Search Results (4)

This research adopted a distinctive approach to explore the link between corporate environmental performance, customer satisfaction, and firm performance. It also examines the moderating role of digital transformation on these relationships. We collected longitudinal data covering 2745 firm-year observations from the U.S. Standard & Poor’s (S&P) 500. Our study utilised “the generalised method of moments (GMM) technique” to analyse the longitudinal data. The results revealed that a one-unit enhancement in CEP results in, on average, a 10.1% rise in the growth rate of ROA, a 13.40% increase in Tobin’s Q, and a 14.2% increase in customer satisfaction. Moreover, digital transformation moderates the links between CEP, firm performance, and customer satisfaction. The findings of our study guide policymakers, researchers, shareholders, and managers in addressing the challenge of corporate environmental performance. Full article

This study aims to explore the synergy between corporate sustainability and corporate sustainable governance and its effect on a listed firm’s value efficiency. This research studies the interaction of these two critical dimensions of modern business, highlighting their combined effects on the value of the firm. We analyze the effects of corporate sustainability and the interactions of sustainability proxy and corporate governance practices on the value of 45 Saudi listed companies measured by Tobin’s Q during the period 2014–2022 using the True Fixed Effect model. Our results reveal that the average firm value efficiency of listed Saudi firms over a 10-year period is 87%. Our findings reveal that the interaction of corporate sustainability proxy and size of the board, number of board meetings, and board independence improve corporate value efficiency, while the interaction between corporate sustainability and ownership concentration has a negative impact on corporate value efficiency. Our research results indicate that sustainability initiatives can yield favorable effects on a firm’s value efficiency. Full article

This study examines the impact of corporate innovation on sustainable business investments of companies listed on the Korea exchange from 2011 to 2019. To this end, our study applies Hennessy’s investment model, which presents the relationship between corporate investment and Tobin’s mean $Q$ in a probabilistic space. We find evidence of a positive relationship between corporate investment and Tobin’s average $Q$. Greater corporate growth opportunities lead to greater business investments, whereas the expected recovery ratio of debt capital has a negative relationship with corporate investments. The innovation performance variable is positively associated with the investments. Our results are suggestive of business investments being determined by investment outcomes, rather than the financial resource inputs for corporate innovation. Our study holds significance not only in the academic dimension, but also in policymaking. Since corporate growth is the outcome of corporate investments, the government may establish and implement economic policies that induce such investments. Full article

The aim of this paper is to provide empirical evidence about the effect of organizational competition (OC) as a contextual factor on the relationship between the effectiveness of information technology governance (ITG), which informs accounting information systems, and the financial performance of banks. Financial performance is identified by return on investment (ROI), return on equity (ROE), and Tobin’s Q. Averages of these variables were calculated for five years from 2015 to 2019. In fact, there is evidence for the general argument that banks will improve their performance by implementing ITG. Specifically speaking, the basic idea presented in this study is that the relation between ITG and bank performance depends on the appropriate interaction and matching between ITG and the OC. The study population includes the senior managers of banks in Jordan. Accordingly, a questionnaire consisting of 16 paragraphs was developed and distributed to senior managers in 23 banks during January to May 2021. As a result, 142 valid questionnaires were collected, which represented 61.7% of the questionnaires expected to be collected. Data are analyzed and processed by using descriptive statistical measures, t-test, exploratory factor analysis, along with multiple regression. The results show that despite the significant effect of OC on ITG, no relation exists between the interaction of ITG and OC, and bank performance in the three proxies of performance. The results of the study suggest that either banks do not benefit from ITG to improve their performance or that the chief executive officers’ perceptions about ITG in their banks is erroneous. However, it should be clarified that the respondents could have been affected by their values and beliefs when evaluating effective ITG use in their banks. Full article