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Corporate Law & Governance Review
Number of Followers: 2  
 
  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]
  • Factors of fraud triangle affecting the likelihood of material
           misstatements in financial statements: An empirical study

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

      Abstract

      This study aims to identify and examine the three components of the fraud triangle theory that affect the likelihood of material misstatements in financial statements. With a sample of 150 listed companies from two stock exchanges in Vietnam, Ho Chi Minh City (HOSE) and Hanoi Stock Exchange (HNX) in 2019, this study uses multinomial logistic regression analysis to examine the relationship among factors. This study shows the impact of using the elements of the fraud triangle theory in forecasting the likelihood of material misstatement (Cressey, 1953; Romney et al., 1980). The results indicate that the following factors affect the possibility of material misstatements in financial statements of companies: debt ratio, return on assets, independence of the board members, selection of an audit firm, auditor change in comparison with the previous year, and historical financial statements with material misstatements. These findings of the study can be utilized to develop strategies to help identify companies that are likely to have material misstatements in their financial statements.

      Keywords: Financial Statements, Fraud, Fraud Triangle, Material Misstatements, Vietnam

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

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

      JEL Classification: M40, M41, M42

      Received: 26.04.2022
      Accepted: 25.01.2023
      Published online: 27.01.2023

      How to cite this paper: Doan, T. N., & Ta, T. T. (2023). Factors of fraud triangle affecting the likelihood of material misstatements in financial statements: An empirical study. Journal of Governance & Regulation, 12(1), 82–92. https://doi.org/10.22495/jgrv12i1art8

      2023-01-27T14:32:48Z
       
  • Economic and environmental benefits of performance management controls in
           human service transportation planning

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      Abstract

      Sustainability strategies are being implemented in organizations as best practices demonstrate that these initiatives not only provide environmental and social benefits but also financial benefits (Nawaz & Koç, 2019). The problem addressed is that community-based human service organizations often rely upon their own vehicles or the personal vehicles of their employees to transport clients, but the skills and resources to apply and implement sustainable transportation best practices are lacking (Busko & Saltzman, 2021). The purpose is to demonstrate how the application of process mapping and systems approach can reduce fuel usage and greenhouse gas emissions, and save time and financial costs which can, in turn, be used to improve the quality of life of those served by these organizations. The methodology is a qualitative grounded theory approach applied by conducting a textual analysis of conceptual approaches that could be applied to transportation in this industry. The results demonstrate that if human service organizations adopt process mapping and systems approach for their transportation, economic and environmental benefits can be achieved. The conclusion reviews the findings and recommendations. This research is relevant because small businesses and nonprofit organizations need to be lean to stay competitive and to provide the best services to their clients.

      Keywords: Sustainability, Transportation, Small Business, Process Mapping, Systems Approach

      Authors' individual contribution: Conceptualization — S.W.; Methodology — S.W.; Resources — S.W. and J.M.; Writing — Original Draft — S.W.; Writing — Review & Editing — S.W. and J.M.; Visualization — J.M.

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

      Acknowledgements: The Authors would like to thank the Integrated Business Department in the College of Business Administration at the University of Central Florida for their support to complete this article as it relates to providing a holistic view of how best practices can be applied in organizational settings.

      JEL Classification: L3, R4, R41

      Received: 03.01.2022
      Accepted: 25.01.2023
      Published online: 27.01.2023

      How to cite this paper: Willox, S., & Morin, J. (2022). Economic and environmental benefits of performance management controls in human service transportation planning. Corporate Governance and Sustainability Review, 6(4), 44–53. https://doi.org/10.22495/cgsrv6i4p4

      2023-01-27T13:04:13Z
       
  • Is an equally weighted global investment portfolio the outperformer'

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

      Abstract

      The paper builds, in the first part, a benchmark index based on the optimal mix of indices for the global asset classes of equity, fixed-income securities, real estate, commodities, and currencies including cryptocurrencies so as to maximize the ex-post Sharpe ratio. The objective of the first part is to help investors across the globe compare portfolio performance with a uniform benchmark. In the second part, a comparison of portfolio performances is based on five methods of portfolio construction viz; 1) historical returns and variance matrix used along with Markowitz model to discover optimal weights for portfolio components, 2) modification to this approach by using autoregressive integrated moving average (ARIMA) based predicted returns in place of historical returns, 3) global minimum volatility (GMV) portfolio, 4) global market weight portfolio and 5) equal weight portfolio. The objective in the second part is to explore an easy-to-use and at the same time conceptually sound method to build portfolios for any investor worldwide even if such an investor does not have access to or does not wish to rely upon the views and opinions of investment experts. The ex-post performance of portfolios based on these five methods is compared with the ex-post performance of 207 global active and passive funds. This comparison suggests that an equal-weighted portfolio with periodical rebalancing gives the best Sharpe ratio for a global investor.

      Keywords: Optimum Global Portfolio, Global Portfolio Benchmark, Equal Weight Portfolio, Periodic Rebalancing, Sharpe Ratio, ARIMA Prediction, Markowitz Optimisation, Exchange Traded Funds

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

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

      JEL Classification: G11, G12, G15, G110

      Received: 18.10.2022
      Accepted: 25.01.2023
      Published online: 27.01.2023

      How to cite this paper: Damani, A., & Vaidya, N. (2023). Is an equally weighted global investment portfolio the outperformer? Corporate Ownership & Control, 20(2), 113–126. https://doi.org/10.22495/cocv20i2art9

      2023-01-27T12:37:28Z
       
  • Impact of directors' remuneration on banks' performance: Evidence in the
           US banking system

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

      Abstract

      This paper explores the relationship between board director compensation and bank performance for the period 1999–2021, considering the US banking system. The literature in this area with reference to financial companies and banks is poorly developed and leads to mixed results. Furthermore, the studies have mainly focused on the remuneration of the chief executive officer (CEO), neglecting that of the board members (Minnick et al., 2011; Khumalo & Masenge, 2015; Iskandrani et al., 2018). The scientific analysis methodology adopted is based on the analysis of panel data. Firstly, the results of the data analysis make it possible to highlight the existence of a significant link between the remuneration policies adopted by banks concerning the corporate results obtained in terms of profitability. Secondly, the results show differences, in terms of impact on banking performance, between the remuneration of chief executive officers and the remuneration of directors. The results of this study can help banks identify best practices for bank management as well as provide useful insights to different categories of stakeholders, especially the bank regulators and supervisors.

      Keywords: Bank Performance, Bank Profitability, Board of Directors, Corporate Governance, Director Remuneration

      Authors' individual contributions: 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: G01, G21, G34, M52

      Received: 21.12.2022
      Accepted: 25.01.2023
      Published online: 27.01.2023

      How to cite this paper: Capuano, P. (2022). Impact of directors' remuneration on banks' performance: Evidence in the US banking system. Corporate Board: Role, Duties and Composition, 18(3), 24–32. https://doi.org/10.22495/cbv18i3art3

      2023-01-27T12:20:39Z
       
  • Green circular economy: An educational model to transform

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

      Abstract

      Through qualitative analysis of the related factors for the Green Circular Education Model, six articles published from 2019 to 2021 were studied. Several related factors were discovered, including relevance in design, sustainable human development experiences, complementary design, holistic development of products, spatial quality dimension, a new vision for society, adaptations of current teaching practices, an extension of the “end-of-life” concept, stable policies, multifaceted concept applications, and transverse competent. In order to combat the challenge of limited resources to developing a mindset of transformations, a platform with shared resources is needed to triangulate the transformative servant leadership concept, ESG (environmental, social, and corporate governance) concept with trust (education values with social and governance) and use of sustained materials in flow concept (environmental mindset) when educating the community for the meaning of Sustainable Development Goals (SDGs) and ESG in their lives.

      Keywords: Transformation, Servant Leadership, ESG, Education, Trust, Flow Concept

      Authors' individual contributions: Conceptualization — F.C.-C.W. and S.M.C.Y.; Methodology — S.M.C.Y.; Writing — F.C.-C.W. and S.M.C.Y.; Investigation — S.M.C.Y.; Funding Acquisition — F.C.-C.W. and S.M.C.Y.; Resources — F.C.-C.W. and S.M.C.Y.; Supervision — S.M.C.Y.

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

      JEL Classification: I12, I13, M3

      Received: 14.12.2022
      Accepted: 23.01.2023
      Published online: 26.01.2023

      How to cite this paper: Yeung, S. M. C., & Wong, F. C.-C. (2022). Green circular economy: An educational model to transform. Corporate Board: Role, Duties and Composition, 18(3), 15–23. https://doi.org/10.22495/cbv18i3art2

      2023-01-26T14:36:18Z
       
  • Users' opinions on telecom mergers and acquisitions in a developing
           country

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

      Abstract

      Due to the global economic recession and rising inflation, many telecom companies have had operational challenges; thus, mergers with other companies are a common alternative (Thairath Online, 2022). Mergers and acquisitions (M&As) will have a substantial influence on consumers and companies who use telecommunications services, in addition to having an effect on finance and investment (Puapongsakorn, 2021). This study aims to investigate the elements that influence Internet users' perceptions of M&As of Internet service providers in Thailand as well as the degree to which Internet users view such mergers. Using regression analysis, the data was analysed. According to the findings, Thai Internet users have the highest mean opinion level about the CAT-TOT M&A. For CAT-TOT mergers, marital status, and monthly Internet costs are significant factors, whilst gender is decisive for TRUE-DTAC and AIS-3BB mergers. The paper proposes that administrators and regulators should include merger criteria in policy recommendations to ensure that the merger has no detrimental impact on consumers.

