scholarly journals Compensation Disclosure and Firm Market Performance with the Moderating Effects of Corporate Governance: Evidence from Switzerland.

2020 ◽  
Author(s):  
Mehmet C. Kocakulah ◽  
Mehtap Eklund ◽  
David Austill
Keyword(s):  
Corporate Governance ◽  
Market Performance ◽  
Moderating Effects ◽  
Compensation Disclosure ◽  
Firm Market Performance

scholarly journals COMPARAÇÃO DO DESEMPENHO ECONÔMICO E DE MERCADO DAS EMPRESAS: O CASO DAS COMPANHIAS CLASSIFICADAS NOS NÍVEIS DE GOVERNANÇA CORPORATIVA DA BOVESPA

2007 ◽  
Vol 12 (1) ◽  
pp. 88
Author(s):  
Rosilene Marcon ◽  
Everson Manoel De Souza
Keyword(s):  
Corporate Governance ◽  
Key Words ◽  
Economic Performance ◽  
Market Performance ◽  
Great Majority ◽  
Economic Sector ◽  
Return On Assets ◽  
Return On Equity ◽  
Before And After

This study had the objective to investigate the economical and of market performance of the Brazilian companies before and after the inclusion in the levels of corporate governance proposed by BOVESPA. The study period understood the years from 1999 to 2004, where the ratios were collected: Return on Equity, Return on Assets and Price-to-Book. The results showed good acting of the indicator P/VPA, due his/her the best performance of the Price-to-book. This conclusion is obtained through the evaluation of the behavior of the ratios, confronting the periods before and after event, as well as when being drawn comparative among the acting of the companies in relationship economic sector of performance. The comparative general of the ratios regarding the performance of the participant companies of the system of listing of BOVESPA it indicated that the great majority reached improvement of the performance, in other words, they presented larger return on assets and equity, as well as in the value of their actions after they migrate for some of the levels of corporate governance Key words: Economic performance. Bovespa. Corporate Governance.

Alliance entrepreneurship and firm market performance

2001 ◽  
Vol 22 (6-7) ◽  
pp. 701-711 ◽  
Author(s):  
MB Sarkar ◽  
RAJ Echambadi ◽  
Jeffrey S. Harrison
Keyword(s):  
Market Performance ◽  
Firm Market Performance

Uncovering Governance And Mindfulness Patterns For Improved Performance: The Role Of Management Accounting Systems Change

2012 ◽  
Vol 28 (2) ◽  
pp. 193 ◽  
Author(s):  
Alfred E. Seaman ◽  
John J. Williams
Keyword(s):  
Corporate Governance ◽  
Management Accounting ◽  
Systems Change ◽  
Future Research ◽  
Moderating Effects ◽  
Accounting Systems ◽  
Management Accounting Systems ◽  
Significant Relationships ◽  
Improved Performance ◽  
The Impact

This study extends the model developed in Williams and Seamans [Williams, J. J. and Seaman, A. E. (2010). Corporate Governance and Mindfulness: The Impact of Management Accounting Systems Change, The Journal of Applied Business Research, Vol. 26, No. 5, pp. 1-17] exploratory paper examining the moderating effects of management accounting systems (MAS) change on the corporate governance/mindfulness relationship for a Canadian sample of 124 top-level accounting professionals. Canonical correlation analysis was applied to the linkage of multiple cognitive processes of mindfulness (Weick and Sutcliffe, 2001; 2007) and the governance dimensions of performance and conformance specified by the International Federation of Accountants (2009), underpinned by the moderating effects of five different components of MAS change, which yielded 13 significant relationships. The latter were subsequently analyzed for important gestalts (i.e., patterns) in the overall relationship, and assessed within the context of aligning professional accounting practices involving systems changes to the IFAC (2009) governance framework. These findings appear to have implications for improved governance structures in practice as well as offering a rich foundation for future research.

The implications of the revised code of corporate governance on firm performance

2015 ◽  
Vol 5 (3) ◽  
pp. 350-380 ◽  
Author(s):  
Abdifatah Ahmed Haji ◽  
Sanni Mubaraq
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Ownership Structure ◽  
Market Performance ◽  
Negative Relationship ◽  
Future Research ◽  
Data Sets ◽  
Data Set ◽  
Content Type ◽  
The One

