scholarly journals A survey of corporate governance studies in China

2013 ◽  
Vol 10 (4) ◽  
pp. 61-70
Author(s):  
Larry Li ◽  
Tony Naughton
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Organizational Structure ◽  
Driving Forces ◽  
Research Direction ◽  
Future Research ◽  
Future Research Direction ◽  
Board Characteristics ◽  
Governance Practices ◽  
And Performance

This paper reviews the theoretical and empirical corporate governance literature in China, concentrating on relationships between ownership, board characteristics and firm performance. In addition, we explore the recent floatation of non-tradable shares and relationship contracting (Guanxi), which are two unique corporate governance issues in China. Overall, the understanding of the key driving forces of firm organizational structure, corporate governance practices, and performance remains largely inconclusive and we make recommendations for future research direction.

scholarly journals Corporate governance and firm performance in an emerging market: Evidence from Barbados

2019 ◽  
Vol 1 (2) ◽  
pp. 51-61
Author(s):  
Philmore Alleyne ◽  
Renée M. Thompson
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Emerging Market ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Study Approach ◽  
Political Interference ◽  
Governance Practices ◽  
The Board Of Directors ◽  
And Performance

Good corporate governance practices are regarded as important in reducing risk for investors, attracting investment capital and improving the performance of companies. This paper investigates the relationship between corporate governance practices of the board of directors and firm performance of Colonial Life Insurance Company (CLICO), a large insurance company which collapsed in Barbados, and caused significant financial losses to policyholders. Using a case study approach, we used information from publicly available documents via print media and the internet to research the corporate governance practices and performance of CLICO. Findings reveal that the collapse of CLICO was a result of poor corporate governance mechanisms including lack of board independence, CEO and Chairman dual relationship, poor regulatory environment, non-functioning sub-committees, failure to manage risks, interlocking directorship, political involvement and lack of diversity. Recommendations include effective regulation, separation of the roles of CEO and Chairman, reduced political interference and more diversity.

scholarly journals Gender Diversity on the Board of Director and Firm Performance: Agency Theory Perspective

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Lela Hindasah ◽  
Mugi Harsono
Keyword(s):  
Corporate Governance ◽  
Selection Process ◽  
Gender Diversity ◽  
Future Research ◽  
Company Performance ◽  
Female Directors ◽  
Board Of Director ◽  
Governance Practices ◽  
And Performance ◽  
Board Gender Diversity

Research aims: This paper provides a literature review on the influence of board of directors' gender diversity on financial and non-financial performance.Design/Methodology/Approach: This research used the content analysis identified from previous studies based on the proxies employed. The article selection process was carried out from reputable international journals published in 2017-2020, resulting in 50 articles discussing board gender diversity and performance.Research findings: This study's results are a conceptual model and future research developments. Research related to female directors and performance has been much carried out. Hence, future research suggests correlating female directors based on monitoring characteristics, human capital board, and demographics. The influence of gender diversity on non-financial performance is also rarely studied.Theoretical contribution/Originality: Identification of gender diversity attributes associated with financial and non-financial performancePractitioner/Policy implication: This study provides valuable information for policymakers or regulators to refine future corporate governance policies and increase understanding of the relationship between corporate governance practices and company performance as measured by financial and non-financial performance.Research limitation/Implication: This study is based on only 50 articles in the last four years.

Corporate Governance and Firm Performance in Indian Textile Companies: Evidence from NSE 500

2020 ◽  
Vol 13 (2) ◽  
pp. 210-226
Author(s):  
Ishfaq Gulzar ◽  
S. M. Imamul Haque ◽  
Tasneem Khan
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Performance Measures ◽  
Board Independence ◽  
Board Size ◽  
Ceo Duality ◽  
Board Characteristics ◽  
And Performance ◽  
Business Practitioners ◽  
Measure Of Performance

This article endeavours to study the relationship between corporate governance and performance for a sample of 11 textile firms listed on Nifty 500 Index in India. The article examines whether the board characteristics have any impact on performance measures. The data covers the time period from 2014 to 2018. The study uses board size, board meetings, board independence as corporate governance surrogates from different dimensions along with other widely uses of independent variables to assess their impact in a panel data-based regression. The findings provide mixed results between the board characteristics and the firm performance. Board size and firm performance is statistically significant with return on assets and Tobin’s Q. Whereas, board independence, board meetings and CEO duality are not statistically significant with both accounting-based measure of performance and market-based measure of performance. The article provides empirical evidence that board independence, board meetings and CEO duality is not necessary for listed textile companies in India and would be of interest to regulatory bodies, business practitioners and academic researchers. The main value of this article is the analysis of the effect of corporate governance on performance measures on listed Indian textile industries.

Corporate Governance and Performance of Shariah-Compliant Companies

2020 ◽  
pp. 547-566
Author(s):  
Mustafa Bin Mohd Hanefah ◽  
Muhammad Iqmal Hisham Kamaruddin ◽  
Rosnia Masruki ◽  
Mohd Marzuki Ismail
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Negative Correlation ◽  
Consumer Products ◽  
Board Size ◽  
Governance Practices ◽  
And Performance ◽  
Using Data ◽  
Code Of Corporate Governance ◽  
The Relationship

This chapter examines the relationship between corporate governance practices and firm performance. The characteristics of the board of Shari'ah-compliant companies in consumer products counter of Bursa Malaysia were examined against the firm's performance using data from 77 companies from 2014 to 2016. Based on the result of multiple regression; board size, Muslim chairman, and Muslim director have a weak positive correlation with the performance of the firms. However, directors with Shari'ah background seem to have a negative correlation with the performance of the firms. The findings of the chapter would be very useful to the regulators to improve the Malaysian Code of Corporate Governance (MCCG). The findings also help to fill the gap on scarce literature that study the relationship between the corporate governance practices involving Muslim characteristics and performance.

