Template-Type: ReDIF-Article 1.0 Author-Name: Ghassan H. Mardini Author-X-Name-First: Ghassan H. Author-X-Name-Last: Mardini Title: Board of directors' composition and carbon emission performance Abstract: The current study examines the relationship between the composition of the board of directors and the three scopes of carbon emission performance as detailed in the Carbon Disclosure Project (CDP) annual reports. The study utilises balanced panel data from 2013 to 2020 for a sample of European non-financial listed companies. The findings suggest that having a diverse and experienced board, including a high proportion of independent, female, and foreign directors, can positively impact a firm's carbon emission performance and lead to lower emissions. The study highlights the significance of the composition of the board of directors as a crucial factor in determining carbon emission performance. Journal: Int. J. of Corporate Governance Pages: 343-360 Issue: 4 Volume: 13 Year: 2023 Keywords: corporate governance; board composition; carbon emission; carbon emission performance. File-URL: http://www.inderscience.com/link.php?id=132452 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:4:p:343-360 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah E. Alajmi Author-X-Name-First: Abdullah E. Author-X-Name-Last: Alajmi Author-Name: Andrew C. Worthington Author-X-Name-First: Andrew C. Author-X-Name-Last: Worthington Title: Ownership structure, corporate governance reform and firm performance: evidence from Kuwait Abstract: This paper examines the link between ownership structure and firm performance in Kuwaiti industrial and services sector firms over the period 2010-2021 in the regulatory context of recent and extensive corporate governance code reform. Panel data regression analysis with robust and clustered standard errors of firm performance for 980 listed industrial and services firms in Kuwait over an 11-year period. All measures of firm performance were found to positively relate to family, local institutional, and government ownership, accounting for anywhere between 12% and 28% of the variation in firm performance. The study is unique in incorporating ownership structure types and analysing ownership structure reforms in Kuwait, which progressed from no governance code to a compulsory regime. The findings suggest that the complexity of ownership structure law and guidelines, the difficulty of changing firm behaviour, and self-selection of firms in regulated markets make it challenging to model the ownership structure-firm performance relationship. Journal: Int. J. of Corporate Governance Pages: 315-342 Issue: 4 Volume: 13 Year: 2023 Keywords: corporate governance reform; leverage; debt to equity; Tobin's Q; Kuwait. File-URL: http://www.inderscience.com/link.php?id=132453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:4:p:315-342 Template-Type: ReDIF-Article 1.0 Author-Name: Sana Gaied-Chortane Author-X-Name-First: Sana Author-X-Name-Last: Gaied-Chortane Author-Name: Abderrazek Elkhaldi Author-X-Name-First: Abderrazek Author-X-Name-Last: Elkhaldi Author-Name: Mohamed Omran Author-X-Name-First: Mohamed Author-X-Name-Last: Omran Title: Extent and determinants of bank risk-taking: evidence from Tunisia Abstract: This study assesses risk-taking and investigates the effect of internal governance mechanisms and ownership structure on risk-taking in Tunisian banks. We collected data from the banks listed on the Tunisian Stock Exchanges from 2009-2019. Our results show that credit risk is the leading risk to which Tunisian banks are exposed. The board size positively affects risk-taking. The concentration of bank ownership increases liquidity and credit risk-taking, while the participation of the government in bank ownership increases insolvency and credit risk-taking. Risk-taking also is positively associated with profitability and capital adequacy ratio (CAR). Investors may find this study helpful as it analyses the effect of board attributes and ownership structure on bank risk-taking in a developing country. Tunisian banks may use our findings to improve the quality of corporate governance mechanisms and risk-taking practices. Regulators in Tunisia and other developing countries can use our results to enhance internal governance regulations/guidelines. Journal: Int. J. of Corporate Governance Pages: 361-382 Issue: 4 Volume: 13 Year: 2023 Keywords: internal governance mechanisms; ownership structure; risk-taking; principal component analysis; PCA; Tunisia. File-URL: http://www.inderscience.com/link.php?id=132454 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:4:p:361-382 Template-Type: ReDIF-Article 1.0 Author-Name: Nguyen Vinh Khuong Author-X-Name-First: Nguyen Vinh Author-X-Name-Last: Khuong Author-Name: Vu Tran Trong Tai Author-X-Name-First: Vu Tran Trong Author-X-Name-Last: Tai Author-Name: Nguyen Thi Phuong Thao Author-X-Name-First: Nguyen Thi Phuong Author-X-Name-Last: