Importance Of Good Governance Research Articles

ESG unpacked: Environmental, social, and governance pillars and the stock price reaction to the invasion of Ukraine

How do the individual pillars of environmental, social, and governance (ESG) factors perform in times of war? Focusing on euro area stocks around the Russian invasion of Ukraine in 2022, we investigate this question using an event study methodology. Our findings suggest that firms with higher governance scores experienced stronger abnormal positive stock returns, implying that investors particularly valued well-governed firms amidst the uncertainty and adversity. However, the importance of good governance was lower for countries with higher dependency on oil imports from Russia. In contrast, social and environmental considerations appeared to receive less attention from investors during this crisis period. Our study highlights the heterogeneous nature of ESG factors and underscores how their relevance can be context-dependent, especially in uncertain times marked by geopolitical conflicts.

Does the presence of invitees in the audit committee impact firm value? Evidence from India

PurposeSection 177 of the Company Act 2013 and Regulation 18 of the Listing Obligations and Disclosure Requirements 2015 allow the audit committee to invite firm executives to participate in the audit committee meetings. In this study, we investigate the negative impact of the presence of invitees in the audit committee on firm value.Design/methodology/approachThe study uses the Propensity Score Matching and Difference-In-Difference methodology (henceforth, PSM-DID) to establish a causal relationship between the presence of invitees and firm value. The final sample consists of 24,232 firm-year observations representing 4,493 distinct firms from 2016 to 2021. We also address the endogeneity and autocorrelation issues using the system-generalized method of moments (henceforth, GMM) as a robustness test.FindingsWe find that the presence of invitees in the audit committee decreases the firm value because investors consider this an alarming signal. We further find that the firms, audited by the Big 4, do not experience a decrease in firm value due to higher audit quality, whereas the firms with high promoter ownership experience a decrease due to the presence of agency cost.Originality/valueWe contribute to the literature on firm value and strengthen the literature on the importance of good governance in a developing nation using the signalling theory. This study adds to the understanding of firm value. The findings have implications for management literature and are valuable for policymakers and standard setters in evaluating the impact of disclosures in the capital market. The managerial implications emphasize the need for careful consideration of invitees in audit committees, considering industry, regulatory environment, and firm goals. Firms are advised to assess the benefits and costs, monitor the impact regularly, and strengthen internal controls.

Improving the Quality of Culinary MSMEs Governance, Kebon Manggis Urban Village, Jakarta

This community service aims to increase the understanding or insight of MSME business actors on the importance of good governance in order to maintain the sustainability of MSMEs business. The service was held on July 19, 2023 at the Yandu post office with the address at Jl. Kesatrian X RT 016 RW 003, Kebon Manggis Village, Matraman District, East Jakarta 13150. This s community ervice was attended by 19 MSMEs actors and the dominance of the gender was 18 female participants and only 1 male participant. Results of Evaluation Results as a whole the results of the evaluation can be concluded well because 81.6% of the training participants answered that they strongly agreed.

The Importance of Good Governance in the Government Organization

The intention of this research was to evaluate the influence of the implementation of good governance on the performance of one of the government organizations. The method used was a quantitative-descriptive with causality approach, which was then analyzed by PLS-SEM. The amount of the research sample was 303 of state civil apparatus at the Land Transportation Management Center throughout 38 provinces in Indonesia. The research findings explained that transparency has an impact on the increasing accountability and responsibility of government organizations but has no power to boost their performance. Accountability has an influence on increasing responsibility and the performance of an organization. Responsibility is also found to be effective in rebuilding the performance of government organizations. This research brings the latest issue to the surface. By linking all indicators of good governance factors, namely transparency-accountability, transparency-responsibility, and accountability-responsibility, which is rarely done in previous research that focused on the connection between good governance-performance. In addition to that, this research was also conducted at the Land Transportation Management Center throughout 38 provinces, so the level of accuracy would be high and had a huge impact on related government organizations in Indonesia. Doi: 10.28991/HIJ-2023-04-01-06 Full Text: PDF

