International diversification, ownership structure and performance in an emerging market: evidence from Chile

Espinosa, Christian; Araya-Castillo, Luís; Bertín, Mauricio Jara; Gorigoitía, Juan

doi:10.1080/1331677x.2020.1820359

Cited by 7 publications

(3 citation statements)

References 113 publications

(145 reference statements)

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“…This research indicates that CEI moderated by the structure of publicly owned share ownership have a significant positive influence on the company's market performance. This is in line with the studies by Bjuggren et al (2007) andEspinosa-Méndez et al (2021). In addition, the results of this study are in line with the findings of Gungoraydinoglu and Öztekin (2011), Degryse et al (2012), Detthamrong et al (2017), Ramli et al (2019), andTsegba &Achua (2011), which prove that capital structure has a positive effect on company performance.…”

Section: The Influence Of Corporate Ethical Identity and The Structur...supporting

confidence: 92%

Performance of Indonesia Sharia companies: Does corporate ethical identity matter?

Hartyanti,

Harto,

Wangbenmad

2023

JIAFR

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Purpose - The development of Islamic finance has made many Indonesia sharia companies register themselves as part of the Indonesia Sharia Stock Index (ISSI). The government always encourages sharia economic growth that upholds ethics. From the Islamic perspective, ethics is the foundation of all aspects of life. This study aims to analyze the performance of Indonesia sharia companies, by linking the importance of Corporate Ethical Identity (CEI) which is implemented in corporate culture.Method - Quantitative research is reviewed through the annual reports of manufacturing companies registered at ISSI for the 2018 and 2019. Linear regression analysis, along with moderated regression analytics, was used to analyze data from 154 manufacturing companies.Result - The results of the study show that CEI has a positive influence on firm performance, and ownership structure as a moderating variable strengthens the influence of CEI on firm performance.Implication - Sharia companies in Indonesia are advised to increase CEI reporting so as to improve financial performance in accordance with sharia principles.Originality - This study represents the inaugural investigation into CEI within Islamic companies operating in Indonesia, with a specific emphasis on corporate culture. The novelty in this research is the focus on company culture, and what distinguishes it from the mentioned study is the utilization of the ownership structure concept as a moderating variable. It also incorporates the utilization of the ownership structure concept as a moderating variable.

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Section: The Influence Of Corporate Ethical Identity and The Structur...supporting

confidence: 92%

Performance of Indonesia Sharia companies: Does corporate ethical identity matter?

Hartyanti,

Harto,

Wangbenmad

2023

JIAFR

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“…According to Cheng and Yang (2017), economic value is added as one of the financial indicators, which allows the management and the other stakeholders to assess the extent of the bank's performance over time based on the real economic earnings income of the bank. Christian et al (2021) reported that economic value-added has been used extensively in the literature as one of the financial indicators of the extent of economic value-added to the residual wealth of an organization. According to Clinton and Salami (2021), value-added economic measures revealed management competence and financial performance based on their residual income.…”

Section: Conceptual Reviewmentioning

confidence: 99%

Internationalization and Economic Value-Added in Deposit Money Banks in Selected African Countries

Adegbie¹,

Ebe²

2023

theijbm

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The desire for banking investment expansions and taking economic, competitive benefits within domestic operations seemed inundated with market saturation limitations, necessitating international operations. Studies have advanced that banks take advantage of the internationalization of banking services to increase operational capacities and in search of new opportunities. Inconsistencies and mixed results have been reported on the extent of the effect of internationalization on the economic value-added of banks. This study investigated the effect of internationalization on value creation in Deposit Money Banks (DMBs) in selected African countries. The study adopted an expo facto research design. The population consisted of seventy-one Deposit Money Banks (DMBs) in selected African countries of South Africa, Kenya, and Nigeria as of 31 December 2021. Seventeen DMBs were selected using a purposive sampling technique. Data were extracted from published financial statements of selected DMBs. The validity and reliability of the data were premised on the statutory audit of the financial statements. Descriptive and inferential (multiple regression) statistics were used to analyze the data. The study revealed that the economic value-added of DMBs was significantly affected by internationalization. (Adj.R2 = 0.3856; F(5, 249) = 75.62; p<0.05). The study recommended that banks should be strategic and conduct detailed due diligence and internationalization benefits analysis before venturing into international banking operations. Management of banks should not hurriedly embark on international banking for egocentric purposes but be sure that the venture will optimize and add to the banks' shareholders and the other stakeholders. The management of the banks should review and re-engineer the dynamics of foreign operations.

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“…It entails strategic asset seeking, market seeking, and expansion of banking operations on an international landscape in search of international new clients while servicing existing clients in international transactions. Christian et al (2021) revealed that internationalization plays a significant role in impacting the financial stability of banks, and the banks' desire for more sophisticated technologies and advanced infrastructures superior to domestic infrastructural decays in Nigeria.…”

Section: Introductionmentioning

confidence: 99%

Internationalization and Financial Stability of Deposit Money Banks in Nigeria

2023

ijafr

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This study aims to examine the effect of internationalization on the financial stability of deposit money banks in Nigeria. The study is crucial, as financial stability is significant in the effective functioning of all other sectors of the Nigerian economy. The data for the study were extracted from the financial statements of the deposit money banks listed on the Nigerian Exchange Group as of 2ist December 2021. The validity and reliability of data were premised on their certification financial statements by statutory auditors. Descriptive and panel data analysis were employed for the data analysis. The findings demonstrate that foreign assets to total assets and foreign taxes to total taxes have insignificant effects, while foreign profits and total profits and cross-border banking activities have significant effects. However, the joint statistics further reveal that internationalization has a positive effect on the financial stability of deposit money banks in Nigeria. The result suggests that managers at the foreign operations of the banks should review operational strategies to ensure adequate support and improve foreign banking operations performance towards contributing to the financial stability of the banks.

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International diversification, ownership structure and performance in an emerging market: evidence from Chile

Cited by 7 publications

References 113 publications

Performance of Indonesia Sharia companies: Does corporate ethical identity matter?

Performance of Indonesia Sharia companies: Does corporate ethical identity matter?

Internationalization and Economic Value-Added in Deposit Money Banks in Selected African Countries

Internationalization and Financial Stability of Deposit Money Banks in Nigeria

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