The Relationship between LGBT Executives and Firms’ Value and Financial Performance

Drawing on resource-based theory, we analyze the relationship between having LGBT executives in a firm’s leadership positions and its value and financial performance. The existence of LGBT executives is considered to be associated with employee and customer goodwill towards LGBT-friendly policies and practices and to lead to human capital and reputational benefits. Our findings suggest that there is a positive effect of the presence of LBGT executives on a firm’s value, both directly and indirectly, through its effect on the firm’s financial performance. We interpret this as suggesting that besides the direct effect of the existence of LGBT executives on a firm’s value, an indirect effect also exists, mediated through financial performance, presumably through the effect that this has on employee and customer goodwill towards LGBT-friendly policies and practices. As far as we are aware, our study is the first to examine the impacts of the presence of LGBT executives, as well as distinguish between its direct and indirect effects on firm value.

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Linking Corporate Environmental Performance to Financial Performance of Pakistani Firms: The Roles of Technological capability and Public awareness

Sustainability ◽

10.3390/su12041446 ◽

2020 ◽

Vol 12 (4) ◽

pp. 1446

Author(s):

Weiwei Wu ◽

Rizwan Ullah ◽

Syed Jamal Shah

Keyword(s):

Financial Performance ◽

Indirect Effect ◽

Indirect Effects ◽

Environmental Performance ◽

Public Awareness ◽

Technological Capability ◽

Direct And Indirect Effects ◽

Corporate Environmental Performance ◽

Manufacturing Companies ◽

The Impact

This research investigates the corporate environmental performance (CEP) literature toward its financial performance of the firm. CEP is defined as the exercise and practices of companies to choose sensible measures to save and develop environment-friendly green activities. The influence of CEP on the financial performance of the firm via technological capability was examined. Furthermore, public awareness was hypothesized to moderate the impact of CEP on technological capability indicating moderation mediation. When public awareness was high, the relationship between the CEP and technological capability should be stronger. Content analysis was used for data collection. The model was tested using a sample of 1491 observations from the manufacturing companies of Pakistan. The data were collected between the period 2008 and 2017 from the annual reports of the companies, State Bank of Pakistan, and Pakistan Stock exchange. A hierarchical regression analysis was used for data analysis. Using bootstrap analysis, we used model 8 in Stata to examine conditional direct and indirect effects. Results supported the indirect effect of CEP on financial performance through strengthening technological capability. Both direct and indirect effects were significant. Consistent with theoretical assumptions, the indirect effect becomes stronger with high public awareness and diminished with low public awareness. Both theoretical and practical contributions are discussed based on the outcomes.

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Pengaruh Good Corporate Governance pada Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Mediasi

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i02.p09 ◽

2020 ◽

Vol 30 (2) ◽

pp. 388

Author(s):

Gede Marco Pradana Dika Putra ◽

Ni Gusti Putu Wirawati

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Firm Value ◽

Stock Price ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Good Corporate Governance ◽

The Relationship ◽

Positive Effect

A firm not only aims to get profits but also maximize its value which can be reflected in stock price. Research aims to examine the effect of good corporate governance on firm value with financial performance as a mediating variable. The study conducted on LQ45 companies listed on Indonesia Stock Exchange in 2017-2018. Sample determined by purposive sampling with 32 samples. Path analysis was used. analysis showed managerial ownership and institutional ownership had no effect on financial performance, managerial ownership and institutional ownership had no effect on firm value, financial performance had a positive effect on firm value, and financial performance was unable to mediate the relationship between GCG and firm value. Keywords: Good Corporate Governance; Firm Value.

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Intellectual Capital, Firm Value, and Financial Performance

AFEBI Accounting Review ◽

10.47312/aar.v1i01.24 ◽

2017 ◽

Vol 1 (01) ◽

pp. 29

Author(s):

Aida Irsyahma ◽

Nikmah Nikmah

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Firm Value ◽

Banking Sector ◽

Stock Exchange ◽

Analysis Method ◽

The Relationship ◽

Modern Era ◽

Positive Effect ◽

Test Result

The ownership of intangible assets especially intellectual capital has becoming more important in this modern era where technology and knowledge have significant roles in company operating activities. The objective of this study is to examine the effect of intellectual capital on firm value and financial performance as intervening variable. The sample in this study is the banking sector listed in Indonesia Stock Exchange between 2011-2014 and 15 banks become samples in this study. The data was analyzed using the path analysis method with SPSS. The test result shows that intellectual capital has a positive effect on firm value, intellectual capital has a positive effect on financial performance, financial performance has a positive effect on firm value, and financial performance proved to intervene the relationship between intellectual capital and firm value. Keywords: Financial Performance, Firm Value, Intellectual Capital

