Governance And Financial Performance Current Trends And Perspectives

Author : Constantin Zopounidis,Christos Lemonakis,Emilios Galariotis,Marios Menexiadis,Alexandros Garefalakis
Publisher : World Scientific
Page : 340 pages
File Size : 52,6 Mb
Release : 2023-02-10
Category : Business & Economics
ISBN : 9789811260513

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Governance And Financial Performance: Current Trends And Perspectives by Constantin Zopounidis,Christos Lemonakis,Emilios Galariotis,Marios Menexiadis,Alexandros Garefalakis Pdf

This book focuses on corporate governance and proposes a novel framework for combining the Corporate Governance Framework (CGF) with current corporate finance issues arising in the Contemporary Business Environment (CBE) and cointegrating them with today's business needs. It consists of a good collection of state-of-the-art approaches that will be useful for new researchers and practitioners working in this field, helping them to quickly grasp the current state of corporate governance and corporate financial performance.Good corporate governance is not only important for companies, but also for the society. To begin with, good corporate governance strengthens the public's faith and trust in corporate governance. Legislative processes were developed to protect the society from known threats and prevent problems from occurring or recurring. Recent corporate scandals shed light on the impact that corporations have on social responsibility. The new focus on the corporate governance framework increases the responsibility and accountability of companies to their stakeholders and provides a solid framework for enhancing corporate performance.

Author : Sabri Boubaker,Bang Dang Nguyen,Duc Khuong Nguyen
Publisher : Springer Science & Business Media
Page : 445 pages
File Size : 46,7 Mb
Release : 2012-12-18
Category : Business & Economics
ISBN : 9783642315794

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Corporate Governance by Sabri Boubaker,Bang Dang Nguyen,Duc Khuong Nguyen Pdf

The current crisis has rocked the financial system worldwide and has cast doubt on the effectiveness of the existing regulatory regime. Thousands of firms have gone bankrupt and many financial institutions were bailed out by governments. The effects of the crisis have shaken emerging and developing markets alike and have not spared neither small nor large businesses. Many scholars and practitioners attribute the roots of the crisis to failures and weaknesses in the way corporate governance has been practiced since the mid-1990s. Lax board oversight of top management, short-termism and self-interested behavior have been fingered as the culprits behind recent financial turmoil. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues.

Author : Ezeifekwuaba Tochukwu Benedict
Publisher : Exceller Books
Page : 156 pages
File Size : 41,5 Mb
Release : 2024-06-28
Category : Political Science
ISBN : 8210379456XXX

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Current Global Trend on Corporate Governance: by Ezeifekwuaba Tochukwu Benedict Pdf

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Author : H. Kent Baker,Ronald Anderson
Publisher : Wiley
Page : 676 pages
File Size : 44,5 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 0470499133

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Corporate Governance by H. Kent Baker,Ronald Anderson Pdf

A detailed look at the importance of corporate governance in today's business world The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance. Relies on recent research findings to provide guidance through the maze of theories and concepts Uses a structured approach to put corporate governance in perspective Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author : Aswini Kumar Mishra,Vairam Arunachalam,Sanket Mohapatra,Dennis Olson
Publisher : Springer
Page : 176 pages
File Size : 54,9 Mb
Release : 2021-11-27
Category : Business & Economics
ISBN : 3030600106

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The Financial Landscape of Emerging Economies by Aswini Kumar Mishra,Vairam Arunachalam,Sanket Mohapatra,Dennis Olson Pdf

This volume presents current developments in the field of finance from an emerging markets perspective. Featuring most of the contributions presented at the second International Conference on Economics and Finance (ICEF-2020), Goa, India, this volume serves as a valuable forum for discussing financial performance and well-being, economic policy uncertainty, efficiency of commodity markets and various recent trends in the banking and financial sector. It provides an analysis of the current state of the financial sector and proposes solutions to challenging topics including bankruptcy, audit quality and liquidity crises. Popular topics such as cryptocurrency, stock market volatility and board governance are also covered.

