scholarly journals Corporate governance, dynamic capabilities and business performance in companies listed in Brasil, Bolsa, Balcão S/A (B3 S/A)

2021 ◽  
Vol 14 (1) ◽  
pp. 182-201
Author(s):  
Flávia Lorenne Sampaio Barbosa ◽  
Jose Ednilson de Oliveira Cabral ◽  
João Carlos Hipólito Bernardes do Nascimento ◽  
Fabiana Pinto de Almeida Bizzaria
Keyword(s):  
Corporate Governance ◽  
Direct Effect ◽  
Business Performance ◽  
Dynamic Capabilities ◽  
Mediating Effect ◽  
Agency Conflicts ◽  
Corporate Governance Mechanisms ◽  
Final Sample ◽  
Positive Effect ◽  
Cross Section Method

Purpose- The main objective is to analyze the direct effect of Corporate Governance (CG) on Dynamic Capabilities (DCs) and on Business Performance (BP), and the moderating and/or mediating impact of DCs on the CG-BP relationship.Methodology- The quantitative analysis was performed through PLS-SEM. Data were collected through a survey involving companies listed in B3 S/A from 2014 to 2016, except for companies from the financial sector. The final sample encompassed 195 companies per assessed year, thus totaling 585 observations concerning 2014, 2015 and 2016.Findings- Confirmed the direct and positive effect of CG on DC development, as well as DC’s influence on BP and the mediating effect of DC on the CG - BP relationship. The main conclusion was that DCs are a powerful mediating influence on the CG-BP relationship. Hence, even with efficient corporate governance mechanisms, the companies must make decisions in line with their dynamic capabilities as a way to reach better business performance.Limitations- Research cross-section method of data collection; and universe of companies listed in the Brazilian stock market.Practical implications- For example, the rejected hypothesis about the direct effect of CG on BP and the confirmation of the indirect effect via DCs suggests the analysis of aspects related to costs with monitoring procedures applied to agency conflicts and to complementary factors that must be achieved in order to boost performance. On practical terms, the results contribute to companies that look for the best and most satisfactory performance in the markets they work in.

scholarly journals The impact of corporate governance mechanisms and IFRS on earning management in Saudi Arabia

Accounting ◽  
2021 ◽  
pp. 207-224
Author(s):  
Abdulwahid A. Hashed ◽  
Faozi A. Almaqtari
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Financial Reporting ◽  
Audit Committee ◽  
Reporting Quality ◽  
Financial Reporting Quality ◽  
Earning Management ◽  
Negative Effects ◽  
Corporate Governance Mechanisms ◽  
Positive Effect

The current research seeks to assess the influence of corporate governance mechanisms and IFRS adoption on compliance with IFRS, earning management, and financial reporting quality(FRQ). A sample comprises 102 Saudi listed firms for the period spanning from 2014 up to 2019 was used. The study used descriptive statistics, correlation analysis and multivariate analysis to estimate the results. The results reveal that while board size, board meeting and foreign ownership had negative effects on compliance with IFRS, board and audit committee independence exhibited a positive effect. Further, the results demonstrate that there was a sign of earning management under IFRS when a performance magnitude was used. The results also indicate that board and audit committee size, audit committee meeting and managerial ownership had significant negative effects on financial reporting quality however, board and audit committee independence showed a significant positive effect. Importantly, the results found that FRQ under IFRS was better than Saudi GAAP. The present research provides practical implications for policy makers, stock market authority, and academicians. More regulatory and disclosure requirements have to be imposed and financial reporting supervisory board need to be formed. The present research provides a novel contribution to IFRS compliance, earning management, financial reporting quality and corporate governance literature. It has a unique contribution as it attempts to investigate this issue in the context of an emerging economy and a recent IFRS adopter; Saudi Arabia that has special country-specific characteristics. The study also provides an evidence by investigating earning management and financial reporting quality under both sets of accounting standards; IFRS and Saudi GAAP.

