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Corporate Social Responsibility Reporting, Pyramidal Structure And Political Interference: Evidence From China
Get PDFThis paper attempts to investigate the relation between pyramidal structure and corporate social responsibility (CSR) reporting quality and the effect of political interference on the relation. Based on 1388 Chinese A-share listed firms during 2010-2012, this paper demonstrates that the separation between control and ownership rights is significantly and positively related to the CSR reporting quality in the state-owned firms (SOFs), while negatively related to the CSR reporting quality in the non-state-owned firms (NSOFs). Results also indicate that the pyramidal layer between the bottom firms and their top ultimate owners is negatively related to CSR reporting quality, particularly significant for the NSOFs. Our research enriches the corporate governance literature by giving insights into the mechanism of pyramidal structure in corporate reporting, and extends the understanding of political interference in the CSR field. This study has public policy implications for China as well as a number of other countries in the Asia–Pacific region.
The Influence Of Ethical Leadership On Managerial Performance: Mediating Effects Of Mindfulness And Corporate Social Responsibility
Get PDFIn a continuing world of corporate misdeeds and unscrupulous decision making, much of the management and academic literatures points to the incomplete knowledge of the consequences of ethics leadership. One of the bastions of ethics gatekeeping in the firm is the CFO but remarkably scant information can be found on their perceptions concerning ethics leadership. This study addresses this void by examining mindfulness and corporate social responsibility (CSR) initiatives as new mediating linkages in comprehending the influence of ethics leadership on managerial performance. Findings reveal that ethical leadership is positively associated with CSR initiatives which, in turn, operate to enhance managerial performance. Simultaneously, ethical leadership manifests a significant positive relationship with mindfulness but, surprisingly, there is no corresponding relationship with managerial performance. Instead, mindfulness indirectly influences managerial performance through the intervening effects on CSR initiatives. These findings suggest that firms can acquire better managerial performance by focusing efforts on CSR strategies, bringing cognitive processes of mindfulness to bear on these actions, and grooming ethics leadership. In addition, the results offer researchers new relationships to model in the leadership domain.
Determinants Of Foreign Direct Investment: The Case Of Emerging Markets
Get PDFThis paper aims to investigate the relationship between Determinants of Foreign Direct Investment (FDI) inflows and their determinants in 68 Emerging Markets between1984-2011. This paper uses a panel cointegration technique of Pedroni (1999, 2004) and Westerlund and Edgerton (2008) considering both structural breaks and cross-sectional dependence. Cointegration results indicate that there exists a positive long-run relationship between economic growth, openness and FDI and a negative long-run relationship between inflation, real effective exchange rate and FDI
Empirical Investigation Into Customer Adoption Of Islamic Banking Services In Tunisia
Get PDFThis paper seeks to identify the main factors influencing the adoption of Islamic banking by conventional bank customers in Tunisia. Based on a primary data collected by self-administered questionnaires involving a sample of 239 respondents located in Tunis City, the results of this study demonstrate that religious commitment, the amount of information held by consumers about Islamic finance, the relative advantage of Islamic banking and its compatibility with consumer values, lifestyle, and banking habits are predictors of its adoption. However, it is worth noting that social influence does not have any effect on customers’ decisions to use this new banking service. The findings also reveal that there is a general lack of information about the Islamic banking among Tunisian consumers. By identifying the drivers of Islamic banking acceptance among potential adopters, this paper aims to help bank managers target their actions and strategies more effectively
The Effect Of Short-Term Debt On Accrual Based Earnings Management And Real Earnings Management
Get PDFThis study investigates whether short-term debt is related to earnings management. Short-term debt is divided into total current liabilities, debt in current liabilities and short-term borrowings. In addition, this study examines how short-term debt is related to how firms manage their earnings. I use discretionary accruals and real operating decisions as the earnings management method. The study finds that debt in current liabilities only has a statistically significant impact on accrual earnings management, and short-term borrowings are only shown to have a statistically significant impact on real earnings management. These results indicate that managers engage in accrual earnings management of debt included in current liabilities and use real earnings management of short-term borrowings from financial institutions.Therefore, this evidence indicates that managers engage in accrual earnings management of debt in included current liabilities when they face the liquidity risk of short-term debt, and the firms with debt financing constraints are likely to manage real earnings in spite of enhanced firm monitoring by lenders such as financial institutions. The findings in this study may have implications in the debate about the monitoring function of financial institutions such as banks
