Corporate Governance Models as a Bridge for Linking Academic and Non-Academic Entrepreneurs

2011 ◽  
Vol 25 (2) ◽  
pp. 119-131 ◽  
Author(s):  
Roberto Parente ◽  
Rosangela Feola ◽  
Michele Petrone
Keyword(s):  
Corporate Governance ◽  
Interesting Case ◽  
New Venture ◽  
Entrepreneurial Opportunity ◽  
Sample Group ◽  
Academic Entrepreneurs ◽  
Governance Model ◽  
Academic Inventors ◽  
Governance Models ◽  
The Relationship

This paper reports an investigation of governance issues in Italian academic spin-offs that arise from the need to balance the powers of two categories of partner: academic inventors and external investors (such as established companies and venture capital funds). The relationship between inventors and external investors, jointly pursuing a research-based entrepreneurial opportunity, provides an interesting case for the application of the agency theory construct to define adequate corporate governance procedures. The paper has two main objectives: to analyse the governance models adopted by academic spin-offs and to ascertain whether the very nature of entrepreneurial opportunity, and the associated uncertainties that a new venture faces, influence the choice of the governance model adopted. A sample group of 30 Italian academic spin-offs is analysed and three different governance models, inventor-led spin-offs, mixed-led spin-offs and investor-led spin-offs, are defined.

University Governance for the Longer-Term

2015 ◽  
Vol 4 (1) ◽  
pp. 105-127
Author(s):  
Jeanette Baird
Keyword(s):  
Corporate Governance ◽  
University Governance ◽  
University System ◽  
Chinese Universities ◽  
Academic Governance ◽  
University Systems ◽  
Governance Practices ◽  
Governance Models ◽  
The Relationship ◽  
Blind Spots

Corporate governance models are becoming more prevalent in many universities, despite concerns over the effects of corporate practices on the identity of universities as a unique institutional field. In Westminster university systems, governance practices have become highly professionalized along corporate lines, not least to ensure a good fit with the necessary regulatory regimes for a marketized university system. Examples of Australian practices are provided to illustrate the governance dynamics, as both Western and Chinese corporate governance practices will affect the culture of Chinese universities, despite the continuance of deeply-inscribed State influence. Professionalization of governance in Australia has brought benefits but also generated some ‘blind spots’ to sustaining the longer-term features of successful universities. Stronger academic governance could provide a counterweight, yet the relationship between corporate governance and academic governance is not yet as well-defined as it needs to become.

scholarly journals The Responsibility Principles in The Framework of Good Corporate Governance of The Social Welfare Institution in The Special Region of Yogyakarta

2019 ◽  
Vol 2 (1) ◽  
pp. 57-73
Author(s):  
Sugiyanto Sugiyanto ◽  
Heru Kurnianto Tjahjono ◽  
Arief Hartono ◽  
Lathiful Khuluq
Keyword(s):  
Corporate Governance ◽  
Social Welfare ◽  
Good Corporate Governance ◽  
Governance Model ◽  
The Social ◽  
Governance Models ◽  
Welfare Institution ◽  
Special Region ◽  
Descriptive Qualitative

This research of responsibility in the framework of good corporate governance aims to know the responsibility principles in the framework of good corporate governance and governance model of social welfare institution (LKS) in the Special Region of Yogyakarta (DIY). This type of study is a case study. The type of research conducted is descriptive qualitative, that is the researchers give an idea about the responsibility principles in the framework of good corporate governance of social welfare institution in DIY. The result of the research shows that there are fie responsibility principles which happened to social welfare institution in DIY and there are fie governance models of social welfare institution in DIY. Although the study was conducted for 8 years, this study still has weaknesses. It is advisable for further research to analyze thecorrelation between indicators of good corporate governance. The implications of the research are used as a reflection for policymakers, managers of LKS and donors.

THINKING AND SLACKING OR DOING AND FEELING? GENDER AND THE INTERPLAY OF COGNITION AND AFFECT IN NEW VENTURE PLANNING

2011 ◽  
Vol 16 (02) ◽  
pp. 213-226 ◽  
Author(s):  
CRAIG E. ARMSTRONG
Keyword(s):  
Entrepreneurial Intentions ◽  
New Venture ◽  
Behavior Model ◽  
Business Planning ◽  
Entrepreneurial Opportunity ◽  
Sense Of Ownership ◽  
Entrepreneurial Opportunities ◽  
New Business ◽  
Planning Processes ◽  
The Relationship

Studies of the relationship between gender and entrepreneurship have shown that men are significantly more likely to start a new business than women. Because an individual's entrepreneurial intentions are shaped by the perceived feasibility and desirability of an entrepreneurial opportunity, these results have generally emphasized how men perceive themselves as more capable of pursuing entrepreneurial opportunities than women. In this study, men have a higher level of self-efficacy than do women regarding entrepreneurial abilities. At the same time, the higher levels of involvement in business planning processes caused women to have a higher sense of ownership in the plan than did men. This sense of ownership is positively and significantly related to the perceived likelihood of success of the new venture. The findings of this study suggest women adopt certain roles and affects in the development of entrepreneurial opportunities that provide alternative explanations to the beliefs-attitudes-intentions-behavior model of intentionality. The roles and affects women adopt during new venture planning may give them superior insights into the likelihood of success of the new venture.

