Asymmetrical corporate responses to economic information: Applying the firm size effect

Abstract. This paper sheds light on the in luence of corporate governance, institutional quality, human capital and irm size on inancial institutions performance in Kenya using sampled data from 236 inancial institutions during 2010-2015. Further, this research finds out whether the inancial regulations could moderate the influence of corporate governance, institutional quality, human capital and irm size on inancial institutions performance in Kenya. Strati ied sampling was adopted to obtain samples from the heterogeneous inancial services sector. Performance indicators used were Return on Investment (ROI) and Return on Equity (ROE) with predictors being human capital, institutional framework, irm size and corporate governance the relationship being moderated by inancial regulations. The study established that the four predictors in luenced inancial institutions performance most of them being statistically signi icant except irm size. The inancial regulation moderation effect was established to be signi icant in affecting the relationship between inancial institutions performance and the predictors.

Section: Introductionmentioning

confidence: 99%

Financial regulation as moderating, influence of corporate governance, institutional quality, human capital and firm size on financial institutions performance in Kenya

2017

“…CSR is an integral component of corporate governance, particularly when there is a con lict between the social goal of bene iting society and the corporate goal of maximizing pro its (Hang, 2015;Homayoun, Rezaee, & Ahmadi, 2015;Yoo, Lee, & Lee, 2016). This con lict of interest between shareholders goal and societal social goal brings about an initiative that bestowed corporations with some responsibilities (i.e., CSR) which would enhance their positive impacts and minimize their negative effects on society.…”

Section: Introductionmentioning

confidence: 99%

Effect of corporate social responsibility on enterprise value of deposit money bank in Nigeria

2019

This study sought to determine the effect of Corporate Social Responsibility (CSR) (i.e., Environmental Expenditure (EE), Community Expenditure (CE), and Employee Expenditure (EmE) on Enterprise Value (EV), with particular reference to quoted deposit money banks in Nigeria. The study adopted the correlational design, and a population of 21 banks was considered. Out of this population, 15 banks were sampled through the purposive method. Panel regression was used to analyze the data, which were collected from annual inancial reports of the sampled banks. The results of the analysis indicated that, overall, CSR's effect on enterprise value is statistically signi icant; meaning that corporate social responsibility expenditure has signi icant effect or association with enterprise value (i.e., EV). The study recommended that banks in Nigeria should maintain, and possibly increase their CSR expenditure rather than looking to reduce or even eliminate it as they seek to cut down on their business cost. This is because of the likely negative effect it might have on their business in the long run as documented by the outcome of this study.

“…CG is now shifting from its conventional attention on agency issues by focusing more on matters related to social and business ethics, accountability to shareholders, transparency of inancial statements, and disclosures. Board of Directors and management of an organization obviously study numerous elements when formulating policies to improve the community welfare that is constant with the directives of good governance (Aslam, Ahmad, Amin, Usman, & Arif, 2018;Yoo, Lee, & Lee, 2016). The above will have an impact on inancial performance, which is closely related to the timeliness of inancial statement submission which is part of good corporate governance in GCG.…”

Section: Introductionmentioning

confidence: 99%

The effect of corporate social responsibility and corpo- rate governance on company’s performance

2019

The aim of this research is to ind out the effect of corporate social responsibility and corporate governance on company's performance on BUMN (State Owned Enterprises) which is registered in Indonesia Stock Exchange in 2012 until 2017. The number of the sample were 14 companies. The phenomenon that occured the performance of State Owned Enterprises with Return on Assets (ROA) indicator was more decreasing from 2012 until 2016. The company does not only pay attention to the business interests but the social responsibility needs to be paid attention to create the added value. There are a lot of things that must be solved in State Own Enterprise, especially in corporate governance. The result of this study is the social responsibility with CSRDij indicator and corporate governance with indicators of Board of Directors, Board of Commissioners, and Audit Committee have signi icant in luence on company's performance with ROA indicator. But, partially, corporate governance does not affect the company's performance.