      Keywords: Internet Service Providers, Internet Users, Telecom Mergers and Acquisitions, Telecommunications Industry, Thailand

      Authors' individual contribution: Conceptualization — Y.S., T.K., S.V., V.C., and S.C.; Methodology — Y.S., T.K., S.V., V.C., and S.C.; Software — Y.S.; Formal Analysis — Y.S. and T.K.; Investigation — Y.S.; Resources — T.K., S.V., V.C., and S.C.; Writing — Original Draft — Y.S.; Writing — Review & Editing — T.K.; Visualization — T.K.; Supervision — T.K.

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

      JEL Classification: G34, L13, L86, L96

      Received: 25.07.2022
      Accepted: 24.01.2023
      Published online: 26.01.2023

      How to cite this paper: Shaengchart, Y., Kraiwanit, T., Virunhaphol, S., Chutipat, V., & Chaisiripaibool, S. (2023). Users' opinions on telecom mergers and acquisitions in a developing country. Corporate & Business Strategy Review, 4(1), 50–56. https://doi.org/10.22495/cbsrv4i1art5

      2023-01-26T13:59:00Z
       
  • University transformation and governance: An evaluation of King IV-fit

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      Abstract

      The notion of transformation and governance in universities inspired this study. The study's aims were to evaluate the extent to which King IV serves the transformation agenda of universities and provide recommendations for future King Code instalments given transformation imperatives in South Africa. Considering specific university contexts, literature provides a suite of governance models. The country's need to achieve transformation targets brings complexities to the purest forms of governance models. A literature search strategy and simplified meta-synthesis approach were applied to transformation and governance literature. Types of transformation (Colloff et al., 2017) and seven university governance models (Baldridge, 1971; Meyer, 2007; Trakman, 2008) were reviewed. Achieving a mix of positives from various codes was found to be possible, and an enabling transformed governance mechanism was proposed, King IV's application has transformation limitations making it less suitable as universities' governance framework designed to attain transformation objectives. The study recommends that future instalments of the King Code need to extensively address aspects of socio-economic transformation in similar magnitudes as the current instalment does principles and practices. Additionally, universities should not be tied to one code's provisions, universities examine and implement governance systems grounded in African cultures, and future research should be conducted around indigenous governance knowledge and systems which should shape governance models for universities.

      Keywords: Governance, Transformation, Higher Education, Corporate Accountability, King Code, African, Diversity, Corporate Control

      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 appreciates the guidance provided by his mentor, Prof. R. T. Mpofu, and the feedback given during a roundtable discussion hosted by UNISA's Department of Leadership and Transformation on the 6th of April 2022.

      JEL Classification: G34, I23, M14

      Received: 01.06.2022
      Accepted: 23.01.2023
      Published online: 26.01.2023

      How to cite this paper: Muzata, T. (2023). University transformation and governance: An evaluation of King IV-fit. Corporate Governance and Organizational Behavior Review, 7(1), 51–63. https://doi.org/10.22495/cgobrv7i1p5

      2023-01-26T13:58:24Z
       
  • Editorial: New developments in corporate law and governance

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

      This issue of the journal "Corporate Law & Governance Review" was published on January 26, 2023.

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

      How to cite: Ma, F. (2022). Editorial: New developments in corporate law and governance. Corporate Law & Governance Review, 4(2),
      4–6. https://doi.org/10.22495/clgrv4i2editorial

      2023-01-26T09:54:16Z
       
  • Protection of employees in international employment contracts

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      Abstract

      This study investigated the level of labor protection as per the international labor contract. Thus, the way applicable law is applied to international labor relations in Jordan and other Arab countries such as Kuwait and Bahrain, and Rome I Regulation were discussed (Council of the European Union, 2008). This was done to evaluate labor protection in Jordan compared to the other countries. Attempts were made to raise the problem, delineate the ongoing situation in Jordan, and suggest suitable solutions. The analytical method, and the survey of judiciary literature and relevant legal documents showed labor protection in Jordan is not suitable. This is because the Jordanian judiciary is contradictory regarding the interpretation of occurrences related to determining the applicable law, for there are no clear, explicit legal provisions in this regard. It was also suggested that the Jordanian legislator intervenes to protect the labor and provides legal regulations on the application of law. This study has provided the fertile soil for beneficiaries to enhance labor protection to make it conform to international standards, and for future research to aim at this purpose, and deal with labor rights in remote work or work performed in more than one country.

      Keywords: Choice of Law, Conflict of Laws, Contracting Parties, Labor Relations, Lex Voluntatis

      Authors' individual contribution: Conceptualization — Z.K.A.-E.; Methodology — Z.K.A.-E.; Software — W.F.M.; Validation — Z.K.A.-E.; Formal Analysis — Z.K.A.-E.; Investigation — Z.K.A.-E.; Resources — W.F.M.; Writing — Original Draft — Z.K.A.-E.; Writing — Review & Editing — W.F.M.; Visualization — Z.K.A.-E.

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

      JEL Classification: J52, J53, J54, J58, J59, J61, J68, K12, K15, K20, K31, K33

      Received: 01.07.2022
      Accepted: 23.01.2023
      Published online: 25.01.2023

      How to cite this paper: Al-Enizi, Z. K., & Mahameed, W. F. (2023). Protection of employees in international employment contracts. Journal of Governance & Regulation, 12(1), 75–81. https://doi.org/10.22495/jgrv12i1art7

      2023-01-25T13:49:28Z
       
  • The impact of auditor-provided non-audit services on audit quality: A
           review of the archival literature

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      Abstract

      The paper gives an overview of the results of a structured literature review. It covers archival studies on the relationship between non-audit services (NAS) fees and factual as well as perceived audit quality published in journals included in the accounting subject category of the SCImago Journal Ranking. It also includes a critical evaluation of the research methods applied in prior research and offers avenues for future research. The provision of NAS to audit clients creates threats to auditor independence. Consequently, regulators have focused on the simultaneous provision of audit and NAS for many years and restricted it over time. This paper aims to assess which regulatory actions are justified in light of related archival research findings. Overall, prior research does not clearly prove a negative impact of non-audit services on factual audit quality. However, it demonstrates a negative relationship between non-audit fees and audit quality perceptions. Moreover, it also reveals that tax consulting fees are less problematic.

      Keywords: Archival Research, Auditor Independence, Audit Quality, Literature Review, Non-Audit Services

      Authors' individual contribution: Conceptualization — R.Q.; Methodology — R.Q., D.S.T., and J.S.T.; Formal Analysis — R.Q., D.S.T., and J.S.T.; Writing — Original Draft — R.Q.; Writing — Review & Editing — D.S.T. and J.S.T.; Supervision — R.Q.

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

      JEL Classification: M42, M48

      Received: 01.11.2022
      Accepted: 23.01.2023
      Published online: 25.01.2023

      How to cite this paper: Quick, R., Sánchez Toledano, D., & Sánchez Toledano, J. (2023). The impact of auditor-provided non-audit services on audit quality: A review of the archival literature. Corporate Ownership & Control, 20(2), 93–112. https://doi.org/10.22495/cocv20i2art8

      2023-01-25T12:39:12Z
       
  • The extent of meeting the forensic accounting requirements in courts:
           Evidence from the developing countries

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      Abstract

      This study aims to explore the extent of meeting the forensic accounting requirements in courts, using the aspects of the availability of financial data for forensic accountants, possessing the required practical, scientific skills by forensic accountants, and the existence of a legislative and organizational environment. The population of the study consists of 998 people and represents the employees of the Audit Bureau and the Integrity and Anti-Corruption Commission. The study sample consists of 130 people from these two bodies. The data was collected through a questionnaire. The study used a descriptive-analytical approach and Statistical Package for the Social Sciences (SPSS) software. The study concluded that the aspects of using forensic accounting in Jordanian courts, that are the availability of financial data for forensic accountants, possessing the required practical and scientific qualifications by forensic accountants, possessing the required skills by forensic accountants, and the existence of a legislative and organizational environment, are consistent with the conclusions of other studies (Alshurafat et al., 2021; Shbeilat & Alqatamin, 2022). The study recommends that the pertinent authorities encourage the Jordanian courts to use forensic accounting in resolving financial conflicts.

      Keywords: Forensic Accounting, Jordanian Courts, Audit Bureau, Financial Conflicts, Anti-Corruption

      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 moral and financial support.

      JEL Classification: D21, G3, G21

      Received: 21.06.2022
      Accepted: 20.01.2023
      Published online: 24.01.2023

      How to cite this paper: Al Jundi, N. A. (2023). The extent of meeting the forensic accounting requirements in courts: Evidence from the developing countries. Corporate & Business Strategy Review, 4(1), 39–49. https://doi.org/10.22495/cbsrv4i1art4

      2023-01-24T15:03:53Z
       
  • Audit committee gender diversity and audit fees: The role of dual-class
           share structure

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      Abstract

      The paper examines the role of dual-class share structure on the nexus between the presence of at least one female member on the audit committee (gender diversity) and audit fees. The study estimates a regression model using 2,519 firm-year observations for 475 public U.S. firms, and in line with the view that gender diversity helps firms to be more attentive and committee members act within their control to ensure a higher level of audit coverage, the study finds that gender diversity is associated with higher audit fees. Further, this study reports that the interaction of dual-class share structure and gender diversity is associated with lower audit fees. This highlights the merits of dual-class share structures which continue to be a subject of much debate. This study also contributes to the literature that provides insight into how context or situational factors moderate the impact of gender diversity on audit fees.

