Corporate governance is the way of governing a firm in order to increase its accountability and to avoid any massive damage before it occurs. The aim of this paper is to investigate the impact of capital structure, firms' size, and competitive advantages of firms as control variables on credit ratings. We investigate the role of corporate governance in improving the firms' credit rating using a sample of Jordanian listed firms. We split firms into four categories according to WVB credit rating. We use both the binary logistic regression (LR) and the ordinal logistic regression (OLR) to model credit ratings in Jordanian environment. The empirical results show that the control variables are strong determinants of credit ratings. When we evaluate the relationship between the governance variables and credit ratings, we found interesting results. The board stockholders and board expertise are moderately significant. The board independence and role duality are weakly significant, while board size is insignificant.
Matched MeSH terms: Professional Corporations/economics*; Professional Corporations/organization & administration
This study examined biological asset information that has been reported by companies in Malaysia and the methods of valuation used in reporting the biological assets. It aimed to provide useful information to the regulators about the application of MFRS 141, the accounting standards for agriculture, in corporate reporting. This study employed the data derived from the 2016 annual reportsof plantation companies listed on Bursa Malaysia. Descriptive analysis was used to examine the biological asset information that has been reported and the characteristics of the companies such as age, size, and leverage. The results of this study showed that most of the plantation companies believed that fair value and historical cost could be the best way to measure their biological assets. The findings of this study provide input towards identifying the gap in corporate reporting practices and the challenges faced by companies in the application of MFRS 141. The findings are expected to contribute to the regulatory improvement towards increasing the full adoption of MFRS 141 by companies in Malaysia.
This article covers comprehensive data on firm-level corporate governance practices as imposed by the Jordan Securities Commission (JSC). The study includes panel data for 95 non-financial Jordanian listed firms (industrial and service sector) in Amman Stock Exchange (ASE). The time frame used for this study is from 2012 to 2017. Data presented were extracted from the annual reports of each firm. The annual reports had been downloaded from the official website of the ASE. The data can be used easily by the researcher to develop and calculate a corporate governance index that involves thirty-two internal governance attributes and is comprised of three equally weighted sub-indices. The first sub-index which is "Disclosure and Transparency" consists of 15 unique attributes. While the second sub-index, "Board Effectiveness and Composition" consists of 9 unique attributes. The last sub-index which is "Shareholders Rights" consists of 8 unique attributes. Thus, the un-weighted corporate governance index has an important feature that is easily replicated and modified, enabling the researcher to rate firms based on an aggregate index score or by using the sub-indices score also.
The rapid growth of corporate investment in the Malaysian private hospital sector has had a considerable impact on the health care system. Sustained economic growth, the development of new urban areas, an enlarged middle class, and the inclusion of hospital insurance in salary packages have all contributed to a financially lucrative investment environment for hospital entrepreneurs. Many of Malaysia's most technologically advanced hospitals employing leading specialists are owned and operated as corporate business ventures. Corporate hospital investment has been actively encouraged by the government, which regards an expanded private sector as a vital complement to the public hospital system. Yet this rapid growth of corporately owned private hospitals has posed serious contradictions for health care policy in terms of issues such as equity, cost and quality, the effect on the wider health system, and the very role of the state in health care provision. This article describes the growth of corporate investment in Malaysia's private hospital sector and explores some of the attendant policy contradictions.
Matched MeSH terms: Professional Corporations/economics; Professional Corporations/trends*
This The fields of corporate social responsibility (CSR) and human resource (HR) function have gained
increasingly importance to corporate strategies. As many hotels are concerned with sustainability
issues and CSR, the HR function is positioned to assist implementing and enhancing CSR strategy as
well as administering its core functions. In most cases, CSR in the hotels are housed in HR Department
where the managers have responsibility for the strategic application of CSR in the hotels. This paper
presents a case study of five hotels in Penang Island, Malaysia as an attempt to demonstrate how
Human Resource managers of these hotels perform their CSR practices. Specific focus is placed on the
role of Human Resource managers who are not well-equipped with social work experience or
background and specifically to investigate how these managers perceive CSR concept, the impact of
their CSR programs on beneficiaries and the challenges that they encountered in the process. To
answer these questions, we have conducted interviews with five managers from four and five star
hotels in Penang. Our findings have reflected the importance of conceptualization of CSR particularly
in hotel sector as well as gaining insight into current HR profession in administering CSR activities to
consider someone with social work background in a bid to improve the quality of life of targeted
communities.