Thao Author-Name: Tran Thi Phuong Minh Author-X-Name-First: Tran Thi Phuong Author-X-Name-Last: Minh Author-Name: Tran Vo Khanh Ngan Author-X-Name-First: Tran Vo Khanh Author-X-Name-Last: Ngan Author-Name: Phan Thi Anh Phuong Author-X-Name-First: Phan Thi Anh Author-X-Name-Last: Phuong Title: Does corporate governance reduce audit report lag? Abstract: This study is to investigate the association between corporate governance and audit report lag as well as the extent of the influence of corporate governance on the audit report lag of listed companies on Vietnam's stock market. To examine the relationship between corporate governance and audit report lag, our study used the xtpcse regression analysis method through panel data of 586 enterprises listed on Vietnam's stock market over the 2010-2021 period, and also used quantile regression to re-evaluate our research results. Our findings suggest that the change of audit firm causes delay in the preparation and publication of the audit report. Moreover, enterprises that receive qualified opinions are expected to publish their audit report earlier than enterprises that receive unqualified opinions. Additionally, when the chief executive officer is concurrently the chairman of the board of directors and the board of directors has a low degree of independence in enterprises, the level of audit report lag falls. The empirical results of this study provide a solid foundation for policymakers and other stakeholders to make decisions in establishing effective mechanisms for corporate governance and determining public time-appropriate audit report. Journal: Int. J. of Corporate Governance Pages: 383-404 Issue: 4 Volume: 13 Year: 2023 Keywords: audit report lag; ARL; corporate governance; quantile regression. File-URL: http://www.inderscience.com/link.php?id=132458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:4:p:383-404 Template-Type: ReDIF-Article 1.0 Author-Name: Chetna Rath Author-X-Name-First: Chetna Author-X-Name-Last: Rath Author-Name: Malabika Deo Author-X-Name-First: Malabika Author-X-Name-Last: Deo Title: The moderating role of ESG disclosure scores in determining the impact of firm performance on CEO pay: a dynamic panel approach Abstract: This paper aims to empirically examine the moderating role of ESG disclosure while determining performance-based CEO pay. The compensation pay given to the CEOs must be linked to corporate sustainability so as to motivate them to act towards non-economic goals vis-à-vis earning profits. A total of 67 companies listed in the NSE Nifty 100 ESG index spanning six years from 2014 to 2019 have been taken as the panel data sample. As a baseline methodology, the PCSE model is applied and further two-step system GMM model has been considered for robustness check. The findings reveal that ESG disclosure scores show a significant positive effect in moderating the CEO pay-performance relationship. Stand-alone ESG measures indicate that except for social disclosure scores, all the other indicators depict a significant impact in determining the effect of firm performance on CEO pay. This study implies consideration of non-financial performance measures while determining CEO Pay. Journal: Int. J. of Corporate Governance Pages: 243-259 Issue: 3 Volume: 13 Year: 2023 Keywords: CEO compensation; ESG disclosure score; firm performance; panel data approach; India. File-URL: http://www.inderscience.com/link.php?id=130753 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:3:p:243-259 Template-Type: ReDIF-Article 1.0 Author-Name: Vicky Ching Gu Author-X-Name-First: Vicky Ching Author-X-Name-Last: Gu Title: Corporate governance, product market competition, and corporate social responsibility performance in the US energy industry Abstract: Corporate social responsibility (CSR) has increasingly become an essential issue for corporations. Extensive research has investigated how corporate governance (CG) mechanisms affect CSR with mixed results. Specifically, the existing literature concerning this link in the important energy industry is too sparse to provide meaningful insights. This study contributes to CG and CSR literature by investigating the effects of the two major types of corporate ownership [institutional blockholder ownership (IBO) and managerial ownership] on a firm's CSR performance in the US energy industry and exploring the moderating role of product market competition in various segments of this industry. The results show that both ownership types influence a firm's CSR performance but differently; and product market competition moderates the relationship between IBO and CSR. This paper advances theoretical understanding as well as provides practical implications for corporate ownership structure design for the energy industry. Journal: Int. J. of Corporate Governance Pages: 211-242 Issue: 3 Volume: 13 Year: 2023 Keywords: corporate governance; institutional blockholder ownership; IBO; managerial