybrid Journal   (Followers: 9)
African Journal on Conflict Resolution     Open Access   (Followers: 28)
Ahkam : Jurnal Hukum Islam     Open Access  
Ahkam : Jurnal Ilmu Syariah     Open Access   (Followers: 1)
Air and Space Law     Full-text available via subscription   (Followers: 19)
Akron Law Review     Open Access   (Followers: 4)
Al 'Adalah : Jurnal Hukum Islam     Open Access  
AL Rafidain law journal     Open Access  
Al-Ahkam     Open Access  
Al-Istinbath : Jurnal Hukum Islam     Open Access  
Alaska Law Review     Open Access   (Followers: 9)
Alberta Law Review     Open Access   (Followers: 13)
Alternative Law Journal     Hybrid Journal   (Followers: 8)
Alternatives : Global, Local, Political     Hybrid Journal   (Followers: 10)
Amazon's Research and Environmental Law     Open Access   (Followers: 2)
American Journal of Comparative Law     Full-text available via subscription   (Followers: 60)
American Journal of Jurisprudence     Hybrid Journal   (Followers: 20)
American Journal of Law & Medicine     Full-text available via subscription   (Followers: 10)
American Journal of Legal History     Full-text available via subscription   (Followers: 11)
American Journal of Trial Advocacy     Full-text available via subscription   (Followers: 6)
American University Law Review     Open Access   (Followers: 13)
American University National Security Law Brief     Open Access   (Followers: 6)
Amicus Curiae     Open Access   (Followers: 5)
Anales : Facultad de Ciencias Jurídicas y Sociales de la Universidad Nacional de La Plata     Open Access  
Anales de la Cátedra Francisco Suárez     Open Access  
Annales Canonici     Open Access  
Annales de droit     Open Access  
Annales de la Faculté de Droit d’Istanbul     Open Access  
Annales Universitatis Mariae Curie-Skłodowska, sectio G (Ius)     Open Access  
Annals of the Faculty of Law in Belgrade - Belgrade Law Review     Open Access  
Anuario da Facultade de Dereito da Universidade da Coruña     Open Access  
Anuario de la Facultad de Derecho : Universidad de Extremadura (AFDUE)     Open Access  
Anuario de Psicología Jurídica     Open Access   (Followers: 1)
ANZSLA Commentator, The     Full-text available via subscription   (Followers: 3)
Appeal : Review of Current Law and Law Reform     Open Access   (Followers: 1)
Arbeidsrett     Full-text available via subscription  
Arbitration Law Monthly     Full-text available via subscription   (Followers: 4)
Arbitration Law Reports and Review     Hybrid Journal   (Followers: 12)
Arctic Review on Law and Politics     Open Access   (Followers: 1)
Argumenta Journal Law     Open Access  
Arizona Law Review     Open Access   (Followers: 5)
Arizona State Law Journal     Free   (Followers: 2)
Arkansas Law Review     Free   (Followers: 4)
Ars Aequi Maandblad     Full-text available via subscription   (Followers: 4)
Art + Law     Full-text available via subscription   (Followers: 11)
Artificial Intelligence and Law     Hybrid Journal   (Followers: 16)
ASAS : Jurnal Hukum dan Ekonomi Islam     Open Access   (Followers: 1)
Asia Pacific Law Review     Open Access   (Followers: 1)
Asia-Pacific Journal of Ocean Law and Policy     Hybrid Journal   (Followers: 2)
Asian American Law Journal     Open Access   (Followers: 2)
Asian Journal of Law and Society     Hybrid Journal   (Followers: 9)
Asian Journal of Legal Education     Full-text available via subscription   (Followers: 3)
Asian Pacific American Law Journal     Open Access   (Followers: 3)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 3)
Asy-Syir'ah : Jurnal Ilmu Syari'ah dan Hukum     Open Access  
Australasian Law Management Journal     Full-text available via subscription   (Followers: 3)
Australian and New Zealand Sports Law Journal     Full-text available via subscription   (Followers: 7)
Australian Feminist Law Journal     Hybrid Journal   (Followers: 10)
Australian Indigenous Law Review     Full-text available via subscription   (Followers: 20)
Australian Journal of Legal History     Full-text available via subscription   (Followers: 16)
Australian Year Book of International Law Online     Hybrid Journal  
Ballot     Open Access  
Baltic Journal of Law & Politics     Open Access   (Followers: 5)
Bar News: The Journal of the NSW Bar Association     Full-text available via subscription   (Followers: 7)
Behavioral Sciences & the Law     Hybrid Journal   (Followers: 29)
Beijing Law Review     Open Access   (Followers: 4)
Berkeley Journal of Entertainment and Sports Law     Open Access   (Followers: 5)
Berkeley Technology Law Journal     Free   (Followers: 16)
BestuuR     Open Access  
Bioderecho.es     Open Access  
Bioethics Research Notes     Full-text available via subscription   (Followers: 15)
Boletín de la Asociación Internacional de Derecho Cooperativo     Open Access  
Bond Law Review     Open Access   (Followers: 17)
Boston College Journal of Law & Social Justice     Open Access   (Followers: 11)
Boston College Law Review     Open Access   (Followers: 15)
Boston University Law Review     Free   (Followers: 11)
Bratislava Law Review     Open Access  
BRICS Law Journal     Open Access   (Followers: 1)
Brigham Young University Journal of Public Law     Open Access   (Followers: 6)
Brill Research Perspectives in Comparative Discrimination Law     Full-text available via subscription  
Brill Research Perspectives in International Investment Law and Arbitration     Full-text available via subscription   (Followers: 3)
British Journal of American Legal Studies     Open Access   (Followers: 1)
Brooklyn Law Review     Open Access   (Followers: 4)
Bulletin of Medieval Canon Law     Full-text available via subscription   (Followers: 3)
Bulletin of Yaroslav Mudryi NLU : Series : Philosophy, philosophy of law, political science, sociology     Open Access  
Business and Human Rights Journal     Full-text available via subscription   (Followers: 5)
C@hiers du CRHIDI     Open Access  
Cadernos de Dereito Actual     Open Access  
Cahiers de la Recherche sur les Droits Fondamentaux     Open Access  
Cahiers Droit, Sciences & Technologies     Open Access   (Followers: 1)
California Law Review     Open Access   (Followers: 22)
California Western Law Review     Open Access   (Followers: 3)
Cambridge Law Journal     Hybrid Journal   (Followers: 133)
Cambridge Yearbook of European Legal Studies     Hybrid Journal   (Followers: 4)
Campus Legal Advisor     Hybrid Journal   (Followers: 2)
Canadian Journal of Law & Jurisprudence     Full-text available via subscription   (Followers: 11)
Canadian Journal of Law and Society     Hybrid Journal   (Followers: 23)
Canadian Journal of Law and Technology     Open Access   (Followers: 2)
Case Western Reserve Law Review     Open Access   (Followers: 2)
Časopis pro právní vědu a praxi     Open Access  
Catalyst : A Social Justice Forum     Open Access   (Followers: 10)
Católica Law Review     Open Access  
Chicana/o-Latina/o Law Review     Open Access   (Followers: 2)
China : An International Journal     Full-text available via subscription   (Followers: 20)
China Law and Society Review     Full-text available via subscription  
China-EU Law Journal     Hybrid Journal   (Followers: 5)
Chinese Journal of Comparative Law     Hybrid Journal   (Followers: 7)
Chinese Journal of Environmental Law     Hybrid Journal  
Chinese Law & Government     Full-text available via subscription   (Followers: 8)
Chulalongkorn Law Journal     Open Access  
Cleveland State Law Review     Free   (Followers: 2)
Clínica Jurídica per la Justícia Social : Informes     Open Access  
College Athletics and The Law     Hybrid Journal   (Followers: 1)
Colombia Forense     Open Access  
Columbia Journal of Environmental Law     Open Access   (Followers: 12)
Columbia Journal of Gender and Law     Open Access   (Followers: 1)
Columbia Journal of Law & the Arts     Open Access   (Followers: 2)
Columbia Journal of Law and Social Problems     Full-text available via subscription   (Followers: 15)
Columbia Journal of Race and Law     Open Access  
Columbia Journal of Tax Law     Open Access  
Columbia Law Review (Sidebar)     Open Access   (Followers: 22)
Commercial Law Quarterly: The Journal of the Commercial Law Association of Australia     Full-text available via subscription   (Followers: 4)
Comparative Law Review     Open Access   (Followers: 45)
Comparative Legal History     Hybrid Journal   (Followers: 8)
Comparative Legilinguistics     Open Access   (Followers: 1)
Con-texto     Open Access  
Conflict Resolution Quarterly     Hybrid Journal   (Followers: 40)
Cornell Law Review     Open Access   (Followers: 15)
Corporate Law & Governance Review     Hybrid Journal  
Critical Analysis of Law : An International & Interdisciplinary Law Review     Open Access   (Followers: 6)
Cuadernos de Historia del Derecho     Open Access   (Followers: 6)
Cuestiones Juridicas     Open Access   (Followers: 2)
Current Legal Problems     Hybrid Journal   (Followers: 27)
Danube     Open Access   (Followers: 3)
De Europa     Open Access  
De Jure     Open Access   (Followers: 1)
Deakin Law Review     Full-text available via subscription   (Followers: 14)
Debater a Europa     Open Access  
Democrazia e diritto     Full-text available via subscription   (Followers: 2)
Denning Law Journal     Open Access   (Followers: 5)
DePaul Journal of Women, Gender and the Law     Open Access   (Followers: 4)
DePaul Law Review     Open Access   (Followers: 2)
Derecho Animal. Forum of Animal Law Studies     Open Access   (Followers: 1)
Derecho PUCP     Open Access   (Followers: 1)
Derecho y Ciencias Sociales     Open Access   (Followers: 1)
Derechos en Acción     Open Access  
Dereito : Revista Xurídica da Universidade de Santiago de Compostela     Full-text available via subscription  
Deusto Journal of Human Rights     Open Access   (Followers: 2)
DiH : Jurnal Ilmu Hukum     Open Access  
Dikaion     Open Access   (Followers: 1)
Dike     Open Access  
Dikê : Revista de Investigación en Derecho, Criminología y Consultoría Jurídica     Open Access  
Diké : Revista Jurídica     Open Access  
Direito e Desenvolvimento     Open Access   (Followers: 1)
Direito.UnB : Revista de Direito da Universidade de Brasília     Open Access  
Dixi     Open Access  
DLR Online     Open Access   (Followers: 1)
Doxa : Cuadernos de Filosofía del Derecho     Open Access  
Droit et Cultures     Open Access   (Followers: 7)
Droit, Déontologie & Soin     Full-text available via subscription   (Followers: 1)
Drug Science, Policy and Law     Full-text available via subscription   (Followers: 4)
Duke Environmental Law & Policy Forum     Open Access   (Followers: 7)
Duke Journal of Gender Law & Policy     Open Access   (Followers: 20)
Duke Law & Technology Review     Open Access   (Followers: 12)
Duke Law Journal     Open Access   (Followers: 29)
e-Pública : Revista Eletrónica de Direito Público     Open Access  
Economics and Law     Open Access   (Followers: 3)
Edinburgh Law Review     Hybrid Journal   (Followers: 20)
Education and the Law     Hybrid Journal   (Followers: 16)
Election Law Journal     Hybrid Journal   (Followers: 18)
Environmental Justice     Hybrid Journal   (Followers: 12)
Environmental Law Review     Full-text available via subscription   (Followers: 23)
Environmental Policy and Law     Hybrid Journal   (Followers: 16)
ERA-Forum     Hybrid Journal   (Followers: 5)
Erasmus Law Review     Open Access  
Erdélyi Jogélet     Open Access   (Followers: 7)
Espaço Jurídico : Journal of Law     Open Access   (Followers: 1)
Estudios de Derecho     Open Access  
Ethnopolitics     Hybrid Journal   (Followers: 3)
Ethos: Official Publication of the Law Society of the Australian Capital Territory     Full-text available via subscription   (Followers: 5)
EU Agrarian Law     Open Access   (Followers: 4)
European Convention on Human Rights Law Review     Hybrid Journal   (Followers: 5)
European Energy and Environmental Law Review     Full-text available via subscription   (Followers: 14)
European Investment Law and Arbitration Review Online     Full-text available via subscription   (Followers: 1)
European Journal of Comparative Law and Governance     Hybrid Journal   (Followers: 11)
European Journal of Law and Technology     Open Access   (Followers: 19)
European Law Journal     Hybrid Journal   (Followers: 144)
European Public Law     Full-text available via subscription   (Followers: 44)
European Review of Private Law     Full-text available via subscription   (Followers: 37)
European Yearbook of Minority Issues Online     Hybrid Journal   (Followers: 5)

        1 2 3 4 5 | Last

Similar Journals
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Corporate Law & Governance Review
Number of Followers: 0  
 
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 2707-1111 - ISSN (Online) 2664-1542
Published by Virtus Interpress Homepage  [7 journals]
  • The effect of strategic planning on the implementation of independent
           campus learning

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study was conducted to determine the strategic planning applied to teaching and learning strategies in independent campus learning programs that have been planned by the Ministry of Education and Culture of the Republic of Indonesia. This study uses a sample of the population in universities. The sample population is expected to provide a quality predictive value. The method used is descriptive quantitative research, using stratified data based on respondent stratification surveying several areas in East Java Province, Indonesia. This research is in line with what has been done by Hu, Liu, Chen, and Qin (2018) who answered the problems of higher education in China by applying different strategies to get careful planning in creating good outcomes for students and encouraging university progress and the quality of graduates. This study found that students' application of teaching and learning strategies can respond positively to the performance of the Freedom to Learn — Independent Campus (FLIC) by providing affective experiences to students in learning outside the classroom and directly entering the industrial world or creating entrepreneurial methods. This research contributes to encouraging the implementation of the Indonesian Ministry of Education policy in changing more effective learning methods by providing experiences outside the classroom.

