Template-Type: ReDIF-Article 1.0
Author-Name: Amel Kouaib
Author-X-Name-First: Amel
Author-X-Name-Last: Kouaib
Author-Name: Asma Bouzouitina
Author-X-Name-First: Asma
Author-X-Name-Last: Bouzouitina
Author-Name: Anis Jarboui
Author-X-Name-First: Anis
Author-X-Name-Last: Jarboui
Title: Exploring the nexus between CEO psychological biases, corporate social responsibility and corporate governance: evidence from the European real estate companies
Abstract:
This paper investigates the liaison between chief executive officer (CEO) psychological biases and corporate social responsibility (CSR). It uses a sample of 450 European real estate firm-year-observations indexed on STOXX Europe 600 Index from 2009 to 2018. To test the developed hypotheses, feasible generalised least square (FGLS) regression is applied. Findings suggest that CEOs' narcissism and overconfidence are significant factors in determining firms' incentives to undertake CSR activities. Further, it is found that an effective CG practices significantly moderates CEOs behaviour regarding corporate social responsibility engagement. The study's importance lies in the overview it provides of CSR performance in the European real estate industry. As corporate governance can have a major impact in CEOs' behaviour regarding corporate social responsibility, the author recommends firms to improve corporate governance in listed European real estate firms. Research on individual determinants of corporate social responsibility, especially psychological factors of top executives, is a field where progress is needed. This paper contributes to the existing literature with two empirical novelties: 1) providing a novel insight into CSR involvement using a sample of European real estate sector; 2) investigating the moderating effect of the corporate governance mechanisms in listed European real estate companies.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 183-208
Issue: 2
Volume: 13
Year: 2021
Keywords: CEO's psychological biases; corporate social responsibility; CSR; corporate governance score; European real estate industry.
File-URL: http://www.inderscience.com/link.php?id=117761
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Template-Type: ReDIF-Article 1.0
Author-Name: Issam Tlemsani
Author-X-Name-First: Issam
Author-X-Name-Last: Tlemsani
Title: Investigating Saudi Arabia's current account deficit
Abstract:
The Kingdom of Saudi Arabia (KSA) recently introduced a sweeping new package of social and economic reforms, setting the kingdom firmly on the path toward a diversified economic system. The purpose of this research is to examine KSA's current account deficit (CAD) by addressing the major factors that affect KSA's CAD and emphasising the effect of consumer behaviour on KSA's account balance. Data were collected from 2000 to 2019, a survey was distributed among 730 Saudi's participants, to assess their awareness and construct a correlation matrix. The findings confirm the correlation between KSA's CAD and its exports, net national income, inflation rate, GDP growth rate, and oil prices. The research recommendations are to introduce more fiscal reforms, such as reducing the inflation rate, improved data quality and availability and reduced value-added tax. This research provides insights for governments, society, regulators and public policy regarding how to control the CAD.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 95-109
Issue: 2
Volume: 13
Year: 2021
Keywords: KAS; current account deficit; oil prices; consumer behavior; government policies.
File-URL: http://www.inderscience.com/link.php?id=117762
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:2:p:95-109

Template-Type: ReDIF-Article 1.0
Author-Name: Sirus Sharifi
Author-X-Name-First: Sirus
Author-X-Name-Last: Sharifi
Author-Name: Arunima Haldar
Author-X-Name-First: Arunima
Author-X-Name-Last: Haldar
Author-Name: S.V.D. Nageswara Rao
Author-X-Name-First: S.V.D. Nageswara
Author-X-Name-Last: Rao
Title: An empirical examination of the relationship between credit risk management, size, profitability, and ownership of Indian banks
Abstract:
The study examines the impact of bank size, profitability, and ownership on excess capital for credit risk management (CRM) held by Indian banks. The model is estimated by panel regression method using data on 34 Indian banks during 2009 to 2016. The results suggest that size of Indian banks is related to excess capital held by them for managing credit risk. The positive relationship implies that large banks hold higher excess capital beyond the required minimum as per Basel norms. The study assumes importance in the context of significant changes in the institutional and regulatory framework of the Indian financial system.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 80-94
Issue: 1
Volume: 13
Year: 2021
Keywords: credit risk; excess capital; bank size; profitability; ownership; Indian banks.
File-URL: http://www.inderscience.com/link.php?id=116229
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:1:p:80-94

