Ownership Structure, Financial Discipline, and Value Creation in MENA Leveraged Buyouts| Chapter 3 | New Advances in Business, Management and Economics Vol. 12

 

Leveraged Buyouts (LBOs) and Management Buyouts (MBOs) have garnered increasing interest since the late 1980s, characterised by the acquisition of firms primarily financed through debt. LBOs act as a distinctive external control mechanism. By acquiring firms predominantly through debt financing, LBOs impose financial discipline by limiting managerial discretion over free cash flows, as a substantial portion is allocated to servicing debt obligations. While LBOs are well-documented in developed markets, their applicability and effectiveness in emerging economies, particularly the MENA region, remain insufficiently explored. The primary objective of the study is to explore the impact of ownership structure on the financial performance of Leveraged Buyout (LBO) transactions in the MENA region, a key emerging market region. Drawing on agency theory by Jensen & Meckling and the capital structure theory of Modigliani and Miller, the study investigates how different shareholder configurations, particularly managerial equity participation, influence LBO outcomes. The data for this study were sourced from the CAPITALIQ and Crunchbase platforms, complemented by financial reports published by the target companies. Based on a sample of 233 transactions conducted between 2000 and 2023, the research adopts a quantitative methodology grounded in a hypothetico-deductive approach. The analysis focuses on the interactions between managerial ownership, leverage, target firm size, and operational performance. The descriptive statistics for the variables Management Buyout (MBO), Indebtness, EBITDA/Enterprise Value (EV), Size, and Multiple, derived from a sample of 211 leveraged buyout (LBO) transactions, provide a comprehensive overview of the financial and operational characteristics of the studied firms, shedding light on their post-LBO value creation dynamics. The findings support the agency theory premise that managerial ownership aligns interests and enhances performance, showing a positive relationship between managerial equity stakes and financial outcomes. Conversely, the effect of leverage, central to Modigliani and Miller’s propositions, proves more nuanced, reflecting the region’s unique financial constraints and market imperfections. Firm size, meanwhile, shows no direct correlation with performance improvement. These insights underscore the complex mechanisms behind LBO success in the MENA context and offer practical and theoretical implications, particularly regarding governance practices and institutional frameworks. The study also highlights avenues for future research, including a deeper examination of regional governance dynamics and the moderating role of institutional factors—such as investor protection, financial market maturity, and political stability—to better understand the conditions driving LBO success across different national contexts.

 

 

Author(s) Details

Abir Attahiri
Research Laboratory in Finance, Accounting, Management, and Decision Support Information Systems (LEFCG-SIAD), National School of Business and Management of Settat, Hassan First University of Settat, Settat, 26002, Morocco.

 

Maroua Zineelabidine
Laboratory of Researches in Management and Organizational Sciences, National School of Business and Management, Ibn Tofail University, Kenitra, Morocco.

 

Mohamed Amine FADALI
Laboratory of Studies and Research in Management Science (LERSG), FSJES-Agdal-Mohammed V University, Rabat, 10090, Morocco.

 

Mohamed Makhroute
Research Laboratory in Finance, Accounting, Management, and Decision Support Information Systems (LEFCG-SIAD), National School of Business and Management of Settat, Hassan First University of Settat, Settat, 26002, Morocco.

 

 

Please see the book here :- https://doi.org/10.9734/bpi/nabme/v12/6747

Ethical Leadership and Sustainable Development: Pathways to Organizational and Societal Transformation | Chapter 6 | The Tapestry of Development: Weaving Ethics into a Sustainable Future

 

