Towards Human Values, Ethics and Positive Emotion in Good Governance: A Reliability Test of Good Governance Index Model

2020 ◽  
pp. 421-429
Author(s):  
Nor Hafizah Ibrahim ◽  
Azida Azmi ◽  
Anitawati Mohd Lokman
Keyword(s):  
Positive Emotion ◽  
Good Governance ◽  
Human Values ◽  
Reliability Test ◽  
Index Model ◽  
Governance Index

Corporate governance and firm performance: empirical evidence from Pakistan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Farooq ◽  
Amna Noor ◽  
Shoukat Ali
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Firm Size ◽  
Good Governance ◽  
Positive Impact ◽  
Least Square ◽  
Local Context ◽  
Content Type ◽  
Governance Index ◽  
Governance Quality

Purpose The purpose of this research is to look into the governance–performance relationship in the context of critical firm characteristics, such as firm size. Design/methodology/approach Based on total assets, sample firms were classified as small or large. The governance index, which is based on 29 governance provisions covering the audit committee, board committee, ownership and compensation structure of the respective firm, measures governance quality among sample firms. A higher governance index indicates a higher level of governance quality and vice versa. Accounting and market value measures are used to determine firm profitability. The authors used the two-stage least square (2SLS) method of estimation of the model to eliminate the simultaneous equation bias. Findings Corporate governance (CG) appears to have a positive impact on accounting return and market indices (Tobin’s Q), but it has little impact on return on equity. In terms of firm size, larger companies profited more from better governance implementation than smaller firms that lacked these principles, thus improving CG. The findings indicate that small businesses should improve their governance mechanisms to reap the benefits of CG in terms of increased profitability. Research limitations/implications There are certain drawbacks to this research. First, the authors omitted qualitative aspects of CG from the CG index, such as the board’s decision-making process, directors’ perceptions of the board’s position and directors’ age and qualifications. Such a qualitative component will improve the governance index in the future while building the governance index. Second, as the current study only looks at the nonfinancial sector, caution should be exercised before applying the findings to the entire population. Practical implications The findings show that companies that follow good governance standards have better accounting and market efficiency than those that do not. As a result, good governance practices can help firms in developing countries improve their performance. Academic researchers, regulators, investors, lenders and practitioners can find the findings useful in establishing a true relationship between firm performance and CG practices in Pakistan. Originality/value The relationship between governance and profitability in the context of firm size is examined in this research. Firms with varying resources and ability to implement CG codes have varying effects on profitability. To the authors’ knowledge, there was a gap in the literature that addressed this topic in the local context.

scholarly journals PEMAHAMAN APARATUR PEMERINTAH TERHADAP PENERAPAN AKUNTANSI KEUANGAN DEMI TERCIPTANYA GOOD GOVERNANCE

2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Herlin ◽  
Yanto Effendi
Keyword(s):  
Human Resources ◽  
Good Governance ◽  
Educational Background ◽  
Financial Accounting ◽  
Reliability Test ◽  
Alpha Coefficient ◽  
Government Officials ◽  
R Value ◽  
Level Of Understanding ◽  
And Training

Herlin dan Yanto Effendi: The purpose of this study to determine the understanding of government apparatus in the area of financial accounting application in order to realize good governance. Government Personnel Rejang Lebong still has a bit of an apparatus / HR background in accounting, from 25 respondents, only 9 respondents (36%) accounting background and the rest comes from other disciplines.The results showed that the correlation obtained the r value of 0, 203 a positive correlation between the variables x and y variables where the value of r lies in the interval 0 <r <1, and has a level of low relation because r value lies in the interval coefficient of 0, 20 -, 399. Reliability test alpha value of 0.60 is said to be reliable so that the new variable of educational background alpha coefficient of 0.6123, the education and training of alpha coefficient of 0.622 and Awareness Regional Financial Accounting alpha coefficient of 0.710. T-count value <the t-table, t-count equal to 3,699 while the t-table at significant level of 0.05% t-table of 4,946, this means that the level of understanding of government officials in Rejang Lebong specifically the application of financial accounting still weak or low , so they need to increase human resources through education, training, and understanding of financial accounting has become a standard government.Key words: Good Governance.

