Enhancing Environmental Sustainability Through Corporate Governance: The Merger and Acquisition Perspective

2021 ◽  
Author(s):  
Dandan Zheng ◽  
Zhipan Yuan ◽  
Shusheng DING ◽  
Tianxiang Cui
Keyword(s):  
Corporate Governance ◽  
Economic Development ◽  
Environmental Sustainability ◽  
Positive Influence ◽  
Mediating Effect ◽  
Development Economic ◽  
Future Research ◽  
Environmental Development ◽  
Merger And Acquisitions ◽  
The Government

Abstract Background: Environmental sustainability may be perceived as conflicting with economic development. Economic activities such as merger and acquisitions can contribute to resource allocation optimization, where corporate governance plays an important role in advancing environmental sustainability. Our study broadens the investigation of whether merger and acquisitions are helpful for sustainable environmental development. We attempt to reveal the mechanism by which merger and acquisitions affect sustainable development: namely, through corporate governance. Results: By employing panel data for Chinese listed companies, we reveal that merger and acquisitions have a significant positive influence on environmental sustainability. In particular, the study documents a mediating effect of corporate governance. We argue that merger and acquisitions can trigger company reorganizations and thus optimize firm structure, resulting in better corporate governance. This effect, in turn, can enhance company management in several aspects, including sustainable environmental development. Therefore, we conclude that the government can improve corporate governance by promoting board reorganizations via mergers and acquisitions, leading to better environmental sustainability. Conclusions: This paper can inspire future research avenues by shedding light on how economic development and environment sustainability can be harmonized through better corporate governance. It can also deliver research implications on corporate governance studies through merger and acquisitions.

scholarly journals Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Dandan Zheng ◽  
Zhipan Yuan ◽  
Shusheng Ding ◽  
Tianxiang Cui
Keyword(s):  
Corporate Governance ◽  
Economic Development ◽  
Mergers And Acquisitions ◽  
Environmental Sustainability ◽  
Positive Influence ◽  
Mediating Effect ◽  
Development Economic ◽  
Future Research ◽  
Environmental Development ◽  
The Government

Abstract Background Environmental sustainability may be perceived as conflicting with economic development. Economic activities such as mergers and acquisitions can contribute to resource allocation optimization, where corporate governance plays an important role in advancing environmental sustainability. Our study broadens the investigation of whether mergers and acquisitions are helpful for sustainable environmental development. We attempt to reveal the mechanism by which mergers and acquisitions affect sustainable development: namely, through corporate governance. Results By employing panel data for Chinese listed companies, we reveal that mergers and acquisitions have a significant positive influence on environmental sustainability. In particular, the study documents a mediating effect of corporate governance. We argue that mergers and acquisitions can trigger company reorganizations and thus optimize firm structure, resulting in better corporate governance. This effect, in turn, can enhance company management in several aspects, including sustainable environmental development. Therefore, we conclude that the government can improve corporate governance by promoting board reorganizations via mergers and acquisitions, leading to better environmental sustainability. Conclusions This paper can inspire future research avenues by shedding light on how economic development and environment sustainability can be harmonized through better corporate governance. It can also deliver research implications on corporate governance studies through mergers and acquisitions.

The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research

2021 ◽  
pp. 014920632199121
Author(s):  
Ruth V. Aguilera ◽  
J. Alberto Aragón-Correa ◽  
Valentina Marano ◽  
Peter A. Tashman
Keyword(s):  
Corporate Governance ◽  
Environmental Sustainability ◽  
Boards Of Directors ◽  
Global Dimension ◽  
Top Management Teams ◽  
Future Research ◽  
Environmental Initiatives ◽  
Integrative Framework ◽  
Integrated Research ◽  
Systematic Understanding