This study examines the relationship between ethical leadership and sustainable development, with a focus on how leadership characteristics and styles shape organisational sustainability outcomes. It emphasises the role of transparency, long-term vision, and stakeholder inclusivity in driving employee engagement with sustainability goals. Despite increasing global attention on sustainability, weak ethical leadership across industries continues to hinder meaningful progress. Challenges such as short-term profit orientation, greenwashing, disengaged workforces, and missed opportunities for innovation undermine the successful implementation of sustainable development initiatives. A systematic literature review was conducted, guided by a multi-theoretical framework integrating Social Learning Theory, Transformational Leadership Theory, Stakeholder Theory, and Virtue Ethics. Recent academic studies, organisational reports, and policy documents (2020–2025) were critically analysed to identify leadership characteristics, challenges, and strategies relevant to sustainability implementation. This research advances the understanding of ethical leadership as a catalyst for organisational and societal transformation. It offers a conceptual framework that links ethical leadership to employee motivation, organisational trust, and the achievement of sustainability goals, while also highlighting strategies for fostering ethical leadership in practice. The study finds that ethical leadership enhances organisational reputation, fosters employee commitment to sustainability, and builds trust among stakeholders. Transformational and servant leadership styles are particularly effective in motivating pro-sustainability behaviours. However, leaders face persistent tensions between economic performance and ethical responsibility, which often result in short-term compromises. Ethical leadership is essential for achieving sustainable development. By embedding ethical decision-making into organisational culture and aligning stakeholder interests, leaders can balance profitability with social and environmental responsibilities. The study underscores that fostering ethical leadership requires multi-level efforts across organisations, governments, and civil society to ensure a just and sustainable future.

 

 

Author(s) Details

 

John Motsamai Modise
Tshwane University of Technology, South Africa.

 

Please see the book here :- https://doi.org/10.9734/bpi/mono/978-93-88417-39-6/CH6

Advancing Corporate Governance in the Banking Sector in Sri Lanka: Assessing Regulatory Frameworks and Supervisory Roles | Chapter 7 | Contemporary Research in Business, Management and Economics Vol. 6

 

In the aftermath of the civil war in Sri Lanka, the country has witnessed a significant increase in economic development, with the banking sector assuming a pivotal role in financing growth and fostering economic prosperity. This chapter investigates the importance of Corporate Governance (CG) within Sri Lanka's banking sector, recognizing its profound influence on public trust and confidence, essential for ensuring the stability of financial institutions. The chapter critically examines the state of CG development and its implications, focusing on the adequacy of regulatory frameworks provided by key legislative Acts such as the Companies Act, Banking Acts, and Securities Act and other pertinent regulations. It highlights the crucial role of a robust governance culture within the banking sector and emphasizes that banking institutions are crucial for maintaining a healthy economy. The banking industry stands as the cornerstone of Sri Lanka's economy and operates in a highly regulated environment. Banks play a critical role by taking public deposits and facilitating financial transactions for individuals and businesses, thereby contributing significantly to economic stability and growth. Given the country's past economic challenges, establishing solid governance practices within the banking sector is imperative for steering Sri Lanka towards a more resilient and prosperous future. The Central Bank of Sri Lanka (CBSL) emerges as a key player in this narrative, exhibiting continuous improvement in its supervisory capacity. Through the enforcement of stringent measures and the adoption of BASEL principles, the CBSL demonstrates a steadfast commitment to enhancing CG within the banking industry. Additionally, the CBSL has mandated a comprehensive code of CG, stressing the importance of full compliance from banks within a specified timeframe. However, despite these advancements, challenges persist in addressing CG issues within the banking landscape. This study sheds light on the scope, impact, and effectiveness of the supervisory and regulatory oversight of the CBSL, while also highlighting ongoing challenges. By critically evaluating regulatory frameworks and supervisory roles, this chapter aims to contribute to the ongoing discourse on advancing CG in the banking sector in Sri Lanka, ultimately fostering a more stable and resilient financial ecosystem.

 

 

Author(s) Details

W. Indira Nanayakkara

Faculty of Law, University of Colombo, Sri Lanka.

