This study examines the trend of corporate social responsibility (CSR) disclosures and the role of corporate governance attributes in the CSR disclosures of Shari’ah compliant companies (ShCCs) in Malaysia for the years 2006 and 2009, a period which corresponds before and after a plethora of significant changes in Malaysia, encompassing the recent financial crisis and policy changes in the form of corporate governance restructuring. Using a CSR disclosure checklist, the extent and quality of CSR discourses of a sample of 76 ShCCs was examined. The results indicate that the extent and quality of CSR disclosures by the ShCCs is in overall low. However, there was a significant increasing trend in both the extent and quality of the CSR disclosures by the ShCCs over time. results of this study offer a number of practical implications. First, whilst the findings reveal a significant increasing trend of CSR information subsequent to the policy changes and the recent financial crisis, the CSR information was however not systematically provided, with most of the disclosures being stated in a narrative form. Hence, the policy makers in Malaysia may want to re-enforce the mandatory requirement of CSR information and provide a detailed CSR framework for the companies to follow such as "what" and "how" the CSR information should be disclosed. Second, the role of corporate governance attributes in the social disclosures of the ShCCs did not improve following the revised code, perhaps due to the unfolding recent global financial turmoil which may have undermined the effectiveness of the corporate governance attributes. Finally, this study offers the first empirical study to have assessed the trend of CSR disclosures and the role of governance attributes in CSR disclosure practices by the ShCCs.
{"title":"The Trend of CSR Disclosures and the Role of Corporate Governance Attributes: The Case of Shari'ah Compliant Companies in Malaysia","authors":"A. Haji","doi":"10.22164/ISEA.V6I2.71","DOIUrl":"https://doi.org/10.22164/ISEA.V6I2.71","url":null,"abstract":"This study examines the trend of corporate social responsibility (CSR) disclosures and the role of corporate governance attributes in the CSR disclosures of Shari’ah compliant companies (ShCCs) in Malaysia for the years 2006 and 2009, a period which corresponds before and after a plethora of significant changes in Malaysia, encompassing the recent financial crisis and policy changes in the form of corporate governance restructuring. Using a CSR disclosure checklist, the extent and quality of CSR discourses of a sample of 76 ShCCs was examined. The results indicate that the extent and quality of CSR disclosures by the ShCCs is in overall low. However, there was a significant increasing trend in both the extent and quality of the CSR disclosures by the ShCCs over time. results of this study offer a number of practical implications. First, whilst the findings reveal a significant increasing trend of CSR information subsequent to the policy changes and the recent financial crisis, the CSR information was however not systematically provided, with most of the disclosures being stated in a narrative form. Hence, the policy makers in Malaysia may want to re-enforce the mandatory requirement of CSR information and provide a detailed CSR framework for the companies to follow such as \"what\" and \"how\" the CSR information should be disclosed. Second, the role of corporate governance attributes in the social disclosures of the ShCCs did not improve following the revised code, perhaps due to the unfolding recent global financial turmoil which may have undermined the effectiveness of the corporate governance attributes. Finally, this study offers the first empirical study to have assessed the trend of CSR disclosures and the role of governance attributes in CSR disclosure practices by the ShCCs.","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"221-247"},"PeriodicalIF":0.0,"publicationDate":"2012-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68169068","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 provides evidence of the value of third party certification of environmental management systems. We examine the relative importance of improving an environmental management system as a result of certification, versus being able to communicate the quality of that system credibly to outsiders through third party certification. We use survey data where one half of the respondents had indicated that they had an environmental management (EMS) in place before seeking ISO 14001 certification, while the other half of respondents did not. Our analyses comparing the two groups find that the group already having an EMS report similar motivations for ISO 14001 certification and perceive to have received similar levels of benefits as firms having no pre-certification EMS. We conclude that even for organizations that already have an EMS, the ability to communicate credibly the quality of that system is a compelling reason to obtain ISO certification.
