Abstract: The purpose of this paper is to explore the relationship
between the customers- issues in company corporate governance and
the financial performance. At the beginning theoretical background
consisting stakeholder theory and corporate governance is presented.
On this theoretical background, the empirical research is built,
collecting data of 60 Czech joint stock companies- boards
considering their relationships with customers. Correlation analysis
and multivariate regression analysis were employed to test the sample
on two hypotheses. The weak positive correlation between
stakeholder approach and the company size was identified. But both
hypotheses were not supported, because there was no significant
relation of independent variables to financial performance.
Abstract: Non-profit organizations, especially religious-based
institutions, have long played a very important role in society.
Nevertheless, scandals such as inefficient management and the use of
unlawful fundraising activities have raised questions regarding the
governance and accountability of these organizations. As such, the
issues have attracted considerable research interest. However, there is
still limited research on accountability in religious based
organizations, especially in the context of Islamic religious
organizations. Hence, the purpose of this paper is to discuss the
issues of accounting and accountability in religious organizations,
specifically in Islamic religious establishments. The paper starts by
looking at the conventional meaning and concept of accountability.
This is followed by a discussion of the principles of accountability
within the Islamic framework. In so doing, the history of the role of
accounting within Muslim society and also the differences between
the Islamic and conventional view of accountability are reviewed.
Insights gained from previous research on accountability in faith
based organizations are also discussed
Abstract: Several recent studies have shown that the
transparency of financial reporting have a significant influence on investor-s decisions. Thus, regulation authorities and professional
organizations (IFAC) have emphasized the role of XBRL (eXtensible Business Reporting Language) and interactive data as a means of
promoting transparency and monitoring corporate reporting. In this
context, this paper has as objective the analysis of interactive reporting through XBRL and its use as a support in the process of
taking decisions in corporate governance, namely the potential of interactive reports in XBRL to increase the transparency and
monitoring process of corporate governance.
Abstract: This paper investigates several factors affecting the
cost of capital for listed Romanian companies. Although there is a
large amount of literature investigating the drivers of the cost of
capital internationally, there is currently little evidence from
emergent markets. Based on a sample of 19 Romanian listed
companies followed by financial analysts for the years 2008-2010,
according to Thomson Reuters- I/B/E/S data base, the paper confirms
the international trends, showing that size, corporate governance
policies, and growth are negatively correlated with the cost of capital.
Abstract: Not many studies have been undertaken on shareholder activism in emerging economies, including Malaysia. Shareholder activism in emerging economies is on the rise. This paper seeks to comprehend the elements of this activism that are unique to Malaysia, specifically with respect to how the agency problem is controlled through shareholder activism in improving corporate governance practices within target companies. Through shareholder activism, shareholders make contact with a target company to voice their dissatisfaction, suggestions, or recommendations. This paper utilises agency theory to explain institutional shareholder activism. This theory has been extensively used within literature on corporate governance with regards to shareholder activism. The effectiveness of shareholder activism in improving corporate governance will be examined as well. This research provides a further understanding of shareholder activism in emerging economies, such as Malaysia; this research also has the potential to enhance shareholder activism and corporate governance practices in general.
Abstract: This research aimed to study employees- perceptions and expectations toward their organization-s corporate social responsibility (CSR), to study the differences between employees- personal factors and level of perceptions and expectations toward CSR, and to study the relationship between employees- perceptions and expectations toward CSR. Purposive sampling and questionnaire were applied to collect information from 400 private company employees in Bangkok metropolitan area. The results revealed that employees had “high" level of perceptions and expectations toward CSR, of which the highest level were given on the area of “corporate governance and transparency". It was found that there was different level of expectations of employees with different period of employment, position and employment (by listed and non-listed companies). Employees of different age and period of employment also had different level of expectations. Employees- perceptions were correlated with their expectations toward CSR.
Abstract: Setting up of rural telecentres, popularly referred to as
Common Service Centres (CSCs), are considered one of the initial
forerunners of rural e-Governance initiatives under the Government
of India-s National e-Governance Plan (NeGP). CSCs are
implemented on public-private partnership (PPP) – where State
governments play a major role in facilitating the establishment of
CSCs and investments are made by private companies referred to as
Service Centre Agencies (SCAs). CSC implementation is expected to
help in improving public service delivery in a transparent and
efficient manner. However, there is very little research undertaken to
study the actual impact of CSC implementation at the grassroots
level. This paper addresses the gap by identifying the circumstances,
concerns and expectations from the point-of-view of citizens and
examining the finer aspects of social processes in the context of rural
e-Governance.
