Is corporate governance a good predictor of SMEs financial performance? Evidence from developing countries (the case of Lebanon)

Nasrallah, Nohade; Khoury, Rim El

doi:10.1080/20430795.2021.1874213

Cited by 72 publications

(57 citation statements)

References 99 publications

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“…The concentration of ownership, in general, is associated with poorer FP (Shan and McIver, 2011). Nonetheless, other studies point to positive relationships (Xu and Wang, 1999;Nasrallah and El Khoury, 2021), for instance between ownership concentration and FP. Good internal GPs enable coping with economic and financial shocks (Nasrallah and El Khoury, 2021).…”

Section: Evidence Frommentioning

confidence: 91%

“…Nonetheless, other studies point to positive relationships (Xu and Wang, 1999;Nasrallah and El Khoury, 2021), for instance between ownership concentration and FP. Good internal GPs enable coping with economic and financial shocks (Nasrallah and El Khoury, 2021). In addition, higher insider ownership can lower agency costs and thus results in better firm performance (Xu and Wang, 1999;Shan, 2019).…”

Section: Evidence Frommentioning

confidence: 97%

“…Interesting research gaps concerning ESG relationships remain unresolved. The relationship between ESG and effects on financial performance (FP) is still controversial, a matter for further inquiry (Nasrallah and El Khoury, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Do sustainability practices influence financial performance? Evidence from the Nordic financial industry

Rahi

Akter

Johansson

2021

ARJ

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Purpose The purpose of this study is to explore the impact of sustainability (environmental, social and governance or ESG) practices on the financial performance (FP) of the Nordic financial industry. Design/methodology/approach The study covers a sample selection of observations for a total of 152 firm-years for 39 financial companies within the Nordic region (Sweden, Denmark, Finland and Norway) for the business years including 2015–2019. Data regarding ESG and FP indicators were extracted from the Thomson Reuters Eikon database in July 2020. This is a quantitative study using regression and a generalized method of moments. Findings Using static and dynamic estimators, the authors found both positive and negative impacts of sustainability practice on FP. The authors identified a negative relationship between ESG practices and FP (return on invested capital, return on equity and earnings per share). The authors identified a positive relationship between governance and return on assets. Originality/value A key contribution to the accounting literature is the finding that there is a risk for financial firms in adopting sustainability practices, as they follow a logic that contradicts the purely economic rationale. On the other hand, the positive relationship between governance and FP helps not only companies but also regulators and researchers to understand the positive impact of a good governance structure.

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Section: Evidence Frommentioning

confidence: 91%

Section: Evidence Frommentioning

confidence: 97%

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Do sustainability practices influence financial performance? Evidence from the Nordic financial industry

Rahi

Akter

Johansson

2021

ARJ

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“…The worldwide governance indicators are thus too imprecise to provide a clear comparison of governance over time or across nations. Despite the criticisms of these indicators, however, they have change and improved the economic growth of many nations, with the participation of minorities in implementing the rule of law and the new political stability of some nations having attracted numerous investors and forester economic growth (Wohlmuth, K., 2014;Hamdan et al, 2019;Hamdan, 2020;Al-Qudah et al, 2021;Nasrallah and El Khoury, 2021).…”

Section: Performance In the World Governance Indicatorsmentioning

confidence: 99%

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

Al-Naser¹,

Hamdan²

2021

Economics &Amp; Sociology

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This study aims to examine how public governance impacts and affects economic growth in the Gulf Cooperation Council (GCC) which was established on 25th May 1981 and is active till to date, and whether public governance indicators significantly influence the economic growth of these countries. The study's sample includes the six GCC countries in the period of 1996-2019. The study model tests the effects of the independent variables of public governance which are the worldwide governance indicators on the dependent variables of economic growth which are the Gross Domestic Product (annual GDP growth in %), GDP per capita growth (annual in %) and GDP current US$) using a multiple regression model (the fixed effect approach). In this study, only four worldwide governance indicators were selected: the control of corruption, government effectiveness, regulatory quality, and the rule of law. Furthermore, this impact was examined using several control variables, including labor force, working capital, oil price, inflation rate, population, and Human Development Index. The data on dependent and independent variables was collected from the World Bank official website. It is found that the control of corruption and the rule of law have a positive, statistically insignificant impact on economic growth, moreover, government effectiveness and regulatory quality have positive, statistically significant impact on economic growth. The control variable's results concern the labor force, working capital, oil price, inflation rate, population and Human Development Index explained further in the study.

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“…The relationship between ESG and the impact on financial performance remains controversial [69]. Many researchers today raise the question of how the consistency of environmental, social and governance (ESG) aspects affects the company's performance, in particular the relationship between ESG performance and economic performance (EP) [70].…”

Section: Economic Indicatorsmentioning

confidence: 99%

Basic Principles (Indicators) for Assessing the Technical and Economic Potential of Developing Arctic Offshore Oil and Gas Fields

Stroykov

Vasilev

Zhukov

2021

JMSE

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Sustainable development of the Arctic is the main priority of the state policy regarding regional development of the Russian Federation. The study of the Arctic zone of the Russian Federation for the formation of principles, methods and strategies, as well as organizational and economic mechanisms for its sustainable development is topical at present. This article deals with one of the strategic decision-making tools used in the process of implementing the development program for the Russian Arctic, namely, the assessment of the technical and economic potential of the Arctic fields. The purpose of this assessment is to rank the fields according to the priority of their commissioning for a more optimal distribution of costs in the development of Arctic resources. This paper presents the results and methodology of technical and economic potential estimation in general, and the potential of the Arctic oil and gas fields in particular. An analysis of the conceptual apparatus in the field of the evaluation of various types of potential is carried out. The methodology for assessing the technical and economic potential of a field are investigated. The problems arising in the process of such an assessment are revealed. Recommendations for improving the methodology of assessing the technical and economic potential of oil and gas fields in the Arctic are given. The necessity of expanding the list of indicators for assessing the technical and economic potential of these fields, taking into account current trends, has been noted. A list of 10 technical and 26 economic indicators to assess the technical and economic potential of the development of offshore Arctic fields is proposed.

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Is corporate governance a good predictor of SMEs financial performance? Evidence from developing countries (the case of Lebanon)

Cited by 72 publications

References 99 publications

Do sustainability practices influence financial performance? Evidence from the Nordic financial industry

Do sustainability practices influence financial performance? Evidence from the Nordic financial industry

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

Basic Principles (Indicators) for Assessing the Technical and Economic Potential of Developing Arctic Offshore Oil and Gas Fields

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