Creative Governance Research Articles

An Exploratory Discourse of the Operational Connection between Corporate Governance and Creative Accounting in Oil Company Administration in Nigeria

This paper delves into and illuminates on the practices and successes of new and creative governance and accounting practices in Nigeria's oil and gas industry. The purpose of the paper is to find the nexus between corporate governance and creative accounting in Nigerian oil companies. It highlights various management concepts and facets of corporate governance in the Nigerian context that are immoral, but done in the interest of profit maximisation. The study also curiously documents how corporate governance affects the business model of Nigerian companies. This is mostly a doctrinal research that relies heavily on secondary data as obtained from available literature on creative accounting and corporate governance. Finally, there are several corporate governance procedures used in the oil and gas sector of Nigeria which often heavily reflects poorly on the efficiency of the firms, most notably the enforcement of criteria and metrics and their participation in decision-making. Often, the examination of calculation methods, their implementation, their outcomes, and their practical applications in the market environment. It is, without doubt, the reality that Nigerian companies, particularly those in the oil industry, are enmeshed in the practice. The paper finds that there is no guarantee those who are in charge of corporate governance who employ creative accounting will be able to do the best they can to create strategic and financial performance for Nigerian firms, most especially as better decisions are needed for stimulating the economy and recommends that ethical conduct, organizational transparency, accountability and probity be inculcated as an integral policy architecture for corporate governance in Nigeria's oil industry whilst advocating that the concept of separation of powers must be adopted to corporate governance if sustainability, lack of corporate impunity and a culture of unethical conduct in the boardroom would not be perpetually occasioned.

What collaborative planning practices lack and the design cycle can offer: Back to the drawing table

This article critically discusses the premises underpinning the collaborative ideal, which has become central to Western spatial planning practices. With their emphasis on a structure which focuses on the problem, actors, deliberation, agreement and acceptability, collaborative processes produce conservative choices. However, this approach might not effectively address the big challenges confronting our metropolitan areas and regions today. Instead, the essence of choosing how to respond in the face of long-term challenges is a thorough analysis of the situation (beyond just the actors’ wishes), generation of a wide array of possible actions (more creative than mere compromises), and arriving at decisions which demonstrate vision and leadership. This resembles the design cycle, which we claim enriches the collaborative model. We propose principles for a more creative governance which suggest emphasizing the exploitation of an area’s full potential instead of solving its specific problems.

Transforming IA from the outside in: capacity and levers for strategic assessment

ABSTRACTImpact assessment (IA) is under pressure to respond to increasingly complex environmental challenges. This paper reflects on the future of IA and argues for a larger and more deliberate role for strategic assessment in response to the complexity and scale of problems being brought to the IA table. It also posits that the drivers for transformation in IA are likely to emerge from creative governance solutions external to IA, more so than from new IA tools, more data, or ‘better’ IA legislation.

The personality dimensions research self-esteem, self-control and self-efficacy on creative government accountants in Yazd

This study examines the relationship between financial structure and economic growth in the Tehran Stock Exchange's Company. The purpose of this study is communication the fact that the economic growth company with the financing of internal and external and fund the company's impact on economic growth. This hypothesis was tested in a model mix that165 company picked up during the period 2007 to 2012. This study is a descriptive regression, theoretical literature was library data from the Stock Exchange and corporate reports are obtained. Methodology: This study aimed to investigate the relationship between personality traits (self-control) in Yazd province executive creative accountants. This research as applied research and in terms of data collection, descriptive and correlational study. The populations of this research are all accountants executive Yazd province whose number is 500. Using a sample of 164 was selected. To collect data from questionnaires creativity, Rosenberg Self-Esteem Scale, a questionnaire Tanjny control, GES self-efficacy questionnaire was used. According to the analysis of the collected data, the following results were obtained. Efficacy influence on Yazd Province executive creative accountants. Control over influence on Yazd Province executive creative accountants. Results: Experimental results show that external financing - short-term debt – significantly impact on economic growth, however results in the total sample is weak while more significant results in various industries. The results showed that short-term debt and long term car industry is more important and more important in cement industry retained earnings and changes in retained earnings. The results also showed that the company's size and age also affect the company's growth. Conclusion: The results of this study can be used in financial and economic policy makers, decision makers in the capital market, companies listed on the Stock Exchange and financial institutions and individual investors will be invested.

