"Impact of Corporate Governance on American Corporates' Financial Performance: The Mediating Role of Derivatives  "

The fascination with leaders and their impacts can be traced to ancient times and continues to this day. Organizations are often viewed as reflections of their leaders’ personalities, yet empirical evidence for this assumption has begun to amass only recently. In this article, we review this literature and trace findings about leaders’ personality traits, values, and motives and about the mechanisms through which these are manifested in their organizations. We specifically elaborate on research linking senior leaders’ values to organizational outcomes (e.g., financial performance, schoolchildren’s values) and demonstrate the mediating role of the organizational culture and climate.

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The Relationship between External Knowledge Acquisition and Financial Performance－The Mediating Role of Absorptive Capacity and Innovation Performance－

The Journal of Chinese Studies ◽

10.36493/jcs.97.5 ◽

2021 ◽

Vol 97 ◽

pp. 141-165

Author(s):

Jingxun Li ◽

Qinghe Ren ◽

Longzhen Li

Keyword(s):

Financial Performance ◽

Knowledge Acquisition ◽

Absorptive Capacity ◽

Innovation Performance ◽

External Knowledge ◽

Mediating Role ◽

The Relationship ◽

External Knowledge Acquisition

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The mediating role of financial performance in the relationship between green innovation and firm value: evidence from ASEAN countries

European Journal of Innovation Management ◽

10.1108/ejim-11-2020-0459 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Nur Asni ◽

Dian Agustia

Keyword(s):

Financial Performance ◽

Firm Value ◽

Mediating Effect ◽

Manufacturing Companies ◽

Green Innovation ◽

Content Type ◽

Mediating Role ◽

Asean Countries ◽

The Relationship

PurposeThe purpose of this paper is to investigate the mediating role of financial performance (FP) in modelling the relationship between green innovation (GI) and firm value (FV), using ASEAN countries as sample with panel analysis.Design/methodology/approachA panel data was collected from 374 publicly traded companies in six ASEAN countries, and was analysed using feasible general least squares (FGLS) to control heteroscedasticity and serial correlation.FindingsThe findings suggest that financial performance, namely return on assets (ROA) and return on equity (ROE), has a significant value in mediating the relationship between GI and FV. This illustrates that investors in the ASEAN region's capital market are more interested in the economic motivation for companies implementing GI. Other findings also provide evidence that ROA and ROE have positive and significant effects on FV. This indicates that the profitability resulting from a firm's ability to continuously innovate has a positive impact on the creation of value by manufacturing companies in the ASEAN region.Research limitations/implicationsThe number of observations is still relatively limited, from manufacturing companies listed on stock exchanges in the ASEAN countries. The total number of samples used in this study was 374 companies with 22.30% of the total population.Originality/valueThis study combines the different types of secondary data to provide panel evidence on the mediating effect of financial performance using ROA and ROE in the relationship between green innovation and firm value, using ASEAN countries as the sample.

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Business sustainability performance and corporate financial performance: the mediating role of optimal investment

Managerial Finance ◽

10.1108/mf-01-2021-0040 ◽

2022 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Ehsan Poursoleyman ◽

Gholamreza Mansourfar ◽

Saeid Homayoun ◽

Zabihollah Rezaee

Keyword(s):

Financial Performance ◽

Generalized Method Of Moments ◽

Corporate Financial Performance ◽

Investment Efficiency ◽

Content Type ◽

Business Sustainability ◽

Large Sample ◽

Sustainability Performance ◽

Mediating Role

PurposeEmploying a large sample consisting of 3,701 corporations domiciled in developed and emerging countries, this paper aims to analyze the mediating role of investment efficiency in the association between business sustainability performance and corporate financial performance.Design/methodology/approachFour different aspects of corporate sustainability offered by the ASSET4 database are used as proxies for business sustainability performance, including economic, corporate governance, social and environmental dimensions. In addition to these aspects, the aggregate measure of business sustainability performance is also employed. In order to test the association between business sustainability and corporate performance via investment efficiency, ordinary least squares, fixed-effect, random-effect and generalized method of moments statistical models were employed.FindingsThe results suggest that business sustainability performance is positively associated with corporate financial performance, indicating that sustainable corporations enjoy higher financial performance. Moreover, Sobel, Aroian and Goodman tests confirm that investment efficiency mediates the positive relationship between business sustainability performance and financial performance. Finally, further analyses show that the positive association between sustainability performance and investment efficiency is stronger for those firms headquartered in developed countries than in those located in emerging nations.Originality/valueThis paper contributes to the literature by investigating how growth opportunities advance the influence of business sustainability to corporate financial performance using a large sample from 43 countries.

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