scholarly journals Corporate Governance Quality On Specific Case Of Romanian Listed Companies

2015 ◽  
Vol 3 (2) ◽  
Author(s):  
Sorana Mihaela Manoiu ◽  
Maria Ionela Damian ◽  
Jiří Strouhal
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Qualitative Study ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Other Hand ◽  
Corporate Governance Codes ◽  
Governance Quality ◽  
Corporate Governance Quality

The purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock Exchange (BSE). The methodology employed is based on the analysis of the above mentioned Statements published for the period 2009-2013. Research aims to present through a longitudinal and qualitative study the evolution of the compliance with the BSE Corporate Governance Codes. Most of the observed companies made a step forward in what concerns corporate governance principles and over the study period they disclosed more information on their statements. On the other hand, we found cases where the statements made over the studied period contained inconsistencies for some principles. The implementation of corporate governance rules ensures transparent decision-making, based on clear rules and objectives, and increases shareholders’ confidence in the company.     

scholarly journals Corporate Governance Quality on Specific Case of Romanian Listed Companies

2015 ◽  
Vol 3 (2) ◽  
pp. 40-58 ◽  
Author(s):  
Sorana Mihaela Manoiu ◽  
Maria Ionela Damian ◽  
Jiří Strouhal
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Qualitative Study ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Other Hand ◽  
Corporate Governance Codes ◽  
Governance Quality ◽  
Corporate Governance Quality

Abstract The purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock Exchange (BSE). The methodology employed is based on the analysis of the above mentioned Statements published for the period 2009-2013. Research aims to present through a longitudinal and qualitative study the evolution of the compliance with the BSE Corporate Governance Codes. Most of the observed companies made a step forward in what concerns corporate governance principles and over the study period they disclosed more information on their statements. On the other hand, we found cases where the statements made over the studied period contained inconsistencies for some principles. The implementation of corporate governance rules ensures transparent decision-making, based on clear rules and objectives, and increases shareholders’ confidence in the company.

Audit Committee Effectiveness Among Malaysian Listed Companies

2020 ◽  
Author(s):  
Shamsul Nahar Abdullah ◽  
Ku Nor Izah Ku Ismail
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Interactive Effects ◽  
Committee Chairman ◽  
Kuala Lumpur ◽  
Political Costs ◽  
Leadership Structure

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.  

scholarly journals A Clustering Of Listed Companies Considering Corporate Governance And Financial Variables

2015 ◽  
Vol 21 (2) ◽  
pp. 338-343
Author(s):  
Darie Moldovan ◽  
Mircea Moca
Keyword(s):  
Corporate Governance ◽  
Decision Process ◽  
Listed Companies ◽  
Decision Criterion ◽  
Machine Learning Techniques ◽  
Z Score ◽  
Financial Variables ◽  
Learning Techniques ◽  
Governance Quality ◽  
Corporate Governance Quality

Abstract The corporate governance quality has always been a decision criterion for investments, many recent studies trying to define metrics in order to help investors in their decision process. In this paper we investigate whether the clustering of companies’ information concerning their corporate governance politics and financial information could be mapped with the help of clustering. Our approach is to build clusters using machine learning techniques, based on corporate governance and financial variables from a number of 1400 listed companies. We evaluate the obtained clusters by matching them with the classes of two well-known indicators (Tobin’s Q and Altman Z-score), used to estimate the companies’ performance. We obtain partial matches of the benchmark variables and we compare the performances of the used algorithms.

scholarly journals The Effect Of Corporate Governance On Corruption In Public Listed Companies In The Context Of Jordan

2021 ◽  
Vol 58 (1) ◽  
pp. 555-566
Author(s):  
Mohamed Fahmi Ghazwi
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Listed Companies ◽  
The Other ◽  
Minority Shareholders ◽  
Legal Provisions ◽  
Other Hand ◽  
Number Of Factors ◽  
The One ◽  
The Relationship

The OECD defined corporate governance  as, enforce laws, rules and standards that define the relationship between company management on the one hand, shareholders, stakeholders or parties associated with the company on the other, and urge financial institutions to adopt those laws and standards in their systems to ensure universal classification, such laws and standards are called corporate governance. Some countries have adopted such standards, which are based on integrity and transparency, such as the Hashemite Kingdom of Jordan, but the apply these standards to protect the minority of shareholders in the joint stock companies are in conflict with certain legal provisions laid down by the Jordanian legislature in the companies Act. The Jordanian companies' law and some other financial laws have, of course, included a number of factors that encourage corporate governance, but on the other hand, we find texts that still impede the application of these standards and provide indicators that do not encourage the application of their standards and affect the rights of minority shareholders. The study will refer to the most important corporate governance criteria that balance the rights of the minority and majority shareholders with those that still need to be modified.

scholarly journals The value of improvements in measured corporate governance quality

2011 ◽  
Vol 8 (4) ◽  
pp. 239-252
Author(s):  
Tom Berglund
Keyword(s):  
Corporate Governance ◽  
Listed Companies ◽  
Nordic Countries ◽  
Governance Systems ◽  
Different Types ◽  
Governance Quality ◽  
Corporate Governance Quality

This paper analyses data for Nordic listed companies in 2002-2008 to find out whether the market has rewarded companies that have improved their corporate governance systems as measured by the CG –quotient compiled by RiskMetrics (previously Institutional Shareholder Services, ISS). The paper also investigates which improvements have been more important as value enhancers and which ones are considered value irrelevant by the market. Finally the paper looks at whether there are differences between the four biggest Nordic countries in how different types of corporate governance improvements are perceived by the market.

