A New Era of Strategic Investment Decision-Making and Governance Mechanisms

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: closed (15 July 2022) | Viewed by 9263

Special Issue Editors


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Guest Editor
Lincoln International Business School, University of Lincoln, Lincoln LN6 7TS, UK
Interests: sustainability; governance; corporate social responsibility; strategic investment decision making; management accounting; business model transformation
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Bangor Business School, Bangor University, Hen Goleg, College Rd, Bangor LL57 2DG, UK
Interests: corporate narrative reporting; international financial reporting standards (IFRS); Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); extensible business reporting language (XBRL); market-based accounting research; auditing; corporate governance; earnings management; corporate investment efficiency; corporate finance; Islamic accounting and finance
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

COVID-19 has generated a range of risks and challenges to strategic investment decision-making (SIDM) practices and governance mechanisms. Boardrooms are facing numerous challenges in scanning, screening and evaluating investment opportunities, including the effectiveness of governance mechanisms, due to a new era of SIDM practices associated with business model transformation.

In this Special Issue, we are interested in bringing together rigorous manuscripts that advance SIDM and governance research. We invite manuscripts featuring original research that complements our understanding of the impact of COVID-19 on SIDM and investment appraisal techniques. We call for manuscripts that deal with all aspects related to a new era of SIDM practices and governance mechanisms including COVID 19, including implications for the following:

  • SIDM practices
  • Investment appraisal techniques
  • Financial management
  • Capital budgeting techniques
  • Risk analysis and risk mitigation strategies
  • Management accounting
  • Control mechanisms
  • Organisational performance
  • Business strategies
  • Financial and non-financial reporting
  • Business resilience
  • Business model transformation 

Dr. Fadi Alkaraan
Prof. Dr. Khaled Hussainey
Guest Editors

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Published Papers (2 papers)

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Research

13 pages, 347 KiB  
Article
Examining the Link between Technical Efficiency, Corporate Governance and Financial Performance of Firms: Evidence from Nigeria
by Adedoyin Isola Lawal, Lawal-Adedoyin Bose Bukola, Olujide Olakanmi, Timothy Kayode Samson, Nwanji Tony Ike, Abiodun Samuel Ajayi, Fakile Samuel Adeniran, Oseni Ezekiel, Opeyemi Oyelude and Grace Adigun
J. Risk Financial Manag. 2022, 15(11), 524; https://doi.org/10.3390/jrfm15110524 - 9 Nov 2022
Cited by 1 | Viewed by 2245
Abstract
The purpose of this study is to examine the link between technical efficiency and both the corporate governance and financial performance of listed financial firms on the floor of the Nigerian Stock Exchange using three theoretical approaches: shareholder theory, stakeholders’ theory, and resource [...] Read more.
The purpose of this study is to examine the link between technical efficiency and both the corporate governance and financial performance of listed financial firms on the floor of the Nigerian Stock Exchange using three theoretical approaches: shareholder theory, stakeholders’ theory, and resource dependence theory. We employed a stochastic frontier analysis to examine the impact of technical efficiency on the link between corporate governance and financial performance on the one hand, and, on the other, multiple regressions comprised of OLS and Poisson estimates to analyze a data-generating set sourced from 2007 to 2020. The results of our OLS estimates suggest that a negative but significant relationship exists between the corporate governance mechanism and the financial performance of the listed firms. When we subject the analysis to the Poisson estimates, the relationship becomes positive and significant. Our results have some positive implications. Full article
20 pages, 345 KiB  
Article
Reforms of Corporate Governance Codes in Bangladesh: Developments and Future Directions
by Md Tariqul Islam, Mahfuzur Rahman and Shrabani Saha
J. Risk Financial Manag. 2022, 15(8), 347; https://doi.org/10.3390/jrfm15080347 - 5 Aug 2022
Cited by 4 | Viewed by 5051
Abstract
This research investigates corporate governance (CG) norms in Bangladesh, a developing nation. This study assesses the codes’ key aspects and how they have evolved since the first code was released in 2006. This analysis shows that BSEC changed its recommendations from voluntary to [...] Read more.
This research investigates corporate governance (CG) norms in Bangladesh, a developing nation. This study assesses the codes’ key aspects and how they have evolved since the first code was released in 2006. This analysis shows that BSEC changed its recommendations from voluntary to mandatory in the subsequent revisions in 2012 and 2018. The modified versions increased board independence compared to the original code, although it is still lower than in some other emerging nations. Recent changes to the rules include conditions on the nomination and remuneration committees, along with some other amendments. However, critical governance components, such as choosing an independent board member as chair, improving board independence, and assuring gender diversity, could be implemented in future code development. It is believed that investors would be more interested in Bangladesh’s capital market if the policymakers could make the proposed modifications in accordance with the distinctive institutional features of an emerging economy. Full article
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