{"title":"Corporate Governance in Founders’ Controlled Companies","authors":"M. Aluchna","doi":"10.13165/IE-13-7-2-04","DOIUrl":"https://doi.org/10.13165/IE-13-7-2-04","url":null,"abstract":"Transition process had a significant impact on the corporate governance in Poland leading to the emergence of new control patterns and institutions. The transition changed the characteristics of shareholder structure of companies shifting ownership from public to private hands. The implemented reforms not only led to privatization of state owned enterprises, but also contributed to the development of newly founded companies. Currently, companies set up after 1989 constitute a dominant group of listed companies’ population depicting their specific corporate governance characteristics. These companies reveal ownership concentration and are often controlled by founders adopting pyramidal structures. The article presents the phenomenon of pyramidal structures discussing the ownership structure of Polish listed companies. It also illustrates the issues with data as well as short presentation of case studies of three founder’s controlled companies, which use pyramids and reveal strong control by their founders.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115369818","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":"Influence of Selected Organisational Factors on Innovation","authors":"Jasna Prester, M. G. Božac, Morena Paulišić","doi":"10.56578/jcgirm02s202","DOIUrl":"https://doi.org/10.56578/jcgirm02s202","url":null,"abstract":"","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128882923","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":"Performance of State Owned Electric Utilities – Case of Bosnia and Herzegovina, Slovenia and Croatia","authors":"I. Todorović, Maja Daraboš, Mojca Duh","doi":"10.56578/jcgirm02s203","DOIUrl":"https://doi.org/10.56578/jcgirm02s203","url":null,"abstract":"One of the biggest questions battling governments is performance of Electric Utilities, as they are one of the biggest resources and largest State Owned Enterprises. This issue became more important as electricity market has been liberalized and fully opened. Before market liberalization state owned Electric Utilities operated in monopoly market where competition was not possible. Therefore, due to market liberalisation existing companies have to be more competitive than before in order to grow and survive new competition from EU countries. Paper analyses performance of State Owned Electric Utilities from Bosnia and Herzegovina, Slovenia and Croatia. Measuring the success of the State Owned Electric Utilities is based on the analysis of financial statements for period from 2008 to 2012, using indicators of profitability. Electricity market in Slovenia and Croatia have been fully opened in analyzed period while electricity market in Bosnia has been closed. The results reveal that State Owned Electric Utilities operating in opened market have better performance and are more competitive than State Owned Electric Utilities which operate in closed market. The broad conclusion that emerges from the results is that market opening and new competition entering markets has pushed companies to improve their governance practices and performance in order to survive on the market.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"2011 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127358337","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":"Developing Financial Distress Prediction Model for Companies Going Public: Accounting, Macroeconomic, Market, and Industry Approaches","authors":"Nilmawati Nilmawati, S. H. Satoto","doi":"10.56578/jcgirm020101","DOIUrl":"https://doi.org/10.56578/jcgirm020101","url":null,"abstract":"This research is to construct a model for an accurate prediction of financial \u0000distress by finding and including other variables outside the \u0000data/information derived the accounting reports. The population of this \u0000research is composed of all the non-financial companies listed on the \u0000Indonesia Stock Exchange. As for the samples, they are the companies \u0000experiencing financial distress which is indicated by their negative profits \u0000in two consecutive years; and the control group is composed of the \u0000companies in the same industry group with the total asset of almost the \u0000same as that of the companies experiencing financial distress; only that \u0000these companies do not experience financial distress.The model to \u0000construct the financial distress prediction is the Binary Logistic \u0000Regression. The results show that the variables of the group of financial \u0000ratios, namely liquidity, profitability, leverage, activity, and cash flow, can \u0000be used as the variables for the financial distress prediction. However, the \u0000variables of the group of market and macroeconomic ratios cannot be \u0000employed to predict. Meanwhile, the variable of the group of industry \u0000treated as a moderating dummy variable does not indicate to have any \u0000moderating influence on the variables of financial ratio that previously \u0000proved to have significant influence on the possibility of the financial \u0000distress of a company.