scholarly journals Mediating effect of relational capabilities in the relationship between entrepreneurial orientation and SMEs performance

2021 ◽  
Vol 17 (1) ◽  
pp. 129-146
Author(s):  
Nuryakin ◽  
Keyword(s):  
Entrepreneurial Orientation ◽  
Structural Equation ◽  
Business Performance ◽  
Theory And Practice ◽  
Mediating Effect ◽  
Significant Positive Effect ◽  
Central Java ◽  
Relational Capabilities ◽  
Positive Effect

Purpose: The aim of this research is to analyze empirical evidence of the effect of entrepreneurial orientations on SMEs' business performance. The previous study found that entrepreneurial orientation became an important key for an entrepreneur to enhance business performance. This study also examined the role of relational capabilities as an intervening variable to achieve business performance. Methodology: The sample in this study was the furniture SMEs in the region of central Java with a sample size of 208 SMEs. This study used purposive sampling methods. Structural Equation Modelling (SEM) was used to test results of the data analysis with the help of software AMOS/Amos Graph. Findings: The results of the study showed that entrepreneurial orientation has a significant positive effect on business performance. Entrepreneurial orientation has a significant positive effect on relational capabilities. Relational capabilities are mediated the positive relationship between entrepreneurial orientation and business performance significantly. Implications for theory and practice: The results of this study indicate the effect of entrepreneurial orientation on business performance and relational capabilities and mediating role of relational capabilities. Therefore, SMEs ought to develop relational capabilities with SMEs networks through strengthening entrepreneurial orientation to achieve SMEs' performance. Originality and value: The main contribution of the study from the combination of entrepreneurial orientation and relational capabilities of SMEs to enhance business performance.

scholarly journals Income Diversification and Financial Performance: The Mediating Effect of Banks’ Size, Ownership Structure and the Financial Crisis in Vietnam

2021 ◽  
Vol 22 (2) ◽  
Author(s):  
Phan Gia Quyen ◽  
Nguyen Tran Thai Ha ◽  
Susilo Nur Aji Cokro Darsono ◽  
Tran Dang Thanh Minh
Keyword(s):  
Financial Performance ◽  
Direct Effect ◽  
Generalized Method Of Moments ◽  
Mediating Effect ◽  
Diversification Strategy ◽  
Income Diversification ◽  
Policy Makers ◽  
Theoretical Contribution ◽  
Financial Variables ◽  
Positive Effect

Research aims: This study focuses on the correlation between income diversification and financial performance, taking into account banks’ size and type of ownership as well as financial crisis.Design/Methodology/Approach: This study uses financial data of 29 commercial banks in Vietnam during the period from 2005 to 2018. This research employs an Generalized Method of Moments (GMM) regression.Research findings: The results do not find a statistical evidence of a direct effect of banks’ income diversification on their financial performance. However, when considering the classification factors such as bank’s size and type of ownership, the findings show that big-scale and state-owned banks can take advantages of diversification strategies to boost their profitability. Moreover, the study proves that income diversification generates the significantly positive effect on banks’ financial performance during the time of financial crisis.Theoretical contribution/ Originality: Theoretical contribution in order to provide evidence on the direct effect of income diversification on bank’s financial performance in relation with  banks’ size and type of ownership as well as financial crisis.Practitioner/Policy implication:  Further, this research also contributes on managerial contribution for the bank’s manager, policy-makers and investors to get sight of good banks’ financial performance in the context of unstable economy.Research limitation/Implication: The limitations still exist in this research, such as: (1) the number of banks participating in the research sample is a predictable limitation; (2) this research mainly focused on financial variables but ignores the variables representing the manager’s behaviour and the bank’s organization structure; (3) the future studies can focus on these aspects to further explore the hidden picture of diversification strategy and banking performance.

scholarly journals The Role of Islamic Corporate Governance and Risk Toward Islamic Banking Performance: Evidence from Indonesia