{"title":"The Purpose of ISO 14001 Certification: Independent Assurance or Improved Environmental Management System?","authors":"Janet Morrill, Sylvie Berthelot","doi":"10.22164/ISEA.V6I2.68","DOIUrl":"https://doi.org/10.22164/ISEA.V6I2.68","url":null,"abstract":"This study provides evidence of the value of third party certification of environmental management systems. We examine the relative importance of improving an environmental management system as a result of certification, versus being able to communicate the quality of that system credibly to outsiders through third party certification. We use survey data where one half of the respondents had indicated that they had an environmental management (EMS) in place before seeking ISO 14001 certification, while the other half of respondents did not. Our analyses comparing the two groups find that the group already having an EMS report similar motivations for ISO 14001 certification and perceive to have received similar levels of benefits as firms having no pre-certification EMS. We conclude that even for organizations that already have an EMS, the ability to communicate credibly the quality of that system is a compelling reason to obtain ISO certification.","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"157-177"},"PeriodicalIF":0.0,"publicationDate":"2012-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168977","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 issue of Corporate Social Disclosure (CSD) has been growing remarkably both in business and academic world. Inevitably, this topic is also exposed in Southeast Asia, a big region that plays important role in global economic issue. Applying a content analysis method, this paper aims to provide preliminary findings in CSD practices throughout the companies‟ annual reports in 2007 and 2008 for countries located in Southeast Asia. Samples were selected for listed and unlisted various type of industries, based on the information availability internet searching. The sample collection and the subjectivity during the content analysis process are the limitations in conducting this study. In general, the results show that „human resources‟ are the main information disclosed, while in contrast, „energy‟ is the main least issue disclosed in the annual reports. However, the findings need to be interpreted with considerations since there are limited in samples. Basically, the outcomes support the major prior studies and enhancing the discussion of CSD conducting in developing countries, while at the same time describing some countries which obtained very limited in exposures. To respond the vast increasing issues of CSD practice, this preliminary study has provided a basis to see the role of every country in CSR reporting and how they could support the sustainability development globally.
{"title":"Corporate Social Disclosures in Southeast Asia: A Preliminary Study","authors":"J. Gunawan, R. Hermawan","doi":"10.22164/ISEA.V6I2.70","DOIUrl":"https://doi.org/10.22164/ISEA.V6I2.70","url":null,"abstract":"The issue of Corporate Social Disclosure (CSD) has been growing remarkably both in business and academic world. Inevitably, this topic is also exposed in Southeast Asia, a big region that plays important role in global economic issue. Applying a content analysis method, this paper aims to provide preliminary findings in CSD practices throughout the companies‟ annual reports in 2007 and 2008 for countries located in Southeast Asia. Samples were selected for listed and unlisted various type of industries, based on the information availability internet searching. The sample collection and the subjectivity during the content analysis process are the limitations in conducting this study. In general, the results show that „human resources‟ are the main information disclosed, while in contrast, „energy‟ is the main least issue disclosed in the annual reports. However, the findings need to be interpreted with considerations since there are limited in samples. Basically, the outcomes support the major prior studies and enhancing the discussion of CSD conducting in developing countries, while at the same time describing some countries which obtained very limited in exposures. To respond the vast increasing issues of CSD practice, this preliminary study has provided a basis to see the role of every country in CSR reporting and how they could support the sustainability development globally.","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"198-220"},"PeriodicalIF":0.0,"publicationDate":"2012-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68169056","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 paper develops a conceptual model of public sector corporate entrepreneurship for thestate government higher education institutions. The proposed model is intended to depict themain antecedents that relate to corporate entrepreneurship within the public sector highereducation institution and the impact of corporate entrepreneurship on public sector HEI’sperformance, as well as factors influencing its continuous performance. Keywords : Corporate Entrepreneurship, Public Sector Higher Education Institutions,Performance.
