Search Results (46)

For educational leadership that promotes equity, there is evidence of successful leadership practices developed by educational leaders striving for social justice, such as the one planned by Leithwood. Furthermore, training programs for educational leaders seeking to replicate these practices have been dominated by training that encourages educational leaders to focus on learning outcomes without developing a critical–reflective dialogue with the school context, the diversity of educational institutions, and, consequently, with students and their families. In this sense, the objective of the research is to examine the interaction between community members such as directors, teachers and parents in eight educational institutions in the Peruvian jungle and propose a formative theoretical model based on critical and reflective dialogue, based on a review of various theories that have contributed to the formation of a dialogue grounded in indignation and questioning of the context. The methodology follows a mixed approach, with a sample of 136 teachers and 16 key informants, using a validated questionnaire and an in-depth interview as instruments. Data analysis showed low interaction between educational leaders and the community, a disconnect with the curricula, and a low sense of responsibility and commitment, reflected only in administrative compliance. Based on these results and the bibliographic review of general and specific theories, a theoretical model based on critical and reflective dialogue was designed to develop awareness and sensitivity toward education with social justice, for the development of successful educational leadership practices. Full article

PK-12 Equity Directors (EDs) are tasked with addressing systemic inequities. The scope of their responsibilities is influenced by role configuration or placement within the organizational structure and the authority they are granted. Limited research has explored how role stress stemming from ambiguous or conflicting directives linked to role configuration affects EDs’ capacity to address systemic inequities. This organizational autoethnographic study examines how role stress because of my role configuration influenced my ability to address systemic inequities over 26 months, using reflective journal entries triangulated with artifacts and documents. The findings demonstrate that I experienced role ambiguity as my position had substantive unstructured time that sometimes made me feel I was not contributing to district goals of addressing systemic inequities. However, after recognizing my authority in different ways, this unstructured time allowed me to pursue projects aligned with my expertise and interests. I also encountered role conflict when leading employee teams who volunteered outside their contracted hours. The voluntary nature of their involvement limited consistent collaboration and forced me to be strategic about employee involvement in equity initiatives. The implications of this study suggest that supervisors should carefully balance EDs’ autonomy with structured support to foster sustainable equity efforts. Furthermore, district leaders must align volunteer committee members’ time commitments and expectations with the scope and demands of equity initiatives to ensure effective collaboration. Full article

Background/Objectives: Addressing health research priorities in public institutions is crucial for efficient resource allocation and policy impact. This study aims to describe the development of Peru’s Social Health Insurance (ESSALUD) 2023–2025 research portfolio, which aligns with institutional priorities and focuses on improving decision-making for population health. Methods: The Health Research Directorate (DIS) of ESSALUD led a structured three-phase process, engaging multidisciplinary teams and utilizing a group model-building approach to generate research ideas. Twelve working groups were established, corresponding to ESSALUD’s prioritized health topics, to identify key institutional challenges and propose research ideas. Results: A total of 338 research ideas were generated from 217 identified problems. These ideas were classified using the UK Health Research Classification System (HRCS) and scored based on nine dimensions to prioritize execution. Research ideas primarily focused on health services (57.7%) and disease management (16.9%). High-priority topics included cancer, mental health, malnutrition, and antimicrobial resistance. As a result of this implementation, ESSALUD resources were positively concentrated in the HRCS research activities ‘Health and social care services research’ (51.85%) and ‘Etiology’ (44.44%) for the period 2023–2025. Conclusions: The development of ESSALUD’s research portfolio identified key areas such as health services, health economics, and prevention, essential for evidence-based decisions and sustainability. Multidisciplinary participation ensured solutions aligned with real needs, promoting equity and continuous improvement in Peru’s health system. Full article

We investigated the relationship between corporate governance mechanisms and bank performance in the Nigerian banking sector. We focused on data from 2012 to 2022 extracted from the balance sheets of deposit money banks in Nigeria. We employed the Generalized Method of Moments (GMM) with Stata 13 and Python library to analyze the data. The research underscores the positive influence of non-executive directors and effective credit risk management on risk-adjusted return on assets in the Nigerian banking sector. Conversely, larger board sizes and higher levels of independence negatively impact performance. Notably, corporate governance variables do not significantly determine risk-adjusted return on equity, except for a negative association with lending rates. Practical implications include advocating for non-executive directors, optimizing board size and prioritizing robust credit risk management for enhanced financial outcomes. This research contributes to understanding the crucial role of corporate governance in the Nigerian banking sector, emphasizing its significance for prudent risk management and stakeholder confidence. Full article

