Employee Share Ownership, Employment Relationships and Corporate Governance

Author(s):  
Andrew Pendleton
2017 ◽  
Vol 17 (4) ◽  
pp. 678-699 ◽  
Author(s):  
Lyton Chithambo ◽  
Venancio Tauringana

Purpose The purpose of this paper is to investigate whether four corporate governance mechanisms (board size, non-executive directors, ownership concentration and directors’ share ownership) influence the extent of greenhouse gas (GHG) disclosure. Design/methodology/approach The study uses a mixed-methods approach based on a sample of 62 FTSE 1,000 firms. Firstly, the authors surveyed the senior management of 62 UK-listed firms in the FTSE 1,000 index to determine whether the corporate governance mechanisms influence their GHG disclosure decisions. Secondly, the authors used ordinary least squares (OLS) regression to model the relationship between the corporate governance mechanisms and GHG disclosure scores of the 62 firms. Findings The survey and OLS regression results both suggest that corporate governance mechanisms (board size and NEDs) do not influence GHG disclosures. However, the results of the two approaches differ, in that the survey results suggest that corporate governance mechanisms (ownership concentration and directors’ share ownership) do not influence the extent of GHG disclosure, while the opposite is true with the OLS regression results. Research limitations/implications The sample size of 62 firms is small which could affect the generalisability of the study. The mixed results mean that more mixed-methods approach is needed to improve the understanding of the role of corporate governance in GHG disclosures. Originality/value The use of mixed-methods to examine whether corporate governance mechanisms determine the extent of GHG voluntary disclosure provides additional insights not provided in prior studies.


2019 ◽  
Vol 11 (1) ◽  
pp. 9
Author(s):  
Yulita Setiawanta

This study aims to find out explicitly whether good corporate governance is able to moderate the relationship between financial performance and firm value that occurs in companies listed on the Indonesian stock exchange. Research was conducted on food and beverage companies in 2008 - 2017. The 10-year observation period obtained 50 observational data. By using Warppls 6.0 in processing observational data, the results show that financial performance has an influence on the value of the company. This research also proves that good corporate governance proxied by share ownership by company leaders is able to positively moderate the effect of financial performance on firm value, but not for institutional share ownership. In this case it can be said that the greater the dominance of the owner in corporate governance, the more positive the opportunity to obtain financial performance and the firm value becomes easier to achieve. 


2006 ◽  
Vol 67 (4) ◽  
Author(s):  
Douglas G. Gruener

While the 1990s is frequently referred to as Japan’s “lost decade” because of the nation’s economic underperformance and weak structures for corporate governance, the past few years have shown a business environment that is in the midst of significant transition. Most importantly, Japan is experiencing a boom in mergers and acquisitions (M&A), with the first half of 2005 alone accounting for an aggregate value of $108.9 billion in Japanese M&A transactions (greater than the $108.5 billion of deal value accumulated in all of 2004). Among the major factors contributing to this trend are the improved cash positions of many companies, a record level of foreign share ownership that has helped strengthen shareholder activism, and, perhaps most significantly, the gradual unwinding of stable cross-shareholding relationships that were previously a staple of Japanese corporate strategy and stability.


2014 ◽  
Vol 12 (1) ◽  
pp. 742-758 ◽  
Author(s):  
Alexander H. Gnutti ◽  
John D. Martin ◽  
J. Douglas Ramsey

We analyze voting support for shareholder sponsored corporate governance proposals. Specifically, we study the impact of institutional share ownership, board structure, firm size, historical share performance, and proposal sponsor on the proportion of yes votes received. We use data from 253 shareholder proposals that came to a vote in 2013 for our analysis. Among our findings are the following: (1) pension funds sponsored 14 of the 20 proposals receiving the highest level of voting support while individuals and labor unions sponsored 16 of the 20 proposals receiving the lowest voting support; (2) firms with a classified board received higher proposal support than those without a classified board; (3) firms with a higher percentage of institutional ownership received greater voter support, and (4) firm size was inversely related to voting support


2020 ◽  
Vol 4 (1) ◽  
pp. 50
Author(s):  
Muhammad Jamil ◽  
Teuku Muana Refi

This study analyzes the functional relationship between the efficiency of Islamic Commercial Banks (BUS) and the implementation of good corporate governance (GCG) as a variable predictor. Using panel dataset of 6 BUS listed on the Indonesia Stock Exchange during the 2014-2018 period, the fixed effect panel regression model was used to analyze the relationship between variables. This study proves that the simultaneous implementation of GCG consisting of the proportion of share ownership, size of board, and board composition have a significant effect on the efficiency of BUS. Partially, the proportion of share ownership and the boad composition have a positive and significant effect, on the other hand, the board size has no significant effect on the efficiency of BUS. Keywords: Efficiency of sharia commercial bank, implementation of GCG and panel regression


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