Pub Date : 2024-05-15DOI: 10.21315/aamj2024.29.1.9
Mohd Shazwan, Mohd Ariffin, Wan Nordin, Siti Seri Delima, Abdul Malak, Ili Syahirah Kamaruzaman
Making detailed annual general meeting (AGM) minutes available online allows absentee investors to understand the discussion that took place during the AGM, and other interested parties to gauge the intensity of investor activism and stakeholder engagement from the questions posed. This paper investigated the effects of shareholders’ monitoring through the Minority Shareholders Watch Group (MSWG), the Employees Provident Fund (EPF), and other government-linked institutions on corporate communication via minutes of shareholders’ meeting. This study also incorporated firm size, audit quality, profitability, and grey directors as control variables. Based on a sample of 261 listed firms with financial year ended 31 December 2016 who held their AGMs in 2017, the findings showed that shareholders’ monitoring through the MSWG, EPF, and other government- linked institutions were significant and positively associated with corporate transparency. This implies that minority and institutional shareholders’ activism can be the advocate in pushing for dissemination of online corporate disclosure to enhance the information environment, in align with agency theory.
{"title":"Shareholders’ Monitoring and Online Disclosures of Minutes of Shareholders’ Meeting","authors":"Mohd Shazwan, Mohd Ariffin, Wan Nordin, Siti Seri Delima, Abdul Malak, Ili Syahirah Kamaruzaman","doi":"10.21315/aamj2024.29.1.9","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.9","url":null,"abstract":"Making detailed annual general meeting (AGM) minutes available online allows absentee investors to understand the discussion that took place during the AGM, and other interested parties to gauge the intensity of investor activism and stakeholder engagement from the questions posed. This paper investigated the effects of shareholders’ monitoring through the Minority Shareholders Watch Group (MSWG), the Employees Provident Fund (EPF), and other government-linked institutions on corporate communication via minutes of shareholders’ meeting. This study also incorporated firm size, audit quality, profitability, and grey directors as control variables. Based on a sample of 261 listed firms with financial year ended 31 December 2016 who held their AGMs in 2017, the findings showed that shareholders’ monitoring through the MSWG, EPF, and other government- linked institutions were significant and positively associated with corporate transparency. This implies that minority and institutional shareholders’ activism can be the advocate in pushing for dissemination of online corporate disclosure to enhance the information environment, in align with agency theory.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"59 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140972211","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.1
Joko Suyono, Lilik Wahyudi, Harmadi, Risgiyanti, Suryandari Istiqomah
This study investigated the effect of leadership ostracism on employee engagement through defensive silence as a mediating variable, using the conservation of resources theory framework and the need-threat/need fortification model. The study also examined the role of external social support, which has the potential to moderate the indirect effect of leadership ostracism on employee engagement. Data were collected from civil servants in Indonesia using self-report questionnaires. Using the snowball sampling technique, an online survey was conducted to collect data. Of 504 accepted responses, 310 met all the criteria and were analysed using partial least square-structural equation modelling (PLS-SEM) and a moderated mediation model. The moderated mediation analysis showed that low perceived external social support indirectly strengthens the negative influence of leadership ostracism on employee engagement through defensive silence. This research enriches the ostracism literature, especially regarding leadership ostracism and its relationship with employee engagement, which has not been empirically tested in previous studies.
