This study explores the relationship between corporate governance and organisational performance within state-owned enterprises (SOEs) in the Zimbabwean transport sector, with the objective of developing an integrated and contextually relevant governance-performance model. Despite their critical role in facilitating mobility and supporting trade, SOEs such as Air Zimbabwe and Zimbabwe United Passenger Company (ZUPCO) continue to experience persistent challenges, including financial deficits, operational inefficiencies, and declining service delivery standards. Existing scholarship tends to examine corporate governance in isolation, often overlooking the broader organisational and institutional contexts within which these enterprises operate. Adopting a mixed-methods research design, this study integrates quantitative analyses, comprising descriptive statistics, correlation, regression, and moderation techniques, with qualitative insights derived from interviews. The research is underpinned by a multi-theoretical framework that incorporates the resource-based view (RBV), institutional theory, systems theory, and contingency theory. The findings reveal that corporate governance plays a pivotal role in influencing organisational performance, alongside key internal factors such as human capital, technological capability, organisational culture, leadership, and the external operating environment. These elements collectively affirm the multidimensional nature of organisational performance. However, the study also finds that political interference significantly undermines the positive impact of governance structures and organisational capabilities. The study makes a theoretical contribution by advancing an integrated governance-performance model, while empirically highlighting the moderating effect of political interference. From a practical standpoint, the findings underscore the importance of comprehensive reforms in SOEs that prioritise strengthened governance frameworks, reduced political intrusion, and enhanced organisational capacity.
The present study investigated the predictive capacity of perceived organizational support (POS) and self-efficacy (SE) regarding work engagement (WE). A quantitative survey was conducted utilizing a self-report questionnaire administered to a sample of 180 Greek employees from both the private and public sectors. Results indicated statistically significant positive correlations between POS and WE, and between SE and WE. Multiple linear regression analysis revealed that both POS and SE were significant positive predictors of WE, with the overall model explaining 13.5 percent of the variance in WE. Furthermore, analyses of mean differences demonstrated that employees in managerial positions reported significantly higher levels of WE compared to those in non-managerial positions (Kahn, 1990; Schaufeli et al., 2006; Sharma & Rajput, 2021). Post-hoc comparisons also showed that married employees exhibited significantly higher WE than single employees (Sharma & Rajput, 2021). These findings are discussed in relation to existing literature, and practical implications for cultivating WE in the workplace are proposed. The research contributes to the understanding of factors influencing WE among Greek employees and offers tangible suggestions for employers.
The growing emphasis on stakeholder governance has fundamentally reshaped the corporate governance debate, challenging the traditional focus on shareholder primacy. The 2019 Business Roundtable (BRT) Statement marked a pivotal turn by committing signatory firms to consider the interests of all stakeholders. Despite this public pledge, substantial doubts remain about the depth and sincerity of corporate adoption (Bebchuk & Tallarita, 2020). This study assesses whether the 39 publicly listed companies that endorsed the BRT Statement between 2019 and 2024 have implemented concrete governance reforms. Through an empirical analysis of each firm’s published governance guidelines, examining board composition, committee charters, and reporting disclosures, we track changes over a five-year period. Our results reveal a significant divergence between proclaimed intentions and actual practice: most firms continue to anchor their governance structures in shareholder value, while only a minority exhibit genuine steps toward embedding stakeholder interests. Future research should integrate quantitative data on corporate behavior and stakeholder outcomes to provide a more comprehensive evaluation. Overall, this paper offers an updated empirical appraisal of whether leading BRT signatories have translated stakeholderism from aspirational rhetoric into governance reality.
The abstracts published in the conference proceedings book Corporate Governance: Scholarly Research and Practice present a diverse array of international research topics, divided into four sessions: board of directors’ practices, sustainability and corporate social responsibility (CSR), accounting and auditing, and general issues of corporate governance. More specifically, modern corporate governance models focus on aspects such as: adaptive corporate governance, board diversity and corporate performance, artificial intelligence (AI) and corporate governance in the digital age, governance mechanisms for climate change and environmental issues, and CSR from an environmental, social, and governance (ESG) perspective. Through these models, companies seek to achieve the right balance between governance, strategy, long-term value creation, responsibility towards shareholders, risk management, including sociopolitical hazards, and the assumption of ethical obligations towards key stakeholders. This approach goes beyond simple compliance with internal and external rules and principles.
