Does Sustainable Corporate Governance Enhance Accounting Practice? Evidence from the Korean Market

Choi, Daeheon; Choi, Paul Moon Sub; Choi, Joung Hwa; Chung, Chune Young

doi:10.3390/su12072585

Cited by 7 publications

(7 citation statements)

References 70 publications

(112 reference statements)

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“…Organizations and society both need sustainable corporate governance (SCG). It can improve/ augment the trust and confidence of shareholders in an organization's corporate leaders (Choi et al, 2020). In accordance with the corporate governance codes, organisations' leaders include ARC, NRC, EM and BOD.…”

Section: Sustainable Corporate Governancementioning

confidence: 99%

Organizational Corruption Prevention, Internal Audit, and Sustainable Corporate Governance: Evidence from Omani Public Listed Companies

Rehman

2022

IJSSER

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Purpose of the study: The purpose of this study is to analyze the impact of fraud risk assessment (FRA) and internal audit activity (IA) on sustainable corporate governance within Omani publicly listed companies in the context of the Fraud triangle, Institutional theory, and Agency theory. This study also explores whether or not IA plays a mediation role between FRA and SCG. For this study, FRA and IA is the independent variable, and SCG is the dependent variable. IA in this study is also presented as a mediator variable. FRA is the internal control necessary to mitigate fraud risk, IA is the control activity available within the organization, and SCG is the governance mechanism for the organization. Methodology: Descriptive cross-sectional survey design is utilized. The web-based application collects data, and Partial Least Square – Structural Equation Modelling tool (PLS-SEM) is applied for data analysis. Main Findings: The result implies that IA has a significant direct relationship with SCG and mediates the relationship between FRA and SCG; however, FRA does not have a significant relationship with SCG. Research limitations/ implications: This study is conducted in the Omani market and only for publicly listed companies. Future research can be extended to other Gulf countries and utilise private companies' data. This study is helpful for the regulators and policymakers who can amend the codes and policies and develop related frameworks. Novelty/ Originality of this study: To the best of the researcher's knowledge, only a few studies have been conducted that link the FRA to IA and SCG. This research contributes to the existing body of knowledge. It can be used to amend corporate governance codes and organisational governance policies by introducing SCG clauses/regulations and requiring FRA in governance management policies.

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Section: Sustainable Corporate Governancementioning

confidence: 99%

Organizational Corruption Prevention, Internal Audit, and Sustainable Corporate Governance: Evidence from Omani Public Listed Companies

Rehman

2022

IJSSER

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“…Sustainable corporate governance (SCG) is not only important for organizations, but can also be considered as essential for society. SCG can enhance the shareholder's trust and confidence in organizational corporate leaders (Choi et al 2020) such as BOD, ARC, NRC, and EM. Regulations and laws are designed to protect shareholders and societies from fraud and controls are developed to prevent these frauds from occurring or reoccurring.…”

Section: Sustainable Corporate Governancementioning

confidence: 99%

“…Risk Financial Manag. 2021, 14, x FOR PEER REVIEW (Choi et al 2020) Choi, Daeheon, Paul Moon Sub Choi, Joung Hwa Choi, and Chune Young Chung. 2020…”

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confidence: 99%

Can Sustainable Corporate Governance Enhance Internal Audit Function? Evidence from Omani Public Listed Companies

Rehman

2021

JRFM

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With the application of the agency theory and institutional theory, this study is intended towards the measurement of sustainable corporate governance (SCG) impact on internal audit function (IA) within Omani public listed companies. This study will also theoretically consider the Chinese investment in Oman and its potential impact on Oman’s corporate governance. For this study, SCG is an independent variable and IA is the dependent variable. This study used a descriptive cross-sectional survey design. Data is collected by an internet-based tool and analyzed via PLS-SEM and SPSS. Result suggests that SCG has a significant and direct relationship with IA. In order to attract and sustain Chinese investment and to achieve SCG, this study can assist regulators, professional bodies, and organizations in amending their codes of corporate governance and organizational policies by introducing SCG clauses into their policies and codes with emphasis on the protection of foreign investors. To the best of the knowledge of the researcher, this study is unique, as previous studies demonstrate the IA on SCG, whereas this study emphasizes that SCG can impact the control functions within organizations that also include IA.

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“…The financial safety net and too-big-to-fail guarantees in thinking about corporate governance reforms at the bank (Anginer, et al, 2018). Mutlu et al (2018) find a relationship between corporate performance and good corporate governance in China as corporate sustainability continues to improve and enhance the principles of good corporate governance (Choi et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance Principles in Sovereign Wealth Fund: The Case of Indonesia Sovereign Wealth Fund

Johan

2022

The Winners

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The research aimed to determine the application of corporate governance principles for the Indonesian Sovereign Wealth Fund (ISWF) consisting of the Supervisory Board and the Board of Directors which had different functions. The research applied a normative juridical research method. The research concludes that the government needs to review the implementation of the principles of institutional corporate governance in the ISWF. The principles of corporate governance need to be rearranged, mainly the functions and powers of the Supervisory Board and the definition of the authority of the Board of Directors. It is considered that the research has its particular limitation as the discussion is based only on two laws and one corporate governance manual. It is suggested that further research have more development by comparing corporate governance in other countries.

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Does Sustainable Corporate Governance Enhance Accounting Practice? Evidence from the Korean Market

Cited by 7 publications

References 70 publications

Organizational Corruption Prevention, Internal Audit, and Sustainable Corporate Governance: Evidence from Omani Public Listed Companies

Organizational Corruption Prevention, Internal Audit, and Sustainable Corporate Governance: Evidence from Omani Public Listed Companies

Can Sustainable Corporate Governance Enhance Internal Audit Function? Evidence from Omani Public Listed Companies

Corporate Governance Principles in Sovereign Wealth Fund: The Case of Indonesia Sovereign Wealth Fund

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