 

 

Please see the book here:- https://doi.org/10.9734/bpi/crbme/v6/8364E

The Value-relevance of Corporate Governance: Evidence from Chinese Corporate Governance Disclosures | Chapter 8 | Contemporary Research in Business, Management and Economics Vol. 9

 

Dassociation between Chinese corporate governance disclosures and financial distress risk, and firm financial and market performance. We use distress prediction models based on financial ratios, stock return volatility, or other firm characteristics including the Corporate Governance in Finance (CGF) Index developed for Chinese firms. We find that the CGF Index is significantly negatively associated with financial distress risk measured by the Zmijewski-score, O-score, and Z-score. We also find that accounting and market performance measures are significantly positively related to the CGF Index. Our analysis of Chinese listed firms reveals that the great variation among firms in their internal governance mechanism in corporate finance has significant economic consequences. CGF measures significantly affect financial distress risk and firm financial and market performance. Finally, for the short-window cumulative abnormal returns (CAR), we find that, around the release of the CGF Index, the CAR of firms with lower scores is significantly negative, while that of firms with higher CGF Index scores is not significant. Our results provide further support for the important role of corporate governance effectiveness in the financial reporting process in emerging markets. Future research should further investigate the effects of CGF disclosures on the earnings quality of Chinese firms.

 

 

Author(s) Details

Zabihollah Rezaee

School of Accountancy, University of Memphis, USA.

Huili Zhang

School of Accountancy, University of Memphis, USA.

Huan Dou

School of Accountancy, University of Memphis, USA.

Minghua Gao

School of Accountancy, University of Memphis, USA.

 

Please see the link:- https://doi.org/10.9734/bpi/crbme/v9/758

Corporate Governance and Performance: The Moderating Role of Digital Innovation | Chapter 6 | New Advances in Business, Management and Economics Vol. 6

The concept of corporate governance gained currency in the 1980s. This global phenomenon was necessitated by a widespread financial crisis, stock market crashes and corporate failure of some corporations due to weak governance practices. The purpose of this study was to empirically explore the relationship between Corporate Governance and Performance of Deposit-Taking Savings and Credit Cooperative Society (SACCO) in Kenya as moderated by Digital Innovation. The theoretical foundation of the study was based on resource dependence theory, agency theory, upper echelons theory, stakeholders’ theory and dynamic capabilities. The study was anchored on pragmatic paradigms and guided by descriptive cross-sectional surveys and correlational research designs. A stratified random sampling technique was used. A pilot study, validity and reliability analysis were undertaken. Data was analyzed through descriptive, correlational and inferential statistics. Study findings reveal that the moderating role of digital innovation in the relationship between corporate governance and performance was positive and statistically significant. Moreover, the moderating role of digital innovation is statistically significant in the relationship between corporate governance and performance. And that corporate governance alone cannot influence performance. The study concluded that diverse and experienced boards and management that embrace digital innovation lead to better-governed and well-performing SACCOs. Moreover, SACCOs have no option but to continuously implement digital innovation measures that will keep them ahead of their competitors, maintain good performance in responding to the ever-changing market needs and contribute significantly to economic growth. For future research direction, there is a need to consider other dimensions of corporate governance, introduce other moderating variables in the corporate governance studies and include other financial institutions for a deeper understanding of the nexus between corporate governance and performance.

 

Author (s) Details

 

Dennis Mucee Ncurai
Jomo Kenyatta University of Agriculture and Technology, Kenya.

 

Please see the book here:- https://doi.org/10.9734/bpi/nabme/v6/5170

The Value-relevance of Corporate Governance: Evidence from Chinese Corporate Governance Disclosures | Chapter 8 | Contemporary Research in Business, Management and Economics Vol. 9

This paper examines the value-relevance of corporate governance disclosures by investigating the association between Chinese corporate governance disclosures and financial distress risk, and firm financial and market performance. We use distress prediction models based on financial ratios, stock return volatility, or other firm characteristics including the Corporate Governance in Finance (CGF) Index developed for Chinese firms. We find that the CGF Index is significantly negatively associated with financial distress risk measured by the Zmijewski-score, O-score, and Z-score. We also find that accounting and market performance measures are significantly positively related to the CGF Index. Our analysis of Chinese listed firms reveals that the great variation among firms in their internal governance mechanism in corporate finance has significant economic consequences. CGF measures significantly affect financial distress risk and firm financial and market performance. Finally, for the short-window cumulative abnormal returns (CAR), we find that, around the release of the CGF Index, the CAR of firms with lower scores is significantly negative, while that of firms with higher CGF Index scores is not significant. Our results provide further support for the important role of corporate governance effectiveness in the financial reporting process in emerging markets. Future research should further investigate the effects of CGF disclosures on the earnings quality of Chinese firms.