The importance of good governance in hospital payment reform – A case study from Ukraine

In 2005, Ukraine embarked on hospital financing reforms that included the introduction of a Diagnosis Related Group (DRG) based payment system for acute inpatient care. The primary purpose of introducing activity-based funding was to provide incentives for hospitals to use their limited resources more efficiently.Following an extended period of preparation and planning during which technical assistance was provided by various development agencies, Ukraine took action to implement the DRG system at a national level in April 2018, through a World Bank project. While some progress was made, the execution of the reform faced challenges with the organisation and administration of the implementation process, and duplication of effort. The consequence of these shortcomings was that the newly introduced system was not capable of measuring inpatient DRG activity at a level of accuracy necessary for the determination of hospital performance and the subsequent calculation of payments.If the expected outcomes of DRG implementation in Ukraine are to be realised, stakeholders including both beneficiary agencies and development organisations, will need to improve program governance through better coordination of their activities towards a common goal.

Performance Accountability System of Government Institutions:A Key to Achieving Good Governance

This research is motivated by the importance of Good Governance in the context of local government and the key role of the Performance Accountability System of Government Institutions (SAKIP) in achieving it. The research objective is to investigate the impact of SAKIP Implementation, Management Support, Length of Service, and Level of Education on Good Governance. The research method used is a multiple regression analysis of questionnaire data filled out by ASN. The results confirm that SAKIP Implementation has a significant positive effect on good governance, while management support has yet to be proven to have a significant impact. Length of Service also significantly affects Good Governance, while Education Level has no significant effect. The simultaneous test results show that these variables significantly affect Good Governance. The implication of this study is the need for further attention in strengthening the implementation of SAKIP and utilizing more extended employee experience to improve good governance and quality public services. The findings provide an essential foundation for local governments in improving public administration policies and practices to achieve better Good Governance

Menuju Good Governance: Inovasi Pelayanan Publik Berbasis Digital di Kantor Imigrasi Kelas II Non-TPI Kediri Jawa Timur

This study examines how digital-based public service innovation is carried out by the Kediri Immigration Office. This digital-based public service innovation is an effort to realize good governance. The importance of good governance is inseparable from the problems of public services, which have been their own problems, especially those related to service efficiency. That is what underlies the Kediri Immigration Office to develop various digital-based innovations in an effort to provide excellent service. Through data collection from interviews and observations and supported by literature sources, the results of the study indicate that various public service innovations have been carried out by the Kediri Immigration Office. These innovations include an online passport queue application, Whastapp Gateway, drive-thru, eazy passports, and human rights-friendly stops. This is a realization of the slogan I’m Redi Dinanti towards the realization of good governance.

CSR in developing countries – the importance of good governance and economic growth: evidence from Africa

PurposeThe purpose of this study is to examine the effect of public governance and economic growth on corporate social responsibility (CSR) performance in Egypt, Morocco, Mauritius, Nigeria and South Africa. It also assesses the trend of CSR performance in these countries over time.Design/methodology/approachThe study is based on a sample of five countries in Africa for the period 2012-2017. The multivariate regression model was used in testing the research questions/hypotheses. Robustness tests were performed to provide evidence to strengthen the findings of the study.FindingsFindings suggest that both good governance and economic growth are significantly positively associated with CSR performance. However, while good governance has a relatively substantial effect size, economic growth has a small effect size. Overall, both variables have a considerably low confidence interval ratio and therefore stand a good chance of holding up in future research.Research limitations/implicationsThe analysis is limited to within-country effects, thereby forgoing the opportunity to explain between-countries effects. Second, the sample size is relatively small because of the limitation of data availability on CSR in Africa; hence, population generalization is not intended but theory generalization.Practical implicationsFindings have implications for studies on CSR performance in Africa that fail to consider the socio-political and socio-economic level of development as contextual variables in the research design.Originality/valuePrior studies on CSR have focused majorly on CSR performance–corporate financial performance relationship. Furthermore, there are several calls in the literature for research for a new direction on CSR in the context of developing countries, especially Africa. This paper responds to these literature gaps.

