scholarly journals Editorial: A diversified outlook at the theory and practices of corporate governance

2021 ◽  
Vol 19 (1) ◽  
pp. 4-6
Author(s):  
Marco Tutino ◽  
Áron Perényi ◽  
Alexander Kostyuk
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Public Sector ◽  
Firm Performance ◽  
Social Responsibility ◽  
Financial Management ◽  
Accounting Standards ◽  
Corporate Ownership ◽  
Recent Issue ◽  
And Control

The recent issue of the Corporate Ownership and Control journal (volume 19, issue 1) covers the following key themes: accounting standards, corporate governance and social responsibility, public sector governance, financial management and firm performance. The authors represent a range of developed and developing countries, making this issue of the journal truly international.

scholarly journals EDITORIAL: Corporate governance, accounting and finance research outlook

2019 ◽  
Vol 16 (2) ◽  
pp. 4-6
Author(s):  
Doriana Cucinelli
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Accounting Standards ◽  
Board Governance ◽  
Corporate Ownership ◽  
Corporate Social Responsibility Reporting ◽  
Corporate Social ◽  
And Control ◽  
Governance Disclosure

The recent volume of the journal “Corporate Ownership and Control” is devoted to very interesting issues related to the corporate governance such as accounting standards, efficacy of board governance, corporate social responsibility reporting, corporate governance disclosure, ownership and firms’ performance.

scholarly journals Editorial: Fundamental pillars of corporate governance research

2020 ◽  
Vol 18 (1, Special Issue) ◽  
pp. 222-224
Author(s):  
Paolo Tenuta ◽  
Alexander Kostyuk
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Stock Market ◽  
Earnings Management ◽  
Board Of Directors ◽  
Financial Reporting ◽  
Corporate Ownership ◽  
Special Issue ◽  
The Board Of Directors ◽  
And Control

Corporate governance is a system designed to improve corporate performance through supervision of management performance to ensure accountability to stakeholders based on a regulatory framework. Board of directors as a field of research becomes a major point for intersection of many other issues of corporate governance, such as financial reporting, firm performance, earnings management, stock market, and reaching even well-established fields of research such as accounting and finance. Most of the papers published in this issue (volume 18, issue 1, special issue) of the Corporate Ownership and Control journal are linked to the board of directors’ issues directly or indirectly.

scholarly journals Public sector financial management and democracy quality: The role of the accounting systems

2020 ◽  
Vol 23 (2) ◽  
pp. 238-248
Author(s):  
Marco Bisogno ◽  
Beatriz Cuadrado-Ballesteros
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Management Practices ◽  
Accounting Standards ◽  
Accrual Accounting ◽  
Accounting Systems ◽  
Basis System ◽  
Accrual Basis ◽  
And Control

Los cambios en los marcos contables, como la adopción de sistemas contables basados en el devengo (accrual accounting) o la implementación de las Normas Internacionales de Contabilidad del Sector Público (International Public Sector Financial Accounting Standards, IPSAS), se consideran importantes reformas de la gestión financiera del sector público. Estudios anteriores han investigado en gran medida los efectos de estas reformas sobre la transparencia y la rendición de cuentas, teniendo en cuenta también el nivel de participación de los ciudadanos del sector público. Este estudio tiene como objetivo examinar los efectos de estas prácticas de gestión financiera sobre la calidad de la democracia. Concretamente, se centra en estudiar el papel de los sistemas de contabilidad a nivel internacional y ofrece un análisis comparativo de la adopción de las IPSAS y del sistema basado en los accruals. Utilizando una muestra de 33 países de la OCDE entre los años 2010 y 2014, los resultados sugieren que el uso de un sistema contable basado en los accruals no ha sido suficiente para mejorar la calidad de democracia; sin embargo, los hallazgos indican que la implementación de las IPSAS sí consigue mejorar la calidad de la democracia, principalmente debido a los principios de igualdad y control. Changes in accounting frameworks, such as those based on the adoption of accrual-accounting systems or the implementation of International Public Sector Accounting Standards (IPSAS), are considered to be an important feature of public-sector financial management practices and reforms. Previous studies have largely investigated the effects of these reforms on transparency and accountability, also taking into account the dimension of the participation of citizens. This study aims to examine the effects of public-sector financial management practices regarding the quality of democracy. It focuses on the role of the accounting systems in use, offering an international view and comparative analysis of IPSAS and accrual-basis system adoption. By using a sample of 33 OECD countries between 2010 and 2014, the findings which emerge from the analysis suggest that accrual-basis accounting has proven not to be sufficient for a good democracy quality; however, they indicate that IPSAS implementation improves the democracy quality, mainly due to equality and control principles.

scholarly journals Determinants of public sector accounting reforms

2020 ◽  
Vol 33 (2/3) ◽  
pp. 191-205
Author(s):  
Chitra Sriyani De Silva Lokuwaduge ◽  
Keshara De Silva
Keyword(s):  
Developing Countries ◽  
Public Sector ◽  
Sri Lanka ◽  
Developing Country ◽  
Financial Management ◽  
Accounting Standards ◽  
Adoption Process ◽  
Sri Lankan ◽  
Content Type ◽  
Public Sector Accounting