Determinants of Governance Parameters Towards Investor’s Performance in Perspective of Regulatory and Legal Framework

2020 ◽  
pp. 097215091987537
Author(s):  
Jiban Kumar Parida ◽  
Vishal Vyas
Keyword(s):  
Factor Analysis ◽  
Good Governance ◽  
Causal Effect ◽  
Investment Decision ◽  
Legal Framework ◽  
Governance System ◽  
Related Factors ◽  
Investment Decision Making ◽  
Governance Index ◽  
Investment Experience

The study aims to extract the main determinants of governance index in relation to regulatory and legal framework, which influence the performance of investors in larger way. The driver of governance factors has been studied and tested empirically by using factor analysis method (Exploratory Factor Analysis). To achieve this, Quantitative data have been collected by distributing questionnaire to a suitable sample size of 317 respondents who have at least 3 years of investment experience in Indian stock market and data collection period was over last 6 month of 2017. For preparing the questionnaire, the study considers the corporate governance index scale by Standard & Poor’s agency which was worldwide accepted. The study provides a useful direction to retail investors, investment professionals/planners and companies regarding the knowledge about governance-related factors that are specific to the causal effect between mentioned governance construct and market returns. Further it implies that good governance system helps investors during their investment decision-making process particularly in emerging markets for getting higher return, money protection and deterrence from fraudulent market activities.

scholarly journals Corporate Governance in Russian electric power industry in terms of consumer requirements to its funding sources

2018 ◽  
Vol 58 ◽  
pp. 02004
Author(s):  
G.I. Sheveleva
Keyword(s):  
Power Generation ◽  
Corporate Governance ◽  
Information Disclosure ◽  
Good Governance ◽  
Electric Power Industry ◽  
Transparency International ◽  
Governance Index ◽  
Governance Quality ◽  
Corporate Governance Quality ◽  
International Good

The paper highlights a strong interest of energy consumers in attracting investment in the development of Russian power generation companies. The importance of corporate governance for enhancing the investment attractiveness of these companies is emphasized. An in-depth evaluation of their current corporate practices was carried out within the framework of the existing ownership structure. The study identified the indicators of corporate governance quality for the benefit of modern investors that are the least observed by the overwhelming majority of power companies. The indicators were obtained on the basis of whether or not the companies satisfy the criteria of the new Russian Corporate Governance Code, and the criteria of the methodologies of Standard & Poor’s, Spencer Stuart and Transparency International. The study shows a slight increase in the transparency of the companies in the post-reform period and compares it with the information disclosure by the major corporations of Great Britain, the USA and Europe. The study shows high correlation of the approach and composition of the identified indicators of the corporate governance quality for Russian power generation companies with the 2017 Russian Corporate Governance Index. This Index is based on the international Good Governance Index methodology adapted to the Russian conditions.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI KEPATUHAN WAJIB PAJAK PADA KKP PRATAMA MAJALAYA

2018 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
Andy Lasmana ◽  
Dea Azmi Wiryanti
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Multiple Regression Analysis ◽  
Sampling Methods ◽  
Good Governance ◽  
Tax Compliance ◽  
Test Reliability ◽  
Coefficient Of Determination ◽  
Reliability Test ◽  
Tax Amnesty

This research was intended to analyze the effect of sunset policy, tax amnesty, and good governance on taxpayer compliance in Majalaya primary tax office. The population in this study are all registered taxpayer (corporate and individual taxpayer) in Majalaya primary tax office. The number of samples in this study amounted to 110 respondents. Sampling was done using probability sampling methods. Method of data analysis used in this research was by using validity test, reliability test, classic assumption test, multiple regression analysis, the coefficient of correlation, the coefficient of determination (R2 test), F-test, and t-test. Based on researches results, it can be concluded that simultaneously sunset policy, tax amnesty and good governance have an effect on taxpayer compliance. While partially, sunset policy and tax amnesty hasn’t effect on taxpayer compliance, different from good governance which have positive and significant impact to taxpayer compliance.Keywords : sunset policy, tax amnesty, good governance, dan tax compliance

scholarly journals Determinants of Economic Growth in Organization of Islamic Cooperation with Governance Index as a Moderating Variable

