scholarly journals Values Based Ideal Types of Corporate Governance Systems

2017 ◽  
Vol 2 (1) ◽  
pp. 13 ◽  
Author(s):  
Supriya Banerjee ◽  
Mike F. Wahl

<p>Values and differences in corporate governance across the world are part and partially related and it is obvious that owners know what results they want to have from the corporations in the long run. In this regard, some scientific studies have revealed that owners would be succeed in a dynamic environment only if they formulate ownership strategy based on values. Consequently, to understand corporate governance better, some research has been carried out on corporate governance by relating values towards the area of knowledge but there is a scarcity of research which proposing comprehensive and explains corporate governance systems consisting values. Therefore, authors of this paper identified the following research problem which is: “Lacking of theory behind corporate governance systems including values which gives an opportunity towards the owners under different corporate governance systems to analyse its own behaviour, learning, managing knowledge, and finally clearly expressing ownership will in the form of an ownership strategy.” There were two data set was analysed in this study. One is Organisation for Economic Co-Operation and Development (OECD) company law and corporate governance database based on member countries submission and the second set of data is Schwartz’s value survey to characterise multiple countries by their culture. Methodologically, after using multi quantitative tools this study is valuable to analyse all the secondary data to produce new knowledge, adopting different theoretical lens, by analysing and understanding the interrelationships of values and different systems of corporate governance across the world. The result of the study comes with a typology including values based three ideal types (Affective type, Cognitive type and Conative type) of corporate governance systems, with a practical contribution towards enriching the available knowledge for owners to formulate ownership strategy. Considering future direction, the constructed typology is required for assessment of the capability of refutation aside from OECD countries.<strong></strong></p>

Author(s):  
Supriya Banerjee ◽  
Mike Franz Wahl

This study was conducted with a motivation to solve a research problem and scarcity of theory, which proposes a comprehensive and explains corporate governance systems including values by which owners under different corporate governance systems can analyse ownership behaviour, acquire knowledge, and mitigate conflicts of interest. The aim of the study is to postulate a new typology of corporate governance systems including values. This study has four major outcomes. Firstly, this study identified the presence of values in corporate governance and provided an overview of ownership values. Secondly, this study is presenting a new typology including three ideal types of corporate governance systems including values. Thirdly, this study has empirically justified the best possible corporate governance type including values towards mitigating conflicts of interest. And fourthly, this study presents the significance of knowledge vision towards proficient ownership.


2005 ◽  
Vol 2 (4) ◽  
pp. 76-85 ◽  
Author(s):  
Alberto de Miguel Hidalgo ◽  
Julio Pindado ◽  
Chabela de la Torre

This paper analyses how the main institutional factors characterizing corporate governance systems around the world affect the relationship between ownership structure and firm performance. Our analysis gives rise to the following remarks. First, ownership concentration and insider ownership levels are determined by several institutional features such as investor protection, development of capital markets, activity of the market for corporate control, and effectiveness of boards. Second, the relationship between ownership concentration and performance is not directly affected by these institutional factors. Third, there is, however, a direct influence of corporate governance characteristics on the relationship between insider ownership and performance.


Author(s):  
Bashar H. Malkawi

Corporate governance is developing rapidly in many countries across the world. In this article, the existing state of corporate governance in Jordan is examined. Jordan does not have a corporate governance code per se. The article reveals that overall Jordan has in place some of the features of corporate governance best practice, but that there remains further progress to be made in areas such as independence of directors, compensation, and correlation between shareholding and entitlement to seats on the board. The article recommends legal reforms in order to enhance corporate governance in Jordan.


Populasi ◽  
2011 ◽  
Vol 22 (1) ◽  
pp. 68-75
Author(s):  
Lilik Iswanto

HIV/AIDS is a serious health problem in the world, including in Indonesia. It has a huge impact in economic, social and political aspects. There fore research regarding the knowledge of HIV/AIDS become important. This paper explores women’s knowledge of HIV/AIDS in Indonesua using secondary data from Indonesia Demographic and Health Survey (IDHS) 2007. In measuring the knowledge indicator used such as have you ever heard about HIV/AIDS, knowledge of the transmission abd HIV/AIDS prevention. Statistic descriptive, composit and binary logistic were using to answer the research problem. The result shows that women’s knowledge in HIV/AIDS is fairly good. The main factor which influence women’s knowledge of HIV/AIDS is their level of education along with their spouse. Women who have finished their education in senior high has twice better knowledge on HIV/AIDS compared to those who did not finish.


Author(s):  
Strahinja Miljković ◽  
Damjan Danilović

Social relations, economic development and capital concentration have conditioned the development of legal science in the field of companies. Few legal areas have been so susceptible to legal evolution, especially in the last few decades, where the tendency for permanent changes remains to be seen. Through its development, the company law has expressed its own legal institutes, and the legislature has a number of different legal relationships and facts. In particular, banks with their many personalities are singled out within companies. The credit deposit business conditions specific legal relations, which again affects the creation of a special legal framework. Corporate governance systems are characteristic of the steak-holder approach, which stems from the fact that banks have other people's money, and potential losses are made up of state funds, or budget funds. Banking operations, i.e. the management system thus becomes the public interest. This is especially manifested in the creation of a control framework, in order to preempt the development of systemic risks, which are very emphasized by the banks. These risks may be at both the international and national level, subject to both international and national regulatory control. All this affects a range of personalities in the internal organization of banks, and overall the creation of a special legal framework.


