Search Results: 1 - 10 of 100 matches for " "
All listed articles are free for downloading (OA Articles)
Page 1 /100
Display every page Item
Business ethics and corporate governance in the Second King Report: Farsighted or futile?
G.J. Rossouw
Koers : Bulletin for Christian Scholarship , 2002, DOI: 10.4102/koers.v67i4.380
Abstract: The relationship between corporate governance and business ethics has always been ambiguous. Does corporate governance per definition have an ethical nature or is it merely self-interested? Is business ethics an integral part of corporate governance or is it marginalised or even excluded by the debate on corporate governance? Does corporate governance also include the governance of ethics? This article will focus on the relationship between corporate governance and business ethics from the perspective of a developing country. More specifically, it will look at a recent development in South Africa where the Second Report on Corporate Governance for South Africa (IOD, 2002), also known as the Second King Report, gave particular prominence to business ethics. The motivation for its emphasis on business ethics as well as its guidelines for the corporate governance of ethics will be explored and, in conclusion, critically reviewed.
Dan Alexandru SITARU
Lex et Scientia , 2009,
Abstract: The work is aimed to examine the issues “corporate governance” involves, with the goal set to clarify the meanings of such notion, and to provide an overall image of the positive effects arising implementing the corporate governance principles. The first section includes a series of definitions for the purpose of explaining and outlining the concept of “corporate governance”, subsequently giving a definition that appears adequate to us, from the legal standpoint pre eminently. The second section has for purpose to state the corporate governance Principles, and briefly examine the same. Its purpose also includes concretely illustrating the efficient operation methods for a “corporation”, as well as the main dilemmas, and the existing solutions for the same within the internal structure of a joint stock company to adopt, and subject itself to, such principles. Finally, the last section of the work underlines the corporate governance importance, and states the goals to be attained for purposes of securing effective, balanced, and not in the last place profitable management.
Corporate Governance and Corporate Creditworthiness  [PDF]
Dror Parnes
Journal of Risk and Financial Management , 2011, DOI: 10.3390/jrfm4010001
Abstract: We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond’s yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by cash-flow-score, by O-score, through Merton structural model default probabilities, and by S&P credit ratings. After addressing endogeneity and while controlling for firm-specific factors, based on the four objective methodologies we find that corporate governance is inversely related to bankruptcy risk. Yet, rating agencies take a mixed approach towards this association likely because of the conflicting impact of different governance provisions.
Claudiu George BOCEAN
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2008,
Abstract: Corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Corporate governance issues are especially important in emerging countries, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. This paper discusses how emerging countries are dealing with corporate governance quality issues. In emerging countries the impact of improvements in corporate governance quality on traditional measures of real economic activity was positive, significant, and quantitatively relevant, and the growth effect is particularly pronounced for industries that implemented principles and codes of corporate governance.
Claudiu George BOCEAN,C?t?lin M. BARBU
Management & Marketing , 2007,
Abstract: Good corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance. This paper sets out to further develop our understanding of corporate governance and its effects on corporate performance and economic performance. In doing so, it addresses some of the underlying factors that promote efficient corporate governance, and examines some of the economic implications associated with various corporate governance systems. I provide an framework for understanding how corporate governance can affect corporate performance. In the wake of a literature survey, I find that corporate governance matters for economic performance, insider ownership matters the most, outside ownership concentration destroys market value, direct ownership being superior to indirect.
Annals of the University of Oradea : Economic Science , 2012,
Abstract: The paper explores the corporate governance and corporate social responsibility in music industry, by reviewing the literature and investigating the aspects in the context of a sample made by top companies in this domain. The paper spotlighting the mutual connections between corporate governance and corporate social responsibility. The research methodology used consists in investigate the corporate governance codes. Ita€ s about a qualitative interpretive research methodology that was adopted. The findings suggest the intercorelation of corporate governance with corporate social responsibility. The main contribution of the author consists in the fact that the added value of this paper and the original contribution leads in the intercorelation of these two aspects of corporate governance and corporate social responsibility, the findings beeing interesting, implying that recent preoccupation with corporate governance in music industry is starting to be equable by some attention to social responsibility aspects, with growing appreciation of their interdependencies. Previous literature has researched corporate governance and corporate social responsibility independently. Due to this fact, this paper is considering them jointly. The paper is important for both practical and theoretical aspects: for managers and also can serve as the basis for future research on this topic. The current paper is realized in the doctoral program entitled a€ PhD in Economics at the Standards of European Knowledge- DoEsEca€ , scientific coordinator Prof. PhD Niculae Feleaga, Institution: The Academy of Economic Studies Bucharest, Faculty of Accounting and Management Informatic System, Department of International Accounting, period of research 2009-2012.