This study investigates how CEO characteristics, board composition, and firm size influence the technical efficiency (TE) of energy firms. We aim to understand how these factors contribute to production inefficiencies, which may help explain fluctuations in oil prices. Using stochastic frontier analysis (SFA), we analyze data from 100 American energy firms over the period from 2006 to 2019. Our results show that inefficiencies in production are primarily driven by specific CEO traits, the size and structure of the board, and the overall size of the firm. Based on the findings of this study, we recommend focusing on the selection of executive managers with specific qualifications, particularly those with extensive experience in managing oil and gas companies. Leadership positions should prioritize seasoned managers with accumulated expertise in this sector, and preference should be given to candidates with advanced educational backgrounds. Encouraging CEOs to acquire equity stakes in the company can significantly boost the technical efficiency of oil and gas firms. Additionally, offering competitive salaries and performance-based bonuses may further enhance managerial effectiveness and drive technical improvements. In addition, expanding the size of boards of directors in oil and gas companies is also anticipated to positively influence their technical efficiency. Finally, pursuing mergers and acquisitions to grow the scale of oil and gas companies represents a strategic approach to improving operational efficiency while contributing to the stability of global energy prices. Full article

This study investigates the impact of corporate governance characteristics on bank financial performance in Gulf Cooperation Council countries. The board characteristics include board size, board independence, board gender diversity, and CEO duality (CEO is also Board Chair), with bank size as the moderating variable. Sixty-six commercial banks from six Gulf Cooperation Council countries—Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar—are examined from 2019 to 2023 using two-stage least squares and generalized method of moments econometric methods. Board size, board independence, and board gender diversity significantly increase return on assets and return on equity. The impact of CEO duality is mixed. The empirical findings show that CEO duality increases return on equity, with a non-significant impact on return on assets. Finally, results show that bank size moderates the impacts of board size, board independence, and gender diversity in boards on the financial performance of banks. Large banks significantly increase return on assets and return on equity due to the board characteristics examined, to a greater extent than small banks. Bank leaders should expand board membership, and add independent directors and women, to improve financial performance. Full article

This study assessed the accounting-based variables and value-based management (VBM) variables that jointly affect firm value and performance. The study applied the causality test and variance decomposition to determine the variability of the variables, and further empirically employed fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) techniques to justify the results. Data covering 356 industries were purposively sampled to arrive at 61 companies spanning 2011–2020. Overall, the causality test found no relationship between economic value added and market value added but only found unidirectional causality from shareholder returns to MVA, EVA to shareholder returns, ROA to MVA, ROE to MVA, EVA to MVA, MVA to EVA, ROE to ROA, EVA to ROA, and EVA to ROE. A very strong bidirectional causality relationship was found between return on asset and shareholder return as a measure of company performance. Further results from the forecast error of the variance decomposition showed that shareholder returns are explained only by its own shock, contributing 45.38 percent in the long run, while the remaining variables, namely market value added, return on asset, return on equity, and economic value added, contribute about 35.96%, 14.06%, 4.08%, and 0.51%, respectively, to predicting the future values of shareholder return. This confirms the relationships between the variables from the short run to the long run. Additionally, results from the FMOL and DOL revealed that all accounting variables and VBM are good approaches for evaluating company performance as the empirical result from ROA, ROE, and EVA revealed positive and significant relationships. This confirms that a combination of both variables would produce a better evaluation as the accounting variables and VBM variables jointly relate to shareholder returns. This study serves as a guide to companies’ management and boards of directors in having better ways to evaluate company performance. Consequently, it is recommended that managers select combinations of accounting and VBM variables that suit their operations and jointly apply them in the performance evaluation of the company. This will be useful in providing both the relative and incremental performance information needed for diverse decision-making. Full article

The board of directors appoints the audit committee to assess the financial performance of the firm. The audit committee uses reports provided by audit firms, such as Form 10Ks, and annual reports to assess firm financial performance. The degree of audit oversight quality is a governance measure, which, if effective, may reduce firm risk. This study measures the effect of three measures of audit oversight quality on insolvency risk, systematic risk, and volatility of return on assets for a sample of U.S. pharmaceutical firms and energy firms from 2010 to 2022. All measures of audit oversight quality reduced firm risk, with the first measure reducing both systematic risk and volatility of return on assets, the second measure reducing systematic risk, and the third measure reducing volatility of return on assets. As institutional ownership is also a governance measure, we tested whether its joint effect with audit oversight quality reduced firm risk. This hypothesis was supported for all three measures of audit oversight quality for systematic risk and for the third audit oversight quality measure for volatility of assets. Robustness was established by replicating the regressions with an alternate governance measure, which yielded similar results. Endogeneity of all audit oversight quality measures was absent due to lack of significance of leverage, firm size, equity multiplier, and firm value in reducing risk through their effect on audit oversight quality. Full article

