Expropriation by the controlling shareholders on firm value in the context of Indonesia: corporate governance as moderating variable

Widyaningsih, Ika Utami; Gunardi, Ardi; Rossi, Matteo; Rahmawati, Rahmawati

doi:10.1504/ijmfa.2017.089062

Cited by 29 publications

(25 citation statements)

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“…Stakeholders treated well tend to reciprocate with positive attitudes and behaviours towards a company, such as sharing valuable information (all stakeholders), buying more products or services (customers), providing tax breaks or other incentives (communities), providing better financial terms (financiers), buying more stock (shareholders) or working hard and remaining loyal to the organisation, even during difficult times (employees) [14,27]. In this regard, the essence of stakeholder theory lies in balancing diverse interests of various stakeholders of a firm in order to optimise the process of value creation [13].…”

Section: Theoretical Perspectives Of Corporate Social Responsibility mentioning

confidence: 99%

“…In viewing CSR as integral to strategic decision making for value creation, one of the essential components is effective management of stakeholders. For example, corporate governance, which is a critical aspect of CSR in the relationship with the owners and shareholders, was proved to contribute to firm value significantly [14]. Furthermore, among various stakeholders, consumers are one of the first layers or primary groups to be considered.…”

Section: Introductionmentioning

confidence: 99%

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Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

Nguyen

et al. 2019

Sustainability

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Corporate social responsibility (CSR) has been receiving increasing attention in the international community since the Sustainable Development Goals (SDGs) emphasise effective corporate partnership. CSR is one of the most critical instruments linking corporate activities to the SDGs. Among various stakeholders, consumers can play an essential role in motivating companies to become socially responsible. However, there is little evidence from developing countries about the linkage between CSR and consumers. This paper, therefore, examines the relationship between consumers' perception of a company's CSR practices and their attitudes towards and intentions on purchasing its goods with empirical evidence from the Vietnamese food industry. The primary data was collected from 622 consumers using processed food in a self-administered survey in Northern Vietnam. Based on the structural equation modelling (SEM) analysis, this study shows that perception of CSR toward community has the most substantial influence on consumers' attitude, followed by the perception of CSR toward employees and perception of fair operating practices responsibility. Although Vietnamese consumers have knowledge of the CSR in the food processing industry, their response to either good or bad CSR practices is still insufficient. Hence, the Vietnamese government and civil society should actively intervene to strengthen CSR regulations and enhance consumers' CSR awareness.

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Section: Theoretical Perspectives Of Corporate Social Responsibility mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

Nguyen

et al. 2019

Sustainability

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“…In their influential work, Rossi et al [20] highlighted that corporate characteristics as a subcomponent of corporate governance can shape financial decisions and activities of firms. On the other hand, corporate governance ensures that counterproductive actions and activities of individuals are detected and subsequently prevented [21]. For instance, corporate governance ensures voluntary financial disclosure [22] and boosts competitive advantage, and competitive advantage is best harvested via data and/or knowledge management.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Sustainable Knowledge Creation and Corporate Outcomes: Does Corporate Data Governance Matter?

Abueed

Ağa

2019

Sustainability

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It has been recognized that data curation and governance can equip firms with the capability to generate sustainable knowledge. However, the antecedent and consequences of sustainable knowledge creation have not been systematically explored. The model in this study describes how sustainable knowledge creation enhances corporate information transparency, innovation, and financial and market performance. In addition, we also show how corporate data governance fosters sustainable knowledge creation among corporations listed in the Amman Stock exchange. Using survey data from (n = 180) publicly listed corporations and a judgmental sampling technique, we applied partial least squares structural equation modeling (PLS–SEM). Results from PLS–SEM show that corporate data governance is a predictor for sustainable knowledge creation, and sustainable knowledge creation is also a predictor for corporate information transparency and innovative, financial, and market performance. The study offers guidelines for corporate managers to effectively manage and use corporate data responsibly to attain sustainable knowledge creation which in turn results in greater corporate performance and desired outcomes. Implications for practice and theory are discussed.

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“…The board of directors should be a competent corporate body fully responsible for the maintenance of the Company for its interest in accordance with the purposes and objectives of the Company and to represent the Company both inside and outside the court in accordance with the provisions of the articles of association. The board of commissioners is the Company's organ that performs the general and/or specific supervision in accordance with the articles of association and gives advice to the board of directors (Widyaningsih et al, 2017).…”

Section: Family Ownership and Earnings Management In Indonesiamentioning

confidence: 99%

Controlling generation of family firms and earnings management in Indonesia: The role of accounting experts of audit committees

Suprianto¹,

Rahmawati²,

Setiawan³

et al. 2019

Journal of International Studies

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This study aims to identify whether the controlling generation (founder vs. descendant) of family companies in Indonesia affects earnings management and analyze the role of accounting experts of audit committees in minimizing the implementation of earnings management. A total of 258 samples are collected from manufacturing group companies listed in the 2012-2017 Indonesian stock exchange. A modified Jones model is used as a proxy for earnings management. Results reveal that controlling by the first generation negatively affects earnings management. Trend analysis results also show that family companies owned and managed by the first generation via earnings management remain stable for 6 consecutive years compared with that of family group companies owned and managed by the second generation. Accounting experts of audit committees negatively influence earnings management in family firms.

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Expropriation by the controlling shareholders on firm value in the context of Indonesia: corporate governance as moderating variable

Cited by 29 publications

References 0 publications

Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

Sustainable Knowledge Creation and Corporate Outcomes: Does Corporate Data Governance Matter?

Controlling generation of family firms and earnings management in Indonesia: The role of accounting experts of audit committees

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