      Keywords: Audit Fees, Gender Diversity, Audit Committee, Dual-Class Shares

      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: M42, G32, M41, M40

      Received: 10.06.2022
      Accepted: 20.01.2023
      Published online: 23.01.2023

      How to cite this paper: Omar, A. (2023). Audit committee gender diversity and audit fees: The role of dual-class share structure. Corporate Ownership & Control, 20(2), 84–92. https://doi.org/10.22495/cocv20i2art7

      2023-01-23T11:11:49Z
       
  • The bargain purchase option: Should it be more than an option'

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

      Abstract

      This study examines the bargain purchase option, which gives the lessee the option to buy the leased asset at the end of the lease period at a price significantly less than its fair market value. The study analyses the approach that the laws of Jordan and the United Arab Emirates (UAE) employ to enable the lessee to practice this option (Al-Azzawi, 2013). To achieve this goal, the main foundations and characteristics of the lessee's option to purchase are studied under both jurisdictions showing that while Jordanian law treats the option to purchase as a contractual choice (Al Khasawana, 2005), the UAE law moved further to protect the option by law. This difference is discussed in terms of its impact on the degree of protection that prospective users of financial leases may enjoy with regard to the bargain purchase option. This article concludes with some results and recommendations for sake of improvement, mainly the need to embrace legal protection of the option to purchase under the Jordanian legal system, and the need to grant the lessee the right to seek compensation in the case of lessor's failure to transfer the leased property within the period set by the law in the UAE.

      Keywords: Financial Lease, Lessor, Lessee, Option to Purchase, Jordan, UAE

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

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

      JEL Classification: K12, K20, K25

      Received: 19.06.2022
      Accepted: 20.01.2023
      Published online: 23.01.2023

      How to cite this paper: Kameel, T., Al Hajaya, N., & Alqudah, M. A. (2023). The bargain purchase option: Should it be more than an option? Journal of Governance & Regulation, 12(1), 68–74. https://doi.org/10.22495/jgrv12i1art6

      2023-01-23T10:33:59Z
       
  • The influence of debt-to-equity ratio, capital intensity ratio, and
           profitability on effective tax rate in the tourism sector

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      Abstract

      Masri and Martani (2012) explain agency problems that arise with the existence of influenceive tax rate due to differences in interests between the shareholder and management. Influence tax rate aims to apply tax regulations correctly to achieve the expected profit efficiency. This study examines the influence of debt level, capital intensity ratio (CIR), and company profitability on influenceive tax rates. Effective tax rate is measured in this paper, the debt level is measured using debt-to-equity ratio (DER), profitability is measured using return on assets (ROA) and the CIR shows property fixed assets in the company by compared total assets owned. The population in this study is the tourism sub-sector that has been audited and listed on the Indonesia Stock Exchange (IDX). This research period was conducted for 3 (three) years using a purposive sampling method. In this study, the data analysis techniques used were descriptive statistical analysis, classical assumption test, multiple linear regression analysis, F-test, t-test, and coefficient of determination test using the Statistical Product and Service Solutions (SPSS) program. The results of this study indicate that the level of debt, capital intensity ratio, and company profitability does not influence effective tax rate. This shows that if DER, ROA, and CIR have increased or decreased, the effective tax rate is not affected.

      Keywords: Effective Tax Rate, Debt-to-Equity Ratio, Capital Intensity Ratio, Profitability

      Authors' individual contribution: Conceptualization — M. and A.C.; Investigation — U.S.; Resources — S.R.D., T.G., and S.; Writing — M. and G.S.

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

      JEL Classification: D7, M2, M4, Z3

      Received: 03.04.2022
      Accepted: 17.01.2023
      Published online: 20.01.2023

      How to cite this paper: Chang, A., Meiryani, Sumarwan, U., Gunawan, T., Devi, S. R., Samukri, & Salim, G. (2023). The influence of debt-to-equity ratio, capital intensity ratio, and profitability on effective tax rate in the tourism sector. Journal of Governance & Regulation, 12(1), 53–67. https://doi.org/10.22495/jgrv12i1art5

      2023-01-20T14:34:18Z
       
  • Correlation between tax revenues and gross domestic product: Evidence from
           the developing economy

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

      Abstract

      This paper examines the relationship between tax revenues and the economic growth of Kosovo as a developing country. The paper uses quarterly time series data for 2010:Q1–2021:Q4 collected by the Kosovo Statistical Agency and the Ministry of Finance of Kosovo. The data were analyzed using EViews v10. Augmented Dickey-Fuller (ADF), Johansen cointegration test, vector autoregressive (VAR) model, vector error correction model (VECM) estimation, and Granger causality test was used to analyze the model. The VECM results showed that fluctuations in tax revenues have a negative effect on the gross domestic product (GDP) in the long run. Using data from nine countries, Nguyen and Darsono (2022) demonstrated that tax revenues have an adverse effect on economic growth. Using Granger causality, the results showed that tax revenue growth could cause GDP growth, and GDP growth can cause tax revenue. Okonkwo (2018) recommends that the government tighten tax collection methods and regularly evaluate tax policies to maintain the country's tax revenue. Since taxes boost economic growth and boost taxes in emerging economies, the government should implement effective tax collection measures. The importance of the paper lies in the fact that fluctuations in tax revenues are an important cause of negative changes in GDP in the long run.

      Keywords: Tax Revenues, GDP, Fluctuations, Kosovo, Relationship

      Authors' individual contribution: Conceptualization — L.Ç. and D.B.; Methodology — L.Ç. and A.H.; Formal Analysis — L.Ç., D.B., and A.H.; Writing — Original Draft — L.Ç.; Writing — Review & Editing — L.Ç.

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

      Acknowledgements: The Authors want to express gratitude to the Ph.D. candidate Kujtim Hameli for his assistance with empirical analysis.

      JEL Classification: H20, H30, H61, H62, O11

      Received: 17.08.2022
      Accepted: 18.01.2023
      Published online: 20.01.2023

      How to cite this paper: Çollaku, L., Balaj, D., & Hajdini, A. (2023). Correlation between tax revenues and gross domestic product: Evidence from the developing economy. Corporate & Business Strategy Review, 4(1), 31–38. https://doi.org/10.22495/cbsrv4i1art3

      2023-01-20T12:33:41Z
       
  • Environmental taxation as a boost mechanism for European Union green
           growth: The Greek response

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

      Abstract

      Before the early negative effects of human activity on the environment and nature became apparent, there was no particular concern. The consequences of exponential population growth over the years brought a negative impact, increasing the risk and concern for the future. In recent decades, there has been an admittedly large, joint, and ambitious effort at the international and European levels to promote and implement the values and rules of green development and growth. Green growth is crucial regarding the policy implemented by the European Union (EU). Therefore, it calls on all its member states to participate in this effort concerning the environment and natural resources, having as its main tool environmental taxation. This paper primarily aims in proving that environmental taxation facilitates, through the proper implementation of European Union rules, the achievement of green growth. The research methodology followed, was the study of the environmental indexes of the European Union countries from 2002 to 2020, including Greece. They were analyzed and compared to the European Union average indexes (Eurostat, 2020). The study results highlighted that environmental taxation is crucial in enhancing green growth by increasing the revenues of state funds and reducing environmental problems at European and international levels.

      Keywords: Green Growth, Environmental Taxes, European Union, Greece

      Authors' individual contribution: Conceptualization — G.L.T., A.S., G.K., and S.L.; Methodology — G.L.T., A.S., G.K., and S.L.; Validation — G.L.T., A.S., G.K., and S.L.; Formal Analysis — G.L.T., A.S., G.K., and S.L.; Investigation — G.L.T., A.S., G.K., and S.L.; Resources — G.L.T., A.S., G.K., and S.L.; Data Collection — G.L.T., A.S., G.K., and S.L.; Writing — Original Draft — G.L.T., A.S., G.K., and S.L.; Writing — Review & Editing — G.L.T., A.S., G.K., and S.L.; Visualization — G.L.T., A.S., G.K., and S.L.; Supervision — G.L.T.; Project Administration — G.L.T.

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

      JEL Classification: H23, M41, M48

      Received: 13.10.2022
      Accepted: 16.01.2023
      Published online: 20.01.2023

      How to cite this paper: Thanasas, G. L., Slimistinou, A., Kontogeorga, G., & Lampropoulos, S. (2023). Environmental taxation as a boost mechanism for European Union green growth: The Greek response. Risk Governance and Control: Financial Markets & Institutions, 13(1), 8–15. https://doi.org/10.22495/rgcv13i1p1

      2023-01-20T11:17:32Z
       
  • Operation management of rural banks of local government in the emerging
           market: An assessment of agency conflict or social responsibility

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

      Abstract

      Rural banks with local government ownership as majority shareholders aimed to increase public welfare and earn profits. state-owned banks (also state-owned enterprises (SOEs)) also have agency conflict, which may increase due to increased political content. Post-merger and acquisition (Post-M&A) due to the COVID-19 pandemic increases rural bank risk in lending. The research objective is to determine the impact of increased risk on rural bank lending. Data were collected from 32 annual reports of rural banks in Indonesia. Documentation was used to collect the data. Loan deposit ratio (LDR) is the dependent variable, the risk is the independent variable, and capital adequacy ratio (CAR), net profit margin (NPM), and return on equity (ROE) as the control variables. The technique of analyzing data is an analysis of covariance. The result show banks with below average risk have a greater difference (0.0393) than above average risk (0.0347). Another result indicates that LDR is not determined by the bank's health or the business risk of the debtor. Government demands through financing in local government, and it ignores risks and produces risk-taking behavior of managers. The government, as the majority shareholder, has a more effective monitoring role. Corporate social responsibility (CSR) oriented to society demand has been produced from rural banks owned by the government.