{"title":"Relationship Between Leadership Ostracism and Employee Engagement: A Moderated Mediation Model","authors":"Joko Suyono, Lilik Wahyudi, Harmadi, Risgiyanti, Suryandari Istiqomah","doi":"10.21315/aamj2024.29.1.1","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.1","url":null,"abstract":"This study investigated the effect of leadership ostracism on employee engagement through defensive silence as a mediating variable, using the conservation of resources theory framework and the need-threat/need fortification model. The study also examined the role of external social support, which has the potential to moderate the indirect effect of leadership ostracism on employee engagement. Data were collected from civil servants in Indonesia using self-report questionnaires. Using the snowball sampling technique, an online survey was conducted to collect data. Of 504 accepted responses, 310 met all the criteria and were analysed using partial least square-structural equation modelling (PLS-SEM) and a moderated mediation model. The moderated mediation analysis showed that low perceived external social support indirectly strengthens the negative influence of leadership ostracism on employee engagement through defensive silence. This research enriches the ostracism literature, especially regarding leadership ostracism and its relationship with employee engagement, which has not been empirically tested in previous studies.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"90 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140973153","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.8
Siti Salina, Abdullah, Suhaili Arifin, Fazliyaton Ramley, Z. Mohamad, Mohd Sani Ismail, Khuzaimah Mustapa
The gender socialisation process will form and affect the career choices of children when they grow up. As a result, certain careers are considered appropriate only for a certain gender. However, this scenario of gender dominated career is now loosened. Currently, there are men who work as nurses, secretaries, and bridal beauticians. This study examines the factors that influence Malay, Muslim Malaysian men to work in two careers generally dominated by women, which are nurse and “pak andam” (Malay bridal beautician and consultant). Using a case study qualitative approach, the author investigated the factors that influence male nurses (N = 14) and “pak andam” (N = 5) to work in occupations generally considered to be the main domain of women in Malaysia’s culture. Data from semi-structured interviews revealed that the reason why men become male nurses is mainly caused by external factors, which are family obedience, financial disadvantage, and religious obligation. However, during their journey in becoming nurses, they developed their passion for nursing. In contrast, the males who become “pak andam” do so mainly because of personal factors, which is their interest in beauty and fashion. This paper will further discuss the participants’ experiences from the context of Malay Muslim culture.
{"title":"An Empirical Exploration of Factors Contributing to Malaysian Men Becoming Involved in a Feminine Career: A Case Study of Male Nurse and Pak Andam","authors":"Siti Salina, Abdullah, Suhaili Arifin, Fazliyaton Ramley, Z. Mohamad, Mohd Sani Ismail, Khuzaimah Mustapa","doi":"10.21315/aamj2024.29.1.8","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.8","url":null,"abstract":"The gender socialisation process will form and affect the career choices of children when they grow up. As a result, certain careers are considered appropriate only for a certain gender. However, this scenario of gender dominated career is now loosened. Currently, there are men who work as nurses, secretaries, and bridal beauticians. This study examines the factors that influence Malay, Muslim Malaysian men to work in two careers generally dominated by women, which are nurse and “pak andam” (Malay bridal beautician and consultant). Using a case study qualitative approach, the author investigated the factors that influence male nurses (N = 14) and “pak andam” (N = 5) to work in occupations generally considered to be the main domain of women in Malaysia’s culture. Data from semi-structured interviews revealed that the reason why men become male nurses is mainly caused by external factors, which are family obedience, financial disadvantage, and religious obligation. However, during their journey in becoming nurses, they developed their passion for nursing. In contrast, the males who become “pak andam” do so mainly because of personal factors, which is their interest in beauty and fashion. This paper will further discuss the participants’ experiences from the context of Malay Muslim culture.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"124 49","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140977519","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.10
M. A. Wahab
The increasing ethical infringements, moral violations, and disciplinary problems among employees point to the deteriorations in employee values. Hiring employees merely on common competency-based recruitment (CBR) versus value-based recruitment (VBR) ignores the critical role of values in guiding employee behaviours, thus contributing further to the problems. This study involves a qualitative approach using NVivo text analysis tool to analyse texts and word frequency from 44 references, including 35 journal articles, six policy papers, two books or book chapters and one conference proceedings. The results show that Public Sector ICT Management Review was the top journal with the highest coverage of the study’s main themes, followed by the Journal of Education for Teaching, the Human Resource Management Review, and the Advances in Health Science Education indicating the importance of the value-based workforce in these four areas of employment (i.e., public sector, education, human resource, and health). The word frequency analysis also shows the five most-used words were “values,” “work,” “based,” “selection,” and “recruitment.” These findings show that the references used in this study are valid and reliable relevant to the study’s main themes. Value-based workforce relates to value-based recruitment – building a value-based workforce begins with a good recruitment strategy. In the Islamic context, Islamic work values are highly influential and Islamic work-related values have been used as recruitment conditions for hiring employees during the Prophet Muhammad’s (pbuh) time and the rightly guided caliphs. If incorporated into the value- based model of recruitment, Islamic-related work values could potentially build a value- based workforce. This study has a significant implication to managers especially in finding good employees for the success of the organisation. Recruiting employees through value-based recruitment and selection is believed could reduce many work-related issues and improve organisational effectiveness. This study adds to the body of knowledge on value- based hiring by incorporating theories and Islamic work ideals, which can be used as a guide for future research.