As corporations’ environmental impact comes under greater scrutiny by global financial, regulatory, and societal stakeholders, management scholars have increasingly focused on the role of corporate governance as a tool for driving environmental initiatives. Still, we lack a comprehensive and systematic understanding of this emergent body of inquiry and a holistic agenda for future research. To address this gap, our integrative framework relates the key corporate governance actors to environmental sustainability outcomes from the extant literature and highlights its main methodological approaches and theoretical arguments. Our framework provides a critical analysis of what we know and points to the knowledge gaps around owners, boards of directors, CEOs, top management teams, and employees as corporate governance actors. We then highlight limitations in the existing literature as significant opportunities for further research to resolve its ambiguous conceptualizations of environmental sustainability constructs, various methodological and theoretical challenges, incomplete engagement with the global dimension of environmental sustainability, and limited analysis of how corporate governance actors may interact to shape environmental sustainability outcomes. We conclude by proposing novel approaches for addressing these issues, which we believe could generate a better way forward on studying the corporate governance of environmental sustainability.

Insider Trading Laws and Corporate Governance Impact on Investment Decision

2021 ◽  
Vol 3 (2) ◽  
pp. 126-137
Author(s):  
Sadaf Khan ◽  
Ubaid Ur Rehman
Keyword(s):  
Corporate Governance ◽  
Insider Trading ◽  
Positive Impact ◽  
Investment Decision ◽  
Investment Decisions ◽  
Future Research ◽  
Good Corporate Governance ◽  
Governance Practices ◽  
The Government ◽  
The Impact

This research aims to analyze the impact of insider trading laws and corporate governance on investment decisions. For this purpose, the data of 400 potential and actual investors employed who provided their feedback on a structured questionnaire. When the data is collected, it was cleaned. The normality of data and reliability of items were also checked and within limits. Simple Regression was applied to test hypotheses. It was concluded that the perception of insider trading laws and corporate governance have a positive impact on investment decisions. The study has wide implications and the government and corporation both can be beneficial from its insight and findings, and exercise good corporate governance practices and follow stringent insider trading laws. The study also paves the way for future research.

scholarly journals Influence of Government Information on Farmers’ Participation in Rural Residential Environment Governance: Mediating Effect Analysis Based on Moderation

2021 ◽  
Vol 18 (23) ◽  
pp. 12607
Author(s):  
Bowen Wang ◽  
Desheng Hu ◽  
Diandian Hao ◽  
Meng Li ◽  
Yanan Wang
Keyword(s):  
Public Good ◽  
Rural Areas ◽  
Structural Equation ◽  
Well Being ◽  
Positive Influence ◽  
Residential Environment ◽  
Mediating Effect ◽  
Government Information ◽  
Human Settlements ◽  
The Government

Rural revitalisation in China relies heavily on the rural residential environment and is vital to the well-being of farmers. The governance of rural human settlements is a kind of public good. The external economy of governance results in the free-riding behaviour of some farmers, which does not entice farmers to participate in governance. However, current research seldom considers the public good of rural human settlements governance. This research is based on the pure public goods attribute of rural human settlements governance. It begins with government information and, using structural equation modelling (SEM), researchers construct the influence mechanism of government information, attitude, attention, and participation ability on the depth of farmers’ participation. The empirical results show that ability, attention, and attitude all have a dramatic positive influence on the depth of farmers’ participation, and the degree of impact gradually becomes weaker. Additionally, government information stimulus is not enough to promote farmers’ deep participation in governance. It needs to rely on intermediary variables to indirectly affect the depth of participation (ability, attention, attitude), and there is a path preference for the influence of government information on the depth of participation. As an important organisation in the management of rural areas, the village committee can significantly adjust the effect of the degree of attention on the depth of participation of farmers. Therefore, the government not only needs to provide farmers with reliable and useful information, but also needs to combine necessary measures to guide farmers to participate in the governance of rural human settlements.

scholarly journals Corporate governance challenges: In the context of MENA countries

2019 ◽  
Vol 8 (4) ◽  
pp. 35-45
Author(s):  
Khaled Otman
Keyword(s):  
Corporate Governance ◽  
Emerging Markets ◽  
Development Economic ◽  
Future Research ◽  
Mena Region ◽  
Mena Countries ◽  
Governance Model ◽  
Governance Challenges ◽  
Corporate Governance Model

