1,721,074 research outputs found
Alessandro Zattoni and William Judge (eds): IPOs around the world: a review of Corporate Governance and Initial Public Offerings—An International Perspective
No full textL'informativa di bilancio nelle imprese familiari di piccole dimensioni: caratteri distintivi e aspetti evolutivi.
No full textSOMMARIO: 1. I fattori che incidono sulla funzione informativa del bilancio nelle imprese familiari. 2. Funzione, obiettivi e attese informative nella comunicazione esterna delle imprese familiari. 3. I caratteri del “familismo” nei prospetti di bilancio. 4. Verso un nuovo modello di bilancio per le imprese familiari: riflessioni critiche e spunti per la ricerca
The importance of group-fit in new director selection
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Director selection is an important yet under-researched topic. The purpose of this paper is to contribute to extant literature by gaining a greater understanding into how and why new board members are recruited. \ud
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This exploratory study uses in-depth interviews with Australian non-executive directors to identify what selection criteria are deemed most important when selecting new director candidates and how selection practices vary between organisations. \ud
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The findings indicate that appointments to the board are based on two key attributes: first, the candidates’ ability to contribute complementary skills and second, the candidates’ ability to work well with the existing board. Despite commonality in these broad criteria, board selection approaches vary considerably between organisations. As a result, some boards do not adequately assess both criteria when appointing a new director hence increasing the chance of a mis-fit between the position and the appointed director. \ud
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The study highlights the importance of both individual technical capabilities and social compatibility in director selections. The authors introduce a new perspective through which future research may consider director selection: fit. \ud
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Originality/value\ud
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The in-depth analysis of the director selection process highlights some less obvious and more nuanced issues surrounding directors’ appointment to the board. Recurrent patterns indicate the need for both technical and social considerations. Hence the study is a first step in synthesising the current literature and illustrates the need for a multi-theoretical approach in future director selection research
Percorsi evolutivi della corporate governance. Il ruolo del consiglio di amministrazione dall'agency theory a una prospettiva di contingency
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Corporate Sustainability: the Fit between Demand and Measurement
No full textIn the last two decades corporate sustainability has gained significant attention from both research and practice, and fundamentally shapes managerial decision-making, investors’ pricing of financial instruments as well as policy-makers envisaging taxes (or levies) on certain industries or production-types. In this article we focus on two aspects among the several surfacing in the literature: (a) who is interested in corporate sustainability, and why? And (b) how to overcome and reconcile issues related to measurement and assessment of sustainability performance. I argue that the debate on corporate sustainability can be approached from several perspectives (e.g., society, investors, and regulators) and each has its unique features (e.g., sustainability is in the eye of the beholder); in turn, such differences matter also in terms of measurement and disclosure. The latter is the field in which most of the progresses are expected to be made in the future
Quantitative data analysis: a companion for accounting and information systems research
No full textThis book offers postgraduate and early career researchers in accounting and information systems a guide to choosing, executing and reporting appropriate data analysis methods to answer their research questions. It provides readers with a basic understanding of the steps that each method involves, and of the facets of the analysis that require special attention. Rather than presenting an exhaustive overview of the methods or explaining them in detail, the book serves as a starting point for developing data analysis skills: it provides hands-on guidelines for conducting the most common analyses and reporting results, and includes pointers to more extensive resources. Comprehensive yet succinct, the book is brief and written in a language that everyone can understand - from students to those employed by organizations wanting to study the context in which they work. It also serves as a refresher for researchers who have learned data analysis techniques previously but who need a reminder for the specific study they are involved in
Invisible Ties: Implicit Contracting and Its Implications for the Agency Relationship in Corporate Governance Research
Full text linkResearch that applies agency theory to boards of directors suffers from being quite narrow as it does not recognize the true legal relationships between directors, managers and shareholders. Instead, the board of directors is best conceptualized as the principal, management as agents and stockholders’ relationships as a mix of legal and implicit contracts. I propose a recast agency relationship and develop a contingency approach that proposes (1) how a corporation’s goals vary with a board’s implicit contracting and (2) a reconceptualization of the agency problem facing boards
Director tenure and contribution to board task performance: A time and contingency perspective
Full text linkDirector tenure is a topic of great interest in the corporate governance debate. Researchers try to assess the effects of tenure on director contribution, board effectiveness and firm performance. Regulators, corporations, and institutional investors advocate for term limits for outside directors to reduce the risks of impaired governance. Despite the burgeoning interest, there is lack of consensus on the mechanisms shaping directors' contributions over time. We argue that next to the ‘loss of independence’ and ‘knowledge acquisition’ hypotheses, respectively predicting a negative and positive effect of tenure on task performance, socio-cognitive and behavioral approaches elucidate the way in which directors' contributions rise and decline with time. Using a multiple case study approach, we document wide variability in directors' contributions at similar levels of tenure. We find this is due to a series of contingencies including whether directors are novice or experienced, the frequency and nature of board interactions, and the relative power of a director. This variability is particularly clear in longer serving directors for whom we find polarizing results: while some grow stale in the saddle, others sustain high levels of contribution despite extreme tenures. The latter finding is at odds with agency-based assumptions and general predictions from the literature. Overall, our study offers a tentative explanation as to why setting an ‘ideal’ tenure for outside directors has proven so difficult and encourages boards and policy makers to consider the influence of director-level features as well as board dynamics in shaping directors' contributions
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