Corporate Ownership Research Articles

Opaque algorithms, transparent biases: Automated content moderation during the Sheikh Jarrah Crisis

Social media platforms, while influential tools for human rights activism, free speech, and mobilization, also bear the influence of corporate ownership and commercial interests. This dual character can lead to clashing interests in the operations of these platforms. This study centers on the May 2021 Sheikh Jarrah events in East Jerusalem, a focal point in the Israeli-Palestinian conflict that garnered global attention. During this period, Palestinian activists and their allies observed and encountered a notable increase in automated content moderation actions, like shadow banning and content removal. We surveyed 201 users who faced content moderation and conducted 12 interviews with political influencers to assess the impact of these practices on activism. Our analysis centers on automated content moderation and transparency, investigating how users and activists perceive the content moderation systems employed by social media platforms, and their opacity. Findings reveal perceived censorship by pro-Palestinian activists due to opaque and obfuscated technological mechanisms of content demotion, complicating harm substantiation and lack of redress mechanisms. We view this difficulty as part of algorithmic harms, in the realm of automated content moderation. This dynamic has far-reaching implications for activism’s future and it raises questions about power centralization in digital spaces.

Implementation of Beneficial Ownership in Corporations to Prevent the Crime of Money Laundering in Accordance with Law Number 8 of 2010

The era of globalization influences the development of the world economy and one of them is the existence of many forms of business associations, in this case called corporations. Corporations are organized groups and/or assets, whether they are legal entities or non-legal entities. Corporations are often used as a place or business turnover for the proceeds of crime which is called money laundering. Crimes that are often committed by corporations are crimes related to money laundering. To prevent and eradicate the crime of money laundering, corporations must register their beneficial owners. A beneficial owner is an individual who can appoint or dismiss directors, commissioners, administrators, managers or supervisors of a corporation, has the ability to control the Corporation, is entitled to and/or receive benefits from the Corporation either directly or indirectly, is the actual owner of the funds or shares of the Corporation and/or fulfill the criteria as intended in the Presidential Regulation. The method used in this research is normative juridical, which is research using statutory regulations as study material. The data collection technique used by researchers in this research is a library study technique where data is obtained from scientific writings and research in articles and other journals. In order to prevent and eradicate the crime of money laundering, Law Number 8 of 2010 concerning the Prevention and Eradication of the Crime of Money Laundering was issued, as well as Presidential Decree Number 13 of 2018 concerning the Application of the Principle of Recognizing the Benefits of Corporations in the Context of Preventing and Eradicating the Crime of Money Laundering and Terrorism Financing Crime. When establishing a corporation, the beneficial owners of the corporation must be registered. The hope of this regulation is to prevent and eradicate criminal acts of money laundering carried out by corporations under the pretext or business reasons of corporate businesses.

Creditor Driven Insolvency Resolution Law – A Review of Intent v/s Practice.

Purpose- This paper aims to examine the effectiveness of Insolvency Law in India in addressing cases of corporate distress and enabling them to revive the business through restructuring by passing appropriate resolution as envisaged by the Law. It aims to seek evidence as to whether the ‘creditor driven insolvency resolution’ model has a propensity towards ‘resolution’ or is it driven more towards ‘liquidation’ leading to ‘value erosion.’ Design/Methodology/Approach- The paper is descriptive in nature. The paper studies the practice and impact of the Insolvency and Bankruptcy Code in India. The data reported by Insolvency and Bankruptcy Board of India have been used to examine the Insolvency law in practice. Findings- The author argues that Indian Insolvency Law tends to lean towards ‘Liquidation’ of distressed entity rather than ‘Reorganization’ of the entity against legal wisdom behind insolvency laws to promote revival of the distressed entity. The authors also imprint that increasing instances of withdrawal of admitted cases from IBC is an indicator of distressed entities resorting to informal methods of resolving cases outside IBC. Originality/Value- The paper puts across the dichotomy between ‘intention’ and ‘impact’ of Insolvency law in India. The study highlights deviation of insolvency resolution framework in India from the ‘Evolutionary Theory’ which states that increased dispersion of corporate ownership would lead to increased affinity towards ‘manager driven insolvency regime.’ Practical Implications-This study would be useful to insolvency resolution regulators, insolvency professionals and government to examine the insolvency law framework to improve effectiveness of Insolvency and Bankruptcy Code in practice.

