How does Concentrated Ownership impact on Financial Performance? Asian Emerging Economy Evidences

2021 ◽  
Vol 2021 (1) ◽  
pp. 10853
Author(s):  
Abdulla Al Mamun ◽  
Qaiser Rafique Yasser
Keyword(s):  
Financial Performance ◽  
Emerging Economy ◽  
Concentrated Ownership

Determinants of SMEs’ financial performance: evidence from an emerging economy

2021 ◽  
pp. 1-24
Author(s):  
Gabriel Sam Ahinful ◽  
Jeff Danquah Boakye ◽  
Nana Dwomoh Osei Bempah
Keyword(s):  
Financial Performance ◽  
Emerging Economy

scholarly journals Effects of Emerging-Economy Firms’ Knowledge Acquisition from an Advanced International Joint Venture Partner on Their Financial Performance Based on the Open Innovation Perspective

2021 ◽  
Vol 7 (1) ◽  
pp. 67
Author(s):  
Choo Yeon Kim ◽  
Eun-Hwa Seo ◽  
Canisha Booranabanyat ◽  
Kwangsoo Kim
Keyword(s):  
Financial Performance ◽  
Knowledge Acquisition ◽  
Absorptive Capacity ◽  
Open Innovation ◽  
Joint Venture ◽  
Emerging Economy ◽  
Innovation Performance ◽  
Mediation Effect ◽  
International Joint Venture ◽  
International Joint

Although emerging-economy firms (E-E firms) must have a keen interest in improving their performance by utilizing knowledge transferred from their advanced international joint venture (IJV) partner, there has been little research on the performance implications of E-E firms’ knowledge transferred from their advanced IJV partner. So, drawing on open innovation and organizational learning perspectives, we examine whether, how, and when E-E firms’ knowledge acquisition from their IJV partner has a positive impact on their financial performance. Based on data collected from 127 Thai manufacturing firms with a local IJV partnered with an advanced overseas firm, our results reveal that E-E firms’ knowledge acquisition from their IJV partner has an overall positive influence on their financial performance in terms of growth and profitability. Our results further show that innovation performance mediates the relationship between E-E firms’ knowledge acquisition and their financial performance based on a moderated mediation analysis including innovation performance as a mediator and absorptive capacity as a moderator. It is also found that the positive mediation effect of innovation performance is more pronounced in the presence of higher absorptive capacity than otherwise. That is, our results show that even among E-E firms which have acquired much knowledge from their IJV partner, those with higher absorptive capacity achieve better innovation performance than those with lower absorptive capacity, and improved innovation performance subsequently contributes to producing superior financial performance. The key conclusions, implications, and limitations of our study are presented based on these findings.

Investigating the efficacy of isomorphic pressures on the adoption of green manufacturing practices and its influence on organizational legitimacy and financial performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Innocent Senyo Kwasi Acquah ◽  
Dacosta Essel ◽  
Charles Baah ◽  
Yaw Agyabeng-Mensah ◽  
Ebenezer Afum
Keyword(s):  
Financial Performance ◽  
Green Manufacturing ◽  
Emerging Economy ◽  
Organizational Legitimacy ◽  
Green Product ◽  
Content Type ◽  
Green Procurement ◽  
Process Innovations ◽  
Product And Process ◽  
Isomorphic Pressures

PurposeThe need to engage in manufacturing practices that promote environmental sustainability has shifted from being optional to mandatory. From the perspectives of institutional and stakeholder theories, this paper captures the efficacy of isomorphic pressures on the adoption of green procurement, green product and process innovations and their respective influence on organizational legitimacy and financial performance in the context of an emerging economy and from the perspective of manufacturing small-and medium-sized enterprises.Design/methodology/approachThe study adopted a survey research design, a quantitative approach and partial least square structural equation modelling (PLS-SEM) technique in making data analysis and interpretations due to its suitability for predictive research models.FindingsAnalysis of the results highlighted the fact that the composite impact of coercive, mimetic and normative isomorphic pressures robustly influenced the adoption of green procurement, green product and process innovations. Simultaneously, green procurement, green product and process innovations significantly influenced organizational legitimacy. Green procurement and green product innovation also significantly influenced financial performance unlike green process innovation that had an insignificant yet positive impact on financial performance. Based on the results, theoretical and practical implications are explained for policy makers, managers, government authorities and owners.Originality/valueThe study is among the first to expose isomorphic pressures on the adoption of green manufacturing practices specifically, green procurement, green product and process innovations and their influence on organizational legitimacy and financial performance in the context of Ghana, an emerging economy and from the perspective of small-and medium-sized enterprises. As such, the study provides guidance to relevant industry authorities and stakeholders in further promoting green manufacturing practices that preserve the environment by producing safer consumer products through efficient green procurement, green product and process innovative practices.

