Do Corporate Governance Mechanisms Affect Public Transport Firm Value?

Ezzeddine, Ben Mohamed; Jarboui, Sami

doi:10.1007/s13132-015-0302-3

Cited by 7 publications

(6 citation statements)

References 29 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, the diversi ed governance structure promoted in China, together with the modern enterprise system, weakened the leadership of the CPC and made the role of the Party organization as the political core vulnerable (Ma Lianfu, 2017;Ezzeddine and Jarboui, 2017). In 2004, the Chinese government clari ed the governance pattern of 'two-way entry and cross-appointment' as an effort to strengthen the leadership of Party organizations, pointing out that members of the Party organization can partly overlap members of the board of directors, the board of supervisors, and the management.…”

Section: Institutional Background and Literature Review I Institution...mentioning

confidence: 99%

Analyzing Corporate Governance Model with Chinese Characteristics and Accounting Information Disclosure: a Quasi-natural Experimental Study Based on a Special Institutional Arrangement

Yang

Huo

Li³

et al. 2023

J Knowl Econ

View full text Add to dashboard Cite

A new corporate governance model for SOEs with Chinese characteristics was implemented in China in 2016, in which a 4 + 1 (Chinese Communist Party committee, shareholders' meeting, board of directors, board of supervisors + managers) corporate governance structure was formed by integrating the Party organization into the traditional Western 3 + 1 structure (shareholders' meeting, board of directors, board of supervisors + managers), and it was a major breakthrough of the modern enterprise system with Chinese characteristics. With this brand-new institutional arrangement as a quasi-nature experiment, the Propensity Score Matching (PSM) and Differences in Differences (PSM-DID) methods have been used in this paper to empirically test the impact of the corporate governance model with Chinese characteristics on accounting information disclosure of State-Owned Enterprises (SOE). It has been found in the study that the corporate governance model with Chinese characteristics has improved the transparency of accounting information of SOEs in China, but no signi cant contribution to the quality of accounting information has been identi ed. Samples are subdivided in view of the in uence of the hierarchy and internal governance of Chinese SOEs. In central government-owned enterprises or those with a low level of internal control, the new governance model plays a more prominent role in enhancing the transparency of accounting information. The study veri es the positive effect of the corporate governance model with Chinese characteristics in improving the level of accounting information disclosure. Also, the study has practical signi cance in enhancing the corporate governance system with Chinese characteristics.

show abstract

Section: Institutional Background and Literature Review I Institution...mentioning

confidence: 99%

Analyzing Corporate Governance Model with Chinese Characteristics and Accounting Information Disclosure: a Quasi-natural Experimental Study Based on a Special Institutional Arrangement

Yang

Huo

Li³

et al. 2023

J Knowl Econ

View full text Add to dashboard Cite

show abstract

“…This theoretical vision is widely confirmed by many research works (Hermalin and Weisbach, 2003; Dyck and Zingales, 2004; Adams and Ferreira, 2007). In this context, much literature has been written (Ben Mohamed and Jarboui, 2017; Azouzi, 2019) on the importance of the independence of the directors’ board. Santella et al (2006) investigate how corporate disclosure allows for the verification of the real degree of independence of directors officially proclaimed as independent by the company.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…The position of the board of directors’ president has drawn the attention of many studies, especially in the banking sector (Ben Mohamed and Jarboui, 2017). These studies focused mainly on CEOs’ duality because it is supposed to have meaningful effects on corporate governance, performance and efficiency of banks.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…These studies focused mainly on CEOs’ duality because it is supposed to have meaningful effects on corporate governance, performance and efficiency of banks. So, in the case of duality, the chairman of the board of directors and CEOs are occupied by the same person (Ben Mohamed and Jarboui, 2017). In the case of non-duality, these functions are occupied by two different people.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

See 1 more Smart Citation

Determinants of technical efficiency of Islamic banks in GCC countries

Mohamed

Meshabet

Jarraya

2021

JIABR

View full text Add to dashboard Cite

Purpose This study aims to discuss the determinants of Islamic banks’ efficiency. It tries to explore the source of Islamic banks’ inefficiencies to propose solutions to guarantee an acceptable level of technical efficiency of such banks in Gulf Cooperation Council (GCC) countries. Design/methodology/approach To achieve this objective, the authors use a parametric approach, especially, the stochastic frontier approach, using production function and panel data analysis. The authors apply a package Frontier 4.1 for the estimation process, which is composed of two principal steps. In the first step, the authors estimate Islamic banks’ efficiency scores in different GCC countries based on an output distance function. In the second step, the analysis highlights the impact of managerial-specific education on Islamic accounting and finance, scarcity of Sharīʿah scholars, the board independence and chief executive officers’ (CEOs) duality on GCC Islamic banks’ efficiency. Findings This study’s results document that managerial-specific education on Islamic accounting and finance and the board of directors’ composition, especially, the board’s independence, can largely explain the technical efficiency scores of Islamic banks in GCC countries. Especially, the authors find evidence that managerial-specific education is negatively associated with the inefficiency term. The coefficient of the Sharīʿah scholar’s variable has a positive sign indicating that the more there are Sharīʿah experts, the more the bank is efficient. In addition, CEOs’ duality seems to have no significant effect on GCC Islamic banks’ efficiency. Practical implications GCC Islamic banks need to improve the presence of independent members on the board of directors. In addition, these banks are invited to count more on Sharīʿah auditors and educated staff characterized by a high level of competency in the domain of Islamic banking and finance. Originality/value To the best of the authors’ knowledge, this is the first study that highlights the effect of managerial-specific education in Islamic accounting and finance and scarcity of Sharīʿah scholars on Islamic banks’ efficiency.

show abstract

“…When the CEO plays double role as chair of the board in addition to CEOs, in this case we can say that there is a role duality (Haniffa and Cooke, 2002) so many studies supporting the duality and argue that when the CEO play a double role so many obstacles can be reduced, and this situation will be so benefited to firm value (Rechner and Dalton, 1991;Mohamed and Jarboui, 2016). According to Haniffa and Cooke (2002), the separation of the board of directors on the CEO will give more independence to chair board for monitoring and controlling the chief executive.…”

Section: Dualitymentioning

confidence: 99%

On the influence of the board’s financial education on voluntary disclosure: Evidence from Saudi Arabia

Sweiti

2017

Int. j. adv. appl. sci

View full text Add to dashboard Cite

Do Corporate Governance Mechanisms Affect Public Transport Firm Value?

Cited by 7 publications

References 29 publications

Analyzing Corporate Governance Model with Chinese Characteristics and Accounting Information Disclosure: a Quasi-natural Experimental Study Based on a Special Institutional Arrangement

Analyzing Corporate Governance Model with Chinese Characteristics and Accounting Information Disclosure: a Quasi-natural Experimental Study Based on a Special Institutional Arrangement

Determinants of technical efficiency of Islamic banks in GCC countries

On the influence of the board’s financial education on voluntary disclosure: Evidence from Saudi Arabia

Contact Info

Product

Resources

About