Abstract: Many states are now committed to implementing
international human rights standards domestically. In terms of
practical governance, how might effectiveness be measured? A facevalue
answer can be found in domestic laws and institutions relating
to human rights. However, this article provides two further tools to
help states assess their status on the spectrum of robust to fragile
human rights governance. The first recognises that each state has its
own 'human rights history' and the ideal end stage is robust human
rights governance, and the second is developing criteria to assess
robustness. Although a New Zealand case study is used to illustrate
these tools, the widespread adoption of human rights standards by
many states inevitably means that the issues are relevant to other
countries. This is even though there will always be varying degrees of
similarity-difference in constitutional background and developed or
emerging human rights systems.
Abstract: In this article a bibliography research takes place to
track down and introduce the barriers and opportunities for the
adoption of e-Governance services mainly from the side of citizen,
that is to say, the demand side. Although governments invest
continuously in producing of e-Governance services, citizens face
difficulties to adopt these services. Barriers derive and prevent them
from using e-Governance services. Barrier is anything preventing
citizens from the adoption of e-Governance services. Barriers impede
or do not allow the adoption of e-Governance services by the
citizens. If the barriers are pinpointed, it will be possible to take them
into consideration while designing e-Governance services which the
citizens are likely to use, if the obstacles are raised. The barriers will
thus be converted in opportunities that will facilitate the adoption.
Abstract: Tourism industries are rapidly increased for the last
few years especially in Malaysia. In order to attract more tourists,
Malaysian Governance encourages any effort to increase Malaysian
tourism industry. One of the efforts in attracting more tourists in
Malacca, Malaysia is a duck tour. Duck tour is an amphibious
sightseeing tour that works in two types of engines, hence, it required
a huge cost to operate and maintain the vehicle. To other country, it is
not so new but in Malaysia, it is just introduced, thus it does not have
any systematic routing yet. Therefore, this paper proposed an
optimization technique to formulate and schedule this tour to
minimize the operating costs by considering it into Travelling
Salesman Problem (TSP). The problem is then can be solved by one
of the optimization technique especially meta-heuristics approach
such as Tabu Search (TS) and Reactive Tabu Search (RTS).
Abstract: The article presents the whole model of IS/IT
architecture exception governance. As first, the assumptions of
presented model are set. As next, there is defined a generic
governance model that serves as a basis for the architecture exception
governance. The architecture exception definition and its attributes
follow. The model respects well known approaches to the area that
are described in the text, but it adopts higher granularity in
description and expands the process view with all the next necessary
governance components as roles, principles and policies, tools to
enable the implementation of the model into organizations. The
architecture exception process is decomposed into a set of processes
related to the architecture exception lifecycle consisting of set of
phases and architecture exception states. Finally, there is information
about my future research related to this area.
Abstract: This paper investigates the relationship between state and business in the context of structural and institutional transformations in Indonesia following the collapse of the New Order regime in 1998. Since 1998, Indonesia has embarked on a shift from an authoritarian to democratic polity and from a centralised to a decentralised system of governance, transforming the country into the third largest democracy and one of the most decentralised states in the world. This paper examines whether the transformation of the Indonesian state has altered the pattern of state and business relations with focus on clientism and corruption as the key dependent variable, and probes how/to what extent this has changed as a result of the transformation and the ensuring shifts in business and state relations. Based on interviews with key government and business actors as well as prominent scholars in Indonesia, it is found that since the demise of the New Order, business associations in Indonesia have become more independent of state control and more influential in public decision-making whereas the government has become more responsive of business concerns and more committed to combat corruption and clientism. However, these changes have not necessarily rendered business people completely leave individualclientelistic relationship with the government, and simply pursue wider sectoral and business-wide collectivism as an alternative way of channelling their aspirations, which is expected to help reduce corruption and clientism in Indonesia. This paper concludes that democratisation and a more open politics may have helped reduce corruption and clientism in Indonesia through changes in government. However, it is still difficult to imply that such political transformation has fostered business collective action and a broader, more encompassing pattern of business lobbying and activism, which is expected to help reduce corruption and clientism.
Abstract: The present paper aims to present the significant role that the concept of governance can play in order to combine naturals resources as useful funding basis for the formation of a stable and effective welfare state model. The combination of those two different fields aims to represent the modern trends of our era as the means to solve the severe financial and economic issues caused mostly due to the malfunction of the welfare state and its public sector. European Union and Asian countries (especially China) are the main areas of interest since EU experiences a fiscal and economic crisis while China rules the area of the natural resources exploiting 97% of rare earths elements worldwide.
