scholarly journals Corporate governance, ownership and sustainability

2016 ◽  
Vol 13 (2) ◽  
pp. 606-612 ◽  
Author(s):  
Daniela M. Salvioni ◽  
Francesca Gennari
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Performance Indicators ◽  
Corporate Boards ◽  
Bottom Line ◽  
The Sustainable Development ◽  
Fair Disclosure ◽  
Governance Systems ◽  
The World ◽  
Common Goals

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.

scholarly journals Ownership structure and performance: A comparison of different corporate governance systems

2005 ◽  
Vol 2 (4) ◽  
pp. 76-85 ◽  
Author(s):  
Alberto de Miguel Hidalgo ◽  
Julio Pindado ◽  
Chabela de la Torre
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Ownership Concentration ◽  
Institutional Factors ◽  
Insider Ownership ◽  
Market For Corporate Control ◽  
Governance Systems ◽  
The World ◽  
And Performance ◽  
The Relationship

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.

scholarly journals Board Diversity: More Than a Gender Issue?

2015 ◽  
Vol 20 (1) ◽  
pp. 123 ◽  
Author(s):  
Michael Adams
Keyword(s):  
Corporate Governance ◽  
Gender Diversity ◽  
Governance Structure ◽  
Share Price ◽  
Corporate Boards ◽  
Board Diversity ◽  
The World ◽  
The Usa ◽  
The 1960S ◽  
The Right

There has been extensive research conducted on the importance of corporate governance around the world. The research seems to demonstrate that, regardless of whether corporations are based in common law or civil code systems, their longevity and sustainability arise from good corporate governance. However, the evidence does not clearly demonstrate a correlation between a particular organisation’s governance structure and practices and its share price. Around the world the question of board diversity is gaining in importance. The beginning of the debate in the 1960s centred on gender. While it is essential to conduct a debate on gender diversity, other aspects of diversity should also be considered. Race, culture and even age may have a direct impact on the performance of a board. Australian companies, particularly those listed on the ASX, have a poor record of instituting any type of diversity. The USA and European Union have a much wider range of policies to promote diversity on corporate boards. The key question is how best to regulate to promote diversity across gender, race, culture and age. The historical approach of regulating diversity by setting targets and requiring disclosure does not seem to have delivered substantial change. Is it the right time to impose mandatory requirements, or are there other alternative strategies? Without doubt change is required, but there will be opposition.

scholarly journals Gender Diversity in the Boardroom and It's Impacts: Is the Example of Norway a Way Forward?

2015 ◽  
Vol 20 (1) ◽  
pp. 25 ◽  
Author(s):  
Beate Sjafjell
Keyword(s):  
Corporate Governance ◽  
Gender Equality ◽  
Empirical Studies ◽  
Gender Diversity ◽  
Corporate Boards ◽  
Planetary Boundaries ◽  
The World ◽  
Sustainable Value ◽  
Mandatory Rules ◽  
High Level

Norway is one of the most egalitarian countries in the world, with a high level of gender equality and a high percentage of women at work. Nevertheless, mandatory rules appeared necessary to bring about changes in the composition of corporate boards. This article describes the coup that made Norway the first country in the world to mandate gender diversity on corporate boards and outlines Norway’s innovative legislative approach to this issue. The significance of gender diversity to corporate governance is discussed, drawing on empirical studies of the effect of diversity on the performance of companies. The article also discusses the potentially broader impact of gender diversity in the boardroom, including the pressing question of whether gender diversity in the boardroom can help companies create sustainable value within the planetary boundaries.

scholarly journals Global Economic Disruption in Indonesia in Covid – 19 Pandemic

2021 ◽  
Author(s):  
Aditya Pratama
Keyword(s):  
Corporate Governance ◽  
Business Development ◽  
Market Valuation ◽  
Downward Trend ◽  
Economic Conditions ◽  
Corporate Boards ◽  
Slowing Down ◽  
Good Corporate Governance ◽  
The World ◽  
The Relationship

In the midst of uncertainty in the world today, one of the best alternatives can be used by companies to stay afloat and generate profits is by transmuting businesses and their workforce in keeping with changing information and technology developments business patterns. The downward trend in export and import values from 2015 has made business a big deal business development in Indonesia in 2018 is limited. Economic conditions in 2018 tends to be slowing down and volatile, accompanied by the uncertainty that originates of global finance.In conditions of economic disruption (until 2020), companies are required to continue innovating and creating diversified products. But in reality, there are many companies in Indonesia still don't know what action to take. From years 2016 to 2018, business competition is becoming increasingly fierce which requires leaders or corporate boards to convert company resources into values added which is beneficial for the stakeholders. This can be done as is Good Corporate Governance (GCG) which is a set of regulations organize, process, and supervise the relationship between company managers and stakeholders increase the value and market valuation of the company.

scholarly journals Do corporate governance practices differ across different market capitalization of the firms: Some empirical findings from India?

2015 ◽  
Vol 12 (2) ◽  
pp. 435-442
Author(s):  
Uday Khanna ◽  
Pankaj Madan
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Evolutionary Stage ◽  
Market Capitalization ◽  
Board Characteristics ◽  
Governance Systems ◽  
Governance Practices ◽  
The Impact

Worldwide considerable amount of research on corporate governance focuses on ownership structure and board characteristics of companies and linking these to their performance but fewer studies have been found on the linkage between market capitalization of the firms and the quality of corporate governance practices. This study is an attempt to showcase the linkage between market capitalization and quality of corporate governance practices of the firm. The purpose of this paper is to study the impact of firms with different market capitalization on the quality of corporate governance in Indian companies. As India is one of such countries where corporate governance systems are in the evolutionary stage, the findings could also be useful for other newly liberalized and globalizing economies.

scholarly journals Values Based Ideal Types of Corporate Governance Systems

2017 ◽  
Vol 2 (1) ◽  
pp. 13 ◽  
Author(s):  
Supriya Banerjee ◽  
Mike F. Wahl
Keyword(s):  
Corporate Governance ◽  
Dynamic Environment ◽  
Secondary Data ◽  
Research Problem ◽  
Company Law ◽  
Data Set ◽  
Ideal Types ◽  
Ownership Strategy ◽  
Governance Systems ◽  
The World

<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>

Effects of board and ownership structure on corporate performance

2014 ◽  
Vol 4 (1) ◽  
pp. 117-130 ◽  
Author(s):  
Houda Arouri ◽  
Mohammed Hossain ◽  
Mohammad Badrul Muttakin
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Positive Association ◽  
Bank Performance ◽  
Corporate Boards ◽  
Governance Mechanism ◽  
Government Ownership ◽  
Significant Positive Association ◽  
Content Type ◽  
Gcc Countries

Purpose – The purpose of this paper is to examine the effect of ownership structure and board composition on bank performance as measured by Tobin's Q and market to book value in Gulf Co-Operation Council (GCC) countries. Design/methodology/approach – A dataset of 58-listed banks of GCC countries for the period 2010 is used. The methodology is based on multivariate regression analysis. Findings – The result shows that the extent of family ownership, foreign ownership and institutional ownership has a significant positive association with bank performance. However, government ownership does not have a significant impact on performance. Other governance variables such as CEO duality and board size appear to have an insignificant impact on performance. Practical implications – Better corporate governance mechanisms are imperative for every company and should be encouraged for the interest of the investors and other stakeholders. The study implies that ownership by corporate governance is more effective for GCC countries. The study also suggests that unlike in western countries, corporate boards may not be an effective corporate governance mechanism in GCC countries. Originality/value – The paper extends the findings of the corporate governance and bank performance relationship in GCC countries that are neglected in the previous literature.

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