417 article(s) in Journal of Governance and Regulation

Evaluating The Quality Of Services Provided By The Financial Controller In Governmental Organizations: Using The SERVPERF Model

since governmental units are inefficient when it comes to public spending (sutherland & price, 2007), this research aims to measure the quality of the level of services provided by the financial controller (fc) in saudi governmental units. the servperf model was employed to measure the quality of the level of services of fcs, in terms of what beneficiaries’ desire and what already obtained. the study sample represents the beneficiaries of the services of fcs, specifically the accountants in the various government units. a t-test was used for paired samples in order to determine whether a fundamental difference exists between the level of service the recipient desires, according to the model dimensions, and what is actually being obtained. the results showed significant differences in the levels of assurance, sympathy, and tangibility, suggesting that recipients receive a lower level of services than what they desire. on the other side, the results showed no significant differences in the levels of reliability and responsiveness. these results reflect the nature of the traditional role of an fc, which is to ensure compliance with governmental regulations rather than the advisory role (wilson, 2005). in light of the recent suggestions about financial control in government units (rayp & van de sijpe, 2007), this study recommends that the advisory role of fcs should be enhanced Show More ... ... Show Less

  • Advisory Role
  • The Other
  • Quality Of Services
Economic And Sociological Determinants Of Well-Being In Italy: A Regional Perspective

this paper aims to analyze the determinants of well-being by considering economic and sociological perspectives. these perspectives emphasize the relationship between well-being and “consumption of time”, a concept that relates to the “hyper identity” status. data are collected starting from a dataset realized by istat (italian national institute of statistics) for the period 2005-2016 and considering a sample of 130 indicators (12 relevant domains) collected by italian regions, updated annually in the so-called bes (benessere equo e sostenibile) 2017 report. taking into account the socio-economic literature collected on the topic, we have structured five econometric models using a stepwise regression methodology. all models have been structured taking into account life satisfaction as the dependent variable and other explanatory variables. the study contributes to the existing literature on the theme of individual well-being and its main determinants, also highlighting possible practical implications in terms of corporate governance and human resource management. results reveal a positive impact associated with family relationships, mobility satisfaction, and job satisfaction while showing a negative relationship regarding proxies related to the subjective perception of insecurity and uncertainty (deep material deprivation, and home theft Show More ... ... Show Less

  • Well Being
  • Life Satisfaction
  • Italian Regions
  • Practical Implications
  • Italian National Institute
Monitoring AI Progress For Corporate Governance

artificial intelligence technologies are predicted to contribute up to $16 trillion to the global economy by 2030. this rapid increase in ai development will have tremendous significance for all the major players for effective corporate governance and national leadership: boards of directors, owners, regulators, legislators, and the national public interest. while ai is believed to increase both the productivity and competitive advantage, it will lead to rapid transformation in the work force and evolve with a high degree of uncertainty. to facilitate the survival of public and other corporations and entities, all these major players should closely monitor the progress and pay attention to major trends in ai. the main research question of this paper is what are the key threats, challenges, and opportunities of ai. major threats are the replacement of human activity with ai activity, which may not be able to be controlled by humans. such control is a major challenge concerning ai as is the control and opportunity of human-ai partnerships. digital dashboards and quantum computers are also part of all these challenges and opportunities. accordingly, the paper studies the following ai topics currently being explored in the ai literature: key questions and issues for ai, monitoring trends in ai development, digital board audits for ai action plans, ai robotic process automation, and quantum computers with ai implications, ai progress assessment and conclusions Show More ... ... Show Less

  • Corporate Governance
  • Quantum Computers
  • Challenges And Opportunities
  • Key Questions
  • Rapid Transformation
Consequences Of Cultural Practices On Advertising: Rethinking The Role Of Individual’S Values Versus Social Norms For Cross-Cultural Research

the study has contributed to the current debate on the significance of cultural referenced practices over self-reported values in the identification of culture (e.g., fischer & schwartz, 2011; kirkman, lowe, & gibson, 2017). the study has examined whether there is a difference in the self-reported values versus cultural-referenced practices concerning masculinity and power distance. also, which facet of masculinity and power distance, i.e., self-referenced and/or cultural referenced ratings predict the manifestation of such values in the advertising. the study has used a survey method and ask 200 respondents to report masculinity and power distance in their individual behavioural preference, in their social context and the manifestation of masculinity and power distance in advertising. the results show that self-reported and cultural-referenced rating of masculinity and power distance differ significantly. moreover, the regression analysis shows that the culture-referenced masculinity and power distance predicts the reflection of respective values in advertising, but no such effect of self-reported values are found. obtained results strengthen the argument that self-reported values did not identify the culture, instead, the normative values did identify the culture. future international business and cross-cultural corporate governance research should consider the cultural practices of masculinity and power in their cross-cultural investigation Show More ... ... Show Less

