EMPLOYEE STOCK OPTION SCHEMES IN SINGAPORE

1998 ◽  
Vol 06 (01) ◽  
pp. 49-57
Author(s):  
BOON-CHYE LIM ◽  
KWEE-CHOO HO ◽  
BEE-YEN NG ◽  
HAI-WUN TAN
Keyword(s):  
Financial Performance ◽  
Questionnaire Survey ◽  
Task Force ◽  
Stock Exchange ◽  
Listed Companies ◽  
Stock Option ◽  
Employee Stock Option ◽  
The Status ◽  
High Level

Among the various suggestions for improving the Singapore economy, a high-level task-force known as the Economic Committee in its 1986 report has suggested that Employee Stock Option Schemes (ESOS) "should be encouraged, as this is a good way to foster greater commitment of employees to their companies' financial performance". This paper discusses the status of Employee Stock Option Schemes in Singapore. An examination of the companies listed on the Main Board of the Stock Exchange of Singapore shows that only a minority of the Singapore incorporated and listed companies have offered ESOS. The study also finds that ESOS tends to be offered by the bigger companies within each sector of the economy. The results of a recent questionnaire survey show that among the companies that offered ESOS, motivating employees is the most popular objective for offering such schemes and these schemes are judged to be satisfactory in achieving it.

Can Firms be Clean, Green and Profitable? -Evidence from Textiles Industry of Bangladesh

2020 ◽  
Vol 8 (1) ◽  
pp. 47-56
Author(s):  
Nazim Uddin ◽  
Musa Miah
Keyword(s):  
Performance Measurement ◽  
Financial Performance ◽  
Stock Exchange ◽  
Listed Companies ◽  
Green Technology ◽  
Significant Difference ◽  
Measurement Tools

This study will be helpful for companies that are reluctant to adopt Eco-friendly technology. This paper shows that the profitability of companies that use green technology does not differ notably compare to companies that are not using green technology. In this paper, this study used financial performance measurement tools (ROS, ROA, ROE) to find out companies' profitability. This study has taken data of 40 listed companies of the Dhaka Stock Exchange. Then it divides the data into two groups, a group accustomed to green technology and a group unaccustomed to green technology. The independent samples test shows that there is no significant difference between the profitability of the two groups. It means the profitability of the two groups is almost similar. From studying these paper readers will be able to understand that by adopting Eco-friendly technology companies will not incur any fundamental loss or sacrifice a great amount of profit. So it will encourage companies to adopt Eco-friendly technology.  

scholarly journals The effect of industry nuances on the relationship between corporate governance and financial performance: Evidence from South African listed companies

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Jonty Tshipa ◽  
Leon M. Brummer ◽  
Hendrik Wolmarans ◽  
Elda Du Toit
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
South African ◽  
Resource Dependence ◽  
Stock Exchange ◽  
Listed Companies ◽  
Company Performance ◽  
Johannesburg Stock Exchange ◽  
Good Corporate Governance ◽  
The Relationship

Background: Premised on agency, resource dependence and stewardship theories, the study investigates empirically the existence of industry nuances in the relationship between corporate governance and financial performance of companies listed in the Johannesburg Stock Exchange. Aims: The main objective of the study is to understand the relationship between internal corporate governance and company performance from the perspective of three distinct economic periods, as well as industry nuances, cognisant of endogeneity issues. Setting: South Africa, as an emerging African market, offers an interesting research context in which the corporate governance and financial performance nexus can be examined empirically. Method: A sample of 90 companies from the five largest South African industries, covering a 13-year period from 2002 to 2014 (1170 firm-year observations) was examined with three estimation approaches. Results: Two key trends emerged from this study. First, the relationship between corporate governance and company performance differed from industry to industry. Second, the association between corporate governance and company performance also changes during steady and non-steady periods, which is an indication that the nexus is driven by the state of the global economy and the type of the industry. Conclusion: Evidence from the study suggests that companies should be allowed to optimise rather than maximise their corporate governance options. This finding questioned the approach of the recently published King IV Code of Good Corporate Governance, which requires Johannesburg Stock Exchange-listed companies to ‘apply and explain’ as opposed to ‘apply or explain’ as pronounced by King III Code of Good Corporate Governance.

scholarly journals The Impact of Corporate Social Responsibility on the Financial Performance of Listed Companies in Thailand

2021 ◽  
Vol 13 (16) ◽  
pp. 8920
Author(s):  
Muttanachai Suttipun ◽  
Pankaewta Lakkanawanit ◽  
Trairong Swatdikun ◽  
Wilawan Dungtripop
Keyword(s):  
Financial Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Listed Companies ◽  
Annual Reports ◽  
Corporate Social ◽  
The Impact