scholarly journals The impact of corporate governance on Turkish banking sector during economic crisis: The test of instrumental stakeholder theory

2011 ◽  
Vol 8 (3) ◽  
pp. 28-41
Author(s):  
Suleyman Gokhan Gunay ◽  
Mustafa Heves
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Economic Crisis ◽  
Stakeholder Theory ◽  
Banking Sector ◽  
Return On Equity ◽  
Average Return ◽  
Governance Model ◽  
The Impact ◽  
The Relationship

The aim of this paper is to show the relationship between corporate governance and bank financial performance during economic crisis. In other words, a stakeholder governance model is developed in order to test the instrumental stakeholder theory during economic crisis. It is found that the average return on equity for the group of banks that use stakeholder governance model is approximately 70% higher than the group of banks that use stockholder governance model in Turkey during the economic crisis period (2007-2009). These findings show the importance of stakeholder governance model during the economic crisis. In other words, it is found that banks immunized themselves against the effects of economic crisis in terms of their financial performance

scholarly journals Explaining the complexity relationship of CSR and financial performance using neo-institutional theory

2020 ◽  
Vol 27 (3) ◽  
pp. 227-244
Author(s):  
Golrida Karyawati P ◽  
Bambang Subroto ◽  
Sutrisno T ◽  
Erwin Saraswati
Keyword(s):  
Corporate Governance ◽  
Institutional Theory ◽  
Financial Performance ◽  
Developed Countries ◽  
Future Research ◽  
Institutional Factor ◽  
Content Type ◽  
Governance Model ◽  
Corporate Governance Model ◽  
The Relationship

PurposeThis study aims to prove the complexity of the relationship between CSR and financial performance (FP) and to decompose the complexity of the relationship using neo-institutional theory.Design/methodology/approachThis research employs a meta-analysis that integrates 55 various contexts studied between 1998 and 2017 using correlation coefficient as the effect size.FindingsThis study proves that the nature of the relationship between CSR and FP is complex and suggests that the analysis of the relationship between the two variables includes institutional factors to produce generalizable conclusions. Country characteristics, forms and dimensions of CSR, CSR measurements and FP measurements explain the complexity of the relationship between CSR and FP.Research limitations/implicationsFuture research is expected to include industry characteristics and the corporate governance model in the analysis of the relationship between CSR and FP. Differences in industry characteristics affect the selection of CSR forms and dimensions, bringing it the potential to influence the relationship between CSR and FP. The corporate governance model adopted by developing countries and developed countries also has the potential to be an institutional factor to influence the relationship between CSR and FP.Originality/valueThis research proves that the complexity of the relationship between CSR and FP is nature given. This research explores the factors causing the complexity of the relationship using neo-institutional theory, which, to the author's knowledge, has not been done by other researchers.

BUMI Plc: Case of Contrasting Governance Cultures?

2015 ◽  
Vol 4 (2) ◽  
pp. 240-250
Author(s):  
Malla Praveen Bhasa
Keyword(s):  
Corporate Governance ◽  
Governance Structures ◽  
Western Model ◽  
Governance Model ◽  
The Face ◽  
Governance Models ◽  
Corporate Governance Model ◽  
Insight Into ◽  
East West ◽  
Subsequent Failure

For an inquisitive student of corporate governance, the BUMI Plc case offers an extraordinary insight into the nuances of contrasting corporate governance cultures and their associated problems. The marriage of the East–West governance models and its subsequent failure has brought to the fore the vulnerability of the Anglo-Saxonic corporate governance model in the face of entrenched relationships characterizing Eastern governance structures. Western investor Nat Rothschild joins hands with the Bakries of Indonesia to build a mining behemoth. Despite the Bakries’ supposed lack of governance integrity, Nat allies with them with the confidence that the demands of Anglo-Saxonic corporate governance model would play a great leveller in ironing out any mis-governance-related issues. Whether he was too confident of the Western model of governance, or on his own competence as a successful investor, or whether he failed to grasp and appreciate other models of governance is a matter of debate. Suffice it to say that Nat sensed a huge business potential in Indonesia, and despite a contrasting governance model followed by Indonesian businessmen, he partnered with them in the hope that at the end the Anglo-Saxonic governance model would prevail and maximize shareholder value. Was he proven right or whether he misjudged his partner’s governance model forms the basis of this case. The case does not argue for or against any governance model. Instead it draws the student’s attention to the existence of different governance models and their interplay in a unified setting.

scholarly journals Corporate governance and performance: Empirical evidence from Italian airport industry

2012 ◽  
Vol 9 (4) ◽  
pp. 66-80 ◽  
Author(s):  
Federico Rotondo
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Data Envelopment Analysis ◽  
Best Practices ◽  
Data Envelopment ◽  
Governance Models ◽  
Degree Of Maturity ◽  
And Performance ◽  
Using Data ◽  
The Relationship