      Keywords: Agency Conflict, Social Responsibility, Rural Bank, Local Government Ownership

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

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

      JEL Classification: G20, G21, G28, G34, G38

      Received: 28.06.2022
      Accepted: 18.01.2023
      Published online: 20.01.2023

      How to cite this paper: Widiyanto, Thomas, P., Yulianto, A., Nuryana, I., & Nurkhin, A. (2023). Operation management of rural banks of local government in the emerging market: An assessment of agency conflict or social responsibility. Corporate Governance and Organizational Behavior Review, 7(1), 44–50. https://doi.org/10.22495/cgobrv7i1p4

      2023-01-20T08:10:50Z
       
  • Impact of selection process on employees' performance: A case of Lebanese
           small and medium enterprises

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

      Abstract

      The main objective of this paper is to explore if the selection process has an impact on employees' performance inside Lebanese small and medium-sized enterprises (SMEs). The research was conducted in SMEs located in the Greater Beirut area in which the empirical study consists of a quantitative method. The results have shown that the selection process has a full impact on employees' performance and retention inside Lebanese SMEs. This study contributes to mitigating selection errors among SMEs that forms the backbone of the Lebanese economy and hence reducing their turnover expenses, and increasing their longevity. This paper concludes that SMEs shall consider seriously the selection process in hiring.

      Keywords: Selection Process, Employees' Performance, Lebanese SMEs

      Authors' individual contribution: Conceptualization — D.N.D. and C.J.T.; Methodology — D.N.D. and C.J.T.; Validation — D.N.D. and C.J.T.; Formal Analysis — D.N.D. and C.J.T.; Investigation — D.N.D. and C.J.T.; Resources — D.N.D. and C.J.T.; Data Curation — D.N.D. and C.J.T.

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

      JEL Classification: M10, P17, M12, L1

      Received: 26.09.2022
      Accepted: 18.01.2023
      Published online: 20.01.2023

      How to cite this paper: Daw, D. N., & Tawk, C. J. (2023). Impact of selection process on employees' performance: A case of Lebanese small and medium enterprises. Corporate Ownership & Control, 20(2), 75–83. https://doi.org/10.22495/cocv20i2art6

      2023-01-20T07:32:57Z
       
  • The implications of IFRS on the credit market: Evidence from the emerging
           market

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

      Abstract

      Banks are usually assessed credit risk based on borrowers' financial statements to monitor credit risk over the life of the lending contract (Beatty, 2008; Golubeva, 2020). Thus, this research examines the implications of mandatory International Financial Reporting Standards (IFRS) implementation on the rational investment decisions of lenders and borrowers in the emerging market (e.g., the Iraqi credit market). Quantitative data were collected, nearly 137000 credit/loan contracts and 500 debenture contracts of almost 750 individual companies. We separate the dataset into two periods, earlier and later IFRS implementation using interaction variables to extract other economic factors' impact on loan contract stipulation. Even though enhancing the quality of financial statements is the most rational objective of IFRS adoption and implementation, the results show insignificant improvement. IFRS implementation has a limited effect in enhancing financial statements' quality during the conversion period. This finding supports the view that economic advantages do not essentially contribute to the application of IFRS but depend on other considerations and the level of disclosure practices.

      Keywords: International Financial Reporting Standards (IFRS), Credit Market, Financial Sector, Financial Statements' Quality

      Authors' individual contribution: Conceptualization — S.S.K.A.-S.; Methodology — S.S.K.A.-S.; Formal Analysis — S.S.K.A.-S. Investigation — S.S.K.A.-S.; Resources — H.A.N.A.-R.; Writing — Original Draft — H.A.N.A.-R.; Writing — Review & Editing — A.S.A.

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

      JEL Classification: G10, M41, M210

      Received: 09.07.2022
      Accepted: 16.01.2023
      Published online: 19.01.2023

      How to cite this paper: Al-Shaikh, S. S. K., Al-Refiay, H. A. N., & Abdulhussein, A. S. (2023). The implications of IFRS on the credit market: Evidence from the emerging market. Corporate Governance and Organizational Behavior Review, 7(1), 29–43. https://doi.org/10.22495/cgobrv7i1p3

      2023-01-19T14:29:45Z
       
  • Corporate governance and firm sustainability in the emerging economy: A
           literature review

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      Abstract

      Firm sustainability has gained popularity recently because businesses have seen the need for the creation of long-term sustainable values. Good corporate governance practices have been the pathway for companies in achieving social sustainability, environmental sustainability, and financial sustainability (Proshare, 2021a). Corporate governance and firm sustainability have been widely studied but in separate ways such as corporate governance and financial sustainability, corporate governance and environmental sustainability as well as corporate governance and social sustainability (Abolo, 2020). This study, therefore, aggregated these three components into their main fold, i.e., firm sustainability, and reviews previous studies to conclude what extant literature has on corporate governance practices and firm sustainability in Nigeria. The review covered a period from 2013 to 2022 and was done using the qualitative analysis method. The finding showed that corporate governance has a significant effect on environmental sustainability, but mixed effects (significant and not significant) on social sustainability and financial sustainability. The other category shows that it has a significant effect on the sustainability of Nigerian firms. The researchers conclude that good corporate governance practices improve firm sustainability in Nigeria. The findings enriched accounting literature and gave the situation of corporate governance and firm sustainability in Nigeria at a glance that has not been established.

      Keywords: Corporate Governance, Firm Sustainability, Financial Sustainability, Social Sustainability, Environmental Sustainability

      Authors' individual contribution: Conceptualization — A.E.A., P.U.E., A.C.O., and N.J.O.; Writing — Original Draft — A.E.A. and A.C.O.; Writing — Review & Editing — A.E.A., P.U.E., and N.J.O.; Visualization — A.E.A. and N.J.O.; Supervision — A.E.A. and A.C.O.

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

      JEL Classification: G30, M41, Q01

      Received: 23.03.2022
      Accepted: 16.01.2023
      Published online: 18.01.2023

      How to cite this paper: Agbata, A. E., Egolum, P. U., Offia, A. C., & Okoye, N. J. (2022). Corporate governance and firm sustainability in the emerging economy: A literature review. Corporate Governance and Sustainability Review, 6(4), 33–43. https://doi.org/10.22495/cgsrv6i4p3

      2023-01-18T13:36:53Z
       
  • The relationship between earnings management and integrated reporting
           quality: Board gender diversity as moderator

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

      Abstract

      This study focuses on the relationship between earnings management and materiality disclosure quality in integrated reporting (IRQ) in an international setting. Moreover, board gender diversity as a moderator variable will be included. A cross-country sample consisting of 696 firm-year observations between 2014 and 2019 is included in this empirical-quantitative study. Correlation and regression analyses are conducted in order to focus on the impact of both accruals-based earnings management (AEM) and real earnings management (REM) on IRQ and the moderating impact of board gender diversity (Blau index). Both AEM and REM are negatively related to IRQ and board gender diversity weakens this relationship. A bidirectional link between earnings management and IRQ is not stated. While prior research did not find significant impacts of accruals attributes on IRQ, our analysis makes a key contribution as the link between AEM, REM, and IRQ is both analysed and stated for the first time. Corporate practice, regulators and researchers should be aware of the notion that earnings quality and integrated reporting quality have many interdependencies and should be discussed together.

      Keywords: Integrated Reporting, Gender Diversity, Earnings Management, Accruals, Corporate Governance, Financial Reporting

      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: M40, M41

      Received: 16.06.2022
      Accepted: 16.01.2023
      Published online: 18.01.2023

      How to cite this paper: Velte, P. (2023). The relationship between earnings management and integrated reporting quality: Board gender diversity as moderator. Corporate Ownership & Control, 20(2), 63–74. https://doi.org/10.22495/cocv20i2art5

      2023-01-18T12:57:26Z
       
  • Bibliometric review of research on corporate governance and firm value

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

      Abstract

      This study aims to provide a bibliometric review (Zupic & Čater, 2015; Hallinger, 2019) of the corporate governance and firm value knowledge base. This paper is guided by PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) and based on the Scopus index for determining and extracting data. A total of 1,661 articles from 1983 to 2021 are included. The USA, the UK, and Australia are the leaders in the literature. A significant gap exists for further research from developing and non-Western settings. We identified authors with the highest citations (Danny Miller, Luc Renneboog, and Kose John), the most prominent authors based on the citation for each document (Danny Miller, Luc Renneboog, and Igor Filatotchev), and the most highly cited documents (“Higher market valuation of companies with a small board of directors”, Yermack, 1996; “Disentangling the incentive and entrenchment effects of large shareholdings”, Claessens et al., 2002, and “Boards: Does one size fit all?”, Coles et al., 2008). Besides, the review reveals an intellectual structure of the corporate governance and firm value knowledge base in three schools of thought: agency theory, firm value, and boards of directors. Our findings provide an overview of top-influential research for new scholars and enable us to identify highly cited theoretical foundations quickly.