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128131235","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":"An Analysis of Machine Effectiveness on the Production Line by Using Overall Equipment Effectiveness (OEE) Method Based on Total Productive Maintenance (TPM) Principle (A Study Case of Ball Tea Machine in PT Kabepe Chakra)","authors":"Aysha Herdiwan, S. Widiyanesti","doi":"10.56578/jcgirm020108","DOIUrl":"https://doi.org/10.56578/jcgirm020108","url":null,"abstract":"Total Productive Maintenance (TPM) is an approach in Preventive Maintenance which can be used by a company to evaluate the effectiveness of the company’s facility. This evaluation is conducted to improve the facility value of Overall Equipment Effectiveness (OEE) and to eliminate the main loss known as The Six Big Losses. TPM is a maintenance approach focusing on the equipment which is suitable to be implemented on the manufacture company and production industries. This research is conducted on the Ball Tea machine in PT Kabepe Chakra which is a production machine to dry tea. The calculation of OEE value is conducted based on the data in January-December 2014, the calculation results show that the OEE value is 59.30897433% and it is still under the World Class standard. The calculation of Six Big Losses shows that the percentage of the most dominant of machine losses is on the Set-Up and Adjustment Loss which is 42.6768183%. The research results can be used to show that the effectiveness of Tea Ball machine still has to be improved by focusing on the most dominant loss elimination.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125132798","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":"Online Purchase Intention of Tablets (PC): Role of Social Media and Learning Style","authors":"Bidyanand Jh, K. Balaji","doi":"10.56578/jcgirm020104","DOIUrl":"https://doi.org/10.56578/jcgirm020104","url":null,"abstract":"","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"320 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123491043","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":"Internet Banking Adoption and Usage in Zimbabwean Commercial Banks: An Analytical Approach","authors":"Magweva Rabson, Maribha Shiri","doi":"10.56578/jcgirm020107","DOIUrl":"https://doi.org/10.56578/jcgirm020107","url":null,"abstract":"","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133482010","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":"An Output Driven Analytical Construct on the Choice Criteria of Indian Consumers for Organized New Retail Outlets","authors":"D. Swain","doi":"10.56578/jcgirm020110","DOIUrl":"https://doi.org/10.56578/jcgirm020110","url":null,"abstract":"","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129139849","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}
D. T. Alamanda, Chintya Faradita Putri, G. Anggadwita
{"title":"Conflict Resolution Analysis Using Graph Model for Conflict Resolution (GMCR) Approach (A Case Study in Conflict and Cooperation Agreement Between IDT and IDMT)","authors":"D. T. Alamanda, Chintya Faradita Putri, G. Anggadwita","doi":"10.56578/jcgirm020103","DOIUrl":"https://doi.org/10.56578/jcgirm020103","url":null,"abstract":"This study uses the Graph Model for Conflict Resolution (GMCR) as an approach to describe the optimal solution for resolving the conflict which happened between IDT and its subsidiary IDMT. This conflict arose when IDMT used IDT’s 2.1 frequency band. The main players in the conflict is IDT with its subsidiaries namely IDMT. The other parties involved in the conflict were KTI NGO, Central Jakarta District Court, Attorney General's Office and Policy Institute (MCIT and Administrative Court). The method used in this research is qualitative research that uses literature review as a tool for data collection Based on the stability analysis, The equilibrium scenario for all the parties in frame I and frame II was the first scenario. The first scenario happened when, KTI NGO reported that there was an alleged misuse of mobile cellular network in the frequency of 2.1 GHz / 3G conducted by IDT and IDMT. IDT and IDMT sent out a counter report stating that they had been extorted by KTI NGO. The Central Jakarta District Court then concluded that KTI NGO had been guilty of extorting IDT and IDMT. However the Attorney General's Office continued their investigation on IDT and IDMT because of their suspected misuse of mobile cellular network and on the Policy Institute who defended IDT and IDMT. Based on the outcome of the conflict as reported on online news portals, it can be concluded there is correlation between the outcome of the conflict and the stable solution (equilibrium) generated through the GCMR approach. The implications of this study can be used as a reference for the Indonesian government and stakeholders in the telecommunications industry to resolve similar conflict in the telecommunications cooperation agreement.","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134007964","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}
N. Habidin, Farah Izzaida Mohd Zamri, Nursyazwani Mohd Fuzi, Mad Ithnin bin Salleh, N. Latip
{"title":"Green Lean Six Sigma, Managerial Innovation and Financial Performance in Automotive Industry","authors":"N. Habidin, Farah Izzaida Mohd Zamri, Nursyazwani Mohd Fuzi, Mad Ithnin bin Salleh, N. Latip","doi":"10.56578/jcgirm020105","DOIUrl":"https://doi.org/10.56578/jcgirm020105","url":null,"abstract":"","PeriodicalId":404632,"journal":{"name":"Journal of Corporate Governance, Insurance, and Risk Management","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115013881","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}