Gavrea Corina,Stegerean Roxana
Annals of the University of Oradea : Economic Science , 2011,
Abstract: Corporate governance is a key element of today’s economic reality being more and more present in many countries around the world. This paper has two main objectives. The first one is to offer more insight into the concept of corporate governance by a thorough literature review and by presenting and analyzing a framework of corporate governance. The second objective of this paper is to investigate the corporate governance situation in three developing economies (Romania, Bulgaria and Hungary). The World Bank and the European Bank for Reconstruction and Development published a series of reports on corporate governance. The present study uses data from these reports in order to illustrate how these developing economies are dealing with corporate governance. Based on ROSC Reports a corporate governance score was calculated. As this score shows, there is room for improvement for all three developing economies. This study is important because it shows the differences in corporate governance among developing economies and the need to study these nations at the individual country level. Corporate governance has many benefits for developing economies. It helps developing economies to register sustainable growth rates, to increases investors’ confidence in the national economy, and to increase the ability of capital markets to mobilize savings.
On Financial Control and Corporate Governance Structure  [cached]
Li He
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n5p215
Abstract: This paper mainly analyzes the relationship between corporate governance structure and financial control. Then it gives some suggestions combined with current situation in China to improve the corporate governance structure to protect the financial control system.
Essence of Corporate Governance  [PDF]
Prachi Singh
International Journal on Research and Development : A Management Review , 2012,
Abstract: "Success is not the art of making mistakes when nobody is looking at, true success is the truthful expression of the performance when it is measured”.” Business is going to change more and more in the next ten years than it has in the last 50 years. These changes will occur because of a disarmingly simple idea: the flow of digital information. Who does not like the progress? Progress leads to success in terms of satisfaction of desires and expectations. When any individual compares his past performance with the present and when the graph is upward then individual appreciates himself or herself. The same is in the case of corporate or country or any country's economy, which want to be sound then they need success. But success is not simple to get. Now days there are many ways through which success can be achieved. The ways can be short cuts or may be long ways, where more sincerely and ethically one has to work. Corporate governance can be put in this 2nd category .Corporate Governance is the term given to the management practices followed by the business organization. Corporate governance is a way of life and not a set of rules. It is more of a way of life that necessitates taking interests in every business decision. It has succeeded in attracting a good deal of public interest because if it's apparent importance for the economic health of corporations and society in general. We know each corporation obtains its funds from different class of investors. When they do so, it becomes their prime responsibility to see that the funds are used in proper direction. The investors are also even needed assurance for such matter. "Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting return on their investment.” It has emerged as one of the key elements of public policy reforms individuals. It is still in its infancy; it has been around only for the last three to four years. It is however not a foolproof concept as it relies heavily on data available from insiders. A key element of good corporate governance is transparency projects through a code of good governance which incorporates a system of checks and balances between key players- board of management, auditors and shareholders. Corporate governance is defined as the system by which business entities are monitored, managed and controlled. Corporate governance practices have become an essential prerequisite for the ability to acquire and retain financial resources necessary for restructuring long term investment and sustainable growth. At one end of
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2010,
Abstract: In the modern society the banking system occupies a very important place; it can decisively influence the economy as a whole and the quality of our lives. Therefore its proper functioning is of vital importance. For the well being of a society, lending to both retail and corporate sectors is very important. When talking about the lending rules for companies it is much easier to do a cost-benefit analysis, subjectivity occurs mainly in case of retail credit.Taking into consideration the recent bankruptcies that took place all over the world, we consider this to be one of the best moments to speak about banking ethics. This article is aiming to make a comparison between the ways in which corporate governance in banking are applied in emergent economies compared to the developed ones. To achieve this objective we examined some characteristics of corporate governance in banking in general, related to some special features of the developing countries and we made an overview of the Romanian financial system.
Page 1 /100
Display every page Item

Copyright © 2008-2017 Open Access Library. All rights reserved.