{"title":"Facilitating Corporate Entrepreneurship in Public Sector Higher Education Institutions: A Conceptual Model","authors":"J. Malik, Rosli Mahmood","doi":"10.22164/ISEA.V6I1.63","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.63","url":null,"abstract":"This paper develops a conceptual model of public sector corporate entrepreneurship for thestate government higher education institutions. The proposed model is intended to depict themain antecedents that relate to corporate entrepreneurship within the public sector highereducation institution and the impact of corporate entrepreneurship on public sector HEI’sperformance, as well as factors influencing its continuous performance. Keywords : Corporate Entrepreneurship, Public Sector Higher Education Institutions,Performance.","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"26-49"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168860","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}
A. Bufoni, A. C. D. S. Ferreira, Márcia da Silva Carvalho
The purpose of this paper is to analyse environmental investments made between 1996and 2008 by two hundred Brazilian firms. The study uses traditional techniques to establishthe representativeness and importance of the variables and the extent of correlationsbetween them. The results indicate a significant correlation between the amount ofenvironmental investments and variables such as age, level of education, professionaltraining of employees and profit-sharing policies. However, no significant correlationbetween environmental investments and profitability was found. The analysis revealed alinkage between decisions to invest in the environment and social investments outsidethe firm. Keywords: Environmental Investments, Social Audit, CSP, CSR
{"title":"Corporate Decision Making and Socio- Environmental Investments In Brazil: An Analysis Based On Social Audits","authors":"A. Bufoni, A. C. D. S. Ferreira, Márcia da Silva Carvalho","doi":"10.22164/ISEA.V6I1.66","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.66","url":null,"abstract":"The purpose of this paper is to analyse environmental investments made between 1996and 2008 by two hundred Brazilian firms. The study uses traditional techniques to establishthe representativeness and importance of the variables and the extent of correlationsbetween them. The results indicate a significant correlation between the amount ofenvironmental investments and variables such as age, level of education, professionaltraining of employees and profit-sharing policies. However, no significant correlationbetween environmental investments and profitability was found. The analysis revealed alinkage between decisions to invest in the environment and social investments outsidethe firm. Keywords: Environmental Investments, Social Audit, CSP, CSR","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"97-122"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168920","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}
Ririn Wulandari, B. Suharjo, A. Soehadi, H. Purnomo
International furniture markets certify ecolabel has been growing, but the domesticmarket has not yet developed. Unfortunate, because these products have two advantagesthat ensure environmental sustainability and promote a furniture market. This study wasexpected to open and developed the domestic market for ecolabel-certified furniture. Theaim of this study was to develop marketing strategies for ecolabel-certified furniture oneach of green consumer stratifications. Consumer stratification was conducted to group awider market. This grouping was meant to make the marketing strategies drawn up canbe used appropriately. The formulation of the marketing strategies for ecolabel-certifiedfurniture was done through an analysis of consumer preferences over the strategies inquestion. The components used were: satisfaction, safety, socialization, andsustainability, as well as government policies which could open markets. Therespondents were 408 potential consumers in Jakarta and its surroundings. The methodused was purposive and convenience sampling, in which the survey was conducted atexhibitions and showrooms. Ward Method, Stepwise Discriminant Analysis and BiplotAnalysis were used to generate consumer stratifications. Before that, reliability testswere conducted using Crombach Alpha method. In addition, data was explored andreduced using Component Principle Analysis. Preference analysis was performed usingthe method proposed by Thurston Case V. This study results four stratifications of greenconsumers. There were similarities and differences in preference on each of thestratification of the component of green marketing strategy as well as the marketingstrategies of furniture-certified ecolabel for the targeted consumers. Keywords: Green Consumer Segmentation, Green Marketing Strategies, Furniture,Jakarta, Indonesia
国际家具市场生态标签认证不断发展壮大，但国内市场尚未发展起来。不幸的是，因为这些产品有两个优势，确保环境的可持续性和促进家具市场。本研究旨在开拓及发展环保家具的国内市场。本研究的目的是针对绿色消费者的不同层次，制定生态标签认证家具的营销策略。对消费者进行分层，以划分更广泛的市场。这样分组是为了使所制定的营销策略能够得到恰当的运用。生态标签认证家具的营销策略的制定是通过分析消费者对相关策略的偏好来完成的。这些要素包括:满意度、安全性、社会化、可持续性以及政府开放市场的政策。调查对象是雅加达及其周边地区的408名潜在消费者。采用目的性和便利性抽样的方法，在展览和陈列室进行调查。采用Ward方法、逐步判别分析和双标图分析来产生消费者分层。在此之前，采用Crombach Alpha法进行信度检验。此外，使用成分原理分析对数据进行了探索和简化。使用Thurston Case v提出的方法进行偏好分析。该研究得出了绿色消费者的四个分层。在绿色营销策略的各个组成部分的分层以及目标消费者的家具认证生态标签营销策略上，存在着偏好的异同。关键词:绿色消费者细分，绿色营销策略，家具，雅加达，印度尼西亚