This paper empirically examines the degree of maturity of corporate governance of Italian airport companies, after about twenty years from the beginning of the reform aimed at the privatization of the industry. Two corporate governance issues are investigated: i) the development of different corporate governance models by different categories of airports; ii) the relationship between corporate governance models and the technical and financial performance of Italian airport companies. For this reason two indexes have been developed to capture two corporate governance features such as decision-making power concentration and alignment to best practices. Then the correlation of corporate governance indexes with the efficiency, measured by using data envelopment analysis (DEA) methodology, is tested on a significant sample of Italian airports

scholarly journals Transformation of corporate governance models in investment funds

2020 ◽  
Vol 89 ◽  
pp. 01005
Author(s):  
Aleksandr Metzger
Keyword(s):  
Corporate Governance ◽  
Current Model ◽  
Investment Fund ◽  
Investment Funds ◽  
Concentrated Ownership ◽  
Governance Model ◽  
Investment Process ◽  
Control And Management ◽  
Corporate Governance Model ◽  
The Relationship

The article is devoted to the phenomenon of corporate governance in investment funds, as one of the key elements ensuring the effective functioning of this institution of financial intermediation. A narrow and formal understanding of the term “corporate governance” in mutual funds is reduced to the relationship between owners and leaders of the management companies. This problem is devoid of practical sense in the context of highly concentrated ownership in these companies. The author proposes an expanded interpretation of corporate governance based on considering an investment fund as an “investment corporation”, in which the participants are various categories of investors, fund management, as well as a number of other participants and stakeholders, depending on the nature of the investment process. Considering corporate governance as a system of control and management in Russian investment funds, the author comes to a number of conclusions. The current model considers the protection of the interests of fund investors from the opportunism of managers as a priority and meets the specifics of a certain market segment. The same model, but under different conditions, becomes redundant or even destructive. The analysis of the specifics of the activities of the investment funds for qualified investors makes it possible to formulate adequate changes in the corporate governance model. These include: 1) the transition to a model of coordinating the interests of the investors (controlling and minority), as well as other participants in the investment process, 2) reducing external regulation and moving to internal mechanisms for assessing and making decisions, taking into account the qualifications of the participants themselves, 3) limiting or compensation for the excessive influence of the controlling investor with a concentrated structure of investors.

scholarly journals The Corporate Governance Models for Banks: A Comparative Study

2021 ◽  
Vol 16 (1) ◽  
pp. 210-220
Author(s):  
Salah U-Din
Keyword(s):  
Corporate Governance ◽  
Banking System ◽  
Anglo Saxon ◽  
Governance System ◽  
Lower Margin ◽  
Financial Outcomes ◽  
Governance Model ◽  
Corporate Governance System ◽  
Distribution Of Resources ◽  
Governance Models

Abstract An effective corporate governance system is vital in modern-day economics and firms. It can help to specify the distribution of roles, responsibilities, and resources among various stakeholders of an organization or society. The enhanced role of the banks in various economic systems demands a higher level of corporate bank governance for a stable and sustainable financial system. In this paper; four major corporate governance models of banks are compared and the financial outcomes of each model are analyzed to assess their alignment with expectations of an effective corporate governance system. The Continental corporate governance model found to be closer to the expectations of an effective corporate governance system compared to the Anglo- Saxon, Chinese, and Islamic banking. Banks under the Continental model charge lower margin to its customers, use bank resources more efficiently and create relative balance in the distribution of resources among all stakeholders compared to the other three models. Banks under the Anglo- Saxon model are charging higher margin to its customer, Chinese banks are under-utilizing the banks’ resources, and Islamic banks are more favoring their shareholders and are riskier among banks of all selected models. Higher involvement of the more stakeholders in the decision-making process of the banks is key to effective corporate governance and sustainable banking system. Reforms in all corporate governance models are recommended while keeping in mind the prior research on corporate governance especially the Sir Adrian Cadbury report.

scholarly journals Financial Performance in the Light of Corporate Governance in Polish Family Businesses

2017 ◽  
Vol 17 (2) ◽  
pp. 56-70
Author(s):  
Błażej Socha ◽  
Aleksandra Majda-Kariozen
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Empirical Analysis ◽  
Family Businesses ◽  
Governance Model ◽  
Governance Process ◽  
And Control ◽  
Corporate Governance Model ◽  
The Relationship ◽  
The Empirical Analysis

AbstractThe article presents a view (on the basis of theoretical and empirical analysis) of corporate governance models used in Polish family businesses through financial performance. The empirical analysis covered a sample of 24,000 Polish family businesses in the period of 2008–2013. The use of linear regression has allowed the authors to verify the hypothesis concerning the occurrence of differences in profitability ratios in groups of family businesses using variant management models and allowed verifying the relationship between the degree of control and involvement of the owners in management and financial performance. The received results, though inconclusive, indicate that the involvement of the owner in the governance process can affect the financial aspect of a business. The prepared empirical analysis and conclusions of the article contribute to a better understanding of the measures taken on management and control decisions; what is more, they can provide guidance to the owners of family businesses in shaping the corporate governance model.

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