      Keywords: Strategy Implementation, Teaching-Learning Strategy, Freedom to Learn, Independent Campus, Indonesia

      Authors' individual contribution: Conceptualization — A.F.R.; Methodology — D.A.; Software — D.A.; Validation — R.E.; Formal Analysis — R.E.; Investigation — R.E.; Data Curation — D.A.; Writing — Original Draft — R.E. and D.A.; Writing — Review & Editing — D.A.; Supervision — A.F.R.; Project Administration — A.F.R.; Funding Acquisition — A.F.R.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: D83, O21, R58

      Received: 05.01.2022
      Accepted: 22.06.2022
      Published online: 24.06.2022

      How to cite this paper: Ekasari, R., Rodli, A. F., & Arif, D. (2022). The effect of strategic planning on the implementation of independent campus learning [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 300–306. https://doi.org/10.22495/cgobrv6i2sip14

      2022-06-24T12:11:40Z
       
  • Customer governance and segmentation using database algorithm

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The primary goal of any business is to maximize its profits. The company must have the right customers to ensure its continuous existence. This paper aims to help a company identify the right customers by developing a flow that enables them to easily do so. Customers for sure progress from one loyalty stage to the next in time, and marketing actions can help them to do so (Ngobo, 2017). The focus is on the problem of identifying the right customers based on what the company needs at that moment (the best-performing ones, the new ones, the ones who will retain, etc.). The methodology will include an analysis of data previously stored by the company. It will give technical details of how this flow is created and how is practically implemented. The existing data, is manipulated more appropriately and then passed and stored in a dedicated PostgreSQL database. This kind of database offers important techniques such as advanced indexing and high availability to build scalable, reliable, and fault-tolerant database applications (Schönig, 2020). In conclusion, the paper will give the effects of the actions taken based on the lists generated by the created logic.

      Keywords: Customer, Customer Value, Segment, Cases, Database, Flow, Knowledge Management, Algorithm, Information Systems

      Authors' individual contribution: Conceptualization — A.B.; Methodology — O.S. and S.X.; Writing — Original Draft — A.B. and L.B.; Writing — Review & Editing — S.X., J.I., and L.B.; Supervision — A.B.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: D21, L21, M150

      Received: 04.01.2022
      Accepted: 21.06.2022
      Published online: 23.06.2022

      How to cite this paper: Biberaj, A., Shurdi, O., Balliu, L., Xhaferllari, S., & Imami, J. (2022). Customer governance and segmentation using database algorithm. Journal of Governance & Regulation, 11(3), 8–16. https://doi.org/10.22495/jgrv11i3art1

      2022-06-23T13:58:33Z
       
  • Internal audit function is a global governance pursuit: What could be done
           in emerging markets'

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This paper investigates the internal and the external auditors' perceptions of how compliance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practices of Internal Auditing (Standards) enhances the implementation of internal audit function (IAF) as a corporate governance mechanism in the listed companies in an emerging economy. Based on the Common Body of Knowledge (CBOK) database questionnaires were sent to internal auditors (IAs) and external auditors (EAs) of listed firms, and interviews were made with individuals involved in the IAF. The results reveal that IAF in an emerging economy faces difficulties related to objectivity, qualifications, and the roles of the internal audit staff reducing its role in corporate governance (CG). Significant positive correlations between compliance with Attribute Standards of independence, objectivity, proficiency, and free of interference and performance standards enhanced the organizational status of the internal audit. But there is a weak correlation between audit documentation and the organizational status of the internal audit. Quality assurance and improvement program, ongoing monitoring, and self-assessment by other personnel inside the organization having enough knowledge of the internal audit practices are needed for IAF to fulfill its CG responsibilities. This study is considered among the first that surveyed the status of the use of the professional IIA Standards in the listed firms in one of the emerging economies characterized by having good corporate governance practices from the perspectives of both IAs and EAs of the same companies under study.

      Keywords: Internal Audit Function, IIA Standards, Corporate Governance, External Auditing, Internal Audit Practice, Egypt

      Authors' individual contribution: Conceptualization — M.H. and M.F.; Methodology — M.H. and M.F.; Investigation — M.H. and M.F.; Writing — Review & Editing — M.H. and M.F.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G34, M14, M42

      Received: 05.04.2022
      Accepted: 21.06.2022
      Published online: 23.06.2022

      How to cite this paper: Hegazy, M., & Farghaly, M. (2022). Internal audit function is a global governance pursuit: What could be done in emerging markets? Corporate Ownership & Control, 19(3), 201–216. https://doi.org/10.22495/cocv19i3art16

      2022-06-23T07:23:38Z
       
  • Value relevance of comprehensive income: Tax avoidance and derivative
           instruments

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The existence of comprehensive income as the adoption of IFRS, which has been carried out in Indonesia since 2012, has resulted in this figure information as one of the important information used by investors. Company policies originating from operating and non-operating activities can affect financial information quality. This study deals with the effect of tax avoidance and derivative instruments on the value relevance of comprehensive income. Research data is derived from the financial data of non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2012 to 2019, sourced from www.idx.co.id and finance.yahoo.com. This study's total number of samples is 202 observations through purposive sampling with several criteria. Data in this research is included cross-section data so that the hypothesis testing employed in this research is ordinary least square regression analysis. This study finds that tax avoidance and derivative instruments are not associated with the value relevance of comprehensive income. This study suggests that investors' investment decisions are not influenced by information on tax avoidance and ownership of derivative instruments. However, tax avoidance is positively associated with value relevance using the book value of equity basis, while derivative instruments ownership is negatively associated with value relevance with the comparable basis.

      Keywords: Derivatives, Tax Avoidance, Management Policies, Value Relevance, Comprehensive Income, IFRS Adoption

      Authors' individual contribution: Conceptualization — A.F. and A.F.; Methodology — A.F., A.F., S.W., and F.I.; Formal Analysis — A.F., A.F., F.I., and P.W.; Investigation — S.W. and A.M.; Writing — Original Draft — A.F. and A.F.; Writing — Review & Editing — S.W., F.I., P.W., and A.M.; Supervision — Am.F., F.I., and P.W.; Project Administration — Ar.F., S.W., and A.M.; Funding Acquisition — Am.F., S.W., F.I., P.W., and A.M.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M40, M41, M48, M14, H26

      Received: 27.03.2022
      Accepted: 17.06.2022
      Published online: 21.06.2022

      How to cite this paper: Firmansyah, A., Fadlil, A., Wijaya, S., Irawan, F., Wibowo, P., & Mabrur, A. (2022). Value relevance of comprehensive income: Tax avoidance and derivative instruments. Corporate & Business Strategy Review, 3(1), 85–95. https://doi.org/10.22495/cbsrv3i1art8

      2022-06-21T13:55:09Z
       
  • The association of the number of confirmed COVID-19 cases and fatalities
           with stock market returns: A case of the USA and China

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The daily stock indices/returns of the Shanghai Stock Exchange (SSE) and the New York Stock Exchange (NYSE) were examined from January 2, 2020, to April 2, 2020, during the COVID-19 pandemic period. The sample was then split into three event windows. The returns were negative during the post-COVID-19 window for both markets. Interestingly, a positive link was found between NYSE returns and COVID-19 cases and deaths during the peak COVID-19 death window. These findings indicate the buying frenzy of investors in the NYSE in the wake of the increased pandemic level as compared to the SSE.

      Keywords: COVID-19, Stock Returns, Post-COVID-19, Peak COVID-19

      Authors' individual contribution: Conceptualization — R.U.R.; Methodology — M.I.A.; Software — M.A.N.; Validation — R.U.R.; Formal Analysis — M.A.N.; Resources — J.U.; Data Curation — M.I.A.; Writing — Original Draft — M.I.A. and M.A.N.; Writing — Review & Editing — J.U.; Supervision — R.U.R. and J.U.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G31, G32, C32

      Received: 15.02.2022
      Accepted: 17.06.2022
      Published online: 21.06.2022

      How to cite this paper: Rehman, R. U., Ahmad, M. I., Naseem, M. A., & Ueng, J. (2022). The association of the number of confirmed COVID-19 cases and fatalities with stock market returns: A case of the USA and China. Corporate Ownership & Control, 19(3), 195–200. https://doi.org/10.22495/cocv19i3art15

      2022-06-21T13:29:23Z
       
  • Editorial: New developments in corporate governance research

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      This issue of the Journal of Governance and Regulation was published on June 21, 2022.

      By clicking the button "Download This Article" you will gain direct access to the Editorial of the issue.

      How to cite: Alsaid, L. A. (2022). Editorial: New developments in corporate governance research [Special issue]. Journal of Governance and Regulation, 11(2), 200–202. https://doi.org/10.22495/jgrv11i2sieditorial

      2022-06-21T10:01:51Z
       
  • The impact of internal financial determinants on the financial performance
           of listed mineral firms on the Vietnam Stock Exchange

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study aims to investigate the impact of internal financial factors on the financial performance of mineral firms listed on the Vietnam Stock Exchange. The research uses quantitative and qualitative methods to process the data collected. The results reveal that determinants of internal financial factors, including solvency, have a negative correlation with return on sales (ROS); firm growth rate (RG) has a positive correlation with ROS; capital structure influences the return on equity (ROE) positively, and capital structure negatively affects ROE; capital structure and DR have a negative impact on return on assets (ROA); current assets structure have a positive correlation with the ROA; CR has a negative impact on ROA; while firm RG and age have a positive correlation with ROA; the remaining determinants do not influence financial performance. Nhung, Daphné, and Huyen (2021) concluded that two variables consisting of total assets turnover ratio (ATR) and growth in sales significantly influence financial performance (FP) when it is measured by return on equity (ROE) or return on sales (ROS). However, this impact level of internal financial determinants is different. Finally, some suggestions are shown to enhance the financial performance of listed mineral firms in Vietnam.

      Keywords: Financial Factors, Financial Performance, Assets, Capital Structure, Mineral Firms

      Authors' individual contribution: Conceptualization — H.N.; Methodology — D.T.D. and V.H.P.; Resources — T.H.T.N. and Thi T.N.; Writing — Review & Editing — M.D.T.; Visualization — H.N. and Thu T.N.; Funding Acquisition — T.T.T.N. and Thi T.N.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M41, F65

      Received: 27.01.2022
      Accepted: 15.06.2022
      Published online: 17.06.2022

      How to cite this paper: Nguyen, H., Do, D. T., Nguyen, T. H. T., Nguyen, T. T. T., Tran, M. D., Nguyen, T. T., Pham, V. H., & Nguyen, T. T. (2022). The impact of internal financial determinants on the financial performance of listed mineral firms on the Vietnam Stock Exchange [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 287–299. https://doi.org/10.22495/cgobrv6i2sip13

      2022-06-17T07:25:46Z
       
  • Does IFRS convergence affect earnings quality and market volatility'

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      In 2006, Egypt issued new standards to be in line with the International Financial Reporting Standards (IFRS). The new Egyptian Accounting Standards (EAS) were created with the intention of making financial statements more comparable and transparent, and they replaced the country's previous 1997 and 2002 standards. This study aims to investigate how these new modifications of the EAS affect the market volatility (MV) and earnings quality (EQ) in such a developing country. Using data from 184 observations from 46 non-financial Egyptian listed firms for the period from 2013 to 2018, our results show that IFRS convergence has no effect on EQ (Mahmoud, 2018; Osinubi, 2020). Earnings quality is also found to be inversely related to MV (Hung & Van, 2020; Wongchoti, Tian, Hao, Ding, & Zhou, 2021), and IFRS has a significant positive impact on MV. The results also confirm no change in EQ and MV after the new EAS. These findings can guide standard setters and regulators that applying high-quality financial standards is not solely sufficient to provide accurate information and that other factors, such as legal enforcement, organization performance, and increasing the cost of compliance, are needed alongside post-IFRS convergence.

      Keywords: IFRS, Earnings Quality, Market Volatility, Egyptian Accounting Standards, Firm Leverage, Firm Size

      Authors' individual contribution: Conceptualization — R.E. and S.E.; Methodology — S.E. and R.E.; Software — S.E.; Formal Analysis — S.E.; Resources — E.E. and R.E.; Data Curation — S.E. and E.E.; Writing — Original Draft — S.E., E.E., and R.E.; Writing — Review & Editing — E.E. and R.E.; Visualization — E.E. and S.E.; Supervision — E.E. and R.E.; Project Administration — R.E. and E.E.; Funding Acquisition — E.E. and R.E.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M480, C120, C330, G10, G120, G320, H790

      Received: 20.03.2022
      Accepted: 13.06.2022
      Published online: 15.06.2022

      How to cite this paper: Elbolok, R., Elghateet, S., & ElHawary, E. (2022). Does IFRS convergence affect earnings quality and market volatility? Corporate & Business Strategy Review, 3(1), 64–84. https://doi.org/10.22495/cbsrv3i1art7

      2022-06-15T12:45:59Z
       
  • Implications of internal audit effectiveness on corporate governance:
           Research agenda

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This paper aims to use theoretical literature to develop propositions and suggest a research agenda on the implications of internal audit (IA) on corporate governance (CG). The paper uses institutional theory and Marx's theory of the circuit of industrial capital to develop theoretical and justifiable propositions and highlight influential research agenda. The key variables are identified and operationalization issues are discussed. To demonstrate the relationship between CG and IA, researchers used theories such as institutional theory, agency theory, stewardship theory, and resource dependence theory (Tripathi, 2019; Činčalová & Hedija, 2020). The existing literature does not offer norms for IA effectiveness. We claim that a positive relationship between IA compliance with standards and CG could be used to assess IA performance. It is high time that the IA should be given consideration as a service to the board, and the IA should be made independent of the top management. Studies in settings where IA is well-developed and in different contexts, similar to Fiji, where IA is relatively at an early stage of development, could provide valuable insights.