2021 ◽  
Vol 22 (3) ◽  
pp. Layouting
Author(s):  
Emile Satia Darma ◽  
Akhsyim Afandi
Keyword(s):  
Corporate Governance ◽  
Supervisory Board ◽  
Islamic Banks ◽  
Governance Mechanisms ◽  
Business Units ◽  
Corporate Governance Mechanisms ◽  
Negative Effect ◽  
Conventional Banks ◽  
Positive Effect

Research aims: This study aims to analyze the role of Islamic corporate governance mechanisms on the performance of Islamic banks. Besides, it also analyzes the effect of risk profiles, especially those that are directly related to bank financing, on the performance of Islamic Banks.Design/Methodology/Approach: Sharia banks that become the objects are Sharia Commercial Banks (SCB) and Sharia Business Units of Conventional Banks (SBU). This study uses data from 20 sharia banks (11 SCB and 9 SBU). The analytical tool used in this study is panel data regression.Research findings: The results show that the meeting frequency of the Board of Commissioners, Sharia Supervisory Board (SSB), Financing to Deposits Ratio (FDR), and bank size have a significant positive effect on the performance of Islamic banks. Non-Performing Financing (NPF) has a significant negative effect on the performance of Islamic banks.Theoretical contribution/Originality: This study utilized Stakeholders theory, Maqoshid Sharia concept, and corporate governance to investigate the role of Islamic corporate governance mechanisms and risk management on sharia Banks performance.Practitioner/Policy implication: The implication of this study is that SSB activities had a direct and robust influence on Islamic Banks, which have relatively larger assets. Hence, the task of the Sharia Supervisory Board should not be limited to only monitoring the conformity of transactions with sharia but also providing input so that banks can increase their profits in line with sharia.Research limitation/Implication: The limitation in this study is the number of corporate governance variables that was limited.

scholarly journals Governmental Ownership of Voluntary Sustainability Information Disclosure in an Emerging Economy: Evidence from Vietnam

2020 ◽  
Vol 12 (16) ◽  
pp. 6686
Author(s):  
Hang Thi Thuy Pham ◽  
Sung-Chang Jung ◽  
Su-Yol Lee
Keyword(s):  
Corporate Governance ◽  
Information Disclosure ◽  
Social Information ◽  
Sustainability Reporting ◽  
Emerging Economy ◽  
Government Ownership ◽  
Institutional Perspective ◽  
Corporate Governance Mechanisms ◽  
Sustainability Disclosure ◽  
Positive Effect

Emerging economies have increasingly paid attention to sustainability issues in the business circle. However, few studies have explored what facilitates sustainability information disclosure. This study examines how corporate governance mechanisms, particularly government ownership, affect sustainability disclosure in an emerging economy—Vietnam. By combining related research streams, including stakeholder theory, institutional perspective, and principal–agent theory, we present a hypothesis on the effect of corporate governance on sustainability reporting. The logistic regression analysis and analysis of variance on 2678 Vietnamese sample firm-years from 2010 through 2016 indicate that government ownership is negatively associated with voluntary environmental and social information disclosure. Additionally, they demonstrate that ownership concentration tends to lower non-financial information disclosure, while individual largest shareholder has a positive effect. These findings provide managers and policymakers with theoretical and practical implications to encourage firms in emerging Asian economies such as Vietnam to adopt sustainability activities and disclose social information.

scholarly journals PENGARUH KEPEMILIKAN KELUARGA TERHADAP KEBIJAKAN DIVIDEN DENGAN BOARD OF INDEPENDENCE SEBAGAI VARIABEL MODERASI

2018 ◽  
Vol 8 (3) ◽  
pp. 614
Author(s):  
Poniman . ◽  
Sutrisno T ◽  
Abdul Ghofar
Keyword(s):  
Dividend Policy ◽  
Family Ownership ◽  
Type Ii ◽  
Agency Conflicts ◽  
Minority Shareholders ◽  
High Concentration ◽  
Good Corporate Governance ◽  
Corporate Governance Mechanisms ◽  
Positive Effect