Investment Migration and Subnational Jurisdictions

This chapter sets out to explain the position of small islands, focusing on their economic and citizenship dependence on metropolitan states. These small jurisdictions argue that their market operations could be legitimately described as improving the institutional ‘efficiency’ of financial markets. Moreover, and quite realistically, they have limited development choices to consider and are effectively playing to their narrow competitive edge, as rendered by their sub-national status, small size and islandness. These acts, suitably ring fenced, are expressions of ‘creative governance’, a blatant and market driven exploitation of political geography for economic, fiscal or strategic gain. Furthermore, the ‘governmentality’ of the territorial state – its clout and reach over the behaviour of its citizens – is being sorely tested, with the proliferation of offshore banking and dual nationality/multi-passporting for various clients, ranging from transnational corporations to ‘cosmopolites’ to those unable or unwilling to tolerate particular leaders at home. Such practices are being also abetted by the politico-economic elite at the helm of small, often island, jurisdictions: these policy shapers sense – and are reminded by the international corporate world – that they have a rare competitive advantage in widening their jurisdiction’s tax base by reducing tax rates and offering citizenship schemes. Criticism and conceptual provocations, of course, abound, and especially since the 2008 global financial crisis, when leading economies have been naming and shaming individual and corporate tax offenders in attempt to collect their tax. The very principle of ‘offshore financial services’, for all its veneer of respectability, has been subjected to disrepute because the legal products being offered are tantamount to acts of ‘selling sovereignty’. The practice has been sometimes viewed as part of a suite of desperate measures taken by small and chronically vulnerable and cash strapped territories, often connived by external elites who can capture the state to do their bidding. That said, citizenship by investment programs have recently been proliferating and this trend is expected to continue. The extra-territoriality potential offered by such spaces as the high seas, the Moon and the Planet Mars renders them attractive locales for novel governance regimes that may wish to escape the clutches of rapacious, tax-seeking states. Meanwhile, here on Planet Earth and on solid ground, subnational jurisdictions are ‘territories sui generis’ that already offer their own opportunities for creative endeavour.

Temporary uses of urban spaces: How are they understood as ‘creative’?

Analysis of the emergent theoretical, empirical, and planning policy studies of ‘temporary uses’ of derelict urban spaces in European cities illustrates three distinct realms where the concept of ‘creativity’ is defined and applied to urban management and redevelopment approaches: in terms of creative production, consumption of creativity, and creative governance. These concepts mesh together with a liberalization of urban planning and governance. Creative planning for temporary use suggests not just reducing the regulation of urban activity and built form, but transforming the aims and methods of planning itself to be more dynamic and more facilitative.

UPAYA PEMERINTAH DALAM PENINGKATAN INDUSTRI BATIK BAKARAN DI KABUPATEN PATI MELALUI PROGRAM EKONOMI KREATIF

The purpose of this paper is to see the potential Batik Bakaran in the district. Pati, Central Java which experienced ups and downs and has not been able to compete with other batik areas. Batik Bakaran is again encouraged through creative government economic program in in order to be able to compete in national level industry. This paper uses descriptive qualitative methods, with data collection techniques using librarian research and interview techniques. The results of this study indicates that the government has provided support to batik craftsmen. Government assistance is displayed by developing human resources through training to stimulate the innovation of batik craftsmen in terms of the creation of Batik Bakaran motifs and colors to be more attractive to consumers. But apparently it has not been able to improve the competitiveness of Batik Bakaran in the national industry. Solutions to overcome these problems is to apply the concept of competitiveness through the development of the capabilities of the batik Bakaran industry players include: (1) ability to strengthen its market position, (2) ability to connect with its environment, (3) ability to improve nonstop performance, and (4) ability to establish favorable position.