Abstract: In the proposed method for Web page-ranking, a
novel theoretic model is introduced and tested by examples of order
relationships among IP addresses. Ranking is induced using a
convexity feature, which is learned according to these examples
using a self-organizing procedure. We consider the problem of selforganizing
learning from IP data to be represented by a semi-random
convex polygon procedure, in which the vertices correspond to IP
addresses. Based on recent developments in our regularization
theory for convex polygons and corresponding Euclidean distance
based methods for classification, we develop an algorithmic
framework for learning ranking functions based on a Computational
Geometric Theory. We show that our algorithm is generic, and
present experimental results explaining the potential of our approach.
In addition, we explain the generality of our approach by showing its
possible use as a visualization tool for data obtained from diverse
domains, such as Public Administration and Education.
Abstract: The main goal of the article is to present new model of
application architecture of banking IT solution providing the Internet
Banking services that is particularly outsourced. At first, we propose
business rationale and a SWOT analysis to explain the reasons for the
model in the article. The most important factor for our model is
nowadays- big boom around smart phones and tablet devices. As
next, we focus on IT architecture viewpoint where we design
application, integration and security model. Finally, we propose a
generic governance model that serves as a basis for the specialized
governance model. The specialized instance of governance model is
designed to ensure that the development and the maintenance of
different parts of the IT solution are well governed in time.
Abstract: This paper deals with stakeholders’ decisions within energy neutral urban redevelopment processes. The decisions of these stakeholders during the process will make or break energy neutral ambitions. An extensive form of game theory model gave insight in the behavioral differences of stakeholders regarding energy neutral ambitions and the effects of the changing legislation. The results show that new legislation regarding spatial planning slightly influences the behavior of stakeholders. An active behavior of the municipality will still result in the best outcome. Nevertheless, the municipality becomes more powerful when acting passively and can make the use of planning tools to provide governance towards energy neutral urban redevelopment. Moreover, organizational support, recognizing the necessity for energy neutrality, keeping focused and collaboration among stakeholders are crucial elements to achieve the objective of an energy neutral urban (re)development.
Abstract: In this paper, in addition to introducing good urban planning and its effects on globalization, some new methodologies in urban management and another urban aspects has been presented. Some new concerns in increasing of urban population , metropolitans and its relations on big problems has been focused in this paper. It is very important matter that future urban planning with based on globalization will be with full of basically changes in its management and perspectives.
Abstract: Cooperative organizations in Malaysia are going
through a phase of rapid growth. They are seen by the government as
another crucial vehicle to drive and boost up the country-s
economical development and growth. Hence, the issue of cooperative
governance is of great importance. Unlike literatures on corporate
governance for public listed companies-, literatures on governance
for social enterprises, in particular the cooperative organizations are
still at the early stage in Malaysia and very scant in number. This
paper will look into current practices as well as issues and challenges
related to cooperative governance. The need for a better solution
towards forming best practices of cooperative governance framework
appears imperative in deterring cases of mismanagement and fraud.
Abstract: Social resilience has role to govern the local community and coastal fisheries resources toward sustainable fisheries development in tsunami affected area. This paper asses, explore and investigates of indigenous institutions, external and internal facilitators toward strengthening social resilience. Identification of the genuine organizations role had been conducted twice by using Rapid Assessment Appraisal, Focus Group Discussion, and in-depth interview for collecting primary and secondary data. Local wisdom had a contribution and adaptable to rebound social resilience. The Panglima Laot Lhok (sea commander) had determined and adapted role on recovery of the fishing community, particularly facilitated aid delivery to fishermen, as shown in anchovy fisheries relief case in Krueng Raya Bay. Toke Bangku (financial trader) had stimulated for reinforcement of advance payment and market channel. The other institutions supported upon linking and bridging connectivity among stakeholders. Collaborative governance can avoid conflict, reduce donor dependency and strengthen social resilience within fishing community.
Abstract: This study examines the influence of information
transparency and corporate governance on purchase directors and
officers liability (D&O) insurance decisions. The results show that
companies with greater information transparency have significant
demand for D&O insurance. Greater transparency in voluntary
disclosures is significantly and positively associated with demand for
insurance, indicating that increasing the degree of information
disclosure reduces information asymmetry for insurers, which
stimulates their willingness to provide greater protection.
Analysis of insured and uninsured subsamples indicates that
uninsured companies have superior corporate governance compared to
insured companies. Although insured companies tend to have weaker
corporate governance structures, they appoint Big 4 firms or industry
experts to compensate for the weakness of their corporate governance.
Empirical results indicate that purchasing D&O insurance can
strengthen external corporate governance and increase companies’
willingness to voluntarily provide more transparent information.