DAMPAK PENERAPAN PSAK 50/55 (REVISI 2006) TERHADAP MANAJEMEN LABA DIPERBANKAN: PERANAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERATING

2012 ◽  
Author(s):  
Yeasy Darmayanti ◽  
Teti Susanti
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Stock Exchange ◽  
Foreign Ownership ◽  
The Other ◽  
Financial Report ◽  
Other Hand ◽  
Ownership Composition ◽  
Positive Effect ◽  
Test Result

The practicing of earnings management in banking companies certainly has pro and con's from the stockholders, because it tends to harm the users of information and the service of financial report. This research, therefore, aims to investigate the effect of application of PSAK 50/55 (2006 revision) toward earnings management with corporate governance as the moderating variable. This research was implemented in banking companies that listed in Indonesia Stock Exchange. This research used 28 banking companies that published financial report in period of 2009 — 2011 completely. The test result indicated that the application of PSAK 50/55 (2006 revision), moderation of foreign ownership, composition of commissioner council, standard of KAP and committee of audit as the moderator did not have any significance effect toward the practicing of earnings management in banking companies that listed in ISE. On the other hand, the application of PSAK 50/55 (Revision 2006) moderated by the KAP size had the positive effect toward practicing of earnings management.

scholarly journals Corporate governance quality, incentive factors and voluntary corporate governance disclosures in annual reports of Malaysian publicly listed companies

2012 ◽  
Vol 10 (1) ◽  
pp. 329-352
Author(s):  
Norziana Lokman ◽  
Julie Cotter ◽  
Joseph Mula
Keyword(s):  
Corporate Governance ◽  
Voluntary Disclosure ◽  
Listed Companies ◽  
Annual Reports ◽  
Voluntary Disclosures ◽  
Comprehensive Index ◽  
Governance Quality ◽  
Quality Incentive ◽  
Corporate Governance Quality ◽  
The Relationship

This paper investigates the relationship between corporate governance quality and voluntary disclosure of corporate governance information for listed companies in Malaysia. The moderating impacts of incentive factors (capital market transactions and stock-based incentives) on this relationship are also examined. Corporate governance quality is measured using a comprehensive index. The empirical evidence of this study is broadly consistent with the notion that high corporate governance quality is positively related to a greater extent of voluntary disclosure. Stock-based compensation significantly influences the relationship between corporate governance quality and voluntary disclosures; however the other incentive factors examined do not appear to influence the relationship

scholarly journals Determinants of the corporate governance of Korean firms

2008 ◽  
Vol 5 (2) ◽  
pp. 15-23 ◽  
Author(s):  
Eunjung Lee ◽  
Kyung Suh Park
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Stock Exchange ◽  
The Other ◽  
Board Structure ◽  
Negative Effects ◽  
Controlling Shareholders ◽  
Empirical Results ◽  
Positive Effects ◽  
Other Hand

This paper investigates the determinants of the corporate governance of the firms listed on the Korea Stock Exchange. We find that ownerships by controlling shareholders tend to have negative effects on their corporate governance, and the negative effects are more significant on the board structure and the managerial transparency of the sample firms. On the other hand, foreign shareholders exercise positive effects while institutional investors are shown to be passive on the corporate governance issues. The empirical results suggest that investors’ or regulator’s effort to improve the corporate governance of Korean firms should be directed to the improvement of the board structure and managerial transparency

Corporate Governance Characteristics and Audit Fees

2019 ◽  
pp. 26-50 ◽  
Author(s):  
Ana Silva ◽  
Helena Inácio ◽  
Elisabete Vieira
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Stock Exchange ◽  
Audit Fees ◽  
Listed Companies ◽  
The Other ◽  
Stock Exchanges ◽  
External Audit ◽  
Governance Practices ◽  
The Board Of Directors

The purpose of this chapter is to analyze the effect that corporate governance measures have in external audit fees in two countries where this matter is not much developed: Portugal and Spain. The analysis includes a sample of 39 listed companies on the Portuguese Stock Exchange and 104 listed companies on the Spanish Stock Exchanges for the years 2013 to 2015 using an OLS regression model. For the Spanish sample, the results show that the capital hold by the Board of Directors influence negatively external audit fees. The results are in accordance with the supplier perspective which states that better corporate governance practices decrease the control risk and, consequently, audit fees. On the other hand, the Board of Directors' diligence also affected external audit fees but positively, that is, the greater the number of meetings the greater the demand for an audit with quality which result in higher fees charged (demand perspective). For the Portuguese sample it can be observed that corporate governance characteristics do not affect external audit fees.

scholarly journals A Short Comparative Study of Corporate Governance in European National Legal Systems

2020 ◽  
Vol 10 ◽  
pp. 207-216
Author(s):  
Ovidiu Ioan Dumitru ◽  
Nicolae Marius Vavura
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Legal Systems ◽  
Negative Effects ◽  
The Poor ◽  
Corporate Governance Codes ◽  
Governance Quality ◽  
Recent Financial Crisis ◽  
Corporate Governance Quality ◽  
And Control

Corporate Governance has developed immensely in the last decades mainly due to the negative effects on shareholders’s of management decisions leading to a continuous conflict to be solved by the policymakers and academics. After the publication of the Cadbury Report, we noticed an increase interest in drafting corporate governance codes, the American and European legislators being the most active, but recent financial crisis reduced confidence in the results of corporate governance quality, some authors asserting even that the poor implementation of the policies in the area have leaded to the crisis. This paper wants to show the diversity of corporate governance standards present today in different national legal systems, by comparing its main elements like protection of shareholders and stakeholders’ interests,  board structures and operations and control, oversight and reporting.  

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