Ultimate owner and risk of company performance

Staszkiewicz, Piotr; Szelągowska, Anna

doi:10.1080/1331677x.2019.1678499

Cited by 14 publications

(12 citation statements)

References 68 publications

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“…These implies that companies with higher number of employees and with foreign ownership are more likely to disclose human related information. In addition, these findings are in line with other financial institutions, namely bank disclosure [94] and recent research on the agency issues [95,96] and insurance sector [74]. Ullah et al [74] and Orazalin [94] indicated that ownership is correlated to the extent of corporate social responsibility disclosures in insurance companies.…”

Section: Conclusion and Discussionsupporting

confidence: 79%

Human Resource Disclosures in Corporate Annual Reports of Insurance Companies: A Case of Developing Country

2020

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Employees are key stakeholders for companies to maintain their sustainability. Obtaining and disclosing information related to employees can help companies to manage and evaluate the effectiveness of human resources. This paper investigates human resource disclosures in corporate annual reports of 54 insurance companies in Turkey and identifies the determinants of the disclosure for the period of 2007-2017. For this purpose, human resource disclosures with eight subdimensions as employee health and safety, employment of minorities or women, disabled employee, employee training, employee assistance and benefits, employee remuneration, employee profiles and employee morale were obtained from corporate annual reports by content analysis. The data were statistically tested with correlation analysis and a pooled OLS (Ordinary Least Squares) models to determine the effects of return on assets, return on equity, leverage, firm size, number of employees, age of firm, public listing status, foreign ownership, company type on these disclosures. The results indicate that number of employees, foreign ownership and company type have an effect on the extent of human resource disclosure. Employee training is the most disclosed item among human resource disclosures in corporate reports. It is suggested that companies should improve their reporting and disclosure practices related to human resource development.

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Section: Conclusion and Discussionsupporting

confidence: 79%

Human Resource Disclosures in Corporate Annual Reports of Insurance Companies: A Case of Developing Country

2020

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“…Being a business owner himself, he presents his own experience with reducing business risk caused by a pandemic. Financial performance in time of Covid-19 also varies across firms depending on ultimate owner risk aversion attitudes (Staszkiewicz & Szelągowska, 2019). Methods firms' implement to monitor key risk indicators also proves important in time of pandemic crisis (Peček & Kovačić, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of the COVID-19 crisis on the perception of business risk in the SME segment

Čepel¹,

Gavurová²,

Dvorský³

et al. 2020

Journal of International Studies

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The aim of the study is to evaluate the impact of the COVID-19 crisis on entrepreneurs' attitudes towards the selected business risks in the SME segment. 1502 SMEs took part in the research, while 822 of them provided their responses regarding business risks before the COVID-19 crisis and 680 during the COVID-19 crisis in Czech and Slovak business environment. Market, financial, and personnel risks were considered by Czech SMEs as the three most significant business risks, both before and after the COVID-19 crisis. The statistically confirmed differences in SMEs' attitudes based on the time of providing responses are most apparent in the perception of financial and personnel risks. 35.7% SMEs in Czech Republic and 35.3% in Slovakia considered financial risk as one of the three most significant business risks before the COVID-19 crisis. During the crisis, it changed to 53.6% SMEs in Czech Republic and 59.7% in

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“…Regardless of the type of enterprise, controlling shareholders (principals) are riskneutral (Staszkiewicz & Szelągowska, 2019). They employ competent and experienced professional managers (agents) to reduce the production cost 2 .…”

Section: Enterprise Heterogeneity and Manager Differencesmentioning

confidence: 99%

“…Effective decision-making within the enterprises is a widely discussed area both in practice and in the research community (Staszkiewicz & Szelągowska, 2019). The seminal researches related to enterprise strategic behaviour is mainly based on two theories: the principal-agent theory (Fama & Jensen, 1983) and the market competition theory (An & Yang, 2002;Chaim & Pakes, 2000;Porter, 1983).…”

Section: Introductionmentioning

confidence: 99%

Shareholding structure, private benefit of control and incentive intensity: from the perspective of enterprise strategic behaviour

Zhao

Hua-hua

2020

Economic Research-Ekonomska Istraživanja

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This paper studies theoretically and empirically the relationship among shareholding structure, the private benefit of control and incentive intensity. By integrating the principal-agent theory and the market competition theory into the three-stage dynamic game model, we built the dual principal-agent relationship including both 'shareholder-manager' and 'controlling shareholders-small and medium shareholders'. Empirically, the panel data of 1971 listed enterprises in China from the year 2007 to 2014 are analysed in order to justify the theoretical results by using twoway fixed effect model, dynamic panel model, and threshold regression model. It is shown that for enterprise managers, the higher their ability level and risk aversion, the stronger their incentive intensity will be. However, for shareholders, the private benefit of control and the incentive intensity show a non-linear relationship with the change of ownership concentration.

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Ultimate owner and risk of company performance

Cited by 14 publications

References 68 publications

Human Resource Disclosures in Corporate Annual Reports of Insurance Companies: A Case of Developing Country

Human Resource Disclosures in Corporate Annual Reports of Insurance Companies: A Case of Developing Country

The impact of the COVID-19 crisis on the perception of business risk in the SME segment

Shareholding structure, private benefit of control and incentive intensity: from the perspective of enterprise strategic behaviour

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