The Importance of Good Governance on Achieving Sustainable Development Case Study: Yemen

Governance has become one of the most important concepts in developing countries. Consequently, many countries are trying to pursue good governance and adoption according to the established concept of governance in order to achieve the desired sustainable economic growth and development. Yemeni economy has been in deep recession due to Saudi alliance war since March 2015. Once the war stops, restructuring economy required a new development approach with firm and well define good governance principles aiming to achieve Sustainable Development goals. Yemen as one of the least developing country, not all of its efforts to move ahead economically have been successful. There is more than one reason for its failure to achieve sustainable economic development, but one is absence of good governance. International organizations, donors, and researchers have prescribed good governance as a solution to persistent development problems. This paper is an attempt to enrich this subject, at least in part, by examining the value of adopting good governance on achieving sustainable development. Based on research findings and learning from other countries experience, development progress and challenges, general framework to implement good governance has been recommended to be consider in the future national development agenda to tolerate achieving sustainable development. Building human capacity is one of the key requirements needed to make a qualitative shift towards sustainable development. The current situation of sustainable development and governance in Yemen as a case study has been reviewed in an explanatory methodologies using regional statistics and global database such as UN organizations, World Bank, HDI, SDGs and Governance indicators to examine the progress made over the last decade. Paper recommended practical steps and actions to be taken to help the official government to reform the current institutional arrangements at the regional as well as national levels, such as adopt governance principles, long term planning, and establishing “High Councils for good governance” to ensure integrated policy formulation, adequate cooperation and coordination among different government entities, and between the government and non-state stakeholders. These recommendations and result have been presented to the Yemeni official government and economic institutions aiming to be integrated in the reform strategies, in particular in the Yemen National Development Strategy (2030). Based on research findings and learning from other countries experience, development progress and challenges, general framework to implement good governance has been recommended to be consider in the future national development agenda to achieve sustainable development.
 
 Keywords: Sustainable Development, Good Governance, Economic Reform, Yemen, SDGs

Pacific Fono: a community-based initiative to improve rheumatic fever service delivery for Pacific Peoples in South Auckland.

BACKGROUND AND CONTEXT Rheumatic fever inequitably affects Māori and Pacific children in New Zealand. School-based throat swabbing services, such as the South Auckland Mana Kidz programme, are a key element of rheumatic fever prevention interventions. ASSESSMENT OF THE PROBLEM Counties Manukau has the highest national rates of rheumatic fever (4.7 per 100,000 for first recorded rates). Given these disparities, Mana Kidz undertook an exploratory, community-based initiative to improve its service delivery for Pacific Peoples. RESULTS Mana Kidz held a Pacific Leaders' Fono (meeting) to discuss initiatives to improve rheumatic fever outcomes in South Auckland focused around challenges and solutions for addressing rheumatic fever, effective engagement strategies and leadership qualities needed to drive initiatives. Oral and written responses from 66 attendees were collected and thematically analysed. Four key themes were identified around challenges and solutions for rheumatic fever: social determinants of health; cultural responsiveness; health system challenges; and education, promotion and literacy. Three effective engagement strategies were identified: by Pacific for Pacific; developing a rheumatic fever campaign; improving health services. Three key leadership attributes were identified: culturally responsive leaders; having specific expertise and skills; youth-driven leadership. STRATEGIES FOR IMPROVEMENT Mana Kidz has now created Pacific leadership roles in rheumatic fever governance groups, promotes Pacific workforce development and endorses Pacific-led initiatives and partnerships. LESSONS Recognising the value of critical reflection and the importance of good governance and collaborative, right-based partnerships in health services.