Purpose The purpose of this paper is to extend the New Public Financial Management concept and the contingency model approach to an analysis of the determinants of the accrual-based International Public Sector Accounting Standards (IPSAS) adoption process as a financial management reform in Sri Lanka, a developing country in Asia. Design/methodology/approach Based on the prior literature, this paper develops a framework to highlight the importance of accrual-based reforms in public sector accounting policies to enable better transparency and accountability. It shows the extent to which Sri Lankan public sector institutions have adopted IPSAS-based accounting standards and the limitations of adopting these standards in a developing country, using documentary analysis. Findings In developing countries, the public sector faces practical problems when adopting reforms due to limited institutional capacity, high political involvement and bureaucracy in decision making. This paper concludes that significant policy changes towards the adoption of international accounting standards have gained momentum over the last decade in Sri Lanka while the much larger economies in Asia are still studying this process. However, the prevailing political uncertainty in Sri Lanka has negatively impacted the implementation process. Originality/value Relatively little is known about the diffusion of, and the difficulties in, implementing accrual-based IPSAS in the Asian region. This paper is an attempt to fill this gap by exploring the Sri Lankan experience. This could be applied by other developing countries in Asia, including the high-growth nations, for policy adoption and accounting harmonisation.

scholarly journals Editorial: Geographical insights of the corporate governance research

2021 ◽  
Vol 18 (4) ◽  
pp. 4-6
Author(s):  
Alexander Kostyuk
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Mergers And Acquisitions ◽  
Executive Compensation ◽  
Board Of Directors ◽  
International Comparison ◽  
Corporate Ownership ◽  
Recent Issue ◽  
The Board Of Directors ◽  
And Control

The recent issue of Corporate Ownership and Control journal contains both empirical and review papers describing the wide variety of corporate governance issues from the board of directors and executive compensation to mergers and acquisitions, stock market and institutional investors. The geographical representation of the papers provides an excellent opportunity for international comparison.

scholarly journals Editorial: A multidimensional landscape of corporate governance research

2021 ◽  
Vol 18 (3) ◽  
pp. 4-6
Author(s):  
Áron Perényi
Keyword(s):  
Public Finance ◽  
Corporate Governance ◽  
Firm Performance ◽  
Fiscal Policy ◽  
Current Issue ◽  
Corporate Ownership ◽  
And Control

The current issue of Corporate Ownership and Control presents 16 articles focussing on five topic areas: corporate governance, audit and compliance, firm performance and efficiency, diversity and ethics, and public finance and fiscal policy.

scholarly journals Institutional Isomorphism And Adoption Of International Public Sector Accounting Standards By African Countries

2019 ◽  
Vol 7 (05) ◽  
Author(s):  
Dr. Muganda Munir Manini
Keyword(s):  
Public Sector ◽  
Financial Reporting ◽  
Financial Management ◽  
Public Funding ◽  
Accounting Standards ◽  
Target Population ◽  
Institutional Isomorphism ◽  
African Countries ◽  
The Public ◽  
Public Sector Accounting

The international harmonization of financial reporting standards in the public sector is one of the significant public sector accounting reforms which have gained prominence in the recent past under the New Public Financial Management order. However, previous empirical evidence provided mixed results on the extent of African countries’ decision on the adoption of International Public Sector Accounting Standards and its relationship with institutional isomorphism factors. The purpose of this study was to examine the influence of institutional isomorphism (normative, mimetic and coercive) on the adoption International Public Sector Accounting Standards by African countries. The target population was 54 countries; however the final sample was 29 countries which comprised the dataset. A logistic regression analysis was thereafter conducted. Based on the Institutional Theory, the study revealed external public funding (coercive isomorphic pressure), the countries’ global competitiveness (mimetic isomorphic pressure), and human capital (normative isomorphic pressure) were non significant factors in a countries decision to adopt IPSAS. This study contributes to the literature on the international accounting in the public sector. The results of the study have significant managerial and theoretical implications for accounting standards regulators, researchers, and multilateral organizations.

scholarly journals Corporate governance, ownership and control: A review of recent scholarly research

2018 ◽  
Vol 14 (1) ◽  
pp. 50-56 ◽  
Author(s):  
Alex Kostyuk ◽  
Yaroslav Mozghovyi ◽  
Dmytro Govorun
Keyword(s):  
Corporate Governance ◽  
Corporate Ownership ◽  
Board Diversity ◽  
Existing Problems ◽  
The Past ◽  
Corporate Governance Mechanisms ◽  
Wide Range ◽  
Recent Trends ◽  
Performance Auditing ◽  
And Control

This manuscript is aimed at highlighting the most recent trends in corporate governance, ownership and control based on the manuscripts presented at the international conference “Corporate Governance, Ownership and Control” that took place in Rome on February 27, 2018. We have also used reputable papers published in the relevant academic journals in the past to support the arguments stated by the authors of the papers, presented at the conference. This paper covers a wide range of corporate governance topics in corporate ownership and control toward corporate governance mechanisms, such as board of directors, the board diversity, directors’ remuneration, firm performance, auditing and accounting, etc. We saw a growing interest of researchers to widen the scope of their major research to link it to corporate ownership and control issues. Currently, corporate governance research follows two major routs: classical empirical corporate governance research and multidisciplinary research aimed at findings non-conventional methods to solution of existing problems.

Sign in / Sign up

Export Citation Format

Share Document