Market risk disclosures and corporate governance structure: Evidence from GCC financial firms

2019 ◽  
Vol 73 ◽  
pp. 136-150 ◽  
Author(s):  
Ahmed Al-Hadi ◽  
Khamis Hamed Al-Yahyaee ◽  
Syed Mujahid Hussain ◽  
Grantley Taylor
Keyword(s):  
Corporate Governance ◽  
Governance Structure ◽  
Market Risk ◽  
Corporate Governance Structure ◽  
Financial Firms ◽  
Market Risk Disclosures ◽  
Risk Disclosures

Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms

2017 ◽  
Vol 25 (19) ◽  
pp. 1346-1350 ◽  
Author(s):  
Ahmed Al-Hadi ◽  
Khamis Hamed Al-Yahyaee ◽  
Syed Mujahid Hussain ◽  
Grantley Taylor
Keyword(s):  
Corporate Governance ◽  
Governance Structure ◽  
Market Risk ◽  
Political Connections ◽  
Corporate Governance Structure ◽  
Market Risk Disclosures ◽  
Risk Disclosures

scholarly journals Determinantes da divulgação de informações de risco de mercado por empresas não financeiras

2017 ◽  
Vol 16 (2) ◽  
pp. 729-756 ◽  
Author(s):  
Benedito Manoel do Nascimento Costa ◽  
Paulo Henrique Leal ◽  
Vera Maria Rodrigues Ponte
Keyword(s):  
Market Risk ◽  
Risk Level ◽  
Check List ◽  
Qualitative And Quantitative ◽  
Financial Firms ◽  
Market Risks ◽  
Disclosure Requirements ◽  
The Social ◽  
Market Risk Disclosures ◽  
Risk Disclosures

Resumo Neste estudo teve-se como objetivo identificar os fatores determinantes do nível de observância de empresas não financeiras às exigências de divulgação definidas no CPC 40 (R1). Nesse sentido, foram analisadas as notas explicativas das 113 empresas não financeiras listadas no segmento Novo Mercado da BM&FBovespa, referentes ao exercício social de 2013. Trata-se de estudo descritivo com abordagem qualitativa e quantitativa. Preliminarmente, por meio de pesquisa documental, foram identificadas as informações de riscos de mercado divulgadas, utilizando-se check-list desenvolvido a partir de disposições constantes do Pronunciamento Técnico CPC 40 (R1) – Instrumentos Financeiros: Evidenciação, verificando-se que o número de divulgações de riscos de mercado das empresas é inferior a 50% do requerido pelo normativo contábil. Em seguida, foram realizadas análises estatísticas de correlação e regressão linear com o intuito de verificar os fatores das empresas associados à divulgação de seus riscos de mercado. Com base nos resultados obtidos, verificou-se que os fatores “nível de risco”, “tamanho” e “setor de atuação” são significativos para explicar o cumprimento das empresas não financeiras às exigências definidas no CPC 40 (R1). Além disso, os resultados fornecem suporte para a aceitação da hipótese, mostrando que empresas com maior nível de risco divulgam mais informações sobre risco de mercado.Palavras-chave: Divulgação. Informações. Risco de mercado. CPC 40 (R1). Empresas não financeiras. Abstract This study aimed to identify the determinants of the level of observance by non-financial companies to the disclosure requirements set out in CPC 40 (R1). That sense, it was analyzed the explanatory notes to the 113 non-financial companies listed on the New Market segment of the BM&FBovespa relative the social year 2013. It is a descriptive study with qualitative and quantitative approach. Preliminarily, through documentary research,  the disclosure of market risk information  were identified, using check-list developed from the provisions of CPC 40 (R1) – Financial Instruments: Disclosure, verifying that the number of market risk disclosures in the company is less than 50% of required by regulatory accounting. Then, statistical analyzes were performed correlation and linear regression in order to identify factors associated companies to the disclosure of their market risks. Based on the results obtained, it was found that the factors “level of risk”, “size” and “Sector of activity” this are significant to explain the performance of non-financial firms with the requirements set out in CPC 40 (R1). Furthermore, the results provide support for acceptance of the hypothesis by showing that companies with the highest risk level disclosure more information about market risk.Keywords: Disclosure. Information. Market risk. CPC 40 (R1). Non-financial companies.

