Financially Qualified Members in an Upper Echelon and Their Relationship with Corporate Sustainability: Evidence from an Emerging Economy

Banbhan, Ashfaque Ali; Cheng, Xinsheng; Din, Nizam Ud

doi:10.3390/su10124697

Cited by 7 publications

(7 citation statements)

References 124 publications

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“…Therefore, IFRS can hinder measurement of managers' performance according to accounting data. We presume that lack of influence of CEO ownership on IFRS adoption maybe associated with CEO ownership structure rather than fact the CEO is a shareholder (Banbhan et al, 2018).…”

Section: Discussionmentioning

confidence: 99%

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Kędzior

Cygańska

Syrrakos

2020

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The paper examines the determinants of voluntary International Financial Reporting Standards (IFRS) adoption in Poland. In doing so, it empirically confirms the impact of diverse CEO and supervisory board characteristics on voluntary IFRS adoption. The paper focuses on 446 publicly traded production companies from Poland. The analysis is based on logistic regression analysis. The empirical investigation confirms the impact on voluntary IFRS adoption of such factors as company size, international investors, international supervisory board, number of supervisory board members, CEO nationality. The paper contributes to the assessment of voluntary IFRS adoption determinants, by presenting for the first time CEO and supervisory board characteristics and their impact on voluntary International Financial Reporting Standards (IFRS) adoption, and the determinants of IFRS adoption from Central and Eastern Europe. The paper enhances existing knowledge of voluntary IFRS adoption by incorporating new CEO and supervisory board characteristics, thus closing a gap in the relevant literature. The results of the paper are significant from the supervisor’s perspective, the quality of financial statements and the effectiveness of corporate governance systems.

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Section: Discussionmentioning

confidence: 99%

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Kędzior

Cygańska

Syrrakos

2020

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“…Managerial discretion refers to the degree to which the manager enjoys the freedom in making decisions and implementing them within the organization, so it indicates the actual influence of the manager on goal setting and implementation processes of the organization (Hambrick & Finkelstein, 1987; Ting et al, 2015). Upper‐echelon theory provides insights that higher managerial discretion enables the manager to have a stronger impact on organizational outcomes (Banbhan et al, 2018; Lee et al, 2018). It means when the manager has the higher freedom to make and execute decisions within the organization, then he/she is better able to develop new opportunities, adapt and absorb desired changes, accept challenges, and avail opportunities in order to enhance its contribution toward the economy, environment, and society.…”

Section: Literature Reviewmentioning

confidence: 99%

Responsible leadership and business sustainability: Exploring the role of corporate social responsibility and managerial discretion

Amir

Siddique

Ali

2022

Business and Society Review

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In today's world, businesses are involved in several different initiatives to gain sustainable performance, which can discourse the expectations and demands of society. Emerging economics faces numerous challenges in terms of social, relational, governance, and financial, which made it necessary for firms to perform responsibly in order to make positive contributions toward sustainability. Therefore, this study based on upper-echelon theory constructs a comprehensive framework on responsible leadership, corporate social responsibility, and managerial discretion to provide the guideline for business sustainability. To fulfill the study purpose, an empirical analysis was performed on 382 Pakistani respondents' data by using PLS-SEM through SmartPLS. Outcomes of the study indicated that responsible leadership entails enormous importance in corporations to influence their impact on society, environment, and economy, which leads to business sustainability. Moreover, the study provides insights into that more responsible and experienced leaders are better able to identify the concerns of their firm's stakeholders in the manners of relational, governing, and orientational perspectives, which help them in satisfying the stakeholders' and society's

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“…3.2.1. Dependent variable: F.R.Q Consistent with prior research (Banbhan et al, 2018;Kusnadi et al, 2016 ), accrual quality was used as a proxy for FRQ To measure the relationship between gender in the AC, the efficiency of ICSs and FRQ accrual quality should capture earnings manoeuvring. Therefore, a modified version of John's model (1995) was used to measure FRQ…”

Section: Variablesmentioning

confidence: 99%

Gender diversity in the audit committee and the efficiency of internal control and financial reporting quality

Din

Cheng

Ahmad

et al. 2020

Economic Research-Ekonomska Istraživanja

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This research investigates the relationship between the expertise of female audit committee (AC) chairs and financial reporting quality (FRQ). Also, it examines the moderating effect of the expertise of AC female chairs on the relationships between internal control (ICS), components of ICS, and FRQ This study analyses 302 firms listed on the Pakistan Stock Exchange from 2010 to 2016. Data on ICS, FRQ, and other corporate governance indications are collected manually from annual reports. This study concludes that the accounting expertise of AC female chairs enhances FRQ better than their male counterparts. Also, the accounting expertise of AC female chairs improve corporate governance mechanisms and ICSs (i.e., Control Environment, Control Activities, and information and communication). This research offers implications for shareholders and regulators. The accounting expertise of female AC chairs (WACCH) improve monitoring that enhances shareholder value and investor confidence. The regulator needs to be stricter regarding the requirements for AC chairs.

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Financially Qualified Members in an Upper Echelon and Their Relationship with Corporate Sustainability: Evidence from an Emerging Economy

Cited by 7 publications

References 124 publications

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Determinants of Voluntary International Financial Reporting Standards Adoption in Poland

Responsible leadership and business sustainability: Exploring the role of corporate social responsibility and managerial discretion

Gender diversity in the audit committee and the efficiency of internal control and financial reporting quality

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