To What Extent does CEO Behavior Enhance Risk-Taking? A Banking Sector Related Evidence

The present paper is designed to examine the extent of the Chief Executive Officer’s (CEO) behavioral impact on the bank risk-taking venture. The sample involves a set of 540 banks, observed over a longitudinal panel data set (2007-2019). A multiple linear-regression technique has been applied. The attained results prove to highlight that when CEOs seem to enjoy a great deal of overconfidence, they are more likely to influence the board’s decision-making to their proper risk-reducing advantage. The greater the CEO dominance is, the more decreased the bank specific risk turns out to be, given the significantly positive association of CEO dominance with the risk-taking procedure. This paper's results have implication for banks and policymakers looking to promote risk-taking. This paper could be useful to shareholders as they aim to recruit the most gifted CEOs with the relevant set of competences in order to meet shareholders' goals and enhance bank competitiveness.JEL Codes - G23, G32, G4

Sound Governance and Its Role in Promoting Efficiency Performance of Government Units in Telecommunication Sector

Purpose: The study major objective is to examine the relationship between the principles of sound governance and the improvement of institutional, financial and operational performance in the government units of telecommunications sector in Iraq.   Theoretical framework: In most countries, the governance of the public sector is an urgent demand in the present time. States focused on the general development through various initiatives and projects, where the projects aimed to reform administrative and operational systems of different public sectors. The importance of governance in public sector units is attributed to the significance of establishing and activating the role of internal audit in public and government sectors and ensuring its independence and organizational non-association with direct performance as currently seen in most countries.   Design/methodology/approach: This applied study was designed to examine the study hypotheses considering their objectives and limitations. The relationship between the independent variable (sound governance principles) and the dependent variable (financial performance) was analyzed.   Findings: The study findings revealed that the corruption is the result of weak or absence of sound governance, which basically upholds the principles of transparency, accountability, and fight corruption.   Research, Practical & Social implications: We recommend a research agenda for the future and emphasizes the contributions made to corporate governance in public sector.   Originality/value: Recently, previous literature began to pay attention to corporate governance in the public sector, especially in countries where the government controls a large part of economic activity, as in Iraq

Measuring the Level of Voluntary Disclosure in Commercial Banks and its Effect on Improving Financial Performance: an Applied Study on Number of Commercial Banks in the Iraqi Stock Exchange

Purpose: The aim of this study is to know the impact of voluntary disclosure on the financial performance of Iraqi commercial banks. It is able to attract the largest number of investors, as the information and data contained in the financial reports no longer truly reflect its financial position.   Theoretical framework: Voluntary disclosure plays a pivotal role in reducing the cost of financial analysts obtaining the necessary information to build their predictions about profits and cash flows achieved in the future, and thus will contribute to rationalizing investors' decisions and thus improving the efficiency of financial markets.   Design/methodology/methodology: The study population consists of (15) commercial banks listed in the Iraqi Stock Exchange, and a ten-year time series has been selected and the period extends from (2010-2019), government and Islamic banks have been excluded due to the difference In the privacy of applicable regulations.   Find: The results of the study showed a positive and moral impact of voluntary disclosure on financial performance, while the effect of voluntary disclosure on the rate of return on assets and the rate of return on equity was also positive, while the effect of voluntary disclosure on earnings per share was negative, and in the end, the researcher recommended a set of recommendations Perhaps the most important of them is the need for intervention by bodies, unions and the government in order to put in place a set of instructions, controls, laws and legislations necessary to regulate the process of voluntary disclosure, while clarifying the advantages that can accrue to banks from this disclosure.   Research, practical and social implications: This study has dealt with the issue of voluntary disclosure in the academic and administrative fields, where the researcher hopes that the Iraqi banking sector and stakeholders will benefit from this study as it establishes, theoretically and practically, the logical connection of the relationship between voluntary disclosure and financial performance.   Originality/value: The study's originality value by measuring the impact of voluntary disclosure on the level of financial performance for the first time in Iraqi commercial banks for the period from (2010-2019) except for governmental and Islamic banks due to the difference in the specificity of the applicable regulations

LA STRUCTURE DE PROPRIÉTÉ ET L'INNOVATION : ÉTUDE EMPIRIQUE DANS LE CONTEXTE TUNISIEN

International audienceThe objective of this paper consists in examining the impact of ownership structure on the innovation level firms. The theoretical framework proposed in this research is based on the cognitive of government corporate current. Our idea according to which the industrial CEO who hold a share in the capital and who have a formation in the field of the ingenerate could help us to examine the cognitive contribution of the shareholder. This reflexion is similar for an individual or institutional shareholder and this by examining their engagement. The whole of the results, carried out on a sample of 95 Tunisian industrial firms, tends to show a significant impact of the ownership structure on the policy of innovation.L'objectif de ce travail de recherche consiste à examiner l'impact de la structure de propriété sur le niveau d'innovation des entreprises. Le cadre théorique proposé dans cette recherche se base sur le courant cognitif de gouvernement d'entreprise. Notre idée selon laquelle le dirigeant industriel qui détient une part dans le capital et qui a une formation dans le domaine de l'ingéniorat ou de technologie pourrait nous aider à examiner l'apport cognitif de l'actionnaire. L'engagement du principal actionnaire et de l'investisseur institutionnel est un atout pour le développement d'une politique d'innovation. L'ensemble des résultats, menés sur un échantillon de 95 entreprises industrielles tunisiennes, tend à montrer un impact significatif de la structure de propriété sur la politique d'innovation