How do government R&D subsidies affect corporate green innovation choices? Perspectives from strategic and substantive innovation

Green innovation (GI) plays a crucial role in enhancing corporate market competitiveness and environmental responsibility, but the influence of government subsidies on GI remains uncertain. Based on panel data from 1214 Chinese listed companies between 2007 and 2019, this paper explores the impact of government R&D subsidies (GRS) on corporate strategic green innovation (Str GI) and substantive green innovation (Sub GI), as well as the moderating effect of government environmental attention (GEA) and corporate profitability (CP). The results show that GRS has a positive effect on Str GI, while it has an inverted “U-shaped” relationship with Sub GI. The effect of GRS on GI manifests itself differently across different marketization levels, industry characteristics, and corporate ownership. Further research shows that GEA and CP have a negative moderating effect on the relationship between GRS and Str GI while having a positive moderating effect on the relationship between GRS and Sub GI. The findings of this paper provide practical insights for the government to formulate relevant R&D subsidy policies and to promote corporate GI.

The godly girlboss

ABSTRACT Network marketing has seen no shortage of criticism, but its capital gain for corporate owners and top-tier sellers has remained consistent. In this article, we focus attention on the strategies from which this success emerges. Because the discourses which circulate in these spaces serve to uphold multiple oppressive systems at once and do so under the guise of a seemingly progressive feminism, we see import in demystifying their trends. By analysing brand materials of hair care and wellness company, Monat, as well as the prominent social media presence of some of its most affluent ‘biz and beauty mentors’, we argue that neoliberal feminism and Christian femininity are both demonstrated and reified through the figure of the online influencer we call the ‘godly girlboss’. By exploring how the company’s top sellers integrate messages of religion, beauty, wealth, and wellness, we argue that their rhetoric functions not only to help them sell shampoo, but also to engender investment in a specific white, Christian, feminine lifestyle. In this way, their social media influence operates not only as a capitalist tool, but a political one.

Kurumsal Sahiplik, Tahakkuklar ve Muhasebe Zararları Tazmininin Vergiden Kaçınma Üzerindeki Etkisi (The Effect of Corporate Ownership, Accruals, and Accounting Loss Compensation on Tax Avoidance)

Amaç-Bu çalışmanın amacı; Borsa İstanbul (BIST) Holding ve Yatırım Şirketleri (XHOLD)’nin verilerine dayanarak ilgili şirketlerin kurumsal sahiplik yapıları, tahakkukları (muhafazakârlık) ve muhasebe zararlarını tazminlerinin vergiden kaçınma üzerindeki etkisini araştırmaktır.Yöntem -Araştırma amacı doğrultusunda ilgili endekste yer alan 50 işletmeden verilerine eksiksiz bir şekilde ulaşılan 40 işletme araştırmaya dâhil edilerek 2011-2022 yılları arasında ilgili işletmeverileri Kamuyu Aydınlatma Platformu (KAP)’nda yer alan ve bağımsız denetimden geçmiş olan güvenilir mali tablolardan elde edilmiş panel veri analizi yöntemiyle analize tabi tutulmuştur.Bulgular-Araştırma sonuçlarına göre muhasebe zararları tazmininin vergiden kaçınma üzerindeki etkisi pozitif, tahakkuklar yani muhasebe muhafazakârlığının vergiden kaçınma üzerindeki etkisi ise negatif yönlüdür. Ancak kurumsal sahipliğin vergiden kaçınma üzerinde herhangi bir etkisi tespit edilememiştir.Tartışma-Vergiden kaçınmanın yasal ve ahlaki boyutu literatürde bir tartışma konusu iken, işletmelerin vergiden kaçınma faaliyetleri yerine şeffaf ve dürüst raporlama yapmanın kamuoyu nezdinde daha olumlu, kamu otoritesinin de vergiden kaçınmaya yönelik kanun boşluklarını yeniden gözden geçirmesinin ise daha yararlı bir faaliyet olacağı ifade edilebilir.