Template-Type: ReDIF-Article 1.0
Author-Name: Ahmed Hassanein
Author-X-Name-First: Ahmed
Author-X-Name-Last: Hassanein
Author-Name: Nader Elsayed
Author-X-Name-First: Nader
Author-X-Name-Last: Elsayed
Title: Voluntary risk disclosure and values of FTSE350 firms: the role of an industry-based litigation risk
Abstract:
There is conflicting research on whether litigation risk affects voluntary disclosure positively or negatively. This study thus aims to examine how litigation risk affects the voluntary disclosure of risk information. It also explores whether litigation risk influences the extent to which voluntary risk disclosure is value relevant. The paper utilises a sample from UK FTSE350 firms, the computerised textual analysis is employed to measure the voluntary risk disclosure level, and empirical analyses are estimated using OLS and fixed-effect regressions. The study finds that voluntary risk disclosure in the UK is a positive function of litigation risk. Likewise, investors react positively to voluntary risk information, leading to enhanced UK corporate values. However, this nexus is more substantial in firms facing higher litigation risk. The further analysis supports the view that firms facing high (low) litigation risk voluntarily disclose more (less) relevant risk information. Our findings encourage FTSE350 firms to increase the magnitude of voluntary risk information, whether a firm is facing a high or low level of litigation risk, and the policymakers to issue further rules regulating the disclosure of voluntary risk information. Likewise, the study provides relevant implications for the protection of investors in the UK.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 110-132
Issue: 2
Volume: 13
Year: 2021
Keywords: litigation risk; voluntary risk information; firm value; managers' incentive perspectives; UK FTSE350 index.
File-URL: http://www.inderscience.com/link.php?id=117768
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:2:p:110-132

Template-Type: ReDIF-Article 1.0
Author-Name: Ashutosh Kolte
Author-X-Name-First: Ashutosh
Author-X-Name-Last: Kolte
Author-Name: Avinash Pawar
Author-X-Name-First: Avinash
Author-X-Name-Last: Pawar
Author-Name: Balkrishan Sangvikar
Author-X-Name-First: Balkrishan
Author-X-Name-Last: Sangvikar
Author-Name: Prasanna Sawant
Author-X-Name-First: Prasanna
Author-X-Name-Last: Sawant
Title: Financial assessment of the Indian retail sector: understanding the future direction of the industry
Abstract:
The retail sector helps to create a place, time, and possession of utilities that have a tremendous impact on the economy and country. The prime objective of this paper is to assess the Indian retail sector towards the future of the industry with an in-depth fundamental analysis of major players in the Indian retail industry. The selected companies are listed in India and have operations spread throughout the country. The companies considered for this analysis include Avenue Supermart, Aditya Birla Fashion and Retail, Future Retail, Trent Retail and VMart Retail in India. This paper utilises data from the last five years and models for financial analysis which take in value and growth pick model, Piotroski F-score, and Altman z-score along with the discounted cash flow valuation and estimated the future of the companies under consideration. The outcome of this paper shows the future aspects of the Indian retail sector which can prove to be a good help for investors and stakeholders. The comparison in various competitors can be observed in the paper and can help investor decisions to be fruitful in the longer run.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 133-158
Issue: 2
Volume: 13
Year: 2021
Keywords: retail industry; financial analysis; equity valuation; business strategy; business forecasting; future of retail; bankruptcy; retail investment; retailing.
File-URL: http://www.inderscience.com/link.php?id=117770
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:2:p:133-158