Ambicultural Governance: Harmonizing Indigenous and Western Approaches

Indigenous and Western business practices and worldviews can be harmonized to create and enhance well-being through ambicultural governance practices. This article focuses on exploring, both theoretically and empirically, creative governance endeavors to bring together Indigenous and Western practices for the purposes of creating both wealth and well-being in the service of society. We emphasize the need to return to the idea of business as serving the well-being of communities and suggest this can be done through a relational kaitiakitanga, stewardship approach that is at the heart of our research. Through a qualitatively rich case study of a Māori business, we present a Strategy Model He Whenua Rangatira—A Balanced Landscape that serves to act as a decision-making tool that facilitates both tangible and intangible benefits for organizational success and collective well-being. We suggest that all businesses, both Indigenous and Western, can gravitate toward this approach, while contextualizing their ambicultural governance.

Australian experiments in creative governance, regionalism, and plurilateralism

The previous Abbott government had prioritized a general attitude to foreign policy captured by the phrase “Jakarta not Geneva,” which signified a preference for bilateral or minilateral interactions with the region rather than United Nations-based multilateralism. With Julie Bishop MP as Australia’s first female foreign minister, the Coalition also prioritized economic diplomacy, as exemplified by the repeated refrain that Australia is “open for business.” This approach led to a preference for diplomatic venues and processes that focused on continuing investments in regional architecture, new emphasis on minilateral dialogues such as the Indian Ocean Rim Association (IORA) and Mexico, Indonesia, Korea, Turkey, and Australia (MIKTA), and more effort directed to bilateral and plurilateral processes such as the Trans-Pacific Partnership trade negotiations. This approach has been continued under Prime Minister Turnbull, with a renewed focus on innovation. Part 1 considers minilateral and regional investments in the Indo-Pacific region, primarily, IORA, the Asia-Pacific Economic Cooperation (APEC), and the Association of South East Asian Nations (ASEAN). I consider MIKTA a unique vehicle for Australian diplomacy. Part 2 considers what issues Australia should be pursuing through these forums, with a focus on the two themes of gender equality (as an example of niche diplomacy) and trade (multilateralism under pressure) as case studies. Beeson and Higgott argue that middle powers have the potential to successfully implement “games of skill,” especially at moments of international transition. How skilful have Australia’s efforts been in these minilateral dialogues, enhanced regionalism, and plurilateral processes, and what more can be achieved in these forums? Are these efforts creating more fragmentation of the rules-based order, or are they a way to overcome global governance stalemates? I set out the arguments for whether Australia, as a pivotal power, should generate more global options, or be more focused on inclusion in the Asia-Pacific region.

A New Approach of Innovation: from the Knowledge Economy to the Theory of Creativity Applied to Territorial Development

The general idea of this paper is the fact that the theory of innovation cannot be completed as long as the idea of creativity is not introduced in the analysis of the cognitive processes involved. Too often, in innovation studies, novelty is considered as pure knowledge creation. The new approach of creativity in management science, economic geography, or sociology of innovation has revealed the importance of other ingredients than knowledge: entrepreneurship, serendipity, imagination, etc. In particular, creative cities are not just knowledge-based territories. For addressing the issue of creative territories, we need first to define creativity in general and in different domains: in science (discovery), technology (invention), or economy (innovation), as well as in artistic, cultural, or societal fields. We will underline the necessity to be creative in policy design as well. It is not enough to build knowledge infrastructures and to promote human capital or attract “creative people.” Are there recipes for the creative governance of geographical entities? What can we learn from the application of standard policies? And from the new policy paradigms like the Smart specialization strategy of the EU? At microeconomic level, entrepreneurs and creative organizations must deal with the exploration/exploitation issues and find an acceptable tradeoff. Territories must also find relevant governance structures and procedures for the “creative” design of development strategies. In this perspective, they can rely on certain actors of the innovation process, like knowledge-based business services, and some talented individuals, for implementing the necessary distributed intelligence.

