scholarly journals Does family involvement on board of the directors contribute to firm profitability? An empirical evidence from Saudi Arabia

2015 ◽  
Vol 11 (2) ◽  
pp. 159-170 ◽  
Author(s):  
Shehabaddin Abdullah A. Al-Dubai ◽  
Ku Nor Izah Ku Ismail ◽  
Noor Afza Amran
Keyword(s):  
Time Series ◽  
Saudi Arabia ◽  
Empirical Evidence ◽  
Family Involvement ◽  
Family Firms ◽  
Cross Sectional ◽  
Listed Firms ◽  
Firm Profitability ◽  
The World ◽  
Promising Area

Literatures view board of the directors as the cornerstone of firm’s success. Therefore, family involvement on the board and its impact on firm profitability is an issue of interest and need to be addressed. The purpose of this paper lies in the fact that it extracts new empirical evidence from a promising area in the world. The study proceeds with a cross-sectional time-series analysis based on a data of 75 Saudi non-financial public listed firms from 2007-2011(375 firm-year observations) to examine family representing on board of the directors, family chairman, and founder chairman and its impact on firm performance (ROA). The study concludes the outperformance of firms in which family represents heavily on the board. In addition, the results suggest that not all family members are good stewards. Strictly speaking, founder chairman only found to be beneficial to the firm profitability rather than others. However, the results confirmed its robustness against different indicator (EPS) and when family firms only being selected.

scholarly journals The Perceptions of Nurses and Nursing Students Regarding Family Involvement in the Care of Hospitalized Adult Patients

2021 ◽  
Vol 11 (1) ◽  
pp. 133-142
Author(s):  
Faygah M. Shibily ◽  
Nada S. Aljohani ◽  
Yara M. Aljefri ◽  
Aisha S. Almutairi ◽  
Wassaif Z. Almutairi ◽  
...  
Keyword(s):  
Saudi Arabia ◽  
Nursing Students ◽  
Patient Care ◽  
Family Involvement ◽  
Work Experience ◽  
Family Members ◽  
Adult Patients ◽  
Cross Sectional ◽  
Hospital System ◽  
Centered Care

Over the past few decades, there have been concerns regarding the humanization of healthcare and the involvement of family members in patients’ hospital care. The attitudes of hospitals toward welcoming families in this respect have improved. In Arab culture, the main core of society is considered to be the family, not the individual. The objective behind involving family in patient care is to meet patients’ support needs. Consequently, this involvement affects nurses and their attitudes toward the importance of family involvement in patient care. Objectives: To describe nurses’ and nursing students’ perceptions of family involvement in the care of hospitalized adult patients in Saudi Arabia. Design: This study used a quantitative descriptive cross-sectional design. The data were collected using a convenience sampling survey via social media. Results: A total of 270 participants (staff and students) took part in this study, including 232 (85.9%) females and 38 (14.1%) males. Moreover, a high percentage of participants (78.8%) acknowledged that family presence strongly affected the improvement of the patient’s condition. However, 69.3% of participants thought that involving family members during special care processes or cardiopulmonary resuscitation (CPR) would be traumatizing for these individuals. Moreover, there was a significant diffidence between the attitudes of the nurses and nursing students toward family involvement and the number of years of employment (F = 3.60, p < 0.05). On the contrary, there were insignificant differences between the attitudes of the nurses and nursing students toward family involvement and their gender, nationality, age, education level, and years of work experience in Saudi Arabia (p > 0.05). Furthermore, the regression analysis showed a significant negative correlation between nurses’ years of employment and their support of family involvement in patient care (ß = −0.20, SE = 0.08, t = −2.70, p = 0.01). Conclusions: Nurses with more experience showed no support for family involvement in patient care. We have to consider the clinical barriers that affect nurses’ support for family involvement in patient-centered care, such as hospital polices, guidelines, and the model used for family-centered care integration in the hospital system to facilitate the interaction between healthcare providers and family members.

scholarly journals The Impact of Working Capital Management on Firm Profitability: Empirical Evidence from the Polish Listed Firms

2020 ◽  
Vol 14 (1) ◽  
pp. 9
Author(s):  
Sorin Anton ◽  
Anca Afloarei Nucu
Keyword(s):  
Empirical Evidence ◽  
Ordinary Least Squares ◽  
Optimum Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Listed Firms ◽  
Firm Profitability ◽  
Break Even Point ◽  
The Impact

The purpose of this study is to investigate the relationship between working capital and firm profitability for a sample of 719 Polish listed firms over the period of 2007–2016. The scarcity of empirical evidence for emerging economies and the importance of working capital efficiency motivate the research on the working capital–financial performance relationship. The paper adopts a quantitative approach using different panel data techniques (ordinary least squares, fixed effects, and panel-corrected standard errors models). The empirical results report an inverted U-shape relationship between working capital level and firm profitability, meaning that working capital has a positive effect on the profitability of Polish firms to a break-even point (optimum level). After the break-even point, working capital starts to negatively affect firm profitability. The study brings theoretical and practical contributions. It extends and complements the literature on the field by highlighting new evidence on the non-linear interrelation between working capital management (WCM) and corporate performance in Poland. From the practitioners’ perspective, the results highlight the importance of WCM for firm profitability.

