Corporate governance and cost of capital in OECD countries

AlHares, Aws

doi:10.1108/ijoes-02-2019-0043

Cited by 13 publications

(3 citation statements)

References 70 publications

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“…Three additional tests were carried out to ensure the study's results were robust. A fixed effect model was estimated to address potential unobserved firm-level heterogeneity that the OLS regression model may fail to control for, in order to monitor for the presence of any potential endogeneity (Alhares and Ntim, 2017;AlHares, 2019). As a result, the model to be evaluated is as follows:…”

Section: Robustness Checkmentioning

confidence: 99%

Corporate governance mechanisms and R&D intensity in OECD countries

Alhares¹

2021

IJCG

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The effect of ownership structure and board structure on risk-taking as calculated by R&D intensity in OECD countries is investigated in this study. Around 2010 and 2019, a panel of 300 businesses from Anglo-American and European countries were used. The relationships are investigated using the ordinary least square multiple regression analysis technique. The findings are robust to alternative measures and endogeneities. The findings suggest that institutional ownership, board size, independent directors, and board diversity all have a negative impact on risk-taking, with Anglo-American countries having a greater impact among Continental European countries. Director ownership, on the other hand, is statistically insignificant, according to the findings. This study contributes to the current corporate governance literature by providing additional evidence on the impact of ownership and board structure on risk-taking in two different cultures. The findings will help OECD regulators and policymakers in assessing the effectiveness of recent corporate governance reforms in preventing management misconduct and scandals.

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Section: Robustness Checkmentioning

confidence: 99%

Corporate governance mechanisms and R&D intensity in OECD countries

Alhares¹

2021

IJCG

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“…Pengaruh hubungan antara kepemilikan manajerial terhadap biaya ekuitas. Study empiris yang dilakukan oleh (Skaife et al, 2011;Shah et al, 2009: AlHares, 2019, bahwa dampak hubungan antara kepemilikan manajerial dengan biaya ekuitas, semuanya secara signifikan menemukan hubungan yang negatif antara kepemilikan manajerial terhadap biaya ekuitas. H1: Kepemilikan manajerial berpengaruh negatif terhadap biaya modal.…”

Section: Pengembangan Hipotesisunclassified

Modal Intelektual Dan Kepemilikan Manajerial Pada Biaya Modal: Manajemen Laba Sebagai Moderasi

Supriadi¹,

Aryati²

2022

JAS

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This study aims to examine and analyze empirically the effect of managerial ownership and intellectual capital on the cost of capital moderated by earnings management. The population is manufacturing companies listed on the Indonesia Stock Exchange (IDX) and the sample is determined by purposive sampling. The sample used consisted of 73 companies during the 2016-2019 period. All variables are measured by their respective ratios, earnings management is measured by Stubben's discretionary income model, this research hypothesis is tested using multiple regression using eviews 9 as an analysis tool. The results of the first hypothesis show that managerial ownership has no significant effect on capital either positively or negatively. The results of the second hypothesis that intellectual capital has a negative effect on the cost of capital have been proven because in addition to being significant in this study, it is also in accordance with the hypothesis that the researcher made. The results of the third hypothesis of earnings management strengthen the effect of managerial ownership on the cost of capital, it is not proven because earnings management as a moderating variable in the study has no effect. The results of the fourth hypothesis that earnings management weaken the influence of intellectual capital on the cost of capital are not proven because earnings management in this study as a moderating variable in this study has no effect.

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“…This study has put forth meaningful graphics following the productivity deviations regarding the recent capital increases and their comparable position in public borrowing through recommendations. In addition, AlHares's [11] study is an important study that deals with capital efficiency in the OECD regarding possible capital costs and evaluates public cooperation in terms of possible costs, including public borrowing increases. In this study, a level of mutual influence, where investments and capital efficiency in the OECD have handled public entrepreneurship, has been discussed and it aims to determine empirically and reveal the capital efficiency effects of possible public expenditures [12].…”

Section: Literature Reviewmentioning

confidence: 99%

Changes in Public Borrowing in the OECD and the Impact Scale of Capital Productivity and Tax Burden

Özker¹

2022

aeb

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Corporate governance and cost of capital in OECD countries

Cited by 13 publications

References 70 publications

Corporate governance mechanisms and R&D intensity in OECD countries

Corporate governance mechanisms and R&D intensity in OECD countries

Modal Intelektual Dan Kepemilikan Manajerial Pada Biaya Modal: Manajemen Laba Sebagai Moderasi

Changes in Public Borrowing in the OECD and the Impact Scale of Capital Productivity and Tax Burden

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