Chief executive officer compensation, corporate governance and performance: evidence from KSA firms

2019 ◽  
Vol 19 (6) ◽  
pp. 1216-1235 ◽  
Author(s):  
Gaafar Abdalkrim
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Organizational Performance ◽  
Ceo Compensation ◽  
Chief Executive ◽  
Listed Companies ◽  
Future Research ◽  
Content Type ◽  
Interesting Insight ◽  
And Performance

Purpose This paper aims to examine the relation between chief executive officers (CEOs) compensation and organizational performance in KSA listed companies. It also aims at investigating the effect of corporate governance mechanisms according to this relation. Design/methodology/approach The researcher uses unbalanced panel data regression analysis on a sample of 181 KSA listed companies from 2005 to 2014. Findings The estimation result suggests that CEO Compensation is positively associated with firm performance. The results also show that corporate governance positively and significantly affect the relation between CEO Compensation and performance. Research limitations/implications This research, like any other, has some limitations that can be addressed by future research. The important limitation of this research is that the generalizability of the results is limited by the fact that the majority of the firms in the sample are from material sector which is represented by 42 (32 per cent) firms versus pharmaceutical sector which is represented by only one (1 per cent) firm. Therefore, a future research can tackle the effect of CEO compensation, corporate governance on future firm performance independently. Practical implications The findings have some important implications for stakeholders such as policymakers, listed firms managers, business owners and academic researchers in the emerging KSA market. Besides, understanding the relation between CEO compensation, corporate governance and firm performance can aid the success of corporate modernization and economic reform in KSA. Originality/value The research attempts to fill a substantial gap in the literature by providing the first rigorous econometrics evidence on CEO compensation, corporate governance and firm performance. In addition, it provides interesting insight for researches, decision-makers and board members in KSA.

scholarly journals Scientometric Analysis of Corporate Social Responsibility, Corporate Social Performance and Financial Performance Based on Corporate Governance

2020 ◽  
Vol 214 ◽  
pp. 03014
Author(s):  
Chung-Lien Pan ◽  
Lin Yu ◽  
Zhuoshan Lin ◽  
Jialong Li ◽  
Yu-Chun Pan
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Research Direction ◽  
Future Research ◽  
Scientometric Analysis ◽  
Future Research Direction ◽  
Corporate Social

The economic growth and social responsibility of the company have become hot topics of concern to society. Fulfilling a company’s obligations of social responsibility can establish a good corporate image and benefit the company’s long-term development. Tracking the research fronts in this field can help to understand the hotspots that scholars pay attention to and fill the gaps in the field. We used the scientometric analysis to explore corporate governance research from 1987 to 2020 based on the Web of Science (WoS) database. Our research shows that corporate social responsibility focus on topics such as sustainability, social responsibility, and shareholders, and financial performance will be more skewed towards financial crisis, company value, and other research. The main publications are the Journal of Business Ethics and Corporate Governance-An International Review. The increase in the number of publications and citations reflects the strong interest of scholars in this research area. In this area, the organizations of developed countries are dominant, especially the United States, and China has the largest number of funding agencies, suggests that the economic powers are paying more attention to the literature on economic management. However, corporate social performance articles are relatively small, and strengthening this area can become a future research direction. strengthening this area can become a future research direction.

scholarly journals The Unique Nature of Chinese Corporate Governance Practices

1970 ◽  
Vol 28 (1) ◽  
pp. 23-51
Author(s):  
Yan Liu ◽  
Guclu Atinc ◽  
Mark Kroll
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Positive Relationship ◽  
Negative Relationship ◽  
Board Structure ◽  
Firm Age ◽  
Governance Practices ◽  
Broad Array ◽  
Unique Nature ◽  
And Performance

This study investigates a fairly broad array of factors which may influenceChinese corporate governance and examines the relationships between firm age, topmanagement team age, board structure, ownership structure and firm performancein publicly-listed Chinese firms. As we anticipated, owing to the unique context ofcorporate China, results support a negative relationship between firm age and firmperformance, a positive relationship between percentage of independent directorsand firm performance, and a positive relationship between the presence of foreignblockholders and firm performance. This study also found a positive relationshipbetween the percentages of shares owned by the state as a blockholder and firm performance,but found that neither private nor institutional blockholders influence firmoutcomes. Results also indicate that the relationship between top management ageand firm performance is mediated by firm size. The expected negative relationshipbetween CEO duality and performance and positive relationship between board sizeand firm performance is not supported. These results indicate that there are someunique features of Chinese governance practices that need to be considered by researchersseeking to test the applicability of western theories in the Chinese context.

Corporate Governance and Performance of Organizations

2018 ◽  
Vol 9 (5) ◽  
pp. 439-446
Author(s):  
Hamid Ait lemqeddem ◽  
◽  
Mounya Tomas ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Theoretical Foundation ◽  
Quantitative Approach ◽  
Governance Practices ◽  
Deductive Method ◽  
Private And Public ◽  
Is Theory ◽  
And Performance ◽  
Do So

There is renewed interest in the need to focus on corporate governance in an environment where it is a performance imperative for all small and large organizations, private and public, beginner or established.The purpose of this study is to demonstrate the place of corporate governance practices in organizations to ensure that the board, officers, and directors take action to protect shareholder interests and all stakeholders. It is important to focus on the effect of these practices on improving performance and competitiveness. To do so, we opted for the hypothetico-deductive method with a quantitative approach. Our theoretical foundation is theory is agency theory.

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