In this study, we examine environmental, social and governance (ESG) performance of clean technology companies and their relationship to firm value. Clean technologies are those that have a reduced environmental impact, i.e., have reduced environmental emissions or natural resource use, when compared with conventional technologies in providing similar products or services. It includes a wide variety of technologies for renewable energy generation, energy efficiency and energy storage, sustainable water management, sustainable mobility, waste management, and improved resource efficiency (Gosens et al., 2015). Currently, there are 64261 1 clean technology companies all over the world. Of these, 30051 1 companies are publicly listed and are actively trading. It
{"title":"Environmental, social and governance performance and firm value of publicly listed clean technology companies","authors":"Sunita S. Rao, Norma Juma, R. Hull","doi":"10.22495/nosrcgp8","DOIUrl":"https://doi.org/10.22495/nosrcgp8","url":null,"abstract":"In this study, we examine environmental, social and governance (ESG) performance of clean technology companies and their relationship to firm value. Clean technologies are those that have a reduced environmental impact, i.e., have reduced environmental emissions or natural resource use, when compared with conventional technologies in providing similar products or services. It includes a wide variety of technologies for renewable energy generation, energy efficiency and energy storage, sustainable water management, sustainable mobility, waste management, and improved resource efficiency (Gosens et al., 2015). Currently, there are 64261 1 clean technology companies all over the world. Of these, 30051 1 companies are publicly listed and are actively trading. It","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115024129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Family firms represent a significant segment of the global economy, and their unique governance challenges have garnered increasing attention. This study provides a comprehensive examination of corporate governance in family firms, aiming to shed light on the dynamics, mechanisms, and success factors that shape effective governance practices. Through a literature review, key findings emerge regarding the influence of family dynamics on governance, the importance of balancing family and business interests, and the role of specific governance mechanisms such as boards and family councils. The study highlights the criticality of effective communication, transparency, and professionalization in family firm governance, along with the separation of ownership and management. Moreover, the implications of succession planning and leadership development, as well as the integration of family values and culture, are explored. Practical implications for family firms are discussed, emphasizing the need for strategic decision-making, accountability, and long-term sustainability. Furthermore, potential future research directions are suggested, including investigating communication strategies, examining the impact of different governance structures, and exploring the role of technology in family firm governance. This study contributes to the understanding of corporate governance in family firms and provides a foundation for guiding family firms toward effective governance practices and long-term success.
{"title":"Understanding governance dynamics and success factors in family-owned businesses: A focus on corporate governance in family firms","authors":"B. Trebicka","doi":"10.22495/nosrcgp19","DOIUrl":"https://doi.org/10.22495/nosrcgp19","url":null,"abstract":"Family firms represent a significant segment of the global economy, and their unique governance challenges have garnered increasing attention. This study provides a comprehensive examination of corporate governance in family firms, aiming to shed light on the dynamics, mechanisms, and success factors that shape effective governance practices. Through a literature review, key findings emerge regarding the influence of family dynamics on governance, the importance of balancing family and business interests, and the role of specific governance mechanisms such as boards and family councils. The study highlights the criticality of effective communication, transparency, and professionalization in family firm governance, along with the separation of ownership and management. Moreover, the implications of succession planning and leadership development, as well as the integration of family values and culture, are explored. Practical implications for family firms are discussed, emphasizing the need for strategic decision-making, accountability, and long-term sustainability. Furthermore, potential future research directions are suggested, including investigating communication strategies, examining the impact of different governance structures, and exploring the role of technology in family firm governance. This study contributes to the understanding of corporate governance in family firms and provides a foundation for guiding family firms toward effective governance practices and long-term success.","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"133 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122550406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The first twenty-five years of SA8000: A literature review","authors":"Teresa Turzo, Alessandro Montrone, Cecilia Chirieleison","doi":"10.22495/nosrcgp18","DOIUrl":"https://doi.org/10.22495/nosrcgp18","url":null,"abstract":".","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121403849","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this study is to investigate the role of institutional investors in promoting sustainability in family firms, measured in terms of corporate sustainability performance (CSP) and sustainability disclosure. Due to societal pressure, firms have started to engage more in pursuing sustainable practices and embracing sustainability tenets, and from a governance perspective, they have begun to make changes and adapt their governance structures. The demand for sustainable corporate governance and CSR-oriented initiatives is particularly relevant for family firms, considered to be more long-term oriented. This study contributes to the ongoing debate about the antecedents of corporate sustainability outcomes, shedding some light on the role of institutional investors’ ownership by analyzing as a sample all the Italian non-financial family firms listed on the Italian Milan Stock Exchange between 2011 and 2021. Understanding how the presence of institutional investors contributes to fostering sustainability in family businesses can be beneficial to both the firms and the society.
