Corporate Practitioners Research Articles

Investigating the impediments to carbon emission mitigation in prefabricated construction: a stakeholder perspective

ABSTRACT Prefabricated construction is a promising global technology for reducing carbon emissions (CEs) in the construction sector. This study aims to identify critical factors affecting the life cycle of prefabricated buildings, understand their interrelationships, and develop targeted carbon reduction measures. A mixed-methods approach is employed, incorporating bibliometric analysis to identify key factors and the Delphi method to refine these factors through iterative surveys with diverse stakeholders. A 24-member scoring panel and a 3-member review panel consisting of experienced corporate practitioners were selected for the study. The DEMATEL-ISM approach was utilized to analyze causal and hierarchical relationships, revealing both direct and indirect impacts on CEs. The findings indicate that factors such as energy efficiency and behavior change significantly affect CEs in prefabricated buildings. The study categorizes 15 key factors, including energy efficiency, environmental properties, behavioral change, and water and solid waste management. Furthermore, it underscores the importance of building design, energy-saving awareness and habits, and policies and regulations in reducing carbon emissions in prefabricated construction. These insights are valuable for advancing sustainable building research, analyzing stakeholder attitudes, and informing engineering project studies.

The Impact of Environmental, Social, and Governance Disclosure on the Performance of Saudi Arabian Companies: Evidence from the Top 100 Non-Financial Companies Listed on Tadawul

This study investigated the relationship between environmental, social, and governance (ESG) disclosure and the performance of Saudi Arabian companies. We analysed panel data from the 100 non-financial companies listed on the Saudi stock exchange (Tadawul) from 2017 to 2022. Using fixed effects, random effects, and generalised method of moments (GMM) models to account for endogeneity concerns, we examined the impact of ESG disclosure on the return on assets (ROA), return on equity (ROE), and Tobin’s Q. An ESG index was constructed through a principal component analysis of individual environmental, social, and governance scores. Our results indicate a significant positive relationship between ESG disclosure and companies’ key performance variables across all models. These findings are consistent with stakeholder theory and signalling theory, suggesting that comprehensive ESG practices can lead to better financial performance and serve as a positive signal to stakeholders. The study also reveals sector-specific differences, with non-manufacturing firms showing stronger positive relationships between ESG disclosure and performance measures compared to manufacturing firms. Additionally, we find that firm size, age, and liquidity are important factors influencing the ESG–performance relationship. This research contributes to the growing literature on ESG and corporate performance in emerging markets, offering valuable insights for policymakers, investors, and corporate practitioners in Saudi Arabia’s evolving sustainable business landscape. Our findings underscore the importance of ESG disclosure in driving sustainable and responsible business practices in the region.

Intellectual property protection and M&A performance

This investigation delves into the connection between the safeguarding of intellectual property and the outcomes of corporate mergers and acquisitions (M&As) and the mechanisms underlying this relationship. The research uses yearly data from 2009 to 2022, encompassing A-share listed companies in Shanghai and Shenzhen, and empirically examines how intellectual property protection influences corporate M&A performance. Furthermore, it delves into the intermediary functions of accessing financial, information, and policy resources within this context. The findings reveal that bolstering intellectual property rights (IPR) protection notably enhances M&A performance. This enhancement is particularly pronounced in state-owned enterprises and those with a stronger resource foundation. Additionally, IPR protection indirectly augments M&A performance by facilitating improved access to financial, information, and policy resources for firms. These discoveries offer valuable insights for policymakers and corporate practitioners, aiding in a deeper comprehension of the pivotal role that IPR protection plays in the realm of mergers and acquisitions.

The Relation between CEO-Friendly Boards and the Value of Cash Holdings

Our study investigates how CEO-friendly boards influence the value and utilization of cash resources. In this paper, we analyze two conflicting views on CEO-friendly boards and their impact on corporate cash holdings: one view posits that such boards might be too lenient, fostering managerial moral hazard problem, while the other contends that they encourage CEOs to share information, despite CEOs knowing that better-informed boards could enforce stricter oversight. By measuring board friendliness through CEO-board social ties, we find that firms with a friendly board tend to maintain lower cash reserves but their excess cash is valued higher by the market compared to firms without such a board. Moreover, these boards deploy excess cash in ways that significantly enhance firm value. The results remain robust even after controlling for various governance variables and CEO characteristics. Our findings offer crucial insights for corporate practitioners and policymakers, highlighting the importance of appointing and retaining CEO-friendly directors to foster effective information exchange, especially in firms with substantial CEO-board information asymmetry in capital budgeting.