Corporate Governance and Ownership Structure Effect on Corporate Social Performance: Evidence from Non-Financial Industries of Pakistan

This paper will examine the diversified associations between corporate governance and ownership structure impact on corporate social performance in dissimilar industries across Pakistan non-financial. The OLS models regression are estimation to using data from 2011 to 2020, that the non-financial industries of Pakistan. Corporate governance including board independence (BINDP), board size (BSIZE), and audit size and committee (A&COM), and structure ownership including, ownership managerial (MOWN), ownership family (FOWN), and ownership concentration (COWN), inspires of organizations corporate social performance with environmental and social risk market capitalization. Generally, the outcomes significant of ownership structure and corporate governance is recognized in industries of non-financial different at a joint level while examines the organizations with a risk whole risk market capitalization disclosure. That suggest to identifying the ownership structure and corporate governance can risk mitigate the market capitalization disclosure non-financial industries in term of correlation the corporate social performance improving and the developed the benefits with the calculation of identical female director in women on board and family ownership organizations (independent or executive) to the panel. This study also demand consideration to the corporate governance and improve structure ownership to enhance the corporate social responsibility in industries non-financial with market risk capitalization analysis, whereas risk control performance of industries analysis after complement by critical mass and independent directors properties.

The Role of Corporate Social Responsibility, Ownership Structure, and Gender Diversity in Firm Performance

Corporate social responsibility (CSR) is now at the heart of corporate sustainability, and as such should have a significant impact on firm performance. However, the ownership structure (OS) is one element in the inner functioning of corporate governance (CG). Further, diversity by gender is one of the variables affecting FP. This paper examines the impact of CSR, ownership structure and gender diversity on FP. That is, we use panel data from non-financial firms in South Asian economies. Data for the years 2010-2022 are drawn from players 'DataStream. We use fixed effect, GMM (generalized method of moments) analysis and propensity score matching to study the data. However, we discover CSR and ownership concentration as well as institutional ownership and gender diversity have positive impacts on FP. study provides the policy implications for both investors and firms. As FP increases with more CSR activities, investors prefer to invest in firms that are more socially connected. Firms should provide more chances to the women on the board to improve performance. Further, ownership structure helps to overcome agency costs, therefore, investors are more attracted to provide funds to the firms that have a higher share of concentrated and institutional ownership.

Assessing the risk of profit shifting among the suppliers to Danish municipalities

PurposeAn increasing number of Danish municipalities wish to minimize tax avoidance due to profit shifting in their public procurement. To facilitate this effort, this study aims to develop a firm-level indicator to assess the potential risk of profit shifting (PS-risk) from Danish subsidiaries of multinational corporations to subsidiaries in low-tax jurisdictions.Design/methodology/approachDrawing from previous research, PS-risk is assumed to depend on the maximum difference in the effective corporate tax rate between the Danish subsidiary and other subsidiaries under the global ultimate owner, in conjunction with the tax regulations relevant to profit shifting. The top 400 contractors in Danish municipalities from 2017 to 2019 are identified and their relative PS-risk is estimated by combining information about corporate ownership structure with country-specific information on corporate tax rates, tax regulations and profit shifting from three independent data sets.FindingsThe PS-risk estimates are highly significantly positively correlated across the data sets and show that 17%–23% of the total procurement sum of the Danish municipalities has been spent on contracts with corporations having a medium to high PS-risk. On average, PS-risk is highest for large non-Scandinavian multinational contractors in sectors such as construction, health and information processing.Social implicationsDanish public procurers may use the indicator to screen potential suppliers and, if procurement regulations permit, to ensure high-PS-risk bidders document their tax practices.Originality/valueThe PS-risk indicator is novel, and to the best of the authors’ knowledge, the analysis provides the first estimate of PS-risk in Danish public procurement.

