scholarly journals Stakeholder Governance Paradigm in Response to the COVID-19 Pandemic

2020 ◽  
Vol 4 (1) ◽  
pp. 59
Author(s):  
Zabihollah Rezaee ◽  
Nick J. Rezae
Keyword(s):  
Board Of Directors ◽  
Paradigm Shift ◽  
Stewardship Theory ◽  
Business Organizations ◽  
Exogenous Shock ◽  
Organization Behavior ◽  
Practical Education ◽  
The Board Of Directors ◽  
The Face ◽  
Insight Into

The COVID-19 pandemic has tremendous implications for people and organizations. It has influenced organization behavior and may trigger a paradigm shift regarding the way business organizations consider governance under the new normal. This study conducts a synthesis of the literature and provides an insight into the COVID-19 crisis and its impacts on organization behavior and corporate governance norms and measures. Stakeholder governance of protecting interests of all stakeholders presented in this paper is appropriate in addressing challenges brought on by the COVID-19 pandemic that affect organization behavior. These challenges and related changes will affect all aspects of business organizations from the oversight function by the board of directors to the managerial function by executives. Stakeholder governance is driven from the stakeholder primacy concept with focus on creating and protecting shared value for all stakeholders. Stewardship theory can predict changes that business organizations will make in modifying their stakeholder governance in the face of such an exogenous shock caused by the pandemic. Propositions are advanced and suggestions are provided for policy, practical, education, and research implications.

scholarly journals Analysis of Governance Diversity and Audit Characteristics on Profitability

2021 ◽  
Vol 6 (1) ◽  
pp. 71-78
Author(s):  
Muhammad Taufiq ◽  
Devi Fadila
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Board Of Directors ◽  
Audit Quality ◽  
Stock Exchange ◽  
Regression Technique ◽  
Stewardship Theory ◽  
Return On Assets ◽  
Return On Equity ◽  
The Board Of Directors

This study investigates governance diversity-consisting of female members and national diversity in the board of directors and audit characteristics-consisting of quality and audit tenure on profitability with two proxies, return on assets (ROA) and return on equity (ROE). The investigation uses a stewardship theory to explain the effectiveness of the fiduciary relationship between governance and stakeholders. The regression technique uses panel data with 2.151 data from companies listed on the Indonesia Stock Exchange in 2015-2019. This study demonstrates that audit quality has adverse implications for ROA, while other variables have no effect. It`s findings consistent that female members and audit quality reduce fiduciary relationship-meanwhile national diversity and audit tenure do not have any effect on ROE. This study laid to prove the rating of bad corporate governance and suggests to make disruption in corporate governance characteristics.

scholarly journals A corporate governance study on Italian family firms

2008 ◽  
Vol 5 (4) ◽  
pp. 93-103 ◽  
Author(s):  
Fabrizio Colarossi ◽  
Marco Giorgino ◽  
Roberto Steri ◽  
Diego Viviani
Keyword(s):  
Decision Making ◽  
Cluster Analysis ◽  
Corporate Governance ◽  
Agency Theory ◽  
Board Of Directors ◽  
Family Firms ◽  
Stewardship Theory ◽  
Italian Family ◽  
Governance Systems ◽  
The Board Of Directors

In this paper we investigate three corporate governance issues in 30 Italian family firms: (i) the orientation either to the Agency Theory or to the Stewardship Theory; (ii) the board of directors’ composition; (iii) the ability to involve nonfamily individuals in the company’s management and governance (Openness Index) and the decision-making quality (Extension Index) and we analyze empirical results through a cluster analysis by following the Gubitta and Gianecchini’s approach (2002). Our conclusion suggests that (i) small Italian family firms’ corporate governance systems seem to be consistent with the guidelines suggested by the Stewardship Theory and (ii) Italian family firms’ boards are characterized by a relevant presence of family members.

scholarly journals The effect of the board of directors’ characteristics on the performance of French companies listed on the (CAC 40) Index during 2015-2017

2018 ◽  
Vol 2 (2) ◽  
pp. 23-43
Author(s):  
Hamza BOUSSENNA
Keyword(s):  
Firm Performance ◽  
Agency Theory ◽  
Board Of Directors ◽  
Negative Impact ◽  
Negative Relationship ◽  
Independent Directors ◽  
Stewardship Theory ◽  
Significant Negative Relationship ◽  
The Board Of Directors ◽  
The Impact

This study aims to examine the impact of characteristics of the board of directors on the performance of non-financial French companies listed on the (CAC 40) index during the period 2015-2017. We estimated the firm performance using two types of measures (the accounting and market measures). The findings of the study show that the percentage of independent directors and CEO duality had a negative impact on the performance, which is consistent with the stewardship theory and agency theory respectively, the results also show that there is a significant negative relationship between the number of the board of directors’ meetings and the firm performance.

Sign in / Sign up

Export Citation Format

Share Document