{"title":"Characteristic and Preferences of Green Consumer Stratification As Bases to Formulating Marketing Strategies of Ecolabel-Certified Furniture","authors":"Ririn Wulandari, B. Suharjo, A. Soehadi, H. Purnomo","doi":"10.22164/ISEA.V6I1.67","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.67","url":null,"abstract":"International furniture markets certify ecolabel has been growing, but the domesticmarket has not yet developed. Unfortunate, because these products have two advantagesthat ensure environmental sustainability and promote a furniture market. This study wasexpected to open and developed the domestic market for ecolabel-certified furniture. Theaim of this study was to develop marketing strategies for ecolabel-certified furniture oneach of green consumer stratifications. Consumer stratification was conducted to group awider market. This grouping was meant to make the marketing strategies drawn up canbe used appropriately. The formulation of the marketing strategies for ecolabel-certifiedfurniture was done through an analysis of consumer preferences over the strategies inquestion. The components used were: satisfaction, safety, socialization, andsustainability, as well as government policies which could open markets. Therespondents were 408 potential consumers in Jakarta and its surroundings. The methodused was purposive and convenience sampling, in which the survey was conducted atexhibitions and showrooms. Ward Method, Stepwise Discriminant Analysis and BiplotAnalysis were used to generate consumer stratifications. Before that, reliability testswere conducted using Crombach Alpha method. In addition, data was explored andreduced using Component Principle Analysis. Preference analysis was performed usingthe method proposed by Thurston Case V. This study results four stratifications of greenconsumers. There were similarities and differences in preference on each of thestratification of the component of green marketing strategy as well as the marketingstrategies of furniture-certified ecolabel for the targeted consumers. Keywords: Green Consumer Segmentation, Green Marketing Strategies, Furniture,Jakarta, Indonesia","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"123-141"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168936","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}
Businesses are engaging with climate change at various levels. Many have started integratingclimate change into their strategies with a view to addressing risks associated with globalwarming and climate change. With this in mind, this article focuses on how a scholarly frameworkcould be used to inform the measurement of business response to climate change inSouth Africa. Business response to climate change in South Africa has been evaluated mainlyusing voluntary benchmarks such as the Johannesburg Stock Exchange Socially ResponsibleIndex (JSE SRI) and the Carbon Disclosure Project (CDP). It is argued in this article that suchbenchmarks set the bare minimum requirements on climate change criteria. To assess businessthinking around the subject under discussion, a proposed scholarly framework was circulatedto key climate change experts within corporate South Africa and comments invited. The preliminaryresponses have shown that corporate South Africa is highly sensitive to detailed andscholarly reporting on business response to climate issues as part of corporate social responsibility.In addition, bodies responsible for the reporting frameworks expressed concern over theproliferation of reporting requirements in South Africa and globally. The same views were alsoexpressed by some key respondents from industry. Keywords: Climate change, Corporate responsibility, Scholarly framework, South Africa
{"title":"A proposed scholarly framework for measuring business responsibility to climate change in South Africa","authors":"G. Nhamo, R. Swart","doi":"10.22164/ISEA.V6I1.64","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.64","url":null,"abstract":"Businesses are engaging with climate change at various levels. Many have started integratingclimate change into their strategies with a view to addressing risks associated with globalwarming and climate change. With this in mind, this article focuses on how a scholarly frameworkcould be used to inform the measurement of business response to climate change inSouth Africa. Business response to climate change in South Africa has been evaluated mainlyusing voluntary benchmarks such as the Johannesburg Stock Exchange Socially ResponsibleIndex (JSE SRI) and the Carbon Disclosure Project (CDP). It is argued in this article that suchbenchmarks set the bare minimum requirements on climate change criteria. To assess businessthinking around the subject under discussion, a proposed scholarly framework was circulatedto key climate change experts within corporate South Africa and comments invited. The preliminaryresponses have shown that corporate South Africa is highly sensitive to detailed andscholarly reporting on business response to climate issues as part of corporate social responsibility.In addition, bodies responsible for the reporting frameworks expressed