Corporate Governance: Mechanisms for Control and Alignment of Interests of Participants of Corporate Relations in the Transitive Economy

Tarando, Elena Eugenievna; Borisov, Alexander Fedoseevich; Chelenkova, Inessa Yurievna; Pruel, Nikolay; Sinyutin, Mikhail

doi:10.5901/mjss.2015.v6n4s4p118

Cited by 3 publications

(2 citation statements)

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“…(Rahman & Bremer, 2016) examining a sample of 452 listed industrial corporations in the US measuring their Tobin's Q with respect to board size from 1984 till 1991, and proves that there is a significant inverse relation between board size and firm performance. Moreover, in the same study, (Tarando et al, 2015) finds that smaller board companies have improved values for financial ratios. A sample of 164 companies listed on Bombay Stock Exchange (BSE) was studied for six financial years from 1998 till 2003 by Garg in 2007, while taking into account Tobin's Q and other market ratios, and discovered a negative association between board size and firm performance, and also recommended that the optimal board size must be limited to six (6) members.…”

Section: Number Of Directors At the Level Of The Boardmentioning

confidence: 77%

Board of Directors, Audit Committee and Firms’ Performance

Awad,

Ghanem

2023

DUTCH J FINANCE MANA

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This study explores the different attributes of audit committees and boards of directors' effect on firm performance. Mainly the board’s size and independence and the audit committee’s employment, size, independence, financial experience, and frequency of meetings. This paper also talks about resource dependency theory which considers that. Non-independent directors have a positive effect on firm performance. On the contrary, agency theory suggests that the more independent the board is, the better the performance. Many accounting scandals and worldwide failures in corporate governance have occurred in the past few decades, affecting stakeholders and taking a heavy toll on national and global economies. After many infamous corporates, the United States passed the Sarbanes-Oxley Act (SOX), which acted to heighten the responsibilities of the board of directors in corporations, promotes fairness to both shareholders and stakeholders alike by enforcing listed companies to employ independent, knowledgeable, and proactive audit committees and directors and ultimately set the utmost importance on the protection of investors and stakeholders.  Taking a sample of 96 companies, the results show that a more extensive and independent board positively affects business results, and the same applies to the implementation of an audit committee. However, our results found no link between the different characteristics of audit committees with firm performance. The findings above give us insight into how companies’ governance operates.

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Section: Number Of Directors At the Level Of The Boardmentioning

confidence: 77%

Board of Directors, Audit Committee and Firms’ Performance

Awad,

Ghanem

2023

DUTCH J FINANCE MANA

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“…The main part of researches focus on the results of the administrative reforms in different countries and in different terms. They analyse the problems of the efficiency of the system of public goods (Banerjee and Hankla, 2014;Kumar, 2014;Puron-Cid, 2014;Knox, 2008;Héritier, 2001;Tarando et al, 2015) of the concept of 'good government' or 'performance management' as the next stage of reform (West and Blackman, 2015;Ullah, 2014) or of the professionalising of civil service during the reform (Gellén, 2013;O'Flynn et al, 2011;Volchkova and Pavenkova, 2002). They found that public service needs further transparency and strengthening of cooperation with civil society.…”

Section: Introductionmentioning

confidence: 99%

A self-awareness of public servants: an introduction in methodology

Vasilieva

Rubtcova

2017

IJPSPM

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Public servants are important actors in the system of public goods delivery. Performance measuring governance in terms of the modern state is centres on establishing the contentment of the customers purchasing these goods. This means the public servants need special professional skills to fulfilling civil clients' needs. We would like to identify the degree of personal support for this conception. The research was carried out in December 2014 in the Republic of Sakha (Yakutia), Russia. The method adopted was a questionnaire; data processing was carried out using SPSS. The results of the research show that public servants are still guided by old skills and requirements. However, staff at the age of 30 years (35%) more frequently choose the satisfaction of client needs as the main goals of authorities. This gives us hope that the professional skills of public servants will change in line with new requirements.

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Corporate governance and board conflict solution: The case of Lebanese family healthcare businesses

Shatila,

Nigam,

Benetti

2024

COC

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This study examines the intricate relationship between corporate governance mechanisms and the performance of family-owned hospitals in Lebanon. Specifically, it examined the impact of various governance factors, including board size, independence, duality, meeting frequency, and ownership structure, on the financial performance of these hospitals. By employing agency theory as the conceptual framework and qualitative methodology, which involves interviews with managers from three distinct hospitals in Lebanon, this study sheds light on the dynamics of conflicts between shareholders and managers within the context of family-owned hospitals. This study also explores how corporate governance mechanisms can effectively mitigate these conflicts and enhance shareholder value. The significance of this study lies in its contribution to the understanding of corporate governance practices within the Lebanese healthcare sector, offering valuable insights that extend to developing countries across the Middle East and North Africa (MENA) region. These findings suggest that fostering a more autonomous board structure can play a pivotal role in controlling top management and aligning the interests of shareholders and managers within the Lebanese healthcare landscape. Through a nuanced exploration of governance dynamics and their implications for financial performance, this study underscores the importance of robust governance frameworks for ensuring the sustainable success of family-owned hospitals. Ultimately, by elucidating the mechanisms by which governance practices influence organizational outcomes, this study offers practical implications for healthcare practitioners, policymakers, and stakeholders seeking to enhance governance effectiveness and performance in similar contexts.

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Corporate Governance: Mechanisms for Control and Alignment of Interests of Participants of Corporate Relations in the Transitive Economy

Abstract: The

Cited by 3 publications

References 38 publications

Board of Directors, Audit Committee and Firms’ Performance

Board of Directors, Audit Committee and Firms’ Performance

A self-awareness of public servants: an introduction in methodology

Corporate governance and board conflict solution: The case of Lebanese family healthcare businesses

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