ownership; corporate social responsibility; CSR; product market competition. File-URL: http://www.inderscience.com/link.php?id=130757 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:3:p:211-242 Template-Type: ReDIF-Article 1.0 Author-Name: Jagjeevan Kanoujiya Author-X-Name-First: Jagjeevan Author-X-Name-Last: Kanoujiya Author-Name: Kuldeep Singh Author-X-Name-First: Kuldeep Author-X-Name-Last: Singh Author-Name: Shailesh Rastogi Author-X-Name-First: Shailesh Author-X-Name-Last: Rastogi Title: Impact of environmental, social and governance engagements on financial distress under competition: evidence from non-financial firms listed in India Abstract: Nowadays, environmental, social and governance (ESG) engagements are placed at focal point by the stakeholders in the firms. A strong investment plan now considers ESG aspects for investment decisions to improve risk and engender sustainable benefits for investors. Hence, this study proposes to investigate the impact of ESG engagements on firm's financial distress (FD). A panel data analysis is applied on the dataset of 76 listed non-financial firms in India under BSE100 for the period 2016-2020. The findings reveal that the ESG practices alone do not affect firm's FD. The higher competition increases the FD. However, when ESG works under high competition, it enhances FD or reduces financial stability. The findings give novel and interesting evidence and contribute significantly into the existing knowledge body of ESG and FD. The findings imply and recommend all the stakeholders to consider ESG activities as a critical element for firm's FD. Journal: Int. J. of Corporate Governance Pages: 277-296 Issue: 3 Volume: 13 Year: 2023 Keywords: environmental; social and governance; environmental, social and governance; ESG; CSR; distress; competition; panel data; India. File-URL: http://www.inderscience.com/link.php?id=130759 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:3:p:277-296 Template-Type: ReDIF-Article 1.0 Author-Name: Mara Cameran Author-X-Name-First: Mara Author-X-Name-Last: Cameran Author-Name: Domenico Campa Author-X-Name-First: Domenico Author-X-Name-Last: Campa Title: Gender equality in the workplace and market performance: a preliminary analysis from France Abstract: We exploit a regulatory change in France that requires companies to publish a measure of gender equality in the workplace (i.e., Equality Index), to investigate whether there is a relation between firms' Equality Index and their market performance. We find that firms with a higher Equality Index are associated with higher market performance. Our findings can strengthen the motivation of companies' managements to take care of gender equality in their firms, by highlighting the benefits in terms of market performance that may arise from this. Our results also support the EU and, in general, regulatory bodies around the world, in continuing the promotion and enforcement of gender equality measures in the workplace for all companies. Journal: Int. J. of Corporate Governance Pages: 260-276 Issue: 3 Volume: 13 Year: 2023 Keywords: gender equality; market performance; Tobin's Q; market-to-book ratio. File-URL: http://www.inderscience.com/link.php?id=130760 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:3:p:260-276 Template-Type: ReDIF-Article 1.0 Author-Name: Amarjit Gill Author-X-Name-First: Amarjit Author-X-Name-Last: Gill Author-Name: Harvinder S. Mand Author-X-Name-First: Harvinder S. Author-X-Name-Last: Mand Author-Name: John D. Obradovich Author-X-Name-First: John D. Author-X-Name-Last: Obradovich Author-Name: Suman Dadhwal Author-X-Name-First: Suman Author-X-Name-Last: Dadhwal Title: Impact of CEO duality and business education on the cost of debt Abstract: The purpose of this study is to investigate the impact of CEO duality (<i>CD</i>) and business education (<i>BUS</i>_<i>EDU</i>) of small family business owners on the cost of debt (<i>INT</i>). This study used a survey design to collect data from the owners of unlisted small family business firms in India. The empirical analysis shows that <i>CD</i> and <i>B</i>_<i>EDU</i> decrease the cost of debt. In addition, gender plays a moderating role in the association between <i>BUS</i>_<i>EDU</i> and <i>INT</i>. Further, <i>CD</i> and <i>B</i>_<i>EDU</i> increase the chances of decreasing the cost of debt by 0.70% and 0.50%, respectively. The empirical results contribute to the literature on the impact of <i>CD</i> and <i>B</i>_<i>EDU</i> on the cost of debt. The empirical analysis may be helpful to academia to extend the studies on the impact of <i>CD</i> and <i>B</i>_<i>EDU</i> on the cost of debt. Journal: Int. J. of Corporate Governance Pages: 297-314 Issue: 3 Volume: 13 Year: 2023 Keywords: CEO duality; business education; financial leverage; cost of debt; India. File-URL: http://www.inderscience.com/link.php?id=130761 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:13:y:2023:i:3:p:297-314