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José Carlos Cavalcanti
JISTEM - Journal of Information Systems and Technology Management , 2009,
Abstract: This paper aims to broadly discuss a subject that intends to be an interface between the economics and the management of the firm: the Enterprise Architecture. This concept is viewed here as the most appropriate means to understand the impact of the information content, of the information systems, and of the information and communication technologies- ICTs on the internal technological and organizational choices of the firm. In support to this argument it relies on three main steps. Initially, a brief review of the main theories (economic and management) of the firm is made highlighting their contributions, caveats and convergences. Then the paper bases its analysis on the concept of the firm as an “engine of information” and on a concept from the Computing Science and Engineering, Enterprise Architecture, to point out that these concepts bring up important contributions towards a more consistent interpretation of what the firm is (or how it is organized) currently, in which is practically impossible to exist without the modern information tools. Finally, it is presented an innovative methodology, in an analogy to the Structure-Conduct-Performance Paradigm (that is traditionally used on the empirical market analysis), which identifies the firm according to three linear connected approaches: its architecture, its governance, and its growth strategy.
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.
Corporate Governance Mechanisms and Firm Efficiency  [cached]
Douglas Nanka-Bruce
International Journal of Business and Management , 2011, DOI: 10.5539/ijbm.v6n5p28
Abstract: This paper uses technical efficiency to measure the performance impact of internal corporate governance mechanisms. Specifically, it analyzes how the size, leadership and composition of the board of directors together with external shareholders can be structured to enhance a firm’s technical efficiency. The study utilizes an unbalanced pool of manufacturing firms in sixteen countries and offers support that active large external shareholders’ who commit credible signals to minority investors of firms that have an insider-dominated or balanced small board with a unified leadership can lead to enhanced technical efficiency. The results also provide evidence of the convergence of American and European corporate governance practices. External shareholders are also encouraged to elect an outsider-dominated board when insiders underperform, and not on blind normative advice.
European Level Test of Romanian Enterprise Governance
Niculae Feleaga
Theoretical and Applied Economics , 2006,
Abstract: The corporate governance is a central and dynamic aspect of the businesses. The term governance comes from the latin “gubernare”, meaning to guide and supposes that the corporate governance imply equally both the leadership function and that of control. As is known there are more ways of defining the enterprise governance starting from the simple stones, which focus on the enterprise and its shareholders, to the most complex ones incorporating individual or departamental responsability to implement a given function of the companies and which implies many other groups of persons. Responsability is the consequence of the law and reglementation application or contract agreements.
Corporate Governance Index, Firm Valuation and Performance in Brazil
André Luiz Carvalhal da Silva,Ricardo Pereira Camara Leal
Revista Brasileira de Finan?as , 2005,
Abstract: This study investigates the relationship between the quality of a firms corporate governance practices and its valuation and performance, through the construction of a broad firm-specific corporate governance index for Brazilian listed companies. The empirical results indicate a high degree of ownership and control concentration. We can also note a significant difference between the voting and total capital owned by the largest shareholders, mainly through the existence of non-voting shares. Panel data results indicate that less than 4% of Brazilian firms have good corporate governance practices, and that firms with better corporate governance have significantly higher performance (return on assets). There is also positive relationship between Tobin’s Q and better corporate governance practices although the results are not statistically significant.
