Corporate group

About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.

Corporate Governance and the Impact of Legal Obligations on Decision Making in Corporate Australia

Abstract: This paper reports upon an empirical study of the place of law and legal duties in the governance of Australian public companies. A fuller discussion of the findings from this empirical research project is to be found in: Tomasic and Bottomley, Directing the Top 500: Corporate Governance and Accountability in Australian Companies, (Sydney, Allen & Unwin, 1993). The debate concerning the legal duties and obligations of management of corporations became quite heated in Australia following the corporate excesses of the 1980s. Many corporations exploited the looseness of the legal rules for the control of business; weak regulatory structures also operated to the disadvantage of shareholders and creditors. The study is based upon data derived from a series of interviews conducted with officers from the top 500 Australian listed public companies. Interviews were held with 95 public company directors and 55 advisers of public companies. The adviser group comprised leading corporate lawyers, liquidators, auditors and corporate regulators. Interviews took place in five Australian state capital cities and all interviews were undertaken personally by the principal investigators. This article examines perceptions of corporate citizenship held by directors and goes on to contrast these with actual corporate decision making in the context of the legal requirements placed upon directors of Australian companies. The article also examines the structure of Australian corporate decision making processes by the board of directors.

Business Group's Diversification Strategy and Sustainability

Abstract: This paper explores how the resource endowments of business groups affect diversification strategy, and how different degrees of diversification influence business group financial performance and sustainability. The sample of this study is the top 300 business groups in Taiwan according to China Credit Information Service. Regression results show that tangible, intangible, and human resource endowments all positively affect business group diversification strategy. We also find an inverted-U relationship between the degree of diversification and the financial performance. Thus, diversification strategy enhances business group sustainability.

The Indian Corporate Structure and the ‘Theory’ of Emerging Market Business Groups

Abstract: This article critically evaluates the value of the contemporary analysis of the ‘emerging market’ business group found in international literature for studying the institution in India. It argues that this value is limited by the top-down and ahistorical approach most of that analysis tends to adopt. The article shows that while business groups have been a common feature of the Indian corporate scene, they do not conform to the static conceptions of the business group found in the current literature. The article also presents a critical review of the influential functional explanation of developing country business groups as responses to ‘institutional voids’. It argues that this theory neither explains the institution of the group nor does it really shed light on the phenomenon of concentration expressed through that institution.

Corporate governance, corporate strategy and corporate performance: evidence from the financial institutions listed on the nigerian stock exchange

Abstract: The study aimed at proving that corporate governance structures should work in tandem with other stakeholders of the company to fashion a robust corporate strategy for effective corporate performance. Undoubtedly, in most situations board squabble, ineptitude, inconsistent tenure of office during which members engage in arbitrage opportunities and rent seeking activities constitute the bane of achievement of corporate prime objectives. The study availed itself of the secondary data from Nigerian Stock Exchange Fact book where thirty three (33) out of forty eight (48) financial institutions were selected, tabulated and analyzed using Ordinary Least Squared (OLS) rule. A multiple regression model was applied in the analysis of the data. The result provided sufficient evidence of relationship between corporate governance and firm performance. It concluded that a talented board is a corner stone of an effective corporate governance system. Key words: Corporate governance, corporate strategy, corporate performance, earnings management.

The influence of some selected variables from accounting system on profit or loss of agricultural companies in the Slovak republic

Abstract: 1024x768 The article presents the influence assessment of significance of some selected variables from the entrepreneurs' accounting system on the achieved profit or loss of the agricultural companies in the Slovak Republic Accounting information serves as an active tool for internal users for operational as well as strategic company management, and for external users the information is determined as legally binding output information which is a subject to disclosure Individual financial statements of assessed agricultural companies are considered to be the relevant source of information Agricultural companies are represented by commercial companies and agricultural cooperatives Profit or loss after income tax presents the final complex effect of economic company's performance The existence and development of companies is conditioned by assets which amount and structure depend on focus and the range of subject activity but as well as on specific factors set by the production process in the agricultural primary production The increase in liabilities is notable by the influence of unsufficient amount of own company funding sources, mainly the increase in trade payables The continuance of company reproduction process is secured by a bank loan drawdown The income situation of companies of agricultural primary production is favourably influenced by the subsidies of non-investment character During the observed period of years 2004 - 2014 the examined variables were assessed by means of statistical methods The obtained results of rate determination of statistical correlation between selected variables by means of classical canonical analysis and non-parametric correlation analysis secured that in the assessed group of companies all analysed variables influenced statistically significantly profit or loss after income tax, mainly the total value of assets and non-investment subsidies, except for years 2010, 2012 a 2013, when the statistically insignificant correlations was determined between profit or loss and especially short-term trade payables and current bank loans As regards the existence point of view it is recommended to companies to maintain the optimal assets and capital structure as well as the achievement of suitable profitability of company's activity Only the complex attitude towards the subject issue can be the assumption of sustainability for companies of agricultural primary production in the Slovak Republic and the increase in their performance Normal 0 21 false false false