Examining the Impact of Corporate Governance and Asymmetry Information towards Earning Quality (A Case Study: Manufacturing Companies in Indonesia)

The serious decline in the price of crude oil in recent years has led the state government to look for new sources of revenue and becomes strict and aggressive to the assessment and collection of revenue from the existing sources. This study examines the impact of Corporate Governance Attributes on Tax planning of listed manufacturing companies in Nigeria and Malaysia. The corporate governance parameters include board size and CEO tenure while tax planning is proxied by the effective tax rate and firm size as control variable. The objective is to determine if there is a relationship between corporate governance attributes and tax planning which in turn may improve firm performance. The study adopts comparative and ex-post facto research design and will utilise panel data from annual reports and accounts of the listed companies for the period of five years (2014-2018). The Data were analysed using a panel regression technique to assess the effect of the independent variables on the dependent variable. Hausman specification test was conducted to choose between fixed and random effect estimation and the p-value is0.9863 which insignificant. The resultsfrom random effect estimation modelindicates a negative and significant relationship between CEOT, FSIZE and ETR and a positive relationship between BSIZE and ETR.Therefore, the study concludes that corporate governance mechanism plays a significant role in tax planning and Nigerian manufacturing companies pays high tax charges as compare to Malaysian food and beverages companies.

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The Impact of Interplay Between Formal and Informal Institutions on Corporate Governance Systems: a Comparative Study of CEECs

Comparative Economic Research ◽

10.2478/cer-2018-0028 ◽

2018 ◽

Vol 21 (4) ◽

pp. 85-104

Author(s):

Małgorzata Godlewska ◽

Tomasz Pilewicz

Keyword(s):

Corporate Governance ◽

Deductive Reasoning ◽

Case Study Research ◽

Individual Case ◽

Informal Institutions ◽

Comparative Case Study ◽

Governance Systems ◽

Formal And Informal Institutions ◽

The Impact

The central point of this paper is to present the results of comparative case study research concerning the impact of the interplay between formal and informal institutions in the corporate governance systems (CGS) of Central and Eastern European Countries (CEEC). Particular focus was put on the values of the corporate governance codes (CGC) of CEECs, as well as on transparent ownership structures, transactions with related parties, the protection of minority shareholders, independent members of supervisory boards, and separation between the CEO position and the chairman of the board of directors. The main subject of interest concerns two research areas: the character of the relationship between formal and informal institutions, as well as whether the interplay between them is relevant to the CGSs of CEECs. Moreover, the author investigates whether the CGCs of CEECs consist of regulations that are compatible with the values set up in preambles using research methods such as individual case study or deductive reasoning. The conclusion presented in the paper was drawn on the basis of a review of the literature and research on national and European corporate governance regulations, as well as the CGC of CEECs. The primary contribution this article makes is to advance the stream of research beyond any single country setting, and to link the literature on the interplay between formal and informal institutions related to CGSs in a broad range of economies in transition (‘catch up’ countries) like CEECs. This paper provides an understanding of how the interplay between formal and informal institutions may influence the CGCs of CEECs.

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Corporate Governance and the Earnings Quality of Nigerian Firms

International Journal of Financial Research ◽

10.5430/ijfr.v11n5p161 ◽

2020 ◽

Vol 11 (5) ◽

pp. 161

Author(s):

Festus Oladipupo Olaoye ◽

Ademola Adeniran Adewumi

Keyword(s):

Corporate Governance ◽

Comprehensive Evaluation ◽

Earnings Quality ◽

Gender Diversity ◽

Annual Reports ◽

Board Independence ◽

Manufacturing Companies ◽

Board Size ◽

Board Gender Diversity ◽

The Impact

The focus of the study is to examine the impact of corporate governance on earnings quality in listed firms in Nigeria. The specific objective is to investigate the effect of board size, board independence and board gender diversity on earnings quality. This study was carried out with secondary data retrieved from corporate annual reports of the sampled companies and the data was analysed using panel regression on a sample of 37 quoted manufacturing companies for the period 2011-2017. On the overall, the result reveals that Board size, board independence and board gender diversity used for measuring corporate governance show significant impact on earnings quality. In addition, corporate governance variables appear to be quite sensitive to the measure of earnings quality used. Based on the findings, the study recommends the need for comprehensive evaluation of corporate governance systems of companies. The study recommends the need for more level of board independence. The diversity issue though is gaining momentum in corporate governance literature can still be regarded as not as dominant as compared to others especially as it relates to protecting shareholder rights and framing dividend policy. The significance of the variable nevertheless suggests that companies should thrive to achieve an appropriate diversity mix.

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The impact of corporate governance on firm value: Evidence from listed manufacturing companies in Sri Lanka

International Journal of Accounting and Business Finance ◽

10.4038/ijabf.v5i2.43 ◽

2019 ◽

Vol 5 (2) ◽

pp. 16

Author(s):

K.D.G. Nayomi Wijesinghe ◽

R.M. Saman Bandara ◽

W. Dassanayake ◽

M.C. Undugoda

Keyword(s):

Corporate Governance ◽

Sri Lanka ◽

Firm Value ◽

Manufacturing Companies ◽

The Impact

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Impact of equity and debt financing on financial performance of quoted manufacturing companies in Nigeria

10.26772/cijds-2020-03-02-04 ◽

2020 ◽

Vol 3 (2) ◽

pp. 64-76

Author(s):

Bibiana Njogo ◽

◽

Jaiyeoba Oladele ◽

Oladotun Mabinuori ◽

◽

...