      Keywords: Bibliometric Review, Agency Theory, Firm Value, Board of Directors, Corporate Finance, Corporate Governance

      Authors' individual contribution: Conceptualization — A.T. and S.Z.; Methodology — A.T. and S.Z.; Software — A.T. and S.Z.; Validation — A.T. and S.Z.; Formal Analysis — A.T. and S.Z.; Writing — Original Draft — A.T. and S.Z.; Writing — Review & Editing — S.Z.; Visualization — A.T. and S.Z.; Supervision — S.Z.; Project Administration — S.Z.

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

      JEL Classification: G32, G34, O16

      Received: 08.06.2022
      Accepted: 16.01.2023
      Published online: 18.01.2023

      How to cite this paper: Thamaree, A., & Zaby, S. (2023). Bibliometric review of research on corporate governance and firm value. Journal of Governance & Regulation, 12(1), 42–52. https://doi.org/10.22495/jgrv12i1art4

      2023-01-18T12:29:24Z
       
  • Impact of macroeconomic variables on the construction sector

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

      Abstract

      The construction industry is the main accelerator of the country's economy. Therefore, research studies on the impact of economic influences on the construction industry are vast. However, finding the main macroeconomic factors is limited in the Albanian industry (Puci et al., 2022). To fill the research gap, this paper aims to identify the macroeconomic variables that influence the sector of construction through an empirical investigation. To achieve this objective, an empirical study is done where the data set is defined as panel data. The model includes four independent variables: gross domestic product (GDP) growth, inflation rate, exchange rate, and interest rate; whereas the dependent variable is represented by return on assets (ROA) for 36 audited companies from 2010–2020, making a total of 396 observations. Multiple regression through EVIEWS 10 software is used to identify any potential relationship among them. The results of this paper indicate that all the variables were statistically significant; GDP growth and interest rate were proved to positively impact the profitability of companies operating in the construction sector; whereas the two other variables such as inflation rate and exchange rate negatively impact ROA for the period examined. Lastly, the paper emphasizes the role of the government as an investment-led industry; for the nation's prosperity construction sector is ultimate. Considering the role of construction in the development of Albania, it is necessary for the government to pay adequate attention to this sector.

      Keywords: Profitability, Construction, Macroeconomic Variables, Regression, Panel Data

      Authors' individual contribution: Conceptualization — J.P.; Methodology — J.P. and A.D.; Formal Analysis — J.P. and A.K.; Writing — Original Draft — J.P., A.D., and A.K.; Writing — Review & Editing — A.D.

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

      Acknowledgements: The Authors would like to thank the XVI IBANESS Congresses Series on Economics, Business and Management held on March 12–13, 2022, in Plovdiv, Bulgaria.

      JEL Classification: B22, C3, C46, C58, E4

      Received: 16.08.2022
      Accepted: 16.01.2023
      Published online: 18.01.2023

      How to cite this paper: Puci, J., Demi, A., & Kadiu, A. (2023). Impact of macroeconomic variables on the construction sector. Corporate & Business Strategy Review, 4(1), 22–30. https://doi.org/10.22495/cbsrv4i1art2

      2023-01-18T11:23:52Z
       
  • The nexus between digital innovation technology and competitive advantage:
           Mediated by management business strategy

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

      Abstract

      This research was carried out specifically by exploring the interaction between management business strategy with a competitive advantage and digital innovation technology on micro, small and medium enterprises (MSMEs) in Central Java. The population of this research is SMEs in construction and real estate services in Central Java. The analytical method uses the partial least square (PLS) method through a variance-based structural equation model (SEM) statistical test tool. Data analysis was carried out using SmartPLS and applying verification analysis (measurement of the outer model, evaluation of the structural model (inner model), and testing of research hypotheses). The data analysis that has been carried out has found that digital innovation technology has a positive and significant impact on the competitive advantage of MSMEs in construction and real estate services in Central Java. Meanwhile, testing through a management business strategy as a mediation between digital innovation technology and the competitive advantage of MSMEs in construction and real estate services in Central Java shows a unidirectional relationship. These results show that MSME actors have used digital innovation technology to support the company's competitive advantage (Khalil et al., 2022).

      Keywords: Business Strategy, MSMEs, Digital Innovation Technology, Competitive Advantage

      Authors' individual contribution: Conceptualization — I.F.; Methodology — I.F.; Formal Analysis — B.S.; Writing — Original Draft — I.F.; Writing — Review & Editing — I.F. and B.S.

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

      JEL Classification: L7, M21, M41, Q56

      Received: 18.06.2022
      Accepted: 12.01.2023
      Published online: 17.01.2023

      How to cite this paper: Farida, I., & Sutopo, B. (2023). The nexus between digital innovation technology and competitive advantage: Mediated by management business strategy. Corporate Governance and Organizational Behavior Review, 7(1), 18–28. https://doi.org/10.22495/cgobrv7i1p2

      2023-01-17T13:35:50Z
       
  • Property right under the Ottoman legal taxation system

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

      Abstract

      This paper aims to analyze the Ottoman taxation (timar) system which resembles medieval European feudalism. In this article, a chronological approach and contemporary scientific-methodological techniques have been used, as well as analytical and interpretation methods to clarify the Ottoman legal rules that regulate property rights focused in Kosovo. Based on this research, it has been found that the Ottoman government declared that all rural agricultural land belonged to the state, as well as that the peasant who worked on it had the status of an inherited tenant, and as a reward for his work he had the right to use it but as foreign property. This paper concludes that only a part of villagers representatives was integrated into the ranks of the spahis and the leaders of the Ottoman state, and Albanians had and kept such privileges until the end of foreign rule. This article is important to reflect on the influence that the Ottoman timar system had on the establishment of the Ottoman Empire in the countries which were its vassals, even though it has its own weaknesses (Kurmus & Yapucu, 2020).

      Keywords: Property, Ottoman, Tax Law, Timar System, Spahis, Kosovo, International, Indications, Influence

      Authors' individual contribution: Conceptualization — I.A. and M.L.; Methodology — I.A. and M.L.; Data Curation — I.A.; Writing — Original Draft — I.A. and M.L.; Writing — Review & Editing — I.A. and M.L.

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

      JEL Classification: K00, K11, K34, K33, K38, N00

      Received: 04.04.2022
      Accepted: 12.01.2023
      Published online: 16.01.2023

      How to cite this paper: Ahmeti, I., & Lecaj, M. (2023). Property right under the Ottoman legal taxation system. Journal of Governance & Regulation, 12(1), 33–41. https://doi.org/10.22495/jgrv12i1art3

      2023-01-16T14:46:43Z
       
  • Text similarity, boilerplates and their determinants in key audit matters
           disclosure

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

      Abstract

      Like the European Commission, many regulators and standard setters worldwide have substantially revised the requirements for auditor's reports on statutory audits of public interest entities. Their objective was to improve the report's information content and, hence, the transparency of the audit. A significant change was the introduction of a key audit matters (KAM) disclosure which increased the scope, meaningfulness, and individuality of auditor's reports. However, critics fear that auditors could use similar or standard formulations (i.e., boilerplate reporting) and not really increase the information value of the auditor's report. Therefore, this study investigates text similarities in KAM disclosure practice in the auditor's reports of German HDAX companies between 2017 and 2019. The results suggest that auditors often use similar formulations when disclosing a KAM on the same issue at the client level in consecutive years. We further find that the similarity rate is significantly negatively correlated to an audit firm change, and positively correlated to client firms that have a stable financial position measured by a high portion of equity.

      Keywords: Key Audit Matters, Auditor's Report, Text Similarity, Boilerplate Reporting, Information Value, Audit Quality

      Authors' individual contribution: Conceptualization — T.C., N.P., and R.Q.; Methodology — T.C., N.P., and R.Q.; Formal Analysis — T.C. and N.P.; Investigation — T.C., N.P., and R.Q.; Writing — Original Draft — T.C. and N.P.; Writing — Review & Editing — R.Q.

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

      Acknowledgements: We would like to thank two anonymous reviewers for their helpful comments and suggestions. Furthermore, we would like to thank participants of the 9th EIASM Workshop on Audit Quality (Milan, Università Cattolica del Sacro Cuore, Italy, Sept 30 – Oct 1, 2022) for their comments on a previous version of this paper.