The Influence of Transfer Pricing, Leverage, Profitability, and Earnings Management on Tax Avoidance Moderated by Institutional Ownership (An Empirical Study of Manufacturing Companies)

This research delves into the multifaceted relationships between Transfer Pricing, Leverage, Profitability, Profit Management, and Tax Avoidance, with the moderating influence of Institutional Ownership in manufacturing companies listed on the Indonesia Stock Exchange (BEI). The study employs a descriptive research design with a quantitative approach, utilizing a multiple linear regression-based method through EViews. The research population comprises manufacturing companies listed on the Indonesia Stock Exchange (BEI) between 2020 and 2021. The purposive sampling method was employed, resulting in a sample of 81 manufacturing companies, totaling 162 observations. Secondary data were collected from the official IDX website www.idx.co.id and www.yahoofinance.com. The findings indicate that Transfer Pricing and Leverage exhibit a significant positive influence on Tax Avoidance in manufacturing companies, while Profitability demonstrates a significant negative effect on Tax Avoidance. Conversely, Profit Management does not exhibit a significant impact on Tax Avoidance. Moreover, Institutional Ownership is identified as a moderator, strengthening the influence of Transfer Pricing and Leverage on Tax Avoidance. However, Institutional Ownership does not reinforce the influence of Profitability and Profit Management on Tax Avoidance. This research contributes valuable insights for policymakers, tax authorities, and corporate practitioners, highlighting the nuanced dynamics of Transfer Pricing, Leverage, Profitability, and Profit Management in shaping tax avoidance strategies, particularly in the context of manufacturing companies in Indonesia.

Board of Commissioners’ Relationship and Climate Change Disclosure: Evidence from Mining Companies

Climate change is one of the most important environmental challenges, with academics, corporate practitioners, and governments all paying close attention. The purpose of this study is to investigate the impact of board qualities such as independence, nationality, and busyness on climate change disclosure. The study consists of 44 samples and 216 data observations. Secondary data were gathered from annual reports issued by sample companies between 2018 and 2022. Darus et al. (2020) generated 19 carbon emission disclosure items, which were subjected to content analysis. According to the conclusions of the study, a bigger proportion of independent commissioners and commissioners' busyness favorably affect a company's initiative to publish climate change-related information. This study adds to the limited scholarly literature on the association between board characteristics and non-financial disclosure performance. It has significant implications for managers and regulators to pay closer attention to the effectiveness of commissioners' oversight in supporting company environmental actions.

Religious tourism scholarship: current state and future research directions

PurposeThis study aims to investigate the knowledge domain and development trends that appear in the scholarly corpus on religious tourism.Design/methodology/approachThe most common themes evolving in the religious tourism research field are figured out by conducting keyword and trend analyses using the bibliographic data collected from 988 research articles published in Social Science Citation-indexed journals listed in the Web of Science database between 1992 and 2022.FindingsIt has been found that the number of publications has increased exponentially. European countries are the major contributors to religious tourism research. Research has mainly clustered around the areas of spiritual experience, identity, cultural heritage, pilgrimage, tourist attitude, behavior and satisfaction. Judaism, Hinduism and Buddhism are religions that have received relatively little research attention.Research limitations/implicationsFuture research should focus on the sustainability of religious tourism sites, mitigating the adverse impact of the commercialization of religious tourism products and recovering religious tourism activities from the COVID-19 impact.Practical implicationsThe findings are useful for corporate practitioners, site managers and entrepreneurs to take advantage of the valuable opportunities this segment offers. These findings are useful for scholars and policymakers in acquiring the latest knowledge of developments in this field.Social implicationsThe insights obtained by using a holistic approach are valuable for religious tourists who want to understand the importance of visiting religious sites.Originality/valueThis study identifies key themes that have evolved in religious tourism. In so doing, it presents an agenda for pushing this research corpus forward.

