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This study investigates the relation of executive cash compensation and gender characteristics of senior executives of Thai listed companies using 1,660 firm-years observations from 2009 to 2013. The findings show that male executives earn more cash compensation than do their female counterparts and that compensation is higher for male CEOs whose educational qualifications were Master’s degree or above. Companies with a higher proportion of male executives and with better firm performance (measured by ROA, ROE, and Tobin’s q) pay higher cash compensation. The results conform with the Expectancy theory that male executives receive more compensation than do female executives because of their (expected) abilities to make higher returns to the firm’s assets. Other significant determinants are that older and larger firms pay more cash compensation to the executives (Life cycle theory) and that companies with a higher proportion of independent directors (Agency Theory) and higher ownership concentrations (Stewardship theory) offer less compensation.

This study aims to examine the effects of board dynamics produced by reaching a certain proportion of women on board tasks (monitoring, strategy and advisory).

Using a panel of 35 listed companies belonging to FTSE-MIB index, for the years 2008–2015, the hypotheses can be tested by applying random effect regressions. The introduction of gender board quota law in Italy has created a quasi-natural experiment that is applied in the study.

This research provides evidence that reaching 33% women on boards, which is the threshold mandated by the Italian gender board quota law, makes a difference for strategy tasks but not for monitoring tasks. This proportion of women on boards creates the board dynamics necessary to empower all board members, allowing the varied knowledge, skills, backgrounds and personal qualities to be leveraged and used in strategy tasks. For monitoring tasks, obtaining a proportion of 20% women on boards, as a first threshold enforced by the law, is enough to voice their opinion during board meetings and challenge management.

The results show that each set of board tasks requires different dynamics trigged by a specific proportion between a minority (women) and a dominant subgroup (men). To enhance monitoring tasks performance, it is enough to reach a proportion between men and women which makes the women less isolated and more inclined to speak up during the board meetings. In the case of strategy tasks, the improved performance is achieved when the dominant group enticed to hear women’s opinions and responsive to various perspectives. This paper expands the debates going beyond monitoring tasks, showing the importance of board dynamics for engagement in strategy and advisory tasks.

Critical mass theory suggests that attaining a certain proportion of a minority group triggers transformation that improves conditions for minority group members. Using faculty gender composition as a continuous rather than categorical predictor, the present research discerns whether the proportion of women influences perceptions among STEM faculty.

STEM faculty completed a survey examining perceptions of department climate for women (i.e., advancement and discrimination) and division of work time. The proportion of women in each department was calculated.

Using multilevel modeling, we found that women (vs. men) faculty perceive less departmental advancement of women, but that a greater proportion of women in a department is related to increased perceptions that the department advances women. We did not find differences in time male or female faculty reported spending on research, teaching, or service; however, as the proportion of women in a department increases, there is a decrease in the amount of time individual male and female faculty spent on research and an increase in time spent on service. Contrary to critical mass theory, we found a linear rather than quadratic effect of proportion of women on perceptions of department climate and division of work time.

These effects may not be attributable to gender proportion alone.

Given our finding of incremental effects of proportion of women, a critical mass is not necessary or sufficient for change. Underlying problems of discrimination and stereotyping need to be addressed while recognizing that each woman hired has a positive impact.

This study aims to compare the impact of board characteristics on the performance of listed non-financial firms to the impact of board characteristics on the performance of listed financial firms (commercial banks) in Ghana.

The fixed and random effects models with generalized least square specifications are used in estimating regressions to correct for heteroscedasticity and serial correlation. Additionally, this study uses lagged models of the board variables to address the possibility of the presence of endogeneity and to generate robust estimates.