Do Cash Holding and Corporate Governance Structure Matter for the Performance of Firms? Evidence from KMI 30- and KSE 100-Indexed Firms in Pakistan

2019 ◽  
Vol 20 (2) ◽  
pp. 313-330 ◽  
Author(s):  
Ejaz Aslam ◽  
Rukhsana Kalim ◽  
Sadia Fizza
Keyword(s):  
Corporate Governance ◽  
Significant Relationship ◽  
Stock Exchange ◽  
Governance Structure ◽  
Share Price ◽  
Cash Holding ◽  
Corporate Governance Structure ◽  
Financial Firms ◽  
Earnings Per Share ◽  
Combined Impact

The objective of the study is to investigate the combined impact of cash holding and corporate governance on the performance of non-financial firms. The sample consists of 30 Islamic-based firms from Karachi Meezan Index (KMI) 30 index and 42 non-Islamic firms from Karachi Stock Exchange (KSE) 100 index in Pakistan over the period of 2010–2014. The results show that corporate cash holding has negative and significant relationship with earnings per share and returns on assets (EPS and ROA), while it has a positive and statistically significant relationship with Tobin’s Q and market share price (TQ, MSP) in both KMI 30- and KSE 100-indexed firms. In addition, we find that the structure of corporate governance is poorly performed in KMI 30- and KSE 100-indexed firms. This poor governance structure leads to the firms dispelling cash quickly, which significantly reduces the performance of these firms. So the firms can increase their performance by establishing effective corporate governance structure.

CORPORATE GOVERNANCE IN THE 19TH CENTURY: EVIDENCE FROM THE CHESAPEAKE AND OHIO CANAL COMPANY

2009 ◽  
Vol 36 (2) ◽  
pp. 113-137 ◽  
Author(s):  
Robert W. Russ ◽  
Gary John Previts ◽  
Edward N. Coffman
Keyword(s):  
Corporate Governance ◽  
19Th Century ◽  
Annual Report ◽  
Governance Structure ◽  
Review Committee ◽  
Corporate Governance Structure ◽  
Theoretical Structure ◽  
The 19Th Century ◽  
The U.S

Presenting evidence from a 19th century corporation, the Chesapeake and Ohio Canal Company (C&O), the paper shows that issues of corporate governance have existed since the first corporations were established in the U.S. The C&O used a stockholder review committee to review the annual report of the president and directors. The paper shows how the C&O stockholders used this committee to supplement the corporate governance structure. The corporate governance structure of the C&O is also viewed from a theoretical structure as espoused by Hart [1995].

THE STOCKHOLDER REVIEW COMMITTEE OF THE CHESAPEAKE AND OHIO CANAL COMPANY, 1828–1857: EVIDENCE OF CHANGES IN FINANCIAL REPORTING AND CORPORATE GOVERNANCE

2006 ◽  
Vol 33 (1) ◽  
pp. 125-143 ◽  
Author(s):  
Robert W. Russ ◽  
Gary J. Previts ◽  
Edward N. Coffman
Keyword(s):  
Corporate Governance ◽  
19Th Century ◽  
Financial Reporting ◽  
Financial Management ◽  
Governance Structure ◽  
The Political ◽  
Review Committee ◽  
Corporate Governance Structure ◽  
Corporate Form ◽  
The 19Th Century

Canal companies were among the first enterprises to be organized in the corporate form and to require large amounts of capital. This paper examines the stockholder review committee of a 19th century corporation, the Chesapeake and Ohio Canal Company (C&O), and discusses how the C&O used this corporate governance structure to monitor and improve financial management and operations. A major strength was the concern and dedication of the stockholders to the company, while a major weakness was the political control exerted by the State of Maryland. The paper provides an historical perspective on corporate governance in the 19th century. This research contributes to the literature by providing detailed workings and practices of a stockholder review committee. The paper documents corporate governance efforts in archival sources that provide an early example of accountability required in a corporate charter and the manner in which the stockholders carried out this responsibility.

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