The systems approach of strategic roadmapping: Framing challenges and contributions whilst flexing to changing conditions and circumstances

AbstractFor supporting strategy development, corporate practitioners and consultants have long appropriated the roadmap metaphor for journey‐making to establish the concept of strategic roadmapping. The practice involves charting future courses of action to help realize a vision. However, despite the significant uptake and use of the method, there still lacks a discourse on its inherent flexibility. Therefore, this paper outlines roadmapping's flexible nature from a systems perspective. The key attributes of the approach being general, scalable, customizable and dynamic are characterized. The governing framework underpinning roadmapping is depicted and described. To provide guidance on deploying this framework, two critical aspects are covered: (i) framing the challenges being faced and contributions necessary to move forward and (ii) with specific regard to having to deal with the realized unfolding of time, the need to flex to evolving conditions and new situational circumstances.

Toward a System Theory of Corporate Sustainability: An Interim Struggle

In response to the prevailing sustainability problems that are difficult to solve since they are characterized by complex interdependencies, and the effort to solve one aspect of a sustainability problem may lead to other problems, the present study’s objective is to develop an interim, system-based theory of corporate sustainability to fill in significant gaps in the corporate sustainability field. The paper starts by outlining the gaps, introducing a theory building approach, followed by discussing components of the emerging theory. As a system-based theory, the emerging theory is demonstrated through the Corporate Sustainability system, comprising Sustainability Culture, Resilience and Corporate Sustainability Performance subsystems. These subsystems interact to ensure a continuous delivery of sustainability performance outputs and outcomes. The resulting theory is highly dynamic in nature with a feedback loop of learning to reflect the actual reality of high-velocity environment. Implications for corporate practitioners and theorists are also discussed.

Corporate Organizational Culture and its Description in Bhagavad Gita

Today’s organizations are primarily dynamic and pose huge challenges and opportunities to the policy makers and corporate practitioners. The philosophy of Bhagavad Gita should not only be viewed from spiritual perspectives but also as a guide in developing Managerial Effectiveness. Today it has found its place as an alternative to the theory of modern management and also as a means to bring back the right path of peace and prosperity for the human beings. This research paper measures empirically the effectiveness of organizational corporate culture and its descriptions in Bhagavad Geeta. With this paper we will see the practical message of Bhagavad Gita has strong linkage to core management practices like establishment of good corporate culture.

National Corporate University of ASN: Orchestrating Strategic Competency Development at the National Level

State Owned Enterprises (SOEs) have inspired the National Institute of Public Administration in designing and creating a corporate university for national civil service – the National Corporate University of ASN. This corporate university aims to accelerate the development of civil service competencies in line with national development goals. This university is different from general corporate universities that have been implemented in several government agencies as well as SOEs. Although details about the corporate university have been disseminated several times across various stakeholders, there are still misinterpretations regarding on it. This paper explains the urgency of having such a corporate university as an instrument in orchestrating the national strategy through competency development. A descriptive qualitative apprach was used and data were collected through discussions with experts and corporate practitioners, and through reviewing the literature related to the concept of corporate universities. It was found that the scope of this corporate university includes: National leadership development programs, cross-agency strategic competency development programs, and knowledge management and learning management systems that support implementation. The results of this study will be used as a reference in subjects related to corporate universities as well as for policy recommendations for corporate university practitioners.
 Keywords: corporate university, National Corporate University of ASN, competency development

Student's perception about employability courses led by corporate practitioners: An exploratory study

Student's perception about employability courses led by corporate practitioners: An exploratory study

Enhancing Financial Reporting Quality through Corporate Ethics Commitment

Objective - A rising number of cases involving ethical misconduct within firms have of late received considerable attention in Malaysia. Despite the country's declaring having a strong corporate governance policy, strengthened through the Code of Ethics for Company Directors and Malaysia Code of Corporate Governance, unethical practices, and lack of integrity within firms remain an issue. This paper aims to review the current implementation of corporate ethical conducts among corporate governance practitioners as well as factors that influence corporate ethics commitment in a firm. Methodology/Technique - This paper is developed from extensive readings of previous literature on corporate governance practices and their effect on the quality of financial reports. Findings - This paper discloses collective approaches of corporate ethics practiced in Malaysian firms and how the implementation has enhanced the firms' overall financial reporting quality. It demonstrates current issues and the importance of corporate ethics commitment to enhance financial reporting quality. Firms that emphasize ethical commitments, reduce the risk of financial statement fraud and firms will naturally gain trust from their stakeholders. Novelty - This paper stresses the importance of sound ethical conduct above other factors that influence the financial reporting quality of firms in Malaysia. This paper is the result of extensive research on corporate ethics commitment and financial reporting quality. Type of Paper - Review. Keywords: Corporate Ethics; Corporate Governance; Financial Reporting Quality JEL Classification: G34, M41.

