Good Corporate Governance and Firm Value before and after covid-19 Case Study of Manufacturing Companies in Indonesia DOI Open Access

Farhanullah Khan,

Subiakto Sukarno

International Journal of Current Science Research and Review, Год журнала: 2024, Номер 07(04)

Опубликована: Апрель 23, 2024

This study investigates the impact of independent commissioners, audit committees, institutional ownership, and managerial ownership on firm value Indonesian manufacturing companies, both before during COVID-19 pandemic. Employing a quantitative research design associative approach, our findings reveal positive relationship between commissioners value, supporting existing literature role in enhancing corporate governance. Conversely, analysis indicates negative influence committees emphasizing need for balanced approach to their formation avoid undue restrictions autonomy. The examination ownership’s effects yields inconclusive results, suggesting further exploration. Additionally, evaluates pandemic using dummy variable t-test, revealing no significant change values focus sector provides valuable context, potential sector-specific resilience challenges. Overall, this contributes nuanced insights into governance dynamics face unprecedented global events.

Язык: Английский

Analyzing the market performance of Romanian firms: do the COVID-19 crisis and classification type matter? DOI
Alina Cristina Nuţă, Ahmed Mohamed Habib, Serdar Neslihanoglu

и другие.

International Journal of Emerging Markets, Год журнала: 2024, Номер unknown

Опубликована: Янв. 12, 2024

Purpose Stock market performance is paramount to every country, as it signifies economic growth, business performance, wealth maximization, savings deployment and consumer confidence. This study investigates the disparities in of listed firms Romania. also examines whether COVID-19 crisis affected performance. Design/methodology/approach The data were collected from 69 on Bucharest Exchange (BSE) 2018 2022, belonging 11 sectors. used several methods achieve its objectives. Difference tests considered analyze Romanian companies before during crisis, well across Regression analysis was conducted estimate effect classification type companies' Additional analyses performed verify findings present study. Findings study’s indicate a clear difference between pre-crisis periods. pandemic had an adverse significant impact However, after contraction early stage outbreak, stock outperformed pre-pandemic capitalization levels regional global indices evolution. Furthermore, there In particular, communication services sector has specifically demonstrated accelerated growth. Originality/value research variation different It provides evidence potential firms' contributes better understanding how sectors perform times crisis.

Язык: Английский

Процитировано

19
The enhanced gain effects of ESG's non-linearity on portfolios: An asset pricing tree model perspective DOI
Pengcheng Du,

Runsheng Gu,

Ling Luo

и другие.

International Review of Financial Analysis, Год журнала: 2025, Номер unknown, С. 103971 - 103971

Опубликована: Янв. 1, 2025

Язык: Английский

Процитировано

3
Does climate risk impact firms' ESG performance? Evidence from China DOI
Yongtai Chen, Yi‐Shuai Ren, Seema Narayan

и другие.

Economic Analysis and Policy, Год журнала: 2023, Номер 81, С. 683 - 695

Опубликована: Дек. 28, 2023

Язык: Английский

Процитировано

35
ESG score, analyst coverage and corporate resilience DOI

Hua Wu,

Ke Zhang,

Renyu Li

и другие.

Finance research letters, Год журнала: 2024, Номер 62, С. 105248 - 105248

Опубликована: Март 13, 2024

Язык: Английский

Процитировано

13
Leveraging artificial intelligence and blockchain in accounting to boost ESG performance: the role of risk management and environmental uncertainty DOI
Nha Minh Nguyen, Malik Abu Afifa,

Vo Thi Truc Dao

и другие.

International journal of organizational analysis, Год журнала: 2025, Номер unknown

Опубликована: Март 4, 2025

Purpose This study aims to explore key questions within the context of Asian countries: How do artificial intelligence (AI) and blockchain adoption in accounting influence enterprise risk management environmental, social governance (ESG) performance? What role does have as a mediator this relationship? In addition, how environmental uncertainty shape interplay between AI accounting, ESG Design/methodology/approach The authors collected data from Thomson Reuters Eikon Datastream, initially targeting 20 countries with highest gross domestic product (GDP) per capita. Using stringent selection criteria, research sample included 22,212 firms these Bahrain, China, Hong Kong, Indonesia, Israel, Japan, Jordan, Kazakhstan, South Korea, Kuwait, Lebanon, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, Sri Lanka, Thailand, United Arab Emirates Vietnam. After rigorous screening process, final comprised 1,742 firms, representing 17,420 firm-year observations over 2014–2023 period. paper applied maximum likelihood structural equation modeling analyze data. Findings findings reveal that both along management, positively impact performance context. Enterprise serves mediating factor performance. significantly moderates relationships well Practical implications uncovers internal factors – such external factors, notably uncertainty, fostering sustainable value for firms. Internal enable integrate considerations into their operations, facilitating mitigation enhancing Meanwhile, heightened drives practices. Consequently, Governments should prioritize development regions characterized by high advance national goals encourage responsible business Originality/value contributes existing literature uncovering combined effects on performance, offering empirical evidence GDP Specifically, it underscores efficacy moderating

Язык: Английский

Процитировано

2
Environmental, social and governance (ESG) disclosure quality in developing countries: evidence from the ASEAN region DOI
Malik Abu Afifa, Nha Minh Nguyen, Duong Van Bui

и другие.

