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THE new library building has been open for six months now. It is pleasantly situated in an area of new buildings, and occupies a prominent island site just on the edge of the…
Abstract
THE new library building has been open for six months now. It is pleasantly situated in an area of new buildings, and occupies a prominent island site just on the edge of the shopping centre. The old library was in the middle of a shopping area, and it has been interesting to note that our removal from that site has had a more considerable effect on the traffic pattern than one would have thought.
Yasir Abdullah, Nurwati A. Ahmad-Zaluki and Nazahah Abd Rahim
The purpose of this paper is to review the current status of research works on corporate social responsibility disclosure (CSRD) in both non-Asian and Asian countries. It seeks to…
Abstract
Purpose
The purpose of this paper is to review the current status of research works on corporate social responsibility disclosure (CSRD) in both non-Asian and Asian countries. It seeks to provide an overview of existing literatures to facilitate future research.
Design/methodology/approach
The present study used the content analysis of 64 empirical research papers from 41 countries from 1990 to 2020 to show the rapid development of and global focus on CSRD. Various CSRD measures had been used in previous researches on the extent and quality of disclosure.
Findings
Company characteristics, namely, company size, age, profitability, industry, share price performance and corporate governance mechanisms and their impact on CSRD, were investigated. Crucial variances between the determinants of CSRD in non-Asian and Asian countries were also reviewed. In non-Asian countries, especially the advanced ones, specific stakeholders such as regulators, the environment, shareholders, ownership and media are considered very significant in the disclosure of CSR information. Meanwhile, in Asian countries, CSRD is more affected by external strength and stakeholders, which include international capital markets, creditors, the environment, international media and ownership.
Research limitations/implications
The determinants of CSRD, namely, community, workplace, environment and marketplace issues received very little pressure from the public. This paper suggests that there is a need for more studies examining CSRD in non-Asian and Asian (emerging) countries.
Social implications
Business organisations in non-Asian and Asian countries should take social practices into consideration in their CSRD decision-making. This review highlights the significance of merging organisational and social activities.
Originality/value
This study adds value by examining CSRD aspects that were not reviewed in previous studies on CSRD in non-Asian and Asian countries. This study provides a comprehensive review of the determinants of CSRD in both non-Asian and Asian countries.
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The 2008 Crash (the Crash) has been attributed to the dominance of financialized corporate governance, particularly an increased shareholder value rhetoric. Following the Crash…
Abstract
Purpose
The 2008 Crash (the Crash) has been attributed to the dominance of financialized corporate governance, particularly an increased shareholder value rhetoric. Following the Crash, this extreme narrative is understood to have become less financialized through increasingly favouring stakeholders. The purpose of this research is to investigate this often-accepted view using field theory, wherein managers' biases in the value-creating process result from an interconnected, dynamic, multi-actor discourse.
Design/methodology/approach
Various domains across the UK’s corporate governance environment, from the perspective of field theory, generate the complex discourse: corporate and regulatory domains, stakeholder organizations such as the press and think tanks. Domain-specific corpora, representative of this multi-actor field, were constructed, with financialization analysed by assessing managers’ altering biases concerning the relative importance of shareholders and stakeholders (amongst other factors like time horizon) to value creation.
Findings
Highlights of the multiple findings include the following: corporate narrative about value creation became less financialized following the Crash, yet favouring shareholders, while the multi-actor discourse for the UK economy as a whole became slightly more financialized.
Originality/value
Analysing a multi-actor discourse is complex. And this, to the best of the author’s knowledge, is the first study of its kind, and only made possible with the original methodology of narrative staining. The approach, while having particular relevance to field theory, is applicable to many other narrative-based research scenarios.
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Gauges of the extent of the managerial hierarchy drawn from occupational classifications appear to promise a comprehensive and precise overview of cross‐national comparative…
Abstract
Gauges of the extent of the managerial hierarchy drawn from occupational classifications appear to promise a comprehensive and precise overview of cross‐national comparative developments in work organisation. This paper considers the plausibility of the national historical shifts apparent from such gauges, and explores their comparative relation to alternative indications of work organisation, focusing on the experience of eleven advanced industrialised nations in the post‐war period. It shows that whilst it is clear that in the cases of some nations such gauges meaningfully express at least the comparative extent of managerial hierarchies, it is equally clear that for other nations they do not. The paper concludes that occupational classifications are no basis for inferences about comparative developments in the extent of managerial hierarchies, still less work organisation.
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The purpose of this article is to study the impact of the related parties' transactions (RPTs) on firm value, and to identify the ownership and governance characteristics of…
Abstract
Purpose
The purpose of this article is to study the impact of the related parties' transactions (RPTs) on firm value, and to identify the ownership and governance characteristics of companies that engage in this type of transactions.
Design/methodology/approach
The paper uses 3SLS simultaneous model carried out on a sample of 85 companies listed on the Paris Stock Exchange during the period 2002‐2005.
Findings
The results show that RPTs are mainly influenced by the voting rights held by the main shareholder, the size of the board of directors, the degree of independence enjoyed by the audit committee and the board of directors, the choice of external auditor, the debt ratio and the fact of being listed in the USA. Mainly the transactions carried out directly with the main shareholders, directors and/or managers that have a negative influence on firm value.
Research limitations/implications
In future studies, it will be interesting to test the impact of the level of expertise as well as the level of qualification in the field of accounting and finance of the members of the French audit committees on the frequency of RPTs.
Originality/value
The current research complements prior studies on the RPT by showing that the frequency of RPTs can be damaging to companies and can destroy their market value.
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Rita Marcella, Graeme Baxter, Susan Parker and Sylvie Davies
Compares the selective European information services in France and the UK, stating that whereas France gathers information from official documentation and its representations in…
Abstract
Compares the selective European information services in France and the UK, stating that whereas France gathers information from official documentation and its representations in the EC in Paris and Marseille, the UK got its European information from three surveys, including two degree surveys. Maintains that French academic librarians are Civil Servants employed by central government and have limited access to European Documentation Centres (EDC), unlike their British counterparts whose libraries, over hundreds of years, have evolved into a self‐governing institution, much better funded and able to provide information at local authority level where European responsibility has been significantly added to since the signing of the Single European Act in 1986.
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