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Social Movements and Their Impact on Business and Management

Oxford Research Encyclopedia of Business and Management ◽

10.1093/acrefore/9780190224851.013.143 ◽

2018 ◽

Cited By ~ 1

Author(s):

Sarah A. Soule

Keyword(s):

Social Movements ◽

Financial Performance ◽

Social Movement ◽

Indirect Effects ◽

Direct And Indirect Effects ◽

Media Attention ◽

High Profile ◽

Public Protest ◽

Business And Management ◽

Policies And Practices

Do the activities of social movements (e.g., public protest, shareholder activism, boycotts, and sabotage) impact businesses, and if so, how do they impact businesses? When confronted by activist demands, how do firms respond, and does this response vary depending on who the activists are and what their relationship is to the firm? Answering these questions is critical for businesses and activists alike, as we move into an era of heightened activism directed at firms. A growing area of research that is situated at the intersection of economic and political sociology, social movement studies, history, and organizational theory, tackles these questions, in an increasingly methodologically sophisticated and nuanced manner. As a result, a number of important articles and books have been published, and several high-profile, interdisciplinary conferences have been held. This body of research shows that social movements have both direct and indirect effects on businesses, and that these effects are amplified by media attention to activism. For example, we know that activism impacts the financial performance of firms, as well as their reputation. And, we know that the activities of social movements have consequences on firm policies and practices. In turn, businesses have developed a varied repertoire of ways to respond to activist demands. While some businesses ignore activists, others decide to retaliate against activists. Increasingly, businesses concede to the demands of activists in material ways by changing policies and practices that are criticized, while others devise symbolic ways to respond to activist demands, thereby preserving their reputation without necessarily changing their activities.

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Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Dimoderasi Oleh Karakteristik Dewan Komisaris

Jurnal Akuntansi Maranatha ◽

10.28932/jam.v13i1.2934 ◽

2021 ◽

pp. 173-187

Author(s):

Ilham Maulana ◽

Muhammad Alkirom Wildan ◽

Nurita Andriani

Keyword(s):

Financial Performance ◽

Ownership Structure ◽

Firm Value ◽

Company Performance ◽

Return On Assets ◽

Return On Equity ◽

Service Companies ◽

Negative Effect ◽

The Relationship ◽

Positive Effect

This study was conducted to examine the effect of proxied ownership structure using institutional ownership, foreign ownership and managerial ownership variables which are moderated by the characteristics of the board of commissioners as proxied by the size of the board of commissioners, and the proportion of independent board of commissioners on company performance as measured by the firm's financial performance. Proxied by return on assets and return on equity and firm value proxied by Tobin's Q and market to book ratio. With a total of 81 samples from financial service companies listed on the IDX in 2018 tested using WarpPLS 7.0, the researchers found that ownership structure has a negative effect on financial performance and firm value, the characteristics of the board of commissioners have a positive effect on financial performance and firm value, and only interaction characteristics the board of commissioners in the relationship between ownership structure and financial performance which can be a moderating variable. Keywords: Ownership Structure, Firm Performance, and Characteristics of The Board of Commissioners.

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The Influence of the Debunker’s Identity and Emotional Expression on the Sharing Behavior of Debunking Information

Frontiers in Psychology ◽

10.3389/fpsyg.2021.783415 ◽

2021 ◽

Vol 12 ◽

Author(s):

Fan Chao ◽

Xin Wang ◽

Guang Yu

Keyword(s):

Social Media ◽

Emotional Expression ◽

Indirect Effects ◽

Direct And Indirect Effects ◽

Suppression Effect ◽

Mediating Role ◽

The Relationship ◽

Sharing Behavior ◽

Positive Effect

Owing to the proliferation of rumors on social media, it is necessary to disseminate debunking information to minimize the harm caused by them. Using content analysis, sentiment analysis, and regression analysis, this study examined the mediating role of follower count in the relationship between the debunker’s identity and sharing behavior, and it explored the relationship between the text sentiment of debunking information and sharing behavior based on data on the spread of three rumors that circulated extensively on social media. Using an ordinary account as a reference, we found that the mediating or suppression effect (i.e., when direct and indirect effects are significant and opposite) of follower count in the relationship between debunker’s identity (celebrity, media, or government) and sharing behavior was significant. The three test identities (celebrity, media, and government) had more followers than the ordinary account, which resulted in a significant positive effect on the number of reposts. The debunker’s identity did not have a positive effect on the sharing of debunking information when controlling for mediating variables. Debunking information with emotional overtones (positive or negative) was shared more widely compared with information with neutral emotions, and the dominant emotional polarity was different in the three different rumors. These findings can contribute to the generation of debunking information content, which can aid in the development of effective communication strategies and improvement in the efficiency of crisis management.

