Template-Type: ReDIF-Article 1.0 Author-Name: Md. Habibullah Author-X-Name-First: Md. Author-X-Name-Last: Habibullah Author-Name: Mohammad Ashraful Ferdous Chowdhury Author-X-Name-First: Mohammad Ashraful Ferdous Author-X-Name-Last: Chowdhury Author-Name: Md. Mamunur Rashid Author-X-Name-First: Md. Mamunur Author-X-Name-Last: Rashid Title: Governance quality and stock returns: evidence from an emerging economy-Bangladesh Abstract: This study aims to examine the effects of governance quality on stock returns using the context of an emerging and developing economy-Bangladesh. To this end, this study collected data from 118 non-financial companies listed on the Dhaka Stock Exchange over ten years (2010 to 2019). This study applied the traditional (fixed effects and random effects) and dynamic panel models, including the system generalised method of moments (GMMs), to test the hypothesised relationship. The panel models found that governance quality has a significant and positive impact on stock returns. The quantile regression results also found that good governance plays a significant positive role in all companies irrespective of their financial performance. However, the impact of macroeconomic and corporate variables was found heterogeneous based on the firm's profitability, as indicated by quantile regression. The study's findings have important policy implications, specifically in developing a sound capital market by enhancing country-level governance quality. Journal: Int. J. of Business Governance and Ethics Pages: 28-47 Issue: 1 Volume: 20 Year: 2026 Keywords: stock return; governance quality; corporate factors; macroeconomic factors; quantile regression; Bangladesh. File-URL: http://www.inderscience.com/link.php?id=150420 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:1:p:28-47 Template-Type: ReDIF-Article 1.0 Author-Name: Yunshu Tang Author-X-Name-First: Yunshu Author-X-Name-Last: Tang Author-Name: Mengli Zhang Author-X-Name-First: Mengli Author-X-Name-Last: Zhang Author-Name: Dong Andrew Li Author-X-Name-First: Dong Andrew Author-X-Name-Last: Li Author-Name: Yajie Wang Author-X-Name-First: Yajie Author-X-Name-Last: Wang Title: Charity or a diversion tactic in disguise of charity? Exploring Chinese enterprises' motivation for giving in the wake of COVID-19 Abstract: This research attempts to infer a Chinese publicly listed enterprise's motivation for giving in the wake of COVID-19. We first create an enterprise's 'abnormal ranking' by subtracting its corporate social responsibility (CSR) composite score ranking in 2019 from its COVID-19-related donation ranking in 2020. We then examine the association between the enterprise's abnormal ranking and historical CSR fulfilment in three dimensions, (i.e., responsibility-to-customers, responsibility-to-employees, responsibility-to-environment), considering enterprise ownership and executive characteristics. We find that the enterprises of historically higher responsibility-to-customers (lower responsibility-to-employees) fulfilment tend to make incremental donations in 2020, suggesting genuine, consistent charity (a diversion tactic in disguise of charity). Nevertheless, the enterprises of historically higher responsibility-to-environment fulfilment tend not to make incremental donations in 2020. Further, we note that the altruistic motivation is more pronounced in the enterprises of non-state ownership or younger-age, higher-education-level executives. Together, this study extends the corporate giving literature to a deeper, more dynamic context. Journal: Int. J. of Business Governance and Ethics Pages: 1-27 Issue: 1 Volume: 20 Year: 2026 Keywords: charity; diversion tactic; COVID-19-related donations; corporate social responsibility; CSR; responsibility to customers; responsibility to employees; China. File-URL: http://www.inderscience.com/link.php?id=150421 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:1:p:1-27 Template-Type: ReDIF-Article 1.0 Author-Name: Isabel Acero Author-X-Name-First: Isabel Author-X-Name-Last: Acero Author-Name: Nuria Alcalde Author-X-Name-First: Nuria Author-X-Name-Last: Alcalde Title: Board of directors and firm performance: a dynamic approach Abstract: This paper analyses how board structure influences firm performance, considering the effect of dynamic endogeneity. For a sample of listed Spanish firms, the study did not find that board structure had any effect on the value of the firm, when controlling for dynamic endogeneity. The research results show the need to use appropriate econometric techniques (dynamic models) to avoid obtaining incorrect or biased results. They also show that each firm must determine the size and structure of the board given its own advice and control needs. Journal: Int. J. of