{"title":"Building a Value-Based Workforce Through Islamic Work Value-Based Recruitment: A Conceptual Review","authors":"M. A. Wahab","doi":"10.21315/aamj2024.29.1.10","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.10","url":null,"abstract":"The increasing ethical infringements, moral violations, and disciplinary problems among employees point to the deteriorations in employee values. Hiring employees merely on common competency-based recruitment (CBR) versus value-based recruitment (VBR) ignores the critical role of values in guiding employee behaviours, thus contributing further to the problems. This study involves a qualitative approach using NVivo text analysis tool to analyse texts and word frequency from 44 references, including 35 journal articles, six policy papers, two books or book chapters and one conference proceedings. The results show that Public Sector ICT Management Review was the top journal with the highest coverage of the study’s main themes, followed by the Journal of Education for Teaching, the Human Resource Management Review, and the Advances in Health Science Education indicating the importance of the value-based workforce in these four areas of employment (i.e., public sector, education, human resource, and health). The word frequency analysis also shows the five most-used words were “values,” “work,” “based,” “selection,” and “recruitment.” These findings show that the references used in this study are valid and reliable relevant to the study’s main themes. Value-based workforce relates to value-based recruitment – building a value-based workforce begins with a good recruitment strategy. In the Islamic context, Islamic work values are highly influential and Islamic work-related values have been used as recruitment conditions for hiring employees during the Prophet Muhammad’s (pbuh) time and the rightly guided caliphs. If incorporated into the value- based model of recruitment, Islamic-related work values could potentially build a value- based workforce. This study has a significant implication to managers especially in finding good employees for the success of the organisation. Recruiting employees through value-based recruitment and selection is believed could reduce many work-related issues and improve organisational effectiveness. This study adds to the body of knowledge on value- based hiring by incorporating theories and Islamic work ideals, which can be used as a guide for future research.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"33 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140972687","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.5
Thong Tien, Nguyen, Nhi Phuong Doan, Hung Kim Vuong
Managers might use corporate social responsibility (CSR) to conceal their misbehaviours. One of these is the implementation of earnings management (EM), which could have serious effects vis-à-vis information disclosed to stakeholders. This study examined the relationship between CSR and EM in Vietnam using the Kinder, Lydenberg, Domini (KLD) scale on five aspects: community, diversity, employees, environment, and products. The results show that in the economic context of Vietnam, for the enterprises in the consumer goods and consumer services industries, those firms with higher CSR scores are more likely to engage in EM. This finding provides additional evidence on the relation between CSR and EM and contributes to streams of studies on earnings and CSR.