Purpose – The purpose of this paper is to examine the impact of corporate governance and ownership structure attributes on firm performance following the revised code on corporate governance in Malaysia. The study presents a longitudinal assessment of the compliance and implications of the revised code on firm performance. Design/methodology/approach – Two data sets consisting of before (2006) and after (2008-2010) the revised code are examined. Drawing from the largest companies listed on Bursa Malaysia (BM), the first data set contains 92 observations in the year 2006 while the second data set comprises of 282 observations drawn from the largest companies listed on BM over a three-year period, from 2008-2010. Both accounting (return on assets and return on equity) and market performance (Tobin’s Q) measures were used to measure firm performance. Multiple and panel data regression analyses were adopted to analyze the data. Findings – The study shows that there were still cases of non-compliance to the basic requirements of the code such as the one-third independent non-executive director (INDs) requirement even after the revised code. While the regression models indicate marginal significance of board size and independent directors before the revised code, the results indicate all corporate governance variables have a significant negative relationship with at least one of the measures of corporate performance. Independent chairperson, however, showed a consistent positive impact on firm performance both before and after the revised code. In addition, ownership structure elements were found to have a negative relationship with either accounting or market performance measures, with institutional ownership showing a consistent negative impact on firm performance. Firm size and leverage, as control variables, were significant in determining corporate performance. Research limitations/implications – One limitation is the use of separate measures of corporate governance attributes, as opposed to a corporate governance index (CGI). As a result, the study constructs a CGI based on the recommendations of the revised code and proposes for future research use. Practical implications – Some of the largest companies did not even comply with basic requirements such as the “one-third INDs” mandatory requirement. Hence, the regulators may want to reinforce the requirements of the code and also detail examples of good governance practices. The results, which show a consistent positive relationship between the presence of an independent chairperson and firm performance in both data sets, suggest listed companies to consider appointing an independent chairperson in the corporate leadership. The regulatory authorities may also wish to note this phenomenon when drafting any future corporate governance codes. Originality/value – This study offers new insights of the implications of regulatory changes on the relationship between corporate governance attributes and firm performance from the perspective of a developing country. The development of a CGI for future research is a novel approach of this study.

scholarly journals Efficiency Analysis of Equity Incentive in Private Listed Companies-By Taking the Example of By-Health

2018 ◽  
Vol 4 (4) ◽  
pp. 15
Author(s):  
Junda Yang ◽  
Yun Xia ◽  
Liu Yang ◽  
Zhongtao Zhang
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Market Performance ◽  
Listed Companies ◽  
Governance Structure ◽  
Efficiency Analysis ◽  
Equity Structure ◽  
Corporate Governance Structure ◽  
Equity Incentives ◽  
Equity Incentive

At present, more and more private listed companies in our country realize the importance of corporate governance structure and equity structure, and also start to adopt a variety of equity incentive models to stimulate the business operators. How to evaluate the effect of private listed company's equity incentive measures? By taking the example of By-Health, this paper analyzes the effect of implementing equity incentive from financial performance, manager's behavior and market performance from three aspects: financial performance, manager's behavior and market performance, and puts forward relevant suggestions. With a view to providing useful reference and reference for improving the management of private enterprises and implementing equity incentives smoothly.

scholarly journals The Effect of Market Performance, Corporate Governance and Examination of Corporate Taxes with Tax Amnesty as Moderators

2020 ◽  
pp. 13-20
Author(s):  
Aris Riantori Faisal ◽  
Etty Murwaningsari ◽  
Sekar Mayangsari ◽  
Susi Dwi Mulyani
Keyword(s):  
Corporate Governance ◽  
Manufacturing Industry ◽  
Positive Impact ◽  
Stock Exchange ◽  
Market Performance ◽  
Positive Influence ◽  
Corporate Taxes ◽  
Corporate Tax ◽  
Tax Amnesty ◽  
Positive Effect

The purpose of this study is to examine and analyze the effect of market performance, corporate governance, tax audits toward corporate tax, and the role of the tax amnesty in moderating the relationship between market performance, corporate governance, and tax audits toward corporate tax. The unit of analysis is a public company (corporate taxpayers), with a purposive sampling sample of manufacturing industry companies listed on the Indonesia Stock Exchange and meeting the sampling criteria of 52 companies in the 2014-2017 period.The results of the study are that market performance is not proven to have a positive effect on corporate tax, this shows that the higher market performance as measured by Tobin’s Q does not have an impact on corporate tax increases; Corporate governance is not proven to have a positive effect on corporate tax, this shows that the higher corporate governance does not automatically raise corporate taxes; Tax audits have a positive impact on corporate taxes, this indicates that the higher the examination of taxes carried out, the corporation tax will increase; Tax amnesty has not been proven to strengthen the positive influence of market performance, corporate governance and tax audits of corporate taxes. For the sensitivity model with ETR, none of the proposed hypotheses has been proven.

scholarly journals Pengaruh Corporate Governance terhadap Kinerja Pasar Emiten yang terdaftar di Indeks Saham Syariah Indonesia

2020 ◽  
Vol 5 (2) ◽  
pp. 145-154
Author(s):  
Rizkary Roslianti
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Market Performance ◽  
Secondary Data ◽  
Institutional Ownership ◽  
The Other ◽  
Managerial Ownership ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Significance Level

Corporate governance is one of the important aspects for the company. The application of proper corporate governance will affect the company’s value and amrket performance. This study aims to analyze the effect of corporate governance that represented by institutional ownership, independent commissioner and managerial ownership toward market performance that represented by Tobin’s Q. This study used a quantitative approach using secondary data (annual finance report)companies listed on Indeks Saham Syariah Indonesia years 2016- 2018. This study used a significance level of 5%. Based on the regression analysis results, it indicates that institutional ownership and managerial ownership do not have significant effect on Tobin’s Q. On the other hand, indpendent commissioner has significant effect to the Tobin’s Q. Simultaneously, institutional ownership, independent commissioner and managerial ownership have significant effect to Tobin’s Q.

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