Keyword(s):

Corporate Governance ◽

Empirical Studies ◽

Negative Relationship ◽

Secondary Data ◽

Debt Financing ◽

Least Square ◽

Manufacturing Companies ◽

Earnings Per Share ◽

The Impact ◽

A Company

Empirical studies have shown that equity and debt financing is one of the important determinants affecting the performance of a company. This study sought to examine the impact of equity and debt financing on performance on quoted manufacturing companies in Nigeria using the Panel Fully Modified Least Square on secondary data on earnings per share, debt and equity covering the period 2010-2018. To increase earnings, findings show that equity positively influences earnings per share while a negative relationship exists between earnings per share and debt. The study recommends that firms should finance their company majorly with equity shares rather than debt. KEY WORDS: Corporate governance, Equity, Debt, Earnings per share, and Firm’s performance.

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Penerapan Prinsip-Prinsip Good Corporate Governance dalam Pengelolaan Wakaf Tunai pada Badan Wakaf Uang Tunai MUI Yogyakarta

Tapis Jurnal Penelitian Ilmiah ◽

10.32332/tapis.v4i1.1995 ◽

2020 ◽

Vol 4 (1) ◽

pp. 123

Author(s):

Ananto Triwibowo

Keyword(s):

Corporate Governance ◽

Swot Analysis ◽

Public Institution ◽

Basic Principles ◽

Study Approach ◽

Descriptive Research ◽

Good Corporate Governance ◽

Qualitative Descriptive ◽

The Impact

As a public institution that has a mandate to manage the waqf cash fund, the waqf agency is required to be capable of managing the cash waqf fund and implementing the principles of Good Corporate Governance (GCG) as a form of responsibility to public The impact of the implementation of GCG itself, in addition to improve the level of public trust, will increase the amount of fund accepted by the waqf agency. This research aims to describe the management of cash waqf and to analyze the implementation of Good Corporate Governance (GCG) principles respectively done and in BWU/T MUI DIY in the management of cash waqf. This is a qualitative-descriptive research using a case study approach aimed to describe the reality of the cash waqf management and the implementation of GCG principles in BWU/T MUI DIY. The results were then analyzed or measured using the theories relevant with the issues concerned. In addition, this research used SWOT analysis to observe the strengths, weaknesses, opportunities and challenges in managing the cash waqf faced by the BWU/T MUI DIY. Based on the results of the research, it can be found that in the management of the cash waqf done by BWUT MUI DIY overall has been implemented in accordance with the existing laws, either from legislation, regulation of religion minister, and regulation issued by BWI. Meanwhile for the implementation of GCG principles in the management of cash waqf done by BWUT MUI DIY recently has not been done maximally. Of five basic principles of GCG including transparency, accountability, responsibility, independence and fairness, in fact there are only two principles conducted entirely that is the principle of independence and fairness. On the other hand, the principles of transparency, accountability, and responsibility have not been applied entirely.

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THE IMPACT OF PRODUCT LIFE CYCLE TECHNIQUE IN REDUCING COSTS AND ACHIEVING SUSTAINABLE DEVELOPMENT GOALS, A CASE STUDY IN THE RUSTAN STEEL STRUCTURE PRODUCTION COMPANY IN ERBIL

RIMAK International Journal of Humanities and Social Sciences ◽

10.47832/2717-8293.7-3.29 ◽

2021 ◽

Vol 03 (07) ◽

pp. 314-328

Author(s):

Ghazi Abdulazeez SULAIMAN BAG ◽

Rafiq Faraj MAHMOOD

Keyword(s):

Corporate Governance ◽

Life Cycle ◽

Life Cycle Cost ◽

Product Life Cycle ◽

Steel Structures ◽

Product Life ◽

Technical Requirements ◽

The Cost ◽

The Impact

This research was - case study in Rstin company for the steel structures in Erbil- addressed the cost technique of product life cycle, as discussed the kinds, relevance and the stages of the life cycle of the product, also it referred to the corporate governance of discussing its inception the concept and importance of the principles, objectives, and mechanisms was addressed to the technical aspects of the overlap between the cost of the product life cycle corporate governance and show the appropriate techniques used in each stage of the life cycle of the product and how it achieved by a reduction of costs. The result of this study indicates that the integration between the product life cycle cost and corporate governance works on reduce costs through the various stages of product life cycle. It also concluded that this integration increases the company ability to compete in market which leads to rise in its market share and eventually lead to maximize the profit which has been achieved through the optimal use of a company available resources. It also found that the techniques of life cycle cost of the product cannot be applied without support of the company directors, throughout the technical requirements of the application. Corporate governance ensures directors of the company to utilize firm resources which makes the company to achieve several stakeholders' objectives.

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