Board of Director Characteristics, Institutional Ownership, and Fraud: Evidence from Australia

2004 ◽  
Vol 23 (2) ◽  
pp. 105-117 ◽  
Author(s):  
Vineeta D. Sharma
Keyword(s):  
Research Evidence ◽  
Institutional Ownership ◽  
Board Of Director ◽  
Composition And Structure ◽  
High Incidence ◽  
The Board Of Directors ◽  
Director Characteristics ◽  
The Relationship ◽  
The U.S

Due to the high incidence of fraud in Australia, regulatory reports suggest strengthening the monitoring role of the board of directors (BOD). These reports recommend greater independence and no duality (chairperson of the BOD should not be the CEO) on the BOD. While there is no Australian evidence, research evidence in the U.S. supports these suggested reforms. It is not clear whether the research evidence observed in the U.S. will generalize to the Australian setting because of contextual differences. This study extends the U.S. findings to the Australian context and investigates the relationship between two attributes of the BOD, independence and duality, and fraud. In addition, I examine whether institutional ownership plays a role in the context of fraud. The more highly concentrated institutional ownership in Australia suggests the presence of some relationship. Using a matched sample of fraud and no-fraud firms from 1988–2000, I find that as the percentage of independent directors and the percentage of independent institutional ownership increases, the likelihood of fraud decreases. As expected, the results show a positive relationship between duality and the likelihood of fraud. These results support the call for strengthening the composition and structure of the BOD in Australia.

scholarly journals Do Boards of Directors Really Matter in the Cooperation Behavior of Firms? An Exploratory Analysis in Spain

2020 ◽  
Vol 12 (23) ◽  
pp. 10114
Author(s):  
Maria Sonia Medina-Salgado ◽  
María Sacristán-Navarro ◽  
Luis Ángel Guerras-Martín
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Corporate Strategy ◽  
Financial Firms ◽  
Board Of Director ◽  
The Board Of Directors ◽  
Internal Mechanism ◽  
Director Characteristics ◽  
The Relationship ◽  
Management Effect

This paper explores the relationship between one of the major aspects of the internal mechanism of corporate governance, i.e., the board of directors, and the corporate strategy of cooperation. The study was designed to investigate whether certain board of director characteristics have an influence on the propensity to cooperate in Spanish listed non-financial firms. Our findings reveal that the propensity to cooperate in Spanish firms is driven more by a tight “management effect” whereby the highest probability of occurrence is related to firms with duality on their boards and a lower proportion of nominee directors representing controlling shareholders. This paper adds evidence to the corporate governance-corporate strategy (alliance propensity) discussion in a continental country such as Spain.

BOARD OF DIRECTORS AS A FACTOR OF FIRM PERFORMANCE IN INNOVATIVE COMPANIES

2019 ◽  
Vol 23 (06) ◽  
pp. 1950060
Author(s):  
IRINA BEREZINETS ◽  
KIRILL BEREZKIN ◽  
YULIA ILINA ◽  
IRINA NAOUMOVA
Keyword(s):  
Firm Performance ◽  
Emerging Markets ◽  
Board Of Directors ◽  
Public Companies ◽  
Composition And Structure ◽  
The Board Of Directors ◽  
The Impact ◽  
The Relationship ◽  
D Investment

The emerging markets undergo constant transformations and changes, and thus, a change of strategy can be critical for companies. However, the impact of R&D investment on firm performance and the role of the board of directors that makes decisions about a company’s innovative activities remain inconclusive. This paper investigates the relationship between a board of directors’ composition and structure in innovative companies and firm performance. Using the panel data of innovative Russian public companies that made R&D investments in 2011–2013, we found a positive relationship between the boards’ independence and ROA as an indicator of firm performance. Moreover, it was shown that innovative companies that establish a strategy committee will on average have a higher ROA ratio than innovative companies without such a committee. Innovative firms in emerging markets might consider creating strategic committees and increasing board independence to enhance their performance and increase the number of successful R&D investments.

scholarly journals Configurations Of Board Of Director Composition And Structure, Strategic Attributes And Business Performance

2011 ◽  
Vol 8 (3) ◽  
pp. 24
Author(s):  
E. James Flynn ◽  
Peng S. Chan
Keyword(s):  
Strategic Management ◽  
Board Of Directors ◽  
Business Performance ◽  
Average Performance ◽  
Board Of Director ◽  
Composition And Structure ◽  
The Board Of Directors

Research on the role of the board of directors and configurations of strategic attributes, important areas in strategic management, have proceeded somewhat independently. This study integrated these two streams of research to highlight the configurations among board of director composition and structure, and strategy. Hypotheses that firms with above-average performance would have significantly different configurations of board and strategic attributes compared to firms that have below-average performance were supported.