Strong corporate governance is vital for countries in the Middle East and North Africa (MENA) as they strive to increase economic growth and reinforce competitiveness and create prosperous societies. This paper evaluates the corporate governance landscape by identifying Development Economic and policy challenges in the MENA countries. In addition, it discovers the role of MENA markets and OECD in improving corporate governance. The current study found that corporate governance is still in the early stages in MENA region and it recommends that there is a need for future research to develop corporate governance model in the unique economic and social environment in the MENA countries. The contribution of this research is significant, not only for the MENA region, but also for application to other emerging markets. In this study, clear insights are provided for policymakers, regulators, managers, investors and researchers involved in emerging markets.

Factors affecting electronic invoice adoption and tax compliance process efficiency

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yulan Qi ◽  
Anna Che Azmi
Keyword(s):  
Positive Impact ◽  
Tax Compliance ◽  
Positive Influence ◽  
Mediating Effect ◽  
Process Efficiency ◽  
Future Research ◽  
Least Squares Regression ◽  
Content Type ◽  
Factors Affecting ◽  
The Impact

Purpose The purpose of this study is to examine the factors that affect the adoption of electronic invoices and in turn the impact of these factors on the tax compliance process efficiency of companies. Design/methodology/approach A questionnaire survey was distributed to 276 users who adopted electronic invoicing. Partial least squares regression was used to analyze the collected data. Findings This study found that perceived benefits and trust in e-government had a positive influence on the adoption of electronic invoices. At the same time, the adoption of electronic invoice was found to have a positive impact on the overall efficiency of the tax compliance process. Moreover, the factors affecting adoption of electronic invoices can have a mediating effect on that adoption and tax compliance process efficiency. Research limitations/implications This study only explored these influencing factors on companies that have adopted electronic invoicing. Future research should distinguish between adopters and non-adopters. Practical implications The results of this study can guide tax authorities and other electronic invoice suppliers when promoting the adoption of electronic invoicing. Social implications This research can provide guidance to tax authorities to improve their own electronic invoice system by creating a workforce that have the skills to strengthen citizen’s trust in the electronic invoice system. Originality/value This study contributes to the electronic adoption literature by examining those factors that impact tax compliance processes efficiency.

scholarly journals MONOTOWNS OF THE REPUBLIC OF BELARUS: ASSESSMENT FEATURES OF SOCIO‑ECONOMIC DEVELOPMENT

2018 ◽  
Vol 2018 (1) ◽  
pp. 161-165
Author(s):  
И. Русак ◽  
I. Rusak
Keyword(s):  
Economic Development ◽  
Future Research ◽  
Socio Economic Development ◽  
Single Industry ◽  
Urban Settlements ◽  
Territorial Organization ◽  
Level Of Economic Development ◽  
The Republic ◽  
The Government ◽  
Definition Of

<p>The aim of the article is to consider the existing criteria of single-industry towns (monotowns) in the Republic of Belarus, which are the subject of the current research. The article summarizes the main approaches to the concept of «single-industry city». The study is based on the analysis of the state scheme of complex territorial organization of the Republic of Belarus and shows the position of the single-industry towns of Belarus in the system of population displacement. The paper features an analysis of the existing criteria for attributing urban settlements to the category of «monotowns» and includes a list of the largest city-forming enterprises in the Republic of Belarus. The study proposes some basic directions of the further development of single-industry towns in Belarus, which can be used by the government and local authorities in the regional development. The results will help to institutionalize the category of «single-industry town» in Belarus. The study also proposes to include an article on the development of monoprofile cities into main strategic documents of the Republic of Belarus. Such an article should provide a permanent monitoring of the development of such urban settlements as well as adoption of corrective measures in case of depression. An important direction for future research is the definition of the criteria for a comprehensive analysis of single-industry towns – not only on the level of economic development of the city-forming enterprise, but also on the level of socio-economic development of the settlement as an administrative-territorial unit with a town-forming enterprise.</p>

scholarly journals Modern prerequisites for the formation of a system of indicators of sustainable development of socio-economic systems