A Study to Show the Relation between Creative Accounting and Corporate Governance

The concept of corporate governance and creative accounting has come into picture after the big accounting scandals (Enron, WorldCom, Satyam computers etc.). Corporate governance represents the manner in which a company is directed and controlled and this aspect is closely related to creative accounting practices, ownership structure, board of director’s structure, they all can encourage or discourage creative accounting practices. Corporate governance is a current issue with great impact on creative accounting. Occurrence of creative accounting is related to weakness of corporate governance. The paper is structured as follow, at first some definitions of creative accounting and corporate governance after introduction. After that role of corporate governance in detecting creative accounting practices is shown, theories of corporate governance are bring into attention to identify the nature, existence and incidences. Comparative analysis of top scandals is also shown on the basis of some corporate governance parameters. In this paper we examine the relation between creative accounting and corporate governance. Corporate governance is measured through TDI, and results that more information is provided on audit committee and for company’s shareholders as compared to its Board structure and disclosure practices. Creative accounting is measured by performance indicators like Tobin’s Q, ROA, ROCE, Debt/Equity. In correlation we find significant negative relationship between ROCE and leverage of firm, and significant positive relationship between P/E and leverage.

Creative Accounting and Corporate Governance: - A Literature Review

The concept of corporate governance and creative accounting has come into picture after the big accounting scandals (Enron, WorldCom, Satyam computers etc.).Corporate governance represents the manner in which a company is directed and controlled and this aspect is closely related to creative accounting practices, ownership structure, board of director’s structure, they all can encourage or discourage creative accounting practices. Corporate governance is a current issue with great impact on creative accounting. This paper is based on how corporate governance seen as possible solution to reduce creative accounting practices. Occurrence of creative accounting is related to weakness of corporate governance. The paper is structured as follow, at first some definitions of creative accounting and corporate governance after introduction. After that motivators of creative accounting, consequence of creative accounting , techniques of creative accounting , solution to these techniques, theories of corporate governance are bring into attention to identify the nature , existence and incidences. After that relation between corporate governance and creative accounting is shown. The paper continues with a review of some code of conduct of corporate governance like SOX Act, Cadbury committee, Blue Ribbon committee, and concludes by suggesting some solutions and recommendations for this problem of creative accounting.

The Role of Accounting in Colleges Increase the Credibility of Future Accountants

<p>This research aims to improve public confidence in the credibility of accountants. The involvement of professional accountants in some cases financial reporting proved to be detrimental to the public at large and potentially reduce the credibility of accountants. To prevent the recurrence of similar cases in the future, then the preventive efforts should be made early on that in college because of accounting students are candidates for professional accountants in the future. Accounting colleges need to improve the structure of the curriculum by providing more servings to the problem of moral ethics.</p><p>The study was conducted on two groups of respondents, academics (students and professors of accounting), as well as practitioners (public accountants and management accountants) in East Java. Data is primary, obtained through questionnaires, analyzed using a technique independent sample T-test and Regression Analysis.</p>The study concluded that academics perceive the credibility of accountants better than the practitioners. In deciding the accounting policies, academics more moral scenarios taking into account the magnitude of the consequences and social consensus. Meanwhile, practitioners tend to take advantage of the flexibility of financial reporting as a loophole to gain managerial. Understanding of the professional code of ethics is creative accounting practices and good corporate governance principles proven to affect the credibility of the accountant.