      Keywords: Internal Auditing, Corporate Governance, Organizational Performance

      Authors' individual contribution: Conceptualization — V.H.P.; Methodology — V.H.P.; Investigation — V.H.P. and N.L.S.; Resources — V.H.P.; Writing — Original Draft — V.H.P. and N.L.S.; Writing — Review & Editing — V.H.P., R.N., and N.L.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M4, M41, M42, M48

      Received: 23.12.2021
      Accepted: 10.06.2022
      Published online: 13.06.2022

      How to cite this paper: Prasad, V. H., Nandan, R., & Sharma, N. L. (2022). Implications of internal audit effectiveness on corporate governance: Research agenda. Corporate Ownership & Control, 19(3), 182–194. https://doi.org/10.22495/cocv19i3art14

      2022-06-13T12:44:07Z
       
  • Innovative financial management model for private higher education
           institutions according to the Long-Term 20-Year Higher Education Plan

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The purpose of this study is to 1) analyse innovative management elements for private higher education institutions within the context of the Long-Term 20-Year Higher Education Plan (2018–2037) (Office of the Higher Education Commission [OHEC], 2017) and 2) suggest new financial management models for private higher education institutions. The findings indicated that the management of private higher education institutions entailed five critical components: 1) general management, 2) academic management, 3) research management, 4) financial government, and 5) human resource management. Financial management, on the other hand, is at the core of administration. According to systemic management theory, the financial management model called the “7FM model” was designed. It is divided into four major components based on system theory and seven sub-components: input (FM1 — modern management and FM2 — revenue generation and customer management); process (FM3 — working capital management, FM4 — budget management, and FM5 — financial management and control); outcome (FM6 — a focus on results and creating value in finance, budgeting, and markets); and feedback (FM7 — report on the results of the development of innovative treasury management systems). The study argues that private higher education institutions should construct a financial organisational structure and strategy, reform and improve their financial system and revenue models, increase their competitiveness, and expand financial management research and training.

      Keywords: Innovative Financial Management Model, Long-Term 20-Year Higher Education Plan

      Authors' individual contribution: Conceptualization — N.S., T.N.-S., and P.A.; Methodology — N.S. and T.N.-S.; Validation — N.S. and P.A.; Formal Analysis — N.S. and T.N.-S.; Writing — N.S.; Investigation — N.S., T.N.-S., and P.A.; Resources — N.S.; Data Curation — N.S. and T.N.-S.; Supervision — N.S.; Project Administration — N.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G10, G14

      Received: 01.03.2022
      Accepted: 07.06.2022
      Published online: 10.06.2022

      How to cite this paper: Satityapong, N., Na-Soontorn, T., & Amornkitpinyo, P. (2022). Innovative financial management model for private higher education institutions according to the Long-Term 20-Year Higher Education Plan [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 279–286. https://doi.org/10.22495/cgobrv6i2sip12

      2022-06-10T13:08:18Z
       
  • The moderating role of board gender diversity in association of board
           characteristics and firm value

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The present study investigates the relationship between board characteristics and a firm value. The study offers new insight into the association between board characteristics and a firm value by examining whether board gender diversity alters the impact of board characteristics on a firm value. The study uses panel data approach on a sample of 39 non-financial firms listed in the S&P BSE SENSEX 50 over 6 years (2014–2015 to 2019–2020). An appropriate model between fixed effect and the random effect was selected using the Hausman test first and two separate regressions were run later, showing the direct effect of board characteristics on firm value, and change in the effect of board characteristics on firm value when board gender diversity was put as a moderator. Consistent with the previous findings (Field, Lowry, & Mkrtchyan, 2013; Vo & Bui, 2017; Gulzar, Haque, & Khan, 2020), the study reveals that board busyness has a significant and positive effect on Tobin's Q only, whereas, board meetings and board gender diversity are the factors that leave a significant negative effect on both return on assets (ROA) and Tobin's Q. In contrast to existing literature (Chin, Ganesan, Pitchay, Haron, & Hendayani, 2019), we found that the board gender diversity positively moderates the association of board size and board meetings with Tobin's Q and ROA, respectively.

      Keywords: Corporate Governance, Companies Act, Financial Performance, Board Gender Diversity, Moderating Effect, Tobin's Q

      Authors' individual contribution: Conceptualization — M.A. and M.T.J.; Methodology — M.A. and S.N.A.; Software — M.A.; Validation — M.M.A.; Formal Analysis — M.A. and M.M.A.; Investigation — M.A.; Resources — M.A. and M.F.A.; Writing — Original Draft — M.A.; Writing — Review & Editing — M.T.J. and S.N.A.; Supervision — M.F.A.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: C33, G38, G300, K29, L1, L250, M140

      Received: 04.01.2022
      Accepted: 06.06.2022
      Published online: 09.06.2022

      How to cite this paper: Anas, M., Jamal, M. T., Ahmad, M. M., Azmi, S. N., & Alam, M. F. (2022). The moderating role of board gender diversity in association of board characteristics and firm value. Corporate Governance and Sustainability Review, 6(2), 29–41. https://doi.org/10.22495/cgsrv6i2p3

      2022-06-09T13:59:23Z
       
  • Convergence of corporate governance in state-owned enterprises: A case
           study in an emerging market using OECD Guidelines

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      Abstract

      This article investigates an under-researched area of government activity and corporate governance reform, namely, corporate governance in state-owned enterprises. State-owned enterprises (SOEs) form a significant part of the economy in many countries and particularly in Asia. This article contributes to the larger corporate governance convergence debate by investigating whether arrangements originally conceptualised in the private sector prior to going global have indeed gone global and extended into the public sector. The article approaches the problem by investigating three interrelated questions posed by Clarke (2011): whether convergence could occur, whether it is occurring and whether such convergence is a good thing. Using a combination of DiMaggio and Powell's (1983) institutional framework, convergence theory and doctrinal methods, the article sets the Organisation for Economic Co-operation and Development (OECD) Guidelines on Corporate Governance of State-Owned Enterprises as a benchmark and assesses Philippine state-owned enterprise law and practices. The analysis revealed a high level of convergence. We find evidence that convergence was occurring by a series of high-level dialogues, that it was open and sufficiently non prescriptive to allow selective adoption and adaptation to local context. In evaluating the convergence, we believe that the benefit to the overall welfare of the Philippines outweighed the drawbacks.

      Keywords: Corporate Governance, State-Owned Enterprises, OECD, OECD Guidelines on Corporate Governance of State-Owned Enterprises, Institutionalism

      Authors' individual contribution: Conceptualization — B.S. and K.G.L.M.; Methodology — B.S. and K.G.L.M.; Formal Analysis — B.S. and K.G.L.M.; Investigation — K.G.L.M.; Data Curation — K.G.L.M.; Writing — Original Draft — K.G.L.M.; Writing — Review & Editing — B.S. and K.G.L.M.; Project Administration — K.G.L.M.; Supervision — B.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors wish to express their thanks to the LLM Program, College of Law, University of the Philippines, Quezon City.

      JEL Classification: G34, G38, N15, O16

      Received: 21.02.2022
      Accepted: 06.06.2022
      Published online: 09.06.2022

      How to cite this paper: Sheehy, B., & Madrid, K. G. L. (2022). Convergence of corporate governance in state-owned enterprises: A case study in an emerging market using OECD Guidelines. Corporate Law & Governance Review, 4(1), 19–34. https://doi.org/10.22495/clgrv4i1p2

      2022-06-09T10:54:28Z
       
  • Does stock market performance have a long effect on economic growth:
           Evidence from MENA

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Financial market has a close relationship with economic growth because increasing economic growth, representing the real gross domestic product (GDP), will enhance the efficiency and develop the stock market. On the other hand, the good performance of the stock market will affect economic growth positively. This paper aims to investigate the impact of stock market performance on the economic growth of a group of MENA countries during the time period 2000–2019. This study uses unbalanced panel data, unit root test, co-integration test, and autoregressive distributed lag (ARDL) model for data analysis (Kao, 1999; Pesaran, Shin, & Smith, 2001). The findings report that the stock market index, banking sector development, the ratio of foreign direct investment (FDI) to the GDP, and the consumer price index, as a proxy of inflation, have a significant positive long-run effect on the economic growth, while the ratio of broad money supply (M2) to the GDP has a significant negative long-run effect on the economic growth. The policymakers and government can based on the results of the study in developing and adopting policies to improve and enhance the efficiency of the stock market and attracting new investors inside and outside the country, which results in increasing the economic growth.

      Keywords: Financial Markets, Economic Growth, Panel Data, ARDL, MENA

      Authors' individual contribution: Conceptualization — W.A.S. and K.I.B.; Methodology — W.A.S. and K.I.B.; Software — W.A.S. and K.I.B.; Formal Analysis — W.A.S. and K.I.B.; Investigation — W.A.S. and K.I.B.; Resources — W.A.S. and K.I.B.; Writing — Original Draft — W.A.S. and K.I.B.; Writing — Review & Editing — W.A.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors thank the faculty members of the Department of Banking and Financial Sciences and the Department of Economics at the Hashemite University for their support.

      JEL Classification: B26, C33, D53, E44, E52

      Received: 28.02.2022
      Accepted: 06.06.2022
      Published online: 08.06.2022

      How to cite this paper: Al Salamat, W., & Batayneh, K. I. (2022). Does stock market performance have a long effect on economic growth: Evidence from MENA [Special issue]. Journal of Governance & Regulation, 11(2), 368–373. https://doi.org/10.22495/jgrv11i2siart16

      2022-06-08T12:23:09Z
       
  • Negative reflections of nepotism on employees and obstacles in the process
           of institutionalization of family businesses

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      One of the most prominent problems faced by family businesses is the presence of nepotism. This study was conducted to find out if nepotism is present in local family businesses operating in Kosovo. It also aims to identify the negative reflections of nepotism on employees and the effects of nepotism on obstructing the institutionalization of family businesses. In this study, direct interviews were conducted with the managers of 10 family businesses who have no family ties with the founders of the business. The study was conducted with qualitative methods with the model of the case study, where the program MAXQDA 2020 was used for data analysis, which created codes and categories from the results of interviews. From the results of this study, it is understood that nepotism as a phenomenon is widespread in these enterprises. On the other hand, some of the negative reflections of nepotism on the managers and other employees of these family businesses have been identified as a result of the existence of nepotism. It is also understood that the existence of nepotism is an obstacle to the institutionalization of family businesses.

      Keywords: Family Businesses, Nepotism, Institutionalization

      Authors' individual contribution: Conceptualization — J.S., V.S., and D.L.; Methodology — J.S. and V.S.; Resources — J.S., V.S., and D.L.; Writing — Original Draft — J.S., V.S., and D.L.; Writing — Review & Editing — J.S. and V.S.; Visualization — J.S. and D.L.; Funding Acquisition — J.S. and V.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M10, M12, M51

      Received: 05.02.2022
      Accepted: 03.06.2022
      Published online: 07.06.2022

      How to cite this paper: Spahi, J., Shala, V., & Lima, D. (2022). Negative reflections of nepotism on employees and obstacles in the process of institutionalization of family businesses [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 268–278. https://doi.org/10.22495/cgobrv6i2sip11

      2022-06-07T14:01:11Z
       
  • Challenges in enterprise architecture management: Overview and future
           research

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Due to the ongoing digitalization, today's business world is changing rapidly. To stay competitive, companies need to adapt quickly to a fast changing-environment. This can be difficult, as organizations are complex systems consisting of many technical and infrastructural elements. Enterprise architecture management (EAM) is therefore increasingly important to companies when managing their infrastructure and adapting it to environmental changes. Despite its relevance, many companies struggle with challenges related to EAM tasks. Up to now, research lacks comprehensive reviews about the field of EAM and the related challenges. This article aims to close this research gap by conducting an iterative systematic literature review (SLR) to identify relevant EAM challenges in different EAM tasks. Hereto, based on Schmidt and Buxmann (2011), the tasks of EAM are divided into six dimensions — EA documentation, EA planning, EA communication and support, EA programming, EA implementation, and EA governance — which are investigated separately. This article's result is a comprehensive overview of research in the field of EAM challenges. Additionally, interdependencies between the dimensions are assumed. Furthermore, an outlook on future research opportunities from an organizational, corporate governance, project, and technical perspective is provided.

      Keywords: Enterprise Architecture, Enterprise Architecture Management, Literature Review, EAM Challenges, EAM Tasks

      Authors' individual contribution: Conceptualization — T.B.; Methodology — T.B. and E.K.; Validation — E.K.; Formal Analysis — T.B.; Investigation — T.B.; Resources — T.B.; Data Curation — T.B.; Writing — Original Draft — T.B.; Writing — Review & Editing — E.K.; Visualization — T.B.; Supervision — E.K.; Project Administration — T.B.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: We acknowledge support by the Open Access Publication Fund of the University of Duisburg Essen.

      JEL Classification: M15, O30, O32

      Received: 01.02.2022
      Accepted: 02.06.2022
      Published online: 06.06.2022

      How to cite this paper: Brée, T., & Karger, E. (2022). Challenges in enterprise architecture management: Overview and future research [Special issue]. Journal of Governance & Regulation, 11(2), 355–367. https://doi.org/10.22495/jgrv11i2siart15

      2022-06-06T14:07:10Z
       
  • An assessment of selected tax burdens and reliefs of hidden champions:
           Theoretical comparison between Slovakia and Ireland

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The purpose of the paper is to review and evaluate selected tax burdens and reliefs between Slovakia and Ireland in relation to a specific type of globally successful innovative company introduced to scientific literature as “hidden champion” (HC) by Simon (1990). In the process of writing the work, the following methods of comparison, logical generalization, analysis, and synthesis were used. The results showed that both countries lack in providing specific regime in research and development (R&D), corporate income, and value-added tax (VAT) aspects to small and medium-sized enterprises (SMEs) (including HCs). Moreover, as reported by Ibec (2019), small companies face several challenges to their growth due to taxation. A parallel view on two countries (tax heaven and a classic approach country) provides a great prospect on all gaps in the taxation system. Although improvements are predicted and confirmed every second year, tax policy in the analyzed countries is not fully matched to current situations. The work reveals for the first time the fact that there are few specialized programs for SMEs, getting an exemption or applying for relief is difficult. In general, there is a lack of studies devoted to taxes within the concept of “hidden champions”. This paper contributes to this field from the perspective of policymaking, and it provides valuable insight for practice.