The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Ghazwan Al-Shiblawi ◽  
Dalal Mahdi ◽  
Mohammed Mahdi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Significant Relationship ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Company Size ◽  
Statistical Population ◽  
The Board Of Directors ◽  
The Relationship

The aim of the present study is to assess The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange. The statistical population under study is listed companies of  Iraq Stock Exchange and the number of companies studied in Iraq is 35, from 2015-2019. The results concluded that there is a statistically significant relationship between the change (increase) of institutional ownership and the performance of the company, and this relationship is direct, as well as the relationship between the change (increase) of institutional ownership and the performance of the company. It can change under the influence of the company's size, and this relationship is negative, meaning the larger the company's size, the weaker the relationship. At the same time, the existence of a relationship between changing the composition of the members of the Board of Directors and the performance of the company was not supported, as well as between changing (increasing) the independence of the Board of Directors and the performance of the company, in addition to the relationship between changing the composition of the Board of Directors. The independence of the Board of Directors and the performance of the company is not affected by the change in the size of the company

The role of the board of directors: Perceptions of managerial elites

2010 ◽  
Vol 16 (2) ◽  
pp. 204-218 ◽  
Author(s):  
Gavin Nicholson ◽  
Cameron Newton
Keyword(s):  
Research Agenda ◽  
Senior Management ◽  
Board Effectiveness ◽  
Senior Managers ◽  
Different Types ◽  
The Board Of Directors ◽  
Board Roles ◽  
Compliance Strategy ◽  
The Relationship

AbstractWe highlight how directors and senior managers perceive the roles of a board to involve overseeing risk and compliance, strategy, governance, developing the CEO and senior management and managing stakeholders. We find that managers and directors perceive board effectiveness as linked to different combinations of these roles and that there appear to be differences in perceptions between different types of firms. We conclude that clarity around the board's role set is critical to furthering the corporate governance research agenda, and that the relationship between board roles and perceived board effectiveness differs between managers and directors.

Boards of Directors in Italian Family Businesses

1996 ◽  
Vol 9 (4) ◽  
pp. 403-421 ◽  
Author(s):  
Guido Corbetta ◽  
Salvatore Tomaselli
Keyword(s):  
Board Of Directors ◽  
Boards Of Directors ◽  
Family Businesses ◽  
Research Project ◽  
Italian Family ◽  
Early Results ◽  
The Board Of Directors ◽  
The U.S ◽  
International Research Project

This paper presents some of the early results of an international research project conducted in Italy and coordinated by Prof. Miguel Angel Gallo. The research project involved Spain, Portugal, Italy, Brazil, Argentina, and the U.S. The authors of this paper are responsible for the Italian part of the project. The project aims to further the understanding of the role of the board of directors in family businesses, and how the board functions.

scholarly journals Effect of Composition and Structure of Metal Oxide Composites Nanostructured on Their Conductive and Sensory Properties

2021 ◽  
Author(s):  
G. N. Gerasimov ◽  
V. F. Gromov ◽  
M. I. Ikim ◽  
L. I. Trachtenberg
Keyword(s):  
Metal Oxide ◽  
Reaction Products ◽  
Active Particles ◽  
Composition And Structure ◽  
Structure Of Metal ◽  
Catalytically Active ◽  
Reducing Gases ◽  
Oxide Composites ◽  
The Relationship

Abstract The relationship between the structure and properties of nanoscale conductometric sensors based on binary mixtures of metal oxides in the detection of reducing gases in the environment is considered. The sensory effect in such systems is determined by the chemisorption of oxygen molecules and the detected gas on the surface of metal oxide catalytically active particles, the transfer of the reaction products to electron-rich nanoparticles, and subsequent reactions. Particular attention is paid to the doping of nanoparticles of the sensitive layer. In particular, the effect of doping on the concentration of oxygen vacancies, the activity of oxygen centers, and the adsorption properties of nanoparticles is discussed. In addition, the role of heterogeneous contacts is analyzed.

Sign in / Sign up

Export Citation Format

Share Document