Sustainability and corporate governance mechanisms in mexican beef production

Given the vital role of banks and other financial institutions in financial and economic stability, and also their great vulnerability to the potential imperfections of corporate governance and the need to maintain the depositors' funds and the stakeholders’ interests, the issue of corporate governance and eliminating its weaknesses and failures are extremely important in banking industry. In recent financial scandals and economic crises which banks and other financial institutions have had a leading role because of malfunctioning of their corporate governance mechanisms. Furthermore, in 2011, the occurrence of a massive financial embezzlement and existence of enormous deferred bank accounts in Iran banking system implies that there is a serious failure in banks' corporate governance for the experts in this field.Therefore this study attempts to prepare information about the current state of corporate governance in Iran banks and compares it with that of prosperous big banks in other parts of the world. Additionally, it is going to investigate the weak points of corporate governance in Iran banks in order to present an appropriate model for them. It also should be noted that we review all available related documents in Iran banks and interview the managers and experts to obtain valid feedbacks in this regard. Then, we review successful and unsuccessful experiences of famous international banks such as Bank of America, Toronto-Dominion Bank, J. P. Morgan, and HSBC, and their corporate governance structures to extract and model them. By comparing this model with those belonging to Iran banks we can realize almost any weakness existing in Iran banks. Finally we suggest an appropriate model for Iran banks to improve the efficiency and effectiveness of the mechanism of their corporate governance.

Purpose: This study provides a comprehensive bibliometric insight into the intellectual structure, performance trends, and thematic evolution of research examining the relationship between corporate governance and firm performance from 2000 to 2025. Despite the vast number of empirical investigations into governance–performance dynamics, a systematic science-mapping analysis integrating performance and intellectual network perspectives remains scarce. Methods: Data were retrieved from the Scopus database using a defined Boolean search string focusing on corporate governance mechanisms (e.g., board characteristics, ownership structure, audit committee, CEO duality) and firm performance indicators (e.g., ROA, ROE, Tobin’s Q). The final dataset included 1,245 peer-reviewed journal articles indexed under the Business, Management, and Accounting category. Analytical techniques included performance analysis, co-authorship mapping, keyword co-occurrence, and co-citation analysis using Bibliometrix (R) and VOSviewer. Findings: Results indicate a sustained annual growth rate of approximately 9.2%, reflecting increasing scholarly interest post-2010. The United States, the United Kingdom, and China dominate the publication landscape, while India and Malaysia emerge as rising contributors. Thematic clustering reveals four dominant research streams: (1) board structure and monitoring; (2) ownership and control mechanisms; (3) governance–performance mediators such as leverage and innovation; and (4) ESG-oriented and sustainability governance. Recent years (2019–2025) demonstrate a clear shift toward integrating sustainability, stakeholder theory, and digital governance. Implications: The study is limited to Scopus-indexed articles and English-language publications. Nevertheless, it provides an updated knowledge structure and a future research agenda for governance–performance scholarship. Originality: This paper is among the first to present a 25-year bibliometric synthesis of corporate governance and firm performance, mapping the field’s evolution from classical agency theory to emerging sustainability and digital governance paradigms.

PurposeChina has hitherto followed the US model of corporate governance, but recent crises suggest that that might not be the model to follow. This paper aims to consider that proposition.Design/methodology/approachThis is a comparative study of US and Chinese systems of corporate governance.FindingsCorporate governance is an alien concept for China. The establishment of the China company law system came later than western nations' corporate law system. Since 1992, China has made substantial progress in several areas of corporate governance. It is well known that for nearly a hundred years the American‐style corporate governance mechanism has been the model of the countries in the world. And China also follows the example of American corporate governance. Against the background of the global financial crisis, it is time to reflect upon the model of corporate governance in China.Originality/valueThe paper invites reflection on existing paths towards good corporate governance in China.