2021 ◽  
Vol 04 (08) ◽  
Author(s):  
Akmal Ihsan ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Good Governance ◽  
Trade Openness ◽  
Generalized Method Of Moments ◽  
Negative Influence ◽  
Statistical Testing ◽  
Governance Index ◽  
Determinants Of Economic Growth

This study seeks to explore and investigate the influence of foreign direct investment, remittances, and trade openness on economic growth in the Organization of Islamic Cooperation with governance index as a moderating variable in 2005-2019. Moderated Regression Analysis analysis is used to analyze governance index variables. The use of Generalized Least Square and Generalized Method of Moments is used to determine which method is best. Sargant level of significance and value showed GMM more precisely in this study. The results of statistical testing show that all independent variables have a significant positive influence on economic growth except foreign direct investment which has a significant negative influence. This negative influence is due to the instability of investment flows. In addition, governance index can moderate foreign direct investment, remittances, and trade openness in its influence on economic growth.Thus, it can be concluded that to increase economic growth, the need for good governance index so that economic growth in the Organization of Islamic Cooperation is increasing.

Can We Expect More than Symbolic Support?

2010 ◽  
Vol 53 (2) ◽  
pp. 6-11
Author(s):  
Bereket Habte Selassie
Keyword(s):  
United States ◽  
African American ◽  
United States Of America ◽  
American Politics ◽  
Good Governance ◽  
The United States ◽  
Human Values ◽  
American Presidency ◽  
The Third ◽  
The World

When I think about the extraordinary writing and speaking phenomenon by the name of Barack Obama, who also happens to be the President of the United States of America, the most powerful country in the world, I can't help asking myself, what can he do for Africa? I ask this not only because he is a son of Africa, but also because I hear in his speeches the words of a man deeply committed to human values, and therefore concerned with the predicament of Africa's people in this age of globalization.As the first African American elected to the American presidency, Obama represents an extraordinary symbolic change in American politics. No one can underestimate the symbolic significance of his election. Nor should it be considered purely a matter of symbolism; a changing of the guard at the top necessarily involves—or should involve—implications of substantive change. There is the rub—can we expect substantive change of any significance from his election, given the nature and structure of American politics and society?In connection with that question it is fair to ask: what does the Age of Obama portend for Africa? Two related questions arise concerning this: first, what should Obama do for Africa, and second, what can he do for Africa? As to the first question, what Obama should do for Africa is linked to Africa's need; and we can spend a whole day talking about that and not exhaust it. On the basis of Obama's speeches, including especially his Accra speech of July 11, 2009, and our own sense of Africa's needs, I offer three primary talking points that embrace a set of values or goals upon which all government systems should be based. The first is peace and stability, the second is sustainable economic development and social justice, and the third is democracy and good governance—not necessarily in that order.

scholarly journals Measuring the Governance in Pakistan: An Introduction to KU Index // Mjeрeњe упрaвљaњa у Пaкистaну: Представљање KU индекса

2014 ◽  
Vol 12 (21) ◽  
pp. 23
Author(s):  
Rana Ejaz Ali Khan ◽  
Shafqut Ullah
Keyword(s):  
Public Sector ◽  
Good Governance ◽  
National Level ◽  
Environmental Indicators ◽  
Socioeconomic Indicators ◽  
Five Dimensions ◽  
Public Sector Reforms ◽  
Governance Index ◽  
Numeric Estimation ◽  
Political Economic

