* Corresponding author, Faculty of Economics and Business, Mulawarman University, Samarinda, Indonesia Contact details: Faculty of Economics and Business, Mulawarman University, Kampus Gunung Kelua, Samarinda, East Kalimantan, 75117, Indonesia ** Institute for Sustainable Industries and Liveable Cities, Victoria University, Melbourne, Australia *** Department of Business, Management and Finance, Melbourne Polytechnic, Melbourne, Australia
*通讯作者，Mulawarman大学经济与商业学院，印度尼西亚，萨马林达。联系方式:Mulawarman大学经济与商业学院，Kampus Gunung Kelua，萨马林达，东加里曼丹，75117，印度尼西亚**维多利亚大学可持续产业与宜居城市研究所，澳大利亚，墨尔本**墨尔本理工学院商业、管理与金融学系，澳大利亚，墨尔本
{"title":"Corporate governance and corporate social responsibility: A study of emerging market listed firms","authors":"A. A. Lahjie, Riccardo Natoli, Segu M. M. Zuhair","doi":"10.22495/COCV18I2ART7","DOIUrl":"https://doi.org/10.22495/COCV18I2ART7","url":null,"abstract":"* Corresponding author, Faculty of Economics and Business, Mulawarman University, Samarinda, Indonesia Contact details: Faculty of Economics and Business, Mulawarman University, Kampus Gunung Kelua, Samarinda, East Kalimantan, 75117, Indonesia ** Institute for Sustainable Industries and Liveable Cities, Victoria University, Melbourne, Australia *** Department of Business, Management and Finance, Melbourne Polytechnic, Melbourne, Australia","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124919505","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}
Financial crises around the world beginning in 1997, the year of the Asian crisis, and extending to the current coronavirus pandemic have helped governments understand that strong corporate governance rules reduce the impact of these crises. Robust corporate governance rules lead to strong shareholders’ rights, strong boards of directors, high levels of disclosure, high levels of auditing, and low levels of corruption. Thus, having strong corporate governance rules will protect firms and economies in general in the face of financial crises. Several studies from developed and developing countries have found that robust corporate governance principles lead to improvements in both firm performance and value. Corporate governance employs two mechanisms: internal mechanisms, which include ownership structure, boards of directors, and financial policies, and external mechanisms, which comprise the legal system, labor rules, market law, and financial accounting standards. This study will examine the impact of boards of directors on firm performance from 2017 to 2019 using a sample of 89 non-financial listed firms. This period was selected because, prior to 2017, there were no governance rules in Kuwait, as documented in Appendix, Table A.1. The situation now is obviously different, and these changes provide this study with strong motivation to examine the impact of boards of directors on firm performance following the implementation of the new rules. The selection of Kuwait for this study is of great interest for three reasons. First, Kuwait was the last of the Gulf Abstract
{"title":"Boards of directors and firm performance: A study of non-financial listed firms on the Kuwait Stock Exchange","authors":"Mejbel Al-Saidi","doi":"10.22495/COCV18I2ART3","DOIUrl":"https://doi.org/10.22495/COCV18I2ART3","url":null,"abstract":"Financial crises around the world beginning in 1997, the year of the Asian crisis, and extending to the current coronavirus pandemic have helped governments understand that strong corporate governance rules reduce the impact of these crises. Robust corporate governance rules lead to strong shareholders’ rights, strong boards of directors, high levels of disclosure, high levels of auditing, and low levels of corruption. Thus, having strong corporate governance rules will protect firms and economies in general in the face of financial crises. Several studies from developed and developing countries have found that robust corporate governance principles lead to improvements in both firm performance and value. Corporate governance employs two mechanisms: internal mechanisms, which include ownership structure, boards of directors, and financial policies, and external mechanisms, which comprise the legal system, labor rules, market law, and financial accounting standards. This study will examine the impact of boards of directors on firm performance from 2017 to 2019 using a sample of 89 non-financial listed firms. This period was selected because, prior to 2017, there were no governance rules in Kuwait, as documented in Appendix, Table A.1. The situation now is obviously different, and these changes provide this study with strong motivation to examine the impact of boards of directors on firm performance following the implementation of the new rules. The selection of Kuwait for this study is of great interest for three reasons. First, Kuwait was the last of the Gulf