Review of corporate governance bundle

Al-Baidhani, Ahmed Mohsen

doi:10.22495/cocv11i4c2p1

Cited by 9 publications

(6 citation statements)

References 16 publications

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“…Staikouras et al (2007) have examined the South Eastern European (SEE) banking industry over the period 1998-2003 and reveal a positive and significant relationship. Ahmed Mohsen Al-Baidhani (2015) in his study on Islamic banks, in Yemen, along with six GCC countries, has revealed a positive and significant impact of age on ROE confirming the learning curve principle, which suggests that banks become proficient from their past experiences. Higher ROE of older banks may be the result of bank age and the market share, as well as the longer custom and good reputation enjoyed during the course of time.…”

Section: Bank-specific Determinantsmentioning

confidence: 85%

Ownership, bank size, capitalization and bank performance: Evidence from India

Gupta

Mahakud

2020

Cogent Economics & Finance

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This study focuses on assessing the role of various bank-specific, industry-specific and macroeconomic determinants in Indian commercial banks performance. Performance of the Indian banks has been measured by Return on Assets (ROA), Return on Equity (ROE) and Net Interest Margin (NIM) and Pre-provision profit ratio. The study analyses impact of various bank-specific factors like bank size, capital ratio, risk, cost to income ratio, funding cost, revenue diversification, labour productivity and bank age on bank performance. It also tries to assess the relationship between various bank-specific and industry-specific variables like bank concentration, inflation rate and GDP growth rate with bank performance. Fixed effects estimation model and Generalized Method of Moments (GMM) have been used on a panel data of 19 years for 64 commercial banks of India. The findings reveal that private sector banks are more profitable than the public sector banks.ABOUT THE AUTHORS Neeraj Gupta has completed Ph.D.

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Section: Bank-specific Determinantsmentioning

confidence: 85%

Ownership, bank size, capitalization and bank performance: Evidence from India

Gupta

Mahakud

2020

Cogent Economics & Finance

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“…Sendo que elementos como separação de propriedade e controle (Brickley & Zimmerman, 2010;Claessens & Yuroglu, 2013;Daily et al, 2003;Denis, 2001;Larcker et al, 2007;Short, Keasey, Wright, Hull, & Nakajima, 1999) e problema de agência (Agrawal & Knoeber, 1996;Beiner, Drobetz, Schmid, & Zimmermann, 2006;Brickley & Zimmerman, 2010;Filatotchev & Allcock, 2010, Hart, 1995Ho, 2005;Mayer, 1998), são inerentes quando a definição tem o viés da Teoria da Agência, baseada em accountability para o acionista, no intuito de melhorar o desempenho. À medida que características como direitos e responsabilidades, estrutura da corporação e envolvimento de outros stakeholders (Aguilera & Jackson, 2010;Al-Baidhani, 2014;Beasley, 1996;Brickley & Zimmerman, 2010;Christopher, 2011;Davis, 2005;Filatotchev & Allcock, 2010;Filatotchev & Boyd, 2009;Gillan, 2006;Hart, 1995;Ho, 2005;Huse, 2005;Larcker et al, 2007;L'Huillier, 2014), são provenientes de outras perspectivas teóricas. Da mesma forma, ao se analisar GC como função de interação entre stakeholders e função stewardship (Agrawal & Knoeber, 1996;Aguilera, et al, 2015;Aguilera & Jackson, 2010;Ahrens et al, 2011;Al-Baidhani, 2014;Beasley, 1996;Beiner, et al, 2006;Brickley & Zimmerman, 2010;Claessens & Yurtoglu, 2013;…”

Section: Governança Corporativaunclassified

“…À medida que características como direitos e responsabilidades, estrutura da corporação e envolvimento de outros stakeholders (Aguilera & Jackson, 2010;Al-Baidhani, 2014;Beasley, 1996;Brickley & Zimmerman, 2010;Christopher, 2011;Davis, 2005;Filatotchev & Allcock, 2010;Filatotchev & Boyd, 2009;Gillan, 2006;Hart, 1995;Ho, 2005;Huse, 2005;Larcker et al, 2007;L'Huillier, 2014), são provenientes de outras perspectivas teóricas. Da mesma forma, ao se analisar GC como função de interação entre stakeholders e função stewardship (Agrawal & Knoeber, 1996;Aguilera, et al, 2015;Aguilera & Jackson, 2010;Ahrens et al, 2011;Al-Baidhani, 2014;Beasley, 1996;Beiner, et al, 2006;Brickley & Zimmerman, 2010;Claessens & Yurtoglu, 2013;Daily et al, 2003;Davis, 2005;Denis, 2001;Ho, 2005;Filatotchev & Allcock, 2010;Filatotchev & Boyd, 2009;Filatotchev & Nakajima, 2010;Gaur, Bathula, & Singh, 2015;L'Huillier, 2014;Mayer, 1998;Tsipouri & Xanthakis, 2004;Turnbull, 1997;).…”