  • Power Distance
  • Cultural Practices
  • Cross Cultural Research
Mediating Role Of Employee Green Behaviour Towards Sustainability Performance Of Banks

nowadays, due to the huge deterioration of the environment, not only human beings but also the day-to-day business environment suffers adversely. hence, the “go green” behaviour becomes a globally accepted direction of every individual and business. “go green” is an earth-friendly living approach and banks play a decisive role in safeguarding the environment to make our livelihood better. as there is an emerging trend to update traditional banking system with green banking strategies in the modern banking system, bank employees are directed to play a vital behavioural role (norton, parker, zacher, & ashkanasy, 2015) to keep better banking practices, more environmentally friendly, to have bank sustainability performance. therefore, this study critically examines the relationships between green banking practices (gbp), employee green behaviour (egb), and sustainability performance of banks (spb) in the sri lankan context. this study specifically examines the mediating role of egb in the relationship between gbp and spb. the results confirm the partial mediation role of egb in the relationship between gbp to spb. moreover, both direct and indirect effects of mediation analysis reveal the same direction, significantly. this study becomes vital for understanding the mediating role of egb, empirically between gbp and spb Show More ... ... Show Less

  • Sustainability Performance
  • Mediating Role
  • Banking System
  • The Relationship
Company Incorporation Regimes In The UK, The US And Australia – In Search Of The Golden Mean

the purpose of the law on incorporation has been heavily contested by academics. on one side of the debate are scholars who argue that company law should have an “enabling” role, in that it should empower business owners to arrange their affairs in a manner that best suits their purposes at the same time as minimising any interference from the state. on the other side of the debate are those who argue that company law should impose on the world of commerce strong regulatory measures to prevent such abuses. this conflict between the “enabling” and the “regulatory” role of company incorporation law is visible in many jurisdictions, with each of them achieving a different balance between the two approaches. many scholarly studies have elaborated on how companies are incorporated and regulated. some of them have been used in the current paper such as studies carried out by bayern et al. (2017) and reyes (2018). however, this paper examines the extent to which the incorporation regimes in the uk, the us, and australia can be said to be “enabling” or “regulatory” in nature, through a detailed analysis of the law on company incorporation, ownership structure and the protection provided to the relevant stakeholders through the principles of separate legal personality Show More ... ... Show Less

  • Company Law
  • The Us
  • The Law
  • The Uk
  • Regulatory Measures
Corporate Governance And The Environment In The Health Sector: Systematic Literature Review

this study aims to explore the different forms of corporate governance in the health sector, how they interact, and analyze the emerging research trend through a systematic literature review (slr) in the period 2015-2019. the scopus and isi web of science databases were used to select the 167 articles analyzed. the coverage of corporate governance research was centred on adapting the prisma analysis, highlighting the environment which corporate governance belongs to and analysis of the co-occurrence of the keywords used in the studies. through grounded theory, a conceptual model was developed, emphasizing the main attributes that influence governance at the macro-, meso- and micro-levels, in the health area, and raising a future agenda for future research in this area: (1) quality of health care, (2) corporate social responsibility in health, (3) health risk management and (4) global health governance. the results of this research aim to guide governments towards emerging regulatory trends, warning about the risks of the impact of corporate governance on health, or the lack of it, on the quality of services. analysis of the quality of health care is intrinsically related to the environment, although this aspect has received little attention from researchers Show More ... ... Show Less