{"title":"Corporate Social Responsibility and Earnings Management: Evidence from Vietnam","authors":"Thong Tien, Nguyen, Nhi Phuong Doan, Hung Kim Vuong","doi":"10.21315/aamj2024.29.1.5","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.5","url":null,"abstract":"Managers might use corporate social responsibility (CSR) to conceal their misbehaviours. One of these is the implementation of earnings management (EM), which could have serious effects vis-à-vis information disclosed to stakeholders. This study examined the relationship between CSR and EM in Vietnam using the Kinder, Lydenberg, Domini (KLD) scale on five aspects: community, diversity, employees, environment, and products. The results show that in the economic context of Vietnam, for the enterprises in the consumer goods and consumer services industries, those firms with higher CSR scores are more likely to engage in EM. This finding provides additional evidence on the relation between CSR and EM and contributes to streams of studies on earnings and CSR.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"14 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140973274","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.3
P. Kijkasiwat, Anwar Hussain, Uzma Nisar, Chee Yoong Liew
Prior studies have shown that innovation has a mediating effect on the relationship between corporate governance and firm performance. This study compares this mediating effect in developed and developing countries using agency theory and signaling theory. A panel sample of 2,688 firms in developing and developed countries is analysed for the period of 2002–2017. The empirical findings demonstrate that corporate innovation fully mediates the relationship between corporate governance and firm performance in developed countries. However, innovation partially mediates the relationship between corporate governance and firm performance in developing countries. This could be because of different socioeconomic factors and capabilities of innovators involved in corporate governance structure. The study has both theoretical and policy implications and provides insights for policy makers for identifying the influence of innovation on firm value and evaluating the importance of corporate governance.
{"title":"The Mediating Effect of Innovation on theRelationship Between Corporate Governance and Firm Performance: Evidence from Developed and Developing Countries","authors":"P. Kijkasiwat, Anwar Hussain, Uzma Nisar, Chee Yoong Liew","doi":"10.21315/aamj2024.29.1.3","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.3","url":null,"abstract":"Prior studies have shown that innovation has a mediating effect on the relationship between corporate governance and firm performance. This study compares this mediating effect in developed and developing countries using agency theory and signaling theory. A panel sample of 2,688 firms in developing and developed countries is analysed for the period of 2002–2017. The empirical findings demonstrate that corporate innovation fully mediates the relationship between corporate governance and firm performance in developed countries. However, innovation partially mediates the relationship between corporate governance and firm performance in developing countries. This could be because of different socioeconomic factors and capabilities of innovators involved in corporate governance structure. The study has both theoretical and policy implications and provides insights for policy makers for identifying the influence of innovation on firm value and evaluating the importance of corporate governance. ","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"16 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140973268","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.4
Anh T. Q. Dang, Anh D. Pham
The exchange rate is a crucial macro indicator for any open economy, whereby any change in the rate would influence, to a certain extent, various socioeconomic facets. One of the significant impacts is revealed in the pass-through of exchange rate variations to price inflation, also known as the exchange rate pass-through (ERPT). This paper explores the effect of ERPT on domestic inflation in Vietnam by comparing with other Asian economies. Specifically, pass-through mechanisms are examined for every single price as well as a distribution chain from import price index (IMP), producer price index (PPI) to consumer price index (CPI). The empirical results show that exchange rate shocks positively influence the price changes in Vietnam as well as in other Asian countries. According to Cholesky decomposition, the exchange rate plays a limited role in regulating CPI movements. Besides, world commodity prices are found to have a significant impact on domestic inflation across the sample-countries. Our findings reveal profound implications for monetary policy management and price stability.
