Emerging Trends in Corporate Governance: Adaptation, Innovation, and Transformation

A special issue of Administrative Sciences (ISSN 2076-3387).

Deadline for manuscript submissions: closed (15 November 2024) | Viewed by 7337

Special Issue Editor


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Guest Editor
School of Accounting and Finance, University of Vaasa, 65200 Vaasa, Finland
Interests: corporate governance; corporate finance; corporate social responsibility (CSR); banks; fintech

Special Issue Information

Dear Colleagues,

Ever since the global financial crisis of 2007–2009, there has been increased attention paid to the appropriateness of firms’ internal and external corporate governance mechanisms. Moreover, recent significant events such as the impact of the COVID-19 pandemic and the current situation between Ukraine and Russia, amongst others, call for renewed thinking and new research into corporate governance mechanisms in the face of a more uncertain and turbulent world. In particular, understanding the emerging trends in corporate governance is more important than ever, not only for firms to successfully adapt, innovate, and transform to meet evolving challenges, but also for policy makers and regulators to design effective policies and regulatory and supervisory mechanisms. As such, new research into the role played by various corporate governance mechanisms in influencing firm operations and performance outcomes is needed. A key theme of this Special Issue lies in extending extant knowledge with respect to the roles of corporate governance in helping firms to successfully adapt, innovate, and transform their operations in an increasingly uncertain and competitive world.

Theoretical and empirical submissions are welcome that address the Special Issue theme. Potential topics include, but are not limited to:

  • The role of board and managerial diversity in affecting firms’ adaptation, innovation, and transformation;
  • The role of alternative governance mechanisms that influence firm adaptation, innovation, and transformation;
  • The role of executive compensation in affecting firm adaptation, innovation, and transformation;
  • The roles played by different stakeholder and ownership types in influencing firm adaptation, innovation, and transformation;
  • The importance of institutional differences in affecting firm adaptability, resilience and transformation;
  • Corporate governance mechanisms that build resilience in organizations;
  • The influence of crises or significant exogenous shocks such as COVID-19 and the situation between Ukraine and Russia on governance and/or organizational control, with implications for firm outcomes;
  • The role of national culture, legal regimes, and/or sector norms and governance in affecting firm adaptability, resilience, and transformation;
  • The influence of climate change on corporate governance efficacy, and the implications for firm adaptability, resilience, and transformation;
  • The impact of environmental, social, and governance (ESG) factors on corporate governance reform, and its implications for organizational adaptability, resilience, and transformation.

We request that, prior to submitting a manuscript, interested authors initially submit a proposed title and an abstract of 400-600 words summarizing their intended contribution. Please send these to the guest editors Prof. Dr. Timothy King ([email protected]) and copy Administrative Sciences Editorial Office ([email protected]). Abstracts will be reviewed by the guest editors for the purposes of ensuring proper fit within the scope of the Special Issue.

Prof. Dr. Timothy King
Guest Editor

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Keywords

  • corporate governance
  • adaptation, innovation, and transformation
  • uncertainty

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Published Papers (2 papers)

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Research

21 pages, 773 KiB  
Article
Board Gender Diversity and Firm Performance: An Analysis of the Causal Relationship in Spanish Listed Companies
by María-Jose García-López, Maria Rosario Pacheco-Olivares and Hamid Hamoudi
Adm. Sci. 2024, 14(1), 12; https://doi.org/10.3390/admsci14010012 - 3 Jan 2024
Cited by 2 | Viewed by 2834
Abstract
Applying a mixed theoretical approach, this paper addresses the causal relationship between the presence of women on steering committees (SC) and in senior management positions and the firm’s stock return, measured through the price–earnings ratio (P/E). To do so, we disaggregate the composition [...] Read more.
Applying a mixed theoretical approach, this paper addresses the causal relationship between the presence of women on steering committees (SC) and in senior management positions and the firm’s stock return, measured through the price–earnings ratio (P/E). To do so, we disaggregate the composition of the boards of 27 IBEX 35 companies over the period 2018–2021 by gender and type of female director and analyze the relationship between the number and proportion of women on the SC, their distribution by category, and the P/E. The sample contains a total of 108 observations, and its structure follows a panel data methodology. Validation of the working hypotheses was carried out using Poisson logistic regression. The results indicate a positive and significant relationship between stock returns and the percentage of women on the SC. The results also indicate that stock returns are not significantly affected by the category distribution of female directors. Full article
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24 pages, 374 KiB  
Article
Ownership Concentration and Audit Actions
by Hidaya Al Lawati and Zakeya Sanad
Adm. Sci. 2023, 13(9), 206; https://doi.org/10.3390/admsci13090206 - 18 Sep 2023
Cited by 3 | Viewed by 3869
Abstract
This study presents current evidence on the impact of different corporate ownership types on audit quality in Oman and potentially in other developing countries with similar institutional environments, such as GCC countries. While previous research has primarily focused on overall ownership concentration, this [...] Read more.
This study presents current evidence on the impact of different corporate ownership types on audit quality in Oman and potentially in other developing countries with similar institutional environments, such as GCC countries. While previous research has primarily focused on overall ownership concentration, this study aims to examine the role of specific shareholder identities and their influence on the demand for audit quality. This research sheds light on the relationship between ownership identities and audit quality of Omani financial companies listed on the Muscat Stock Exchange from 2014 to 2020. This study employs additional analysis to mitigate potential confounding factors and ensure robust results. Additionally, a GMM test establishes the robustness of our findings, alleviating potential endogeneity concerns. The findings highlight the positive impact and significance of bank, government, and foreign ownership in promoting high audit quality. In contrast, ownership by financial institutions (non-banks) and block holder concentrations negatively and significantly impact audit quality. In addition, this study found that family members on boards play positive moderating roles in the relationship between ownership concentration and audit quality. In addition to contributing to the existing literature, this study provides valuable insights for regulatory bodies to consider the role of ownership types in their decision-making processes. Our findings also assist investors in making informed choices and offer a better understanding of how ownership structures influence audit quality for other stakeholders. The implications of this research extend beyond Oman and can be relevant to countries with similar ownership structures and regulatory frameworks. Full article
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