{"title":"Do institutional investors promote sustainability in family business? Evidence from Italian listed firms","authors":"Francesca Romana Arduino","doi":"10.22495/nosrcgp13","DOIUrl":"https://doi.org/10.22495/nosrcgp13","url":null,"abstract":"The aim of this study is to investigate the role of institutional investors in promoting sustainability in family firms, measured in terms of corporate sustainability performance (CSP) and sustainability disclosure. Due to societal pressure, firms have started to engage more in pursuing sustainable practices and embracing sustainability tenets, and from a governance perspective, they have begun to make changes and adapt their governance structures. The demand for sustainable corporate governance and CSR-oriented initiatives is particularly relevant for family firms, considered to be more long-term oriented. This study contributes to the ongoing debate about the antecedents of corporate sustainability outcomes, shedding some light on the role of institutional investors’ ownership by analyzing as a sample all the Italian non-financial family firms listed on the Italian Milan Stock Exchange between 2011 and 2021. Understanding how the presence of institutional investors contributes to fostering sustainability in family businesses can be beneficial to both the firms and the society.","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126245692","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to investigate the impact of corporate governance on institutional ownership in a small European capital market, which is characterized by family ownership, underrepresentation of women on the boards and weak corporate governance structures.
{"title":"Institutional investors and corporate governance: A study of listed companies in Greece","authors":"Stergios Tasios","doi":"10.22495/nosrcgp15","DOIUrl":"https://doi.org/10.22495/nosrcgp15","url":null,"abstract":"This study aims to investigate the impact of corporate governance on institutional ownership in a small European capital market, which is characterized by family ownership, underrepresentation of women on the boards and weak corporate governance structures.","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134164636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the context of information technology governance (ITG), this study delves into the connection between political, rational and technological approaches in the decision-making process (DMP) and their influence on enterprise governance. The primary objective is to explore the interdependence of these approaches and assess their impact. The study employs a literature review that analyzes the relationship among rationality, politics, and technology, including artificial intelligence (AI), machine learning, and business intelligence. The research addresses the question of how these various techniques can be integrated into the decision-making process. It also provides a theoretical framework for implementing each of these models. The authors propose that situations involving AI, rationality, or politics are the basis for the decision-making process. After proceeding with a literature review, a correlation between the actions of certain managers who used Big Data and machine learning in their decision-making process and rationality has been found. However, the research did not find any correlation between these commitments and political models. In conclusion, this study highlights the importance of understanding the interplay between rational and political approaches in the decision-making process within ITG.