Author : H. Kent Baker,Ronald Anderson
Publisher : Wiley
Page : 222 pages
File Size : 41,6 Mb
Release : 2011-12-01
Category : Business & Economics
ISBN : 1118258436

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Corporate Governance by H. Kent Baker,Ronald Anderson Pdf

A detailed look at the importance of corporate governance in today's business world The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance. Relies on recent research findings to provide guidance through the maze of theories and concepts Uses a structured approach to put corporate governance in perspective Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author : Organisation for Economic Co-operation and Development
Publisher : Organisation for Economic Co-operation and Development
Page : 464 pages
File Size : 46,8 Mb
Release : 2001-08-20
Category : Business & Economics
ISBN : STANFORD:36105110691131

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Corporate Governance Corporate Governance in Asia by Organisation for Economic Co-operation and Development Pdf

Of the meeting -- Introduction / by Joanna R. Shelton -- Corporate governance patterns in OECD economies: is convergence under way? / by Stilpon Nestor and John K. Thompson -- Latest directions in corporate governance / by Ian T. Dunlop -- The legal and institutional preconditions for strong stock markets: the nontriviality of securities law / by Bernard Black -- Comparative corporate governance trends in Asia / by Il Chong Nam, Yeongjae Kang, Joon-Kyung Kim -- Corporate governance in Japan / by Takahiro Yasui -- Disclosure and corporate governance: a Japanese perspective / by Hideki Kanda -- Corporate governance in Korea / by Il Chong Nam et al. -- Corporate restructuring in Thailand and Korea / by William P. Mako -- Chaebol reform: the missing agenda in corporate governance / by Yoon Youngmo -- Corporate governance in the special administrative region of Hong Kong / The Securities and Futures Commission of Hong Kong, China -- Corporate governance in India / by Pratip Kar -- Corporate governance and restructuring in Malaysia: a review of markets, mechanisms, agents and the legal infrastructure / by R. Thillainathan -- Corporate governance environment and policy: their impact on corporate performance and finance in the Philippines / by Cesar G. Saldana -- Corporate governance in Singapore: current practice and future developments / by Mak Yuen Teen and Phillip H. Phan -- Corporate governance: the challenge facing the Thai economy / by Deunden Nikomboriak and Somkiat Tangkitvanich -- Corporate governance in Chinese Taipei / by Chen-En Ko et al.

Author : Pedro Matos
Publisher : CFA Institute Research Foundation
Page : 80 pages
File Size : 46,8 Mb
Release : 2020-05-29
Category : Business & Economics
ISBN : 9781944960988

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ESG and Responsible Institutional Investing Around the World: A Critical Review by Pedro Matos Pdf

This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.

Author : Alexander N. Kostyuk,Udo C. Braendle,Rodolfo Apreda
Publisher : Unknown
Page : 379 pages
File Size : 55,9 Mb
Release : 2007
Category : Corporate governance
ISBN : 9669687209

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Corporate Governance by Alexander N. Kostyuk,Udo C. Braendle,Rodolfo Apreda Pdf

Author : OECD
Publisher : OECD Publishing
Page : 452 pages
File Size : 52,5 Mb
Release : 2001-08-01
Category : Electronic
ISBN : 9789264189300

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Corporate Governance in Asia A Comparative Perspective by OECD Pdf

Poor corporate governance was identified as one of the root causes of the recent Asian financial crisis. The absence of effective disciplines on corporate managers, coupled with complicated and opaque relationships between corporations, their owners ...

Author : P.K. Jain,Shveta Singh,Surendra Singh Yadav
Publisher : Springer Science & Business Media
Page : 389 pages
File Size : 51,9 Mb
Release : 2013-03-26
Category : Business & Economics
ISBN : 9788132209904

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Financial Management Practices by P.K. Jain,Shveta Singh,Surendra Singh Yadav Pdf

Financial management practices are likely to have a marked effect on the financial performance of a corporate enterprise. Therefore, sound financial decisions/practices can contribute towards meeting the desired objective of having profitable operations. This subject assumes paramount significance in view of the present dynamic and turbulent business environment, which has produced more intense competition and smaller profit margins across the world. In this context, the financial management practices of the corporates in India, a country with a vast potential for economic growth, can offer valuable insights. The present study explores whether there has been a major change in the financial performance (measured in terms of profitability) and financial policies/decisions of the sample companies over a fixed period (2000-2001 to 2010-2011), with a special focus on pre and post-recession analysis. It delves deeper into current research areas such as zero working capital, real options in capital budgeting, pecking order in capital structures, and clause 49 as reflected in the financial management decisions of sample companies, and provides a broader perspective by identifying trends (if any) in certain aspects of financial decision-making over the past two decades. A comprehensive study, covering all the major aspects of financial management practices, also contains an inter-sectoral study (among the sample companies) and develops an index of professionalism in financial management based on the practices of the sample companies. The book is primarily targeted at teachers/students of finance, management, commerce, accounting and related professional disciplines/fields. Practitioners/professionals will find it an invaluable text that helps guide them to better decision-making.