The purpose of this study was to examine the key determinants of corporate governance in selected financial institutions. Using South African financial institutions as a unit of analysis, namely insurance companies and banks, the study employed a panel generalised method of moments (GMM) model using a data set for the period from 2007 to 2020, to assess key determinants of corporate governance proxies identified for the study. The study sampled 21 South African financial institutions composed of Johannesburg Securities Exchange (JSE) listed and unlisted banks and insurance companies. To measure corporate governance, the study developed a composite index employing the principal components analysis (PCA) method. The findings revealed a positive and significant association between the corporate governance index and its lagged variables. Furthermore, a significant and positive link was found between the efficiency ratio and corporate governance index and capital adequacy ratio (CAR); corporate governance index and firm size; corporate governance index and leverage ratio (LEV); and corporate governance index and return on assets (ROA). However, a negative and significant correlation was found between financial stability and the corporate governance index. The link between return on equity (ROE) and corporate governance was insignificant. A small cohort of financial institutions was excluded because it was challenging to obtain complete annual reports to extract the required data. The study was limited to only five corporate governance measures, namely board diversity, board size, board composition (independent non-executive directors and non-executive directors), and board remuneration. The findings are anticipated to persuade developing countries to pay special attention to how corporate governance is measured. Full article

The value of sport is extensively documented; however, there are still groups who do not have the opportunity to enjoy the benefits of sport due to lack of investment, particularly important for people with disabilities. A gap persists in understanding the effectiveness of inclusive sport programs in addressing equity-related targets, particularly on the effective methods of financing inclusion in sport for individuals with disabilities. Therefore, providing a platform for stakeholders to express their perspectives becomes crucial. Through focus groups and the World Café approach, the aim of this study was to gather insights from athletes, parents, professionals, and sport club managers regarding the funding of inclusive sport for people with disabilities. A total of 72 participants took part in nine focus groups in Portugal, Slovenia, and Hungary: 27 athletes with disabilities, 22 coaches, other technicians and parents, and 23 club managers/directors. Findings were divided into five topics: (1) perspectives on current funding satisfaction; (2) perspectives on sources and criteria for funding; (3) perspectives on ideal funding; (4) perspectives on ideas to reach decision-makers; and (5) proposals on ideal criteria for funding. Based on these findings, six measurable criteria for fair funding allocation were suggested that could develop a properly weighted system of criteria for decision-makers to assess the allocation of funding among inclusive sport organizations with the potential to catalyze broader policy and societal changes. Additionally, there is a pressing need to develop a funding model for inclusive sport for individuals with disabilities. Full article

Audit committees are appointed by the board of directors of corporations to oversee the financial reporting process, monitor financial control processes, hire and assess independent auditors, and communicate findings with management and auditors. We propose two new measures of audit oversight quality. The first measure is purely subjective, in that it scores audit committees on a scale based on their ability to fulfill one or more of their responsibilities, as mentioned in annual reports, Form 10-K and DEF 13A. The second measure concerns audit committee activity, as it measures the number of times the term ‘audit committee’ is mentioned in these documents. Both measures were obtained for U.S. pharmaceutical companies and energy companies from 2010 to 2022. The audit oversight quality measures were regressed in regard to profitability (measured by return on assets and return on equity), debt capacity (measured by equity multiplier), and firm value (measured by Tobin’s q and economic value added). Audit oversight quality, using both measures, reduces the return on equity. Audit oversight quality, using both measures, had a disciplining effect on debt. Increases in the oversight of increasing debt discourage the propensity to increase borrowing using collateral (debt capacity), and reduce investor returns through investment in debt-financed projects (return on equity). Audit oversight quality, using both measures, exhibited a size effect on the firm’s value, in that an increase in the firm size with high audit oversight quality increases the firm’s value. However, it is possible that only the first measure of audit oversight quality significantly increased the firm’s value, as only the first measure exhibited robustness to the endogeneity effect of size. Full article

