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This paper studies the relationship between the features of managerial board, ownership structure and firm performance of a particular type of new technology ventures: the academic spin offs. These are mainly small and medium firms, focused on high technology, research and innovation, that involve private and public actors in their ownership struct...
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Context 1
... sciences industry is the most populous (31%), followed by ICT (22%) and the energy-environment applications (13%). Table 2 reports descriptive statistics of the numeric variables. The sample has a high number of firms (88%) in which the academic researchers are present in the board; however, it is observed that more than half of the companies (52%) has an external manager the board of directors. ...
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Prof. Tony Bailleti gave a talk at Jiangsu University translated by Prof. Jun Steed Huang, on the subject of tips for making a starup.
Citations
... PT Sinar Grage Jaya's competence is in the poor category, meaning that employees are less motivated to develop and improve their abilities, there is no independent learning initiative and there is no training program from the company itself, which causes employee competence to be lacking in handling initiative problems in helping co-workers, friendliness and courtesy, seriousness, supported knowledge, broad knowledge, technical expertise, identifying problems and finding solutions in employees. In line with the opinion of the quality control and assurance leadership, which states that employees lack extensive knowledge, technical expertise, and the ability to identify problems in their work, this is one of the reasons for the lack of employee training (Di Berardino, 2016;Sokol, et al., 2015;Triwahyuni, et al., 2016). ...
This research begins with the discovery of problems in employee performance. The problem in this study is the low performance of employees, which is indicated by low human intelligence and competence. This study aims to analyze how the influence of human intelligence on employee performance is mediated by competence. With a sample of 90 people, using path analysis data analysis techniques (Path Analysis), the results show that emotional intelligence has a positive and significant effect on competence by 32.95%. Also, emotional intelligence has a positive and significant effect on performance mediated by competence of 15.88%. Then, intellectual intelligence has a positive and significant effect on competence by 22.49%, while intellectual intelligence has a positive and significant effect on performance mediated by competence by 12.77%. Furthermore, spiritual intelligence has a positive and significant effect on competence by 7.31%, and spiritual intelligence has a positive and significant effect on performance mediated by competence by 2.62%. Then competence has a positive and significant effect on employee performance by 73.44%.
... The study pointed out that mixed relationship exists between corporate governance practices and firm performance, i.e., the variable Board structure had a positive relationship with return on asset (ROA) and negative relationship with return on equity (ROE). (Di Berardino, 2016 9 ) pointed out that, uncertain relationship between mixed ownership structure and access to strategic resources through resource dependency theory. Firsthand information was collected for achieving the said objectives from National register of firms. ...
This piece of study is designed to analyse the socio economic profiles of the corporate governance professional’s opinion on the impact of CG (Corporate Governance) on FV (Firm value) from the angle of their socio economic profile. The study considered 90 company secretaries as Corporate Governance Professionals and elicited their opinion on the aspect of Corporate Governance and Firm value, with the help of semi-structured questionnaire circulated through Google forms. After implementation of the Companies Act 2013 we have completed nearly five years. Now this is the time to see how far the socio economic characteristics of professionals influence the FV? The socio economic variables were represented by Gender, Age, Educational Qualification, Profession and Experience etc., and for the purpose of Firm value an average value of Turnover, paid up capital, net worth, EPS and Return on Investments were considered. The study found significant difference between opinion based Socio-economic factors (age and profession) and impact of CG on FV, and the remaining socio economic factors were not found significantly differentiating their impact on firm value.
... This is achieved through a standardized online survey that collected data from 49 start-up executives. "Strongly disagree" "Disagree" "More or less disagree" "Undecided" "More or less agree" "Agree" "Strongly agree" 2 We are open to discuss potential cooperations. 3 We are not critical of sharing information with other market participants. ...