 

Author (s) Details

 

Zabihollah Rezaee,
School of Accountancy, University of Memphis, USA.

Huili Zhang,
School of Accountancy, University of Memphis, USA.

Huan Dou,
School of Accountancy, University of Memphis, USA.

Minghua Gao,
School of Accountancy, University of Memphis, USA.

 

Please see the book here:- https://doi.org/10.9734/bpi/crbme/v9/758

 

Advancing Corporate Governance in the Banking Sector in Sri Lanka: Assessing Regulatory Frameworks and Supervisory Roles | Chapter 7 | Contemporary Research in Business, Management and Economics Vol. 6

 In the aftermath of the civil war in Sri Lanka, the country has witnessed a significant increase in economic development, with the banking sector assuming a pivotal role in financing growth and fostering economic prosperity. This chapter investigates the importance of Corporate Governance (CG) within Sri Lanka's banking sector, recognizing its profound influence on public trust and confidence, essential for ensuring the stability of financial institutions. The chapter critically examines the state of CG development and its implications, focusing on the adequacy of regulatory frameworks provided by key legislative Acts such as the Companies Act, Banking Acts, and Securities Act and other pertinent regulations. It highlights the crucial role of a robust governance culture within the banking sector and emphasizes that banking institutions are crucial for maintaining a healthy economy. The banking industry stands as the cornerstone of Sri Lanka's economy and operates in a highly regulated environment. Banks play a critical role by taking public deposits and facilitating financial transactions for individuals and businesses, thereby contributing significantly to economic stability and growth. Given the country's past economic challenges, establishing solid governance practices within the banking sector is imperative for steering Sri Lanka towards a more resilient and prosperous future. The Central Bank of Sri Lanka (CBSL) emerges as a key player in this narrative, exhibiting continuous improvement in its supervisory capacity. Through the enforcement of stringent measures and the adoption of BASEL principles, the CBSL demonstrates a steadfast commitment to enhancing CG within the banking industry. Additionally, the CBSL has mandated a comprehensive code of CG, stressing the importance of full compliance from banks within a specified timeframe. However, despite these advancements, challenges persist in addressing CG issues within the banking landscape. This study sheds light on the scope, impact, and effectiveness of the supervisory and regulatory oversight of the CBSL, while also highlighting ongoing challenges. By critically evaluating regulatory frameworks and supervisory roles, this chapter aims to contribute to the ongoing discourse on advancing CG in the banking sector in Sri Lanka, ultimately fostering a more stable and resilient financial ecosystem.

Author(s) Details:

W. Indira Nanayakkara,
Faculty of Law, University of Colombo, Sri Lanka.

 

Please see the link here: https://stm.bookpi.org/CRBME-V6/article/view/14355

Board Composition and Strategic Decision-Making in SMEs: Exploring the Impact of Director Attributes | Chapter 9 | Contemporary Research in Business, Management and Economics Vol. 3

 This paper looks at the problems of strategic change and innovation in small- or medium-sized family firms, both from an empirical and a theoretical point of view. Using a sample of Family-Controlled Small- and medium-sized Companies, the paper shows that strategic change and innovation are complex phenomena and, at the same time, also demonstrate that corporate governance mechanisms are a limited, if significant, part of the variables which influence the firm’s strategic change and innovation. In particular, it is suggested that extending the board and the Top Management Team by involving individuals who do not belong to the dominant family has a positive effect on the firm’s strategic change and innovation. The results from the empirical analysis of the selected sample support the hypotheses. This research has implications for both corporate governance theory and for family owner-managers of SMEs. Adverse environmental conditions and the emergence of new opportunities demand strategic change and innovation and these are often difficult and problematic for the single owner-manager of the family controlled SME to realise.  Extending the group of individuals involved in difficult firm decision making may help overcome these difficulties and problems. In particular, adding individuals from outside the controlling family to the board and the TMT may increase capacity to interpret environmental change and extend the capabilities necessary to develop new resources within the firm or, more simply, to combine resources which are already present in new ways and forms. These competences and capabilities are indispensable for any process of strategic change and/or innovation in the firm.