      Keywords: Hidden Champions, SME, Tax Burden, Tax Relief, Corporate Income Tax, R&D Tax

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      JEL Classification: E620, E640, F600, M190, O320

      Received: 01.01.2022
      Accepted: 30.05.2022
      Published online: 02.06.2022

      How to cite this paper: Sariyev, N. (2022). An assessment of selected tax burdens and reliefs of hidden champions: Theoretical comparison between Slovakia and Ireland [Special issue]. Journal of Governance & Regulation, 11(2), 346–354. https://doi.org/10.22495/jgrv11i2siart14

      2022-06-02T13:34:49Z
       
  • Performance and profitability of local banks: The case of the emerging
           market

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This paper investigates the performance and profitability of local banks of Oman for 2017–2020. Financial ratios are employed to measure the financial performance of the local banks listed in the Muscat Securities Market (Sufian, 2009). The study uses cluster analysis procedures for statistical investigation. The cluster results show that cost, profitability, and balance sheet structure (asset-liability structure) are important factors. Big banks behave differently compared to small banks, even though the size was not included as a variable in the cluster analysis. The cluster results did not indicate that COVID-19 has significantly dented the performance of banks in Oman. The financial stability and the soundness of the banking sectors are essential for both investors and depositors, and the main policy implication of this research study is that local banks in Oman are resilient, and a positive outlook is expected, given their ability to survive and manage their business during the global coronavirus outbreak.

      Keywords: Banks, Cluster Analysis, Oman, Ratio Analysis, Global Outbreak

      Authors' individual contribution: Conceptualization — S.A.K.; Methodology — S.R.M.Y.; Investigation — S.A.K., S.R.M.Y., and A.A.F.; Resources — S.A.K. and S.R.M.Y.; Writing — S.A.K., S.R.M.Y., and A.A.F.; Supervision — S.A.K.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G2, G21, G32

      Received: 03.04.2022
      Accepted: 31.05.2022
      Published online: 02.06.2022

      How to cite this paper: Al Kharusi, S., Murthy, Y. S. R., & Al Foori, A. (2022). Performance and profitability of local banks: The case of the emerging market. Corporate & Business Strategy Review, 3(1), 55–63. https://doi.org/10.22495/cbsrv3i1art6

      2022-06-02T13:16:33Z
       
  • Influencing factors of short- and long-term returns on IPOs in the Chinese
           and the U.S. capital markets: A systematic literature review

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      In their studies, Loughran, Ritter, and Rydqvist (1994), Fan, Wong, and Zhang (2007), Chi and Padgett (2005) as well as Ritter (1991) show differences in the regional characteristics of underpricing and overpricing in initial public offerings (IPOs). Our study analysis the regional differences in the influencing factors of underpricing or overpricing based on a systematic literature review that is focused on the Chinese and the U.S. capital markets. Therefore, following the systematic literature review protocol, it was possible to select 38 papers published between 1988 and 2019. Our results show that stock market-specific factors are crucial for regional differentiation. Results on the correlation between stakeholder- and issuance-specific factors are at least partially contradictory. The uniformly identified correlations of stakeholder and issuance factors diverge only slightly in both markets. The investigation of the influencing factors mentioned in the studies also reveals the causal relationship that the IPO return phenomenon of underpricing is influenced by site-exclusive and site-independent factors, whereas overpricing is primarily influenced by site-independent factors. We thus close an existing research gap and satisfy an important information need of issuers and investors.

      Keywords: Underpricing, Overpricing, Initial Public Offering, Systematic Literature Review

      Authors' individual contribution: Conceptualization — M.K. and T.A.H.; Methodology — M.K. and T.A.H.; Investigation — M.K.; Resources — M.K.; Writing — Original Draft — M.K. and T.A.H.; Writing — Review & Editing — M.K. and T.A.H.; Supervision — T.A.H.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G15, G30, G40

      Received: 27.03.2022
      Accepted: 27.05.2022
      Published online: 01.06.2022

      How to cite this paper: Krug, M., & Herberger, T. A. (2022). Influencing factors of short- and long-term returns on IPOs in the Chinese and the U.S. capital markets: A systematic literature review. Risk Governance and Control: Financial Markets & Institutions, 12(2), 8–26. https://doi.org/10.22495/rgcv12i2p1

      2022-06-01T13:03:46Z
       
  • Macroeconomic performance and the budget deficit in Jordan: A trigger
           point for change in the aftermath of COVID-19

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      No one doubts that COVID-19 will widen the budget deficit in most, if not all, developing countries. This development (widening public deficit) is particularly important for countries like Jordan. Indeed, since 1965, all governments have witnessed a deficit in their budgets. Within this context, the primary purpose of this paper is to examine the impact of real gross domestic product (GDP) on the fiscal deficit in the Jordanian economy. To examine the impact of real GDP on the real fiscal deficit of Jordanian government, we use annual data that covers the period 1992–2019 and use some relevant econometric techniques (stationarity test, co-integration, vector error correction model (VECM), and variance analysis) to realize the primary objective of the paper. The documented evidence indicates that the underlying long-run relationship between fiscal deficit and GDP is stable. In addition, the results indicate that real GDP takes on increasing weight in explaining the variability in the fiscal deficit over time. Considering the fact that real GDP affects (positively) the fiscal deficit, the government should use the implications of COVID-19 on the budget, as a “trigger” point for change. The government should re-examine its public spending and where possible, seek savings, and greater spending efficiency levels. The government must also re-examine the current tax law, and make the necessary changes to make the system generate not only more tax revenues but more diversified tax revenues as well.

      Keywords: Jordan, Fiscal Deficit, GDP, Tax Revenues, Public Debt, Public Spending

      Authors' individual contribution: Conceptualization — M.O. and A.A.-T.; Methodology — M.O. and G.O.; Investigation — M.O., A.A.-T., M.K., and B.K.; Resources — M.O. and B.K.; Writing — M.O. and A.A.-T.; Supervision — G.O.; Funding Acquisition — M.K.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: E6, E1, H2, H63

      Received: 20.01.2022
      Accepted: 27.05.2022
      Published online: 31.05.2022

      How to cite this paper: Obeidat, M., Al-Tarawneh, A., Omet, G., Khataybeh, M., & Khamees, B. (2022). Macroeconomic performance and the budget deficit in Jordan: A trigger point for change in the aftermath of COVID-19 [Special issue]. Journal of Governance & Regulation, 11(2), 340–345. https://doi.org/10.22495/jgrv11i2siart13

      2022-05-31T13:15:55Z
       
  • Contemporary review of corruption risk studies

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study presents a review of the studies on corruption risk in corporations. It highlights the antecedents of corruption risk, contributes additional knowledge on anti-corruption, and offers some suggestions for future research. Following Tranfield, Denyer, and Smart (2003), a literature search was done on corporate corruption risk and its related terminologies, theories, causes, and effects. In conducting the literature search, top-ranked journals of Science Direct, Springer Link, and Emerald, were used in the Scopus and Google Scholar search engines to find quality papers. The selected online published materials covered the period from 2013 to 2021. The review shows that prior studies have discussed the issue of corruption risk using different measurements and various theories. Also, this study reveals the causes and effects of corruption risk in corporations. This paper suggests a need for future research that will focus on corporate corruption risk, especially in the Malaysian context (Muhamad & Gani, 2020) due to minimal empirical research on corruption issues from a risk perspective. The aspects of corruption risk can become the foundation for effective and proactive community fraud prevention measures that can be implemented by policymakers, regulators, industry players, governments, and non-governmental agencies.

      Keywords: Literature Review, Corruption Risk, Anti-Corruption, Private Companies

      Authors' individual contribution: Conceptualization — S.H.; Methodology — H.M. and S.H.; Formal Analysis — H.M.; Writing — Original Draft — H.M. and S.H.; Writing — Review & Editing — H.M. and S.H.; Supervision — S.H. and M.M.A.; Project Administration — S.H. and M.M.A.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors acknowledge the financial support received from Bahagian Biasiswa, Kementerian Pengajian Tinggi, Malaysia and Universiti Sains Islam Malaysia (USIM). Finally, we thank the Faculty of Accountancy, Universiti Teknologi MARA, Malaysia for giving us the support needed for this research work.

      JEL Classification: M14, M41, M42, M48

      Received: 24.02.2022
      Accepted: 30.05.2022
      Published online: 31.05.2022

      How to cite this paper: Marzuki, H., Hasnan, S., & Ali, M. M. (2022). Contemporary review of corruption risk studies [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 255–267. https://doi.org/10.22495/cgobrv6i2sip10

      2022-05-31T12:45:15Z
       
  • Sustainability as a business purpose: A case of electric vehicles

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      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Sustainability is an important aspect of business purposes in organizations. It has been emphasized by a number of corporations and firms as a key component of their long-term success (Grove & Clouse, 2018). Using electric vehicles (EVs) as a context for sustainable products, our empirical study attempts to understand the factors that influence the purchase of EVs in India. The snowball sampling technique has been used to collect data from 156 respondents who own a car or were considering buying one. The research uses a rational choice theory as a framework for analysis. The key findings of the study include a new conceptual model, the responsible innovation sustainable eco-friendly (RISE) adoption model, and a set of new additional factors such as financial incentives, environmental concerns, and cost constraints, in addition to the existing behavioral factors, charging infrastructure, and external influences that are present in the literature. Given the current focus on sustainability and EVs across the world, this study is highly relevant for automobile companies to formulate their EVs strategies and also give pointers for policymaking in this area. There are several theoretical and managerial implications for various stakeholders outlined.

      Keywords: Sustainability, Electric Vehicles, Business Purpose, New Product Adoption, Automobile Industry, Rational Choice Theory

      Authors' individual contribution: Conceptualization — R.K. and R.M.; Methodology — R.K., R.M., and P.M.R.; Formal Analysis — P.M.R.; Investigation — R.K., R.M., and P.M.R.; Writing — Original Draft — R.M., Writing — Review & Editing — R.K., R.M., and P.M.R.; Supervision — R.K.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: We would like to thank Rohit Tapader, Shobhit Shankar, and Siddhartha Jha, 2020–2021 batch students, Great Lakes Institute of Management for their support.

      JEL Classification: D11, D12, M10, Q56, R40

      Received: 23.03.2022
      Accepted: 25.05.2022
      Published online: 30.05.2022

      How to cite this paper: Krishnamurthy, R., Muralidharan, R., & Maddipetlolu Rajendran, P. (2022). Sustainability as a business purpose: A case of electric vehicles. Corporate Governance and Sustainability Review, 6(2), 18–28. https://doi.org/10.22495/cgsrv6i2p2

      2022-05-30T13:35:31Z
       
  • The impact of capital structure on the enterprise value: Approaching by
           threshold regression

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The paper examined the impact of capital structure (CP) on the firm value in Vietnam. The study applies the threshold regression model of Hansen (1999, 2000). We considered if there existed a threshold of CP and how CP affected the firm value at each threshold. Research data included 440 listed enterprises on the Vietnam stock market from 2011 to 2020. The findings have found that CP was inversely related to the firm value, which was determined at three different thresholds. In addition, the size of the business had a positive relationship with firm value and the growth rate of revenue had a reverse relationship at a low level to firm value. However, when testing with short-term liabilities and debt ratios, there is no threshold. This study comprehensively examined CP's impact on the value of non-financial enterprises and for each particular industry. This study was conducted in listed companies on the Vietnam stock market — an emerging economy that demonstrated the reverse impact of CP on firm value.

      Keywords: Capital Structure, Firm Value, Threshold Regression

      Authors' individual contribution: Conceptualization — D.H.H. and H.N.D.; Methodology — H.N.D.; Validation — V.V.T.T.; Writing — Original Draft — V.V.T.T.; Writing — Review & Editing — D.H.H. and H.N.D.; Visualization — V.V.T.T.; Supervision — D.H.H.; Project Administration — D.H.H.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G00, G01, G30

      Received: 21.02.2022
      Accepted: 27.05.2022
      Published online: 30.05.2022

      How to cite this paper: Hung, D. H., Dang, H. N., & Thuy, V. V. T. (2022). The impact of capital structure on the enterprise value: Approaching by threshold regression [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 247–254. https://doi.org/10.22495/cgobrv6i2sip9

      2022-05-30T12:52:17Z
       
  • The acceptance of financial robo-advisors among investors: The emerging
           market study

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Robo-advisory services are a relatively new concept in the financial world. However, Epperson, Hedges, Singh, and Gabel (2015) report that many investors are extremely interested in employing robo-advisors to manage their finances. Nowadays, robo-advisers develop profiles of investors using very basic surveys to determine their investing preferences. The advantage of robo-advisory is that it charges far less than traditional private bankers (PB) since robo advisors do not require additional labour (Cho, 2019). Having considered the utility of such services, this research aims to examine the acceptance of financial robo-advisors. The findings indicate that average monthly income, value invested in financial instruments, and investment knowledge affect an acceptance of financial robo-advisors as regards their effects on profits, careers in finance, and the overall economic system, and vice versa. The drawback of the study is that the results demonstrate the relationship between independent and dependent variables without delving into each variable in detail. Thus, qualitative research may be necessary for addition to quantitative one to go further into the details. The paper suggests that providing information about robo-advisors for investors can enhance the understanding of robo-advisors leading to the increasing use of robo-advisors in Thailand.

