Determinants of the quality of external board evaluation in the UK

Sobhan, Abdus; Adegbite, Emmanuel

doi:10.1108/cg-06-2020-0256

Cited by 5 publications

(2 citation statements)

References 79 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Engaging a local body to monitor may undermine the monitoring goal, given the probable threats to independence, i.e. familiarity, intimidation and self-interest (Sobhan and Adegbite, 2021).…”

Section: Findings and Discussionmentioning

confidence: 99%

Corporate governance reform in Nigeria: upstream and downstream interventions

Nakpodia

Olan

2022

View full text Add to dashboard Cite

Purpose Internal (e.g. firm performance, internal stakeholders) and external pressures (e.g. globalisation, technology, corporate scandals) have intensified calls for corporate governance reforms across varieties of capitalism. Yet, corporate governance practices among developing economies remain problematic. Drawing insights from Africa’s largest economy (Nigeria) and relying on the resource dependence theorisation, this study aims to address two questions – what are the prerequisites for effective reforms; and what reforms yield robust corporate governance? Design/methodology/approach This study adopts a qualitative methodology comprising semi-structured interviews with 21 executives in publicly listed Nigerian firms. The interviews were analysed using the content analysis technique. Findings This study proposes two sequential reforms (i.e. the upstream and downstream). The upstream factors highlight the preconditions that support corporate governance reforms, i.e. government commitment and enabling environment, while the downstream reforms combine elements of awareness and regulation to proffer robust corporate governance interventions. Originality/value This research further stresses the need to consider a bottom-up approach to corporate governance in place of the dominant top-down strategy. This strategy allows agents to participate actively in corporate governance policy-making rather than a top-down model, which imposes corporate governance on agents.

show abstract

Section: Findings and Discussionmentioning

confidence: 99%

Corporate governance reform in Nigeria: upstream and downstream interventions

Nakpodia

Olan

2022

View full text Add to dashboard Cite

show abstract

“…Also, Jansen (2021) studies the relationship between board processes and board effectiveness. While Calabrese and Manello (2021) consider the impact of the BoD diversity on performance, Kao et al (2021) handle the voluntary appointment of independent board members as an important issue in terms of the CG practices, and Sobhan and Adegbite (2021) examine the determinants of evaluation of the BoD by external parties.…”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

The impact of priority issues for publicly traded companies in corporate governance (CG) rating notes: an empirical study in Turkey

Kartal

Depren²,

Depren³

2022

View full text Add to dashboard Cite

Purpose This paper aims to determine priority issues in the corporate governance (CG) principles to increase CG rating notes of publicly traded companies. Design/methodology/approach This study defines the priority issues for publicly traded companies that should be focused to increase the CG rating notes. In this context, this study considers the companies in Borsa Istanbul CG index (XKURY), use data for 2018, 2019, 2020, and applies machine learning algorithms. Findings Overall, importance of each CG principle changes for the CG rating notes; first five CG principles in terms of significance have a total of 43.6% importance for the CG rating notes; following a straight-line approach in completing deficiencies of the CG principles cannot help increase the CG rating notes. Hence, empirical results highlight the impact of the most significant CG principles in terms of the CG rating notes that should be focused on by publicly traded companies so that CG ratings can be increased. Research limitations/implications This study uses Turkey data and considers publicly traded companies in the XKURY index. The main cause of this condition is that consolidated data of compliance report format for all publicly traded companies cannot be obtained. Practical implications The publicly traded companies can increase the CG rating notes by considering the results of this study while focusing on priority issues in the CG principles. Social implications The study determines the most important CG principles that companies can focus on, highlights the importance of usage of machine learning algorithms in determining the most influential CG principles in terms of the CG rating notes and reflects on the difficulties for gathering consolidated CG principles compliance reporting data for all publicly traded companies. Hence, societies can have better companies that are ruled more efficiently and corporately by increasing their compliance with the CG principles. Originality/value To the best of the authors’ knowledge, this is the first empirical study that determines the priority issues to increase the CG rating notes of publicly traded companies based on the new CG principles compliance reporting scheme in Turkey. Following this aim, machine learning algorithms, which can present better results with regard to most of the econometric models, are used in this study.

show abstract

Strategic responses of the clients of multinational audit firms to corporate governance audit regulation

Abdul-Baki,

Diab,

Yusuf

2024

JAL

View full text Add to dashboard Cite

PurposeWe investigate how existing investment in strong external corporate governance mechanism—use of Big 4 audit firms—affect compliance with corporate governance audit (CGA) regulation in Nigeria and Kenya. While both countries are characterized by weak enforcement, they differ in their corporate governance audit regulatory strategies.Design/methodology/approachThe study adopts neo-institutional theory as a theoretical framework and uses logit and probit models and generalized estimating equations as empirical models to test the hypotheses developed.FindingsThe study finds that persuasive coercive isomorphism provides reputational benefits to clients of multinational audit firms in Kenya and encourages them to conduct and report their CGA. In Nigeria, clients of multinational audit firms are less likely to conduct CGA as there is no persuasive coercive isomorphism in place. We also find many internal corporate governance variables to positively influence CGA.Practical implicationsThe success of any regulation is dependent on the level of compliance by regulated entities. As clients of multinational audit firms usually have the motivation and resources to employ such high quality audit firms, it is expected that if they are well motivated, they will commit similar level of resources to conducting CGA. In Nigeria, the Financial Reporting Council should develop some persuasive measures to encourage clients of multinational audit firms to conduct CGA. In both Nigeria and Kenya, enforcement of internal corporate governance frameworks should be strengthened.Originality/valueThis is the first study to explore how regulatory strategies affect strategic responses of regulated entities to CGA regulation, introducing a new dimension to the ESG literature.

show abstract

Determinants of the quality of external board evaluation in the UK

Cited by 5 publications

References 79 publications

Corporate governance reform in Nigeria: upstream and downstream interventions

Corporate governance reform in Nigeria: upstream and downstream interventions

The impact of priority issues for publicly traded companies in corporate governance (CG) rating notes: an empirical study in Turkey

Strategic responses of the clients of multinational audit firms to corporate governance audit regulation

Contact Info

Product

Resources

About