High concentration of family ownership in East Asia has led to agency conflicts between the majority and minority shareholders potentially affecting the company's dividend policy. This study aims to examine the effect of family ownership on dividend policy. This study also examined the role of board of independence as a moderator in strengthening the influence of family ownership on dividend policy. The result proves that family ownership negatively affects dividend policy but with the existence of board of independence, family ownership has positive effect on dividend policy. This study contributes to the theory of agency type II which discusses conflicts between majority shareholders by family and minority that can be eliminated by good corporate governance mechanisms

scholarly journals Peran Kepuasan Konsumen Sebagai Pemediasi Praktek Kualitas dan Kinerja Bisnis UMKM di Kota Banda Aceh

2019 ◽  
Vol 4 (2) ◽  
pp. 266
Author(s):  
Nurbismi Nurbismi ◽  
Endra Gunawan
Keyword(s):  
Customer Satisfaction ◽  
Business Performance ◽  
Model Analysis ◽  
Mediating Effect ◽  
Positive Effect ◽  
Banda Aceh

The Purpose of this research is to determine the effect of quality practice on customer satisfaction and business performance of small and medium entreprises in Banda Aceh. In the research, customer satisfaction employeed as intervening variable between quality practice and business performance. The sample of the research are 50 owners of small and medium entreprises, and then model analysis operarationalized by  hierarchical linier methods. The research found that quality practice has a significant and positive effect on customer satisfaction and business performance. The existence of customer satisfaction can be an intervening variable between business performance and quality practice. The mediating effect showed by customer satisfaction is partial mediating.

TOWARD A RESEARCH MODEL OF MARKET ORIENTATION AND DYNAMIC CAPABILITIES

2008 ◽  
Vol 36 (9) ◽  
pp. 1251-1268 ◽  
Author(s):  
Jia-Jeng Hou
Keyword(s):  
Firm Performance ◽  
Conceptual Model ◽  
Market Orientation ◽  
Dynamic Capabilities ◽  
Mediating Effect ◽  
Future Research ◽  
Compelling Evidence ◽  
Research Model ◽  
The Impact ◽  
Positive Effect

In the majority of studies on market orientation it is claimed that compelling evidence exists that market orientation has a positive effect on firm performance. It is important to investigate the mediating effect of market orientation on firm performance. Drawing on the dynamic capabilities perspective, in this paper, the view is taken that market orientation is a rare, valuable, and inimitable firm resource; and furthermore is a set of dynamic capabilities. In light of conceptual and empirical advancement, a research model about the impact of market orientation and dynamic capabilities on firm performance is proposed and delineated. With the conceptual model that is developed, the author shows how market orientation can be transformed into dynamic capabilities and it is argued that the competitive value of market orientation is positively mediated by dynamic capabilities. Finally, some research hypotheses for future research are discussed.

scholarly journals Pengaruh Tax Avoidance Dan Mekanisme Corporate Governance Pada Manajemen Laba

2019 ◽  
Vol 28 (3) ◽  
pp. 1886
Author(s):  
Putu Maysani ◽  
I Gusti Ngurah Agung Suaryana
Keyword(s):  
Corporate Governance ◽  
Earnings Management ◽  
Sampling Method ◽  
Tax Avoidance ◽  
Negative Influence ◽  
Audit Committees ◽  
Managerial Ownership ◽  
Corporate Governance Mechanisms ◽  
Study Population ◽  
Positive Effect

Earnings management is one of the actions taken by management to manipulate profits generated by the company for certain purposes. The research aims to find evidence about how the influence of tax avoidance and corporate governance mechanisms on earnings management is carried out by company managers. The study population is a manufacturing company listed on the IDX for the period 2013-2017, then the sample is determined by a probability sampling method with the results of 12 companies. The results of the study show that tax avoidance and board of directors have a positive effect on earnings management; independent commissioners, audit committees, institutional ownership, and managerial ownership have a negative influence on earnings management. Keywords : Earnings Management, Tax Avoidance, Corporate Governance.

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