Procedia Economics and Finance最新文献_第6页

Drivers of Corporate Social Responsibility Disclosures: Evidence from Turkish Banking Sector 企业社会责任披露的驱动因素:来自土耳其银行业的证据☆

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-06-14 DOI: 10.1016/S2212-5671(16)30171-X

Ahmet Akin , İlker Yilmaz

引用次数: 19

Corporate Governance Practices and Firm Performance: Evidence from Top 100 Public Listed Companies in Malaysia 公司治理实践与公司绩效:来自马来西亚百强上市公司的证据☆

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00036-8

Shafie Mohamed Zabri, Kamilah Ahmad, Khaw Khai Wah

{"title":"Corporate Governance Practices and Firm Performance: Evidence from Top 100 Public Listed Companies in Malaysia","authors":"Shafie Mohamed Zabri, Kamilah Ahmad, Khaw Khai Wah","doi":"10.1016/S2212-5671(16)00036-8","DOIUrl":"10.1016/S2212-5671(16)00036-8","url":null,"abstract":"<div><p>Corporate governance practices have been a concerned issue by many Asian countries after the Asian Financial Crisis in 1997 including Malaysia. Due to the crisis, Malaysian Code of Corporate Governance (MCCG) has been introduced as part of the Bursa Malaysia (BMB) listing rules. This study hence focuses on corporate governance practices among Top 100 public listed companies in Bursa Malaysia and the relationship between corporate governance practices with firm performance. Two corporate governance's indicators (Board size and Board Independence) were chosen in testing the hypothesized relationship between corporate governance practices with firm performance, which was measured by return on asset (ROA) and return on equity (ROE). Descriptive and correlation analysis were used to examine the hypotheses in this study. The result showed that board size has significantly weak negative relationship with ROA but it was found to be insignificant to ROE. The other finding indicated that there was no relationship between board independence and firm performance. This study provide useful information for policy makers or regulators in improving the corporate governance policies in the future and also helps in increasing understanding on the relationship between corporate governance practices and firm's performance.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 287-296"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00036-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86811740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 201

Corporate Governance and Corporate Performance of Malaysian Companies: Examining from an Islamic Perspective 马来西亚公司治理与公司绩效:伊斯兰视角下的审视

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00019-8

Juliana Anis Ramli , Mohd Ismail Ramli

{"title":"Corporate Governance and Corporate Performance of Malaysian Companies: Examining from an Islamic Perspective","authors":"Juliana Anis Ramli , Mohd Ismail Ramli","doi":"10.1016/S2212-5671(16)00019-8","DOIUrl":"10.1016/S2212-5671(16)00019-8","url":null,"abstract":"<div><p>Good corporate governance (CG) has been widely linked to the corporate performance. Based on the traditional agency theory, maximising the shareholders’ value denotes the aim to gain better performance through profit maximisation. Taking from a different view, this study attempts to examine to which extent the companies with good CG scores will have good performance from an Islamic perspective (proxied by profit measurement). This study also intends to investigate whether the board attributes as internal governance mechanisms could exert significant influence towards a) overall corporate performance, and b) striving either for profit maximization or moderation. The data is gathered through conducting a content analysis of corporate annual reports of top 50 largest companies (which ranked based on good CG performance). The empirical results indicate that those directors who hold professional accounting qualification are statistically associated with lower total revenues. However, none of the directors’ attributes appears to have significant association with the four proxies of corporate performance. The findings further provide evidence that all board attributes fail to prove their significant influence on the profit moderation as well as profit maximization.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 146-155"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00019-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73858479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Review of Economic Freedom Impact on FDI: New Evidence from Fragile and Conflict Countries 经济自由对外国直接投资的影响:来自脆弱和冲突国家的新证据

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-06-14 DOI: 10.1016/S2212-5671(16)30187-3

Mohamed Moussa , Havva Çaha , Murat Karagöz

引用次数: 17

Safety Culture Behaviour in Electronics Manufacturing Sector (EMS) in Malaysia: The Case of Flextronics 马来西亚电子制造业(EMS)的安全文化行为:以伟创力为例

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00056-3

Muhammad Safizal Abdullah , Yusuf Hj Othman , Abdullah Osman , Shahrul Nizam Salahudin

