Corporate Governance and Neoclassical Economics

Mueller, Dennis C.

doi:10.1080/13571516.2017.1374038

Cited by 6 publications

(6 citation statements)

References 43 publications

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“…The process of persuasion involves making logical arguments and presenting factual evidence supporting an individual's position to exercise influence (Yukl and Tracey, 1992). Therefore, board processes embody an inherent conflict between VC investors' ability to control board processes based on their formal power (Bellavitis et al, 2017;Mueller, 2018) and cooperation (Gabrielsson and Huse, 2002) based on entrepreneurs' use of persuasion as a way to sway BOD decision-making.…”

Section: Survival In the High-tech Community 567mentioning

confidence: 99%

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Enterprise survival in the high-tech community: persuasion and power in board decisions

Yitshaki

Gimmon

Khavul

2021

JEC

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Purpose This study aims to examine the extent to which board size, the use of power by venture capital investors and entrepreneurs’ interpersonal tactics such as persuasion to sway board decisions, influence the long-term survival of start-ups. Design/methodology/approach This study used a mixed-methods approach. The quantitative part is based on data collected from 179 chief executive officers (CEOs) of high-tech start-ups community financed by venture capitalists (VCs) in Israel of which 59 did not survive. To achieve a better understanding of these findings, semi-structured interviews with 12 entrepreneurs were conducted. Findings Smaller boards were positively associated with venture survival. The use of power by VC investors positively influenced start-up survival. CEO persuasion had a negative effect on venture survival; however, its interaction with board size suggests that it had a lesser effect on very small boards. Practical implications Although investors’ control over decision-making contributes to long-term survival, entrepreneurs should be aware of the possible detrimental effects of exercising a high level of persuasion in board processes. The findings also suggest that a small board size is preferable for start-up survival. Originality/value Exploring the effect of board processes on venture survival is considered complex. A unique sample of high-technology start-ups consisting of both surviving and failed start-ups was analyzed to explore the effects of persuasion and power in board processes.

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Section: Survival In the High-tech Community 567mentioning

confidence: 99%

“…Message repetition influences social actors' persuasion (Cacioppo and Petty, 1979;Petty et al, 1998). However, message repetition may have less influence when actors have strong attitudes (Mueller, 2018).…”

Section: Survival In the High-tech Communitymentioning

confidence: 99%

Enterprise survival in the high-tech community: persuasion and power in board decisions

Yitshaki

Gimmon

Khavul

2021

JEC

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“…Companies believe that the implementation of good corporate governance is another form of enforcement of business ethics and work ethics that has long been a corporate commitment, and the implementation of good corporate governance is related to improving the image of the company (Purwani et al, 2017). Corporate governance describes a set of institutions that determine how a company regulates the selection of members for the board of directors through their performance (Mueller, 2018). Corporate governance is the company’s obligation to improve management performance in terms of controlling fraudulent practices and company performance (FSA, 2016; Manik, 2011).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Internal Control, Manager’s Competency, Management Accounting Information Systems and Good Corporate Governance: Evidence from Rural Banks in Indonesia

Napitupulu

2020

Global Business Review

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This research was inspired by the rules of the Financial Services Authority (FSA) in Indonesia regarding the necessity for good corporate governance for rural banks (RB). So far, good corporate governance regulations have only been binding on commercial banks, but with the development and expansion of services and increased business volume of rural banks, the risk of rural banks has also increased, so this has encouraged the need for good corporate governance in rural banks. To achieve the application of good corporate governance, the quality of a management accounting information system (MAIS) is needed which is supported by the effectiveness of internal controls and manager’s competency. The method used is the explanatory survey method. The sample technique uses random sampling from the target population of the study—as many as 54 rural banks in the North Sumatra Province of Indonesia with a total sample of 45 rural banks. Respondents who are targeted are parties related to management accounting information systems, namely the board of directors or operational managers. Data obtained directly through research questionnaires were processed using Statistical Product and Service Solutions (SPSS) applications. This study found that the competencies of managers affect the quality of MAIS in rural banks, while the effectiveness of internal controls has no effect. This study also found that manager’s competency and the effectiveness of internal controls had an effect on the application of the principles of good corporate governance in rural banks if mediated by the quality of MAIS.

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“…According to Sarbah & Xiao (2015), CG includes structures and processes to direct and control the business and the relationships between management, the board of directors, controlling shareholders, minority shareholders, and other stakeholders. Mueller (2018) also suggests that CG describes a set of institutions that determine how companies regulate shareholder rights and rules that determine how to elect members of the board of directors through their performance.…”

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confidence: 99%

Historical Development of Good Corporate Governance in Indonesia (1998-2020): Government’s Role in Establishing the Regulatory Framework

Saptono

Purwanto²

2022

j. borneo adm.

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The issue of Good Corporate Governance (GCG) has developed over the centuries as a reaction to systemic crises or corporate failures. The well-documented failures of the Indonesian government are the 1997-1998 Asian financial crisis and the 2008 global financial crisis. Many experts regard Indonesia’s recession as driven by poor government oversight of the financial sector. This study aims to analyze the historical impact of GCG in Indonesia in the 1998-2020 period on government performance. This study employs Foucauldian archaeology and uses official government documents (laws and policies and their derivatives), books, journals, mass media articles (offline and online), and websites as data sources. The data analysis consists of several activities, including collecting, presenting, and inferring data. This study concludes that the development of GCG in Indonesia has increased from a regulatory perspective. However, the development of GCG in Indonesia impacts the government’s performance because there are still many problems in the practice of GCG in Indonesia. One of the problems is the Jiwasraya financial scandal. The Financial Scandal occurred due to the poor performance of the government, in this case, the Financial Services Authority (OJK), in supervising the insurance industry

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Corporate Governance and Neoclassical Economics

Cited by 6 publications

References 43 publications

Enterprise survival in the high-tech community: persuasion and power in board decisions

Enterprise survival in the high-tech community: persuasion and power in board decisions

Internal Control, Manager’s Competency, Management Accounting Information Systems and Good Corporate Governance: Evidence from Rural Banks in Indonesia

Historical Development of Good Corporate Governance in Indonesia (1998-2020): Government’s Role in Establishing the Regulatory Framework

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