Enforcement more than regulations, laws-on-the-books, or voluntary codes is key to effective corporate governance, at least in transition and developing countries. Corporate governance and enforcement mechanisms are intimately linked as they affect firms' ability to commit to their stakeholders, in particular to external investors. Berglof and Claessens provide a framework for understanding these links and how they are shaped by countries' institutional contexts. When the general enforcement environment is weak and specific enforcement mechanisms function poorly, as in many developing and transition countries, few of the traditional corporate governance mechanisms are effective. The principal consequence in these countries is a large blockholder, but there are important potential costs to this mechanism. A range of private and public enforcement can help reduce these costs and reinforce other supplementary corporate governance mechanisms. The limited empirical evidence suggests that private tools are more effective than public forms of enforcement in the typical environment of most developing and transition countries. However, public enforcement is necessary regardless, and private enforcement mechanisms often require public laws to function. Furthermore, in some countries at least, bottom-up, private-led tools preceded and even shaped public laws. Political economy constraints resulting from the intermingling of business and politics, however, often prevent improvements in the general enforcement environment, and adoption and implementation of public laws in these countries. This paper - a product of the Global Corporate Governance Forum, Corporate Governance Department - is part of a larger effort in the department to help improve the understanding of corporate governance reform in developing countries.

This paper investigates how unique socio economic conditions have hybridized the Anglo-American corporate governance (CG) model in South Africa (SA). The paper evaluates two key questions. (1) Are the Anglo-American and the continental European CG models converging to a hybrid model?(2) How Does the infusion of the “ubuntu” philosophy and affirmative action rules into the Anglo-American CG model create a “hybrid” African CG model in South Africa? In making these assessments we explore the shareholder and the stakeholder models of CG and assess these models are converging. We next explore CG in SA and examine how the African “ubuntu” philosophy and the inclusion of the various affirmative action rules in South African CG have created a “hybrid” African CG model.

This bibliometric analysis aims to provide a thorough historical picture of Corporate Social Responsibility and Disclosure (CSRD) within the corporate world. For this purpose, we meticulously gathered and scrutinized a corpus of 496 articles that pertain to sustainability disclosures and corporate governance, spanning the period from 1995 to 2021. During this research endeavor, we made use of 'biblioshiny,' an interactive online interface made possible by R-Bibliometric studio's 3.0 toolset, to carry out a thorough Bibliometric analysis and conceptual exploration. Our investigation has discerned the Corporate Social Responsibility and Environmental Management journal as the foremost journal in terms of source impact. Notably, the centerpiece journal article emerges as 'Corporate Governance and Corporate Social Responsibility Disclosures,' which prominently features the burgeoning economies as a recurrently cited focal point. Examining the lexical landscape, our study spotlights the recurrent usage of specific terms across various elements, including abstracts, author-assigned keywords, additional keywords, and titles. The prevalent terms encompass 'corporate governance,' 'disclosures,' and 'sustainability.' meanwhile, Indonesia emerges as the most prolific contributor in terms of publications in this domain. In our pursuit of classifying the interconnected literature streams and ascertaining the evolving trends within corporate governance literature, we judiciously employed a conceptual framework. To this end, a co-occurrence network was meticulously constructed, elucidating four primary study streams: corporate governance, environmental reporting, sustainability, and corporate social responsibility disclosures. After thematic evaluation, we have developed a thematic map that is used for the understanding of the basic or transversal themes, emerging or declining themes, motor themes, and highly developed but isolated themes. These themes are used for future direction and highlighted the area that which have critical on the research areas. These thematic insights hold great potential for shaping future research directions and underscoring pivotal areas warranting profound investigation.

This study is novel research aims to investigate the impact of corporate governance mechanisms on stock price volatility in the Egyptian stock exchange through the role of the dividend policy as a mediating variable. The study examines certain corporate governance mechanisms such as: board independence, board size, number of board meetings, CEO duality, and audit committee. The study used quarterly data on EGX 30 for the period 2012-2021. It was based on a sample of 25 stocks traded in the Egyptian stock exchange, not including the stocks of the financial sector. Leverage and size used as a controllable variables. Results revealed that corporate governance has an impact on stock price volatility and dividend policy. Board independence, board size, board meetings and audit committee have a significant negative impact on stock price volatility of listed Egyptian companies. A good corporate governance practices is a good sign to reduce the fluctuations in stock prices. However, CEO duality and size has no impact on stock price volatility. Leverage has a positive significant impact on stock price volatility. Accordingly, CEO duality and leverage is a sign of poor corporate governance. Egyptian investors need to consider the issue of corporate governance practices alongside with the risk associated with expected return when taking investment decisions. A new dimension which added to investigate the interrelationship between corporate governance mechanisms and stock price volatility is dividend policy as mediator factor. Dividend policy is the outcome of good corporate governance practices and has an impact on stock price volatility. Corporate governance is important for stimulating the dividend payments which in turn affect stock price volatility.

