Corporate Governance & Audit Archive Review

Corporate Governance and Audit Quality: Evidence from Pakistan

2024-03-30T16:31:30+02:00

The thought that producing an excellent audit report will boost issuers' trust in financial reports is the driving force for this study. The main focus of the study is how corporate governance affects how well business audits are performed. 71 non-financial firms took part in the study between 2008 and 2015. A fake variable with the values "1" and "0" was used to evaluate the audit quality; a value of "1" meant the company used one of the "big four" auditors, while a value of "0" meant it did not. Board independence was calculated using the ratio of non-executive directors to total directors as a measure of corporate governance. Binary regression analysis was used to examine the data that was gathered. The findings show that board independence and audit quality are negatively correlated. The study emphasizes how important it is to make sure that the board has a suitable balance of expertise. The analysis suggests that the current makeup of the board should be preserved and enhanced with regard to the number of non-executive directors.

Corporate Governance And Capital Costs From A Value Creation Perspective: Critical Literature Review

2024-03-30T16:41:46+02:00

Corporate governance encompasses a range of endeavors aimed at mitigating agency risk. The strategies encompassed in this framework are implementing stricter controls on managers' opportunistic conduct, enhancing the integrity of information dissemination inside organizations, and intensifying oversight of management activities. Numerous academic studies elucidate the potential of corporate governance policies to enhance the value of a firm. Accounting performance indicators or market metrics are commonly employed to assess the worth of a company. Conversely, as a company's cost of capital decreases, it results in the generation of value. Theoretically, organizations that possess effective safeguards for stakeholder rights and implement rigorous monitoring procedures should be capable of mitigating instances of managerial power abuse and ensuring proper resource allocation. This particular type of firm is expected to have a lower level of risk compared to other industries, hence granting it access to more cost-effective sources of finance. The primary objective of this study is to conduct a comprehensive evaluation of the existing body of literature about the impact of corporate governance on the cost of capital. The analysis will specifically focus on the value generation component of corporate governance.

Corporate Governance And Cost Of Capital From A Value Creation Perspective: Critical Literature Review

2024-03-30T16:50:20+02:00

Corporate Governance And CSR Practices Affect Organizational Excellence In The Grameen Bank Case Study

2024-03-30T17:09:05+02:00

This essay seeks to examine the concepts of corporate governance (CG) and corporate social responsibility (CSR) and assess their role in promoting business performance. Several firms, including banks, have experienced profound financial problems and even filed for bankruptcy within the last decade. Recently, corporate governance (CG) and corporate social responsibility (CSR) have become important tools for organizations to prevent such catastrophes. In order to accomplish the objective of the article, Grameen Bank (GB), a Bangladeshi bank operating in the microfinance sector, has been analyzed through a case study investigation. The bank has experienced significant growth and achieved remarkable success over the years, even amidst the financial crisis. The report aimed to conduct a critical examination of the contributions made by the CG and CSR activities to these atypical events.

Corporate Governance Index And Firm Performance: A Systmatic Literature Review

2024-03-30T17:18:29+02:00

The concept of corporate governance has witnessed a surge in prominence over the past twenty years, with rising economies actively adopting and enhancing its implementation to achieve better outcomes. The objective of the review is to assess the extent to which the effects of corporate governance have impacted the performance of the firm. The present study employed scholarly journal articles, utilized a deductive technique, and incorporated the source of the review inside the reports. The researcher constructed a theoretical framework for the case study, drawing upon the insights and conclusions derived from the existing literature. The independent variable in this study is the corporate governance framework, whereas the dependent variable is the performance of the organization. The many functions fulfilled by organizational performances and the different types of corporate governance procedures exhibit both independent and interdependent characteristics. Based on the study conducted, it has been shown that various corporate governance practices have an impact on the performance of organizations. Moreover, it has been observed that the implementation of improved corporate governance processes has the potential to boost performance across all dimensions.

Corporate Governance Protects Stakeholder Rights and Interests: An Agency Theory Perspective

2024-03-30T17:31:10+02:00

The article applies a comprehensive method to defend stakeholders' rights and interests through corporate governance (CG). It explores whether boards of directors who effectively represent shareholder interests also protect the interests of the organization's other stakeholders. It explores how corporate governance should be established for already operating corporations, especially in line with arbitrary fairness and impartiality requirements. The notion of corporate governance (CG) is defined and clarified via the use of the Organization for Economic Cooperation and Development's (OECD) governing principles and guidelines. Nigeria, the United States, and the United Kingdom, according to reports, developed their corporate social responsibility (CSR)-oriented CG principles in consultation with the OECD principles and other sources of CG rules and principles, such as the Companies and Allied Matters Act, the Investment and Securities Act, and numerous others. It asserts that the concept of corporate governance (CG) is applicable to corporate businesses worldwide by emphasizing the importance of defining the rights and responsibilities of various corporate stakeholders, such as board members, managers, and shareholders, as well as decision-making guidelines and processes. Furthermore, this enables the organization's objectives to be established, the road to reaching them determined, and outcomes monitored. While acknowledging that corporate governance (CG) is an important problem for organizations, the paper contends that because an organization cannot please all stakeholders, it is preferable to create a compromise between accomplishing organizational aims and those of the stakeholders.