      Keywords: Artificial Intelligence, Robo-Advisor, Financial Advisor, Financial Technology, Investment Plans

      Authors' individual contribution: Conceptualization — T.K., K.J., and J.A.; Methodology — T.K. and K.J.; Validation — T.K.; Formal Analysis — T.K., K.J., and J.A.; Investigation — K.J. and J.A.; Resources — T.K., K.J., and J.A.; Data Curation — K.J. and J.A.; Visualization — T.K.; Supervision — T.K.; Project Administration — T.K.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The research is financed by Rangsit University, Pathum Thani, Thailand.

      JEL Classification: G23, G41, O33

      Received: 20.01.2022
      Accepted: 25.05.2022
      Published online: 27.05.2022

      How to cite this paper: Kraiwanit, T., Jangjarat, K., & Atcharanuwat, J. (2022). The acceptance of financial robo-advisors among investors: The emerging market study [Special issue]. Journal of Governance & Regulation, 11(2), 332–339. https://doi.org/10.22495/jgrv11i2siart12

      2022-05-27T14:26:33Z
       
  • The moderating effect of audit committee chairman's multiple directorships
           on the relationship between audit committee characteristics and firm
           performance

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The aim of this study was to investigate the impact of corporate governance characteristics, particularly the characteristics of audit committees (ACs), on the performance of finance companies. Specifically, it sought to determine if the multiple directorships of the audit committee chairperson (ACC) moderate the relationship between the AC characteristics (i.e., independence, size, meeting frequency, and expertise) and the performance of finance companies. Multiple directorships have become an increasing issue in a number of countries around the world (Saleh, Shurafa, Shukeri, Nour, & Maigosh, 2020). In Malaysia, based on the mandatory listing requirements for the Bursa Malaysia, for example, directors can have up to 25 directorships, 15 of which can be in non-public corporations and the remaining 10 in public organizations. The study was conducted on 140 observations obtained from 28 financial companies listed on Bursa Malaysia over the period 2015–2019. The Pearson correlation coefficient and multiple linear regressions were employed. The study findings show that the corporate governance characteristics, specifically the AC characteristics (i.e., independence, size, meeting frequency, and expertise), have a substantial influence on finance company performance but the fact that the ACC has multiple directorships has no significant moderating impact on corporate performance's associations with AC expertise and independence. On the other hand, the study results show that the fact that the ACC has multiple directorships has a strong moderating impact on the corporate performance's associations with AC meeting frequency and size.

      Keywords: Corporate Governance, Audit Committee, Audit Committee Chairperson's Multiple Directorships, Corporate Performance, Finance Sector, Malaysia

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      Acknowledgements: The Author gratefully thanks the Deanship of Scientific Research at King Faisal University (Saudi Arabia) for supporting this research as a part of the annual funding track (Project No. AN000386).

      JEL Classification: M480

      Received: 02.01.2022
      Accepted: 23.05.2022
      Published online: 26.05.2022

      How to cite this paper: Al-Matari, Y. A. (2022). The moderating effect of audit committee chairman's multiple directorships on the relationship between audit committee characteristics and firm performance [Special issue]. Journal of Governance & Regulation, 11(2), 321–331. https://doi.org/10.22495/jgrv11i2siart11

      2022-05-26T14:40:48Z
       
  • The structure of the illegal economy and its relationship to money
           laundering

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Money laundering in the illegal economy is a big global concern; consequently, numerous international regulations have been adopted to prevent the issue (United Nations Office on Drugs and Crime [UNODC], 2009). This research describes the structure of the illegal economy in Thailand and the relationship between money laundering and the three forms of the illegal economy (drugs, gambling, and corruption). Those who participated in three activities were interviewed in-depth, and then the results were analyzed using theoretical analysis and constant comparison analysis. The results indicate that strong demand and supply within Thailand and along its borders have created a substantial black market in the country, and money laundering arises through several avenues. The structural relationship of Thailand's extralegal economy is a result of the imperfection of the official economy and the degree to which the state market mechanism is intervened with various measures. Due to the complexity of the illegal economy, a large number of agencies are involved, resulting in an information system that cannot be categorized as including atypical transactions. Therefore, it is a big difficulty and a hindrance to swiftly assembling the complete litigation. This report offers the government and legal sectors with advice for combating illegal economies.

      Keywords: Illegal Economy, Drug, Gambling, Corruption, Thailand

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      Acknowledgements: The Author acknowledges the Office of the National Anti-Corruption Commission, the Office of the Narcotics Control Board, the Ministry of Justice, the Ministry of Interior, the Department of Special Investigation, the Research Institute of Rangsit University, the Ministry of Finance, the Securities Exchange Commission, the Bank of Thailand and the Office of the National Counter Corruption Commission, including bordering provinces as well as academic and non-governmental network partners. The Author is grateful for advice from Prof. Pasuk Phongpaichit, Ph.D. (Faculty of Economics, Chulalongkorn University), Ass. Prof. Sungsidh Piriyarangsan (Chairman of the Senatorial Commission on Poverty and Disparity Eradication), Ass. Prof. Nualnoi Treerat, Ph.D. (Director of Institute of Asian Studies of Chulalongkorn University), Dr. Mano Laohavanich (Honorary Advisor to the Commission for Poverty Eradication and Inequality Reduction of the Senate of Thailand). The Author would like to thank Itsaree Phaksipaeng, Ph.D., for support in data collection and research assistance.

      JEL Classification: K4

      Received: 24.02.2022
      Accepted: 23.05.2022
      Published online: 26.05.2022

      How to cite this paper: Sonsuphap, R. (2022). The structure of the illegal economy and its relationship to money laundering. Corporate & Business Strategy Review, 3(1), 45–54. https://doi.org/10.22495/cbsrv3i1art5

      2022-05-26T14:01:48Z
       
  • Disparities in banking information transparency in Southeast Asian
           countries

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      As the banking industry has an inevitable position in the economy, more information transparency is always required (Nguyen, Nguyen, Hoang, & Tran, 2020). Being transparent not only helps the banking system to develop sustainably but also constructs a basis for investors, regulators, and depositors to build their trust in banks (Le & Truong, 2019). This comparative research marks the first attempt in measuring and contrasting information disclosure and transparency within Vietnamese, Thai, and Singapore commercial banks. In doing so, we employ the S&P's transparency and disclosure (T&D) index to investigate the disclosure and transparency of Vietnam, Thailand, and Singapore. The results indicate that there is a clear disparity between the level of Vietnamese commercial banks' information transparency compared with other countries in the region, while the transparency score is the lowest regarding non-financial information including investors' rights, board remuneration, and process. Results of this study call for improvement in information transparency in Vietnamese commercial banks. Another implication is that the size of the bank has a positive relationship with the amount of T&D, with larger banks having better total T&D ratings. This will increase the need for smaller banks to improve their T&D in order to continue to grow sustainably.

      Keywords: Information Transparency, Banking, Disclosure, S&P Disclosure Index

      Authors' individual contribution: Conceptualization — M.P.N.; Methodology — T.T.H.H.; Validation — M.P.N. and A.P.; Writing — Review & Editing — M.D.T.; Visualization — M.P.N.; Supervision — T.T.H.H.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G21, M41

      Received: 14.01.2022
      Accepted: 24.05.2022
      Published online: 26.05.2022

      How to cite this paper: Nguyen, M. P., Hoang, T. T. H., Phan, A., & Tran, M. D. (2022). Disparities in banking information transparency in Southeast Asian countries [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 236–246. https://doi.org/10.22495/cgobrv6i2sip8

      2022-05-26T13:18:12Z
       
  • Performance pay sensitivity: Do top management incentives align with
           shareholder value creation'

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      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Arising from the principal-agent consideration, Jensen and Murphy (1990b) studied the pay-performance sensitivity (including pay, options, stockholdings, and dismissal) for chief executive officers (CEOs) in the 1980s. They found that CEO wealth changes $3.25 for every $1,000 change in shareholder wealth. In this study, we revisit the issue of the linkage between CEO pay and performance but with the difference that we only include observable measures in the pay-performance sensitivity estimate. Our data on executive compensation stems from the ExecuComp database on S&P 1500 firms, and the performance data from the Center for Research in Security Prices (CRSP) database (total: 23,737 firm-year observations). We find that CEO wealth changes $5.34 for every $1,000 change in shareholder wealth. Almost all of this sensitivity is attributed to compensation through stock options and the CEO's inside stockholdings. Today, the incentives generated by stock options have increased thirteen times, and the total pay-performance sensitivity has almost doubled in value, compared to when Jensen and Murphy (1990b) estimated the pay-performance sensitivity in the 1980s for the first time. Despite the increased pay performance sensitivity, we hypothesize that internal and external political forces negatively affect the CEO's performance incentives. Compensation constraints reduce the pay performance sensitivity and hereby the incentives for the CEO to maximize shareholder wealth. Further research on how CEO wealth varies with absolute and relative corporate performance is required to determine if the CEO's incentives are consistent with shareholder wealth maximization.

      Keywords: Compensation, Incentives, Pay-Performance Sensitivity, Shareholder Value, Top Executive, Stock Options

      Authors' individual contribution: Conceptualization — T.A. and R.L.; Methodology — T.A. and R.L.; Software — T.A.; Validation — R.L.; Formal Analysis — T.A.; Investigation — T.A.; Resources — R.L.; Data Curation — T.A.; Writing — Original Draft — T.A.; Writing — Review & Editing — R.L.; Visualization — T.A. and R.L.; Supervision — R.L.; Project Administration — R.L.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: We appreciate the comments of John Christensen on a previous version of this paper. We also acknowledge the research support by Yassin D. Bouzzine

      JEL Classification: G32, M12, M41, M51, M52

      Received: 10.03.2022
      Accepted: 23.05.2022
      Published online: 25.05.2022

      How to cite this paper: Aaen, T., & Lueg, R. (2022). Performance pay sensitivity: Do top management incentives align with shareholder value creation? Corporate Ownership & Control, 19(3), 168–181. https://doi.org/10.22495/cocv19i3art13

      2022-05-25T12:03:18Z
       
  • Law in the tax legal system, income inequality and economic growth: An
           empirical estimation

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The law on the tax system is of great interest when we discuss income inequality and economic growth. The understanding and interpretation of the purpose of taxes are closely related to the rule of the role of the state as the expansion of the role of the state increases the need for monetary means by which the state meets public needs and which in itself constitute public revenues (Bardho, 2022). This study aims to highlight the impact of income inequality and economic growth in the case of North Macedonia. The distribution of income and the average level of income in a developing country is the key factor for social wellbeing. Countries, where income inequality is decreasing, grow faster than those with rising inequality (OECD, 2014). The data used are time series data and cover the period 1997–2019. This study uses data from World Development Indicators (WDI) and sheds light on the factors, which impact income inequality using multiple regression analyses. This study employs the OLS regression analysis in order to estimate the variables that affect income inequality and economic growth. It is concluded that the positive Gini coefficient approves the Kuznets hypothesis and the pro-inequality theory which means that in the first phase of countries' development, income inequality is expected to be positively linked to economic growth. The study suggests that economic growth, if the benefits of growth are evenly distributed, has a positive effect on reducing income inequality.

      Keywords: Tax Law, Income Inequality, Gini Coefficient, Income Distribution, Social Welfare, Growth

      Authors' individual contribution: Conceptualization — G.S., X.I., and B.Z.; Methodology — G.S., X.I., and B.Z.; Data Curation — G.S., X.I., and B.Z.; Writing — Original Draft — G.S., X.I., and B.Z.; Writing — Review & Editing — G.S., X.I., and B.Z.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: A1, B22, C01

      Received: 23.02.2022
      Accepted: 23.05.2022
      Published online: 24.05.2022

      How to cite this paper: Selimi, G., Ibraimi, X., & Ziberi, B. (2022). Law in the tax legal system, income inequality and economic growth: An empirical estimation [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 230–235. https://doi.org/10.22495/cgobrv6i2sip7

      2022-05-24T13:34:23Z
       
  • The effect of the nature of the financing activity on interest rates and
           Murabaha rates in the emerging economy

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      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study aimed to get acquainted with the impact of the nature of financing activity on the interest rates and Murabaha rates prevailing in commercial banks and microfinance institutions (MFIs) in Jordan, as the main object of microfinance activity is to reduce poverty and unemployment (Lal, 2018). The study used the descriptive and analytical approach to evaluate the extent of variation in interest rates among different financing sectors. The study used a t-test for independent samples to test the extent of statistically significant differences between the interest rates and Murabaha rates between the three types of activity; the one-way analysis of variance (ANOVA) test was also used to test the variance in interest rates between the MFIs. The study found statistically significant differences between fixed interest rates, declining interest rates imposed by MFIs, and interest rates in commercial banks, and between Murabaha rates used in MFIs and Murabaha rates in Islamic banks. Fixed interest rates, declining interest rates, and Murabaha rates were higher in MFIs than the commercial banks and Islamic banks which oppose the main object of a microfinance institution that is helping poor families and small institutions gain access to financial services, The study found statistically significant differences between the interest rates of the MFIs themselves. The study recommended tightening control over the microfinance sector or capping its interest rates (Heng, Chea, & Heng, 2021) to match the interest rates and Murabaha rates in it along with the cost of obtaining funds and operational costs in these institutions.

      Keywords: Microfinance, Banks, Interest, Murabaha, Jordan

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      Acknowledgements: The Author would like to thank the Middle East University, Amman, Jordan for their substantial morally and financially efforts and Tanmeyah, the Jordan microfinance network, and the Islamic banks operating in Jordan for their support through providing the necessary data about microfinance institutions and Islamic banks products and Murabaha rates.