Islands and the offshoring possibilities and strategies of contemporary states: insights on/for the migration phenomenon on Europe’s southern flank

Islands have transitioned from being conceived as prototypes of idealised polities to being deliberately engineered as offshore enclaves where the rules of the parent state need not fully apply. With their manageable size, separation and distance from the mainland, small islands are rendered as convenient laboratories for entrepreneurial political engineering, and equally handy sites for research on the same. Island migration policies manifest this contemporary flexibility and creative governance of states. As we approach the 500th anniversary of Thomas More’s Utopia (1516), this paper explores these ideas in relation to the migration phenomenon on Europe’s southern flank. Using an island studies approach, it discusses the problematique of island spaces caught in this dynamic but which cannot be ‘offshore’ because, as unitary island states (Cyprus and Malta) and unlike larger states with small outlying and peripheral island components (Italy and Australia), they must somehow be ‘both inside and outside’. The paper goes on to critique such facile binarisms, arguing for a more nuanced appreciation of islands as well as a recognition that what may be, at face value, an expression of a state’s authority is as much a manifestation of its limitations.

Book review: Island Enclaves: Offshoring, Creative Governance and Subnational Island Jurisdictions

Book review: Island Enclaves: Offshoring, Creative Governance and Subnational Island Jurisdictions

An Empirical Study on the Effects of One-Person Creative Company Entrepreneur's Characteristics and Government Supports Policy on Business Performance

An Empirical Study on the Effects of One-Person Creative Company Entrepreneur's Characteristics and Government Supports Policy on Business Performance

Actor-based management and captive shared services: a model for creative governance in the SME sector?

This paper was presented at the 3rd Actor-reality conference, Aarhus University, October 23-25, 2013.

Island Enclaves: Offshoring, Creative Governance, and Subnational Island Jurisdictions, by Godfrey Baldacchino

Island Enclaves: Offshoring, Creative Governance, and Subnational Island Jurisdictions, by Godfrey Baldacchino

Governing the governors: a case study of college governance in English further education

This paper addresses the nature of governors in the governance of further education colleges in an English context. It explores the complex relationship between governors (people/agency), government (policy/structure) and governance (practice), in a college environment. While recent research has focused on the governance of schooling and higher education there has been little attention paid to the role of governors in the lifelong learning sector. The objective of the paper is to contribute to the debate about the purpose of college governance at a time when the Learning and Skills Council commissioning era ends and new government bodies responsible for further education and training, including local authorities, arrive. The paper analyses the nature of FE governance through the perspectives and experiences of governors, as colleges respond to calls from government for greater improvement and accountability in the sector. What constitutes creative governance is complex and controversial in the wider framework of regulation and public policy reform. As with other tricky concepts such as leadership, professionalism and learning, college governance is best defined in the contexts, cultures and situations in which it is located. College governance does not operate in a vacuum. It involves governors, chairs, principals, professionals, senior managers, clerks, community, business and wider agencies, including external audit and inspection regimes. Governance also acts as a prism through which national education and training reforms are mediated, at local level. While governing bodies are traditionally associated with the business of FE—steering, setting the tone and style, dealing with finance, funding, audit and procedural matters—they are increasingly being challenged to be more creative and responsive to the wider society. Drawing on a recent case study of six colleges, involving governors and key policy stakeholders, this paper explores FE governance in a fast changing policy environment.

Arts Engagement with Sustainable Communities: Informing New Governance Styles for Sustainable Futures

In established processes of governance and related literature, arts and culture have been largely neglected, but work is currently being produced suggesting the importance of arts and culture to processes of good governance and the sustainability transition. A style of governance that fully integrates cultural considerations and understands cultural implications of policy is desirable to address the integrated aims of sustainability and to guide the transition to a sustainable future. The impact of arts and culture on communities and social perceptions is difficult to assess and to anticipate; similarly, the influence of culture on governance and policy is equally difficult to measure, though culture permeates every aspect of social and political life. This article suggests that taking cues from the processes of arts and culture to inform new styles of governance supports an open, adaptive, participatory, and creative governance model that responds to a diversity of voices and alternative modes of communication. It argues that a governance style that integrates cultural knowledge is better able to build equity across present and future generations, and is better suited to support a sustainable future. Empirical examples of arts engagement with two communities practicing sustainable behaviours demonstrate the power of arts and culture to build social capital and to potentially contribute to an inclusive and innovative style of governance.