Author(s):  
Ahmad Gawdy Prananosa ◽  
Dooni Pestalozi ◽  
Adisel Adisel

This study aims to examine the concept of educational communication in alqur`an letter Lukman. This research is designed using qualitative approach by applying literature research method. The data used in this study comes from primary data and secondary data, while the primary data are the Qur'anic Manuscript of Lukman and supported by the hadiths of the Prophet relevant to the research problem, while the secondary data comes from books, magazines and written documents. The conclusion of this study reveals that the concept of educational communication in Surat Lukman is indicated by the dialogical atmosphere between father and son in an effort to achieve the salvation of life in the world and in the hereafter. The term dialogis here indicates that there is an element of communication between two people, in this case father and son. Father is a communicator or initiator of ideas in planning the atmosphere of the dialogue. But also he is at the same time the listener (in feedback dialogue) so that he at once became a communicant Keyword: Education Communication, al-Qur`an Surat Lukman  


2016 ◽  
Vol 13 (2) ◽  
pp. 606-612 ◽  
Author(s):  
Daniela M. Salvioni ◽  
Francesca Gennari

The main finding of this article is that sustainability and the broader concept of social responsibility imply a change in the spirit of governance, which promotes the so-called ’de facto convergence’ between the different corporate governance systems existing all over the world. Substantial corporate governance convergence suggests that different countries may have different companies’ ownership structure, rules and institutions but the corporate boards may still be able to perform common goals, with attention to similar key performance indicators, such as ensuring fair disclosure or accountability. Companies that perform better with regard to the triple bottom line can increase shareholder value contributing, at the same time, to the sustainable development of the societies in which they operate.


Author(s):  
Amrie Firmansyah ◽  
Pramuji Handra Jadi ◽  
Wahyudi Febrian ◽  
Deddy Sismanyudi

<p><em>The company has a significant contribution to industrialization, which results in global warming and climate change in the world. This condition can threaten the future of the world, including in Indonesia. This study aims to examine the effect of corporate governance on the disclosure of carbon emissions in Indonesia. This study uses secondary data sourced from financial statements available at www.idnfinancials.com. The sample used in this study was a manufacturing company from 2016 to 2019. By using purposive sampling, the sample obtained in the study is 260 observations. The research data were analyzed using multiple linear regression for panel data. This study concludes that the implementation of good governance and firm size are positively associated with emission carbon disclosure. The implementation of good corporate governance can increase the transparency of information provided to the public voluntarily, including information on carbon emissions produced by companies. Besides, the large companies tend to be transparent in their carbon emissions disclosure to the public.  This research indicates that the government needs to regulate policies related to managing carbon emissions produced by companies to encourage companies to implement sustainability issues. In addition, the Financial Services Authority (OJK) needs to carry out monitoring related to the implementation of corporate governance implemented by companies listed on the Indonesia Stock Exchange. </em></p>


2021 ◽  
Vol 7 (1) ◽  
pp. 205-215
Author(s):  
Muhammad Khalid Rashid ◽  
Abdul Basit ◽  
Tehmina Fiaz Qazi ◽  
Abdul Aziz Khan Niazi

International trade has fundamental importance for all the countries and the analysis concerning international trade particularly concerning tariff barriers is high on the agenda of researchers in the field of economics, business and politics. Aim of the study is to assess the world tariff barriers of 158 countries. Overall design of the study comprises of a crisp literature review, data extraction and analysis. It is a study of one hundred fifty-eight countries that uses secondary data taken from World Development Indicators (WDI) 2020. It uses Grey Relational Analysis (GRA) as research methodology. Results of GRA show that Macao SAR, China, Hong Kong, Singapore, Montenegro, Mauritius, Brunei Darussalam, Myanmar, Chile, Peru and Australia have relatively highest grey relational grades meaning thereby, low tariff trade barriers whereas Grenada, Antigua and Barbuda, Belize, Central African Republic, Nepal, Guinea-Bissau, Fiji, Gabon, Barbados, Djibouti, St. Kitts and Nevis have lowest grey relational grade meaning thereby, these countries have high level of tariff based barriers of international trade. Interestingly, all the member countries of European Union occupy the rank of 27 (i.e. all countries have the same rank) which can be explained in the perspective of their union of tariff. Since, they have uniformed tariff policy as against rest of the world, therefore, have same rank. It is a study based on reliable real time data set. The study has value for all stakeholders i.e. international community, local governments, society at large, policy makers, researchers and international institutions.


2013 ◽  
Vol 6 (2) ◽  
Author(s):  
Biljana Petrovska

In the past few decades, tourism has emerged asone of the major industries in the world economy, by benefiting transportation, accommodation,catering and many other sectors. It provokes an interest among all countries, regardless the level of economic development. Therefore, many undeveloped and developing countries identified tourism as one of the greatest sources of economic growth and detected it as the only way-out for economic prosperity. This research argues the inevitable relationship between tourism and economic development with an aim to investigate tourism impacts. Moreover, the paper attempts to disentangle the economic impacts of tourism industry in Macedonia by assessing its direct contribution to the economic development. For that purpose, some commonly applied economic parameters are addressed: the gross domestic product in order to measure the contribution of tourism to the overall economic activity; employment in tourism as possibility to contribute to job creation in combating unemployment rate; and the net flows of tourism services by analyzing the balance of payments. The research generally covers comparative analyses based on stylized facts obtained from desk-research and available sources of secondary data. The data set covers the period 1997-2012. Special attention is put on the period before and after the global financial crisis. The research findings reveal modest contribution of tourism towards economic development in Macedonia. Similar to many tourism-oriented countries, Macedonia was not immune to the negative shocks provoked by the world economic crisis that interrupted the upward tourism trend.The research underscores the necessity for continuous analysis of tourism economic impacts as an important consideration for strengthening national economy. Finally, the paper gains additional importance since the outcomes pose some valuable considerations to all tourism key-actors responsible for creating economic development strategies in Macedonia.


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