Author(s) Details:

Francesco Napoli,
Faculty of Economics, e-Campus University, Novedrate (CO), Italy.

Domenica Federico,
Faculty of Economics, e-Campus University, Novedrate (CO), Italy.

Antonella Notte,
Faculty of Economics, e-Campus University, Novedrate (CO), Italy.

Please see the link here: https://stm.bookpi.org/CRBME-V3/article/view/13898

A Social-Capitalist View on Corporate Governance a New Post-Modern Perspective | Chapter 8 | Contemporary Research in Business, Management and Economics Vol. 3

 The essay aims to point out on some current weaknesses affect Corporate Governance in traditional Corporations. These troubles contain among others: 1. Lack of vision and goals, 2. Too- Formalistic Management Style, 3. Minimal care for Social Affairs, and 4. Doubtful stands on Environment Protection. Further, desired characteristics of future corporation are detailed: 1. Adopting updated and advanced Managing Methods, 2. Endorsing Capital-Labor balanced relations, 3. Improving Compliance with Food & Health demands and 4. Enacting updated Command and Control practices.  The Author believes that referring to these points and finding proper solutions to these issues, may contribute to better performance and a greater satisfaction from all kind of business. Finally, some of the implementation problems are discussed. In general, the Author points out that the meaningful transformation of the 21st Century - the move from the Modern to the Post-modern Order - also forces the Corporate Governance to change. It should be upgraded from the former, formal setup, responsible only to its shareholders into a much more transparent and trustful system, responsible to a broader body of stakeholders. As faster such a transformation will be, so better and more fruitful it will be, for the corporation and its owners.

Author(s) Details:

Amos Avny,
Senior Management and Strategic Consultant, Omnidev International, Israel.

Please see the link here: https://stm.bookpi.org/CRBME-V3/article/view/13784

Accountability Simulacra: Highlights about Fraud Cases from South and North America | Chapter 8 | Current Topics on Business, Economics and Finance Vol. 2

 Cases of allied fraud involving fiscal instruments rely on copy of accountability. This study, based on educated research, looked at cases that went ignored for years, causing billion-greenback losses to investors. The aim was to demonstrate in what way or manner they bypassed internal controls, allied governance, and all supervisory apparatus by utilizing nominal and symbolic resources at the administrative level. An extensive analysis authorized the identification of a common manner of operating, which is described attending organized by objectives. By various resources, the modus operandi involves getting people engrossment, turning fraud and culpabilities wordy and routinizing it and, creating positive sense making about trade. This paper also registers challenges for accountability bettering as sensemaking is out of check lists and models.

Author(s) Details:

Ana Paula Paulino da Costa,
FIPE – Economic Research Foundation Institute, Brazil.

Please see the link here: https://stm.bookpi.org/CTBEF-V2/article/view/9823

Compliance with Regulations: Critical Path to Adequate Corporate Governance in the Banking Industry for Business Sustainability and Improved Financial Performance (A Nigeria Case Scenario) | Chapter 3 | Modern Perspectives in Economics, Business and Management Vol. 6

