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Omer Berkman and Shlomith D. Zuta

We investigate the association between attributes of the audit committee of a firm and the likelihood of negative events occurring in the firm’s life in Israel. The…

Abstract

We investigate the association between attributes of the audit committee of a firm and the likelihood of negative events occurring in the firm’s life in Israel. The mandate of the audit committee in Israel is substantially different from its mandate in the US. The responsibilities of the committee in the US are divided between two committees in Israel, one of which deals with reviewing the financial statements and the other one, titled “audit committee,” is in charge of the remaining tasks of the US-type audit committee. This allows us a unique opportunity to focus on the roles of the audit committee other than reviewing the financial statements. Using hand-collected data on firms traded on Tel Aviv Stock Exchange in 2010–2014, we find that the larger the audit committee size, the larger the likelihood of negative events, consistent with the cumbersome workings and potential conflicts of interests characterizing a large committee. The percentage of directors with accounting and financial expertise on the audit committee is associated with a lower likelihood of negative events, in line with the value of such experts in tasks beyond reviewing the financial statements. The fraction of independent directors on the audit committee is not found to be significantly related to the likelihood of negative events. This is consistent with the notion that some independent directors are independent in form but not necessarily in substance, which is surprising in light of the comprehensive regulation regarding audit committee independence imposed by the Israeli regulator.

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Article

IN the editorial columns of our last issue we asked the question, “What of Plymouth?” We are pleased to be able to announce that Mr. Fred. Cole, Chief Librarian and…

Abstract

IN the editorial columns of our last issue we asked the question, “What of Plymouth?” We are pleased to be able to announce that Mr. Fred. Cole, Chief Librarian and Curator of Huddersfield, has been appointed. Mr. Cole leaves Huddersfield with a splendid record as an indefatigable worker and organizer. Labouring under great difficulties he raised the standard of the Library to a high state of efficiency, and his recently‐organized Music Section has brought a host of appreciations and unqualified praise. We congratulate Mr. Cole on his appointment and wish him every success in his new sphere, where he will find even more scope for his energies and undoubted enthusiasm.

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New Library World, vol. 27 no. 5
Type: Research Article
ISSN: 0307-4803

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Stéphane Farenga

This chapter presents a form of both co-participation theory and artful inquiry methodology as useful approaches in carrying out research into the student experience…

Abstract

This chapter presents a form of both co-participation theory and artful inquiry methodology as useful approaches in carrying out research into the student experience. Participatory Pedagogy is predicated on repositioning participants as co-producers of knowledge by introducing them to important aspects of the research, providing a platform to foster expression and affording opportunities to co-shape the research process. Artful inquiry can take many different forms, but collage in particular has the capacity to bring new meanings to the surface even in well-researched fields, such as the student experience. In supporting a Participatory Pedagogy approach, collage can unpack powerful testimonies of personal experience. A practical application of this pairing is also presented based on research into the student experience. This gives readers an insight into how it can be applied to a study, what its limitations might be and especially how students, particularly those from under-represented backgrounds, can benefit from being involved.

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Theory and Method in Higher Education Research
Type: Book
ISBN: 978-1-80043-321-2

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Amélie Charles, Rey Dang and Etienne Redor

Numerous empirical studies have been conducted to analyze the impact of board gender diversity (BGD) on firm performance without being able to establish a clear…

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Numerous empirical studies have been conducted to analyze the impact of board gender diversity (BGD) on firm performance without being able to establish a clear relationship. In this paper, we reassess the relationship between BGD and firm performance by using a quantile regression approach. Our results indicate that BGD matters only across a subset of the firm performance distribution. Moreover, when the possible endogeneity of the relationship between BGD and firm performance is taken into account, there are some conditions under which a positive and significant relationship is observed for the eight lowest quantiles.

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International Corporate Governance and Regulation
Type: Book
ISBN: 978-1-78756-536-4

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Knowing, Becoming, Doing as Teacher Educators: Identity, Intimate Scholarship, Inquiry
Type: Book
ISBN: 978-1-78441-140-4

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Knowing, Becoming, doing as Teacher Educators: Identity, Intimate Scholarship, Inquiry
Type: Book
ISBN: 978-1-78441-140-4

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Knowing, Becoming, doing as Teacher Educators: Identity, Intimate Scholarship, Inquiry
Type: Book
ISBN: 978-1-78441-140-4

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Knowing, Becoming, Doing as Teacher Educators: Identity, Intimate Scholarship, Inquiry
Type: Book
ISBN: 978-1-78441-140-4

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Article

Roger Mumby‐Croft

Analyses the relationship between concepts of enterprise and hierarchy and what effects both terms mean in the growth and development of companies. The method chosen to…

Abstract

Analyses the relationship between concepts of enterprise and hierarchy and what effects both terms mean in the growth and development of companies. The method chosen to examine these issues is that of a case study of a UK trawling company. Attempts to look at the issue of a company management in a lateral way, not so much comparing enterprise and hierarchy to try and prove one or the other is the main reason for company success or failure, but to look at their relationship over a long period of time. Firms need to keep a capacity to be entrepreneurial in order to develop properly but they also need rigour to provide stability. However, as this case study proves, it would appear that a solely hierarchical management structure is more likely to be the norm after the founding entrepreneur has vacated power than the mixed needed to ensure ongoing viability.

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Management Decision, vol. 39 no. 1
Type: Research Article
ISSN: 0025-1747

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Helen Wei Hu and Ilan Alon

Stewardship theory is an emergent approach for explaining leadership behavior, challenging the assumptions of agency theory and its dominance in corporate governance…

Abstract

Purpose

Stewardship theory is an emergent approach for explaining leadership behavior, challenging the assumptions of agency theory and its dominance in corporate governance literature. This study revisits the agency and stewardship theories by seeking to answer whether chief executive officers (CEOs) in China are committed stewards or opportunistic agents.

Design/methodology/approach

Based on 5,165 observations of 1,036 listed companies in China over the period 2005–2010, the results suggest that the corporate governance mechanisms developed from the agency theory in the West are not necessarily applicable in the Chinese context.

Findings

This study supports the stewardship theory in its findings that empowering CEOs through the practice of CEO duality and longer CEO tenure have a positive effect on firm value in China. Additionally, the positive relationships between CEO duality, CEO tenure and firm value are strengthened by the number of executive directors on the board, and weakened by the number of independent directors on the board.

Practical implications

One size does not fit all. Leadership behaviors in China do not follow the agency assumptions inherent in Western practices, rather they favor the conditions of positive leadership expressed by the stewardship theory. Assuming that the motivations of managers in emerging markets such as China are similar to those in the West may lead to a poor fit between governance policies and the institutional context.

Originality/value

As one of the few studies to connect the theoretical debate between the agency and stewardship theories, this study presents new evidence to support the stewardship theory, thereby strengthening its theoretical importance and relevance in corporate governance literature.

Details

Emerging Market Firms in the Global Economy
Type: Book
ISBN: 978-1-78441-066-7

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