concern over theproliferation of reporting requirements in South Africa and globally. The same views were alsoexpressed by some key respondents from industry. Keywords: Climate change, Corporate responsibility, Scholarly framework, South Africa","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"50-71"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168871","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 research examines whether firms who issue these reports are really more sociallyresponsible or if they are merely trying to convince stakeholders that they are. We use theCSID index as an independent evaluation of firms’ level of CSR and find that firms that issuestandalone CSR reports every year do have significantly higher Total CSR, CSR Strengths andCSR Weaknesses than firms that never issue these reports. Additionally, we find that firms thatissue standalone CSR reports in some years have higher Total CSR and CSR Strengths scoresthan firms that never issue standalone CSR reports. Our results provide support for theexplanation that firms who issue standalone CSR reports do so as a signal of their superiorcommitment to social responsibility actions. We found minimal support for the argument thatfirms who issue standalone CSR reports are more profitable.Keywords: Corporate Social Responsibility, Sustainability Reports
{"title":"Standalone CSR Reports: A Canadian Analysis","authors":"Lois S. Mahoney","doi":"10.22164/ISEA.V6I1.62","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.62","url":null,"abstract":"This research examines whether firms who issue these reports are really more sociallyresponsible or if they are merely trying to convince stakeholders that they are. We use theCSID index as an independent evaluation of firms’ level of CSR and find that firms that issuestandalone CSR reports every year do have significantly higher Total CSR, CSR Strengths andCSR Weaknesses than firms that never issue these reports. Additionally, we find that firms thatissue standalone CSR reports in some years have higher Total CSR and CSR Strengths scoresthan firms that never issue standalone CSR reports. Our results provide support for theexplanation that firms who issue standalone CSR reports do so as a signal of their superiorcommitment to social responsibility actions. We found minimal support for the argument thatfirms who issue standalone CSR reports are more profitable.Keywords: Corporate Social Responsibility, Sustainability Reports","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"4-25"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168458","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}
When mismanagement and misuse run rampant in giant corporations, as in the case ofEnron in 2001, good corporate governance becomes mandatory. From the perspective ofthe agency theory, the separation of capital owners and management must lead tostrictly applied good corporate governance. The purpose is to eliminate anydisadvantages to the corporation's objective, namely providing added values to allrelevant parties. The agency theory also covers two aspects: agency issues and agencycosts. The research uses the qualitative approach and data is gathered through extensiveinterview, secondary data, and bibliography study. Key persons among the sources areselected based on specific criteria. Data validity is obtained through the triangulationtechnique, and the samples used are PT Lippo Karawaci Tbk and subsidiaries. Theresults show that governance practices are unique in each corporation, in accordancewith their characteristics. Keywords: agency theory, agency problem, agency cost, corporate governance,expropriation of minority shareholders
{"title":"Corporate Governance in PT Lippo Karawaci Tbk","authors":"R. Kusumastuti, Azhar Kasim","doi":"10.22164/ISEA.V6I1.65","DOIUrl":"https://doi.org/10.22164/ISEA.V6I1.65","url":null,"abstract":"When mismanagement and misuse run rampant in giant corporations, as in the case ofEnron in 2001, good corporate governance becomes mandatory. From the perspective ofthe agency theory, the separation of capital owners and management must lead tostrictly applied good corporate governance. The purpose is to eliminate anydisadvantages to the corporation's objective, namely providing added values to allrelevant parties. The agency theory also covers two aspects: agency issues and agencycosts. The research uses the qualitative approach and data is gathered through extensiveinterview, secondary data, and bibliography study. Key persons among the sources areselected based on specific criteria. Data validity is obtained through the triangulationtechnique, and the samples used are PT Lippo Karawaci Tbk and subsidiaries. Theresults show that governance practices are unique in each corporation, in accordancewith their characteristics. Keywords: agency theory, agency problem, agency cost, corporate governance,expropriation of minority shareholders","PeriodicalId":31316,"journal":{"name":"Issues in Social and Environmental Accounting","volume":"6 1","pages":"72-96"},"PeriodicalIF":0.0,"publicationDate":"2012-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68168908","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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