Journal of corporate governance, insurance and risk management最新文献

{"title":"Good and transparent management of state-owned companies – reality or utopia?","authors":"Janez Balantič","doi":"10.51410/JCGIRM.7.1.4","DOIUrl":"https://doi.org/10.51410/JCGIRM.7.1.4","url":null,"abstract":"Certain tasks in the Republic of Slovenia are in the domain of the state or local community. In order to carry out these tasks, state-owned or public companies have been established.The management of such companies is not always good and transparent, and as a result, it often leads to considerable damage to public property. Such situations are mostly caused by poor management by the management boards, and rarely by poor and inadequate control by the supervisory boards. They are also the result of poor and inadequate communication between the management and supervisory boards. Unfortunately, poor governance does not occur in isolated cases and the mismanagement of such companies is often only introduced to the public through affairs that are presented in the media.There are, however, also some positive exceptions with good and transparent corporate governance that bring profits to the shareholders and, consequently, lower the prices of individual services for citizens.","PeriodicalId":147045,"journal":{"name":"Journal of corporate governance, insurance and risk management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114980119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Characteristics of the hidden economy in Hungary before and after the regime change","authors":"É. Fenyvesi, T. Pinter","doi":"10.51410/JCGIRM.7.2.1","DOIUrl":"https://doi.org/10.51410/JCGIRM.7.2.1","url":null,"abstract":"Lately, economists and policymakers have been paying even closer attention to the hidden economy. Indeed, it makes a difference to the economy how much money goes into the state coffers. To uncover the hidden economy, however, it is necessary to be familiar with its nature and manifestations. In this paper, with the aid of previous research and literature, we attempt to illustrate the characteristics of the hidden economy in Hungary before and after the regime change and to map out the steps that have been taken to uncover it. This publication was preceded by a systematic literature review on the definition, causes, and effects of the hidden economy, consisting of the collection of both data and literature related to the domestic hidden economy. The following summarizes the results from the synthesis of literature: The Hungarian hidden economy existed even before the regime change and took a variety of different forms. These include tips, bribes, informal payments, unauthorized work and patchwork, moonlighting, unauthorized rental of real estate, use of the social property for personal gain, gains from the infringement of customs and exchange law, tax fraud by craftsmen and retailers, theft of public property, and corruption. Since 1990, not only have the dynamics of the hidden economy strengthened, but its types of activities have changed significantly as well. These include, but are not limited to: omitting a portion of revenue from the register; recognizing non-incurred material production costs among expenditures; including an excessive portion of personal household maintenance costs among production costs; organizing business and study trips abroad; finder’s fee; end-of-year depreciation or ‘transfer’ of inventories; wages of registered employees paid out of pocket; employment of unreported employees; parallel company formation; the economic activity of unincorporated individuals and the income generated thereby. The following are among the concrete steps taken in recent years to uncover the Hungarian hidden economy: the temporary employment booklet; the simplified entrepreneurial tax; the Electronic Trade and Transport Control System; online cash registers; the connection of vending machines to the tax office.","PeriodicalId":147045,"journal":{"name":"Journal of corporate governance, insurance and risk management","volume":"123 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124804900","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Increasing tourism through social entrepreneurship – the case of Croatia","authors":"M. Radic, Ivona Jukić, Antonija Roje","doi":"10.51410/JCGIRM.7.1.3","DOIUrl":"https://doi.org/10.51410/JCGIRM.7.1.3","url":null,"abstract":"Social entrepreneurship is a relatively new topic of interest within the academic and the literature on it is limited. With the increase of interest in recent years from various interest groups, the concept of social enterprise has become more widespread. The purpose of this paper is to explore the link between social entrepreneurship and voluntourism, as one of the types of special interest tourism. Voluntourism, according to the concept of sustainable community development, relate all the stakeholders of such development. Moreover, social entrepreneurship could become an important vehicle for sustainable development of destinations. This paper proposes that niche tourism products and more specifically, voluntourism projects, under the prism of social entrepreneurship, can become the means towards Croatian product diversification and long-term environmental, social and economic sustainability. Quantitative research was conducted and the methodology entails a case study approach. Results indicate that there is a limited number of projects concerning social entrepreneurship in voluntourism in Croatia and also that discussed projects are not recognized. This study assessed the situation in Croatia and although it was comprehensive under conditions of limited data availability, it cannot speak to social entrepreneurship in voluntourism globally, but it can offer a foundation for future research in this area.","PeriodicalId":147045,"journal":{"name":"Journal of corporate governance, insurance and risk management","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131572642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Governance Guideline Relevance To Maltese Family Public Interest Companies A Small State Perspective","authors":"P. J. Baldacchino, K. Cachia, N. Tabone, S. Grima, F. Bezzina","doi":"10.51410/JCGIRM.7.2.2","DOIUrl":"https://doi.org/10.51410/JCGIRM.7.2.2","url":null,"abstract":"The objectives of this paper are to investigate the relevance of\u0000guidelines on good corporate governance (CG) to family public\u0000interest companies (PICs) within the small state of Malta and to\u0000recommend how existing guidelines may be improved and tailored\u0000for such companies. An explanatory mixed-methods empirical\u0000approach is adopted with a structured questionnaire being first\u0000administered to 17 respondents in 12 PICs owned by different\u0000families. This was then followed by semi-structured interviews with\u0000the representatives of 11 of these PICs. Findings indicate that there is\u0000a need for the existing guidelines to be improved for them to become\u0000more in line with the needs of PICs which are characterised by\u0000dominant family interests. In this respect, this paper recommends\u0000possible principles and guidelines that may be used by the relevant\u0000authorities either to improve the existing PIC guidelines or to issue a\u0000new set of guidelines aimed specifically for family PICs. Given the\u0000peculiarities of such companies, it is clear that the guidelines have to\u0000contain elements that address the CG structure, such as the need to\u0000formally document a family governance plan. Clearer guidance is\u0000needed on the appointment and composition of the Board of\u0000Directors, on the employment, conduct, compensation and\u0000performance evaluation of managers, as well as on the composition of\u0000the ownership of family PICs. Additionally, the paper concludes that\u0000a relevant factor for family PICs in carrying out improvements to\u0000their CG is that they continue to place more importance than other\u0000PICs to their continued existence.","PeriodicalId":147045,"journal":{"name":"Journal of corporate governance, insurance and risk management","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132509418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}