{"title":"The interaction between rationality, politics and artificial intelligence in the decision-making process in information technology governance","authors":"Raef Gouiaa, Anna Bazarna","doi":"10.22495/nosrcgp16","DOIUrl":"https://doi.org/10.22495/nosrcgp16","url":null,"abstract":"In the context of information technology governance (ITG), this study delves into the connection between political, rational and technological approaches in the decision-making process (DMP) and their influence on enterprise governance. The primary objective is to explore the interdependence of these approaches and assess their impact. The study employs a literature review that analyzes the relationship among rationality, politics, and technology, including artificial intelligence (AI), machine learning, and business intelligence. The research addresses the question of how these various techniques can be integrated into the decision-making process. It also provides a theoretical framework for implementing each of these models. The authors propose that situations involving AI, rationality, or politics are the basis for the decision-making process. After proceeding with a literature review, a correlation between the actions of certain managers who used Big Data and machine learning in their decision-making process and rationality has been found. However, the research did not find any correlation between these commitments and political models. In conclusion, this study highlights the importance of understanding the interplay between rational and political approaches in the decision-making process within ITG.","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133044967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public procurements represent a significant percentage of gross domestic product (GDP) in Organisation for Economic Co-operation and Development (OECD) countries and are critical to the delivery of services like infrastructure, health and education. Public procurement is a strategic instrument and lever for achieving government policy goals such as stimulating innovation, promoting green public procurement and the circular economy, supporting access to public procurement contracts for small and medium-sized enterprises (SMEs), or promoting responsible business conduct (RBC) in global supply chains. This makes public procurement a strategic tool for achieving policy objectives (OECD, 2020). On the other hand, public procurement can provide opportunities for corruption. When seeking lucrative public contracts, companies look for any opportunity they can take advantage of that will improve their ability to secure a successful bid. Unscrupulous government officials can use their influential positions to attain favors and gifts from businesses pursuing public procurement tenders. Civil society ultimately bears the cost of public procurement irregularities. Collusion and corruption affect the quality of services
{"title":"The audit of public procurements: Evidence from Greece","authors":"Georgia N. Kontogeorga, Dimitrios N. Angelaras","doi":"10.22495/nosrcgp3","DOIUrl":"https://doi.org/10.22495/nosrcgp3","url":null,"abstract":"Public procurements represent a significant percentage of gross domestic product (GDP) in Organisation for Economic Co-operation and Development (OECD) countries and are critical to the delivery of services like infrastructure, health and education. Public procurement is a strategic instrument and lever for achieving government policy goals such as stimulating innovation, promoting green public procurement and the circular economy, supporting access to public procurement contracts for small and medium-sized enterprises (SMEs), or promoting responsible business conduct (RBC) in global supply chains. This makes public procurement a strategic tool for achieving policy objectives (OECD, 2020). On the other hand, public procurement can provide opportunities for corruption. When seeking lucrative public contracts, companies look for any opportunity they can take advantage of that will improve their ability to secure a successful bid. Unscrupulous government officials can use their influential positions to attain favors and gifts from businesses pursuing public procurement tenders. Civil society ultimately bears the cost of public procurement irregularities. Collusion and corruption affect the quality of services","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128257735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Arnrún Saeby Thorarinsdottir, Throstur Olaf Sigurjonsson, Audur Arna Arnardottir
Boards of directors play an important role when it comes to decision-making within companies, but board members as a team are ultimately responsible for their activities. There are three main roles of boards: monitoring, consulting, and strategic planning (He et al., 2020; Levrau & Van den Berghe, 2007; Zahra & Pearce, 1989). The role of boards has been debated in research, e.g., what tasks boards should perform. In addition, scholars have approached the role of boards from different theoretical perspectives and defined the role of boards in a broad, even in some cases contradictory way (Åberg et al., 2019; Jansen, 2021; Levrau & Van den Berghe, 2007; Nicholson & Kiel, 2004a; Zahra & Pearce, 1989). Furthermore, it is unclear how boards work; how they go about fulfilling their roles and the various tasks that come with it (Leblanc & Schwartz, 2007; Jansen, 2021). Since the year