Do hometown CEOs treat their employees better? Evidence from China

AbstractEmployees are the most fundamental stakeholders in business operations, and safeguarding their rights and interests is an important manifestation of a firm's level of social responsibility. Little research has addressed whether hometown CEOs can affect employee‐related CSR (E‐CSR) and how the corporate ownership and regional economic development would moderate such an impact. Using an informal institutional perspective, we extend the literature on CEO characteristics by exploring the factors leading to employee welfare. Analysing a panel dataset of 1018 firms from Chinese A‐share listed companies between 2008 and 2020, we find a positive relationship between hometown identity and E‐CSR. Further research indicates that the effect is more pronounced in state‐owned enterprises and underdeveloped areas. Against the backdrop of weak labour protection in China's labour market, we contribute to research on informal institutions and employee benefits in pursuing harmonious labour relations.

The hukou system and wage gap between urban and rural migrant workers in China: A meta‐analysis

AbstractThis study involved a meta‐analysis of 506 estimates extracted from 75 studies to estimate the effect size of rural household registration (hukou) on wage levels. Our meta‐synthesis results indicated that the negative effect of rural hukou on wages is statistically significant; however, the effect size remains small in terms of the partial correlation coefficient. The results of the meta‐regression analysis and test for publication selection bias indicated that the differences in the wage effect of hukou among genders, corporate ownership sectors, and periods are insignificant. We also found that publication selection bias is unlikely, and genuine evidence exists in the literature.

선택적 CSR과 외부주주의 감시에 대한 연구

Purpose – This study seeks to explore the impact of outside shareholders on CSR, and discuss how outside shareholders interact with corporate ownership structure to affect CSR. Design/Methodology/Approach – Using longitudinal data from 297 publicly listed companies in Korean large business groups, the study examined the direct and interaction effects of outside shareholders and corporate ownership structure on CSR. It focused on the impact of institutional stockholders holding 5% or more of the equity shares and foreign investors on corporate governance. Findings – While institutional investors do not significantly affect CSR, foreign investors have a positive impact and moderate the effects of corporate ownership structure on CSR. They respectively moderate the positive impact of controlling shareholder ownership and the negative impact of control-ownership disparity on CSR. These findings suggest that foreign investors play a role as independent monitors in aligning corporate governance with CSR objectives in large Korean business groups. Research Implications – The findings highlight the possibility of CSR being exploited for private benefits by controlling shareholders without effective corporate governance. This study emphasizes the need for monitoring and balanced oversight in reducing conflicts over CSR, suggesting the importance of outside shareholder engagement in corporate governance. It posits that outside shareholders, particularly foreign investors, are instrumental in fostering responsible corporate governance and CSR practices.

Peranan Notaris dalam Kepastian Hukum Prinsip Pemilik Manfaat (Beneficial Ownership) Berdasarkan Permenkumham Nomor 13 Tahun 2018

The increasingly rapid development of globalization will have good and even bad impacts on social life. This is in line with the process of the birth of a legal entity which confirms the evidence that law involves several stages, and the role of a notary is crucial in the initial stages of forming a legal entity. Beneficial Ownership can be a serious issue in the business world. A beneficial owner is an individual or entity who ultimately owns, controls, or obtains economic benefits from a company or business entity. In Indonesia, BO is regulated in the Minister of Law and Human Rights Regulation (Permenkumham) Number 13 of 2018. The aim of this research is to explain the role of notaries in legal certainty regarding the principle of beneficial ownership based on Permenkumham Number 13 of 2018. The research method uses descriptive , namely research that describes or explains the problems discussed. The results of this research are that based on Government Regulation Number 13 of 2018 concerning the Actual Beneficial Owners of Corporations, this is a regulation that stipulates the obligation to record and report information regarding the beneficial owners of a company. Notaries have the obligation to record information regarding beneficial owners in the deed of establishment of a company. This information includes the name, identification number, address and amount of ownership of the beneficial owner. The role of a notary in the principle of beneficial ownership covers various aspects that support legal certainty and transparency in the ownership of a company or business entity.