Mediating Role Of Socialization Towards Relationship Between Personality And Job Satisfaction
Get PDFThis research aims to explore the mediating effect of socialization on the relationship between personality and job satisfaction. Furthermore, to explore which personality traits can serve as predictors towards job satisfaction, targeting the bank branch managers in Pakistan by questionnaire in this Cross Section study. From the analysis, we found: (1) socialization has a mediating effect on the relationship between personality and job satisfaction, (2) Among five factors of Personality, Extraversion, Conscientiousness and Neuroticism are found to be significant predictors to determine Job Satisfaction. In conclusion, this research discusses the theoretical and practical connotations of the research results and proposed recommendations for follow-up studies
Trend Of Earnings Quality Under IFRS Era: In Case Of Korea
Get PDFKorea has decided to adopt International Financial Reporting Standards (IFRS) since 2011 in order to enhance quality of financial accounting information. However, there are certain issues that fair value accounting of IFRS may deteriorate earnings quality. I investigate whether the proxies of earnings quality used in Francis et al. (2004) such as persistence, predictability, accrual quality, and smoothness are influenced after the adoption of IFRS in Korea. I find that the trend of persistence and predictability quality shows decreasing patterns over time, suggesting that the deterioration of consistency with local GAAP may have a negative impact on the proxies of earnings quality. However, the difference of earnings quality between in post-IFRS era and pre-IFRS is not significant. In other words, trend of earnings quality after the adoption of IFRS is improved. My results mean that the trend of earnings quality in Korea shows V-shaped line, indicating that IFRS is well established and successful accounting standards in Korean capital market
Signaling Strength And The Announced Size Of An Open-Market Repurchase
Get PDFAn open question exists as to whether the announced size of an open-market repurchase (OMR) possesses positive signaling effects. Relying on short sales that occur during the five trading days that follow an OMR announcement as an indication of the signaling effect of the size of the OMR program, I find that post-announcement short sales tend to decrease with positive returns surrounding OMR announcements but that post-announcement short sales do not decrease with the announced size of an OMR program. Therefore, I conclude that while announcements of OMR programs serve as positive signals, in general, the announcement of a larger OMR program does not possess a stronger positive signal.
Rural Entrepreneurship: An Insight Into Impeding Factors Influencing Micro-Entrepreneurial Growth
Get PDFThe call for the growth of successful entrepreneurial activities across the globe raised the need to determine the influencing factors affecting micro-entrepreneurial growth. Hence, this study adopted a cross-sectional survey design to examine determinants of micro-entrepreneurial growth among micro-entrepreneurs. Two hundred and eighty-two micro-entrepreneurs were sampled through snowball and convenience techniques. The findings showed that stepwise multiple regression analysis identified four models in the prediction of micro-entrepreneurial growth. Specifically, operational challenge (? = -.35, p < .001), lack of support, ? = -.17, p < .001), workforce challenge (? = .22, p < .001), and personal factors (? = -.21, p < .01) are significant predictors of micro-entrepreneurial growth. The findings were discussed in line with the literature while recommendations in terms of decision-making applications, and provision of developmental programs in assisting rural entrepreneurship for enhancement of growth were suggested
The Effect Of Auditor Change On Initial Audit Fee Discount And Non-Audit Services
Get PDFThe purpose of this research is to verify whether non-audit services are provided without additional fees at the initial audit as a strategy to win an external audit contract, which could give the appearance of initial audit fee discount. From the results, non-audit services are provided at the initial audit, and the initial audit fee is discounted accordingly, only when the independent auditor is changed from a Big 4 accounting firm to a non-Big 4 accounting firm. However, there is no meaningful relevance in any other types of changes. Therefore, if the auditor is changed from a Big 4 accounting firm to a non-Big 4 accounting firm, non-audit services are provided without additional fees in order to win an external audit contract, and the publication of audit fees with a division between the audit service fee and the non-audit service fee may give the appearance of a discounted audit service fee