scholarly journals Where Institutional Logics of Corporate Governance Collide: Overstatement of Compliance in a Developing Country, Bangladesh

2016 ◽  
Vol 24 (6) ◽  
pp. 599-618 ◽  
Author(s):  
Abdus Sobhan
Keyword(s):  
Corporate Governance ◽  
Developing Country ◽  
Institutional Logics

scholarly journals Capital Structure, Ownership Structure and Corporate Governance of SMEs in Ghana

2019 ◽  
Vol 26 (01) ◽  
pp. 45
Author(s):  
Ibrahim Anyass Ahmed
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Regression Model ◽  
Developing Country ◽  
Ownership Structure ◽  
Positive Relationship ◽  
Small And Medium Enterprises ◽  
Board Size ◽  
Medium Enterprises ◽  
The Relationship

The purpose of this paper is to investigate the relationship between three variables; capital structure, ownership structure and corporate governance. Although these issues have been largely researched, less attention has been focused on small and medium enterprises (SMEs). At the time of this study, evidence was not found for a study analyzing all three variables in relation to SMEs, within the context of a developing country. This current study examines the link between capital structure, ownership structure, and corporate governance. Using an appropriate regression model, the study assesses how governance mechanisms and ownership decisions affect the choice of financing SMEs. The results show a positive relationship for all corporate governance variables except for board size. Ownership structure is found to be positive and significantly related to capital structure. The signs indicated by control variables are those which are in consonance with conventional capital structure literature. Generally, ownership and corporate governance are found to affect the financing mix of SMEs in Ghana.

Corporate social responsibility disclosures (CSRD), corporate governance and the degree of multinational activities

2018 ◽  
Vol 8 (1) ◽  
pp. 106-123 ◽  
Author(s):  
William Coffie ◽  
Francis Aboagye-Otchere ◽  
Alhassan Musah
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Developing Country ◽  
Theoretical Perspective ◽  
Positive Association ◽  
Future Research ◽  
Content Type ◽  
Corporate Social

Purpose The purpose of this paper is to examine the effect of corporate governance and degree of multinational activities (DMAs) on corporate social responsibility disclosures (CSRD) within the context of a developing country. Design/methodology/approach Using the annual report of 33 listed firms spanning from 2008 to 2013, the authors employed content analysis based on an adapted index score of CSRD developed by Hackston and Milne (1996) as applied in similar studies (e.g. Deegan et al., 2002; Hassan, 2014). Guided by the authors’ hypotheses, the authors model quantity and quality of CSRD (two separate econometric models) as functions of multinational activity and corporate governance. Findings The results show that the DMA has a positive association with both quality and quality of CSRD. The results also show that certain corporate governance characteristics such as board size (quality and quantity) as well as the presence of a social responsibility sub-committee of the board (quality) have a positive relationship with CSRD. However, increasing the number of non-executive directors (NEDs) may not necessarily improve the quantity or quality of disclosure. Research limitations/implications The study is limited by theory and geography. Theoretically, the study is based on the legitimacy theory and feels compelled to reiterate the importance of considering alternative theoretical perspective in future research. Again the study is limited geographically as the investigation is based on Ghana only and the authors suggest that future research be extended to other countries. Practical implications This study is important as it demonstrates the importance of providing quality of CSRD to stakeholders when the board of a firm has a sub-committee responsible for corporate social responsibility. Originality/value The results of the study extend the literature on CSRD by demonstrating a new evidence on how the degree of firm’s multinational activities together with corporate government mechanism affects both quantity and quality of CSRD in the context of unchartered developing country. The results support the theoretical view that companies engage in CSRD in attempt to legitimize their operations based on the pressure exerted on them and the mechanism put in place to respond to those pressures.

scholarly journals Local implementation of global accounting reform: evidence from a developing country

2020 ◽  
Vol 17 (3) ◽  
pp. 373-404
Author(s):  
Mahmud Al Masum ◽  
Lee D. Parker
Keyword(s):  
Developing Country ◽  
World Bank ◽  
Financial Reporting ◽  
Accounting Standards ◽  
Institutional Logics ◽  
Content Type ◽  
Reporting Practices ◽  
The World Bank ◽  
Field Level ◽  
The World

Purpose While the world-wide adoption of international financial reporting standards (IFRS) aims to eliminate differences in national accounting standards between countries, the socio-political institutions surrounding financial reporting practices remain localised. This paper aims to penetrate and reveal the manner in which local national context, stakeholder intentions and financial reporting practices can moderate the compliance with IFRS in a developing country. Design/methodology/approach An interview-based qualitative research framework was used to analyse the experience and attitudes of accountants, auditors and financial reporting regulators during a passage of accounting reform initiatives. Findings This paper provides a critical analysis of the financial reporting practices of a developing country that has ostensibly implemented accounting reforms prescribed by the World Bank. It has revealed the key firm- and field-level logics that are experienced and managed by regulators and corporate managers in their approaches to financial reporting and accountability. The World Bank-led accounting reform can be constrained by a complex mix of institutional logics originating from market and corporate structures, networks of institutionalised family and political relationships, professional and regulatory structure and resourcing limitations and cultural business conventions. This paper provides evidence of firm- and field-level logics that contest and influence the emergence of a financial reporting oversight body and lead to highly variable compliance with international accounting standards. Originality/value This paper aims to extend our knowledge beyond broad national-level elements of institutional orders. It presents a more penetrating examination of the existence and contestation of logics originating from various local and global actors and interests. It presents a theoretical mapping of institutional logics, which operate in international and local settings and also encompass firm- and field-level imperatives. Any effort to understand and improve accounting practices of a developing country need to consider the power, contestation and influence of multiple logics operating in its institutional environment.

scholarly journals A Meta-Analysis of Corporate Governance in a Developing Country

2018 ◽  
Vol 1 (1) ◽  
pp. 83-99
Author(s):  
John J. Chizea ◽  
◽  
Araniyar C. Isukul ◽  
Keyword(s):  
Corporate Governance ◽  
Developing Country ◽  
Meta Analysis
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