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Article
Publication date: 1 October 2003

Joris Claessens, Claudia Díaz, Caroline Goemans, Jos Dumortier, Bart Preneel and Joos Vandewalle

With the worldwide growth of open telecommunication networks and in particular the Internet, the privacy and security concerns of people using these networks have…

Abstract

With the worldwide growth of open telecommunication networks and in particular the Internet, the privacy and security concerns of people using these networks have increased. On the one hand, users are concerned about their privacy, and desire to anonymously access the network. On the other hand, some organizations are concerned about how this anonymous access might be abused. This paper intends to bridge these conflicting interests, and proposes a solution for revocable anonymous access to the Internet. Moreover, the paper presents some legal background and motivation for such a solution. However, the paper also indicates some difficulties and disadvantages of the proposed solution, and suggests the need for further debate on the issue of online anonymity.

Details

Internet Research, vol. 13 no. 4
Type: Research Article
ISSN: 1066-2243

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Article
Publication date: 1 May 2002

Abstract

Details

Library Hi Tech News, vol. 19 no. 5
Type: Research Article
ISSN: 0741-9058

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Article
Publication date: 11 August 2021

Samah El Hajjar, Elie Menassa and Talie Kassamany

Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance in the post-Sarbanes–Oxley (SOX) period, this paper aims to…

Abstract

Purpose

Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance in the post-Sarbanes–Oxley (SOX) period, this paper aims to investigate how this change varies with the methods of payment used for the deals.

Design/methodology/approach

Deductive in nature and using an event study approach, this paper uses a sample of 675 deals between 1999 and 2006 to test three research hypotheses in a pre-post setting.

Findings

Results show that at the aggregate level, there is a significant improvement in the market performance of US acquirers around the announcement day in the aftermath of the passage of SOX 2002. Considered separately, both US stock acquirers and cash acquirers did not experience any significant improvement in market performance in the post-Sarbanes–Oxley period. These results are robust to controlling for governance, firm and deal variables, as well as industry and year fixed effects.

Research limitations/implications

Exploratory in nature, the results are to be interpreted in light of the sample size and the period under investigation.

Practical implications

The results provide evidence for regulators and legislators on the contribution of SOX 2002 to curbing managerial misconduct. Significant improvement in the market performance also signals more confidence in managerial decisions and a reduction in agency problems. The insignificant change in stock acquirers’ market performance can be an indication that policymakers should exert more efforts to improve shareholders' confidence in the quality of disclosure.

Originality/value

This investigation provides unique insights on whether SOX has been effective in mitigating mispricing concerns associated with stock-financed acquisitions and whether it was effective in moderating the governance mechanism associated with cash-financed acquisitions.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

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Article
Publication date: 17 September 2021

Ajab Khan

This study aims to investigate the impact of ownership structure and board characteristics on dividend policy in the listed Turkish firms between 2013 and 2019.

Abstract

Purpose

This study aims to investigate the impact of ownership structure and board characteristics on dividend policy in the listed Turkish firms between 2013 and 2019.

Design/methodology/approach

This study uses the probability of paying dividends, dividend payout ratio and dividend yield measures. The suitable regression procedures (logit, probit and Tobit models) are used to examine the research hypotheses by focusing on a panel data set drawn from the Borsa Istanbul (BIST) 100 index, excluding financial and utility firms.

Findings

The empirical findings indicate that institutional and concentrated ownerships are significant and positively associated with dividend payouts, whereas family ownership does not influence dividend policy. On the other end, board size is positive, while chief executive officer duality is negatively related to dividend policy. Additionally, the female directors and board independence are insignificant in influencing firms to pay high dividends.

Research limitations/implications

Future researchers can validate this paper’s findings by considering the stock dividends as well. Additionally, future researchers may investigate the relationship between these constructs by extending the sample size of firms listed on BIST or in other emerging markets.

Practical implications

This study’s findings may serve policymakers, regulators, investors and academic researchers to get valuable guidance from relevant literature. The Turkish firms may improve dividend policy by implementing the regulatory framework introduced by the Capital Markets Law in 2012 for effective monitoring and protecting the minority shareholders’ rights. The controlling shareholders may alleviate principal-principal conflicts by ensuring the independence of directors and increasing the number of female directors according to the critical mass of at least 30% of board members.

Originality/value

This study contributes to agency theory and signaling theory by considering ownership structure and board attributes among Turkish firms related to dividend payments.

Details

Corporate Governance: The International Journal of Business in Society, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 26 September 2009

Koen Mondelaers, Joris Aertsens and Guido Van Huylenbroeck

This paper aims to perform a meta‐analysis of the literature comparing the environmental impacts of organic and conventional farming and linking these to differences in…

Abstract

Purpose

This paper aims to perform a meta‐analysis of the literature comparing the environmental impacts of organic and conventional farming and linking these to differences in management practises. The studied environmental impacts are related to land use efficiency, organic matter content in the soil, nitrate and phosphate leaching to the water system, greenhouse gas emissions and biodiversity.

Design/methodology/approach

The theoretic framework uses the driver‐state‐response framework and literature data were analysed using meta‐analysis methodology. Meta‐analysis is the statistical analysis of multiple study results. Data were obtained by screening peer reviewed literature.

Findings

From the paper's meta‐analysis it can conclude that soils in organic farming systems have on average a higher content of organic matter. It can also conclude that organic farming contributes positively to agro‐biodiversity (breeds used by the farmers) and natural biodiversity (wild life). Concerning the impact of the organic farming system on nitrate and phosphorous leaching and greenhouse gas emissions the result of the analysis is not that straightforward. When expressed per production area organic farming scores better than conventional farming for these items. However, given the lower land use efficiency of organic farming in developed countries, this positive effect expressed per unit product is less pronounced or not present at all.

Original value

Given the recent growth of organic farming and the general perception that organic farming is more environment friendly than its conventional counterpart, it is interesting to explore whether it meets the alleged benefits. By combining several studies in one analysis, the technique of meta‐analysis is powerful and may allow the generation of more nuanced findings and the generalisation of those findings.

Details

British Food Journal, vol. 111 no. 10
Type: Research Article
ISSN: 0007-070X

Keywords

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