Influences of Governance and Economic Development Level on Happiness in High Income Asian and European Countries

This study explores the relationship between governance and human development indicators with happiness using the panel data fixed effect and random effect estimation approach. Findings from the study stress on the importance of good governance in influencing life satisfaction. In a way, good governance stimulates happiness in a positive manner. Governments in developed countries in Asia and Europe may increase happiness and promote equality through enhancements in the quality of governance. This can be done by ensuring good practices in managing the economy and resources of the country. However, the relationship between the economic development level and happiness is inconclusive and insignificant

Impact of corporate governance onsustainability and outreach of microfinance institutions: Empirical evidence from India

The study of corporate governance is gaining momentum as corporate governance compliance has been made mandatory. Even though made mandatorythe number of corporate governance issues are on the rise. The high profile scandals in Enron, World Com and also the Satyam scandal, Tata Mistry issues in India have also stimulated policy makers, investors, academicians and other stakeholders Innumerable studies have investigated the relationship between corporate governance factors and performance (Black 2006; Chhaochharia and Grinstein, 2007; Bennett and Robson, 2004), Spanos (2005) argues that corporate governance has significant implications for the growth prospects of an economy. In spite of the numerous studies the results rather remain inconclusive. Good governance is of crucial importance. The Centre for the Study of Financial Innovations (CSFI) 2008 and 2009 surveys of the commercial micro finance industry warned that poor corporate governance poses a serious risk for microfinance organizations (Augustine, 2012). The importance of good governance for MFIs has also been confirmed by the Microfinance Banana Skins survey (CSFI, 2011, 2012). In addition, the 2012 Microfinance Banana Skins survey shows that the top concern of investors in microfinance is the quality of their corporate governance of MFIs. The variables considered in the model are measures of sustainability and outreach measured by OSS and number of active borrowers and corporate governance characteristics which include number of independent directors, board size and the presence of women on board. The model used for analysis also included certain firm specific variables. These firm specific variables are total asset and gross loan portfolio which depicts the volume of business. To investigate the impact of corporate governance structure on the sustainability and outreach of MFIs, the study used a panel data OLS regression model for a sample of top 15 microfinance institutions quoted in the Bombay Stock Exchange. The results of the panel data analysis show that the CG factors board size has a significant negative relation whereas gender diversity shows significant positive relation with sustainability and outreach of MFIs.

Tenure Security Reformand Electronic Registration: Exploring Insights from English Law

This paper examines the potential significance of updating registration practices in resolving some of the issues about tenure security in a transformative context. It deals with the importance of good governance in the context of land administration and considers its impact on intended reforms. Land registration practice as an indicator of the quality of governance is scrutinised. The debate about the kinds of interests to be served by tenure security reforms is considered. A comparative law analysis demonstrates how demands for electronification, placed on registration systems, can reshape the process of securing tenure. The paper then highlights issues for further investigation and discussion.
 