Fintech companies are relatively young and operate in a rapidly evolving and ever-changing industry, which makes it important to understand how different factors, including shareholder presence in management roles, affect their performance. This study investigates the impact of shareholder presence in director and manager positions on the financial performance of Latvian fintechs. Our investigation centers on essential financial ratios, including Return on Assets, Return on Equity, Profit Margin, Liquidity Ratio, Current Ratio, and Solvency Ratio. Our findings suggest that the presence of shareholders in director and manager roles does not significantly affect the financial performance of fintech companies. Although the statistical analysis did not yield significant results, it is important to consider additional insights garnered from Cliff’s Delta effect sizes. Specifically, despite the lack of statistical significance, practical significance indicates that fintech companies in which directors and managers are shareholders show slightly better performance than other fintech companies. Beyond shedding light on the intricacies of corporate governance in the fintech sector, this research serves as a valuable resource for investors, stakeholders, and fellow researchers seeking to understand the impact of shareholder presence in director and manager roles on the financial performance of fintechs. Full article

This paper investigates the association between board of director (BOD) structures and CEO equity-based compensation (long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board size and board independence to measure the board structure. Furthermore, we investigate the influence of board structure on the association between CEO equity-based compensation and financial performance. Moreover, we compare conventional and Islamic banks in testing these relationships. Using a sample of 65 banks in MENA countries for the period between 2009 and 2020, we show a significant positive association between board size and CEO compensation. However, we find the same association between these variables for IBs, but the effect of board size on CEO compensation is less. We also show that board independence is negatively correlated with CEO compensation. Nevertheless, the relationship between board independence and CEO ownership is positive for IBs. For the moderating test, we find that effective board structure provides more incentives to the CEO, leading them to achieve higher financial performance. The Islamic bank’s business model (based on Shari’ah principles) contributes to the different influences of board structure on CEO compensation. Our results provide the insight that a strong and effective board is important for managing the executive’s compensation system. The findings of this study have implications for financial firms, policymakers, and regulators. Specifically, the study may help in understanding the benefits of different compensation structures relative to different types of financial firms. Full article

In 2012, China issued the “Green Credit Guidelines” policy to guide the green transformation of companies, and at the same time, the investment and financing behaviors of heavy polluters during the green transition have received widespread attention. In the view of the investment and financing maturity structure, we take China’s A-share listed enterprises from 2009 to 2021 assamples, and construct a difference-in-differences (DID) model to examine the implication of the green credit policy on the short-term financing for long-term investment (SFLI) of heavy polluters. We found that: (1) green credit policy can reduce the level of SFLI of heavy polluters; (2) the size of short-term debt and the level of over-investment can play a mediating effect, and government subsidies can weaken the relationship between green credit policy and SFLI; (3) this effect is more significant when directors, supervisors, or senior executives have a financial institution background. (4) this effect is not significant in enterprises with bank-firm shareholding relationships and a stronger innovation intensity; (5) the effect is more significant in areas with stronger environmental regulations. This paper argues that heavily polluting enterprises should reduce short-term debt financing and over-investment, so, to solve the problem of investment and financing term mismatch under the credit risk; banks should prevent the credit rent-seeking problem caused by the equity association between banks and enterprises, and promote the consistency of green credit standards. The government can provide subsidies to enterprises in green transformation and strengthen the construction of regional environmental regulations in order to guide the smooth innovation and upgrading of heavy polluters. Our research expands the study of the micro-economic consequences of green credit policy, providing references for how to reduce maturity mismatch risk and guide the smooth transformation of heavy polluters from the multi-perspective of the government, banks, and enterprises, thus helping to promote companies’ smooth transit. Full article

The quantity of teleworkers had already been rising in various work fields even prior to the COVID-19 pandemic. However, it was not until the pandemic that it spread to other sectors such as the industrial sector. There are still few studies looking at telework’s impact on this important sector. This article is intended to discuss: (1) the extent of teleworking in manufacturing, (2) its adjustment to the industrial sector (challenges and benefits), and (3) its prospects for the future. To this end, 31 in-depth interviews have been conducted with four Plant Managers and seven Human Resource Directors of 11 industrial companies in Burgos (Spain) and surroundings, as well as 20 of their workers. Pre-pandemic teleworking was only active in one of the enterprises and now there are workers that work remotely in 9 out of 11. All interviewees agreed that teleworking will gradually expand. The study shows concerns and challenges when it comes to communication, trust, control, and productivity. It highlights the importance of establishing clear policies on teleworking and how to deal with remuneration, expense reimbursements, and equity between teleworkers and on-site workers. Overall, industrial-sector teleworking has brought positive results in terms of productivity and job satisfaction levels, but it has also resulted in new demands on aspects such as ergonomics, negative habits (food and physical inactivity), communication, and work–life balance. Full article