Many start-ups are in search of cooperation partners to develop their innovative business models. In response, incumbent firms are introducing increasingly more cooperation systems to engage with start-ups. However, many of these cooperations end in failure. Although qualitative studies on cooperation models have tried to improve the effectiveness of incumbent start-up strategies, only a few have empirically examined start-up cooperation behavior. Considering the lack of adequate measurement models in current research, this paper focuses on developing a multi-item scale on cooperation behavior of start-ups, drawing from a series of qualitative and quantitative studies. The resultant scale contributes to recent research on start-up cooperation and provides a framework to add an empirical perspective to current research.
... Board activities are heavily reliant on agency theory as with the passage of time the research on impact of CG and performance has been expanding due to importance of corporate governance being realized.To date, literature is so diverse and researchers have no consensus about the outcome [13]; CG and performance. [14] Reported as that mechanisms relating to governance have sufficient effect on firm performance, likewise [15] researched corporate governance effect on firm performance for new technology ventures and reported relevant relation among performance and CG. Moving forwards [8] also reported significant relation among mechanisms relating to CG and performance whose research was carried on the firms listed on the Pakistan Stock Exchange (PSX). ...
Extensive research relating to corporate governance and performance of firms have been carried out, however less research has been carried relating to developing countries like Pakistan. The purpose of the study is to examine the relationship of corporate governance (CG) tools (board size, board meetings) with performance (ROA) of listed textile firms on the Pakistan stock exchange. Leverage (FLEV) has been accommodated as a moderator in the study, data has been collected concerning to 30 textile firms from the period 2015 to 2017 and multiple regression technique has been employed in the research to assess the relation among corporate governance and firm performance. The study found that both board size (BS) and board meetings (BM) have a significant impact on the textile firm's performance, moreover the moderating effect of leverage was found to be significant on the relationship between BM and performance of textile, but insignificant on the relationship of board size and performance. This study provides helpful information for regulators as well as management of textile firms to enhance policies relating to corporate governance ahead.
Las buenas prácticas de gobierno no solo hacen referencia al funcionamiento y composición de los órganos de gobierno corporativo, como las asambleas, los consejos directivos y la alta dirección, sino que además contemplan los acuerdos autorregulatorios que se diseñan en la normativa interna, y los procesos y prácticas que buscan que la organización cuente con un balance de poderes adecuado, la mitigación del comportamiento oportunista, la gestión adecuada de los riesgos y la comunicación asertiva con los diferentes grupos de interés.
Partiendo de estas dimensiones, en este libro analizan los avances y oportunidades de fortalecimiento de las prácticas de gobierno corporativo en el sector subsidios en Colombia. Este ejercicio se realiza bajo el Convenio de Cooperación suscrito entre la Presidencia de la República de Colombia a través de la Consejería Presidencial para la Transformación Digital y Gestión y Cumplimiento, y el Centro de Estudios en Gobierno Corporativo del CESA, con el propósito de desarrollar recomendaciones y estrategias para el sector público en materia de gobierno organizacional.
Uno de los proyectos priorizados bajo este convenio se centró en el trabajo con las superintendencias del país con el fin de desarrollar capacidades en los sectores y organizaciones bajo su supervisión, y propiciar un cambio cultural que culmine con la implementación y difusión de buenas prácticas bajo un enfoque de autorregulación, y con la plena convicción de los beneficios que se derivan del mismo.
Este análisis es posible gracias al interés y compromiso de la Superintendencia del Subsidio Familiar y la totalidad de las cajas de compensación familiar en el país, comprometidas con las buenas prácticas de gobierno corporativo y que encontraron en este ejercicio de la Presidencia y el CESA, una oportunidad como sector.
Volatility in stock markets is caused by many external and internal factors, one of them being governance in Indian companies. This study is to ascertain the various company-specific elements affecting the stock performance along with corporate governance (CG). The dependent variable is market price of shares and the independent variables considered are: CG, return on equity (ROE), enterprise value, earnings per share (EPS) and dividends (DPS) for the FY 2017-18, for SENSEX (BSE 30) companies. The study concludes that the share price of a company is influenced by gov-ernance (CG), ROE, EPS and DPS. The study highlights that companies with improved gover-nance achieve better stock performance .