LA STRUCTURE DE PROPRIÉTÉ ET L'INNOVATION : ÉTUDE EMPIRIQUE DANS LE CONTEXTE TUNISIEN

L'objectif de ce travail de recherche consiste à examiner l'impact de la structure de propriété sur le niveau d'innovation des entreprises. Le cadre théorique proposé dans cette recherche se base sur le courant cognitif de gouvernement d'entreprise. Notre idée selon laquelle le dirigeant industriel qui détient une part dans le capital et qui a une formation dans le domaine de l'ingéniorat ou de technologie pourrait nous aider à examiner l'apport cognitif de l'actionnaire. L'engagement du principal actionnaire et de l'investisseur institutionnel est un atout pour le développement d'une politique d'innovation. L'ensemble des résultats, menés sur un échantillon de 95 entreprises industrielles tunisiennes, tend à montrer un impact significatif de la structure de propriété sur la politique d'innovation.Gouvernance Cognitive, Dirigeants Industriels, engagement, Innovation

Does a board characteristic moderate the relationship between CSR practices and financial performance? Evidence from European ESG firms

This study aims to examine the potential effect that corporate social responsibility practices (CSR) have on financial performance in ESG firms, using the moderating role of board characteristics. To test the moderating effect of the board characteristics in the relationship between CSR practices and financial performance, we applied linear regressions with panel data using the Thomson Reuters ASSET4 database from European countries in analyzing data of 225 listed companies between 2015 and 2019. The results show that board characteristics partially moderate the relationship between CSR practices and financial performance in European ESG firms. In addition, this study indicates that CSR practices affect the firm's financial performance positively. The study findings appended a new dimension to governance research that could provide policymakers and regulators with a valuable source of information to strengthen governance mechanisms for better financial performance. Previous studies mostly investigate the direct effect of corporate governance on financial performance. A few studies examine the moderating effect of CSR practice. This paper contributes by investigating the moderating effect of governance mechanisms in the ESG context

La latitude managériale des dirigeants face à l’innovation technologique : une analyse empirique sur le marché tunisien

L’objectif de ce présent travail consiste à montrer dans quelle mesure la latitude managériale des dirigeants pourrait favoriser le développement de l’innovation technologique. Pour cela nous avons examiné si la réussite des activités d’innovation technologique dépend de la valeur disciplinaire du dirigeant ou bien de la valeur spécifique de ce dernier. Sur un échantillon de 41 entreprises tunisiennes industrielles, les résultats statistiques montrent que la propriété des dirigeants dans le capital, le comportement et le prestige de ces dirigeants sont des éléments discriminants dans le déclenchement des innovations technologiques.The aim of this paper is to show to what extent a manager’s latitude could encourage the development of technological innovation. For that we examined how the success of technologically innovative activities depend on the disciplinary value of the leader or the leader’s specific value. In a sample of 41 industrial Tunisian firms, the statistical results show that the leader’s property in the capital, the behavior and the leader’s prestige are the discriminating elements in the starting point for technological innovation

Adoption determinants of the International Accounting Standards IAS/IFRS by the developing countries

This paper’s main objective is to identify certain explanatory factors that likely clarify the choice of applying IAS/IFRS adopted by developing countries (DCs) up until the year 2008. Based on a sample consisting of 74 DCs the empirical results have indicated that the DCs most likely to adopt IAS/IFRS have a high level of economic growth along with a legal system of common law and an advanced educational level.El principal objetivo de este documento es identificar ciertos factores que probablemente esclarezcan la opción de aplicar IAS/IFRS adoptadas por los países en desarrollo hasta el año 2008. Basados en una muestra de 74 países en desarrollo los resultados empíricos han demostrado que la mayoría de ellos probablemente tienen un alto nivel de crecimiento económico junto con un sistema jurídico de derecho consuetudinario y un nivel de educación avanzado

Adoption determinants of the International Accounting Standards IAS/IFRS by the developing countries

This paper?s main objective is to identify certain explanatory factors that likely clarify the choice of applying IAS/IFRS adopted by developing countries (DCs) up until the year 2008. Based on a sample consisting of 74 DCs the empirical results have indicated that the DCs most likely to adopt IAS/IFRS have a high level of economic growth along with a legal system of common law and an advanced educational level.El principal objetivo de este documento es identificar ciertos factores que probablemente esclarezcan la opci?n de aplicar IAS/IFRS adoptadas por los pa?ses en desarrollo hasta el a?o 2008. Basados en una muestra de 74 pa?ses en desarrollo los resultados emp?ricos han demostrado que la mayor?a de ellos probablemente tienen un alto nivel de crecimiento econ?mico junto con un sistema jur?dico de derecho consuetudinario y un nivel de educaci?n avanzado

Adoption determinants of the International Accounting Standards IAS/IFRS by the developing countries

This paper's main objective is to identify certain explanatory factors that likely clarify the choice of applying IAS/IFRS adopted by developing countries (DCs) up until the year 2008. Based on a sample consisting of 74 DCs, the empirical results have indicated that the DCs most likely to adopt IAS/IFRS have a high level of economic growth, along with a legal system of common law and an advanced educational level.El principal objetivo de este documento es identificar ciertos factores que probablemente esclarezcan la opción de aplicar IAS/IFRS adoptadas por los países en desarrollo hasta el año 2008. Basados en una muestra de 74 países en desarrollo, los resultados empíricos han demostrado que la mayoría de ellos probablemente tienen un alto nivel de crecimiento económico, junto con un sistema jurídico de derecho consuetudinario y un nivel de educación avanzado