Abstract","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128080291","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 article is a literature review that covers quantitative empirical research on the association between corporate social responsibility (CSR) and corporate tax avoidance. We conduct a structured literature review and evaluate the empirical-quantitative results with regard to the CSR–tax avoidance link and vice versa. The association between CSR and tax avoidance is both theoretically and empirically ambiguous. However, the majority of studies finds a negative association between CSR and tax avoidance. Nevertheless, results are highly dependent on measurement of the respective constructs and other marginal conditions. Comparability of recent research on the issue is in particular limited due to heterogeneous CSR and tax avoidance metrics and due to a potentially bidirectional relationship. Results imply that there is not necessarily a stable association between CSR performance, as measured by CSR scores or ratings, CSR reporting, and a firm’s tax practices. Thus, socially responsible investors have to make a decision about whether they are prepared to invest in firms that have high CSR scores and strong CSR performance while aggressively avoiding taxes. Investors who perceive tax payments as part of a firm’s responsibility towards society, have to select their investments with great care, as CSR scores and CSR reporting are of only limited informative value with regard to tax avoidance
{"title":"CSR and tax avoidance: A review of empirical research","authors":"J. Kovermann, Patrick Velte","doi":"10.22495/cocv18i2art2","DOIUrl":"https://doi.org/10.22495/cocv18i2art2","url":null,"abstract":"This article is a literature review that covers quantitative empirical research on the association between corporate social responsibility (CSR) and corporate tax avoidance. We conduct a structured literature review and evaluate the empirical-quantitative results with regard to the CSR–tax avoidance link and vice versa. The association between CSR and tax avoidance is both theoretically and empirically ambiguous. However, the majority of studies finds a negative association between CSR and tax avoidance. Nevertheless, results are highly dependent on measurement of the respective constructs and other marginal conditions. Comparability of recent research on the issue is in particular limited due to heterogeneous CSR and tax avoidance metrics and due to a potentially bidirectional relationship. Results imply that there is not necessarily a stable association between CSR performance, as measured by CSR scores or ratings, CSR reporting, and a firm’s tax practices. Thus, socially responsible investors have to make a decision about whether they are prepared to invest in firms that have high CSR scores and strong CSR performance while aggressively avoiding taxes. Investors who perceive tax payments as part of a firm’s responsibility towards society, have to select their investments with great care, as CSR scores and CSR reporting are of only limited informative value with regard to tax avoidance","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125571381","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}
Pub Date : 2020-09-03DOI: 10.22495/cocv17i4siart16
Moataz Elmassri, Mahmoud Abdelrahman
This paper examines how strategic investment decisions (SIDs) are made in the Egyptian context. There is an increasing call to comprehensively explore how social, economic, political, cultural, and organisational influences impact managerial judgement in SID making. In doing so, this paper takes an ontological perspective to understand how SIDs are really made. Given the uncertainty of the political and social climate and the radical changes that have taken place in Egypt, this paper provides a unique opportunity to investigate how SIDs are made in a revolution space. The contextual emphasis leads to a qualitative, interpretive research methodology. Twenty-seven unstructured interviews were conducted from national-owned and multinational companies in Egypt. Twelve organisations out of the twenty-seven that were interviewed were working for multinational organisations, thirteen of them were working for nationally owned organisations and the remaining two are joint venture companies. We found that the uncertainty embedded in the contextual structures cannot be translated through abstracted technical investment appraisal methods, so the role of subjective judgments and personal intuition is emphasized in the making of SIDs. Although both national and multinational companies indicate that in the time of revolution it is more rational to rely on personal trust rather than system trust. We found that multinational organizations push their Egyptian subsidiaries to articulate technical methods as a taken-for-granted practice, whether it is deemed meaningful or not.