PurposeThe purpose of this study is to examine the impact of corporate governance mechanisms on corporate financial decisions in one of the emerging economies, United Arab Emirates (UAE). In particular, the paper examines the degree to which internal corporate governance mechanisms and an external corporate governance mechanism affect UAE firms’ capital structure.Design/methodology/approachThe paper uses a multiple regression analysis to examine the association between corporate governance and capital structure for a sample of 71 UAE firms listed either in the Dubai financial market or the Abu Dhabi securities market during 2006.FindingsThe paper finds that institutional investors have a negative impact on debt‐to‐equity ratio. This result does not support the “active monitoring hypotheses” where institutional investors are expected to exercise their voting rights effectively in order to prevent managers from reducing their “employment risk” at the expense of the interests of shareholders. It also finds that dividend policy is negatively associated with debt‐to‐equity ratio, while firms’ size is positively associated with debt‐to‐equity ratio.Research limitations/implicationsEmpirical analysis suggests that corporate governance mechanisms have important implications for UAE firms’ financial policies. UAE managers should be aware of the benefits of the implementation of effective internal and external corporate governance mechanisms while embracing international corporate governance standards. An effective implementation of the codes of corporate governance should improve the efficiency and effectiveness of UAE firms and the UAE stock markets.Originality/valueTo the best of the authors’ knowledge, there is no study that has yet empirically examined the effect of the corporate governance mechanisms on capital structure in UAE or Middle Eastern countries. This study offers the first evidence of the impact of corporate governance mechanisms on capital structure in UAE.

Corporate governance mechanism is a form of supervision of the company to run effectively and efficiently to improve firm performance and value. The supervision that corporate governance mechanism provide is to lesser the agency conflicts due the different interest between manager and owner such earnings management that is detrimental to shareholders. This study examines corporate governance as a supervisory mechanism that aims to improve firm performance, value and minimize earnings management. Then, we analyze the possibility that corporate governance mechanisms can improve firm’s performance and value by controlling earnings management. Using data of banking companies from 2018-2019 then tested using partial least squares with the WarpPLS application, we found evidence that corporate governance mechanisms positively influence the company's financial performance. Corporate governance mechanism has a negative effect on firm value. Corporate governance mechanisms have a negative effect on earnings management. Then earnings management does not provide a mediating effect in the relationship of corporate governance with the company's financial performance and firm value.

PurposeThis paper aims to investigate the extent to which companies in one of the Islamic culture countries, Egypt, are complying with the Islamic implementation of the Anglo‐Saxon model of corporate governance and testing the impact, if any, of such compliance on mitigating of stock option fraud incentives.Design/methodology/approachA logistic regression model is used to examine the effects of board of directors, audit committee, ownership structure and other firm characteristics on the likelihood of stock option fraud. The analysis is based on the data for stock option grants obtained during the period from 2006 to 2009.FindingsThe results suggest that the rate of compliance with the Islamic implementation of the Anglo‐Saxon model of corporate governance in Egyptian public‐held companies is low. Weak corporate governance allows executives to exercise greater influence over the board of directors and audit committee decisions. Furthermore, a low level of disclosure, duality of CEO, high percentage of insiders in board of directors, auditor turnover, and management ownership are among the factors that increase the likelihood of stock option fraud in the Egyptian setting.Research limitations/implicationsThe results are constrained by the proxies used to define stock option fraud. Additionally, the limited number of companies with stock option grants in Egypt might affect the results.Originality/valueThis paper provides insights into exposing stock option fraud by Egyptian public‐held companies and sheds light on the effective role of corporate governance mechanisms to mitigate this phenomenon. This would help policy setters to enhance compliance with the Anglo‐Saxon model of corporate governance and develop a comprehensive Shari'ah model of corporate governance that reduces stock option fraud.