Corporate Governance and Financial Performance of Money Deposit Banks in Nigeria

Purpose. The main cause of distress in the majority of Nigerian banks is poor corporate governance in the country. Corporate governance (CG) is a contemporary subject attracting the consideration of the corporate world, practitioners, consultants, academia and society at large. As a result, this study explores the financial performance (FP) of money deposit banks (MDBs) in Nigeria as a result of corporate governance put in. It went on to investigate the impact of board size and composition, as well as the audit committee, on bank financial performance. Methodology. A descriptive design method was adopted, while secondary data in the form of yearly financial reports of banks selected for the study were obtained and relevant documents via electronic search of databases. Descriptive statistics were used in analyzing the data and an econometric model of panel least square (PLS) regression test was employed for the study. Findings and Implication. The findings affirmed that the correlation between size of board of directors and bank performance was significant, however negative. The results of the study show that the board of directors (BOD) composition significantly influences the FP of MDBs. The study results further reveal that the correlation between size of the audit committee (AC) and FP of MDBs is significant and also a negative one. As a result, based on the empirical findings of the study, it is concluded that CG has a statistically significant influence on the FP of Nigeria’s listed money deposit banks. Mechanisms such as the large size and composition of the board as well as the size of the audit committee encourage a negative impact on the FP. In line with the foregoing, the study recommended that an effort be made to improve CG, in the sense that the number of directors on board should be kept to a desirable level, and that the ratio of executive directors to non-executive directors, as well as the size of the audit committee, is kept at an optimal level.

Convergence or Disparity? A Cross-Country Analysis of Corporate Social Responsibility Reporting for Banking Industry in Nordic Countries and China

This research investigates the corporate social responsibility (CSR) reporting for banking industry in Nordic countries and China, and compares the convergence and disparity of disclosed CSR information across these two regimes. The study encompasses a sample of eight largest commercial banks by total assets in Nordic countries and China over a 5-year period of 2013–2017. We employ a disclosure index approach to assess the contents of CSR reporting based on eight categories and a total of 60 CSR indicators. The results indicate that Nordic banks have a higher overall disclosure level of CSR information than Chinese banks, and significantly ahead of their counterparts with respect to the international commitment, and a wider coverage of addressing stakeholders’ needs. In contrast, CSR reporting in Chinese banks put greater emphasis on national public policy and philanthropic activities. Nevertheless, all sample countries share a convergence on underlining the importance of complying with applicable laws and regulations. The study findings assert that the convergence and disparity of CSR reporting across countries is relevant to pre-existing socio-political institutions the firms can rely on. This research probes into an unexplored research territory by comparing the CSR reporting between banks from a so-called Nordic business-society model and a Confucian-tradition model. Hence, it entails some important policy prescriptions for the concerned administrators and corporate practitioners in the sample countries.

A Conceptual Framework for Human Resource Management: An Application to the Organizational Culture

Human resource management (HRM) is a practice that aims to foster the link between human resource and organizational outcomes through employee outcomes and organizational culture. The present article focuses on the antecedents of HRM practices designed to suit each stage of an employee life cycle and proposes a new conceptual framework for HRM. The research attempts to focus on some elements that play an arbitration role among human resource management practices and organizational performance. The proposed conceptual framework is based on the HRM theories and practices that have been supported by theoretical perspectives. The conceptual framework prioritizes the links between HRM and organizational outcome through employee outcome and organization culture, outlined by the kind of HR practices implemented throughout the stages of an employees' life cycle. The theoretical perspectives of the present article contribute significantly to the existing body of knowledge and it seeks to draw the attention of corporate practitioners, academicians, and stakeholders toward the significance of implementing and following strategic HRM policies within organizations in developing economies.