Focus: The Voice of the People

10 | International Union Rights | 24/3 FOCUS | FREEDOM OF EXPRESSION With Bermuda facing rising unemployment and an unequal burden of sacrifice being placed on the lowest and the least, a coalition of concerned persons including Bermuda’s unions and community groups formed the People’s Campaign for Equality, Jobs and Justice. The People’s Campaign was represented by three principals: Rev. Nicholas Tweed, Bro. Chris Furbert, President of the Bermuda Industrial Union, and myself, Jason Hayward, President of the Bermuda Public Services Union. As a group, we were concerned with the growing frustration and mistrust of the political process and the organisation provided a voice for the people during a very controversial time in our history. To raise the public’s awareness about key issues facing the island, the People’s Campaign organised a number of successful public rallies, marches and town hall meetings. The focus of these events included topics such as the economic impact of the government’s budget on its people, the need for comprehensive immigration reform, unfair banking practices and the government’s proposed precertification of medical testing for Bermuda’s healthcare system. The People’s Campaign also called for a Commission of Inquiry into the historical losses of citizens’ property through theft and/or dispossession . Additionally, we produced a monthly newsletter which focused on evaluating the effectiveness of the Government and the Opposition and organised a Youth Empowerment Symposium. In November 2014, the then Finance Minister Bob Richards announced that the One Bermuda Alliance (OBA) Government had reached an agreement with the Canadian Commercial Corporation (CCC) for the construction and financing of a new airport terminal building. CCC is a Crown corporation of the Government of Canada whose purpose is to assist Canadian businesses access foreign government procurement markets through government-to-government contracting. Given the impact that it would have on the public purse and job creation, the People’s Campaign was keenly interested in the $290m airport redevelopment project. Given our position on the importance of good governance and transparency, we were concerned with the process used to select Aecon as the contractor for the project by circumventing the Island’s tendering process. Additionally, it was felt that this project would potentially create a burden on the Government’s resources that would impede its ability to respond to the needs of vulnerable members of the public. Our concerns were also shared with the majority of the people of Bermuda, a sentiment reflected in a survey which was carried out in 2015 that revealed that 75percent of Bermudians felt it was a bad deal for Bermuda. With the support of the Bermuda Trade Union Congress, the People’s Campaign led the objections against this deal on behalf of the people of Bermuda. It is against this backdrop that I, along with my colleagues, became the primary targets of the former Government attacks. A people’s right: access to information The unwillingness of the Bermuda Government to provide the public with details on the deal brokered with CCC and Aecon led the People’s Campaign to submit an ‘Access to Information Request’ with the Canadian Government seeking access to documentation related to this project. As CCC is a Crown corporation, it is subject to the Access to Information Act which gives the public the right of access to the records of government institutions. Through this request, the People’s Campaign obtained copies of over 2000 emails related to this deal. The information contained in these emails highlighted some stark contradictions between the public statements made by MP Bob Richards versus the private exchanges made by the OBA Government, CCC and Aecon. These contradictions were most notably related to the lack of due diligence in the procurement process, transparency, misinformation and privatisation. The People’s Campaign believed that the public should have access to these emails so that they could discern for themselves whether or not our political leaders were acting in their best interest. A people’s right: freedom of speech Committed to the principles of good governance, accountability and transparency, the People’s Campaign released these documents to the public, and on 11 May 2015 held a special broadcast on a local television talk...

Transparency and Social Accountability in School Management

The EU strategy of intelligent, sustainable and inclusive growth and the spending review ask for effective and transparent models of performance improvement of the public institutions. The importance of good governance is particularly evident against fundamental and inalienable individual rights like instruction and training. Recent reforms of Italian educational system impose rapid changes in the school governance system, high demand for managerial skill and operational autonomy, the capability to optimize performance, dialogue with stakeholders, and transparency of behaviour. The Italian school is called to face a profound change to improve its performance and to build an effective network with its stakeholders.

IMPLEMENTASI PRINSIP GOOD GOVERNANCE DALAM SISTEM PENGELOLAAN KEUANGAN DAERAH DI INDONESIA

The purpose of this thesis is to determine and assess the implementation of Principle To recognize the importance of Good Governance in Financial Management System in Indonesia. To know Is General Principles of Local Financial management of the Implementation of Regional Finance can mewujukan Good Governance and How to Achieve Fiscal Management Principles for Being a Good Governance. Research in the writing of this law is to use the method of normative legal writing with properties that provide exposure deskrepsi study or overview of the implementation of Principles of Good Governance in Financial Management System In Indonesia and find How to Achieve Financial Management To Become Principles of Good Governance .. The law Primary use is legal action that the Minister of Home Affairs Number 21 Year 2011 concerning the Second Amendment of the Regulation of the Minister of Home Affairs Number 13 Year 2006 on guidelines for financial management, and secondary legal materials in the form of books and literature. After all the ingredients of the literature and research material collected then the materials are then processed and analyzed.According to this thesis and research results show that: First, the minimal prerequisites for achieving good governance is transparency, accountability, participation, legal empowerment, effectiveness and efficiency, and fairness. Second, implementation has Good Governance in Local Financial Management of renewal has always done.

