Corporate governance, ownership and firm value: Drivers of ownership as a good corporate governance mechanism

Lozano, María Belén; Martínez, B.; Pindado, Julio

doi:10.1016/j.ibusrev.2016.04.005

Cited by 77 publications

(100 citation statements)

References 61 publications

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“…Several control variables have been included in the models to control factors that potentially effect firm value. Wecontrolled for firm size, firm age, leverage, debt, and liquidity, based on the extensive review of studies that used Tobin's Q as a measure for firm value (e.g., Fosu, Danso, Ahmad, & Coffie, 2016;Kuzey & Uyar, 2017;Lozano, Martínez, & Pindado, 2016;Saeidi, Sofian, Saeidi, Saeidi, & Saaeidi, 2015;Trumpp & Guenther, 2017). Variables description and measurements can be seen in Appendix A. Eco-friendly production 1.…”

Section: Control Variablesmentioning

confidence: 99%

Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation

Liao

Albitar³

2019

Bus Strat Env

293

197

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This paper aims to construct a comprehensive corporate environmental responsibility (CER) engagement measurement to examine the relationship between CER engagement and firm value as well as explore the mediating effect of corporate innovation on this relationship based on a sample of 496 China's A‐share listed companies from 2008 to 2016. The results show that when firms start to adopt environmental regulations, CER would have a negative effect on firm value; however, at a specific level, CER would start to enhance firm value positively. In addition to this, corporate innovation plays a mediating role in the relationship between CER and firm value. Corporate innovation promotes firm value of firms with CER more than firms without CER. Overall, the findings of this paper are extremely relevant for the government, investors, and firm's managers and can be utilized for policy and investment decision making. Also, the findings encourage firms to enhance their sense of environmental responsibility in order to enhance their competitive advantages, enhance corporate innovation capabilities, and thus enhance firm value.

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Section: Control Variablesmentioning

confidence: 99%

Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation

Liao

Albitar³

2019

Bus Strat Env

293

197

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“…Sebagai konsekuen sinya manajer perusahaan menuntut meningkatkan kepemilikan saham oleh pihak manajemen agar manajer perusahaan dapat termotivasi dalam meningkatkan kinerja dan bertanggung jawab di dalam meningkatkan kemakmuran para pemegang saham sehingga dapat mengurangi adanya tindakan manajemen laba. Penelitian ini tidak sejalan dengan pendapat Salim, Arjomandi, & Seufert (2016) dan Lozano, Martinez, & Pindano (2016) yang menyatakan bahwa kepemilikan manajerial berpengaruh negatif signifikan terhadap manajemen. Semakin besar saham yang dimiliki oleh manajer dimungkinkan tindakan manajer yang melakukan manajemen laba semakin berkurang karena manajer merasa ikut mempunyai perusahaan sehingga akan mengurangi dampak terjadinya teori agensi pada perusahaan.…”

Section: Tabel 4 Hasil Uji Autokorelasiunclassified

Implikasi Corporate Governance dan Ukuran Perusahaan pada Manajemen Laba

Octavia

2017

jamal

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Abstrak: Implikasi Corporate Governance dan Ukuran Perusahaan pada Manajemen Laba. Penelitian ini bertujuan untuk mengetahui implikasi corporate governance dan ukuran perusahaan terhadap manajemen laba. Metode yang digunakan adalah regresi berganda de ngan sampel 40 perusahaan yang terdaftar di Bursa Efek Indonesia pada tahun 2014-2015. Hasil penelitian menunjukkan bahwa besar kecilnya komposisi dewan komisaris tidak berdampak pada manajemen laba yang dilakukan oleh perusahaan. Institusi yang memiliki saham cukup besar mempunyai kemampuan untuk melakukan intervensi terhadap perusahaan dan proses pelaporan keuangannya. Kepemilikan managerial membuat tindakan manajer selaras dengan pemegang saham sehingga dapat memperkecil perilaku oportunis. Komite audit berfungsi secara optimal dalam melakukan pengawasan terhadap laporan keuangan serta kinerja audit internal.

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“…Thus, an investigation of endogenous problems may be required for corporate governance variables. To correct the bias caused by endogenous variables, this study used the generalized moment estimation method (GMM) following Arora and Sharma, (2016) stated that GMM, which effectively overcomes the problem of endogeneity and simultaneity bias and furthermore Lozano, Martínez, and Pindado (2015) stated that there are two advantages to implementing the GMM estimator system, which can control the effects of unobserved heterogeneity and second to mitigate the endogeneity problem.…”

Section: Methodsmentioning

confidence: 99%

Audit Committee Characteristic and Earnings Management: Evidence Based on Indonesian Firms

Pratomo¹,

Ali²,

Hashim³

2019

The European Proceedings of Social and Behavioural Sciences

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There are some cases of Indonesian listed companies practicing earnings management to reduce tax payments while at the same time shows increasing income, despite the requirement to have an audit committee, audit committees in Indonesia should be led by an independent director and must have the financial capability to oversee the performance of management. In addition, the audit committee has the obligation to conduct audit committee meetings at least once in three months. Hence this study examines the audit committee (AC) characteristic (i.e. independence, expertise, and number of meeting) with the earnings management practice. This study uses Indonesian listed companies' financial data from 2012 -2016. Panel data analysis using the generalized method of moment estimation is being conducted to control for the individual effect and unobserved heterogeneity as well as to mitigate the endogenous problem. The results of this study suggest that AC expertise, AC meeting and AC independence has influence in reducing earnings management practice.

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Corporate governance, ownership and firm value: Drivers of ownership as a good corporate governance mechanism

Cited by 77 publications

References 61 publications

Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation

Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation

Implikasi Corporate Governance dan Ukuran Perusahaan pada Manajemen Laba

Audit Committee Characteristic and Earnings Management: Evidence Based on Indonesian Firms

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