  • Corporate Governance
  • Health Care
  • Systematic Literature Review
Corporate Governance In Islamic Financial Institutions

the most recent and severe financial crisis followed by the failure of the most important financial players in the world economy has raised doubts about the way the government system works. this has been crucial to understanding the significance of good corporate governance practices, able to sustain the current blockage in the most vital financial negotiations. therefore, interest in corporate governance has grown and attracted considerable attention in both developed and less-developed countries (mallin, 2004; solomon & solomon, 2004; sternberg, 2004). hence, the study is based on a theoretical approach, and confronts the traditional and islamic corporate governance, analyzing the essential differences that have highlighted the necessity of finding an alternative model to the traditional one. comparing the two models of corporate governance, in their authentic form, it easily gives rise to discrepancies. the most important divergence between the two models derived from the fact that in the islamic model the corporate governance practice is based on the religious principles and god and islam are the main participants in it. this is in contrast to the conventional philosophy that focuses on the material aspects and the main objective is to create and increase shareholders’ value throughout the time Show More ... ... Show Less

  • Corporate Governance
  • Financial Crisis
  • Theoretical Approach
  • The World
  • Governance Practice
The Role Of Derivative Instruments On Risk Relevance From Emerging Market Non-Financial Companies

this study aims to investigate the effect of net income volatility, other comprehensive income volatility, and comprehensive income volatility on idiosyncratic volatility. also, this study includes derivative transactions as moderation variable in testing the equation model. the hypothesis test employed multiple linear regression. the sample in this study is all non-financial companies listed on the indonesia stock exchange from 2012 to 2017. data used in this study are panel data sourced from www.idx.co.id and www.finance.yahoo.com. the sample selection in this study used a purposive sampling method with a total sample of 246 observations. the results of this study indicate that comprehensive income volatility, net income volatility, and other comprehensive income volatility are not associated with idiosyncratic volatility. based on the test results suggest that the interaction between derivative transactions and comprehensive income volatility, net income volatility, as well as other comprehensive income volatility, have a positive effect on idiosyncratic volatility Show More ... ... Show Less

  • Income Volatility
  • Idiosyncratic Volatility
  • Net Income
  • Other Comprehensive Income
A Meta-Analysis Of Corporate Governance And Firm Performance

this research provides a systematic picture on the topic of “how corporate governance influences on firm performance?” through the application of meta-analysis on over 251 studies covering 24,867 businesses of 37 distinguished published papers. using meta-analysis, by proceeding homa procedure, it is statistically evidenced that better corporate governance index and more board independence significantly enhance firm performance. by contrast, business’ financial value would be harmed as raise management shares proportion. not only providing a general relationship direction, the paper also contributes an insight of potential sources of heterogeneity among collected samples as endogeneity problems; and selection of financial performance base. moreover, significant changes through the sampling period are investigated in the connection of business’ worth and board size, board independence (declining trend); state ownership and institutional ownership (rising tendency Show More ... ... Show Less

  • Corporate Governance
  • Firm Performance
  • Meta Analysis
  • Board Independence
New Risks Related To Emerging Technologies And Reputation For Corporate Governance

artificial intelligence (ai) has moved from theory into the global marketplace. the united nations world intellectual property organization released the first report of its technology trends series on january 31, 2019. it considered more than 340,000 ai-related patent applications over the last 70 years. 50 percent of all ai patents have been published in just the last five years. the challenges, potential risks, and opportunities for business and corporate governance from emerging technologies, especially artificial intelligence, have been summarized as whereby machines and software can analyze, optimize, prophesize, customize, digitize and automate just about any job in every industry. boards of directors and executives need to recognize and understand the new risks associated with these emerging technologies and related reputational risks. the major research question of this paper is how boards of directors and executives can deal with both risk challenges and opportunities to strengthen corporate governance. accordingly, the following sections of this paper discuss key risk management issues: deep shift risks, global risks, digital risks and opportunities, ai initiatives risks, business risks from millennials, business reputational risks, and conclusions Show More ... ... Show Less

  • Corporate Governance
  • Emerging Technologies
  • Artificial Intelligence
  • Boards Of Directors
  • Management Issues
A Global Comparison Of Corporate Value Adjustments To News Of Cyber-Attacks

the growing threat of cyber breach has become one of the most feared risks corporations around the world are currently dealing with. this paper uses a methodology similar to hogan, olson, and angelina (2020) to analyze global shareholder value effects of cyber breaches from 1990 to 2019 for five major non-us countries. cumulative average returns (cars) are calculated using the first notice date to periods of up to 90 days post-announcement to compare short-term and long-term effects of cyber breaches on the stock price. results for this data set show significant negative returns for us corporations in all windows. unlike its us counterparts, short-term results for non-us countries show no significant changes to price as a result of cyber breach announcements. long-term results for the aggregate non-us sample show significance only at the (0,30) window. individual country long-term analysis shows some significance depending on the event windows, but no common patterns are seen among countries. these results point to differences in how news of a cyber breach, by country, is perceived in the market. the results help explain some of the patterns insurance companies have seen in the reticent buying habits of global companies with respect to cyber insurance Show More ... ... Show Less