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Dispositional Awe and Online Altruism: Testing a Moderated Mediating Model

Frontiers in Psychology ◽

10.3389/fpsyg.2021.688591 ◽

2021 ◽

Vol 12 ◽

Author(s):

RongMao Lin ◽

YanPing Chen ◽

YiLin Shen ◽

XiaXin Xiong ◽

Nan Lin ◽

...

Keyword(s):

Socioeconomic Status ◽

Prosocial Behavior ◽

Indirect Effect ◽

Indirect Effects ◽

Meaning In Life ◽

Direct And Indirect Effects ◽

Large Sample ◽

Subjective Socioeconomic Status ◽

Positive Effect ◽

Chinese Undergraduates

Dispositional awe has a positive effect on prosociality. However, it has not been tested whether this disposition appears in online altruism. Using a large sample of 3,080 Chinese undergraduates, this study tested a moderated mediating model that takes self-transcendent meaning in life (STML) as a mediator and subjective socioeconomic status (SSES) as a moderator. As predicted, dispositional awe was positively correlated with online altruism, partly via the indirect effect of STML. SSES moderated both the direct and indirect effects. Specifically, the predictive effects of dispositional awe on both online prosocial behavior and STML were greater for lower rather than higher SSES. This study extends the prosociality of dispositional awe to cyberspace. Other implications are also discussed herein.

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PENGARUH PARTISIPASI ANGGARAN TERHADAP KINERJA MANAJERIAL DENGAN PERSEPSI KEADILAN ANGGARAN DAN KOMITMEN TUJUAN ANGGARAN SEBAGAI VARIABEL INTERVENING (Studi Kasus pada Universitas Diponegoro)

JURNAL AKUNTANSI DAN AUDITING ◽

10.14710/jaa.13.2.125-154 ◽

2016 ◽

Vol 13 (2) ◽

pp. 125

Author(s):

Hanifatuz Zahro ◽

Indira Januarti

Keyword(s):

Indirect Effects ◽

Goal Commitment ◽

Direct And Indirect Effects ◽

Managerial Performance ◽

Fairness Perception ◽

Relationship Of ◽

The Relationship ◽

Performance Budget ◽

Intervening Variables ◽

Positive Effect

This study aims to examine the influence of budget participation to managerial performance. It also to examine whether perception of distribution budgetary fairness, perception of procedural budgetary fairness and goal commitment mediate the relationship of budget participation and managerial performance.This study used questionnaires and interview to collecting data. From 189 questionnaires were given to managers in Diponegoro University. The questionnaires that complete the answers were 72 questionnaires. Path analysis was utilized to examine the direct and indirect effects of budget participatio to managerial performance. The results of this study showed that budget participation has a direct effect to managerial performance. Budget participation also has a positive effect to perception of distribution budgetary fairness, perception of procedural budgetary fairness and goal commitment. But budget participation didn’t has indirect effect to managerial performance with perception of distribution budgetary fairness, perception of procedural budgetary fairness and goal commitment as intervening variables

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Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i10.p08 ◽

2021 ◽

Vol 31 (10) ◽

pp. 2503

Author(s):

Luh Ayu Meliani ◽

Dodik Ariyanto

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Path Analysis ◽

Intellectual Capital ◽

Firm Value ◽

Sampling Technique ◽

Company Value ◽

Negative Effect ◽

The Relationship ◽

Positive Effect

This study examines the effect of intellectual capital and capital structure on firm value with financial performance as a mediating variable. The sample was selected by purposive sampling technique. Data were analyzed using path analysis. The results of the analysis show that intellectual capital has no effect on financial performance, but has a positive effect on firm value. Capital structure has a positive effect on financial performance, but has no effect on firm value. Financial performance has a negative effect on firm value. The relationship between capital structure and firm value is successfully mediated by financial performance, however, financial performance does not mediate the relationship between intellectual capital and firm value. This research has implications for those who need information about company value in pharmaceutical sub-sector companies by considering the factors that influence it, especially during the Covid 19 pandemic. Keywords: Intellectual Capital; Capital Structure; Firm Value; Financial Performance.

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