Board Composition and Financial Performance: Uncovering the Effects of Diversity in an Emerging Economy

2011 ◽  
Vol 105 (3) ◽  
pp. 375-388 ◽  
Author(s):  
Jyoti D. Mahadeo ◽  
Teerooven Soobaroyen ◽  
Vanisha Oogarah Hanuman
Keyword(s):  
Financial Performance ◽  
Emerging Economy ◽  
Board Composition

scholarly journals Intellectual Capital and Financial Performance in an Emerging Economy: An Empirical Investigation of a Nigerian Bank

2012 ◽  
Vol 11 (2) ◽  
pp. 1-20
Author(s):  
Michael Chidiebere Ekwe
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Intellectual Capital ◽  
Empirical Investigation ◽  
Emerging Economy ◽  
Performance Indices ◽  
General Belief ◽  
The Relationship

The general belief that employees of an organization are important assets to that organization has not been empirically proved as not many studies have investigated the relationship or association between the intellectual capital components and the organizational  performance indices.

scholarly journals Corporate Governance Development and Practices in an Emerging Economy: A Review of Empirical Findings and Literature in Saudi Arabia

2021 ◽  
Vol 16 (3) ◽  
pp. 11
Author(s):  
Bader Alharbi ◽  
Abdullah Alharbi
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Financial Performance ◽  
Institutional Environment ◽  
Emerging Economy ◽  
Business Culture ◽  
Voluntary Disclosures ◽  
Corporate Social ◽  
Made In

Purpose: The aim is to review the literature and present some of the academic contributions researchers have made in the study, development and practice of corporate governance (CG) in Saudi Arabia. Design/Methodology: We conducted a guided words search on electronic databases using “corporate governance in Saudi Arabia” as the search words. The scope of the study was restricted to the needed materials and information contained in refereed journals from 1965 to 2018 and held in the ABI/INFORM Global, Emerald databases and a few other internationally recognized electronic databases. The papers were first sorted into areas of possible CG application. They are finally analyzed and then synthesized. Findings: That six broad areas have been examined in relation to CG structures and development; they include: company financial performance, corporate social responsibilities, earnings management, corporate voluntary disclosures, financial structure and the role of CG in times of financial crisis. The papers are skewed in favour of, CG and company financial performance at the expense of other areas. CG has evolved, even though, the country’s institutional environment may not be too close to those of OECD nations, but the establishment of the new 2006 CG code is a positive addition to the business culture. Nevertheless, there are still other outstanding CG issues identified by scholars and practitioners that are not in conformity with international best CG practices. Research limitations/implications: The study’s analysis was restricted to between 1965 and 2018, and papers from some and not all electronic data bases were used. Originality/value: The paper provides a comprehensive review and analysis CG development and practice in an emerging economy where greater importance is usually attached to informal relationships and other considerations than formal CG mechanisms.

scholarly journals Family presence and financial performance in large listed companies in India

2011 ◽  
Vol 7 (2) ◽  
pp. 40-53 ◽  
Author(s):  
Rakesh Pandey ◽  
Dennis Taylor ◽  
Mahesh Joshi
Keyword(s):  
Financial Performance ◽  
Family Firms ◽  
Negative Relationship ◽  
Multiple Linear Regression Model ◽  
Family Ownership ◽  
Business Practices ◽  
Family Presence ◽  
Listed Firms ◽  
Concentrated Ownership ◽  
Better Than

This study investigates the impacts of family presence and board independence on corporate financial performance in 131 large listed firms from India, an emerging economy dominated by the presence of large business groups having concentrated ownership. Family presence includes the extent of family ownership and appointment of family CEO and family chairperson. Employing a multiple linear regression model, this study first detects a positive relationship between family ownership and financial performance. Second, a negative relationship is found between family CEO and firm performance, indicating that family firms with non-family CEOs perform better than firms having family CEOs. Third, the proportion of Board outsiders ‟ (i.e. independent non-family directors) is found to have no significant relation to financial performance, thus challenging agency theory‟s need for independent monitoring in family firms to enhance performance. These results are interpreted in the context of historical Indian family business practices and modern changes.