The Devil is in the Data: The Role of Science, Data, and Models in California's Historic Sustainable Groundwater Management Act

The Sustainable Groundwater Management Act of 2014 (SGMA) set a goal to achieve sustainable management of California's groundwater resources by 2040, yet it left many of the details of its implementation to be worked out through subsequent regulations. Arguably, the California Department of Water Resources (DWR) developed the most important of these regulations this year regarding how the state should evaluate local Groundwater Sustainability Plans. Despite their importance, these regulations have received little media attention or independent review. Here, we offer our independent analysis of a key aspect of the regulations, focusing on the role of science, data, and models that will be critical for SGMA's material and institutional success. In particular, we draw on our previously published research regarding sustainability metrics (Christian-Smith and Abhold 2015), the role of stakeholders (Dobbin et al. 2015), and the importance of good governance (Kiparsky et al. 2016). We conclude with a series of general principles for ensuring scientific transparency.

Structuring composite local governance indicators

ABSTRACTThe importance of good governance is praised by many academics and practitioners. The prominence of the subject suggests that measurement is important. However, setting out to measure the quality of governance empirically is controversial. Doubts regarding the feasibility and meaningfulness of this undertaking are widespread in the literature. Recognizing the potential caveats, the current article discusses a set of guidelines for structuring a theoretically sound local governance assessment tool based on the Decision Analysis and Operational Research literatures. The authors argue that using a multi-criteria model which employs several objective (quantitative and qualitative) indicators and relies on a participatory method to aggregate them is a suitable way of developing sensible Local Governance Indicators. The purpose here is to provide a detailed roadmap for any country (or region, or locality) willing to engage in the assessment of the quality of local governance. The real-world implementation of a model developed according to these guidelines could help raise awareness, promote good practices and increase the ‘governance literacy’ of citizens. By operationalizing good governance, analysts may also be able to further investigate the relationships between local governance practices and several socio-economic factors.

The Impact of Enterprise Risk Management on Firm Performance: Evidence from Malaysia

This study examined the implementation of Enterprise Risk Management (ERM) on firm performance of Public Listed Companies (PLCs) on main market in Bursa Malaysia based on COSO (2004) ERM Integrated Framework. In addition, this study also investigated the moderating role of Board of Directors’ (BODs) monitoring, firm complexity and firm size of the implementation of ERM on firm performance. Questionnaire survey was adopted as the research methodology for this study. Total of 103 questionnaires were successfully collected through mail questionnaire from PLCs. The data was analyzed by using Partial Least Squares and Structural Equation Modeling Tool (Smart-PLS 2.0 M3). Based on the analysis, implementation of ERM was found to have significant influence on firm performance. In addition, monitoring by BODs, firm size and firm complexity were found to significantly influence the relationship between ERM implementation to firm performance. The findings from this study enable organizations to better understand the status of their ERM implementation and assist them in identifying areas of improvement with regards to the processes within each ERM elements. It also contributes to the literature on the importance of good governance within ERM framework in organizations.

Can Governance in Revenue Sharing Be a Pathway for a Win-win Situation between Peoples Livelihood Improvement and Conservation

This paper establishes the importance of good governance in improving local livelihoods and support for conservation. The study uses empirical realities from Bwindi Impenetrable National Park, an afromontane Gorilla sanctuary that was recognized by UNESCO in 2005 as a world heritage due to its rich biodiversity. Governance is an important procedural dimension of equity that entails decision making processes and how local people are involved in matters that most affect them. The paper uses a Policy Arrangements Approach to illustrate the procedural dimension of the Justice and Equity Framework. A mixed method approach was used to generate results in this paper. Household surveys, key informant interviews and Focus Group Discussions were employed for data collection. Linear and Multi Logistic Regressions were used to determine the level of significance and relationships that exist between governance, peoples livelihoods and conservation support. Polychoric Principal Component Analysis (PCA) was used to generate indices of livelihood improvement and conservation support. Results revealed that meaningful involvement, leadership composition on committees, local capacity, information flow and awareness and accountability significantly influence peoples livelihoods and conservation of Bwindi. Local people are not only concerned about distributive equity in benefit sharing but also the procedural dimension. This entails being part of revenue sharing projects from the design phase to the evaluation phase. The study recommends the use of equity framework in revenue sharing in order to increase greater involvement of local people in decision making processes.