{"title":"Strategic investment decisions and ownership structure: An exploratory study in Egypt","authors":"Moataz Elmassri, Mahmoud Abdelrahman","doi":"10.22495/cocv17i4siart16","DOIUrl":"https://doi.org/10.22495/cocv17i4siart16","url":null,"abstract":"This paper examines how strategic investment decisions (SIDs) are made in the Egyptian context. There is an increasing call to comprehensively explore how social, economic, political, cultural, and organisational influences impact managerial judgement in SID making. In doing so, this paper takes an ontological perspective to understand how SIDs are really made. Given the uncertainty of the political and social climate and the radical changes that have taken place in Egypt, this paper provides a unique opportunity to investigate how SIDs are made in a revolution space. The contextual emphasis leads to a qualitative, interpretive research methodology. Twenty-seven unstructured interviews were conducted from national-owned and multinational companies in Egypt. Twelve organisations out of the twenty-seven that were interviewed were working for multinational organisations, thirteen of them were working for nationally owned organisations and the remaining two are joint venture companies. We found that the uncertainty embedded in the contextual structures cannot be translated through abstracted technical investment appraisal methods, so the role of subjective judgments and personal intuition is emphasized in the making of SIDs. Although both national and multinational companies indicate that in the time of revolution it is more rational to rely on personal trust rather than system trust. We found that multinational organizations push their Egyptian subsidiaries to articulate technical methods as a taken-for-granted practice, whether it is deemed meaningful or not.","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131393004","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}
Pub Date : 2020-07-05DOI: 10.22495/cocv18i1siart13
Shawgat Kutubi
How to cite this paper: Kutubi, S. S. (2020). Directors with multiple directorships and accounting conservatism: Evidence from banks in South Asia [Special issue]. Corporate Ownership & Control, 18(1),
{"title":"Directors with multiple directorships and accounting conservatism: Evidence from banks in South Asia","authors":"Shawgat Kutubi","doi":"10.22495/cocv18i1siart13","DOIUrl":"https://doi.org/10.22495/cocv18i1siart13","url":null,"abstract":"How to cite this paper: Kutubi, S. S. (2020). Directors with multiple directorships and accounting conservatism: Evidence from banks in South Asia [Special issue]. Corporate Ownership & Control, 18(1),","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124285788","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 concept of a smart city has attracted the attention of many scholars and policymakers in many countries worldwide. The role of accounting as a tool of governance in smart city politics, however ...
{"title":"Accounting and smart cities: New evidence for governmentality and politics","authors":"L. Alsaid, J. Mutiganda","doi":"10.22495/cocv17i3art12","DOIUrl":"https://doi.org/10.22495/cocv17i3art12","url":null,"abstract":"The concept of a smart city has attracted the attention of many scholars and policymakers in many countries worldwide. The role of accounting as a tool of governance in smart city politics, however ...","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"175 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116871223","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}
Pub Date : 2020-02-27DOI: 10.22495/cocv17i2_editorial
Cesario Mateus, I. Mateus
We are pleased to present the second issue of the journal in 2020. This volume of the journal “Corporate Ownership and Control” is focused on corporate governance, corporate social responsibility, earnings and performance management, ownership concentration, institutional ownership, audit fees, audit quality and independence, cross-cultural management and cultural dimensions, financial instruments risk disclosure, equity incentives, firm performance, shareholder composition and monitoring effects, etc.
{"title":"Editorial: Corporate governance through a prism of multi-disciplinary research","authors":"Cesario Mateus, I. Mateus","doi":"10.22495/cocv17i2_editorial","DOIUrl":"https://doi.org/10.22495/cocv17i2_editorial","url":null,"abstract":"We are pleased to present the second issue of the journal in 2020. This volume of the journal “Corporate Ownership and Control” is focused on corporate governance, corporate social responsibility, earnings and performance management, ownership concentration, institutional ownership, audit fees, audit quality and independence, cross-cultural management and cultural dimensions, financial instruments risk disclosure, equity incentives, firm performance, shareholder composition and monitoring effects, etc.","PeriodicalId":438501,"journal":{"name":"Corporate Ownership and Control","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129260045","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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