International corporate governance: A review and opportunities for future research

  • Review Article
  • Published: 03 April 2019
  • Volume 50 , pages 457–498, ( 2019 )

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research proposal on corporate governance pdf

  • Ruth V. Aguilera 1 , 2 ,
  • Valentina Marano 1 &
  • Ilir Haxhi 3  

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We review four decades of research about the corporate governance of multinational corporations (MNCs), which we label International Corporate Governance (ICG). We identify and discuss three main streams of research that draw on different conceptualizations and theoretical lenses of (corporate) governance. After synthesizing their respective findings, we propose several avenues for future research that integrate these three streams of research with the goal of developing a more nuanced understanding of ICG. We hope this review article will inspire international business scholars to continue examining how corporate governance can be an effective tool for MNC success.

Dans cet article, nous passons en revue quatre décennies de recherche sur la gouvernance d’entreprise des firmes multinationales (FMN), que nous appelons Gouvernance internationale des sociétés (GIS). Nous identifions et discutons trois grands courants de recherche qui s’appuient sur différents angles conceptuels et théoriques de la gouvernance (d’entreprise). Après avoir résumé leurs résultats respectifs, nous proposons plusieurs pistes futures de recherche qui intègrent ces trois axes de recherche dans le but de développer une compréhension plus nuancée de la GIS. Nous espérons que cet article de synthèse inspirera les spécialistes de l’ international business pour continuer à examiner comment la gouvernance d’entreprise peut être un outil efficace pour le succès des FMN.

En este artículo, revisamos cuatro décadas de investigación sobre el gobierno corporativo de una empresa multinacional (EMN), que etiquetamos como Gobierno Corporativo Internacional (GCI). Identificamos y discutimos tres corrientes de investigación que se basan en diferentes conceptualizaciones y lentes teóricos de gobierno (corporativo). Después de sintetizar sus hallazgos respectivos, proponemos diferentes avenidas para la investigación futura que integra estas tres corrientes de investigación con el objetivo de desarrollar una comprensión más matizada del GCI. Esperamos que este artículo de revisión inspire a los académicos de negocios internacionales a continuar examinando como el gobierno corporativo puede ser una herramienta efectiva para el éxito de las EMN.

Neste artigo, revisamos quatro décadas de pesquisas sobre a governança corporativa de corporações multinacionais (MNCs), as quais denominamos Governança Corporativa Internacional (ICG). Identificamos e discutimos três principais correntes de pesquisa que se baseiam em diferentes conceituações e lentes teóricas da governança (corporativa). Depois de sintetizar suas respectivas conclusões, propomos vários caminhos para futuras pesquisas que integram essas três correntes de pesquisa com o objetivo de desenvolver uma compreensão mais sutil da ICG. Esperamos que este artigo de revisão inspire acadêmicos de negócios internacionais a continuar examinando como a governança corporativa pode ser uma ferramenta eficaz para o sucesso das MNCs.

在本文中,我们综述了四十年来关于跨国公司(MNCs)公司治理的研究, 我们将其称为国际公司治理(ICG)。我们确定并讨论了三个主要的利用了(公司)治理不同概念和理论视角的研究分支。在综合了它们各自的研究结果后, 我们提出了未来研究的几种途径, 将这三个研究分支整合在一起, 旨在开发对ICG更细微的理解。我们希望这篇综述文章能启发国际商务学者继续研究公司治理如何能成为跨国公司成功的有效工具。

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Acknowledgements

The authors gratefully acknowledge comments and suggestions from Professor Benito (Editor) and three fantastic anonymous referees, conference participants at the Academy of Management’s 2018 Annual Meeting in Chicago, the International Corporate Governance Society’s 2018 Annual Meeting in Shanghai, and the 2018 Strategic Management Society’s Special Conference in Oslo. All errors remain ours.

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Aguilera, R.V., Marano, V. & Haxhi, I. International corporate governance: A review and opportunities for future research. J Int Bus Stud 50 , 457–498 (2019). https://doi.org/10.1057/s41267-019-00232-w

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Research Proposal on 'Corporate Governance of Financial Institutions in Bangladesh'

11 Pages Posted: 3 May 2015

Syed A. Mamun, PhD, FCMA

Credit Rating Information and Services Limited; Universiti Utara Malaysia - School of Accountancy

Date Written: October 14, 2012

This research proposal is developed to investigate the corporate governance practices of financial institutions in Bangladesh, and to examine the impact of corporate governance practices on the financial performance of the firms.

Keywords: corporate governance index, firm perforamnce, financial insitutions

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RESEARCH PROPOSAL Corporate Governance for insurance companies in Mauritius

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Sumon Kumar Das

This study examines the impact of corporate governance mechanisms on firm's performance on listed conventional banking companies at Dhaka Stock Exchange (DSE). Based on existing empirical studies, five key attributes of corporate governance (board size, the proportion of independent directors on board, the proportion of female directors on board, institutional ownership and size of audit committee) have been selected to identify their influence on firm's financial performance. Tobin's Q (a market-based performance measure) and Return on Asset-ROA (an accounting based performance measure) consider as financial performance measures. Using OLS as a method of estimation, the results provide evidence of a significant negative relationship between the performance of the firm and the proportion of independent directors on board as well as size of the audit committee. The result also provides evidence of a significant negative relationship between Tobin's Q and institutional ownership but a positive and insignificant between ROA and institutional ownership. Furthermore, there is a negative relationship between the proportion of female directors in board and the performance of the firm but is not significant. Board size as predictor variable is negative and insignificant with Tobin's Q.