      JEL Classification: M40, M42, M48

      Received: 01.11.2022
      Accepted: 13.01.2023
      Published online: 16.01.2023

      How to cite this paper: Carlé, T., Pappert, N., & Quick, R. (2023). Text similarity, boilerplates and their determinants in key audit matters disclosure. Corporate Ownership & Control, 20(2), 49–62. https://doi.org/10.22495/cocv20i2art4

      2023-01-16T14:32:36Z
       
  • The role of learning organizations in crisis management strategy: A case
           study

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

      Abstract

      The problem of the paper focused on the role of the learning organization in the crisis management strategy, and the extent of the actual interest in both the learning organization and the crisis management and aimed at diagnosing and analyzing that and surrounding questions. The Statistical Package for the Social Sciences (SPSS) program was used to calculate the results and the correlation coefficient between the two main variables. The methodology was descriptive and analytical. The case study was followed by a questionnaire that was distributed to a sample of 31 teachers. The paper adopted a seven-dimensional model of systemic thinking that encourages questioning, empowerment, provision of advanced technologies, and strategic leadership (Daft, 2004). Also adopted the model (Pearson & Mitroff, 1993) by sensing early signs of the crisis, preparing and preventing it, then containing the effects, then restoring vitality and drawing lessons. And it came to conclusions, most notably the great interest in the concept of the learning organization by the research organization and its practices and the importance of knowledge sharing and management, as well as paying high attention to the use of information and communication technology (ICT) techniques, and that it is able to continue, adapt, develop, face crisis challenges and take firm measures for this purpose.

      Keywords: Learning Organization, Knowledge Management (KM), Information and Communication Technology (ICT) Techniques, Crisis Management Strategy

      Authors' individual contribution: Conceptualization — A.S.H.A.-J.; Methodology — A.S.H.A.-J.; Validation — S.A.H.; Formal Analysis — A.S.H.A.-J.; Investigation — A.S.H.A.-J.; Writing — Original Draft — A.S.H.A.-J. and H.A.M.; Writing — Review & Editing — H.A.M.; Visualization — S.A.H.; Supervision — H.A.M.

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

      JEL Classification: M10, M12, M15, M19

      Received: 19.07.2022
      Accepted: 13.01.2023
      Published online: 16.01.2023

      How to cite this paper: Al-Janabi, A. S. H., Mhaibes, H. A., & Hussein, S. A. (2023). The role of learning organizations in crisis management strategy: A case study. Corporate & Business Strategy Review, 4(1), 8–21. https://doi.org/10.22495/cbsrv4i1art1

      2023-01-16T12:32:22Z
       
  • Pre-market individual investors' sentiment and IPO initial performance of
           the emerging market

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

      Abstract

      The volatility of the initial return and trading volume is evident from early observations of the Malaysian initial public offering (IPO) market on the first trading day. Making informed investment decisions is essential for a more accurate assessment of businesses and capital security. Investors should therefore be aware of what influences IPO initial return and trading volume. However, only a few amounts of prior research on the initial return and trading volume on the first trading day of an IPO has focused on the issue of investors' reaction. Specifically, previous studies have not taken into consideration how individual investors feel about IPO companies as the primary influence. In this study, the sentiment of individual investors is measured using the Google Search Volume Score (GSVS), a practical approximation (Da et al., 2011). This is because most people who use Google to look up information, particularly about recently released equities, are individual investors. Between 2004 and 2020, 271 initial public offerings (IPOs) listed on Bursa Malaysia's Main Market and Access, Certainty, Efficiency (ACE) Market made up the study sample. This study demonstrated that pre-market investor sentiment significantly and favourably effects IPO initial return and trading volume on the first trading day based on ordinary least square regression (OLS) models.

      Keywords: Google Search Volume Score, Initial Public Offering, IPO Initial Return, IPO Trading Volume, Pre-Market Individual Investors' Sentiment

      Authors' individual contribution: Conceptualization — N.C.-Y., S.S.S., and N.L.M.-E.; Methodology — N.C.-Y., S.S.S., and N.L.M.-E.; Data Curation — N.C.-Y., S.S.S., and N.L.M.-E.; Writing — Original Draft — N.C.-Y., S.S.S., and N.L.M.-E.; Writing — Review & Editing — N.C.-Y., S.S.S., and N.L.M.-E.

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

      Acknowledgements: The Authors would like to acknowledge that this article is part of a research project funded by the Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia (600-TNCPI 5/3/DDF (FPP) (010/2021)).

      JEL Classification: G12, G40, G41

      Received: 26.04.2022
      Accepted: 11.01.2023
      Published online: 13.01.2023

      How to cite this paper: Che-Yahya, N., Saleh, S. S., & Md-Elias, N. L. (2023). Pre-market individual investors' sentiment and IPO initial performance of the emerging market. Corporate Governance and Organizational Behavior Review, 7(1), 8–17. https://doi.org/10.22495/cgobrv7i1p1

      2023-01-13T15:17:27Z
       
  • Auditing quality between share price and liquidity regarding investor's
           decision

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      Abstract

      Financial statements and the fact that many investors depend on the most critical outputs of the auditing quality. We documented the impact of audit quality as measured by audit firm size, tenure, fees, and firm experience on the stock prices and the liquidity of stock companies listed on the Amman Stock Exchange (ASE). The research adopted the deductive approach considering the least squares dummy variable approach following Pham et al. (2020), Sumiadji et al. (2019), Ugwunta et al. (2018), and Al-Thuneibat et al. (2011) to study the relationship between time-varying predictors and outcomes of 185 shareholding companies listed on ASE from 2016 to 2020. The characteristics of an audit firm vary in their effects on both the stock price and the liquidity. Management of the listed companies should be discussed to address the barriers that limit the impact of audit quality on the reliability of information associated with financial statements aiming to reduce information asymmetry and boost investor confidence, and then the share price should rise, and smaller audit firms should be encouraged to perform more specific audit assignments.

      Keywords: Auditing Quality, Investors' Decisions, Stock Price, Liquidity, Amman Stock Exchange (ASE), Jordan

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

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

      JEL Classification: C22, G10, G11

      Received: 06.06.2022
      Accepted: 10.01.2023
      Published online: 13.01.2023

      How to cite this paper: Thuneibat, N., & AlHalaseh, R. H. (2023). Auditing quality between share price and liquidity regarding investor's decision. Journal of Governance & Regulation, 12(1), 22–32. https://doi.org/10.22495/jgrv12i1art2

      2023-01-13T14:17:43Z
       
  • The conceptual structure of internal audit research: A bibliometric
           analysis during 1991–2020

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      "Creative
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      Abstract

      The purpose of this study is to examine the conceptual structure of the field of internal audit (IA) research to provide a comprehensive overview of the academic field. A bibliometric analysis was used to analyse 461 papers from 152 journals between 1991 and 2020 divided into the following two steps. The descriptive statistical analysis highlights the characteristics of the IA research community in terms of publications, productive authors, journals, and countries. Then, the co-word analysis adopting multiple correspondence analysis (MCA) has been performed to analyse the conceptual structure of the IA field. The main results of this study can be summarized as follows. The increase in the number of publications recorded in the past few years highlights a growing academic interest in the IA research. Four main topics are identified by the bibliometric analysis: 1) the oversight governance role of IA; 2) information technology in the IA; 3) internal auditor independence and competence; 4) reliance on the IA. This study contributes to the field by facilitating the identification of research areas and outlining the current state of IA research.

      Keywords: Internal Audit, Bibliometric Analysis, Co-Word Analysis, Conceptual Structure

      Authors' individual contribution: Conceptualization — R.S. and C.Z.; Methodology — R.S.; Writing — Original Draft — R.S. and C.Z.; Writing — Review & Editing — R.S. and C.Z.; Supervision — R.M.

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

      JEL Classification: M420

      Received: 19.10.2022
      Accepted: 11.01.2023
      Published online: 13.01.2023

      How to cite this paper: Santonastaso, R., Macchioni, R., & Zagaria, C. (2023). The conceptual structure of internal audit research: A bibliometric analysis during 1991–2020. Corporate Ownership & Control, 20(2), 34–48. https://doi.org/10.22495/cocv20i2art3

      2023-01-13T11:59:20Z
       
  • Editorial: Digitalization as a business competitive advantage

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

      This issue of the journal "Corporate & Business Strategy Review" was published on January 13, 2023.

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

      How to cite: Tulung, J. E. (2022). Editorial: Digitalization as a business competitive advantage [Special issue]. Corporate & Business Strategy Review, 3(2), 194–196. https://doi.org/10.22495/cbsrv3i2sieditorial

      2023-01-13T11:43:54Z
       
  • Editorial: The challenges of the future and continuing research after
           crises

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

      This issue of the journal Corporate Governance and Organizational Behavior Review was published on January 11, 2023.

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

      How to cite: Dayan, V. (2022). Editorial: The challenges of the future and continuing research after crises [Special issue]. Corporate Governance and Organizational Behavior Review, 6(4), 192–193. https://doi.org/10.22495/cgobrv6i4sieditorial

      2023-01-11T18:53:26Z
       
  • The effect of workload and burnout on auditor performance 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 has put an auditor under pressure to help clients with financial reports. The objective of this research is to investigate the effect of workload and burnout on auditor performance during the COVID-19 pandemic of external auditors in Jakarta. This research employs a quantitative method with a convenience sampling approach. The sample of this study was 101 respondents from 34 public accounting firms in the Jakarta Capital Special Region that were active and registered on the website database of the Financial Services Authority (OJK). The results showed that workload had a positive effect on auditor performance while burnout has a negative effect on auditor performance. This shows that the high workload tends to affect the auditor's motivation to improve the auditor's performance and the high burnout tends to affect the auditor's performance decline.

      Keywords: Workload, Burnout, Auditor Performance, External Auditors, COVID-19

      Authors' individual contribution: Conceptualization — G.S. and M.; Investigation — M.; Resources — A.A. and M.; Writing — G.S. and J.S.