The association between organisational culture, CSR practices and organisational performance in an emerging economy

2020 ◽  
Vol 28 (6) ◽  
pp. 977-1011
Author(s):  
Faruk Bhuiyan ◽  
Kevin Baird ◽  
Rahat Munir
Keyword(s):  
Financial Performance ◽  
Structural Equation ◽  
Emerging Economy ◽  
Organisational Culture ◽  
Organisational Performance ◽  
Content Type ◽  
Different Dimensions ◽  
Corporate Social ◽  
The Impact ◽  
Team Orientation

Purpose This study aims to investigate the influence of organisational culture, specifically O’Reilly et al.’s (1991) six dimensions of the organisational culture profile (respect for people, outcome orientation, team orientation, innovation, attention to detail and stability) on corporate social responsibility (CSR) practices and the subsequent impact of CSR practices on organisational performance from the context of an emerging economy. Design/methodology/approach The study used a survey of middle- and higher-level managers in Bangladeshi organisations to develop a seven-dimensional model of CSR practices and used structural equation modelling to analyse the developed hypotheses. Findings The findings provide evidence of the influence of the six different dimensions of organisational culture on the different dimensions of CSR practices. The findings highlight the diverse impacts (i.e. positive and negative) of CSR practices on organisational performance. The study also highlights the direct influence of organisational culture on both financial and non-financial performance. In particular, the outcome and team orientation culture are positively associated with non-financial and financial performance, respectively, while an innovative culture is negatively associated with both non-financial and financial performance. Practical implications The findings of the study provide practitioners, internal (i.e. the managers and business owners of both the local and multinational organisations) and external policy-makers, and foreign investors in an emerging economy with new insights into the role of an intra-organisational factor (i.e. organisational culture) in influencing the adoption of CSR practices and the subsequent impact of CSR practices on organisational performance. Originality/value Using the 52 guidelines of CSR practices provided by the Organisation for Economic Co-operation and Development, this study provides a unique empirical insight into the influence of organisational culture on CSR practices and the impact of CSR practices on organisational performance. The findings contribute to the limited CSR literature examining the influence of organisational culture on the adoption of CSR practices and its subsequent impact on organisational performance in an emerging economy.

scholarly journals Impact of Women and Independent Directors on Corporate Social Responsibility and Financial Performance: Empirical Evidence from an Emerging Economy

2021 ◽  
Vol 13 (11) ◽  
pp. 6053
Author(s):  
Chenxi Wang ◽  
Xincai Deng ◽  
Susana Álvarez-Otero ◽  
Muhammad Safdar Sial ◽  
Ubaldo Comite ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Regression Model ◽  
Financial Performance ◽  
Emerging Economy ◽  
Independent Directors ◽  
Executive Directors ◽  
Csr Reporting ◽  
Corporate Social ◽  
The Impact

The purpose of our study is to investigate the impact of women and independent directors on corporate social responsibility and financial performance. We use the fixed effect regression model as a baseline methodology. The data set includes information from 2010 to 2019 regarding Chinese non-financial companies, from which we use yearly information. The RSK rating is used for the assessment of corporate social responsibility reporting, ranging from 0 to 100, and other data are taken from the China stock market and accounting research (CSMAR) database. We use a two-stage least square (TSLS) regression model to control the possible problem of endogeneity. The empirical results show that gender diversity in boards significantly and positively affects CSR reporting. We do not find an effect due to non-executive directors on CSR reporting. The presence of non-executive directors on a board is mostly trivial in the case of China, as they do not have much influence with regard to decision making, especially related to CSR reporting. The control variables, such as board size, board member meeting frequency and leverage, are also found to have a significant effect on CSR reporting. Therefore, our results add a new aspect to the emerging literature on CSR reporting, especially in China. Furthermore, our results are robust with regard to the alternative variables under consideration. Our study has important implications. Our research enriches the existing literature on CSR and highlights the importance of female and independent directors having an impact on decisions related to the increased reporting of CSR activities. Our study contributes to the existing literature by presenting a pioneering investigation of the effect of female and independent directors on CSR reporting, as well as shedding light on the relationship in the context of an emerging economy.

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