Purpose This study aims to investigate the moderating role of executive compensation on relationship between education and bankruptcy risk within frameworks upper echelons, human capital agency theories. Design/methodology/approach research uses a data set encompassing 3,170 firm-year observations from 2005 2016 advanced regression analysis, including two-stage least square (2SLS) propensity score matching methods. Findings The analysis shows that higher intensifies negative risk. suggests...

Purpose This study examines the efficacy of compensation in encouraging corporate executives to promote social responsibility (CSR). In particular, it closely effect a golden parachute (GP) on an executive's behavior toward CSR. Design/methodology/approach uses longitudinal data 1,301 US firms for period from 1993 2013. The comes Compustat, MSCI ESG STATS, RiskMetrics and ExecuComp. Findings We find inverse association between current long-term compensations GP firms' However, test...

Purpose Talented managers arguably remain quintessential to firm value and performance. While the literature offers evidence for long-term orientation of talented managers, there is a paucity on short-term performance managers. Here, we examine relationship between managerial talent working capital management (WCM). Design/methodology/approach This study primarily employs panel fixed-effect method controlling firm-year firm-industry non-financial non-utility firms years 1980 through 2016....

Purpose The authors revisit the inquiry into primacy of shareholders vis- à -vis stakeholders that has been debated since 19th Century. consider B-business firms as closest groups have considerable similarities to stakeholders' firms. model impact being certified (B-business) in a worldwide environment. Design/methodology/approach Employing daily returns data B-corporations global setting during 2010–2021, quantify and compare firms' performance pre- post-certified periods, measure effect...

In this study, we empirically investigate the relation between firm executives' education and compensation levels value in non-state-owned Chinese listed firms. We closely examine whether executive moderates relationship value. Using a sample of 6,674 firm-year observations from 2005–2016, find that firms with more educated executives have better values. Furthermore, our results show executive's level enhances positive association. Our findings lend credence to similar studies suggest can enhance

We examined the relations between environmental, social, and governance (ESG) activities performance of subsidiaries multinational corporations (MNCs). further investigated moderating effect market-oriented organizational culture on relationship ESG performance. Employing generalized least square regression analysis using survey data, we show that MNC are positively associated with financial non-financial These results suggest improves subsidiaries. The test for shows it weakens positive...

Purpose The purpose of this paper is to investigate the relationship between corporate board co-option and employee welfare practices. Design/methodology/approach authors employ several analysis techniques including univariate analysis, OLS regressions, Poisson propensity score matching methodology. sample consists US public firms for period 1996–2017. variables interest are index (EWI) proposed by Ghaly et al. (2015) ratio Coles (2014). Findings find that with a higher fraction co-opted...

The adverse effect of corruption has been widely investigated in literature. Corruption is said to hamper both economic and human development. A foe transparency ethical business ambiance, promotes a trans-lucid accounting milieu. In this paper we investigate the governmental framework set Sub-Saharan countries. This contributes research literature regarding government accountability, by developing new index measure which incorporates socio-economic indicators accountability. Using index,...

This study investigates the effect of COVID-19 global pandemic on relationship between corporate social responsibility (CSR) and a firm’s sustainability. Prior studies related topics empirically argue that CSR activities are highly likely to positively impact If this is true, firms engage in should demonstrate higher degree sustainability than their counterparts during recent pandemic. Using sample 390 Korean listed companies from 2019 2020, we find has no significant with firm value...

Purpose The purpose of this paper is to examine the influence bank structure and earnings management on performance in international markets. Specifically, authors empirically non-foreign banks following emerging countries: Brazil, China, India, Mexico, Nigeria, Russia, South Africa. Design/methodology/approach A review loan loss portfolio bank’s power examined formulate testable conjectures. used data collected from Bankscope for aforementioned countries. range 1997 2009. Findings results...

Purpose The purpose of this paper is to investigate the influence executive compensation on propensity manage earnings. In particular, authors examine an contractual clause known as a golden parachute (hereafter GP interchangeably used). Usually, triggering occurs for following reasons: in takeover, termination employment, and if remains with company through recessionary cycle. Specifically, ask questions: firms that their CEO have GP, do these earnings more? Does age matter adopted...

We revisit the debate on whether a firm’s corporate social responsibility (CSR) activities enhance firm value. Research related topics has produced mixed results suggesting need to further investigate factors that directly or indirectly impact CSR–firm value association. To this end, we examine if adoption of golden parachute (GP) moderates relationship between CSR and also diversity-based innovation as it pertains gender executives reveals any difference in relation. Using sample 11,065...

The eminent presence of globalization coupled with the advancement information technology continues to penetrate and integrate societies nations in a manner previously unknown. To stay competitive, most countries advocate implement policies amenities encourage technological acceptance adaptability. In this study, we investigate into factors explaining diffusion ICT its impact on economic activities. gauge such, examine influence country’s orientation. Our rationale is that greater extent...

The adverse effect of corruption has been widely investigated in literature. Corruption is said to hamper both economic and human development. A foe transparency ethical business ambiance, promotes a trans-lucid accounting milieu. In this paper we investigate the impact structuring country’s governmental framework set Sub-Saharan countries. This contributes research literature regarding government accountability, by developing new index measure which incorporates socio-economic indicators...

Purpose A seemingly certain commonality in the extant literature is that firms engage practice of managing earnings do so to massage their performance. The purpose this paper examine pecuniary effect prior cost capital and a firm’s location on propensity for manage earnings. Design/methodology/approach This study uses longitudinal data US from COMPUSTAT Center Research Security Prices 1980 2010 an average 1,627 firms. authors apply several regression methods – namely: least squares...

We investigate if local banks performance in the emerging or frontier market is affected by extent to which managers manipulate their financial statements and banking structure. An aberration from extant literatures that have either focused mainly on developed societies juxtapose a handful of countries bank into datasets, here our inquest analyses are fixed markets. Our investigation find earnings management as proxy loan loss allowance structure concentration ratio were inversely...