当涉及到公司内部的决策时，董事会扮演着重要的角色，但董事会成员作为一个团队，最终要对他们的活动负责。董事会有三个主要角色:监督、咨询和战略规划(He et al.， 2020;Levrau & Van den Berghe, 2007;Zahra & Pearce, 1989)。董事会的作用在研究中一直存在争议，例如，董事会应该执行哪些任务。此外，学者们从不同的理论角度探讨董事会的作用，并以广泛的，甚至在某些情况下相互矛盾的方式定义董事会的作用(Åberg et al.， 2019;詹森,2021;Levrau & Van den Berghe, 2007;Nicholson & Kiel, 2004a;Zahra & Pearce, 1989)。此外，不清楚董事会是如何运作的;他们如何履行自己的角色以及随之而来的各种任务(勒布朗和施瓦茨，2007;詹森,2021)。从今年开始
{"title":"Self assessments of corporate boards: Short overview of the literature","authors":"Arnrún Saeby Thorarinsdottir, Throstur Olaf Sigurjonsson, Audur Arna Arnardottir","doi":"10.22495/nosrcgp2","DOIUrl":"https://doi.org/10.22495/nosrcgp2","url":null,"abstract":"Boards of directors play an important role when it comes to decision-making within companies, but board members as a team are ultimately responsible for their activities. There are three main roles of boards: monitoring, consulting, and strategic planning (He et al., 2020; Levrau & Van den Berghe, 2007; Zahra & Pearce, 1989). The role of boards has been debated in research, e.g., what tasks boards should perform. In addition, scholars have approached the role of boards from different theoretical perspectives and defined the role of boards in a broad, even in some cases contradictory way (Åberg et al., 2019; Jansen, 2021; Levrau & Van den Berghe, 2007; Nicholson & Kiel, 2004a; Zahra & Pearce, 1989). Furthermore, it is unclear how boards work; how they go about fulfilling their roles and the various tasks that come with it (Leblanc & Schwartz, 2007; Jansen, 2021). Since the year","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121482168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Scholars are aware that the term “corporate governance” still lacks a clear and shared definition, despite being in use for over fifty years (Zattoni, 2020). In fact, various scholars have offered different definitions, considering both the range and diversity of stakeholders involved in governance and management, as well as the extensiveness and variety of corporate bodies responsible for the functioning of corporate governance (Zattoni, 2020; Mantovani et al., 2022).
学者们意识到，尽管“公司治理”一词已经使用了50多年，但仍然缺乏明确和共同的定义(Zattoni, 2020)。事实上，考虑到参与治理和管理的利益相关者的范围和多样性，以及负责公司治理运作的公司主体的广泛性和多样性，不同的学者给出了不同的定义(Zattoni, 2020;Mantovani et al.， 2022)。
{"title":"Rethinking corporate governance: Embracing challenges and seizing opportunities","authors":"M. Tutino, Valentina Santolamazza, A. Kostyuk","doi":"10.22495/nosrcged","DOIUrl":"https://doi.org/10.22495/nosrcged","url":null,"abstract":"Scholars are aware that the term “corporate governance” still lacks a clear and shared definition, despite being in use for over fifty years (Zattoni, 2020). In fact, various scholars have offered different definitions, considering both the range and diversity of stakeholders involved in governance and management, as well as the extensiveness and variety of corporate bodies responsible for the functioning of corporate governance (Zattoni, 2020; Mantovani et al., 2022).","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117198405","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The underrepresentation of women on corporate boards worldwide has prompted researchers to examine the benefits associated with gender diversity and its potential impact on board effectiveness. The results consistently demonstrate that companies with more women in leadership positions tend to experience enhanced financial performance, and better decision-making processes, and improved corporate governance. Additionally, gender-diverse boards bring a variety of perspectives, skills, and experiences, leading to more robust discussions and increased innovation.
{"title":"Bridging the gender gap in Morocco’s corporate boardrooms","authors":"Khadija Al Arkoubi, Fadoua Tahari","doi":"10.22495/nosrcgp1","DOIUrl":"https://doi.org/10.22495/nosrcgp1","url":null,"abstract":"The underrepresentation of women on corporate boards worldwide has prompted researchers to examine the benefits associated with gender diversity and its potential impact on board effectiveness. The results consistently demonstrate that companies with more women in leadership positions tend to experience enhanced financial performance, and better decision-making processes, and improved corporate governance. Additionally, gender-diverse boards bring a variety of perspectives, skills, and experiences, leading to more robust discussions and increased innovation.","PeriodicalId":122992,"journal":{"name":"New outlooks for the scholarly research in corporate governance","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134128992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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