Corporate Governance, Год журнала: 2025, Номер unknown

Опубликована: Фев. 6, 2025

Purpose This study aims to investigate the nexus among environmental, social and governance disclosure quality (ESGDQ), corporate (COG) responsibility strategy (CSRS) in context of ASEAN, a developing market. Furthermore, carbon emission (CAE) has been considered as moderation component for CSRS–ESGDQ link. Design/methodology/approach With strict selection criteria, five countries ASEAN region (ASEAN-5) were selected research sample frame, including Vietnam, Thailand, Malaysia, Indonesia Philippines. Using Thomson Reuters Eikon database, initial included 4,735 listed companies ASEAN-5. After rigorous screening process, there total 683 final with 2018–2022 intervals. Findings By using maximum likelihood structural equation modeling, finding indicates that COG CSRS have favorable effect on ESGDQ ASEAN-5 context. CAE plays an outstanding role The fundamental accounting standards are also identified having impact ESGDQ. Practical implications points up dominant internal components (i.e. COG, CAE) government factor standards) sustainable value ESGDQ) firms ASEAN-5, Thus, firm headers should inspect performance these at crucial interval enhance their (ESG) behaviors make them more sustainable. governments pay attention areas low influence national development goals. Social findings provide some by pointing important factors influencing sustainability practices, understanding how ESG practices can be improved countries. Originality/value enlarges documentation specifying influences factor, well providing actual proof from regions. In addition, this identifies effectiveness its moderating

Язык: Английский

Процитировано

1
The impact of oil shocks on green, clean, and socially responsible markets DOI Creative Commons
Ahmed H. Elsayed, Rabeh Khalfaoui,

Samia Nasreen

и другие.

Energy Economics, Год журнала: 2024, Номер 136, С. 107729 - 107729

Опубликована: Июнь 24, 2024

The study employs novel empirical approaches, namely wavelet quantile correlation (WQC) and cross-quantilogram analysis, to examine the interrelationship between green bonds (GB), clean energy (GCE), socially responsible stocks (ESG), variants of oil shocks during period spanning from June 28th, 2013 1st, 2023. Empirical findings WQC highlight consistent diversification benefits GB against across various market conditions at both short long timescales, while hedge property is evident only in timescales. GCE reveals safe haven response diversifier exists for ESG show turbulence period. Moreover, these noted over medium- long-term horizon. Results analysis reinforce properties GCE, along with characteristics timescales conditions. These offer valuable suggestions investors interested investing sustainable context a volatile market.

Язык: Английский

Процитировано

9
ESG stock markets and clean energy prices prediction: Insights from advanced machine learning DOI Creative Commons

Fahmi Ghallabi,

Bilel Souissi, Min Du

и другие.

International Review of Financial Analysis, Год журнала: 2024, Номер unknown, С. 103889 - 103889

Опубликована: Дек. 1, 2024

Язык: Английский

Процитировано

6
Environmental, social and governance practices: A new perspective from Asian developing countries DOI Open Access
Malik Abu Afifa, Nha Minh Nguyen, Dao Truc Thi Vo

и другие.

Corporate Social Responsibility and Environmental Management, Год журнала: 2024, Номер unknown

Опубликована: Окт. 10, 2024

Abstract The study explores the relationship between corporate social responsibility practice (CSRP), firm performance (FIPE), and environmental, governance (ESGP) within context of several developing countries in Asia. Using Thomson Reuters Eikon database, our focus sample comprised 6927 firms operating 10 Asian countries, namely Indonesia, Israel, Jordan, Malaysia, Pakistan, Philippines, Saudi Arabia, Thailand, Turkey, Vietnam. After a thorough screening process, total 817 were included final dataset, covering years 2019 to 2023, resulting 4085 firm‐year observations. Through use maximum likelihood structural equation modeling (ML‐SEM), findings reveal that CSRP FIPE positively influence ESGP context. Additionally, variable demonstrates an additional mediating role ESGP. Furthermore, carbon emission (CAEM) plays significant moderating CSRP‐ESGP nexus. By focusing on enhancing CSRP, FIPE, reducing CAEM, both businesses governments can collaboratively work towards advancing sustainability efforts across region. Therefore, paper provides insight this using empirical evidence from countries.

Язык: Английский

Процитировано

5
Investor sentiment and sustainable investment: evidence from North African stock markets DOI Creative Commons
Ahmed El Oubani

Future Business Journal, Год журнала: 2024, Номер 10(1)

Опубликована: Июнь 16, 2024

Abstract This paper examines the connectedness between investor sentiment and returns volatility on environmental, social, governance (ESG) indices in Morocco Egypt. Therefore, we construct a new index use weekly data from January 2018 to December 2023, along with time, frequency quantile methods. The results show that sometimes influences of ESG indices, it is influenced by them. stronger during distress events, namely, COVID-19 outbreak geopolitical tensions (the Russian-Ukrainian Israeli-Palestinian conflicts). Furthermore, spillover effect mainly due short-term spillovers, except period, when long-term spillovers dominate. However, spillover, especially Russia-Ukraine War, implying persistence shock transmission high uncertainty. findings also highlight impact market conditions spillovers. These can help socially responsible investors successfully diversify their portfolios adjust strategy according sentiment; they have beneficial implications for policymakers achieving sustainable development goals.

Язык: Английский

Процитировано

4