The empirical results show some similarities and differences on the impact of board characteristics on the performance of listed non-financial firms and banks. On similarities, for both non-financial firms and banks, board size is seen to have a significant non-linear impact on Tobin’s q. Also, the proportion of foreign board members shows a positively significant relationship with firm performance for both listed non-financial firms and banks. The effect of the proportion of board members with higher educational qualifications on firm performance appears to be negative and statistically significant for both sample of firms. On the other hand, the impact of board composition and board gender diversity on firm performance differs from listed banks and non-financial firms.

The panel regressions for the listed banks were run on 63 observations because of the small sample size for the listed banks. Though enough for estimation purposes, inferences from results should be made with caution.

This paper, unlike most corporate governance – firm performance studies, focuses not only on listed non-financial firms but also on listed banks. From a multi-theoretical perspective, this paper provides a comparative analysis on the impact of board characteristics on financial performance of listed non-financial firms and banks.

This paper aims to reveal the global non-synchronism that exists in the theoretical research of information science (IS) by analyzing and comparing the distribution of theory use, creation and borrowing in four representative journals from the USA, the UK and China.

Quantitative content analysis is adopted as the research method. First, an analytical framework for non-synchronism in theoretical research of IS is constructed. Second, theories mentioned in the full texts of the research papers of four journals are extracted according to a theory dictionary made before. Third, the non-synchronism in the theoretical research of IS is analyzed.

Non-synchronism exists in many aspects of the theoretical research of IS between journals, subject areas and countries/regions. The theoretical underdevelopment still exists in some subject areas of IS. IS presents obvious interdisciplinary characteristics. The theoretical distance from IS to social sciences is shorter than that to natural sciences.

This study investigates the theoretical research of IS from the perspective of non-synchronism theory, reveals the theoretical distance from IS to other sciences, deepens the communication between different subject and regional sub-communities of IS and provides new evidences for the necessity of developing domestic theories and theorists of IS.

This study introduces the theory of non-synchronism to IS research for the first time, investigates the new advances in theoretical research of IS and provides new quantitative evidences for the understanding of the interdisciplinary characteristics of IS and the necessity of better communication between sub-communities of IS.

Theory is a kind of condensed human knowledge. This paper is to examine the mechanism of interdisciplinary diffusion of theoretical knowledge by tracing the diffusion of a representative theory, the Technology Acceptance Model (TAM).

Based on the full-scale dataset of Web of Science (WoS), the citations of Davis's original work about TAM were analysed and the interdisciplinary diffusion paths of TAM were delineated, a supervised machine learning method was used to extract theory incidents, and a content analysis was used to categorize the patterns of theory evolution.

It is found that the diffusion of a theory is intertwined with its evolution. In the process, the role that a participating discipline play is related to its knowledge distance from the original disciplines of TAM. With the distance increases, the capacity to support theory development and innovation weakens, while that to assume analytical tools for practical problems increases. During the diffusion, a theory evolves into new extensions in four theoretical construction patterns, elaboration, proliferation, competition and integration.

The study does not only deepen the understanding of the trajectory of a theory but also enriches the research of knowledge diffusion and innovation.

The study elaborates the relationship between theory diffusion and theory development, reveals the roles of the participating disciplines played in theory diffusion and vice versa, interprets four patterns of theory evolution and uses text mining technique to extract theory incidents, which makes up for the shortcomings of citation analysis and content analysis used in previous studies.

Presents the scientific methodology from the enlarged cybernetical perspective that recognizes the anisotropy of time, the probabilistic character of natural laws, and the entry that the incomplete determinism in Nature opens to the occurrence of innovation, growth, organization, teleology communication, control, contest and freedom. The new tier to the methodological edifice that cybernetics provides stands on the earlier tiers, which go back to the Ionians (c. 500 BC). However, the new insights reveal flaws in the earlier tiers, and their removal strengthens the entire edifice. The new concepts of teleological activity and contest allow the clear demarcation of the military sciences as those whose subject matter is teleological activity involving contest. The paramount question “what ought to be done”, outside the empirical realm, is embraced by the scientific methodology. It also embraces the cognitive sciences that ask how the human mind is able to discover, and how the sequence of discoveries might converge to a true description of reality.