      JEL Classification: D21, G21, L25

      Received: 31.12.2021
      Accepted: 20.05.2022
      Published online: 24.05.2022

      How to cite this paper: Al Jundi, N. A. (2022). The effect of the nature of the financing activity on interest rates and Murabaha rates in the emerging economy [Special issue]. Journal of Governance & Regulation, 11(2), 309–320. https://doi.org/10.22495/jgrv11i2siart10

      2022-05-24T13:20:52Z
       
  • An empirical study on the effect of education on labor productivity

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study investigates the effect of education on labor productivity using data from the Jordanian economy. Jordan has the world's second-highest share of refugees in comparison to its population. This fact outlines the main challenges facing efforts to provide quality education to Jordanian citizens and refugees. This study shed light on the obstacles and challenges facing education in Jordan to serve as a wake-up call for decision-makers. The study employs the autoregressive distributed lag (ARDL) model bounds testing procedure developed by Pesaran, Shin, and Smith (2001), using data ranging from 1984 to 2018. The results showed that in the long run, education has a positive and statistically significant effect on labor productivity. Inversely, in the short run, education has a negative and statistically significant effect on labor productivity. The estimation results indicate that a 1% increase in education in the long run increases labor productivity by 1.15%, and a 1% increase in education in the short run decreases labor productivity by 1.25%. In addition, the study found that both labor share of capital and foreign direct investment (FDI), have a positive and significant effect on labor productivity. The study concluded with several recommendations.

      Keywords: Education, Average Labor Productivity, Foreign Direct Investment, Education Index, Jordan

      Authors' individual contribution: Conceptualization — S.M., M.A., and U.A.; Methodology — S.M. and M.A.; Writing — Original Draft — S.M. and M.A.; Writing — Review & Editing — S.M. and U.A.; Supervision — S.M.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors wish to acknowledge the help offered by Yarmouk University to provide the needed technical support.

      JEL Classification: E24, F21, I25, I28, J01, J08, J24

      Received: 23.12.2021
      Accepted: 19.05.2022
      Published online: 23.05.2022

      How to cite this paper: Magableh, S., Alalawneh, M., & Alqalawi, U. (2022). An empirical study on the effect of education on labor productivity [Special issue]. Journal of Governance & Regulation, 11(2), 301–308. https://doi.org/10.22495/jgrv11i2siart9

      2022-05-23T13:55:15Z
       
  • The nexus between financial transparency and the financial obstacle level
           of the enterprises in the Western Balkan region

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Access to finance plays a crucial role in the growth of small and medium enterprises (SMEs), thus affecting the development of the emerging countries. SMEs, which record their transactions under international accounting standards and use external auditors, finance their growth and working capital through formal external sources (Nizaeva & Coskun, 2018). In addition, the decision-making process of crediting depends particularly on the SMEs' financial reporting, thus it requires complete transparency of their financial reports. Taking into consideration the important role that financial transparency plays in the access to finance as well as its impact on the SMEs' growth, the main aim of this paper is to analyze the impact of the financial transparency on the financing obstacles of the SMEs operating in the Western Balkan countries, through the usage of the survey data collected from the 6th Business Environment and Enterprise Survey (BEEPS VI), enabled by European Bank for Research and Development (EBRD) and the World Bank, related to the survey time period 2018–2020. In this regard, probit and ordinary least squares (OLS) techniques have been employed, where the results reveal that financial transparency has a significant negative effect on the financing obstacles of the enterprises of the Western Balkan region. Besides financial transparency, firm-specific factors such as age and size have been included in the model and the findings show that crucial determinants of the financing obstacles these companies have in this region.

      Keywords: Access to Finance, Financial Transparency, Enterprises, Western Balkan, Probit

      Authors' individual contribution: Conceptualization — N.I., L.A.S., and D.R.; Methodology — L.A.S.; Software — L.A.S.; Validation — L.A.S.; Formal Analysis — L.A.S.; Investigation — L.A.S. and D.R.; Resources — N.I., L.A.S., and D.R.; Data Curation — N.I., L.A.S., and D.R.; Writing — Original Draft — N.I., L.A.S., and D.R.; Writing — Review & Editing — N.I., L.A.S., and D.R.; Visualization — N.I., L.A.S., and D.R.; Supervision — N.I., L.A.S., and D.R.; Project Administration — L.A.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: C3, L25, L26

      Received: 24.02.2022
      Accepted: 20.05.2022
      Published online: 23.05.2022

      How to cite this paper: Iballi, N., Sulejmani, L. A., & Rexha, D. (2022). The nexus between financial transparency and the financial obstacle level of the enterprises in the Western Balkan region. Corporate & Business Strategy Review, 3(1), 39–44. https://doi.org/10.22495/cbsrv3i1art4

      2022-05-23T13:54:44Z
       
  • Illegal lotteries and a large outlaw economy in a developing country

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      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This study aims to understand the illegal lottery businesses from economic, political, and social perspectives in Chiang Rai, Nakhon Ratchasima, Rayong, and Phuket provinces of Thailand, which have contributed to the outlaw economy. The study used qualitative methodologies to determine why illegal lotteries continue to exist and if members of the lower class, such as farmers, workers, and vendors in marketplaces with low incomes and education, were the primary contributors to their unlawful existence. The results showed that the cash flow of the illegal lottery was 0.91% of 2019 Thailand's GDP and 0.93% of 2021 Thailand's GDP (Center for Gambling Studies, 2019; Office of the National Economic and Social Development Council [NESDC], 2022), 5.10% of the government fiscal year in 2019, and 4.56% of the government fiscal year in 2021. The Budget Bureau has been the main source of revenue for community leaders such as politicians, government officials, and national or local authorities. In Thailand, large hidden organizations have administered and regulated illegal lotteries. Because of this, policy changes or flexibility are very important for the domestic market mechanism and the gambling industry in terms of the global setting.

      Keywords: Illegal Lottery, Outlaw Economy, GDP, Thailand

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      JEL Classification: E01, E12, E21, E27, E71

      Received: 11.02.2022
      Accepted: 20.05.2022
      Published online: 23.05.2022

      How to cite this paper: Sonsuphap, R. (2022). Illegal lotteries and a large outlaw economy in a developing country [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 223–229. https://doi.org/10.22495/cgobrv6i2sip6

      2022-05-23T12:12:38Z
       
  • Foreign direct investment, economic growth, and unemployment: Evidence
           from developing countries

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      High unemployment is one of the major difficulties confronting most modern countries, putting social, economic, and political strain on policymakers. Foreign direct investment (FDI) is critical to a country's economic development, particularly in transitional economies. FDI is a major source of capital inflows to developing countries. FDI affects the level of employment in the host country, in addition to its many other effects. The research is based on the studies of Johnny, Timipere, and Krokeme (2018) and Zeb, Qiang, and Sharif (2014) that have examined these variables in this paper. This study investigates the relationship between FDI, economic growth, and unemployment to quantify and assess the relationship in selected developing countries or Western Balkans countries according to these variables. Data for the developing countries of Western Balkan were collected in the observed period 2015–2019. Differences between countries were explored in terms of FDI, gross domestic product (GDP), and unemployment using the data produced from the one-way analysis of variance (ANOVA) test. According to regression analysis, FDI and GDP have a considerable impact on country unemployment. The results showed that FDI and GDP have an effect in decrease unemployment in the developing countries examined.

      Keywords: Foreign Direct Investment, Gross Domestic Product, Unemployment, Developing Countries

      Authors' individual contribution: Conceptualization — H.K. and A.N.; Methodology — H.K., A.N., and V.U.; Validation — H.K. and A.N.; Formal Analysis — A.N. and V.U.; Investigation — H.K. and A.N.; Resources — A.N. and V.U.; Data Curation — A.N. and V.U.; Writing — Original Draft — H.K., A.N., and V.U.; Visualization — H.K., A.N., and V.U.; Supervision — H.K. and A.N.; Project Administration — A.N.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: E22, E24

      Received: 06.12.2021
      Accepted: 18.05.2022
      Published online: 20.05.2022

      How to cite this paper: Kukaj, H., Nimani, A., & Usaj, V. (2022). Foreign direct investment, economic growth, and unemployment: Evidence from developing countries [Special issue]. Journal of Governance & Regulation, 11(2), 293–300. https://doi.org/10.22495/jgrv11i2siart8

      2022-05-20T14:18:37Z
       
  • Company zakat assessment methods in selected jurisdictions

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The paper aims to analyze the consistency and suitable method of company zakat calculation by evaluating the financial reports of companies in the countries: Saudi Arabia, Kuwait, and Malaysia. A previous study shows that the misconception on company zakat implicates a recognition and measurement (Adnan & Bakar, 2009). Then, this study describes that the consistency analysis is reviewed by comparing the preferred method in each country and the method that is currently applied by the company, while the suitable method is assessed by exploring all the possible zakat calculation methods that can be employed by the companies. This study discloses company zakat in the financial statements and its available common calculation methods. Descriptive data from financial companies disclosing company zakat in Saudi Arabia, Kuwait, and Malaysia are used. Accordingly, the proposed method would be used in the simulation calculation. Zakat can be based on final, calculated from its net income and non-final basis, calculated from working capital. The result shows that some countries have different yet similar calculation methods. The zakat companies should have a standardized method for calculation that can be reviewed by an external party. The study is relevant for the countries adopting company zakat in practice.

      Keywords: Company Zakat, Method, Income, Working Capital

      Authors' individual contribution: Conceptualization — D.S., A.G.I., A.M., M.S.N., S.N., and S.M.B.S.J.A.; Methodology — D.S. and A.M.; Investigation — D.S. and A.M.; Writing — Original Draft — D.S., M.S.N., S.N., and A.M.; Writing — Review & Editing — D.S., A.G.I., A.M., M.S.N., and S.M.; Supervision — D.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The researchers would like to thank the Ministry of Research, Technology, and Higher Education of the Republic of Indonesia which funded this research.

      JEL Classification: L31, L38, H29, K29

      Received: 18.11.2021
      Accepted: 17.05.2022
      Published online: 19.05.2022

      How to cite this paper: Siswantoro, D., Nurzaman, M. S., Nurhayati, S., Munandar, A., Ismail, A. G., & Alhabshi, S. M. B. S. J. (2022). Company zakat assessment methods in selected jurisdictions [Special issue]. Journal of Governance & Regulation, 11(2), 286–292. https://doi.org/10.22495/jgrv11i2siart7

      2022-05-19T13:30:59Z
       
  • Do the reserves help the financial and non-financial performance of firms
           during the COVID-19 pandemic'

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The COVID-19 pandemic is one of the biggest challenges facing global economies in the twenty-first century. Although a few sectors have benefited from it, the majority of companies in all sectors have been affected. This research came to test the moderating effect of the reserves of the firms on the relationship between the COVID-19 pandemic and the performance of firms (financial and non-financial performance). The study adopted a questionnaire survey to collect the data. The questionnaires were sent online to the top management of the firms listed on the Amman Stock Exchange (ASE). The results showed that the pandemic of COVID-19 damages the financial and non-financial performance of the firms in all sectors listed on the Amman Stock Exchange in Jordan. But the reserves of the firms have a positive effect on reducing the negative effect of the COVID-19 pandemic on the firms' performance (financial and non-financial). Thus, this research recommends that the government must involve the firms listed on the Amman Stock Exchange in its palliatives programmes or stimulus packages to maintain the companies in the private sector in operation after the pandemic. In addition, the firms must take their reserves seriously and increase them.

      Keywords: COVID-19, Jordanian Companies, Financial Performance, Non-Financial Performance, Pandemics, Coronavirus

      Authors' individual contribution: Conceptualization — Y.S.; Methodology — Y.S.; Formal Analysis — Y.S. and N.A.-R.; Resources — Y.S.; Data Curation — Y.S. and M.H.; Writing — Original Draft — Y.S. and I.A.S.; Writing — Review & Editing — Y.S.; Supervision — Y.S. and N.A.-R.; Funding Acquisition — Y.S. and A.S.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: This research was funded by the Deanship of Research at Zarqa University, Jordan.

      JEL Classification: G01, G20, G14

      Received: 04.02.2022
      Accepted: 17.05.2022
      Published online: 19.05.2022

      How to cite this paper: Shahwan, Y., Sa'adeh, A., Hamza, M., Al-Ramahi, N., & Swiety, I. A. (2022). Do the reserves help the financial and non-financial performance of firms during the COVID-19 pandemic? [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 217–222. https://doi.org/10.22495/cgobrv6i2sip5

      2022-05-19T12:06:01Z
       
  • The existence and role of independent board members and their impact on
           the board's effectiveness and firm's value: The case of the emerging
           market

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The implementation of good corporate governance (GCG) within a firm dictates its organizational behavior driven down by the board functionality effectiveness, among which the existence and role of an independent board member are taken into account. This study examines the effect of the existence and role of independent board members in Indonesia listed firm on the board's functionality effectiveness, and subsequently, its impact on the value of the firm. Since Indonesia adopts a two-board system instead of a one-board system, the independent board member is known as an independent commissioner (IC) who sits on the company board of commissioners (BOC) which is equivalent to the company board of directors (BOD) in the one-board system. It is found through regression analysis that when an IC holds a powerful leadership position, it enhances the BOC's functionality effectiveness. Likewise, if the IC has the position as the chair of BOC's sub-committee in the company. The regression analysis was conducted in two periods, before the establishment of the Financial Services Authority (FSA) and after.