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

      JEL Classification: M2, M4, G3

      Received: 03.04.2022
      Accepted: 09.01.2023
      Published online: 11.01.2023

      How to cite this paper: Soepriyanto, G., Meiryani, Amelia, A., & Sudrajat, J. (2023). The effect of workload and burnout on auditor performance during the COVID-19 pandemic. Journal of Governance & Regulation, 12(1), 8–21. https://doi.org/10.22495/jgrv12i1art1

      2023-01-11T13:50:43Z
       
  • Gender diversity and financial and environmental performance in SMEs: A
           systematic literature review

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

      Abstract

      Small and medium-sized enterprises (SMEs) represent the most widespread business model so their environmental impact cannot be overlooked. The topic of sustainability in SMEs, current and well-debated in literature, has been investigated from different perspectives. Some studies have looked at the benefits and barriers related to the adoption of sustainable production policies, others the relationship with corporate performance, and still others the drivers of sustainability. The latter studies find founders/chief executive officer's (CEO) proactivity and sensitivity to environmental issues as important drivers of the business sustainable development process. However, limited are the studies that analyze the role and potential of the whole board of directors on SMEs' not only financial but also sustainable performance. This study provides a systematic literature review (SLR) to understand the main strands of research that investigated the relationship between board diversity and financial and sustainable performance. The results show that several studies have found a relationship between board diversity and financial performance, while there are still limited studies that analyze the relationship between board diversity and sustainable performance. This study not only provides a valuable knowledge base for the academic community on what has been addressed on the topic to date but also provides important new research directions, stimulating scientific contributions that analyze diversity on Boards in its several forms (ethnicity, gender, age, culture, religion) to understand which of these most stimulates SME sustainability.

      Keywords: SMEs, Board Diversity, Sustainability, Firm's Performances, Systematic Literature Review

      Authors' individual contribution: Conceptualization — S.R., G.D., and F.D.; Methodology — S.R., G.D., and F.D.; Validation — S.R.; Formal Analysis — S.R., G.D., and F.D.; Data Curation — S.R., G.D., and F.D.; Writing — Original Draft — S.R., G.D., and F.D.; Writing — Review & Editing — F.D.; Supervision — G.D.

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

      JEL Classification: Q56, L25, M14, G30

      Received: 01.11.2022
      Accepted: 09.01.2023
      Published online: 11.01.2023

      How to cite this paper: Ranaldo, S., Dicuonzo, G., & Donofrio, F. (2023). Gender diversity and financial and environmental performance in SMEs: A systematic literature review. Corporate Ownership & Control, 20(2), 21–33. https://doi.org/10.22495/cocv20i2art2

      2023-01-11T13:14:17Z
       
  • Mediating role of innovation capabilities between maturity and performance
           of e-commerce

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

      Abstract

      This study investigates and clarifies e-commerce maturity as the reason the focal point of Indonesian creative industry business visionaries during the COVID-19 pandemic in the new ordinary time in Indonesia. The COVID-19 pandemic has energized entrepreneurs, particularly in the creative industry, to have the option to build up their dynamic capacities so they can make do in unsure financial circumstances and measure their e-commerce performance through a balanced scorecard approach (Kaplan & Norton, 1992). This research has taken 383 respondents of business visionaries who are occupied with creative enterprises and have applied the idea of e-commerce in their business activities taken as tests and dissected quantitatively utilizing structural equation modelling (SEM). This study finds that e-commerce maturity provides a significant impact on e-commerce performance and innovation capabilities. Furthermore, the indirect impact result is more favourable compared with a direct relationship between e-commerce maturity and e-commerce performance. This paper highlights the importance of e-commerce maturity and innovation capabilities and shows that both variables significantly impact e-commerce performance which may help entrepreneurs in Indonesia's creative businesses to enhance their performance, especially in e-commerce.

      Keywords: Creative Industry, E-Commerce, E-Commerce Maturity, E-Commerce Performance, Entrepreneurship

      Authors' individual contribution: Conceptualization — I.T. and S.S.; Methodology — I.T. and A.B.; Writing — I.T.; Investigation — I.T.; Data Curation — I.T. and A.B.; Funding Acquisition — S.S.; Supervision — S.S., S.B., and A.B.

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

      Acknowledgements: We would like to express our gratitude to the Directorate of Resources, the Directorate General of Higher Education, and the Ministry of Education, Culture, Research, and Technology in accordance with the research contract for the 2021 fiscal year with grant number: 3530/LL3/KR/2021 dated 12 July 2021 which approved fund for this research.

      JEL Classification: L25, L26, M13

      Received: 31.08.2022
      Accepted: 06.01.2023
      Published online: 10.01.2023

      How to cite this paper: Priambodo, I. T., Sasmoko, S., Abdinagoro, S. B., & Bandur, A. (2022). Mediating role of innovation capabilities between maturity and performance of e-commerce [Special issue]. Corporate & Business Strategy Review, 3(2), 349–356. https://doi.org/10.22495/cbsrv3i2siart16

      2023-01-10T15:25:45Z
       
  • Loss firms during the COVID-19 crisis and the subsequent reversal

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

      Abstract

      The COVID-19 pandemic has caused significant disruptions to the global economy. This paper examines firms that reported losses during the first year of the COVID-19 crisis (i.e., 2020) and their subsequent reversals to profitability in 2021. A comparison of data on the COVID-19 crisis with the Global Financial Crisis (GFC) and a general sample period (1976–2021) shows a high frequency and magnitude of losses reported during the COVID-19 crisis. Although the magnitude of losses reported during the COVID 19 crisis is not significantly higher than the losses reported during the GFC, the percentage of loss firms that reversed to profitability is greater after the COVID-19 crisis than after the GFC. This result applies to firms that suffered from the first year of loss as well as to firms with consecutive loss periods of two, three, or four years. While the reversal models based on Joos and Plesko (2005) are able to predict loss reversals in general, the prediction performance of these models is weaker for the GFC and the COVID-19 crisis, especially for firms that incurred more transitory losses. Further analysis shows that the negative relation between market value and earnings in loss firms is reduced when additional value drivers such as research and development (R&D), sales growth, and sustainability are considered.

      Keywords: Losses, Loss Reversal, COVID-19, Prediction, Valuation

      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: G32, M41

      Received: 19.09.2022
      Accepted: 06.01.2023
      Published online: 10.01.2023

      How to cite this paper: Wu, W.-T. (2023). Loss firms during the COVID-19 crisis and the subsequent reversal. Corporate Ownership & Control, 20(2), 8–20. https://doi.org/10.22495/cocv20i2art1

      2023-01-10T13:01:37Z
       
  • Editorial: Board gender parity in 200 years or whether a board gender
           diversity issue is still on crossroad

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

      This issue of Corporate Ownership and Control journal was published on January 10, 2023.

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

      How to cite: Kostyuk, A. (2022). Editorial: Board gender parity in 200 years or whether a board gender diversity issue is still on crossroad. Corporate Ownership and Control, 20(1), 4–5. https://doi.org/10.22495/cocv20i1editorial

      2023-01-10T09:57:04Z
       
  • Editorial: Good governance and regulation for humanity and no one is left
           behind in a turbulent situation

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      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 January 9, 2023.

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

      How to cite: Ali, M. M. (2022). Editorial: Good governance and regulation for humanity and no one is left behind in a turbulent situation [Special issue]. Journal of Governance and Regulation, 11(4), 198–200. https://doi.org/10.22495/jgrv11i4sieditorial

      2023-01-09T11:48:35Z
       
  • The experiences of facilitating foreign direct investment in a developing
           country: A comparative analysis of two local authorities

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

      Abstract

      The experiences of local authorities (LAs) with facilitating foreign direct investment (FDI) in developing countries are reported in isolation. Resultantly, there is no consolidated and comparative analysis of the above. While the impact of neo-liberalism and capitalism on the experiences of investment facilitating agencies (IFAs) such as LAs is recognised in literature (Kuswanto, Hoen, & Holzhacker, 2017; Minh, 2019), an empirical gap exists in demonstrating this impact. Using a comparative multiple case study analysis research design, this study relies on the qualitative research method to empirically compare and contrast the experiences of two Namibian LAs, Windhoek and Walvis Bay, with facilitating Ramatex Textiles Namibia (RTN) and Namibian Press and Tools (NPT) as FDIs, respectively. It similarly draws insights from the impact of neo-liberalism and capitalism on these LA experiences with FDI. Unstructured qualitative interviews were conducted with 13 purposely-selected key respondents and data were interpreted, analysed, and presented in themes. This study found that while the developmental experience of the Windhoek LA with RTN was largely negative, the Walvis Bay LAs experience with NPT was neutral. These experiences are largely linked to the neoliberalist and capitalist orientation of Namibian legislation that fails to adequately embrace sustainable FDI for local development.

      Keywords: Foreign Direct Investment, Capitalism, Neo-Liberalism, Development, Local Authorities, Namibia

      Authors' individual contribution: Conceptualisation — R.V.M.; Methodology — R.V.M.; Validation — R.V.M.; Formal Analysis — R.V.M.; Investigation — R.V.M.; Resources — R.V.M.; Writing — Original Draft — R.V.M.; Writing — Review & Editing — R.V.M., L.B., and O.K.-M.; Visualisation — R.V.M.; Project Administration — R.V.M.; Supervision — L.B. and O.K.-M.