The paper aims to show the existence of the systemic yoyo structure in human thoughts so that the human way of thinking is proven to have the same structure as that of the material world.

Parallel comparison is used to reveal the underlying structure existing in human thoughts.

After highlighting all the relevant ideas and concepts, which are behind each and every crisis in the foundations of mathematics, it becomes clear that some difficulties in the authors' understanding of nature are originated from confusing actual infinities with potential infinities, and vice versa. By pointing out the similarities and differences between these two kinds of infinities, then some hidden contradictions existing in the system of modern mathematics are handily picked out. Then, theoretically, using the authors' yoyo model, it is predicted that the fourth crisis in the foundations of mathematics has appeared. And, a plan of resolution of this new crisis is provided.

This paper shows the first time in history that human thought, the material world, and each economic entity, share a common structure – the systemic yoyo structure. And it proves the arrival of the fourth crisis in mathematics by using systems modeling and listing several; contradictions hidden deeply in the foundations of mathematics.

The purpose of this paper is to understand the motives behind the levels of cash holdings and the theory that may be able to explain why these firms hold so much cash.

Annual financial data and stock prices of 192 firms from six different sectors on the Bursa Malaysia are collected for the period 2000-2007. Analysis using the non-parametric Kruskal–Wallis test is carried out to analyze industrial and time differences in cash holdings. The ordinary least square (OLS) regression technique is used to understand the relationships between various attributes with the level of cash holdings. Due to issues of endogeneity, the generalized method of moments method is also applied.

Significant differences are found to exist in the level of cash holdings between firms and across time. It is found that firms adjust to a target level of cash holdings, although this is done relatively slowly. Also, significance of firm characteristics and their relationships with cash holdings indicate that other than the pecking order theory, the trade-off theory and the agency theory can help explain the level of cash holdings of firms in Malaysia.

Most studies on cash holdings have been carried out in developed countries. Malaysia is an advanced emerging market with significant state control and firm structure being largely family-oriented. Hence, a study on a different market with different types of firm structures will contribute significantly to the existing literature on corporate cash holdings.

This paper aims to investigate the influence of company-specific attributes on capital structure decisions of Islamic banks (IBs) in Gulf Cooperation council (GCC) countries during the period 2009-2011.

To improve the econometric estimates’ efficiency, the paper uses the generalized least square (GLS) regression model to increase the levels of freedom and reduce collinearity.

The empirical results indicate that bank size, liquidity and corporate age are positively associated with the leverage ratio of GCC IBs, supporting the trade-off theory. Inconsistent with theoretical predictions, it is found that the profitability, tangibility and growth have positive insignificant relationship with the level of leverage, suggesting these determinants are not important in capital structure decisions. Furthermore, gross domestic product (GDP) and non-debt tax shield have negative effects on the leverage ratio and significant for GDP.

Overall, the evidence provided in the study highlights the significance of company-specific characteristics in determining and affecting the capital structure decisions of IBs in GCC countries. It is useful to use these variables in the analysis of IBs’ capital structure in the GCC region before the financial crisis in 2007. One limitation for this study is that the sample is restricted to only the Islamic banking sector. Future research could include all Islamic financial institutions (IFIs) operating within the Gulf region. Second, the study only concentrates on GCC countries to the neglect of other countries. Finally, the study controls for the country level only and does not account for firm factors. Future research could consider all these limitations. Another possible avenue is by examining other variables, such as corporate governance mechanisms.

Despite that most previous studies investigated the determinants of the capital structure of financial conventional industries, research on Islamic banking is almost non-existent. Moreover, the extant literature on Islamic finance has been theoretically explored, and the empirical research regarding capital structure is still in the infancy stage. Accordingly, it is evident that based on the Islamic trade-off perspective, theoretical hypotheses and empirical findings provide a novel addition to the capital structure theory for IFIs.