Section: Governança Corporativaunclassified

“…A visão de direitos e responsabilidades dos envolvidos é oriunda da Teoria dos Stakeholders. Essa perspectiva implica em mecanismos que assegurem que os gestores respeitam os interesses e direitos dos stakeholders da empresa, da mesma forma que garantam que os stakeholders atuem com responsabilidade em relação à proteção, geração e distribuição da riqueza investida na empresa (Aguilera & Jackson, 2003;Al-Baidhani, 2014). O elemento accountability, para minimizar os riscos do acionista, assegurar seus benefícios e auxiliar a gestão, de modo que se tenha um beneficio com o crescimento da empresa, é uma perspectiva pouco explorada empiricamente (Ahrens et al, 2011;Filatotchev & Boyd, 2009).…”

Section: Figura 4 Características Da Gcunclassified

“…Em resposta, diversos países aderiram a regras mais rígidas no que tange ao controle de propriedade, comitês, auditoria independente e responsabilização da gestão no intuito de restabelecer a confiabilidade das informações publicadas. Para tanto, torna-se necessário reconsiderar os modelos e mecanismos relacionados à minimização dos problemas oriundos da assimetria de informação (Al-Baidhani, 2014;Christopher, 2010;Filatotchev & Boyd, 2009;L'Huillier, 2014).…”

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Para Onde Estamos Caminhando? Uma Análise das Pesquisas em Governança Corporativa

Kreuzberg

Vicente

2019

Rev. adm. contemp.

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Resumo A Governança Corporativa tornou-se um dos temas mais discutidos no mundo dos negócios com grande impacto acadêmico e prático. A pesquisa objetiva identificar, a partir da análise da literatura, o desenvolvimento da temática e as oportunidades de pesquisa. A partir da análise de 31 artigos teóricos e 59 artigos empíricos identificaram-se oportunidades de pesquisa dentro de uma abordagem interpretativista e crítica com vistas a orientar estudos em distintos contextos e particularidades. Também foi observada a predominância da Teoria da Agência, todavia com limitada investigação dos conflitos entre acionistas, e entre credores e gestão. As oportunidades de pesquisas voltam-se à compreensão de fenômenos pela análise interligada da Teoria da Agência, Teoria dos Stakeholders, Stewardship e Dependência de Recursos. Foi possível evidenciar, por meio da literatura, que a análise dos mecanismos internos e externos de maneira complementar fornece maiores subsídios às investigações. A pesquisa contribuiu para geração de conhecimento, ao apresentar de maneira sistematizada as principais características dos pesquisadores de GC, os aspectos conceituais e teóricos da área, além de apresentar às potencialidades para futuras pesquisas, quanto à abordagem, teoria e mecanismos de governança corporativa.

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Corporate governance in Kuwait: joining the dots between regulatory reform, organisational change in boards and audit committees and firm market and accounting performance

Alajmi

Worthington

2023

JFRA

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Purpose This study aims to examine the link between boards and audit committees and firm performance in Kuwaiti listed firms in the context of recent and extensive corporate governance regulatory reform. Design/methodology/approach Panel data regression analysis with fixed effects and clustered standard errors of firm performance for 61–97 listed industrial and services firms in Kuwait over a seven-year period. The dependent variables are the returns on assets and equity, the debt-to-equity ratio and leverage and Tobin’s Q and the independent variables comprise board of directors and audit committee characteristics, including size, the number of meetings and the numbers of independent and outside board and expert committee members. Firm size, subsidiary status and cash flow serve as control variables. Findings Mixed results with respect to the characteristics of the board of directors. Board size and independent and outsider board members positively relate only to Tobin’s Q and insiders only to debt to equity. For audit committee characteristics, committee size, independence and expertise positively relate to the return on equity and committee size and expertise only to Tobin’s Q. Of the five performance measures considered, board and audit committee characteristics together best determine Tobin’s Q. Research limitations/implications Data from a single country limits generalisability and control variables necessarily limited in a developing market context. Need for qualitative insights into corporate governance reform as a complement to conventional quantitative analysis. In combining accounting and market information, Tobin’s Q appears best able to recognise the performance benefits of good corporate governance in terms of internal organisational change. Practical implications The recent corporate governance code and guidelines reforms exert a mixed impact on firm performance, with audit committees, not boards, of most influence. But recent reforms implied most change to boards of directors. One suggestion is that non-market reform may have been unneeded given existing market pressure on listed firms and firms anticipating regulatory change. Social implications Kuwait’s corporate governance reforms codified corporate governance practices already in place among many of its firms in pursuit of organisational legitimacy, and while invoking substantial change to audit committees, involved minor change to firm performance, at least in the short term. Some firms may also have delisted in expectation of stronger corporate governance requirements. Regardless, these direct and indirect processes both improved the overall quality of listed firm corporate governance and performance in Kuwait. Originality/value Seminal analysis of corporate governance reforms in Kuwait, which have rapidly progressed from no corporate governance code and guidelines to an initially voluntary and then compulsory regime. Only known analysis to incorporate both board of directors and audit committee characteristics. Reveals studies of the corporate governance–firm performance relationship may face difficulty in model specification, and empirical significance, given the complexity of corporate governance codes and guidelines, leads in changing firm behaviour and self-selection of firms into and out of regulated markets.

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Review of corporate governance bundle

Cited by 9 publications

References 16 publications

Ownership, bank size, capitalization and bank performance: Evidence from India

Ownership, bank size, capitalization and bank performance: Evidence from India

Para Onde Estamos Caminhando? Uma Análise das Pesquisas em Governança Corporativa

Corporate governance in Kuwait: joining the dots between regulatory reform, organisational change in boards and audit committees and firm market and accounting performance

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