A Trans-Atlantic Doctrinal Orientation Made Concrete: Ohio’s First 'Modern' Business Corporation Act (1927)

A Trans-Atlantic Doctrinal Orientation Made Concrete: Ohio’s First 'Modern' Business Corporation Act (1927)

The Benefits of Buying Distressed Assets

Studies of mergers and acquisitions have struggled to identify characteristics of M&A transactions that are consistently associated with positive returns for buyers. The authors report the findings of their study of buyers' gain in fire sales by examining the stock price reaction to corporate announcements of acquisitions of distressed companies or their assets. During the period from 1982 to 2012, buyer returns were approximately two percentage points higher in fire sales than in regular M&A transactions.The explanation of this result is shown to be the reduction in the sellers' bargaining power. Consistent with that explanation, the authors found no difference in either the operating profitability of the buyers after acquisitions, or in the combined announcement returns of buyers and sellers between fire sales and regular acquisitions, suggesting that the quality of the match is similar in both types of transactions.For corporate practitioners, one implication of these findings is that corporate acquirers—and not just the private equity firms that focus on distressed companies—should consider the purchase of distressed assets as a value‐adding way of deploying capital. From a public policy perspective, the spillover costs associated with fire sales for the distressed seller's suppliers and customers are roughly comparable to those in regular M&A deals. Moreover, fire sales do not depress the asset values of other companies in the seller's industry. In sum, the welfare losses associated with fire sales are smaller than previously thought, which in turn casts doubt on the $1.8 trillion of federal bailout funds appropriated in response to the COVID‐19 pandemic as the best use of taxpayer money.

Corporate Annual Meetings of Shareholders in the COVID-19 World

A number of states are reacting to the COVID-19 pandemic by adopting emergency legislation or executive orders to authorize shareholder meetings that are not held “at a place” but only by telecommunication – referred to as “virtual-only” meetings. As corporate practitioners know, Colorado corporations are required to hold annual meetings of shareholders (C.R.S. § 7 107-101(1)), and those meetings involve certain formalities (which can be made more restrictive in the articles of incorporation or bylaws) such as: 1. Preparation of a shareholders’ list as of the record date that is available for review by shareholders; 2. Sending notice of the meeting place, date, and time to shareholders; and 3. Counting of votes from properly registered and voting shareholders entitled to vote. These requirements apply to Colorado corporations that are public companies subject to the rules of the Securities Exchange Act of 1934 as well as to private companies with one to one hundred or more shareholders. Of course, Colorado corporations which are subject to the 1934 Act’s proxy and reporting rules have a number of requirements to meet in addition to the requirements of Colorado law. Subject to contrary provisions in the articles of incorporation or bylaws of a Colorado corporation, the Colorado Business Corporation Act contemplates that Colorado corporations may hold hybrid shareholders' meetings, but do not yet provide for virtual only shareholders' meetings. In Colorado, as in other states, other statutes for corporate-like entities (such as nonprofit corporation statutes, statutes for cooperative organizations, and statutes for homeowners associations, should also be reviewed together with the governing documents for those organizations.

A Study on the Export Strategy of China to the Cosmetic Industry

Purpose - The purpose of this study is to suggest strategies and solutions for entering China in the tariff and non-tariff sectors of the cosmetic industry. Design/methodology/approach - This study analyzed the import tariff rate of cosmetics in China, and analyzed the export cost by actually interviewing the exporting companies to derive the economic effect of non-tariff measures. Findings - First, We proposed the use of the FTA business model (basic cosmetics), the use of Korea-China FTA tariffs (foam cleansing, toothpaste), and the use of APTA tariffs (perfume). Second, We proposed cooperation between the governments to facilitate customs clearance procedures and improvement of FTA awareness among corporate practitioners. Third, We proposed the expansion and support of the AEO MRA system and the expansion of Korea-China MOU conclusions regarding the certification system, and the international standardization of domestic licensing system and technical conditions. Fourth, We proposed the use of government-supported projects related to obtaining overseas certifications and overseas expansion through collaboration with the same industry. Research implications or Originality - HS3304 products excluded from the Korea-China FTA should take full advantage of the FTA business model. In addition, the non-tariff measure costs are fixed costs per year, so the ratio decreases as the number of exports and export volume increases.