Template-Type: ReDIF-Article 1.0
Author-Name: Amelia Limijaya
Author-X-Name-First: Amelia
Author-X-Name-Last: Limijaya
Author-Name: Yanthi Hutagaol-Martowidjojo
Author-X-Name-First: Yanthi
Author-X-Name-Last: Hutagaol-Martowidjojo
Author-Name: Elisabeth Hartanto
Author-X-Name-First: Elisabeth
Author-X-Name-Last: Hartanto
Title: Intellectual capital and firm performance in Indonesia: the moderating role of corporate governance
Abstract:
This study examines the role of corporate governance (CG) to moderate the relationship between intellectual capital (IC) and firm performance (FP). The sample used in this study is of 348 Indonesian listed companies, excluding the financial sector, from 2014-2018, that results in a total of a 1,700 firm-year observation. Value added intellectual coefficient as a measure of IC turns out to be significant on FP; furthermore, the test of individual components of IC shows that tangible and human capital are still the dominant factors that influence FP, while firms, seemingly, have not optimised their structural capital. On the role of CG as the moderating variable, the result shows that audit committee independence (a proxy for CG) weakens the IC's impact on FP, indicating the ineffectiveness of audit committees in Indonesian public firms.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 159-182
Issue: 2
Volume: 13
Year: 2021
Keywords: audit committee independence; corporate governance; firm performance; Indonesia; intellectual capital; return on assets; ROA; value added intellectual coefficient; VAIC.
File-URL: http://www.inderscience.com/link.php?id=117772
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:2:p:159-182

Template-Type: ReDIF-Article 1.0
Author-Name: Sushma Vishnani
Author-X-Name-First: Sushma
Author-X-Name-Last: Vishnani
Author-Name: Saumya Gupta
Author-X-Name-First: Saumya
Author-X-Name-Last: Gupta
Author-Name: Hemendra Gupta
Author-X-Name-First: Hemendra
Author-X-Name-Last: Gupta
Title: Convergence of Indian accounting standards to IFRS: impact on quality of financial reporting of Indian industries
Abstract:
This paper assesses whether the mandatory implementation of IndAS (IFRS converged Indian accounting standards) will result in higher financial reporting quality. Particularly, it studies the effect of adopting IndAS by Indian companies on earnings management, earnings persistence, and value relevance of the reported financials. The study contributes to existing body of literature by being a pioneer study for Indian industries, signalling areas of concern for regulators in India and global investors interested in Indian markets. Research findings indicate some improvement in the quality of reported financials after implementation of IndAS. Research output reveals enhancement in market-based measures. However, accounting-based attributes yield mixed findings. While no statistically significant difference is reported by earnings management metrics, the earnings persistence measure shows distinct improvement.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 1-24
Issue: 1
Volume: 13
Year: 2021
Keywords: earnings quality; earnings management; International Financial Reporting Standards; IFRS; Indian accounting standards; IndAS; financial reporting quality.
File-URL: http://www.inderscience.com/link.php?id=116205
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Template-Type: ReDIF-Article 1.0
Author-Name: Petros Lois
Author-X-Name-First: Petros
Author-X-Name-Last: Lois
Author-Name: George Drogalas
Author-X-Name-First: George
Author-X-Name-Last: Drogalas
Author-Name: Alkiviadis Karagiorgos
Author-X-Name-First: Alkiviadis
Author-X-Name-Last: Karagiorgos
Author-Name: Alkis Thrassou
Author-X-Name-First: Alkis
Author-X-Name-Last: Thrassou
Author-Name: Demetris Vrontis
Author-X-Name-First: Demetris
Author-X-Name-Last: Vrontis
Title: Internal auditing and cyber security: audit role and procedural contribution
Abstract:
Businesses operate in a dynamic environment that is constantly changing and in which they are undermined by various risks. One in particular, is that of cyber security. Internal auditors, through their multifaceted role, can contribute to the reduction of the information systems' violation. Extant works, nevertheless, on the connection between internal audit and cyber security worldwide, are scant, and practically non-existent for the case of Greece. Thus, the purpose of this paper is to examine the variables that influence cyber security and which, at the same time, are relevant to internal audit. In this context, methodologically, a questionnaire was distributed to companies listed on the Athens Stock Exchange and addressed to their internal auditors. The findings of the survey identified key factors impacting cyber security, including the degree and nature of cooperation between IT staff and auditors, and training regarding information technology.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 25-47
Issue: 1
Volume: 13
Year: 2021
Keywords: cyber security; internal audit; factors; service.
File-URL: http://www.inderscience.com/link.php?id=116207
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:1:p:25-47