      Keywords: Board of Commissioners, Independent Commissioners, Listed Firms, Market-to-Book Ratio, Value Creation

      Authors' individual contribution: Conceptualization — A.A.; Methodology — A.A. and K.B.S.; Investigation — K.B.S.; Resources — K.B.S.; Data Curation — K.B.S.; Writing — Original Draft — A.A. and K.B.S.; Writing — Review & Editing — A.A. and K.B.S.; Visualization — K.B.S.; Supervision — A.A.; Project Administration — A.A.; Funding Acquisition — A.A.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G34, G38

      Received: 16.12.2021
      Accepted: 16.05.2022
      Published online: 18.05.2022

      How to cite this paper: Alijoyo, A., & Sirait, K. B. (2022). The existence and role of independent board members and their impact on the board's effectiveness and firm's value: The case of the emerging market [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 206–216.
      https://doi.org/10.22495/cgobrv6i2sip4

      2022-05-18T12:45:14Z
       
  • Quarantine regulations during the coronavirus pandemic: A study in light
           of national and international legislation

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Since the outbreak of COVID-19, countries have instituted multiple regulations and implemented various measures to preserve public health. One of the most important measures is quarantine, which restricts the right to freedom of movement enshrined in international and national laws (UN General Assembly, 1948). The study aims to clarify the freedom of movement concept and to consider the legality of quarantine as a restriction on this right (Talbi, 2021). It also aims to tackle the national regulations and procedures implemented in response to the COVID-19 pandemic in Jordan, the United Arab Emirates (UAE), and Kuwait. The research problem is the lack of clarity regarding the national legal framework and procedures related to quarantine, and the lack of deterrent penalties related to their violation, as well as the difference and disparity among the countries under study in response to the rules of international law and the application of procedures and penalties in the face of COVID-19. The authors relied on an analytical and comparative approach of the legislative provisions in addition to a statistical database published by a trusted website. The study concluded that the legal provisions related to confronting COVID-19 are still unclear and that the penalties do not serve as deterrents.

      Keywords: Regulations, Pandemic, Sanitary Isolation, Freedom of Movement, Quarantine Violation

      Authors' individual contribution: Conceptualization — J.B., I.S.A., M.S.A.-M., and M.E.K.; Methodology — I.S.A. and M.S.A.-M.; Writing — Original Draft — J.B., I.S.A., and M.S.A.-M.; Writing — Review & Editing — J.B.; Supervision — M.E.K.; Project Administration — J.B., I.S.A., M.S.A.-M., and M.E.K.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors are very thankful to all the associated personnel in any reference that contributed in/for the purpose of this research.

      JEL Classification: K140, K190, K330, K420

      Received: 08.12.2021
      Accepted: 16.05.2022
      Published online: 17.05.2022

      How to cite this paper: Barafi, J., Alqatawneh, I. S., Al-Mulla, M. S., & Kandeel, M. E. (2022). Quarantine regulations during the coronavirus pandemic: A study in light of national and international legislation [Special issue]. Journal of Governance & Regulation, 11(2), 277–285. https://doi.org/10.22495/jgrv11i2siart6

      2022-05-17T14:21:34Z
       
  • The quality of corporate reporting: The United Nations sustainable
           development goals

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The current study examines the attributes of the sustainability reports produced by public listed companies in the United Arab Emirates (UAE). This is achieved through the adoption of the legitimacy theory (LT) perspective to determine how the reports represent strategic development goals. Global Reporting Initiative (GRI Standards) disclosure standards have been used as a benchmark to assess the quality of UAE companies' sustainable report in respect of Sustainable Development Goal 11 (SDG 11). We adopt Tsalis, Malamateniou, Koulouriotis, and Nikolaou (2020) methodology in scoring the disclosure quality of SGD 11. 130 sustainable reports were analyzed, it was found that there is a poor overall quality of corporate sustainability reports, not least in respect of SDG 11. There were no major changes to SDG 11, with managers tending to function symbolically in terms of their roles in the level and quality of SDG 11-related disclosures. Thus, the UAE corporate reporting is not significantly influenced by the UAE vision 2030 Agenda (United Nations [UN], 2015).

      Keywords: Sustainability Reports, Sustainable Development Goals, Legitimacy Theory, Quality of Corporate Reporting, United Arab of Emirates

      Authors' individual contribution: Conceptualisation — M.E. and A.Y.; Methodology — M.A.S. and R.K.; Formal Analysis — M.A.S., A.K.A., and S.M.A.A.; Resources — M.A.S., A.K.A., and S.M.A.A.; Writing — Original Draft — M.E., A.Y., A.K.A., M.A.S., R.K., and S.M.A.A.; Writing — Review & Editing — M.E.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The Authors are grateful for financial support from the United Arab of Emirates University (UAEU), Grant Code: G00003792.

      JEL Classification: D70, D91, G11, G32, M41

      Received: 06.03.2022
      Accepted: 13.05.2022
      Published online: 17.05.2022

      How to cite this paper: Elmassri, M., Yusuf, A., Allah, A. K., Al Shamsi, M., Kaniyamparambil, R., & Al Ahbabi, S M. (2022). The quality of corporate reporting: The United Nations sustainable development goals. Corporate Ownership & Control, 19(3), 158–167. https://doi.org/10.22495/cocv19i3art12

      2022-05-17T13:49:52Z
       
  • A strategic corporate governance framework for state-owned enterprises in
           the developing economy

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Corporate scandals that have rocked the world in the past two decades have heightened the importance of corporate governance (Zalewska, 2014). Despite the interest in the adoption of corporate governance state-owned enterprises (SOEs), the performance of these organisations remains poor (Vagliasindi, 2008), which has been attributed to ineffective corporate governance (World Bank, 2007). The objective of this study was to develop a strategic corporate governance enterprise in the developing economy. The study followed a critical realism approach. As a result, a multi-methodology and mixed design were employed. The sample included all SOEs registered in Malawi, which had operated from 2000–2016 but excluded regulatory, financial, and academic institutions. Data collection followed the critical realism case study method. Findings reveal that large power distance, cronyism, and materialistic cultures are entrenched in society and negatively impact corporate governance. Results further show that increased shareholders' power and multiple principals have a negative effect on performance. The study recommended changes to legal form, board operations, and disclosure to improve corporate governance effectiveness. The study has contributed to a body of knowledge in terms of developing a strategic governance framework for SOEs in Malawi. The study has also established that cultural values influence the effectiveness of corporate governance.

      Keywords: Strategic Corporate Governance, Framework of SOEs, State-Owned Enterprises, Company Performance, Socio-Cultural Values, Malawi

      Authors' individual contribution: Conceptualization — E.K.; Methodology — E.K.; Investigation — E.K.; Resources — T.P.; Writing — Original Draft — E.K. and T.P.; Writing — Review & Editing — E.K. and T.P.; Supervision — T.P.; Project Administration — T.P.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G34, M140, Z1

      Received: 08.10.2021
      Accepted: 13.05.2022
      Published online: 16.05.2022

      How to cite this paper: Kaunda, E., & Pelser, T. (2022). A strategic corporate governance framework for state-owned enterprises in the developing economy [Special issue]. Journal of Governance & Regulation, 11(2), 257–276. https://doi.org/10.22495/jgrv11i2siart5

      2022-05-16T14:11:35Z
       
  • The direct and indirect impacts of transformational leadership on employee
           change-oriented organizational citizenship behavior

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The purpose of this study is to investigate the relationship between transformational leadership (TL) and change-oriented organizational citizenship behavior (OCB) based on basic assumptions of the job demand-resource (JD-R) model, social exchange theory (SET), and behavioral plasticity theory (BPT). In addition, this study explores the role of the organizational level of resources and individual level of resources on employee wellbeing and attitudes. Based on 698 responses from Jordanian insurance employees, the mediating role of employee wellbeing and the moderating role of core self-evaluation (CSE) were investigated between TL and change-oriented OCB. Data were analyzed based on multiple regression, hierarchical regression, and macro process plugin. The results indicate that transformational leadership is positively related to change-oriented OCB, and this relationship is mediated by employee wellbeing. Moreover, moderated path analysis shows that the positive CSE strengthens the direct effect of TL on employee wellbeing and work attitude, as well as the indirect impact of TL on employee work attitude. The results also suggest that organizational level of support is a critical factor for enhancing employee wellbeing and change-oriented OCB, and this support is more powerful with a high level of personal resources (i.e., positive CSE). The research model provided in this study is the first framework that suggests the mediating effect of employee wellbeing on the direct relationship between TL and change-oriented OCB, as well as the moderating effect of CSE on this indirect relationship.

      Keywords: Transformational Leadership, Change-Oriented Organizational Citizenship Behavior, Core Self-Evaluation, Employee Wellbeing, Insurance Sector

      Authors' individual contribution: Conceptualization — M.A.T.; Methodology — O.M.B.; Writing — Original Draft — M.A.T., O.M.B., and M.F.A.-A.; Writing — Review & Editing — O.M.B., G.A.S., and M.F.A.-A.; Supervision — O.M.B.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: J28, D23, L33

      Received: 14.02.2022
      Accepted: 12.05.2022
      Published online: 16.05.2022

      How to cite this paper: Ta'Amnha, M. A., Bwaliez, O. M., Samawi, G. A., & Al-Anaswah, M. F. (2022). The direct and indirect impacts of transformational leadership on employee change-oriented organizational citizenship behavior. Corporate Ownership & Control, 19(3), 147–157. https://doi.org/10.22495/cocv19i3art11

      2022-05-16T13:38:02Z
       
  • Nexus between total quality management and competitive advantage in
           Jordanian banking sector: The mediating effect of quality performance

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Competitive advantage expresses the extent to which the organization has higher capabilities than its competitors in exploiting the available opportunities and limiting the potential effects. Its importance also enables the organization to make better use of its material, human and technological resources than its competitors by providing the best services and the best products to its customers. This lofty goal prompted Jordanian banks to adopt total quality management (TQM) and quality performance as crucial factors to achieve a superior competitive advantage for an organization. Thus, the purpose of this study is to examine the mediating effect of quality performance on the relationship between total quality management and competitive advantage. This study employed a questionnaire survey with a sample of 336 managers of the Jordanian banking sector. The study model is validated and tested using the partial least squares structural equation modeling. The result of this study showed that total quality management has a positive significant effect on competitive advantage and quality performance mediated the relationship between TQM and competitive advantage in the Jordanian banking sector.

      Keywords: TQM, Competitive Advantage, Quality Performance, Jordanian Banking Sector

      Authors' individual contribution: Conceptualization — M.A.I.A.K. and H.S.S.; Methodology — M.A.I.A.K. and H.S.S.; Formal Analysis — M.A.I.A.K. and H.S.S.; Writing — Original Draft — M.A.I.A.K. and H.S.S.; Writing — Review & Editing — H.S.S., N.H.N.M., and S.N.A.Z.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M1, M2, M3

      Received: 14.02.2022
      Accepted: 13.05.2022
      Published online: 16.05.2022

      How to cite this paper: Al Khasabah, M. A. I., Salleh, H. S., Mat, N. H. N., & Zulkiffli, S. N. A. (2022). Nexus between total quality management and competitive advantage in Jordanian banking sector: The mediating effect of quality performance [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 193–205. https://doi.org/10.22495/cgobrv6i2sip3

      2022-05-16T11:52:02Z
       
  • Perceived workplace fairness, ethical leadership, demographics, and
           ethical behaviors

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This investigation examines the impacts of perceived workplace fairness, ethical leadership, and workers' demographics on ethical behaviors within Nigeria's public service. A sample was taken from ten local government areas of Oyo State, Nigeria. However, this investigation has utilized a survey study approach, where the researcher randomly dispersed questionnaires. Out of 500 questionnaires distributed, 452 were suitable for research and analyzed with the Statistical Packages for Social Sciences (SPSS 27). This paper suggests that female civil servants exhibit more ethical behaviors than their male counterparts (Lu & Lu, 2010). Also, older civil servants with higher educational qualifications, who are also at the highest job level, exhibited more ethical behaviors. This paper further established that perceived workplace fairness and ethical leadership significantly and positively impact ethical behavior within Nigeria's public service sector (De Schrijver Delbeke, Maesschalck, & Pleysier, 2010; Meyer, Sison, & Ferrero, 2019). Therefore, state governments should ensure good and sufficient communication amongst workers and managers in identifying and tackling the unfairness between employees' dedications/contributions and their rewards. They should also always establish an employee-fairness policy that suggests treating employees equitably, inspiring increasing ethical behaviors. In addition, state governments and other public organizations should groom leaders that inspire and exemplify ethical behaviors.

      Keywords: Equity, Learning, Reciprocity, Ethics, Civil Servants, Oyo State, Nigeria

      Authors' individual contribution: Conceptualization — F.P.A.; Methodology — F.P.A.; Software — F.P.A., Validation — F.P.A. and W.I.U.; Formal Analysis — F.P.A.; Investigation — F.P.A.; Resources — F.P.A.; Data Curation — F.P.A.; Writing — Original Draft — F.P.A.; Writing — Review & Editing — F.P.A. and W.I.U.; Visualization — F.P.A.; Supervision — W.I.U.; Project Administration — F.P.A. and W.I.U.; Funding Acquisition — W.I.U.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      Acknowledgements: The present Authors recognize the Department of Industrial Psychology and People Management, College of Business and Economics, University of Johannesburg in financing this investigation and its publication.

      JEL Classification: J24, J53, M54

      Received: 30.09.2021
      Accepted: 11.05.2022
      Published online: 13.05.2022

      How to cite this paper: Adekanmbi, F. P., & Ukpere, W. I. (2022). Perceived workplace fairness, ethical leadership, demographics, and ethical behaviors [Special issue]. Journal of Governance & Regulation, 11(2), 244–256. https://doi.org/10.22495/jgrv11i2siart4

      2022-05-13T09:57:01Z
       
  • From the diffusion to the appropriation of cost accounting in a French
           university: Between institutional pressures and actors' game

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      This article presents the results of research conducted on the diffusion and appropriation of cost accounting at a French university (Hatchuel & Weil, 1992). Following the reforms put in place after the adoption of the LRU (Liberties and Responsibilities of Universities — Law on Universities) in 2007, this university adopted the SIFAC (Système d'Information Financier Analytique et Comptable — Analytical and Accounting Financial Information System) management tool, whose objective was to deeply modify the accounting and budgetary practices and allow the implementation of a cost accounting system (DiMaggio & Powel, 1983). But concretely, nine years after the implementation of the SIFAC tool, we noticed that, if technically, the accounting and budgetary practices have improved, the adoption of this tool did not lead to the implementation of a real cost accounting system. The findings showed that this situation could be explained by three factors: factors related to the tool itself, factors related to the specificity of the host organization, and factors related to the priorities of the actors within this university.