 Compliance with rules remained a major roadblock in the worldwide financial business, particularly in the Nigerian banking industry. Corporate governance is required, yet regulation compliance is a conundrum in the banking business, which has had an impact on investors and financial performance due to fines and penalties imposed by regulators. Regardless, compliance challenges are worldwide, and the Nigerian financial sector requires increased regulatory action to ensure that the provisions of law are properly understood and implemented. As a result, in the current global market, compliance is the only language that can protect the financial industry from future collapse owing to the corporate financial leader's attitude toward their firm and corporate governance regulations. The goal of this qualitative exploratory multiple case research was to find out what compliance measures corporate financial leaders should put in place to ensure that regulations are followed in order to increase business sustainability and financial performance. The banking industry is one of the economy's pillars; yet, average depositors in Nigeria feared the bank because of the banks' frequent failures. As a result, compliance is the only language in the current global market that can prevent the financial industry from future collapse due to corporate finance leaders' attitudes toward their firm and corporate governance requirements. The purpose of this qualitative exploratory multiple case study was to determine what compliance procedures corporate financial leaders should implement in order to ensure that regulations are obeyed in order to improve business sustainability and financial performance. Despite the fact that the banking industry is one of the economy's pillars, common depositors in Nigeria have a dread of banks due to their numerous failures. Utilizing member checking and triangulation, data was transcribed, processed, and validated. Before the data collection could begin, the participant had to sign an informed consent form. Compliance in the Nigerian banking industry is improving, according to the findings. However, until 2021, there will be concerns of noncompliance and conflicts of interest, which will damage bank financial performance in the long run and may lead to financial hardship, according to Agency theory as the conceptual framework. The insights could be used by authorities to better their oversight. monitoring strategy and guarding ambiguity in rules to ensure that corporate financial leaders are complying with all aspects of corporate governance codes and their execution in accordance with best practises globally, not just the part of the code that they are comfortable with. The findings may be used by corporate financial leaders to curtail strategies that could bring their business to a halt, and to imbibe the spirit of the code to ensure that the company adhered to regulations for long-term sustainability, as well as to improve the company's financial performance in order to attract potential investors. The findings might be used by the regulator to prevent the banking industry from collapsing by being proactive rather than reactive to a crisis.

Author (S) Details

Akande Oyebola Bejide
College of Management and Technology, Walden University, Minneapolis, USA.

View Book :- https://stm.bookpi.org/MPEBM-V6/article/view/3405

Corporate Governance Intelligence: Stakeholder-Related Approach (Evidence from Ukraine) | Chapter 3 | Modern Perspectives in Economics, Business and Management Vol. 5

 The purpose of this study is to look into the corporate governance intelligence system as part of a complex stakeholder-related approach to the corporate strategic intelligence system (CSIS). Minority shareholder activism is given special attention in the corporate governance structure. The use of current tactics by joint-stock firm management to abuse minority shareholders' rights has been generalised. There are suggestions for safeguarding minority shareholders' interests. It is illustrated the need of taking a stakeholders-oriented approach to CSIS construction based on enterprise security standards.

Author (S) Details

Tetiana Momot
O.M. Beketov National University of Urban Economy, Kharkiv, Ukraine.

Olena Filonych
O.M. Beketov National University of Urban Economy, Kharkiv, Ukraine.

View Book :- https://stm.bookpi.org/MPEBM-V5/article/view/3327

Change in Bank Equity Stakes before Merger Completion: An Advance Study | Chapter 14 | Insights into Economics and Management Vol. 12

 The association between changes in institutional financial/investment professionals' shareholdings and firm-specific characteristics of the acquiring companies prior to merger completion is investigated in this study. As a result, the current research helps to uncover the elements that influence acquiring firms' investment decisions. To test the popular agency and signalling hypotheses, total and average changes in their ownership are considered. Commercial banks are more inclined to grow their stock holdings in enterprises with increasing current liabilities and deteriorating profitability, according to evidence. The first supports the signalling hypothesis, whereas the second indicates that the agency cost hypothesis is true. Investment banks, on the other hand, favour companies with growing assets and a sound financial position. The desire of more controlling influence over the board of directors is also shown as a competitive relationship amongst these financial specialists before the merger completion date. The association between the financial institutional quarters holdings proportion and the financial features of the bidding enterprises is also investigated using descriptive statistics and logistic regression analysis in this article. Our findings from logistic regression analysis show that commercial banks have more shares in bidding firms than investment banks, implying that commercial banks have more control.

