Do State-Owned Enterprises Have Worse Corporate Governance? An Empirical Study of Corporate Practices in China

The aim of this paper is to examine the effect of cash, optimal cash holding, deviation from target cash (the target adjustment model) on the firm value. This research uses a sample of Indonesian publicly traded firms for the period 2001-2017 (3,349 observation). This paper uses a dynamic panel fixed effects model to estimate optimal cash holdings. Hypothesis testing uses GLS fixed effect and interaction effect uses regression moderated analysis. Research finds that: first, cash, optimal cash, and deviation from target cash have an effect on the firm value. Second, corporate governance moderates the effect of cash, optimal cash, and deviation from target cash on the firm value. Third, investment positively moderates the effect of cash on the firm value. Investment negatively moderates the effect of optimal cash, deviation from target cash on the firm value. Debt negatively moderates the effect of cash, optimal cash on the firm value. Debt positively moderates the effect of deviation from target cash on the firm value.

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The Impact of Religious Atmosphere on Corporate Governance: An Empirical Study Based on the Number of Temples around Listed Companies

Journal of Economics and Public Finance ◽

10.22158/jepf.v7n3p11 ◽

2021 ◽

Vol 7 (3) ◽

pp. p11

Author(s):

Kaikai Liu ◽

Xinyi Wang ◽

Jingjing Liang

Keyword(s):

Corporate Governance ◽

Empirical Study ◽

Religious Belief ◽

Religious Tradition ◽

Active Role ◽

Listed Companies ◽

Economic Behavior ◽

Risk Averse ◽

Religious Traditions ◽

The Impact

Religious belief can affect individual’s behavior. It usually induces managers to be more risk averse, thereby mitigating the agency problem and positively influencing governance. This paper conducts an empirical study to analysis the effect of religious atmosphere on corporate governance. It could be figured out that strong religious atmosphere plays an active role in corporate governance. The stronger the influence of religious tradition on listed companies, the less likely the managers are to violate the rules. Through precepts and deeds, these religious traditions are passed on from generation to generation and have become a significant factor affecting human economic behavior.

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An Empirical Study of the Impact of Corporate Governance on RaD Investment Expenditure Based on Guangdong High-tech Enterprises

Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017) ◽

10.2991/msmi-17.2017.15 ◽

2017 ◽

Author(s):

Pengyi Yu ◽

Ruixian Li ◽

Shuting Fang

Keyword(s):

Corporate Governance ◽

Empirical Study ◽

High Tech ◽

Investment Expenditure ◽

The Impact

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THE EFFECT OF INTERNAL AND EXTERNAL FACTORS TO AUDIT DELAY AND TIMELINESS (Empirical Study From Real Estate, and Property Company In Indonesia)

Jurnal Riset Akuntansi Dan Bisnis Airlangga ◽

10.31093/jraba.v2i1.25 ◽

2017 ◽

Vol 2 (1) ◽

Author(s):

Rizal Mawardi

Keyword(s):

Corporate Governance ◽

Real Estate ◽

Empirical Study ◽

External Factors ◽

Good Corporate Governance ◽

Internal And External Factors

Implementasi Good Corporate Governance (GCG) yang menekankan pentingnya transparansi dan akuntabilitas publik dalam pelaksanaan audit sehingga dalam proses audit membutuhkan jangka waktu yang cukup lama agar menghasilkan kualitas opini yang baik. Informasi keuangan lebih banyak memiliki nilai bagi pengguna laporan keuangan bila disajikan tepat waktu. Terdapat beberapa faktor yang menyebabkan meningkatnya waktu pengauditan (Audit Delay) yang menyebabkan penundaan kelayakan pelaporan keuangan (Timeliness). Peneliti melihat adanya faktor internal dan eksternal perusahaan yang mempengaruhi lamanya waktu pengauditan dan ketepatan waktu pelaporan keuangan. Populasi dan Sampel penelitian ini yaitu pada perusahaan yang menerbitkan Laporan Keuangan di Bursa Efek Indonesia (BEI) tahun 2012-2014. Tekhnik Analsis yang digunakan adalah menggunakan uji statistika Regresi Berganda. Hasil penelitian menunjukan bahwa faktor Internal saja yang mempengaruhi secara signifikan Audit Delay yaitu Profitabilitas, Solvabilitas dan Ukuran Perusahaan, sedangkan untuk variabel Timeliness, faktor yang mempengaruhi secara signifikan yaitu Tingkat Profitabilitas, Solvablitas dan Ukuran Kantor Akuntan Publik. Penelitian ini diharapkan mampu memberikan penambahan pandangan untuk literatur Penundaan Audit dan Ketepatan Pelaporan Keuangan.Keyword : Faktor Internal, Faktor Eksternal, Audit Delay, Timeliness

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