scholarly journals Extract Or Not Extract? The Effect of Familism on Stock Option Plans

2016 ◽  
Vol 11 (5) ◽  
pp. 82 ◽  
Author(s):  
Claudia Arena ◽  
Simona Catuogno ◽  
Alessandro Cirillo ◽  
Luca Pennacchio
Keyword(s):  
Family Involvement ◽  
Family Firms ◽  
Stock Option ◽  
Policy Implications ◽  
Minority Shareholders ◽  
Rent Extraction ◽  
Strike Price ◽  
Listed Firms ◽  
Market Index ◽  
Managerial Positions

<p>There is an ongoing debate in managerial literature regarding the aim of stock option plans (SOPs). In this paper we analyse whether and to what extent the family involvement in ownership and managerial positions affects the use of SOPs as tools to extract rents. By examining a sample of plans issued by Italian listed firms, we classify the SOPs according to their characteristics (i.e. vesting period, lock-up, strike price, market index) and identify three different clusters namely Rent SOPs, Non-Rent SOPs, Hybrid. After controlling for CEO family, board size, equity owned by minority shareholders, and other firm-specific characteristics, we find that family firms are less likely to adopt SOPs for rent extraction purpose. We also find that SOPs specifically granted to family members are less likely to pursue rent extraction goals. Our findings are robust against different specifications of family firms. This paper offers important theoretical contributions to management research and insightful policy implications for all family owned listed firms.</p>

scholarly journals Oil, Nontax Revenue, and the Redistributional Foundations of Regime Stability

2009 ◽  
Vol 63 (1) ◽  
pp. 107-138 ◽  
Author(s):  
Kevin M. Morrison
Keyword(s):  
Time Series ◽  
Time Series Analysis ◽  
Foreign Aid ◽  
Social Spending ◽  
Government Revenue ◽  
Cross Sectional ◽  
Oil Companies ◽  
Regime Stability ◽  
The World ◽  
Regime Types

AbstractNontax revenues make up a substantial amount of government revenue around the world, though scholars usually focus on individual sources of such revenue (for example, foreign aid and state-owned oil companies). Using a theory of regime change that builds on recent models of the redistributional foundations of dictatorships and democracies, I generate hypotheses regarding all nontax revenue and regime stability. I argue that an increase in nontax revenue should be associated with less taxation of elites in democracies, more social spending in dictatorships, and more stability for both regime types. I find support for all three of these hypotheses in a cross-sectional time-series analysis, covering all countries and years for which the necessary data are available. Significantly, I show that the particular source of nontax revenue does not make a difference: they all act similarly with regard to regime stability and the causal mechanisms.

scholarly journals Do families shape corporate governance structures?

2009 ◽  
Vol 15 (3) ◽  
pp. 327-345 ◽  
Author(s):  
María Sacristán Navarro ◽  
Silvia Gómez Ansón
Keyword(s):  
Corporate Governance ◽  
Empirical Evidence ◽  
Family Firms ◽  
Family Firm ◽  
Family Ownership ◽  
Governance Structures ◽  
Listed Firms ◽  
Board Committees ◽  
Spanish Family ◽  
Open Question

AbstractThis paper provides empirical evidence of family firm corporate governance structures, by examining a set of corporate governance characteristics of 132 non-financial Spanish listed firms. Results show that family firm boards present differential characteristics and that different patterns of family ownership configurations do not affect family firm corporate governance structures. We find that Spanish family firm boards are smaller than those in non-family firms. Family firm directors own a larger fraction of firm shares and have longer Chairman tenure than non-family firms, and family firms use fewer voluntary board committees – such as nomination and remuneration committees and executive committees. Besides, family firm boards and committees are biased towards insiders. Whether these differential characteristics affect other minority non-family shareholders negatively remains an open question.

scholarly journals A cross-sectional study on awareness, attitude and perception of COVID 19 among the people of Kingdom of Saudi Arabia

2020 ◽  
Vol 13 (41) ◽  
pp. 4297-4306
Author(s):  
Jerlin Priya Lovelin Auguskani ◽  
Keyword(s):  
Saudi Arabia ◽  
Public Awareness ◽  
World Health ◽  
Disease Spread ◽  
Research Approach ◽  
Kingdom Of Saudi Arabia ◽  
Cross Sectional ◽  
Corona Virus ◽  
The People ◽  
The World