Business Governance and Ethics Pages: 48-67 Issue: 1 Volume: 20 Year: 2026 Keywords: board of directors; firm performance; dynamic endogeneity; generalised method of moments; GMM; Spain. File-URL: http://www.inderscience.com/link.php?id=150422 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:1:p:48-67 Template-Type: ReDIF-Article 1.0 Author-Name: Alireza Amini Author-X-Name-First: Alireza Author-X-Name-Last: Amini Author-Name: Arash Haqbin Author-X-Name-First: Arash Author-X-Name-Last: Haqbin Author-Name: Mahdi Yari Author-X-Name-First: Mahdi Author-X-Name-Last: Yari Title: Narcissistic tendencies of managers and its proposed impact on change-oriented organisational citizenship behaviours of employees: a study of brokerage firms Abstract: The purpose of this paper is to find different dimensions of narcissistic personality amongst managers and to prioritise the proposed impact of these personality types according to antecedents and measurements of change-oriented organisational citizenship behaviour. By adopting a qualitative metasynthesis, 12 articles were used to identify the different personality types, namely histrionic, self-accepted, incompatible, vulnerable, efficient, trader, open, and dominant. Afterward, by adopting the BWM-MULTIMOORA technique, the personality types were prioritised using an expert panel's judgements of 11 senior brokerage firms' managers in Shiraz, Iran. The results demonstrate that the innovative climate is the most crucial change-oriented OCB antecedent, and suggesting work improvement ideas to others is its most vital measurement. Moreover, among eight different personality types, the histrionic personalities of narcissistic managers are the most important. Their dominant personalities are the least essential obstacle in cultivating an environment to develop employees' change-oriented organisation citizenship behaviours. Journal: Int. J. of Business Governance and Ethics Pages: 68-92 Issue: 1 Volume: 20 Year: 2026 Keywords: personality; narcissism; managers; change-oriented organisational citizenship behaviour. File-URL: http://www.inderscience.com/link.php?id=150423 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:1:p:68-92 Template-Type: ReDIF-Article 1.0 Author-Name: Josua Tarigan Author-X-Name-First: Josua Author-X-Name-Last: Tarigan Author-Name: Jennifer Adriana Author-X-Name-First: Jennifer Author-X-Name-Last: Adriana Author-Name: Saarce Elsye Hatane Author-X-Name-First: Saarce Elsye Author-X-Name-Last: Hatane Title: Evaluating the role of independent and female directors on the remuneration committee: evidence from LQ45 and IDX SMC liquid Abstract: This study uses a sample of Indonesian large and small-medium enterprises to examine the effect of independent and female directors on the relationship between remuneration and firm performance. Pooled cross-sectional data is gathered from 138 LQ45 (Liquid 45) and 142 IDX SMC (Indonesia Stock Exchange Small-Mid Cap) liquid observations, with 2017 to 2020 as the observation years. The different influence towards executive remuneration between Indonesian large and small-medium companies, but similar participation percentages, indicate that their number or presence may not determine the success of independent and female directors in influencing remuneration. This study extends earlier research on the influence of independent and female directors on remuneration committees. This is notably the first study to evaluate the influence of independent and female directors on remuneration committees that uses Indonesia as the sample, comparing large and small-medium companies. Journal: Int. J. of Business Governance and Ethics Pages: 93-114 Issue: 1 Volume: 20 Year: 2026 Keywords: independent directors; female directors; remuneration committee; remuneration; company's performance; LQ45; IDX SMC liquid. File-URL: http://www.inderscience.com/link.php?id=150424 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:1:p:93-114 Template-Type: ReDIF-Article 1.0 Author-Name: Thato Thagakane Author-X-Name-First: Thato Author-X-Name-Last: Thagakane Author-Name: Tyanai Masiya Author-X-Name-First: Tyanai Author-X-Name-Last: Masiya Author-Name: Stellah Lubinga Author-X-Name-First: Stellah Author-X-Name-Last: Lubinga Author-Name: Kenny Chiwarawara Author-X-Name-First: Kenny Author-X-Name-Last: Chiwarawara Title: Unethical leadership in the South African public sector tender processes through the lens of game theory Abstract: The study examined the challenges of unethical leadership in the South African public sector tender processes after majority rule in 1994. Empirical research unravelling challenges of the South African public sector tender processes is limited and fragmented. The tendering process assists the public sector in promoting