Financial Management and Corporate Governance

10.1142/12726 ◽  
2023 ◽  
Author(s):  
Daisuke Asaoka
Keyword(s):  
Corporate Governance ◽  
Financial Management

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.

scholarly journals PENGARUH TATA KELOLA PEMERINTAH DAERAH TERHADAPTRANSPARANSI PENGELOLAAN KEUANGAN DAERAH: BUKTI EMPIRIS PADA PEMERINTAH PROVINSI DI INDONESIA

2017 ◽  
Vol 21 (3) ◽  
pp. 448
Author(s):  
Syamsul Syamsul ◽  
Irwan Taufiq Ritonga
Keyword(s):  
Corporate Governance ◽  
Regression Model ◽  
Financial Management ◽  
Local Governments ◽  
Environmental Governance ◽  
Local Governance ◽  
Government Officials ◽  
Simple Regression Model ◽  
Simple Regression

This study developed a research Beekes and Brown (2006) who found that corporate governance makes companies more informative (more transparent). This study aims to prove whether the same results were also found in environmental governance in Indonesia. The theory is used to achieve the goal of this research is the theory of agency. This research was conducted in 32 local governments in Indonesia. Based on a simple regression model, this study shows that local governance affects positively the transparency of local financial management. Such findings reinforce previous research. The findings of this study provide a useful contribution to government officials (executive and legislative), in demonstrating the important role of local governance in encouraging the transparency of local financial management. In addition, the findings of this study can be used as the basis for further research related to the topic of local governance and transparency of local financial management.

scholarly journals Keputusan Keuangan dan Good Corporate Governance terhadap Kinerja Dimoderasi Ukuran Perusahaan

2019 ◽  
Vol 3 (1) ◽  
pp. 1-11
Author(s):  
AINUN JARIAH
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Financial Management ◽  
Linear Regression Analysis ◽  
Investment Decisions ◽  
Multiple Linear Regression Analysis ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Financial Decisions ◽  
Good Corporate Governance

Optimal financial performance is a company goal that can be achieved through the implementation of financial management functions. One way to improve company performance in addition to financial decisions is to implement good corporate governance. This study aims to determine the effect of financial management decisions and good corporate governance, partially or simultaneously on financial performance with the size of the company as moderating manufacturing in Indonesia. The number of samples is 37 manufacturing companies that routinely publish financial statements for the period 2014-2017. Using multiple linear regression analysis and moderation techniques, the results of the study show that partially funding decisions and good corporate governance significantly affect financial performance. Only investment decisions that have a significant partial effect on the size of the company. Investment decisions, funding decisions, dividend policies and good corporate governance simultaneously have a significant effect on both company size and financial performance. And the size of the company does not moderate the influence of financial decisions and good corporate governance on financial performance.

scholarly journals Determinan Pengelolaan Keuangan Dana Desa

Wahana ◽  
2020 ◽  
Vol 23 (1) ◽  
pp. 98-111
Author(s):  
Eni Dwi Susliyanti
Keyword(s):  
Corporate Governance ◽  
Financial Management ◽  
Community Empowerment ◽  
Independent Variables ◽  
Good Corporate Governance ◽  
Village Government ◽  
Transparency And Accountability

This study aims to analyze factors that influencing Village Fund Financial Management in Sleman Regency. Independent variables that used in this study are Good Corporate Governance principles which consist of: Transparency, Accountability, Independence, Fairness, Implementation of Village Government, and Community Empowerment. Meanwhile dependent variable is village fund financial management. Population of this study are 43 districts from 11 sub-districts where located in Sleman Regency. Samples from this research is village officials which consisted of 150 respondents. The results of the study indicate that when tested partially, the principle of transparency and accountability influences the management of village financial funds in Sleman Regency. However, other variables did not affect the financial management of village funds in Sleman Regency. If tested simultaneously, the results show that there is an influence on the financial management of village funds in Sleman Regency.

Corporate Governance and Financial Management

2015 ◽  
Author(s):  
Siti Nuryanah ◽  
Sardar M. N. Islam
Keyword(s):  
Corporate Governance ◽  
Financial Management

Review of Saudi Arabia company law reforms and its implications on corporate governance framework- an evidence from emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lubna Javed Rizvi ◽  
Zahid Hussain
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Financial Management ◽  
Good Governance ◽  
Emerging Market ◽  
Relevant Literature ◽  
Company Law ◽  
Content Type ◽  
Governance Framework ◽  
Vision 2030

Purpose This paper aims to review the literature of CG regime in Saudi Arabia, an emerging market for several compelling reasons. Most of the earlier literature on corporate governance subjects mainly aimed at large emerging economies. To date, there is a lack of studies examining the following: authorities and obligations, subcommittees and the regulatory system in Saudi Arabia. Therefore, this paper is an attempt to bridge this gap by reviewing the current laws, regulation, trends and key reforms in corporate governance framework in the country as the current amended laws focused to offer more competence and precision to the regulatory setting in line with the development of the Saudi Arabian stock market and the influx of foreign reserves. Design/methodology/approach The current paper has espoused a content analysis approach in which relevant literature was deliberated and studied. Findings The amended CG rules include some developments into corporate governance and substitutes the earlier version of the long overdue regulation of 1965. The new 2017 implemented Code will reinforce the implication of good governance as a condition model for accomplishing good financial management in the country. This study has provided an overview of the evolution and development of corporate governance in Saudi Arabia by highlighting the key reforms. Research limitations/implications This study has implications for the policymakers and institutional bodies to review the current developments and progress in the country’s overall corporate governance framework in an attempt to attract more foreign direct investment. Saudi Arabia is among the nations that have a potential for huge foreign investments due to its plan of expanding its economy “Vision 2030.” Therefore, this paper will aid foreign investors in deciding to invest in the country after reviewing the current developments in an attempt to implement vision 2030. Originality/value This study contributes to existing literature by examining the current trends in CG, with the discussion on the development of company law in Saudi Arabia which emphasizes on sections that borders on corporate governance.

Corporate governance in state-owned enterprises in Lesotho

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Emmanuel Kopang Botlhale
Keyword(s):  
Corporate Governance ◽  
Financial Management ◽  
Research Approach ◽  
African Countries ◽  
Content Type ◽  
The Public ◽  
Descriptive Research ◽  
Policy Debates ◽  
Institutional Architecture

Purpose The purpose of this study is to discuss corporate governance in state-owned enterprises (SOEs) in Lesotho to influence policy debates. Design/methodology/approach This is a desktop study that used the qualitative research approach. For this research, the case study method has been adopted. In terms of orientation, this is descriptive research. Data were collected from three-tiered sources: independent publications (e.g. World Bank); government publications; and newspaper articles. Data analysis was in the form of document analysis. Findings The study concluded that there are instances of poor and/or bad governance in SOEs in Lesotho. Egregious examples include transgressing against the Public Financial Management Act (2011) and the failure to submit Audited Financial Results. Research limitations/implications The findings are limited to a specific case. Nonetheless, there are general lessons that can be drawn for African countries from the case study. A key general lesson is the imperative need to reconfigure the legal-institutional architecture of SOEs so that they create public value. Practical implications Other than cataloguing instances of poor and/or bad governance in SOEs in Lesotho, the paper goes further and accordingly makes policy recommendations to enhance corporate governance in SOEs in Lesotho. Originality/value There is no academic study on corporate governance in SOEs in Lesotho; therefore, there is a gap in the literature. Hence, the study makes an original contribution to the literature.

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