{"title":"Exchange Rate Pass-Through and Inflation: Policy Insights for Vietnam Based on Comparative Analyses Across Asia","authors":"Anh T. Q. Dang, Anh D. Pham","doi":"10.21315/aamj2024.29.1.4","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.4","url":null,"abstract":"The exchange rate is a crucial macro indicator for any open economy, whereby any change in the rate would influence, to a certain extent, various socioeconomic facets. One of the significant impacts is revealed in the pass-through of exchange rate variations to price inflation, also known as the exchange rate pass-through (ERPT). This paper explores the effect of ERPT on domestic inflation in Vietnam by comparing with other Asian economies. Specifically, pass-through mechanisms are examined for every single price as well as a distribution chain from import price index (IMP), producer price index (PPI) to consumer price index (CPI). The empirical results show that exchange rate shocks positively influence the price changes in Vietnam as well as in other Asian countries. According to Cholesky decomposition, the exchange rate plays a limited role in regulating CPI movements. Besides, world commodity prices are found to have a significant impact on domestic inflation across the sample-countries. Our findings reveal profound implications for monetary policy management and price stability.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"36 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140975806","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.2
Thuy Tien Ho, Nguyen Mau, Ba Dang, Ngo Thai
This study analyses the inherent evolution dynamics of economic activity and global oil prices in China using the tools of wavelet and wavelet-based VAR-GARCH-BEKK model. Besides, the Wavelet-Granger causality test of Olayeni (2016) provides us further insights into the magnitude and direction of causal connectedness between oil prices and economic activity in China over time and across different frequencies simultaneously. We find that the spillover effects between China’s economic activity and global oil prices are time-varying in different time and frequencies in terms of direction and strength. More accurately, the prices and volatility spillovers between them are significant in the short and medium run but eventually neutral toward the long run. The Wavelet-Granger causality provides us further insights into the lead-lag relationships between oil prices and China’s economic activity from an economic perspective. The dynamic time-frequency association findings suggest crucial implications that might assist policymakers and other market participants in mitigating risk.
{"title":"Oil Prices and Economic Growth in China: A Time-Frequency Analysis","authors":"Thuy Tien Ho, Nguyen Mau, Ba Dang, Ngo Thai","doi":"10.21315/aamj2024.29.1.2","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.2","url":null,"abstract":"This study analyses the inherent evolution dynamics of economic activity and global oil prices in China using the tools of wavelet and wavelet-based VAR-GARCH-BEKK model. Besides, the Wavelet-Granger causality test of Olayeni (2016) provides us further insights into the magnitude and direction of causal connectedness between oil prices and economic activity in China over time and across different frequencies simultaneously. We find that the spillover effects between China’s economic activity and global oil prices are time-varying in different time and frequencies in terms of direction and strength. More accurately, the prices and volatility spillovers between them are significant in the short and medium run but eventually neutral toward the long run. The Wavelet-Granger causality provides us further insights into the lead-lag relationships between oil prices and China’s economic activity from an economic perspective. The dynamic time-frequency association findings suggest crucial implications that might assist policymakers and other market participants in mitigating risk.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"9 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140974743","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.7
Le Thi Thoan, Vo Thi, Ngoc Thuy
This study assesses the relationship between market competition and corporate governance by analysing 562 non-financial companies listed on the Vietnamese stock market from 2010 to 2019. We used the quantitative method through oridinary least squares (OLS) robust and feasible generalised least squares (FGLS) regression to control heteroscedasticity and autocorrelation, which is suitable with panel data to test the above relationship. According to the research results, market competition has complementary and alternative effects on corporate governance, as reflected in the positive and negative effects of the variable Herfindahl-Hirschman Index (HHI), a proxy for market competition, on corporate governance. Market competition has a support impact on corporate governance, which is more evident in board size, CEO duality, and CEO ownership. In contrast, the impact of market competition substituted corporate governance and reduced the role of corporate governance, as demonstrated by the independent board members. As a result, our study provides an extended understanding of the factors affecting corporate governance, primarily based on contingency theory. Furthermore, this study provides evidence for further research in this field and identifies a number of potential solutions for investors and regulators.