Author (S) Details

Paitoon Chetthamrongch
Department of Marketing, Kasetsart University, Bangkok, Thailand.

Lin Lin
Department of Banking and Finance, National Chi Nan University, Taiwan.

Hsaio-Fen Hsiao
Department of Finance, Ming Dao University, Taiwan.

 Yu-LunHuang
Department of Banking and Finance, National Chi Nan University, Taiwan.

View Book :- https://stm.bookpi.org/IEAM-V12/article/view/2080

Advanced Study on Stakeholder Approach, Stakeholders Mental Model: A Visualization Test with Cognitive Mapping Technique | Chapter 4 | Insights into Economics and Management Vol. 7

 The aim of this paper is to test the mental models of business actors in relation to the stakeholder strategy of corporate governance. The cognitive map is used to visualise these diagrams in order to clarify how the stakeholder strategy thinks and conceptualises. The paper examines the stakeholder model and takes a look at corporate governance. A method for cognitive mapping is also needed.

Author (s) Details

Garoui Nassreddine
Departement of Economic and Finance, College of Business and Economics, Qassim University, P.O.Box: 6640, Buraidah: 51452, Saudi Arabia.

Jarboui Anis
Faculty of Economics and Management (FSEG), Higher Institute of Business Administration (ISAAS), Postal Address: ISAAS - 3018 Sfax, Tunisia.

View Book :- https://stm.bookpi.org/IEAM-V7/article/view/614

An Exploratory Study: To What Extent Do Companies Listed on the Nigerian Stock Exchange Comply with Corporate Governance and Risk Management Principles? | Chapter 5 | Current Strategies in Economics and Management Vol. 8

 The main objective of this study is to evaluate the degree to which companies listed on the Nigerian Stock Exchange (NSE) comply with the principles of corporate governance and risk management, based on the premise that NSE-listed company directors can "[ensure] that corporate actions, agents and assets are aimed at achieving the corporate objective because of their awareness of the principles" (p. 28). Using the Corporate Affairs Commission survey form, closed-ended questionnaires and secondary data, the survey instrument was administered to 35 companies selected by random sampling (out of a total population of 113), of which 26 were obtained. To test the degree of the respondents' knowledge of, and conformity with, the values, the responses were statistically analysed. To assess the relationship between the degree of knowledge of, and extent of conformity with, the concepts, the Pearson correlation coefficient was used. The research results show that while there is a high level of awareness among NSE-listed companies of the principles, a 'negligible/scant positive' correlation[2] (p.163) has been identified between the level of awareness of these principles and the degree to which the companies comply. An consequence of this scenario among the NSE-listed businesses for managerial practise is that more corporate resources need to be mobilised to improve the enforcement role in these businesses. In order to improve the enforcement role in NSE-listed companies, stronger measures/more positive steps are needed to provide fair assurance that corporate acts, agents and assets are deployed[1] The directors of these businesses would contribute to the achievement of the corporate targets set by shareholders.

Author (s) Details

Dr. Michael Agamah
Company Secretarial & Legal Services Division, Keystone Bank Limited, Keystone Bank Crescent, Off Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria.

View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/345

Experiments on Corporate Governance Factors Affecting Donation: Evidence from Charitable Organizations in Malaysia | Chapter 12 | Current Strategies in Economics and Management Vol.6

 

The main objective of this study is to identify governance factors that affect donation. We posit that
there are five governance factors related to donation. The governance factors are the board size,
board members having professional qualification, board members with political connections,
frequency of meeting, and website availability. Based on a sample of 98 charitable organizations, it
has been found that the governance factors such as board members having professional affiliation
and board members with political connections are significantly associated to donation received by the
charitable organizations.

Author (s) Details

Suhaily Hasnan
Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia.

Dr. Maslinawati Mohamad
Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia.

Zairul Nurshazana Zainuddin
Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia.

Dr. Zubaidah Zainal Abidin
Faculty of Accountancy, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia

View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/254