semiu babatunde adeyemi,temitope olamide fagbemi
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n5p169
Abstract: The major corporate collapses and related frauds which occurred in Nigeria and around the world have raised doubts about the credibility of the operating and financial reporting practices of quoted companies in Nigeria. This stirred a number of professional and regulatory organisations to recommend reforms that will improve transparency in financial reporting and thereby increase audit quality and corporate governance practices. Although evidence of corporate governance practices and audit quality exists from developed economies, very scanty studies have been conducted in Nigeria where corporate governance is just evolving. Therefore, this study provides evidence on corporate governance, audit quality, and firm related attributes from a developing country, Nigeria. Logistic regression was used in investigating the questions that were raised in the study. Findings from the study show that ownership by non-executive director has the possibility of increasing the quality of auditing. Evidence also exist that size of the company and business leverage are important factors in audit quality for companies quoted on the Nigerian Stock Exchange. The study suggests that the composition of non-executive directors as members of the board should be sustained and improved upon in order to enhance audit quality. Keywords: Audit quality, corporate governance, ownership structure, duality, firm characteristics
Anale : Seria ?tiin?e Economice. Timi?oara , 2012,
Abstract: Value of company is maximizing insofar as can be identified and harmonized conflicts of interest between social partners of the firm, particularly between shareholders and managers. Harmonization of these interests is ensured by the corporate governance system. Accounting is the economical information system most appropriate for the governance needs. Under the current conditions, information is relevant not only by accuracy, but especially by its obtaining speed, since information achieved after the time it is needed, is not important anymore. This paper aims to show which are the main ways of accounting modernization to meet the demands of an effective governance, in the current business environment.
Inter-Firm Technology Transfer and Performance in International Joint Venture Firms  [cached]
Sazali Abdul Wahab,Haslinda Abdullah,Jegak Uli,Raduan Che Rose
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n4p93
Abstract: The main objective of this paper is to empirically examine the effects of two distinct degrees of technology transfer: degree of tacit and explicit knowledge on two dimensions of performance: corporate and human resource performances. Using the quantitative analytical approach, the theoretical model and hypotheses in this study were tested based on empirical data gathered from 128 joint venture companies registered with the Registrar of Companies of Malaysia (ROC). Data obtained from the survey questionnaires were analyzed using the correlation coefficients and multiple linear regressions. The results revealed that degree of tacit knowledge, as a distinct dimension of degree of technology transfer, has a significant effect on both corporate and human resource performances; where its effect was much stronger on corporate performance. Similarly, degree of explicit knowledge has shown consistent strong significant effects on both corporate and human resource performance; where its effect on human resource performance was found much stronger than corporate performance. The study has bridged the literature gaps in such that it offers empirical evidence on the effects of two distinct degrees of technology transfer: degrees of tacit and explicit knowledge on two dimensions of performance: corporate and human resource performances in IJVs.
Contractual Governance, Relational Governance, and Firm Performance: The Case of Chinese and Ghanaian and Family Firms  [PDF]
Samuel Addae-Boateng, Xiao Wen, Yaw Brew
American Journal of Industrial and Business Management (AJIBM) , 2015, DOI: 10.4236/ajibm.2015.55031
Abstract: Financial performance of firms is a key to long-term survival and profitability. Investors will only invest in firms whose financial performance is creditable; and family businesses are no exception. Perhaps, the performance of family businesses could be attributed to their unique characteristics, which shape their governance. Contractual governance and relational governance are corporate governance structures used to manage the relationships between parties to a transaction and reduce opportunism. Governance models of family firms are often more complex because of the need for two systems (the family and the firm) to interact positively and efficiently despite their different aims, values, institutional structures, etc. In this study, we explore the effects that contractual and relational governance models exert on family firm financial performance, from a survey of 2432 management and non-management employees of family businesses across China and Ghana.
Ownership, Governance and Enterprise Efficiency: Evidence from Ghana  [PDF]
KF Asiedu
Business and Economics Journal , 2012,
Abstract: This study estimates the efficiency levels of firms in the manufacturing sector of Ghana using a single-stage stochastic frontier technique. A five-year panel data of 135 observations made between 2005 and 2009 are considered. The results show that the frontier model instead of the traditional average response (OLS) function is an adequate representation for the data. Findings reveal that employment, capital, corporate governance, ownership, and years of firm operation/experience have reasserting influence on the productivity of the firms. However, research and development and time which are used as a proxy for technological progress are found to have negative influence on the firm’s output. The combined effects of factors involved in the technical inefficiency model are responsible in explaining the level and variations in the production of the firms in Ghana, although individual effects of some variables are not significant. Over all, private firms fared better. However, the predicted mean technical efficiency is estimated to be 38 percent. This finding indicates that there is high potential for increasing firm’s output by an average of 62 percent in the short-run without anyadditional resource by adopting the practices of the best firm.
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