fairness, transparency and efficiency; it also assists in mitigating unethical behaviour associated with public procurement. This study employed a qualitative approach using a thematic analysis and drew upon secondary sources. The findings of this study highlighted the multifaceted challenges facing South Africa's public sector tender processes, including bribery, bid rigging, ghost payments, discrimination, financial misconduct, lack of impartiality and transparency, and patronage. These affirm the assumptions in game theory, notably rationality, self-interest, strategic behaviour and perfect information. Addressing these challenges requires a comprehensive approach involving legislative reforms, strengthened oversight mechanisms, enhanced transparency and accountability, and a commitment to ethical leadership and good governance. Journal: Int. J. of Business Governance and Ethics Pages: 1-19 Issue: 7 Volume: 20 Year: 2026 Keywords: ethical leadership; governance; tender; procurement; public officials; South Africa. File-URL: http://www.inderscience.com/link.php?id=151978 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijbget:v:20:y:2026:i:7:p:1-19 Template-Type: ReDIF-Article 1.0 Author-Name: Pierluigi Martino Author-X-Name-First: Pierluigi Author-X-Name-Last: Martino Author-Name: Paola Ferretti Author-X-Name-First: Paola Author-X-Name-Last: Ferretti Author-Name: Cristina Gonnella Author-X-Name-First: Cristina Author-X-Name-Last: Gonnella Title: Board demographics and performance: evidence from European Union banks Abstract: This article examines the influence of board members demographics on banks performance. Specifically, building on the upper echelons theory we investigate how board members age, MBA, industry experience and diversity (gender and nationality) affect banks performance. By analysing a sample of 83 significant banks from the European Union, we find that banks performance significantly and positively relates to board members MBA and industry experience, but negatively to board members age and nationality diversity. This provides support to the argument that these directors' personal characteristics are crucial for banks board effectiveness, and are key-factors in explaining differences in banks performance. Our study results contribute to the existing literature on the relationship between board characteristics and banks performance, by improving knowledge about the potential governance factors that affect banks performance and identifying which aspects of board demographics are associated with higher performance. Journal: Int. J. of Business Governance and Ethics Pages: 115-139 Issue: 2 Volume: 20 Year: 2026 Keywords: board of directors; demographics; banks; performance; upper echelons theory; corporate governance. File-URL: http://www.inderscience.com/link.php?id=152020 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:2:p:115-139 Template-Type: ReDIF-Article 1.0 Author-Name: Imen Tebourbi Author-X-Name-First: Imen Author-X-Name-Last: Tebourbi Author-Name: Assil Guizani Author-X-Name-First: Assil Author-X-Name-Last: Guizani Author-Name: Faten Lakhal Author-X-Name-First: Faten Author-X-Name-Last: Lakhal Title: Gender diversity and tax avoidance: do gender quotas matter? Abstract: In this study, we examine the impact of the presence of women on board of directors and in top executive positions on companies' tax avoidance practices in French public companies. We also explore the impact of the introduction of Copé-Zimmerman law which mandates a quota of female directors on boards. Our findings suggest that CFOs' gender matters as female CFOs are less inclined to tax avoidance behaviour. We also find that the presence of female directors on boards is negatively associated with tax avoidance suggesting that women can be effective monitors on boards. However, this effect was more pronounced before the introduction of a mandatory quota of female executives. This suggests that companies that rushed into adding female board members to comply with the Copé-Zimmermann law may not have reached an optimal and effective board composition. Journal: Int. J. of Business Governance and Ethics Pages: 140-166 Issue: 2 Volume: 20 Year: 2026 Keywords: gender diversity; tax avoidance; board of directors; quota; executive female. File-URL: http://www.inderscience.com/link.php?id=152021 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:2:p:140-166 Template-Type: ReDIF-Article 1.0 Author-Name: Michela Cordazzo Author-X-Name-First: Michela Author-X-Name-Last: Cordazzo Author-Name: Laura Bini Author-X-Name-First: Laura Author-X-Name-Last: Bini Author-Name: Giuseppe Marzo Author-X-Name-First: Giuseppe Author-X-Name-Last: Marzo Title: Non-financial disclosure and financial performance: the consequences