research proposal on corporate governance pdf

sciepub.com SciEP , Happy C H U K W U D I K E A . Ibe

This study investigated the effect of corporate governance on financial performance of Insurance companies in Nigeria. The study adopted ex-post facto research design and panel data covering five year period from 2011-2015 for twenty insurance companies. The study examined a range of corporate governance mechanisms such as board size, board independence, executive directors' remuneration, non-executive directors' remuneration, directors' ownership, institutional ownership, foreign ownership and the study controlled the effect of the firm size using log of total assets. The Fixed effects model was used to evaluate the effect of these corporate governance mechanisms on financial performance of Nigerian insurance companies. The fixed effect econometric estimates showed that, board size and non-executive directors' remuneration have negative and significant effect on financial performance proxy by return on assets (ROA). While board independence, and institutional ownership indicated positive and significant impact on the financial performance as predicted by agency theory. However, contrary to theoretical predictions executive directors' remuneration, directors' ownership, and foreign ownership did not make significant impact on the financial performance of Nigerian insurance companies. However, the fixed effect econometric estimator employed in this study indicated that corporate governance mechanisms affects the financial performance of Insurance companies in Nigeria. Therefore, the study recommends among other things that the board be restructured to a manageable size, and suggested that a performance-based remuneration be design for the directors. In addition, more non-executive directors should be appointed to the corporate board to enhance the effectiveness of the board in aligning the interest of the stakeholders.

THANKOM ARUN

Md Abu Talha Mridha

The Corporate governance practices are important components in the management and control of an organization affairs. It is concerned with the rules and procedures for making decisions on corporate affairs and provides the structure through which the company objectives are set as well as the means of attaining and monitoring the performance of those objectives. The literature on corporate governance has stirred a lot of debate and led to the large body of theoretical and empirical research. The study examined the effect of corporate governance on the financial performance of SACCO's in Kiambu County. The outcomes from this study indicate that board's compensation will positively contribute to farm's performance. The study thus concludes that compensation of the board positively influence the financial performance of deposit taking Sacco's. The study also found out that structure influences the financial performance of deposit taking Sacco's. It was established that structure of the Sacco positively influenced the financial performance of deposit taking Sacco's. The study thus concludes that 'structure of the firm positively influence the financial performance of deposit taking Sacco's. It was also established that structure of the Sacco positively influenced the financial performance of deposit taking Sacco's. The study thus concludes that structure of the firm positively influence the financial performance of deposit taking Sacco's. The outcomes from this study also indicate that board's compensation will positively contribute to firm's performance. As a result, this study recommends that it is necessary or Sacco's to consider an appropriate and competitive compensation level of board's members. The compensation will provide abettor link between shareholders and firm's management and this link will enhance firm's performance to maximize shareholders " value.

Umair Nazir

Tukur Garba

Olayinka, M Ifayemi

The objective of this study is to empirically investigate the relationship between corporate governance (measured by Board Structure index, Ownership Structure index and Audit Committee index) and firm's performance (measured by Return on Asset) of selected Nigerian manufacturing companies. The study adopted ex-post facto research design. Random sampling was used to select 30 companies out of a total population of 45 manufacturing companies listed on the Nigerian Stock Exchange, for a time period of 2010 to 2014. Secondary data (financial and non-financial) were collected from the annual reports and accounts of the selected listed manufacturing companies. Multiple regression analysis and descriptive statistics were used in analyzing the data. F-stat and t-stat were used to test the hypothesis. The results of the study show that Board structure index had a significant positive relationship with performance (ROA) of the sampled manufacturing companies. Also, it was found that Audit committee index had a positive but insignificant relationship with the performance (ROA) of the sampled manufacturing companies, while Ownership structure index had an insignificant negative relationship with performance (ROA) of the sampled manufacturing companies. In conclusion, the study revealed that the performance indicator (ROA) related with each component of the Corporate Governance Index in a peculiar manner. It is therefore suggested that reform efforts should be directed towards improving the corporate governance of listed Nigerian manufacturing companies, especially emphasis should be devoted to the variables of Ownership Structure and Audit Committee.

European Scientific Journal ESJ

This paper aims to critically review the existing literature on the relationship between the Corporate Governance aspect of board gender diversity, and its influence on corporate performance. This review specifically evaluates theoretical and empirical literature related to board gender diversity and corporate performance with an aim of establishing areas of gaps for further research. In particular the paper identifies some of the important theoretical, operational, measurement, contextual and methodological drawbacks in previous researches and literature that restrict generalization of results to particular contexts, sectors and larger populations. Additionally, several research avenues are proposed for in-depth understanding of the relationship between board gender diversity and corporate performance. Finally, the implication of the study on policy, theory and practice are discussed. Corporate Governance and Board Gender Diversity The concept of corporate governance has continued to elicit lots of scholarly debate owing to multi-dimensionality and multidisciplinary definitions .Among economists and legal scholars, corporate governance is defined as defense of shareholders' interests (Tirole, 2001) Alternately, Shleifer & Vishny, (1997) defined corporate governance as the process though which suppliers of finance to corporations gain assurance of return on their investment. Hill & Jones (2001) assert that corporate governance from a managerial perspective refers to the controls used to ensure that managers' actions are consistent with the interest of key constituent shareholders. From these definitions, corporate governance generally depicts the process which determines the purpose of the organization (whom exists to serve) and how

arifur khan

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