This study aims to: (1) investigate the amount of corporate social and environmental responsibility (CSR) spending, awards, and activities of listed companies in the Stock Exchange of Thailand (SET) and in the Market for Alternative Investment (MAI); (2) test the impact of CSR spending, awards, and financial performance activities; and (3) examine the amount of CSR spending, awards, and activities between companies with and without a CSR committee. The sample included all the listed companies in the resource industry from the SET and the MAI. The data were collected from the companies’ annual reports from 2015 to 2019. Descriptive analysis, an independent-sample t-test, a correlation matrix, and an unbalanced panel data analysis were used to analyze the data. The average level of spending per activity was 2.2964 million baht. There were, on average, 2.1741 awards and 11.4178 activities during the studied period. Moreover, there was a significant negative impact of CSR spending, and a positive impact of CSR awards and activities, on corporate financial performance. Finally, there was a significantly different amount of CSR spending, awards, and activities between the companies with and without a CSR committee. The findings of this study demonstrate that legitimacy theory can be used to explain the benefit of CSR to Thai-listed companies, although CSR is still a voluntary corporate responsibility in Thailand.

scholarly journals Leadership and Ethnicity in Public Companies in Malaysia

2007 ◽  
Vol 2 (2) ◽  
Author(s):  
Dominic Lai Yew Hock
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Chief Executive Officer ◽  
Stock Exchange ◽  
Chief Executive ◽  
Listed Companies ◽  
Business Culture ◽  
Foreign Direct Investments ◽  
Gross Margin ◽  
Leadership Structure

Corporate Governance gained prominence in Malaysia during the Asian financial crisis of 1997, which operated as a wake up call that the existing corporate governance structures in public listed companies were insufficient. In response, Kuala Lumpur Stock Exchange issued the Listing Requirements on 22 January 2001 to regain investors’ confidence and attract foreign direct investments. The Listing Requirements included a Code of Best Practices in Corporate Governance that favours the leadership structure of separate Chairman/Chief Executive Officer posts. Malaysia is a multi-racial country comprising predominantly of the indigenous Malays, the Chinese and the Indians. The Chinese in Malaysia continue to play a significant role in the economy. These Chinese practise a distinctive Chinese business culture in the running of their businesses. The literature reveals that the adoption of the prescribed leadership structure of separating the Chairman and Chief Executive Officer positions is not likely to improve the financial performance of Chinese controlled companies. An empirical research is conducted, using 218 Chinese controlled public listed companies in Malaysia. The data covered three years from 2001 to 2003. Financial performances of the companies were measured using return on equity, earnings per share, dividend per share, liquid asset per share and gross margin. t-test and Mann Whitney test were used. The results show that there has been widespread adoption of the leadership structure recommended under the Code by the sample companies. The results also show that adoption of the prescribed leadership structure under the Code has no significant impact on the financial performance of the sample companies.

Fiduciary Principles in Employment Law

2019 ◽  
pp. 186-204
Author(s):  
Aditi Bagchi
Keyword(s):  
Stock Option ◽  
Employment Law ◽  
Retirement Income ◽  
Conceptual Basis ◽  
Fiduciary Duties ◽  
Income Security ◽  
Employee Stock Option ◽  
Duty Of Loyalty ◽  
High Level ◽  
Retirement Income Security

Employees are agents of their employers, and in some cases, are in a position to undermine the interests of their employers in ways that the employers cannot fully anticipate or contractually protect themselves against. While most jurisdictions historically treated all employees as fiduciaries of their employers, by now only a minority of jurisdictions regards all employees as fiduciaries. Most states treat only high-level employees of “trust and confidence” as fiduciaries, while other employees owe a lesser duty of loyalty. Some scholars have made arguments in support of recognizing employers as fiduciaries to employees, but as yet, employers owe neither fiduciary duties nor any lesser duty of loyalty to employees. Only employer-related entities such as pension funds and employee stock option programs owe fiduciary duties to employees under the Employee Retirement Income Security Act (ERISA). The doctrinal status and conceptual basis for the fiduciary duties of employees are discussed in Section I. Section II addresses fiduciary duties under ERISA. Section III touches on potential fiduciary duties of employers.

The Relationship between environmental Financial accounting practices and Financial performance of industrial listed companies in Palestine Stock Exchange

2021 ◽  
pp. 12-31
Author(s):  
Nedal Fareed Abdallah
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Random Effect ◽  
Random Effect Model ◽  
Listed Companies ◽  
Least Square ◽  
Financial Accounting ◽  
Listed Firms ◽  
Effect Model ◽  
The Relationship

The research aimed to investigate the applicability of environmental financial accounting practices in the industrial listed companies in Palestine Exchange and to examine the relationship between the disclosure level of environmental financial accounting practices on the company’s financial performance. The research adopted the descriptive-analytical approach, and the analysis method involved a content analysis of the annual financial reports data which were collected from Industrial listed firms on the Palestine Stock Exchange for the period from 2015 to 2019, including the firms disclosed and not disclose EFAP. Ordinary least square (OLS), fixed effect model (FEM), and random effect model (REM) were employed for processing the data. The results reveal that there is a relationship between the EFAP and financial performance. In addition, there is a difference in financial performance between the group of firms disclosed and not disclosed EFAP. Based on the findings, some recommendations are given for motivating EFAP in the listed firms for improving financial performance.

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