Associations between corporate ownership of primary care providers and doctor wellbeing, workload, access, organizational efficiency, and service quality

Traditionally, in many countries general practices have been privately-owned independent small businesses. However, the last three decades has seen the rise of large corporate medical groups defined as private companies which are able to have non-GP shareholders and with branches across many locations. The greater prominence of profit motives may have implications for costs, access to care and quality of care. We estimate that 45% of GPs in Australia worked in a practice that was a private company, and within this group over one third (19.9% of total) worked in a corporate medical group (a private company with 10 or more practice locations). We examine the association between being in a corporate medical group and 19 outcomes classified into five groups: GP wellbeing, workload, patient access, organizational efficiency, and service quality. GPs who worked in such groups were more likely to be older, qualified overseas, and to have a conscientious personality. There was mixed evidence on GPs wellbeing, with GPs in corporate medical groups reporting a higher turnover of GPs but similar levels of job satisfaction. GP workload was similar in terms of hours worked and after hours work but they reported a lower work-life balance. Patient access was better in terms of lower fees charged to patients but there was weak evidence that patients waited longer. GPs in corporate medical groups reported higher organisational efficiency because GPs spent less time spent on administration and management, had more nurses per GP, but despite this GPs were more likely to undertake tasks someone less qualified could do suggesting that nurses were complements not substitutes. There were no differences in service quality (teaching, patient complaints, consultation length, patients seen per hour). Corporate medical groups have become a substantial part of primary care provision in Australia. There is evidence they are more efficient, patient access is better with lower out of pocket costs and there are no differences in our measures service quality, but concerns remain about GP's wellbeing and work-life balance. Further research is needed on continuity of care and patient reported experiences and health outcomes.

Ownership structure and climate-related corporate reporting

ABSTRACT We investigate the impacts of various types of corporate ownership structures (i.e. institutional, government, and managerial ownership) on climate-related corporate reporting as reflected in the levels of voluntary carbon disclosure. Using a sample of S&P 500 companies from 2015 to 2020 across both environmentally sensitive and non-environmentally sensitive industries, we find that diverse ownership structures have distinct impacts and preferences in corporate carbon disclosure. Specifically, government ownership is likely to promote transparency of carbon information. In contrast, the ownership held by institutional investors (total, short-term, and long-term), managers (i.e. CEOs, directors), and block-holders are negatively associated with the proactive greenhouse gas disclosure. We also find evidence that climate governance quality plays a positive moderating role in the relationship between two ownership types (i.e. long-term institutional investors and block-holder) and a firm’s climate-related corporate reporting. Our findings offer some practical insights for managers, regulators, and policymakers to focus on the configuration of corporate ownership in the context of improving green practices.

Enhancing the corporate social & environmental responsibility of Chinese energy enterprises: A view from the role of management compensation incentive

Energy enterprises are an important basis for ensuring national energy security and economic development, and their social responsibility is closely related to addressing environmental concerns such as over-exploitation of resources and excessive discharge of pollution. The casual effects of management compensation incentives on corporate social & environmental responsibility are explored based on the panel data of Chinese energy enterprises from 2010 to 2021 using the instrumental variable estimation method. The results indicate that management salary incentives can significantly promote the implementation of corporate social responsibility and environmental responsibility, while the proportion of management shareholding will reduce corporate social responsibility (CSR) and environmental responsibility (CER) activities. In addition, there are obvious industry differences and corporate ownership differences in the effects of management compensation incentives on CSR and CER. The negative impact of equity incentives on CSR and CER is even more pronounced in the electricity and environmental industry, and salary incentives have a greater positive effect on CSR for state-owned enterprises. The study shows that enterprises should focus on the salary incentive of managers and appropriately reduce their shareholding. The government should pay attention to the development of state-owned energy enterprises, and limit the shareholding ratio of management through policies and other incentive systems.