Background/Objectives: Corona virus disease 2019 (COVID-19) has been accepted as a pandemic by the World Health Organization in the month of March 2020. Globally many efforts have been made to inhibit the spread of the disease through various strategies to create public awareness and changing personal behaviors. According to WHO report as on 2nd of October 2020, the mortality was 34,079,542 and morbidity rate of 1,015,963. In Saudi Arabia, there are 335,578 positive cases of coronavirus, 4,823 deaths and 320,348 recovered from illness. Keeping this in view, the present study was conducted to understand the level of awareness, attitude and perception regarding prevention and control of COVID 19 among people of the Kingdom of Saudi Arabia. Methods: Quantitative research approach was adopted with Cross sectional descriptive research design. Data was collected through the online semi structured questionnaire. The questionnaire has four sections including demographic variable, awareness, attitude and perception. The analysis is based on 301 respondents from 13 regions of the Kingdom of Saudi Arabia. Descriptive statistics was used to analyze the data. Findings: COVID 19 outbreak threaten the life and wellbeing of people around the world. The study finding shows that the people of Kingdom of Saudi Arabia have adequate awareness in various component of corona virus with positive attitude and good practices with regard to disease spread. Also, majority of young people mentioned that they attained awareness from social media, whereas the other age group mentioned as MOH as the major source of information. Hence, constant public educational campaign with various sources have added advantage with present outcome. Novelty: While COVID 19 outbreak threaten the life and wellbeing of people around the world, it’s vital to constantly create awareness in cause, spread, treatment and prevention to control its impact further. Keywords: COVID 19; awareness; attitude; practice; Coronavirus

The Effects of Government System Fractionalization on Satisfaction With Democracy

2017 ◽  
Vol 6 (3) ◽  
pp. 593-611 ◽  
Author(s):  
Pablo Christmann ◽  
Mariano Torcal
Keyword(s):  
Time Series ◽  
Comparative Study ◽  
Opposite Effect ◽  
Cross Sectional ◽  
Individual Level ◽  
Satisfaction With Democracy ◽  
Institutional Determinants ◽  
The World ◽  
The Individual ◽  
The Comparative Study

Consensual-pluralistic institutional features of representative democracies have traditionally been associated with satisfaction with democracy (SWD). However, more recent studies report contradictory results on the effects of some of these institutional determinants on SWD. This article confirms these puzzling findings by showing that electoral proportionality increases SWD while other pluralistic factors such as government fractionalization produce the opposite effect. We illustrate this duality of counteracting effects by expanding the number of cases under study to different regions of the world in a comprehensive time-series cross-sectional sample of 58 democracies between 1990 and 2012. In the second part of the paper, we are able to reconfirm these findings at the individual level by employing survey data from the Comparative Study of Electoral Systems.

Socio-Cultural Impacts on Drug Trafficking Trends in Europe

2015 ◽  
Vol 23 (4) ◽  
pp. 383-406 ◽  
Author(s):  
Diana S. Dolliver
Keyword(s):  
Time Series ◽  
Drug Trafficking ◽  
Multivariate Time Series ◽  
Criminological Theory ◽  
Future Research ◽  
Cross Sectional ◽  
Crime Type ◽  
Anomie Theory ◽  
The World ◽  
Global Patterns

A myriad of national and international publications have detailed global patterns of drug trafficking for decades, with recent reports identifying Europe as a global consumption “hotspot” for the majority of popular drugs in the world. Yet, despite increasing levels of drug trafficking worldwide, scholars have not routinely examined this crime-type through the lens of a socio-cultural criminological theory. As such, this empirical study employed guidance from Institutional Anomie Theory. Data were collected from fourteen countries in Europe from 1995 to 2009 and analyzed using pooled cross-sectional multivariate time series. Trafficking patterns in cannabis, heroin, cocaine, and amphetamines were operationalized using officially reported drug seizure amounts. The findings from this study emphasize the need for differentiation between drug-types in future research, but also illustrate support for use of the theoretically informed variables.

scholarly journals The Validity of the Enns and Koch, and Berry et al. Measures of State Policy Mood: Continuing the Debate

2021 ◽  
pp. 1-12
Author(s):  
William D. Berry ◽  
Richard C. Fording ◽  
Russell L. Hanson ◽  
Justin K. Crofoot
Keyword(s):  
Time Series ◽  
Time Series Analysis ◽  
Empirical Evidence ◽  
State Policy ◽  
Face Validity ◽  
The South ◽  
Cross Sectional ◽  
Series Analysis ◽  
Statistical Results ◽  
Over Time

Abstract Enns and Koch question the validity of the Berry, Ringquist, Fording, and Hanson measure of state policy mood and defend the validity of the Enns and Koch measure on two grounds. First, they claim policy mood has become more conservative in the South over time; we present empirical evidence to the contrary: policy mood became more liberal in the South between 1980 and 2010. Second, Enns and Koch argue that an indicator’s lack of face validity in cross-sectional comparisons is irrelevant when judging the measure’s suitability in the most common form of pooled cross-sectional time-series analysis. We show their argument is logically flawed, except under highly improbable circumstances. We also demonstrate, by replicating several published studies, that statistical results about the effect of state policy mood can vary dramatically depending on which of the two mood measures is used, making clear that a researcher’s measurement choice can be highly consequential.

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