Purpose
Success in the information systems (IS) project domain is elusive despite extensive research on the topic. Governance is seen as the greatest contributor to project success. The purpose of this paper is to investigate and report on the current perceptions and implementation of information technology (IT) governance within IS portfolio management to develop a sub-framework to guide practitioners. This sub-framework forms part of a grand IS project, programme and portfolio governance framework of which this study forms a contributing part.
Design/methodology/approach
The researchers followed a mixed-methods approach through utilising Q-methodology and inverted factor analysis.
Findings
The results provided a sub-framework recommending specific IT governance practices to be applied to IS portfolios. The recommendations are categorised as activities to be maintained, enhanced and/or implemented.
Research limitations/implications
The research only had participants from South African organisations and as such cannot be reliably extrapolated to other regions.
Originality/value
The resultant sub-framework provides stakeholders and practitioners involved in IS portfolios an opportunity to examine their own approaches and be confronted with possibilities in their portfolio management activities. Further research to be conducted includes creating a grand framework to address the linkages between portfolio, programme and project management as it relates to IT governance on various strategic levels.
The role of corporate governance (CG) is to ensure functioning of companies in accordance with their formulated objectives to ensure growth of corporate assets and satisfaction of the owners. In addition to management of the company, there are other stakeholders whose interests need to be considered in meeting the owners' objectives. These include creditors, employees, clients, and the wider context of the business. The aim of this paper is to explore and compare the impact of selected financial and non-financial determinants representing the interests of these groups on corporate financial performance. The influence of determinants of CG on financial performance, measured by return on assets (ROA), return on equity (ROE) and return on sales (ROS) indicators, is investigated by means of correlation analysis. The sample of enterprises used consists of non-financial joint-stock companies listed on the Bratislava Stock Exchange, insurance companies, and banks based in Slovakia. The findings show that each of the investigated determinants of CG affects financial performance of companies. ROA, ROE and ROS of share issuers are significantly influenced by the total equity (EQ), average remuneration (AR) and number of the Board of Supervisor members (BSM). With banks, performance indicators are only influenced by total personal costs (PC). ROA, ROE and ROS of all companies are influenced by the dividend ratio (DR), EQ, AR and BSM.
The notion of corporate governance has been given credence on the policy agenda in many countries across the globe, especially after the frequent non-stop worldwide cases of corporate fraud and scandals. This has brought about the massive campaign on corporate governance reforms on finding dynamic corporate practices, structures, and systems that ensure that firms remain profitable, attractive, and sustainable. This study examines the effect of board structural characteristics (BSC) to achieve firm performance (FP) via the mediating effects of board roles (BRs) (frequency of board meetings (FOBM) and board size (BZ)) and the intervening role of corporate governance (CG) code which is an innovative model. By collecting data for 392 listed companies in South Africa for the period 2006-2018 and by employing the generalized method of moments (GMM) model, the findings of the study reveal that FOBM and BZ mediate the relationship between BSC and FP. Furthermore, the study finds a novelty in the interactive effect of corporate governance reforms with BSC on BRs. The study uncovers significant incremental effects of corporate governance reforms interacting with the BSC. These interactions significantly increase the relation after the implementation of the CG code.
Academic research is generally seen as one of the most important goals of a university, but universities are being called upon simultaneously to assist in building a local entrepreneurial ecosystem and contributing to economic growth. Universities can be the source of startups based on academic research results and thereby influence a given industrial context. This paper investigates the impact of academic entrepreneurship on the economic performance of university spin-offs (USOs) and, in particular, how the composition of the founding team, the diversity of academic ownership, CEO duality, and the presence of women on the board of directors affect USO success. We study these relationships with a cross-sectional sample of 136 firms in southern Italy. Our findings highlight that governance and ownership can influence various indicators that are often used for measuring enterprise success in different ways and that, based on the specific success metrics, managers or policymakers should consider different aspects to better understand a USO’s potential for success.