Author : Thomas Clarke
Publisher : Taylor & Francis
Page : 733 pages
File Size : 50,8 Mb
Release : 2017-05-03
Category : Business & Economics
ISBN : 9781317610557

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International Corporate Governance by Thomas Clarke Pdf

Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- List of figures -- List of tables -- Foreword to the first edition -- Preface to the second edition -- Acknowledgements -- 1 Cycles of governance -- 2 Boards and directors: the political mechanisms of corporate governance -- 3 Finance, law and markets: the institutional elements of corporate governance -- 4 Anglo-American corporate governance -- 5 European corporate governance -- 6 Asia Pacific corporate governance -- 7 Corporate governance in the emerging economies -- 8 The globalization of corporate governance -- 9 Corporate social responsibility -- 10 Corporate sustainability -- CASE STUDIES: CORPORATE GOVERNANCE IN CRISIS -- Enron-era case studies (2001-2004) -- 1 Enron -- 2 WorldCom -- 3 HIH Insurance Group -- 4 Parmalat -- Global financial crisis case studies (2007-2009) -- 5 Lehman Brothers -- 6 Royal Bank of Scotland -- 7 UBS -- 8 Iceland -- Asia Pacific case studies (2009-2014) -- 9 Satyam -- 10 Olympus -- Corporate responsibility and sustainability case studies (2001-2016) -- 11 James Hardie -- 12 BP -- 13 Volkswagen -- Bibliography -- Index

Author : Beate Sjåfjell
Publisher : Kluwer Law International B.V.
Page : 594 pages
File Size : 49,7 Mb
Release : 2009-01-01
Category : Law
ISBN : 9789041127686

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Towards a Sustainable European Company Law by Beate Sjåfjell Pdf

No one doubts any longer that sustainable development is a normative imperative. Yet there is unmistakably a great reluctance to acknowledge any legal basis upon which companies are obliged to forgo 'shareholder value' when such a policy clearly dilutes responsibility for company action in the face of continuing environmental degradation. Here is a book that boldly says: 'Shareholder primacy' is wrong. Such a narrow, short-term focus, the author shows, works against the achievement of the overarching societal goals of European law itself. The core role of EU company and securities law is to promote economic development, notably through the facilitation of market integration, while its contributory role is to further sustainable development through facilitation of the integration of economic and social development and environmental protection. There is a clear legal basis in European law to overturn the poorly substantiated theory of a 'market for corporate control' as a theoretical and ideological basis when enacting company law. With rigorous and persuasive research and analysis, this book demonstrates that: European companies should have legal obligations beyond the maximization of profit for shareholders; human and environmental interests may and should be engaged with in the realm of company law; and company law has a crucial role in furthering sustainable development. As a test case, the author offers an in-depth analysis of the Takeover Directive, showing that it neither promotes economic development nor furthers the integration of the economic, social and environmental interests that the principle of sustainable development requires. This book goes to the very core of the ongoing debate on the function and future of European company law. Surprisingly, it does not make an argument in favour of changing EU law, but shows that we can take a great leap forward from where we are. For this powerful insight - and the innumerable recognitions that support it - this book is a timely and exciting new resource for lawyers and academics in 'both camps' those on the activist side of the issue, and those with company or official policymaking responsibilities.

Author : Gregory Francesco Maassen
Publisher : Gregory Maassen
Page : 228 pages
File Size : 46,6 Mb
Release : 1999
Category : Corporate governance
ISBN : 9789090125916

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An International Comparison of Corporate Governance Models by Gregory Francesco Maassen Pdf

Author : Sinziana Dorobantu,Ruth V. Aguilera,Jiao Luo,Frances J. Milliken
Publisher : Emerald Group Publishing
Page : 424 pages
File Size : 52,6 Mb
Release : 2018-08-10
Category : Business & Economics
ISBN : 9781787563179

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Sustainability, Stakeholder Governance, and Corporate Social Responsibility by Sinziana Dorobantu,Ruth V. Aguilera,Jiao Luo,Frances J. Milliken Pdf

The chapters in this volume cover a wide range of theoretical perspectives grounded in strategy, economics and sociology, employ various methodological approaches, and offer new arguments on the connections that exist between firms’ decisions relating to sustainability, CSR, and the governance of their stakeholder relations.