In order to achieve their long-term goals, managers in the business world must respond effectively to various challenges. In this context, a positive correlation between perseverance and positive leadership can be observed. However, excessive emphasis and rigidity regarding set goals can hinder their achievement, potentially related to perfectionism. Our paper is the first empirical study focused on the media, information, and telecommunications sector to analyze the relationship between positive leadership and perseverance, with perfectionism considered as a moderating variable. In addition, the Triarchic Model of Grit Scale (TMGS) by Datu et al. (2017) is examined for the first time in Germany. Our results show that perseverance can increase positive leadership qualities, which a manager’s perfectionism can partially moderate. For Germany, it can also be noted that the TMGS is insufficient as an explanatory model, and that we propose a five-factor model of perseverance in our individualistic culture instead. We demonstrate the importance of targeted training opportunities for managers to improve their positive leadership qualities. Limitations of our study include, in particular, the limited sample size and a strong industrial bias in the area of media, information, and telecommunications.
This scoping review examines the relationships between various leadership styles, employee voice behavior, and job satisfaction by systematically synthesizing existing quantitative studies. Utilizing preferred reporting items for systematic reviews and meta-analyses extension for scoping reviews (PRISMA-ScR) guidelines process and Arksey and O’Malley’s (2005) analytical framework, Multidisciplinary Digital Publishing Institute (MDPI), Web of Science (WoS), JSTOR, and Scopus databases were systematically searched for relevant research up to October 2024. Extensive research resulted in the inclusion of 10 eligible scientific works. The analysis integrates theoretical frameworks such as resource conservation and social exchange theories, revealing that ethical and transformational leadership significantly influence employee voice and job satisfaction. These effects are mediated by employee behavior and satisfaction and moderated by cultural context and individual performance (Ilyas et al., 2021; Detert & Burris, 2007). Findings highlight the critical role of contextual and individual factors in the effectiveness of leadership practices, advocating for tailored leadership approaches that consider cultural specificities and employee resources. Future research should focus on longitudinal studies and more diverse samples to enhance the generalizability of these insights.
Nowadays, accounting has evolved to incorporate diverse perspectives in reporting, fostering democracy and sustainability (Brown & Dillard, 2015a, 2015b; Sorola, 2022). This has led to a growing interest in dialogic reporting tools, which allow for the representation of divergent voices (Grossi et al., 2021). Integrated popular reporting (IPR) is a social accounting tool that facilitates an unbiased representation of different stakeholder opinions. However, its capacity to measure public value creation or destruction remains underexplored (Cohen & Karatzimas, 2015; Biondi & Bracci, 2018). This study adopts a single case study approach to evaluate the impact of the Eurovision Song Contest 2022 held in the city of Turin. By integrating the social impact assessment (SIA) framework and the theory of change (ToC), the analysis examines how IPR can enhance impact representation (Biancone et al., 2022). Findings reveal a debate among mixed opinions, with positive sentiments related to the artists and event support, but also concerns about environmental impact and price increases. This study contributes to the accounting research field by demonstrating how dialogic accounting practices, combined with impact assessment methodologies, enhance transparency and accountability. It also provides practical implications to assess and communicate the social and economic outcomes of large-scale events (Steccolini, 2019).
The articles included in this issue examine CSR and its relationship with corporate performance within a variety of theoretical perspectives and methodological lenses. We hope that readers of this issue will benefit from these perspectives and evidence from both developed and emerging economies and find useful directions for future research.
Short video platforms are growing rapidly, and users often use them to get an overview before deciding. Short videos are a unique tool for tourist marketing because of the growing amount of content on tourism, which is believed to significantly impact information dissemination and travel decision-making (Li & Hayes, 2024). Therefore, the primary objective of this study was to examine the factors that influence Generation Z’s impulsive travel decisions by watching short videos. 280 individuals with prior experience with brief videos were recruited using judgmental sampling for data collection. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The results emphasize the importance of social factors and the quality of brief videos in influencing impulsive travel behaviors through affective reactions. On the one hand, the study results are expected to assist tourism businesses in developing strategies for improving the quality of their short videos to capture the attention of travelers. On the other hand, this discovery augments the comprehension of travelers’ behavior by examining the roles of social factors, affective reactions, impulsive travel, and the quality of brief videos.