While corporate governance is an important mechanism for the success of any firm, the issue has attracted little interest in tourism sector. Therefore the main aim of this study is to highlight the corporate governance mechanisms of hospitality companies on Borsa Istanbul, so as to provide initial empirical evidence on corporate governance. The findings revealed that although the annual reports must give detailed information about corporate governance indicators, such as board of directors, top management and corporate governance rules compliance report, annual reports of analyzed companies do not satisfy those criteria and voluntary disclosure level is low. On the other hand, Public Disclosure Platform is the best resource for corporate governance and other information related to those companies. General corporate governance structure of the listed hospitality companies is comprehensible, but still they should spend much more effort in order to improve corporate governance mechanisms. The originality of the study lies in the fact that it considers a subject that is frequently neglected by tourism researchers in Turkey. Noteworthy contribution of this study is to offer a policy to hospitality companies to improve their corporate governance mechanisms.

Limited Shareholder Inspection Rights in Singapore: Worrying Legal Gap or Unnecessary for Rankings?

This study provides evidence on the value relevance of corporate governance mechanisms in a developing stock exchange. It empirically investigates the effect of corporate governance mechanisms prescribed by the corporate governance law (L.3016/2002) on abnormal stock returns for firms listed in the Athens Stock Exchange (ASE). The first corporate governance law in Greece aims to improve the existing corporate governance framework. However, stock prices seem no to be affected by the regulatory reforms in the corporate governance mechanisms. Three reasons are given: (1) the fundamental economic value of a firm is not affected by the introduction of corporate governance mechanisms; (2) the fundamental economic value of a firm is affected by the introduction of corporate governance mechanisms but due to the fact that the Greek stock market is not efficient share prices do not reflect firm’s fundamental economic value; and (3) investors may not be convinced that corporate governance mechanisms significantly affect the performance of a company.The findings of this study can facilitate legislators in improving the existing legislation concerning corporate governance and in developing a new one.

The investment climate in the country depends largely on the level of confidence of potential investors, which actualizes the need to provide transparent and quality financial reporting to economic entities. Powerful corporations that have established an effective corporate governance mechanism are able to provide high competitive advantage over the long term, contributing to their financial and economic stability. The purpose of the article is to determine the impact of corporate governance mechanisms on the quality of a company’s financial statements. The corporate governance rules in force in Saudi Arabia were developed in 2006, then revised twice in 2009 and 2015, and only finally approved in 2017. The survey was based on the results of an electronic survey of 56 Saudi financial analysts selected from their LinkedIn profiles (financial analysts were selected by respondents because they play a significant role in the capital markets and are users of financial statements). The author points out that the objectivity of the survey results can be enhanced by expanding the sample of survey participants. The questionnaire contained 11 questions about corporate governance and its contribution to improving the quality of the financial statements of the respective companies. The results of the survey have empirically confirmed that corporate governance is a factor contributing to improving the quality of financial reporting and, consequently, increasing foreign investment inflows, so compliance with the new corporate governance rules is extremely important for Saudi Arabia corporations. Improvements in corporate governance mechanisms are perceived by members of boards of directors, audit committees, and internal audit departments as one of the main factors in improving the quality of financial reporting. Keywords: corporate governance; Financial Statements; financial analysts; transparency of reporting; investors; Saudi Arabia.

PurposeThis paper aims to investigate the impact of corporate governance (CG) mechanisms on real (REM), accrual-based earnings management (AEM) and REM/AEM interaction in Jordan following the 2009 Jordanian CG Code (JCGC).Design/methodology/approachThe study used a sample of 108 Jordanian public firms covering 2010-2014. Hypotheses are tested using pooled OLS-regression models.FindingsThe authors find that both institutional and managerial ownership constrain the use of REM and AEM. In contrast, both independent directors and large shareholders are found to exaggerate such practices, and CEO-duality is found to exaggerate REM only. However, foreign ownership does not appear to have a significant impact. They further find that managers use REM and AEM jointly to obtain the greatest earnings impact.Practical implicationsThe findings have important implications for policymakers, regulators, audit professionals and investors in their attempts to constrain earnings management (EM) practices and improve financial reporting quality in Jordan.Originality/valueThe authors believe this to be the first Jordanian study examining the relationship between CG mechanisms and both REM and AEM following the introduction of the 2009 JCGC, as well as the first in Jordan and the Middle East to examine board characteristics and REM. Moreover, it is the first to test for the potential substitution of REM and AEM since the 2009 JCGC enactment. As such, the findings draw attention to EM practices and the role of monitoring mechanisms in Jordan.