Do Pakistani Corporate Governance reforms restore the relationship of trust on banking sector through good governance and disclosure practices

Purpose – The purpose of this paper is to evaluate the impact of corporate governance reforms in Italy. Design/methodology/approach – The authors argue that the effectiveness of corporate governance can best be assessed with reference to the choices made by management or controlling shareholders. They use the curtailment of earnings management as a desirable and measureable outcome of good corporate governance to assess Italy’s progress since the 1990s. The UK is used as a reference point because it is a European Union (EU) economy of comparable size and there is evidence that its firms managed earnings to a much lesser extent than their counterparts in Italy in the 1990s. A matched sample of UK and Italian firms was used for the empirical analysis. Findings – It was found that in contrast to the situation in the 1990s, firms in Italy do not manage earnings to a greater extent than their UK counterparts after the corporate governance reforms. In addition, firm-level governance has a greater effect on earnings management in Italy than in the UK. The authors attribute this to firm-level governance compensating for deficiencies in national institutions. Research limitations/implications – The restriction of earnings management is just one positive consequence of good governance. Other positive outcomes require to be studied to form a complete picture of the impact of governance reforms in Italy. Originality/value – This paper is the first to use an outcome-driven approach to evaluate the impact of governance reforms.

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Corporate governance reforms in Greece and Cyprus

Corporate Ownership and Control ◽

10.22495/cocv7i1c1p3 ◽

2009 ◽

Vol 7 (1) ◽

pp. 173-191 ◽

Cited By ~ 1

Author(s):

Marina Stefou

Keyword(s):

Corporate Governance ◽

Best Practices ◽

Good Governance ◽

Legal Framework ◽

Company Law ◽

Geographical Proximity ◽

Cultural Aspects ◽

Corporate Governance Reforms ◽

European Corporate Governance ◽

Governance Reforms

The recent International and European reforms concerning corporate governance and the need for effective capital markets “dictated” a reform in company law and corporate governance regimes in Greece and Cyprus. The latter are both small or medium sized markets, based on family owned companies and banks. Despite the cultural link between the aforesaid countries and their geographical proximity, their approach towards the adoption of corporate governance principles and best practices is not similar and depicts a difference due to historical and political reasons. This paper has two objectives, namely: i) to present the main aspects of corporate governance in Greece and Cyprus and the basic legal framework implementing the fundamental principles of good governance and ii) to attend an evaluation of these regimes and integrate them within the international and European debate of reforming corporate governance, while in the meantime, to strike out the different choice of legal tools in implementing corporate governance. Firstly, I will review the Greek corporate governance legal framework. Secondly, I will describe the equivalent regime in Cyprus and finally, I will summarize the overall findings in an attempt to compare and assess them in a more critical way, with reference to cultural aspects of corporate governance and as regards the international and European corporate governance framework applied.

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A critical review of relationship between corporate governance and firm performance: GCC banking sector perspective

Corporate Governance ◽

10.1108/cg-04-2013-0048 ◽

2015 ◽

Vol 15 (1) ◽

pp. 18-30 ◽

Cited By ~ 17

Author(s):

Tamanna Abdul Rahman Dalwai ◽

Rohaida Basiruddin ◽

Siti Zaleha Abdul Rasid

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Banking Sector ◽

Future Research ◽

Governance Mechanism ◽

Content Type ◽

Conventional Banks ◽

Relationship Of ◽

The Impact ◽

The Relationship

Purpose – The purpose of this paper is to evaluate existing studies on the relationship of corporate governance with firm performance in different regions and address the need for similar analysis for the Gulf Coperation Council (GCC) sector. The banking sector comprises the conventional and Islamic banks in the GCC sector and is important due to their ability to bring stability to this region. Existing studies that measure the relationship of GCC sector conventional banks and firm performance are limited. This study proposes a need for future research on corporate governance in the GCC region. Design/methodology/approach – This paper will review and analyze the different empirical and theoretical contributions in establishing the relationship between corporate governance and firm performance. Findings – This paper will create a focus for future research of measuring the impact of corporate governance mechanism on firm performance. The regulators will be encouraged to focus on more research studies for the GCC sector development in the field of corporate governance of the banking sector. Research limitations/implications – The existing studies are valid and practicable for the region under study, and the results need not be applicable for other business environments. In addition, the evolving business and economic environment have always brought about inconsistent conclusions; thus, the period of study can always give varied results. Practical implications – The analysis undertaken in this paper will address the literature gaps for the GCC banking sector and play an instrumental role for future studies by theoreticians and regulators. Originality/value – This paper identifies the literature gaps for the GCC region and analyses the most applicable existing studies that can be useful for the banking sector corporate governance improvement. This paper will create opportunities for the future researchers.

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HUBUNGAN BOARD DAN KOMITE AUDIT TERHADAP MANAJEMEN LABA

Jurnal Kajian Akuntansi dan Auditing ◽

10.37301/jkaa.v0i0.5080 ◽

2010 ◽

Author(s):

Fivi Anggraini

Keyword(s):

Corporate Governance ◽

Moral Hazard ◽

Earnings Management ◽

Conflict Of Interest ◽

Significant Relationship ◽

Stock Exchange ◽

Earning Management ◽

Independent Directors ◽

Relationship Of ◽

The Relationship

Earnings management is the moral hazard problem of manager that adses because of the conflict of interest between the manager as agent and the stakeholder and the owner as principal. The behavior of earnings management will immediately influence the reported earning. The aims of this research at examining the relationship of board and audit committe to earnings management. The samples of this research is all of companies member Corporate Governance Perception Index (CGPI) in the years of 2003-2006 which were listed in Jakarta Stock Exchange. The results of this study show that (1) the proportion of independent directors on the board had not significant relationship to earning management, (2) competence of independent directors on the board had not significant relationship to earning management, (3) the size of board had significant relationship to earning management, (4) the proportion of independent directors on the audit committe had not significant relationship to earning management, and (5) competence of members of the audit committe had significant relationship to earning management.

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