The Effect of Corporate Governance, Leverage and External Audit Quality on Profit Management in Companies Listed on the Idx In 2018-2022

Management, as well as those responsible for all company operational activities, can use their authority to influence financial reports. This research aims to analyze and determine the influence of Corporate Governance, Ownership Structure, Leverage and External Audit Quality on Profit Management in Companies Listed on the Indonesia Stock Exchange (IDX ) in 2018 - 2022. The type of research used is quantitative descriptive. This research uses secondary data from financial reports with documentation techniques. The population in this research are companies listed on the Indonesia Stock Exchange (IDX ) in 2018 - 2022. The sample was determined using the purpose sampling method, so there were 36 (thirty-six) companies studied that met the requirements. Hypothesis testing uses the SEM-PLS (Structural Equation Model – Partial Least Square) program. The research results show that Corporate Governance has a significant influence on Leverage and Profit Management, while others do not. However, leverage does not influence earnings management. Corporate governance significantly influences earnings management, and audit quality does not affect earnings management.

Heterogeneous environmental consciousness, carbon permit adoption, and endogenous growth: A case of China

Motivated by low participation rate in China’s pilot Emission Trading Schemes (ETS), yet there being ample empirical evidence of carbon permit activities having an impact on firms’ technological innovation choice, we develop a novel endogenous growth model with carbon accumulation where both the green behaviors of non-corporate individuals and carbon permit adoption choice of corporate owners are influenced by heterogeneous environmental consciousness. Calibrated for China based on ETS price data, we examine the impacts of both long-run policy experiments and short-run cyclicality associated with carbon permit prices. we find that long-term greater ETS trading affordability would incentivize more firms to participate and bring about a reduction in carbon ratio, though it is still largely bounded by the conventional environment-growth trade-off that it requires supplementing it with other policies. In the short run, we find that higher carbon permit trading price would be procyclical to economic expansion but at the cost of environmental degradation too. In combination, this presents a policy dilemma: while improving ETS trading affordability is a long-run policy priority in China, in the short-run, absent fundamental changes, the procyclicality between carbon permit price and economic growth would serve as counteracting forces to this.

International Laws and The Reality: The Complexity of Corporate Law in Empowering Human Rights

Corporations inevitably violate human rights in a variety of ways. As corporations evolved into massive multinational businesses, corporate violence—which is a legacy of colonialism and corporate power—continues to exist today. Corporate players maintain their freedom in pursuing their objectives using convoluted and obscure multinational organizations and supply networks, through the utilization of corporate law principles like the veil of corporate ownership, and also through other practices like tax evasion and lobbying of political bodies. The objective of this article is to explore the legal aspects of the problem of corporate violence, and suggesting reforms to ensure justice for the affected parties. This article uses the doctrinal research method along with the comparative method, focusing on both primary and secondary data. This article makes the case that the issue stems from the structural and systemic flaws in the framework of international law as well as in corporate laws that continually preserve corporate institutions in frustrating the advancement of the cause for human rights. To effectively enhance the corporate and human rights environment, a framework of hard law, soft law, and non-law reforms and actions is needed.

The Effect Of Corporate Board And Ownership Structure On Financial Performance

The study aims to investigate the effect of corporate board and ownership structure on company financial performance during the COVID-19 pandemic, focusing on industries highly affected in Indonesia and Singapore. Using quantitative methods, such as Multiple Linear Regression and considering firm size as a control variable, the study selected a sample through purposive sampling from the listed companies on IDX and SGX. It analysed secondary data from their annual reports between 2018 and 2020. The results show that the board size, board meetings, and managerial ownership positively and significantly affect the company's financial performance in the COVID-19 period. In Indonesia, board size and meetings positively affect a company's financial performance. In Singapore, institutional ownership and managerial ownership have a positive significance on corporate financial performance. Firm size significantly impacts company financial performance for countries in general and Indonesia, while Singapore has the opposite result.