Discussion of: The State Expropriation Risk and the Pricing of Foreign Earnings
In: Journal of International Accounting Research, Volume 20, Issue 2, p. 83-85
ISSN: 1558-8025
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In: Journal of International Accounting Research, Volume 20, Issue 2, p. 83-85
ISSN: 1558-8025
In: Journal of International Accounting Research, Volume 20, Issue 2, p. 25-50
ISSN: 1558-8025
ABSTRACTIn this study, we explore the inverted U-shaped association between internal control quality and firm operational efficiency. Although effective internal controls can facilitate and improve operational efficiency, excessive internal controls can negatively affect operational efficiency by (1) influencing management energy, attention, risk-taking, and innovation motivations, (2) hindering employees' creativity, enthusiasm, and trust. Our findings support the inverted U-shaped association. We further explore and prove the two channels through which internal controls affect firm operational efficiency: the "information channel" (the quality of internal management reports), and the "application channel" (the enforcement of internal controls). Additionally, we show that the inverted U-shaped association only exists in non-state-owned firms. We do not find significant association between internal control quality and operational efficiency in state-owned firms. Overall, this study suggests that firms should not only establish an optimal level of internal controls, but also enforce the internal controls effectively to achieve their intended goals.
In: Journal of International Accounting Research, Volume 20, Issue 2, p. 133-134
ISSN: 1558-8025
In: Journal of International Accounting Research, Volume 20, Issue 2, p. 87-109
ISSN: 1558-8025
ABSTRACTWe examine cross-sectional differences in changes in liquidity for Canadian firms between pre-IFRS and post-IFRS adoption based on their pre-IFRS disclosure quality. In a matched-sample analysis, with U.S. firms acting as control firms, we find that liquidity improved after mandatory IFRS adoption for Canadian companies with high pre-IFRS disclosure quality, but declined for Canadian companies with low pre-IFRS disclosure quality, in comparison to U.S. peers. We find similar results when we stratify the sample based on total assets—larger Canadian firms gained liquidity, while smaller Canadian firms lost liquidity, relative to the U.S. control firms. Our results are sustained when we use firms listed in Canada that report under U.S. GAAP before and after IFRS adoption as control firms.
In: SociologieS: revue scientifique internationale
ISSN: 1992-2655
In: SociologieS: revue scientifique internationale
ISSN: 1992-2655
In: International Relations and Diplomacy, Volume 9, Issue 5
ISSN: 2328-2134
In: International Relations and Diplomacy, Volume 9, Issue 5
ISSN: 2328-2134
In: International Relations and Diplomacy, Volume 9, Issue 5
ISSN: 2328-2134
In: Gender in management: an international journal, Volume 36, Issue 6, p. 677-696
ISSN: 1754-2421
Purpose
This study aims to examine the effects of board independence and gender diversity on bank performance in Nigeria.
Design/methodology/approach
The two-step system-generalized method moment was used to estimate the effect of board independence and gender diversity on bank performance in Nigeria using annual data of 15 deposit money banks from 2006 to 2018.
Findings
The results revealed that gender diversity is a significant positive predictor of bank performance, whereas board independence is a negative predictor of bank performance in Nigeria.
Practical implications
Despite the significant positive relationship between gender diversity and bank performance, this paper does not recommend mandatory quota-based initiates of female representation on corporate boards because of the increasing number of female representations on corporate boards of banks in Nigeria.
Originality/value
The study contributes to corporate governance literature from developing country perspective and policy, particularly, on the relevance or otherwise of market-based measures in assessing bank performance in developing counties. This paper finds that market-based variables are not good measures of firm performance in economies with underdeveloped markets.
In: SociologieS: revue scientifique internationale
ISSN: 1992-2655
In: SociologieS: revue scientifique internationale
ISSN: 1992-2655
In: SociologieS: revue scientifique internationale
ISSN: 1992-2655
In: International legal materials: ILM, Volume 60, Issue 3, p. f1-f6
ISSN: 1930-6571
In: International legal materials: ILM, Volume 60, Issue 3, p. b1-b9
ISSN: 1930-6571