{"title":"Corporate Governance in Listed Firms: Does Market Competition Make a Difference?","authors":"Le Thi Thoan, Vo Thi, Ngoc Thuy","doi":"10.21315/aamj2024.29.1.7","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.7","url":null,"abstract":"This study assesses the relationship between market competition and corporate governance by analysing 562 non-financial companies listed on the Vietnamese stock market from 2010 to 2019. We used the quantitative method through oridinary least squares (OLS) robust and feasible generalised least squares (FGLS) regression to control heteroscedasticity and autocorrelation, which is suitable with panel data to test the above relationship. According to the research results, market competition has complementary and alternative effects on corporate governance, as reflected in the positive and negative effects of the variable Herfindahl-Hirschman Index (HHI), a proxy for market competition, on corporate governance. Market competition has a support impact on corporate governance, which is more evident in board size, CEO duality, and CEO ownership. In contrast, the impact of market competition substituted corporate governance and reduced the role of corporate governance, as demonstrated by the independent board members. As a result, our study provides an extended understanding of the factors affecting corporate governance, primarily based on contingency theory. Furthermore, this study provides evidence for further research in this field and identifies a number of potential solutions for investors and regulators.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"46 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140976394","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 : 2024-05-15DOI: 10.21315/aamj2024.29.1.6
Thao Thi, Phuong Nguyen, Anh Van Nguyen
The world has changed dramatically since the emergence of the coronavirus disease 2019 (Covid-19) pandemic. This crisis has put companies under the test for their commitment to moral business conduct and corporate social responsibility (CSR). Facing the challenges for survival as well as financial strains could push firms with difficult choices in their CSR practices. The aim of this study is to explore the impact of CSR activities in building customer trust and company reputation with limited resources in the Covid-19 pandemic context. The paper collected data on latent constructs through a survey of 494 consumers by convenience sample in Vietnam. Confirmatory factor analysis assessed psychometric properties of the constructs, while the structural equation modeling (SEM) technique was used to examine posited hypotheses. The results show that economic responsibility has a positive impact on expertise trust; legal responsibility and ethical responsibility positively impact integrity trust; philanthropic responsibility has a positive effect on social benevolence trust. However, only ethical responsibility and philanthropic responsibility can directly influence corporate reputation. In addition, three dimensions of trust strengthen the link between CSR initiatives and company reputation. Among them, social benevolence trust plays the most critical role in creating a reputation. Based on this finding, some management implications are also discussed regarding how corporations can allocate appropriate resources for different CSR activities so that they could leverage benefits from CSR strategy in their business. Moreover, the results obtained open future lines of comparative research on the impact of CSR practices, mediated by trust in corporate reputation, between countries with different cultures and religious beliefs.
{"title":"How to Conduct CSR Activities to Build Consumer Trust and Corporate Reputation in Covid-19 Pandemic?","authors":"Thao Thi, Phuong Nguyen, Anh Van Nguyen","doi":"10.21315/aamj2024.29.1.6","DOIUrl":"https://doi.org/10.21315/aamj2024.29.1.6","url":null,"abstract":"The world has changed dramatically since the emergence of the coronavirus disease 2019 (Covid-19) pandemic. This crisis has put companies under the test for their commitment to moral business conduct and corporate social responsibility (CSR). Facing the challenges for survival as well as financial strains could push firms with difficult choices in their CSR practices. The aim of this study is to explore the impact of CSR activities in building customer trust and company reputation with limited resources in the Covid-19 pandemic context. The paper collected data on latent constructs through a survey of 494 consumers by convenience sample in Vietnam. Confirmatory factor analysis assessed psychometric properties of the constructs, while the structural equation modeling (SEM) technique was used to examine posited hypotheses. The results show that economic responsibility has a positive impact on expertise trust; legal responsibility and ethical responsibility positively impact integrity trust; philanthropic responsibility has a positive effect on social benevolence trust. However, only ethical responsibility and philanthropic responsibility can directly influence corporate reputation. In addition, three dimensions of trust strengthen the link between CSR initiatives and company reputation. Among them, social benevolence trust plays the most critical role in creating a reputation. Based on this finding, some management implications are also discussed regarding how corporations can allocate appropriate resources for different CSR activities so that they could leverage benefits from CSR strategy in their business. Moreover, the results obtained open future lines of comparative research on the impact of CSR practices, mediated by trust in corporate reputation, between countries with different cultures and religious beliefs.","PeriodicalId":502619,"journal":{"name":"Asian Academy of Management Journal","volume":"119 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140977585","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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