Summary: The governance at the national level has commonly been measured as poor or good governance by researchers in the area of public sector reforms. They have rarely attempted the numeric estimation of the concept but used different socioeconomic indicators as proxies. Governance is a multidimensional concept that cannot be accurately elaborated by a single indicator. In the literature there exists a gap for gauging the governance in the form of an index. The current study has attempted to ameliorate different dimensions of governance by including forty two social, political, economic, demographic and environmental indicators. These indicators are firstly merged into thirteen sub-dimensions and then into five dimensions. The dimensions have been transformed in to governance index. The trend of the index shows that governance has not only progressed very slowly but it remained desperate in the study period. The contribution of this study is to provide governance index named KU index for Pakistan in annual time series for the years 1980-81 to 2010-2011. The index explained the level of governance in different eras and is ultimately connected with public sector reforms. It can be used by researchers as an explanatory factor for various political, socioeconomic and regional strategic phenomenon. Furthermore, the criterion of estimation of governance may be adopted for other economies and comparative analysis may be done.Рeзимe: Упрaвљaњe нa нaциoнaлнoм нивoу je oбичнo oцjeњивaнo oд стрaнe истрaживaчa у oблaсти рeфoрми jaвнoг сeктoрa кao дoбрo или лoшe. Oни су риjeткo пoкушaвaли нумeричку прoцjeну кoнцeптa, вeћ су кoристили рaзличитe сoциo-eкoнoмскe пoкaзaтeљe кao приближнe вриjeднoсти. Упрaвљaњe je мултидимeнзиoнaлни кoнцeпт кojи сe нe мoжe прeцизнo oбjaснити сaмo jeдним индикaтoрoм. У литeрaтури пoстojи jaз у мjeрeњу упрaвљaњa у oблику индeксa. Tрeнутнa студиja je пoкушaлa ублaжити рaзличитe димeнзиje упрaвљaњa укључуjући чeтрдeсeт двa друштвeнa, пoлитичкa, eкoнoмскa, дeмoгрaфскa и eкoлoшкa пoкaзaтeљa. Oви пoкaзaтeљи су првo спojeни у тринaeст пoддимeнзиja и oндa у пeт димeнзиja. Димeнзиje су прeтвoрeнe у индeкс упрaвљaњa. Tрeнд индeксa пoкaзуje дa je упрaвљaњe нe сaмo нaпрeдoвaлo врлo спoрo, вeћ je билo лoшe у пoсмaтрaнoм пeриoду. Дoпринoс oвe студиje je oмoгућити индeкс упрaвљaњa пoд нaзивoм KU индeкс Пaкистaнa зa гoдишњe пeриoдe: 1980-1981. и 2010-2011. Индeкс je oбjaсниo нивoe упрaвљaњa у рaзличитим пeриoдимa, тe je пoвeзaн с рeфoрмaмa jaвнoг сeктoрa. Moжe сe кoристити oд стрaнe истрaживaчa кao oбjaшњaвajући фaктoр зa рaзнe пoлитичкe, друштвeнo-eкoнoмскe и рeгиoнaлнe стрaтeшкe фeнoмeнe. Нaдaљe, критeриjум прoцjeнe упрaвљaњa мoжe бити усвojeн зa другe eкoнoмиje и мoгу сe урaдити кoмпaрaтивнe aнaлизe.

scholarly journals Public Sector Audit, Transparency and Good Governance on Financial Accountability of Public Sector Entities in Rivers State, Nigeria

2021 ◽  
Vol 4 (3) ◽  
pp. 15-38
Author(s):  
Appah E. ◽  
Onowu J.U. ◽  
Adamu A.J.
Keyword(s):  
Public Sector ◽  
Good Governance ◽  
Sample Size Determination ◽  
Financial Accountability ◽  
Governance Index ◽  
Financial Audit ◽  
Compliance Audit ◽  
Performance Audit ◽  
Financial Transparency ◽  
Rivers State

This study investigated the effects of public sector audit, good governance and financial transparency on financial accountability of twenty – six (26) ministries in the Rivers State Civil Service. The study employed cross sectional survey research design. The population consisted of twenty – eight ministries and the Taro Yamene model was used for sample size determination while simple random sampling was employed. The study used primary and secondary sources of data collection. Questionnaire was the primary source of data collections after the application of content and face validity while Cronbach alpha was employed to test the reliability of the instrument. The dependent variable was financial accountability index while the independent variables consisted of financial audit index, performance audit index, compliance audit index, good governance index and financial transparency index. The responses obtained from the questionnaire were analysed with univariate, bivariate and multivariate analysis. The multiple regression analysis suggested that there is a positive and significant relationship between financial audit index, performance audit index, compliance audit index, good governance index and financial transparency index on accountability in public sectors in Rivers State. The study concluded that public sector audit, good governance and financial transparency promote financial accountability in the Nigerian public sector. Therefore, the following recommendations were provided amongst others that The Accounting Officers in government Ministries, Department and Agencies (MDA) should carry out government business in accordance with accountability, transparency, effectiveness and efficiency, responsiveness, forward vision and rule of law for the welfare of the citizens.

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