Template-Type: ReDIF-Article 1.0
Author-Name: Giorgio Mion
Author-X-Name-First: Giorgio
Author-X-Name-Last: Mion
Author-Name: Angelo Bonfanti
Author-X-Name-First: Angelo
Author-X-Name-Last: Bonfanti
Author-Name: Francesca Simeoni
Author-X-Name-First: Francesca
Author-X-Name-Last: Simeoni
Author-Name: Cristian R. Loza Adaui
Author-X-Name-First: Cristian R. Loza
Author-X-Name-Last: Adaui
Title: Rethinking occupational welfare policies in long-term care organisations during the COVID-19 pandemic: an organisational ethics approach
Abstract:
Non-profit organisations, in particular long-term care organisations, have faced several challenges arising from the COVID-19 pandemic. Long-term care organisations have had to meet these challenges by relying on their core ethical values and human capital. This paper examines the occupational welfare policies adopted by a long-term care organisation during the pandemic and the individual, managerial, organisational and societal effects of these policies from an organisational ethics perspective. The study explores the case of a non-profit organisation - Fondazione Monsignor Alessandro Marangoni - that adopted occupational welfare policies, enabling it to manage the early COVID-19 outbreak without negative consequences. The findings show that organisational ethics are embedded into occupational welfare policies and demonstrate their role for the welfare society in times of crisis.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 48-63
Issue: 1
Volume: 13
Year: 2021
Keywords: long-term care; non-profit organisations; occupational welfare policies; residential services for elderly; intrinsic motivations; value-based organisations; welfare service management; organisational ethics; COVID-19 pandemic.
File-URL: http://www.inderscience.com/link.php?id=116216
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:1:p:48-63

Template-Type: ReDIF-Article 1.0
Author-Name: Giuseppe Festa
Author-X-Name-First: Giuseppe
Author-X-Name-Last: Festa
Author-Name: Sergio Chirico
Author-X-Name-First: Sergio
Author-X-Name-Last: Chirico
Author-Name: Jamel Chouaibi
Author-X-Name-First: Jamel
Author-X-Name-Last: Chouaibi
Author-Name: Renato Civitillo
Author-X-Name-First: Renato
Author-X-Name-Last: Civitillo
Title: Cultural approach to healthcare risk management - an Italian experience with look-alike, sound-alike drugs
Abstract:
Risk management is fundamental in healthcare organisations at both the institutional (organisations) and sectorial (health) levels, not only as an operational technique but also as part of a managerial model. Thus, it is essential to highlight the strategic importance of the cultural impact, both clinically and financially, of correct risk integration between professional and organisational functioning. This research presents a case study of the Casa di Cura Tortorella S.p.a. (Salerno, Italy), which adopted a unique solution to handle logistical risks concerning medicines that have the potential to lead to dangerous confusions due to their similar names, dosages, packaging, and other elements (i.e., look-alike, sound-alike [LASA] drugs). Using the case study technique, the investigation highlights that the adoption of an operational mechanism for risk management, although useful, is limited if it is not supported by thorough training (for every operator) and a new organisational and cultural role, i.e., 'nursing team leaders', with responsibility for coordination and reporting, and has direct and indirect impacts on the financial performance of healthcare organisations.
Journal: Int. J. of Managerial and Financial Accounting
Pages: 64-79
Issue: 1
Volume: 13
Year: 2021
Keywords: risk management; healthcare; drugs logistics; drugs management; look-alike, sound-alike drugs; sound-alike, look-alike drugs; look-alike, sound-alike; LASA; sound-alike, look-alike; SALA; managerial reporting; financial performance.
File-URL: http://www.inderscience.com/link.php?id=116220
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Handle: RePEc:ids:injmfa:v:13:y:2021:i:1:p:64-79