of the EU Non-Financial Reporting Directive in Italy Abstract: The EU NFR Directive makes the NFD mandatory for the European largest listed firms. The paper offers an empirical analysis of the association between NFD and FP over the application of the Directive in Italy, testing the reverse causality between NFD and FP. We find a positive relationship from FP to NFD, but no evidence of a reverse relationship from NFD to FP. Furthermore, our results show a moderate impact of the Directive on NFD, as the Directive allows firms providing only a minimum amount of NFD or any information. Our study makes two main contributions. First, it contributes to the debate on the regulation of NFD. Second, it widens the scope of other studies on the relationship between NFD and FP, as it offers theoretical and empirical arguments on the relationship between NFD and FP over the transition from a voluntary to a mandatory disclosure setting. Journal: Int. J. of Business Governance and Ethics Pages: 167-189 Issue: 2 Volume: 20 Year: 2026 Keywords: ESG; EU directive; non-financial disclosure; financial performance; reverse causality. File-URL: http://www.inderscience.com/link.php?id=152022 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:2:p:167-189 Template-Type: ReDIF-Article 1.0 Author-Name: Kashish Sharma Author-X-Name-First: Kashish Author-X-Name-Last: Sharma Author-Name: Shridev Devji Author-X-Name-First: Shridev Author-X-Name-Last: Devji Title: Delineating corporate governance and corporate social responsibilities - a bibliometric review and future directions Abstract: This comprehensive review paper meticulously explores the research on corporate governance (CG) and corporate social responsibility (CSR), integrating bibliometric analysis and a theory, context, characteristics, methodology (TCCM) framework. The bibliometric analysis, encompassing performance analysis and science mapping, unveils trends, patterns, seminal contributions, and emerging intellectual patterns elucidating the evolution of CG and CSR discourse. Through a rigorous assessment of extensive literature, key themes, authors, and influential publications are identified, positioning the study at the forefront of CG and CSR research. Further, the TCCM framework facilitates a nuanced exploration, providing an in-depth understanding of theoretical, contextual, characteristic, and methodological dimensions within CG and CSR. This dual-faceted approach offers a multidimensional perspective, significantly enriching the existing body of knowledge. Also, by synergising quantitative bibliometric findings with TCCM insights, the paper highlights literature gaps, suggests future research directions, and enhances the comprehension of CG and CSR's complex interplay. This study serves as an invaluable resource for scholars, practitioners, and policymakers, aiding in navigating the evolving CG and CSR landscape, and contributing to the advancement of responsible and ethical corporate practices. Journal: Int. J. of Business Governance and Ethics Pages: 206-235 Issue: 2 Volume: 20 Year: 2026 Keywords: corporate governance; corporate social responsibility; CSR; bibliometric; literature review; theory, context, characteristics, methodology; TCCM. File-URL: http://www.inderscience.com/link.php?id=152023 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:2:p:206-235 Template-Type: ReDIF-Article 1.0 Author-Name: Alonso Villarán Author-X-Name-First: Alonso Author-X-Name-Last: Villarán Title: Codes of ethics (with Mill, Kant and Aquinas) Abstract: This paper aims at grounding business, professional, and other codes of ethics further, in dialogue with other 'foundational papers'. Initially, justifications beyond moral theories, such as those proposed by Cecily Raiborn and Diana Payne, are considered. Subsequently, prominent philosophical justifications, including Jacquie L'Etang 's Kantian approach, are evaluated. The paper then turns to Thomas Aquinas, whose natural law theory offers the key to understanding the foundational basis of such codes through his delineation of an objective ethical code comprising three tiers of moral rules. Additional observations address the dynamic nature of both written and unwritten codes of ethics, the controversial aspects of third-level rules, and more. Concluding with a discussion on the good(s) that codes of ethics safeguard, the paper provides brief suggestions for code design. Journal: Int. J. of Business Governance and Ethics Pages: 190-205 Issue: 2 Volume: 20 Year: 2026 Keywords: business and professional ethics; codes of ethics; utilitarianism; deontology; natural law; moral law. File-URL: http://www.inderscience.com/link.php?id=152024 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijbget:v:20:y:2026:i:2:p:190-205