Shareholdership, Stakeholdership and the Modern Global Business Environment: A Survey of the Literature

Nwanji, T. I.; Howell, Kerry E.

doi:10.1177/02601079x07001800406

Cited by 16 publications

(13 citation statements)

References 20 publications

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“…that the irregularity of information disturbs the firm"s (in this case the bank"s) value which affects the wealth bank"s shareholders (Hennart, 1982;Nwanji & Howell, 2007b;Salazer, et al, 2012;Aigner et al 2013;Cyree & Morris, 2018;Wong, 2012;Qureshi et al, 2015). The factors that lead to a higher cost of capital include a lack of relevant information on the value of capital available to investors at the time of the investment (Wong, 2012;Qureshi et al, 2015).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Impact of Foreign Direct Investment on the Financial Performance of Listed Deposit Banks in Nigeria

Nwanji¹,

Howell²,

Faye³

et al. 2020

IJFR

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In this study, we examine the impact of foreign direct investment (FDI) on the financial performance of Nigerian listed deposit banks. We collected secondary data from the annual reports and accounts of 14 banks between 2010 and 2017. We employed the Tobin Q quantitative method for the analysis. We adopted the theoretical framework of pecking order theory since the analysis of the impact of FDI on the financial performance of these banks are both inward and outward FDI. The Tobin Q method was used as the dependent variable and FDI as an independent variable. Board size, firm size, equity capital and reinvested earnings were all financial performance indicators employed to test the impact of FDI on the financial performance of the banks on understudy in Nigeria. The result of the data analysis and findings showed that FDI had contributed positively to the development and performance of the deposit banks over the period under consideration. Our theoretical findings suggest a positive relationship between FDI and profit maximization. This support the FDI theory that banks or organisations are financed partly with debt-equity, both used by the banks to balance the cost and benefit financing decisions by the management. In the case of the empirical findings, the results of hypothesis testing show a significant effect on the banks’ financial performances. Given these results, we conclude that FDI has made a positive impact on the development and financial performances of the listed deposit banks under study which resulted in some of the banks’ growth from local banks in Nigeria into some of the leading international banks in Africa.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Impact of Foreign Direct Investment on the Financial Performance of Listed Deposit Banks in Nigeria

Nwanji¹,

Howell²,

Faye³

et al. 2020

IJFR

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“…Teori kedua adalah Teori Stakeholder yang mengasumsikan bahwa eksistensi perusahaan ditentukan oleh para stakeholdersnya (Devina, 2004). Teori stakeholder juga memberikan analisis tentang siapa kelompok yang menjadi penerima untuk tindakan CSR, dan penekanan pada pertemuan kebutuhan dan harapan dari kelompok stakeholders yang lebih luas (Nwanji, T. I., & Howell, 2007). Teori stakeholder secara eksplisit mempertimbangkan pengaruh harapan berbagai kelompok stakeholders yang berbeda dalam masyarakat terhadap kebijakan pengungkapan yang dimiliki perusahaan.…”

Section: Telaah Literatur Dan Kajian Pustakaunclassified

Pengaruh Kinerja Lingkungan, Corporate Governance Pada Pengungkapan Corporate Social Responsibility

Putu

2020

wmbj

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his research examines the influence of environmental performance, institutional ownership, managerial ownership of corporate social responsibility disclosures by using mining companies incorporated in the Indonesia Stock Exchange (IDX) and also listed in PROPER. The sample meets the criteria of research is as much as 55 samples during the period of 2014-2018. The Data available is then processed using multiple regression analysis techniques. The results of the research were seen from the test value of T test that has been done and resulted in significant value that has been shown that environmental performance has an influence on CSR disclosure. Significant results are also obtained in managerial performance variables stating this variable affects CSR disclosures. While the institutional ownership variables have a significant value greater than 0.05 resulting from the outcome, institutional ownership is stated to have no effect on CSR disclosures. Keywords: environmental performance, institutional ownership, managerial ownership and corporate social responsibility disclosure

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“…The four major corporate governance models are outlined below to illustrate the effects of each model about the shareholdership and stakeholdership models of corporate governance. (Fera, 1997;Abor, 2007;Nwanji and Howell, 2007b;Roy, 2015;Mitlak, 2016;Patel, 2018;) i. The Principal-Agent or Finance Model, (Jensen and Meckling, 1976;Manne, 1965), states that the purpose of the corporation is the maximisation of shareholders profits, as the shareholders are the owners of the corporations and bear the highest risks.…”

Section: Theoretical Framework On Corporate Governancementioning

confidence: 99%

Assessment of the Effectiveness of Ethical Corporate Governance in Corporate Decision-Making: A Grounded Theory Approach

Nwanji

Howell²,

Faye³

et al. 2019

ABR

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The article focused on the effectiveness of ethical corporate governance in decision making by the board of directors of top listed companies. Through the application of grounded theory approach in analysing data collected via the survey questionnaire, a substantive theory of ethical corporate governance is developed. The substantive theory developed is based on the shareholdership model of empowerment to create wealth and stakeholdership model of expectation to shared values. In term of ethical corporate governance, through organisations code of conduct and corporate social responsibility policies, companies can reach out to their broader stakeholdership groups through engagement with stakeholders. Such engagement is ongoing with shareholdership groups through boards' accountability to shareholders-the finding from this study further our understanding of ethical corporate governance issues.

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Shareholdership, Stakeholdership and the Modern Global Business Environment: A Survey of the Literature

Cited by 16 publications

References 20 publications

Impact of Foreign Direct Investment on the Financial Performance of Listed Deposit Banks in Nigeria

Impact of Foreign Direct Investment on the Financial Performance of Listed Deposit Banks in Nigeria

Pengaruh Kinerja Lingkungan, Corporate Governance Pada Pengungkapan Corporate Social Responsibility

Assessment of the Effectiveness of Ethical Corporate Governance in Corporate Decision-Making: A Grounded Theory Approach

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