Corporate Social Reposnbility Index, Evaluation and Hisotry

2024-03-30T17:40:04+02:00

There is a growing interest among corporations and the academic community in the concept of corporate social responsibility (CSR). Business enterprises ought to prioritize the pursuit of financial gains, while simultaneously fulfilling their societal responsibilities in order to foster social advancement, hence enhancing their overall corporate achievements. The primary objective of this study is to systematically categorize and classify the many concepts associated with corporate social responsibility (CSR). Additionally, it tries to categorize the different components of CSR that have been applied in empirical research. Furthermore, this study seeks to analyze and evaluate the findings of CSR outcome studies, drawing from both local and worldwide literature. This study proposes potential avenues for further research and acknowledges the constraints of prior findings.

Corporate Social Responsibility in the Workplace Bahaviour and Business Practices

2024-03-30T17:48:41+02:00

Undoubtedly, economics activities result in environmental harm and the exhaustion of the Earth's natural resources. In the midst of the chaos, Corporate Social Responsibility (CSR) emerges as a possible solution to hold firms accountable for the environmental impacts of their activities and to mandate them to allocate a portion of their earnings to stakeholders. This paper addresses the increasing need for international corporate social responsibility (CSR) laws to act as a mechanism for regulating the immediate and long-term environmental impacts of company activities. This filter is expected to constantly influence the strategies businesses use to achieve their objectives. The research study utilized a phenomenological technique to examine the harmful environmental impacts of corporate activities. This was done through a qualitative review of books, journals, and media sources. The findings support the idea of implementing a comprehensive worldwide approach to Corporate Social Responsibility (CSR), which requires the establishment of global regulation and enforcement by a global institution like the United Nations. This method is expected to protect countries with insufficient corporate governance, where government officials frequently succumb to the temptation of multinational firms attempting to evade accountability for regulatory breaches.

Effect Of Corporate Governance On Bank Performance

2024-03-30T17:59:00+02:00

The relationship between corporate governance and bank performance is a critical area of study within the field of finance and management. This paper aims to provide a comprehensive analysis of the effect of corporate governance mechanisms on the performance of banks. Drawing upon a review of existing literature and empirical evidence, the paper examines various dimensions of corporate governance, including board composition, executive compensation, and risk management practices, and their impact on key performance indicators such as profitability, asset quality, and stability. Through the use of quantitative research methods, including regression analysis and event studies, the paper seeks to empirically demonstrate the linkages between corporate governance practices and bank performance outcomes. By shedding light on these relationships, the paper contributes to a deeper understanding of how governance mechanisms can influence the financial health and stability of banks, with implications for regulators, policymakers, and practitioners in the banking industry.

Finding The Governing Differential Equations In Free Form Through Data Analysis

2024-03-30T18:07:37+02:00

This paper proposes a methodology for the identification of governing differential equations based on empirical data. This method does not require any a priori specification of the equation's constituent pieces to be carried out in order to be successful. Because of this, there is no requirement for a pre-determined specification of the components that are to be included. The strategy that has been suggested has as its primary objective the simplification of the incorporation of a dataset or a set of datasets that are relevant to a particular solution or a group of particular solutions of a differential equation. The problem-solving approach that has been suggested is developed with the purpose of being flexible enough to adapt to either scenario. The end result is a differential equation that has been written down in a way that is simple enough for folks to comprehend. The equation has been changed and tweaked in order to provide a more accurate representation of the particular solutions that have been presented. Improving one's understanding of differentiable data models is the primary objective of this research project. In the following step, the outputs that are produced by these models are then utilized as inputs inside the framework of genetic programming. This approach makes use of graphical representations to explain calculations by employing a wide variety of functions, parameters, and sometimes differential operators that are applied to functions. Our method, which makes use of recursive applications of automatic differentiation, has the capacity to investigate any arbitrary combination of operators without needing any input from the user. This is made possible by the fact that it employs automatic differentiation. This method makes it easier to simplify the design and evaluation of differential operators. It also makes the process more efficient. In addition, we describe a methodology for participating in active learning with the purpose of identifying and addressing flaws within the suggested governing equations. Our ultimate goal is to improve the system. The implementation of this measure was done so in order to improve the accuracy of the results.