scholarly journals Macro-Level Determinants of Board Effectiveness in UK and Romanian Listed Companies: A Conceptual Approach

2021 ◽  
Vol 2 (10) ◽  
pp. 60-72
Author(s):  
Peter Jansen ◽  
Gabriel Viorel Raita
Keyword(s):  
Listed Companies ◽  
Macro Level ◽  
Board Effectiveness ◽  
Conceptual Approach

scholarly journals Inside the Black Box of the Board: Towards a Global Comparative Model of Board Effectiveness for Listed Companies

2019 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Peter AM Jansen
Keyword(s):  
Boards Of Directors ◽  
Listed Companies ◽  
Research Strategy ◽  
Board Effectiveness ◽  
National Board ◽  
Board Processes ◽  
Board Roles ◽  
Micro Level ◽  
Conceptual Research ◽  
Cross National

This conceptual research seeks to develop a global comparable model of board effectiveness for listed companies based on a multi-theoretic and multi-disciplinary approach and mostly quantifiable macro-level (national culture and legal-institutional indicators) and micro-level variables (board characteristics and board processes), by synthesizing recent corporate governance theories on boards of directors and board effectiveness into a new theoretical model. In contrast to most existing models of board effectiveness, it accounts for the moderating effect of national contexts, the mediating influence of board roles on board processes, the relevance of those board processes as predictors of board effectiveness and it offers a validated board effectiveness measure that is directly linked to firm performance. Additionally, it offers a research strategy for cross-national board effectiveness research.

Board processes revisited: an exploration of the relationship between board processes, board role performance and board effectiveness in comparable European listed companies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peter AM Jansen
Keyword(s):  
Listed Companies ◽  
Survey Method ◽  
Role Performance ◽  
Board Effectiveness ◽  
Data Set ◽  
Content Type ◽  
Board Processes ◽  
Board Decision Making ◽  
Small Team ◽  
The Relationship

Purpose This study aims to analyse the relationships between board processes, board role performance and board effectiveness for a cross-country (UK and Romania) sample of comparable European listed companies. Design/methodology/approach The research design is quantitative in nature and based on the survey method, a self-administered questionnaire which was send to 342 chairmen of selected Romanian and British listed companies and which contains validated statements measured through a seven-point Likert-type scale and grouped in validated constructs. Findings This study found further empirical evidence that board processes are stronger determinants of board effectiveness than board characteristics and that board roles mediate the relationship between board processes and board effectiveness. It further confirmed the relevance of the three board processes mentioned by Forbes and Milliken (1999) in their seminal work on board decision-making. Research limitations/implications The main limitation of this study is the relatively small number of responses (55), which indicates a reduced reliability and generalizability of the results. However, several steps were taken to assure the homogeneity of the sample, starting with a unique data set of firms of comparable size and industry representation. Practical implications This study is useful to board directors and chairmen of listed companies, as it can help them to better understand and manage board behaviour. Originality/value This study contributes to the limited body of research that investigates specific board process constructs derived from the small team literature and their effect on board effectiveness.

scholarly journals Board task performance: An exploration of micro‐ and macro‐level determinants of board effectiveness

2011 ◽  
Vol 33 (2) ◽  
pp. 193-215 ◽  
Author(s):  
Alessandro Minichilli ◽  
Alessandro Zattoni ◽  
Sabina Nielsen ◽  
Morten Huse
Keyword(s):  
Task Performance ◽  
Macro Level ◽  
Board Effectiveness

Bridging research on different levels: Combining micro and macro level research

2013 ◽  
Author(s):  
Daniel Druckman ◽  
Hillie Aaldering ◽  
Peter Coleman ◽  
Ray Friedman ◽  
Christianna Gozzi ◽  
...  
Keyword(s):  
Macro Level ◽  
Different Levels

Kornai, Schumpeter, and Economic Theory

2012 ◽  
pp. 145-152 ◽  
Author(s):  
V. Maevsky
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
Evolutionary Theory ◽  
Economic Models ◽  
Macro Level ◽  
Mainstream Economic ◽  
Level Of Analysis

The author claims that J. Kornai in his paper Innovation and Dynamism (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeters theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeters legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.

Comprehensive Income: which potential effects on firms' performance evaluation and users' decision process?

2016 ◽  
pp. 55-94
Author(s):  
Pier Luigi Marchini ◽  
Carlotta D'Este
Keyword(s):  
Performance Evaluation ◽  
Decision Process ◽  
Financial Analysts ◽  
Listed Companies ◽  
Financial Statement ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
Gains And Losses ◽  
The Impact

The reporting of comprehensive income is becoming increasingly important. After the introduction of Other Comprehensive Income (OCI) reporting, as required by the 2007 IAS 1-revised, the IASB is currently seeking inputs from investors on the usefulness of unrealized gains and losses and on the role of comprehensive income. This circumstance is of particular relevance in code law countries, as local pre-IFRS accounting models influence financial statement preparers and users. This study aims at investigating the role played by unrealized gains and losses reporting on users' decision process, by examining the impact of OCI on the Italian listed companies RoE ratio and by surveying a sample of financial analysts, also content analysing their formal reports. The results show that the reporting of comprehensive income does not affect the financial statement users' decision process, although it statistically affects Italian listed entities' performance.

The Severity of Internal Controls over Financial Reporting Deficiencies: Differences among Types and Industries

2014 ◽  
pp. 55-77
Author(s):  
Tatiana Mazza ◽  
Stefano Azzali
Keyword(s):  
Information Technology ◽  
Financial Reporting ◽  
Internal Control ◽  
Service Industry ◽  
Listed Companies ◽  
Internal Controls ◽  
Service Companies ◽  
Finance Industry ◽  
Material Weaknesses ◽  
Fixed Assets

This study analyzes the severity of Internal Control over Financial Reporting deficiencies (Deficiencies, Significant Deficiencies and Material Weaknesses) in a sample of Italian listed companies, in the period 2007- 2012. Using proprietary data the severity of the deficiencies is tested for account-specific, entity level and information technology controls and for industries (manufacturing and services vs finance industries). The results on ICD severity is compared with one of the most frequent ICD (Acc_Period End/Accounting Policies): for account-specific, ICD in revenues, purchase, fixed assets and intangible, loans and insurance are more severe while ICD in Inventory are less severe. Differences in ICD severity have been found in the characteristic account: ICD in loan and insurance for finance industry and ICD in revenue, purchase for manufacturing and service industry are more severe. Finally, we found that ICD in entity level and information technology controls are less severe than account specific ICD in all industries. However, the results on entity level and information technology deficiencies could also mean that the importance of these types of control are under-evaluated by the manufacturing and service companies.

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