      Keywords: Cost Accounting, Universities, Diffusion, Appropriation, Actors' Game

      Authors' individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

      Declaration of conflicting interests: The Author declares that there is no conflict of interest.

      JEL Classification: M41, M48, L30

      Received: 02.01.2022
      Accepted: 09.05.2022
      Published online: 12.05.2022

      How to cite this paper: El Kaddouri, H. (2022). From the diffusion to the appropriation of cost accounting in a French university: Between institutional pressures and actors' game [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 182–192. https://doi.org/10.22495/cgobrv6i2sip2

      2022-05-12T12:20:02Z
       
  • Enhancing enterprise competitiveness and sustainability using eWOM: The
           case of Egypt

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      The digital marketing transformation of the Internet has significantly experienced a paradigm shift, i.e., a transformation from a passive source of information to an interactive and engaging participatory web. This study demonstrates the ability of electronic word-of-mouth (eWOM) as a participatory web tool that enables enterprises to achieve profitable growth, resilience, business sustainability, and competitiveness, through developing operational strategy. This study adopts a conclusive descriptive cross-sectional survey research design, which allows the collection of quantitative data through structured questionnaires. The data were obtained from Egyptian social media users through a convenience sampling method. To test the hypotheses regression analysis was conducted. Results indicate that eWOM positively influences the brand image and purchase intention, which consequently enables the enterprises to achieve business sustainability. Accordingly, enterprises wanting to achieve strategic competitiveness must integrate social media into their marketing mix which would generate positive eWOM. Using convenience sampling might result in the inability to generalize the findings. This study is designed to study the effect of eWOM using social media platforms in general, however, future studies should replicate this study to specified types of different social media platforms, to identify which platform generates the highest impact. The proposed conceptual model tests a relationship that connects eWOM dimensions, namely, credibility, quality, and quantity, to purchase intention and brand image. There is lack of research in the Egyptian context on the implications of eWOM on enterprise competitiveness and sustainability.

      Keywords: Enterprise, Business Sustainability, Competitiveness, eWOM, Purchase Intention, Brand Image

      Authors' individual contribution: Conceptualization — M.M.F. and N.E.R.; Methodology — M.M.F. and N.E.R.; Software — N.E.R.; Validation — M.M.F.; Investigation — N.E.R.; Resources — M.M.F. and N.E.R.; Data Curation — N.E.R.; Writing — M.M.F. and N.E.R.; Visualization — M.M.F.; Supervision — M.M.F.; Project Administration — M.M.F.; Funding Acquisition — M.M.F.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M0, Q56

      Received: 22.02.2022
      Accepted: 09.05.2022
      Published online: 12.05.2022

      How to cite this paper: Fahmy, M. M., & Ragab, N. E. (2022). Enhancing enterprise competitiveness and sustainability using eWOM: The case of Egypt. Corporate & Business Strategy Review, 3(1), 29–38. https://doi.org/10.22495/cbsrv3i1art3

      2022-05-12T11:29:18Z
       
  • Corporate governance and firm integrated performance: A conceptual
           framework

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Though the corporate governance has been studied from the viewpoint of first, accounting and financial performance (Khatib & Nour, 2021; Goel, 2018; Mohamed, Basuony, & Badawi, 2013), next, marketing performance (El Fawal & Mawlawi, 2018), and finally, logistic and supply chain performance (Hernawati & Surya, 2019) in isolation, moreover, literature on the first is comparatively higher than on the other two, it is further argued that it has not been studied from the viewpoint of firm integrated performance. The purpose of this study, therefore, is to conceptualize the relationship between corporate governance and firm integrated performance. The study adopted a rigorous literature review in forming critical arguments for the theme studied. Accordingly, the study embraced rigorous a priori knowledge in building the arguments for hypotheses development. The study proposes a conceptual framework for the relationship between corporate governance and firm integrated performance which has the potential of facilitating efficient decision-making on corporate governance and firm integrated performance. The study concludes with a foundation for the theoretical basis of the relationship between corporate governance and firm integrated performance.

      Keywords: Corporate Governance, Firm Integrated Performance, Accounting and Finance Performance, Marketing Performance, Logistics and Supply Chain Performance

      Authors' individual contribution: Conceptualization — N.N., C.K., C.M., K.G., N.A., and A.P.; Investigation — N.N., C.K., C.M., K.G., N.A., and A.P.; Resources — N.N. and C.K.; Writing — Original Draft — C.K., C.M., K.G., N.A., and A.P.; Writing — Review & Editing — N.N. and C.K.; Visualization — N.N. and C.K.; Supervision — N.N.; Project Administration — C.M.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G34, M31, M41

      Received: 02.02.2022
      Accepted: 09.05.2022
      Published online: 11.05.2022

      How to cite this paper: Nagalingam, N., Kumarapperuma C., Malinga, C., Gayanthika, K., Amanda, N., & Perera, A. (2022). Corporate governance and firm integrated performance: A conceptual framework. Corporate Governance and Sustainability Review, 6(2), 8–17. https://doi.org/10.22495/cgsrv6i2p1

      2022-05-11T13:47:36Z
       
  • The impact of tax changes on the liquidity of construction companies in
           the developing market

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Studies to date show that taxes have a very high impact on company liquidity (Law & Yuen, 2019; Drogalas, Lazos, Koutoupis, & Pazarskis, 2019). The International Monetary Fund (IMF, 2022) shows the need to release tax procedures and their monitoring in the Republic of Kosovo. Kosovo law is such that it disables the timely liquidity of construction companies which has an impact on the reduction of construction companies' projects. The main purpose of this paper is to describe the effects of changing the tax laws, namely the law on corporate income tax, personal income, and value-added tax (VAT) on the liquidity of construction companies in Kosovo. For this paper, we employ survey data collected from accountants and financial managers who through the questionnaire have reflected on the need to change the law on personal income, corporate income, and VAT. The models for measuring latent variables are structural equation models 1 and 2 (SEM1 and SEM2) and the ordinary least squares (OLS) models. The empirical results of the SEM1 and first OLS model (OLS1) reveal that the current law on corporate income tax and the law on personal income tax have negative effects on the liquidity of construction companies in the Republic of Kosovo and the empirical results from the SEM2 and second OLS model (OLS2) show that the current law on value-added tax has significant negative effects on the liquidity of construction companies in the Republic of Kosovo.

      Keywords: Liquidity, Construction Companies, Value-Added Tax (VAT), Corporate Income Tax, Personal Income Tax, Investments

      Authors' individual contribution: Conceptualization — M.H., R.B., and K.U.; Methodology — R.B.; Software — R.B.; Validation — M.H.; Formal Analysis — R.B.; Investigation — M.H. and R.B.; Resources — M.H. and K.U.; Data Curation — R.B.; Writing — Original Draft — M.H., R.B., and K.U.; Writing — Review & Editing — M.H., R.B., and K.U.; Visualization — M.H. and K.U.; Supervision — M.H. and K.U.; Project Administration — R.B.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: G3, H2, L7

      Received: 13.09.2021
      Accepted: 09.05.2022
      Published online: 11.05.2022

      How to cite this paper: Hashani, M., Bajrami, R., & Ukshini, K. (2022). The impact of tax changes on the liquidity of construction companies in the developing market [Special issue]. Journal of Governance & Regulation, 11(2), 234–243. https://doi.org/10.22495/jgrv11i2siart3

      2022-05-11T12:39:34Z
       
  • Decision information for auditors to assess litigation risk: Application
           of machine learning techniques

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Fraud cases have become more common in recent years, highlighting the role of auditors' legal liability. The competent authorities have called for stricter control and disciplinary measures for auditors, increasing auditors' legal liability and litigation risk. This study used machine learning (ML) techniques to construct a litigation warning model for auditors to assess audit risk when they evaluate whether accept or terminate an engagement, thus improving audit quality and preventing losses due to litigation. Otherwise, a sample matching method comprised of 64 litigated companies and 128 non-litigated companies was used in this study. First, feature selection technology was used to extract six important influencing factors among the many variables affecting auditors' litigation risk. Then a decision tree was used to establish a litigation warning model and a decision table for auditors' reference. The results indicated that the eight outcomes provided by the decision table could effectively distinguish the level of a litigation risk with an accuracy rate of 92.708%. These results can provide useful information to aid auditors in assessing engagement decisions.

      Keywords: Litigation Risk, Machine Learning, Feature Selection, Classifier Technique

      Authors' individual contribution: Conceptualization — Y.-H.L.; Methodology — Y.-H.L.; Formal Analysis — Y.-C.L.; Resources — F.-C.G.; Writing — Y.-H.L. and Y.-C.L.; Supervision — Y.-H.L.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: M4, C8, M1

      Received: 15.03.2022
      Accepted: 06.05.2022
      Published online: 10.05.2022

      How to cite this paper: Lu, Y.-H., Lin, Y.-C., & Gu, F.-C. (2022). Decision information for auditors to assess litigation risk: Application of machine learning techniques. Corporate Ownership & Control, 19(3), 133–146. https://doi.org/10.22495/cocv19i3art10

      2022-05-10T14:17:09Z
       
  • An assessment of the policy and regulatory outcome by the telecom services
           users: The emerging economy study

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      Outcome-based policy evaluation is an established practice in the distributive and redistributive public policies. Such practices are not evident for competitive regulatory policies of telecom, especially in India. This study bridges this research gap by carrying out an outcome-based evaluation of telecom policy and highlighting the importance of such evaluation. Using the methodological pluralism model from Schalock (2002), the outcome of India's telecom policies was evaluated. Outcome measures from the vision statement of telecom policy were appraised by telecom users by responding to a structured questionnaire-based survey. Factor analysis confirmed that our survey instrument measured the identified policy outcomes. Regression analysis confirmed that users' appraisal was based on their experiences of telecom services. Against five policy outcome measures, the survey respondents agreed on the achievement of affordability of services: 68.9% of the respondents found telecom services not secure; 74.7% of the survey respondents indicated an issue with quality; 55.6% of the respondents did not agree that the services are available anytime, anywhere. Outcome measures like telephone density (teledensity) as adopted by Telecom Regulatory Authority of India (TRAI) and Department of Telecommunications (DoT) are not the true representative of policy outcome. A multistakeholder policy evaluation will reveal the actual policy outcomes. International Telecommunications Union (ITU) should establish a standardized framework for outcome-based policy evaluation to address such issues.

      Keywords: Policy Evaluation, Telecom Policy, Outcome Evaluation, Availability, Quality, Security, Reliability

      Authors' individual contribution: Conceptualization — P.M.; Methodology —P.M., N.P.S., and A.F.; Resources — N.P.S. and A.F.; Data Curation — P.M. and N.P.S.; Writing — Original Draft — P.M.; Writing — Review & Editing — P.M. and N.P.S.; Supervision — N.P.S. and A.F.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: L38, L96, L98, C38, K23, L52

      Received: 07.11.2021
      Accepted: 05.05.2022
      Published online: 09.05.2022

      How to cite this paper: Mishra, P., Singh, N. P., & Farooq, A. (2022). An assessment of the policy and regulatory outcome by the telecom services users: The emerging economy study [Special issue]. Journal of Governance & Regulation, 11(2), 218–233. https://doi.org/10.22495/jgrv11i2siart2

      2022-05-09T14:13:14Z
       
  • Perceived organizational support and outcomes: A view through the lens of
           

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      "Creative
      This work is licensed under a Creative Commons Attribution 4.0 International License.

      Abstract

      According to the group engagement model, identity is a multidimensional concept, which incorporates not only the cognitive component of organizational identification but also the evaluative component of pride and respect (Blader & Tyler, 2009). In this study, we adopt the perspective of the group engagement model and the multidimensional conceptualization of social identity in order to examine the effects of perceived organizational support (POS) and two key employee outcomes, willingness to support the organization and intent to quit. More specifically, we examine whether the three aspects of social identity (identification, pride, and respect) can explain the relationship between POS and its outcomes. By doing so, we gain insight into the unique power of these components to explain the POS-outcome relationship and we contribute to a better understanding of the outcomes of POS (Kurtessis et al., 2017). Trying to provide generalizable findings with high external validity, we conducted a quantitative field study including a sample of 579 employees. Our findings indicate that identification partially explains the relationship between POS and willingness to support the organization, while identification and pride are able to partially mediate the POS-intent to quit the relationship. These findings have significant practical implications providing managers useful insight into how employees interpret and respond to perceptions of support.

      Keywords: POS, Identity, Intentions, Quit, Group Engagement Model

      Authors' individual contribution: Conceptualization — I.T. and I.N.; Methodology — I.T. and I.N.; Validation — I.T. and I.N.; Formal Analysis — I.T.; Investigation — I.T. and I.N.; Resources — I.T. and I.N.; Data Curation — I.T.; Writing — Original Draft — I.T. and I.N.; Writing — Review & Editing — I.T. and I.N.; Visualization — I.T. and I.N.; Supervision — I.T. and I.N.; Project Administration — I.T. and I.N.; Funding Acquisition — I.N.

      Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

      JEL Classification: I31, M12, M54

      Received: 07.11.2021
      Accepted: 06.05.2022
      Published online: 09.05.2022

      How to cite this paper: Tsachouridi, I., & Nikandrou, I. (2022). Perceived organizational support and outcomes: A view through the lens of the group engagement model, the role of identification, pride and respect [Special issue]. Corporate Governance and Organizational Behavior Review, 6(2), 174–181. https://doi.org/10.22495/cgobrv6i2sip1

      2022-05-09T13:42:09Z
       
 
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