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

      JEL Classification: H11, H75, H79, H83, K29, P12, P18

      Received: 13.06.2022
      Accepted: 04.01.2023
      Published online: 06.01.2023

      How to cite this paper: Marenga, R. V., Blaauw, L., & Kakujaha-Matundu, O. (2022). The experiences of facilitating foreign direct investment in a developing country: A comparative analysis of two local authorities [Special issue]. Corporate Governance and Organizational Behavior Review, 6(4), 388–401. https://doi.org/10.22495/cgobrv6i4sip18

      2023-01-06T14:53:10Z
       
  • Corporate governance: Study case of competitive intelligence practices in
           Moroccan SMEs

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

      Abstract

      Increasing uncertainty and volatility has affected small- and medium-sized enterprises (SMEs) resilience. Their competitiveness is no longer akin to macroeconomic factors but is very much impacted by asymmetric access to information. This is particularly relevant given the challenges posed by the digitalization of various business processes. In order to remain resilient and keep a competitive edge, SME owners/managers ought to make strategic decisions based on reliable and relevant information. There is then the need to consider adopting an information management-oriented approach such as competitive intelligence. Our study examines competitive intelligence practices across SMEs in Morocco, an area that is under research in this part of the world. Our research provides empirical evidence on how managers perceive competitive intelligence and the state of its practices in Moroccan SMEs. Our sample includes SMEs based in the Fez-Meknes region, northwest of Morocco, and operating across various sectors. Data was collected through semi-structured interviews with open-ended questions. Following the saturation principle, we conducted nine interviews. Our findings show that managers acknowledge the value of timely information and recognize its relevance to competitiveness. That said competitive intelligence practices remain embryonic and informal. Our research provides valuable initial insights for SME managers and policymakers alike but also to academics who are interested in developing the ecosystem of Moroccan SMEs.

      Keywords: Competitive Intelligence, Asymmetric Information, SMEs, Morocco

      Authors' individual contribution: Conceptualization — Z.K.; Methodology — Z.K.; Validation — Z.K.; Formal Analysis — Z.K.; Investigation — Z.K.; Resources — Z.K.; Data Curation — Z.K.; Writing — Original Draft — Z.K.; Writing — Review & Editing — A.A.; Visualization — Z.K. and A.A.; Supervision — A.A.; Project Administration — A.A.

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

      JEL Classification: D80, D83, O55

      Received: 26.10.2022
      Accepted: 03.01.2023
      Published online: 06.01.2023

      How to cite this paper: Kettani, Z., & Aljandali, A. (2022). Corporate governance: Study case of competitive intelligence practices in Moroccan SMEs. Corporate Ownership & Control, 20(1), 214–221. https://doi.org/10.22495/cocv20i1art19

      2023-01-06T13:17:27Z
       
  • Editorial: Current issues and future directions of risk governance

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      This issue of Risk Governance and Control: Financial Markets & Institutions journal was published on January 6, 2023.

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

      How to cite: Lodh, S. (2022). Editorial: Current issues and future directions of risk governance. Risk Governance and Control: Financial Markets & Institutions, 12(4), 4–6. https://doi.org/10.22495/rgcv12i4editorial

      2023-01-06T09:50:36Z
       
  • The political economy transition in a developing country

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      Abstract

      The current national economic and social development plan of the Lao People's Democratic Republic (Lao PDR) aims to promote economic development, shift the structure of the economy for modern industry, and foster the growth of culture and society (Luangrath, 2019). This results in the economic transition from a centralised economy to a market economy. Consequently, the purpose of this study is to investigate the variables that influence such transitions and the resulting modifications. To achieve these goals, qualitative data analysis, and in-depth interviews were conducted. The results demonstrate that such transition depends on both external (the role of Laos, the influence of China, and the roles of international organisations) and internal factors (mechanisms of state ideology, economic reform, legislation and regulations, and the adaptation of the country's leaders from one generation to the next). In response to the transitional economy, there are two essential changes, including capital groupings and state adjustments. The study proposes that investors interested in investing in Laos should research the country's ideological mechanism, new economic reform policies, legislation and regulations, and economic transition history in depth since these are essential elements contributing to the economy in transition.

      Keywords: Political Economy, Transition, Market Economy, Lao PDR

      Authors' individual contribution: Conceptualization — S.S., R.S., and P.C.; Methodology — S.S., R.S., and P.C.; Software — S.S.; Formal Analysis — S.S., R.S., and P.C.; Investigation — S.S.; Resources — R.S. and P.C.; Writing — Original Draft — S.S.; Writing — Review & Editing — S.S.; Visualization — R.S. and P.C.; Supervision — R.S. and P.C.

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

      Acknowledgements: The Authors acknowledge the assistance of Assoc. Prof. Sungsidh Piriyarangsan, Asst. Prof. Chatwarun Ongkasing, Asst. Prof. Bungon Poltechar, and Dr. Dhachakorn Thitiluck. The Authors also would like to thank Mr. Passaya M. Pholsena, assistant to the chief of Laos's Cabinet, and Mr. Sarawuth Kaewlalai, CEO of 3K Inter Packaging, as well as the Lao PDR's public agencies and CEO of the enterprise.

      JEL Classification: P26, P30, O11, F63, N13

      Received: 17.07.2022
      Accepted: 03.01.2023
      Published online: 05.01.2023

      How to cite this paper: Sarkorn, S., Sonsuphap, R., & Chantaworn, P. (2022). The political economy transition in a developing country [Special issue]. Corporate & Business Strategy Review, 3(2), 339–348. https://doi.org/10.22495/cbsrv3i2siart15

      2023-01-05T15:30:29Z
       
  • Governance of the right to privacy under administrative and penal
           legislation: An analytical study

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

      Abstract

      This research is concerned with the administrative and penal protection of the right to privacy under the United Arab Emirates (UAE) legislation, in comparison with the relevant Jordanian legislation. The purpose of this research is to clarify the concept of the right to privacy (Bennett & Raab, 2020), the important forms of violation of this right, its relation with governance (Rajaretnam, 2022), and the legal texts enacted and the amendments adopted in the respective countries in order to notice the strengths and weaknesses of these two laws and indicate opportunities for improvement. The research problem consists of the insufficient legal framework in the UAE and Jordan regarding the content and the means of the protection of this right. It is suggested that this goal is achieved by comparing the different laws adopted in these two countries. The main findings of the paper are that the UAE and Jordanian legislations need to be modified to comply with the new technologies due to the multiplicity of agencies supervising the protection of this right and the absence of a central authority. Finally, the study concludes that legislators in the UAE and Jordan should adopt measures of governance to ensure the effectiveness of the legal framework relating to this right.

      Keywords: Smartphone, Anti-Rumor and Cybercrime Law, Decree Regarding the Organization of the UAE Telecommunications Sector, Right to Privacy, Administrative Protection, Criminal Protection

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

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

      Acknowledgements: The Authors would like to acknowledge Al Ain University for its support.

      JEL Classification: K1, K14, K24, K100, L50

      Received: 08.05.2022
      Accepted: 30.12.2022
      Published online: 05.01.2023

      How to cite this paper: Alshawabkeh, F. A., & Shiyab, T. M. (2022). Governance of the right to privacy under administrative and penal legislation: An analytical study. Corporate Law & Governance Review, 4(2), 89–100. https://doi.org/10.22495/clgrv4i2p10

      2023-01-05T14:53:43Z
       
  • The nature of investment climate through a facet of public investment: The
           emerging market case

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

      Abstract

      The purpose of this article is to table the nature of investment climate through a perspective of public investment. The investment climate of a city is the responsibility of the city's municipal management (Biyase & Rooderick, 2018). Thus, this article provides insight into public investment in order to highlight the public sector's role to ensure a good investment climate. The article focuses on KwaZulu-Natal secondary cities, particularly Newcastle and the City of uMhlathuze (Richards Bay). This article followed a qualitative approach. Data was collected through semi-structured interviews. Thematic data analysis was adopted with the aid of NVivo version 12. Analysis and interpretation of the result are presented through models developed from NVivo. The key finding of this article discusses investment climate in secondary cities through the lance of the public sector's role in attracting investment by packaging effective investment incentives, planning and executing programs and projects to attract and retain investment, and targeting countries for inflow foreign direct investment based on the city's sectors, not political diplomacy. Moreover, key findings reveal that each of the identified cities has autonomous independence to package their own investment incentives to advance their investment climate. Respondents pointed out that Richards Bay has an industrial development zone that is aimed at attracting investors across the globe. Furthermore, respondents highlighted that the city has investment incentives, but they are not applicable to the city.

      Keywords: Investment Climate, Secondary Cities, Public Investment, Investment Incentives

      Authors' individual contribution: Coneptualization — S.M.; Software — S.M.; Validation — S.M.; Formal Analysis — S.M.; Investigation — S.M.; Resources — S.M.; Data Curation — S.M.; Writing — Original Draft — S.M.; Visualisation — S.M.; Supervision — P.M.; Project Administration — S.M.; Funding Acquisition — P.M.

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

      JEL Classification: H7, M0, O01

      Received: 15.02.2022
      Accepted: 03.01.2023
      Published online: 05.01.2023

      How to cite this paper: Mpanza, S., & Mashau, P. (2022). The nature of investment climate through a facet of public investment: The emerging market case [Special issue]. Corporate Governance and Organizational Behavior Review, 6(4), 374–387. https://doi.org/10.22495/cgobrv6i4sip17

      2023-01-05T14:39:08Z
       
 
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