  • Long Term
  • Short Term
  • Global Comparison
  • The World
  • Term Analysis
Editorial: Challenges And Opportunities In Corporate Governance And Regulation For A New Decade

the first issue of 2020 is composed by five papers addressing interesting topics attempting to highlight the corporate governance ability needed to face the rapid increase of using artificial intelligence (ai) in some business; the influence of corporate governance on asian firm performance; the joint effect of fiscal rule and corporate governance on explaining the procyclicality of fiscal policy on asia-pacific development and emerging countries; and whether the increase in institutional investors has encouraged investee companies to establish better corporate governance structure Show More ... ... Show Less

  • Corporate Governance
  • Artificial Intelligence
  • Firm Performance
  • Fiscal Policy
  • Fiscal Rule
Book Review: “Innovation In Financial Restructuring: Focus On Signals, Process And Tools

this review covers the book titled “innovation in financial restructuring: focus on signals, processes and tools”, which was written by marco tutino and valerio ranciaro (virtus interpress, 2020; isbn: 978-6-177309-10-8). the review shortly outlines the fundamental questions researched in the book, pays attention to its strong sides and issues that will be, by the reviewer’s point of view, most interesting for the reader and focuses on the contribution of this book to the ongoing discussion on key questions relating to financial practices in restructuring processes Show More ... ... Show Less

  • Financial Restructuring
  • Book Review
  • Point Of View
  • Key Questions
  • Financial Practices
Can The World’S Largest Pension Fund, Japan’S GPIF, Be A Responsible Steward? Stewardship Responsibility As Asset Owner

the number of institutional investors has seen a marked increase in the past few decades. for the purpose of the long-term economic success of portfolio companies, it is crucial to encourage investee companies to establish better corporate governance structure within them. the u.k. and japan introduced the stewardship code, and the government pension investment fund (gpif) of japan defines itself to fulfill its roles and responsibilities as an asset owner in line with japan’s stewardship code. however, passive funds that have occupied a large share of the market have no financial incentive to incur the costs for engagement with investee companies. the purpose of this article is to review the two stewardship codes, the stewardship structure, policies of the gpif that has accepted japan’s stewardship code, and to explore how the gpif fulfills its stewardship responsibility, based on the japan’s code, requires its external asset managers to comply with its stewardship principles and continuously monitors the stewardship activities of asset managers. the findings are that continually improving stewardship and engagement by utilizing the pdca cycle, the gpif can be a responsible steward in the japanese market Show More ... ... Show Less

  • Asset Managers
  • Corporate Governance
  • Long Term
  • Pension Fund
  • Pdca Cycle
The Impact Of National Fiscal Rules And Government Effectiveness On The Procyclicality Of Fiscal Policy In The Asia-Pacific Countries

fiscal rules are institutional approaches aimed at maintaining fiscal credibility and fiscal discipline and usually set a numerical indicator. currently, there are two sources of fiscal rules. one is the international monetary fund (imf) dataset that provides country-specific details on various characteristics of rules for 96 countries and the other is european commission – numerical fiscal rules index that provides the fiscal rule index for 28 member countries. because of the lack of fiscal rule index for the asia-pacific countries, the purpose of this study is to construct the fiscal rule index for 8 asia-pacific countries from 1996 to 2015 by using the imf dataset. then, this study utilizes the panel generalized method of moments and the constructed fiscal rule index to investigate the impact of fiscal rules and government effectiveness on the procyclicality of fiscal policy in 8 asia-pacific countries, classified as “advanced economies” and “emerging economies”. the empirical results show that fiscal rules and government effectiveness are effective in reducing the procyclicality of government expenditure only in advanced economies. additionally, the interaction of fiscal rules and government effectiveness has a negative impact on the procyclicality of government expenditure for both advanced economies and emerging economies but the effect is not significant in emerging economies Show More ... ... Show Less

  • Fiscal Rules
  • Asia Pacific
  • Government Effectiveness
  • Emerging Economies