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Oksana Sausheva ◽  
Svetlana Maykova ◽  
Svetlana Kirdyashkina
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Environmental Sustainability ◽  
Driving Forces ◽  
Environmental Conservation ◽  
Development Economic ◽  
Economic Systems ◽  
Anthropogenic Pressure ◽  
Interconnected System ◽  
State Response

The growth of the world economy that does not meet the requirements of environmental sustainability is accompanied by an increase in anthropogenic pressure on the environment, which leads to an aggravation of environmental problems and increases the likelihood of man-made accidents and catastrophes. In this situation, the direction of scientific research in the field of forming a unified methodology for comprehensive analysis and evaluation of sustainable development, as a simultaneous balanced economic development and environmental conservation, becomes important. The currently used methodological approaches do not always provide a comprehensive assessment of the results achieved in economic development from the perspective of financial and economic indicators, and address social and environmental issues. The solution to this problem is possible by modifying the modern system of indicators of sustainable development of socio-economic systems based on the wider use of the DSR model («Driving forces (previously-pressure) – state-reaction») / DSR («Driving Force – State – Response»). The article presents a conceptual analysis of the system of indicators of sustainable development based on the «driving forces – state – response» model used by the Organization for economic cooperation and development. Economic activity affects (exerts «pressure», uses «driving forces») the environment, the quality and quantity of natural resources («state»); in turn, society and the state changes public consciousness and behavior, conducts environmental measures («reaction»). Possible directions of modernization of this system of indicators are defined. It is concluded that the use of an interconnected system of indicators can improve the effectiveness of public policy due to objective, reliable and comparable information about the environment and sustainable development.

scholarly journals Exploring Mediating Role of Corporate Image between Service Quality and Student Loyalty using PLS-SEM

2020 ◽  
Vol 9 (3) ◽  
pp. 2726-2730
Keyword(s):  
Service Quality ◽  
Structural Model ◽  
Measurement Model ◽  
Corporate Image ◽  
Mediating Effect ◽  
Vocational Education And Training ◽  
Future Research ◽  
Student Loyalty ◽  
The Government ◽  
The Relationship

The demand on high skill graduate shows increasing trend in the context of Malaysia. Current supply of higher skill graduate is in adequate to support the industry. Thus, the government expected that, the number of student enrolment in higher Technical and Vocational Education and Training (TVET) institutions to be increased. Recent studies highlighted that service quality and corporate image are two critical factors that influence student loyalty. However, the mediating effect of corporate image has given less attention in the previous research. Thus, the purpose of this research is to explore the mediating effect of corporate image on the relationship between the service quality and student loyalty. The scope of this study is final year student of higher TVET universities. 398 of completed questionnaires were analyzing using SPSS and Smart-PLS. The measurement model shows that all constructs are reliable. While the structural model result showed that there is a direct and significant effect of corporate image on the relationship between service quality and student loyalty. The mediating test indicates that there is a partial mediation of corporate image on the relationship between service quality and student satisfaction. Future research is suggested to explore in depth on other factors that could have mediate the relationship between service quality and student loyalty.

scholarly journals A Study on the Mediating Effect of Learning Orientation on the Relationship Between Transformational Leadership and Employee Lifelong Learning

2019 ◽  
pp. 48-50 ◽  
Keyword(s):  
Transformational Leadership ◽  
Lifelong Learning ◽  
Management Practices ◽  
Positive Influence ◽  
Mediating Effect ◽  
Hierarchical Regression ◽  
Future Research ◽  
Learning Orientation ◽  
Mediating Effects ◽  
The Relationship

The objective of this study was to confirm the mediating effects of learning orientation on the relationship between transformational leadership and employee lifelong learning. To achieve this, we distributed questionnaires to 800 employees, of which 512 valid questionnaires were received. We then employed hierarchical regression analysis to test our hypotheses. Results confirmed that transformational leadership has a positive influence on employee lifelong learning, and that this relationship is mediated by learning orientation. Based on these results, we conclude by making recommendations for both organizational management practices and future research.

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