Income inequality is one of the key indicators used to measure social and economic disparities (among households and businesses) in a given area. This study analyzes the impact of the local banking system on income inequality in the municipalities of an Italian region situated in the center-north of the country, a dynamic and economically prosperous area. To this end, it employs a dynamic panel data model, estimated using the system generalized method of moments (GMM) estimator, to address the issue of endogeneity and ensure unbiased inferences. The investigated region represents a significant case study, as its banking system has undergone profound changes. The results of this analysis, based on municipal-level data, suggest that an increase in credit provision tends to reduce income inequality, while the accumulation of wealth in the form of deposits exacerbates it. Furthermore, the physical presence of credit cooperative banks (CCBs) and their relationship lending approach emerge as key factors in mitigating inequality. The closure of bank branches, in fact, could heighten social disparities. In terms of economic policies, the study concludes that access to credit, along with a banking system based on a relationship-based model such as that of the CCBs, is effective in promoting inclusive territorial development.
The escalating significance of human resource management (HRM) in small and medium-sized enterprises (SMEs) is underscored through a systematic review and bibliometric analysis of 144 documents from the Scopus database. This paper delineates the evolution of HRM practices within SMEs, identifying four core themes that are increasingly prevalent in scholarly publications. The study leverages content analysis, bibliometrics, and network analysis to map the intellectual structure of the field, providing a comprehensive overview of current trends and future directions. It highlights the necessity of integrating HRM practices as strategic organizational assets and emphasizes their role in enhancing efficiency across global SME networks (Davies, 2017). The growing body of literature suggests a shift towards recognizing the strategic importance of HRM in SMEs, with potential implications for enhancing organizational effectiveness in contemporary and future business environments. This research contributes to the theoretical discourse by testing various HRM theories in the SME context, offering a foundational perspective for understanding HRM challenges and practices in SMEs worldwide.
In this issue, there is a diverse selection of research papers embracing a variety of corporate governance issues of importance and embracing issues under scrutiny in many parts of the world as implementation is considered. A variety of approaches to data collection and methodology are discussed and would be particularly useful to a researcher considering an approach. The papers besides offering insights also identify further research possibilities and possible extensions into other areas. Aspects of sustainability are discussed including thinking about the adoption of the United Nations Sustainable Development Goals (UNSDGs). Aspects of employee well-being and female participation in leadership are explored. Innovative management and digital adoption in higher education are addressed. In sum, a number and variety of thoughtful papers are well worth reading and thinking seriously about the issues raised
This study examines the impact of corporate governance on firm performance within listed technology corporations in the Greater Bay Area (GBA) of China, particularly in Hong Kong and Shenzhen. It employs data from the Hang Seng TECH Index and the SME-ChiNext Tech 100 Index covering the period 2016 to 2022 to assess the influence of corporate governance on crucial financial performance metrics such as return on equity (ROE), return on assets (ROA), and Tobin’s Q. Despite incorporating five control variables to account for extraneous factors, the analysis reveals no significant correlation between corporate governance practices and the operational or financial outcomes of these companies. Notably, the governance level is recorded at 47.2 percent, underscoring a unique regional governance context. This research enhances understanding of corporate governance’s role in the technology sector, echoing the findings of Alzubi and Bani-Hani (2021) on capital structure and Ulfah et al. (2022) onboard structure and earnings management. The insights garnered are particularly valuable for policymakers and investors navigating the dynamic economic landscape of the GBA.
Financial performance is very important for Islamic banks to ensure the sustainability of their business in providing banking products and services according to Sharia principles or Islamic law. This research examines the impact of financial risk on the financial performance of Indonesian Islamic commercial banks (ICBs), with bank size as a moderating variable. The research was conducted on all Indonesian ICBs from 2017–2021. Fixed effects models are employed to account for potential heterogeneity across banks and control for time-invariant unobserved factors. These models allow for estimating the within-bank variation over time, capturing constant bank-specific characteristics over the study period. The results of this research state that financing and operational risks significantly negatively impact financial performance. In contrast, liquidity risk does not significantly negatively impact financial performance. Furthermore, from testing the moderation hypothesis, the results of this study state that total financing reduces the significant negative effect of financing risk and operational risk on ICB Indonesia’s financial performance. However, total financing does not reduce the significant negative effect of liquidity risk on the financial performance of Indonesian ICBs.