{"title":"Safety Culture Behaviour in Electronics Manufacturing Sector (EMS) in Malaysia: The Case of Flextronics","authors":"Muhammad Safizal Abdullah , Yusuf Hj Othman , Abdullah Osman , Shahrul Nizam Salahudin","doi":"10.1016/S2212-5671(16)00056-3","DOIUrl":"10.1016/S2212-5671(16)00056-3","url":null,"abstract":"<div><p>The prevention of work-related injury and illness is of crucial importance to employees, industry and society as a whole. Corporate safety culture is now generally accepted as having a strong influence over workplace accidents and injuries. After implementation of Occupational Safety and Health (OSH) in the organization, there have been an improvement in term of safety in the workplace. However, there are still some cases of accident being reported even after the organizations’ management provided training, introducing stricter rules and regulation regarding safety, and provides proper equipment to employee. Hence, the study is carried out in order to examine the effect of employees’ attitude and subjective norm toward safety culture behaviour in organization. The study was conducted in manufacturing service industry in Malaysia, and data collection was done at Flextronics Penang Sdn Bhd, a company in the northern part of Malaysia. Data were collected through 196 survey questionnaires distributed to operators (90 respondents), technician (52 respondents) and engineer (27 respondents) in Flextronics Penang Sdn Bhd. The results showed that safety culture behaviour is significantly influenced by employee's attitude and subjective norm. Based on the findings, several recommendations are being put forward in order to improve the safety culture behaviour among employees in the organization. For future research in the same area, it is being recommended to include management commitment, leadership, safety education, and training under scrutiny in order to understand its relationship with safety culture behaviour among employees.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 454-461"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00056-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78002006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 20

The Longitudinal Study of Earnings Management: Analysis on Companies Financial Abilities 盈余管理的纵向研究:基于公司财务能力的分析[j]

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00018-6

Nik Mohd Norfadzilah Nik Mohd Rashid , Rohaya Md Noor , Norazam Matsuki , Nor Azlina AbRahman , Normah Omar

{"title":"The Longitudinal Study of Earnings Management: Analysis on Companies Financial Abilities","authors":"Nik Mohd Norfadzilah Nik Mohd Rashid , Rohaya Md Noor , Norazam Matsuki , Nor Azlina AbRahman , Normah Omar","doi":"10.1016/S2212-5671(16)00018-6","DOIUrl":"10.1016/S2212-5671(16)00018-6","url":null,"abstract":"<div><p>The aim of this paper is to provide empirical evidences of the relationships between the financial abilities towards in the financial statement to the earnings management level (EM) among of public sector companies on Bursa Malaysia from year 2001 until 2012. Primarily, the initial samples comprised 375 selected public listed companies with 4500 firm-years observation. From the samples, those companies who have not implied with the earnings management activities was excluded as a sample of the study. Thus, the final sample of this study was comprises 3971 firm-years observation. The study was adopted the Kothari Model as a measurement model for earnings management level in the business organization. Meanwhile, the findings of this study indicated significant relationships between earnings ability (EAB), financial structure's ability (FSAB), debt repaying ability (DRAB) and non-financial factors (NFF) towards the earnings management level (EM) in the business organization. Therefore, these evidences can be used as new financial mechanisms to potential and existing stakeholders in order to assist them for any decision making purposes.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 136-145"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00018-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84676042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Is Pai a Sustainable Tourism Destination? Pai是可持续发展的旅游目的地吗

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-07-16 DOI: 10.1016/S2212-5671(16)30322-7

A. Nilnoppakun, K. Ampavat

引用次数: 14

Modeling Asia's Child Mortality Rate: A Thinking of Human Development in Asia 亚洲儿童死亡率建模:亚洲人类发展的思考

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00031-9

Anwar Fitrianto , Imam Hanafi , Tan Li Chui

引用次数: 4

An Evolution of Mudarabah Contract: A Viewpoint From Classical and Contemporary Islamic Scholars 穆达拉巴契约的演变:古典与当代伊斯兰学者的观点

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00043-5

Noraina Mazuin Sapuan

{"title":"An Evolution of Mudarabah Contract: A Viewpoint From Classical and Contemporary Islamic Scholars","authors":"Noraina Mazuin Sapuan","doi":"10.1016/S2212-5671(16)00043-5","DOIUrl":"10.1016/S2212-5671(16)00043-5","url":null,"abstract":"<div><p>Currently, in the competitive Islamic financial system, <em>mudarabah</em> (profit sharing) is seen as an alternative mechanism in financing techniques that differentiate it from the conventional financing that consist interest mechanism<strong>.</strong> Since its introduction, <em>mudarabah</em> (profit sharing) has gone through various evolution to fulfill the needs of the fast-developing Islamic financial market. However, in the current Islamic financial system, <em>mudarabah</em> (profit sharing) has become less preferable compared to Islamic debt financing instruments such as <em>murabahah</em> and <em>bai’ bithaman ajil</em>. This is caused by the existence of asymmetric information that continuously presents in mudarabah (profit sharing) contracts and creates problems of adverse selection and moral hazard. Due to this, <em>mudarabah</em> (profit sharing) has declined it importance as a financing vehicle. Therefore, the objectives of this study are twofolds, first, to examine the thought and evolution of <em>mudarabah</em> (profit sharing) from the viewpoints of classical and contemporary Islamic scholars and second, to evaluate the asymmetric information that continuously exist in this type of contract.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 349-358"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00043-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91393952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 43

Effect of Bank-Based or Market-Based Financial Systems on Income Distribution in Selected Countries 以银行为基础或以市场为基础的金融体系对特定国家收入分配的影响

Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-21 DOI: 10.1016/S2212-5671(16)30067-3

Zeynab Sedghi Moradi , Mohammadreza Mirzaeenejad , Gholamreza Geraeenejad

引用次数: 22