Marketing researchers and psychologists have widely used the theory of planned behavior (TPB) to predict intention and behavior (Ajzen, 1991), but less attention has been given to the implementation of TPB in the business economy and particularly in primary production and business sectors (P&BS). The scope of the study is to identify the articles published during the past decades concerning the use of TPB alone or in combination with other theories which investigate managers’ or employees’ behaviors and intentions in P&BS. This paper reviews 334 articles abstracts, and the analysis conducts a distribution of articles per publication year, per economy sector, per theme area, as well as a citation analysis, journal contribution to the TPB in P&BS, and detection of other theories used in combination with TPB in P&BS. The results of the analysis revealed that the TPB has been used successfully in a variety of disciplines and that the areas of interest are also broad (Krueger & Carsrud, 1993; Zapkau et al., 2015). Finally, the most important theories used in combination with TPB constructs, are presented (Saeedi et al., 2022; Wang et al., 2022), and some suggestions for potential future research on the subject and implications are provided.
Governance of food systems is a poorly understood determinant of food security (Delaney et al., 2018). This article tackles the intricate issue of understanding stakeholders in public policy for enhancing food security in Papua. The primary purpose is to pinpoint key stakeholders, delve into their perspectives, and advocate for holistic policies integrating production, distribution, environmental impact, and social considerations. The qualitative approach, employing interviews, observations, and document analysis, allows a comprehensive exploration of stakeholder perspectives shaped by diverse backgrounds. Advocating for an integrated policy-making approach, the paper emphasizes addressing production, distribution, environmental impact, and social considerations for long-term food security in Papua. The conclusion underscores collaboration’s imperative for holistic and sustainable policies, addressing communication challenges and balancing diverse stakeholder interests. The paper’s relevance lies in contributing insights to navigate the complexities of stakeholder involvement in food security policy, informing the development of more effective, inclusive policies for enduring and sustainable food security in Papua.
The audit committee roles are essential to corporate governance because they are accountable in many aspects of financial governance. In order to understand the relationship between audit committee meeting (ACM) frequency, audit committee size (ACZ), and audit report lag (ARL) in Jordan, this study looked at the moderating effect of key audit matters (KAMs). A correlational research strategy was employed in the study. The data gathered from the 144 Jordanian enterprises for the period of 2016 to 2020 were disclosed in their published annual financial reports. The results show that, in terms of audit committee characteristics, there is no association between ARL and ACZ. Moreover, there is a non-significant relationship found between ACM and ARL. Furthermore, the outcome shows that KAMs and ARL are not significantly associated. On the connection between ACZ and ARL, however, the interaction impact of KAMs shows no moderating effect. Furthermore, the results show that the relationship between ACM and ARL is unaffected by the use of KAMs as a moderating variable. Given their influence on investor decisions, the study hereby advises businesses to pay close attention to the date of the external auditor’s report.
Globalization and the uncertainty of the business environment pose challenges to companies. The unpredictable COVID-19 pandemic has caused a significant global recession. For this reason, every company is required to improve governance and risk management practices to reduce the impact of this uncertainty. This study investigated the effect of board diversity on enterprise risk management (ERM) in companies in the USA, China, and Indonesia using the enterprise risk management index (ERMI) to measure ERM. ERMI is a means to assess an organization’s ERM implementation effectiveness index based on its ability to achieve its goals based on four dimensions (strategy, operations, reporting, and compliance). Different findings were uncovered in the 3 countries studied using the panel regression analysis technique on a sample of 629 companies during an observation period of 2011–2021. In the USA, a country known for prominent individualism, overall gender diversity does not have a significant relationship with risk-management-related decision-making. In China, gender and cultural diversities negatively impact ERM. On the other hand, in the Indonesian context, skill diversity has no significant relationship with risk management, while tenure diversity has a negative effect on ERM. The results of this study provided recommendations for regulators and company management in developing good corporate governance.
