Journal of Governance and Regulation

Journal Information
ISSN / EISSN : 2220-9352 / 2306-6784
Published by: Virtus Interpress (10.22495)
Total articles ≅ 539
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Latest articles in this journal

Akinola George Dosunmu
Journal of Governance and Regulation, Volume 11, pp 100-111;

The efforts to reduce the widened effects of structural inequality for women in South Africa have resulted in varied experiences (Burns, Tomita, & Lund, 2017). The study problematised the unresearched and not well articulated social construct within the career experiences of women working in a telecommunication company in South Africa. This article argues that the meaning ascribed to the socio context and equity policy can better describe the dimension of the broader issue of gender inequality in post-apartheid South Africa. The study contributes to discourse analysis methods where discourse analysis was used to explain the experiences of three women who are senior managers with at least ten years of experience. The discourse-based understanding of the experiences of women in this study was reframed into and within the interactions of equity policy deliberation, societal factors and the organisational context model. These interactions allowed interpretation of the career choice for women and what it means for personal development. The model of career experience depicts strong alternative views on a career path for women. The results of this study provide unique findings for justice regulation in the workplace for women in South Africa.
, Hiba Zaki Shanti, Mehroz Nida Dilshad, Fatima Alzaabi, Saif Alkindi, Jawaher Alhammadi, Mariam Alnaqbi
Journal of Governance and Regulation, Volume 11, pp 86-99;

In this study, we have focused our attention on foreign exchange risk as it has gained the attention of many researchers all around the globe. In addition, the increased foreign exchange in the process of globalization significantly impacts the profitability and operations of enterprises (Nor, Masron & Alabdullah, 2020) making it essential to understand the topic in greater depth. Thus, the main purpose of the paper is to understand the contribution that was made regarding this topic. This study thus employed the bibliometric analysis to evaluate the literature on foreign exchange risk. Bibliometric analysis is a statistical approach used to represent developments in a research topic and identify future research directions (Chen & Yang, 2021). The bibliometric analysis was based on 487 documents spanning from 1969 to 2020. The visualization and content analysis results showed that the literature on foreign exchange risk has been growing, and a great deal of it has shown that foreign exchange risk significantly affects the overall performance of both local and multinational corporations. Many papers also concluded that an understanding of foreign exchange risk by investors and businesses can greatly affect their holdings. Based on this study’s exploration of current research streams in the field, directions for future research are proposed.
Antonius Alijoyo, Kevin Bastian Sirait
Journal of Governance and Regulation, Volume 11, pp 73-85;

It has been a general belief that the public’s perception can affect the firm’s value. Subsequently, many initiatives have been made by various governments to pull such effects on their listed firm. Particularly in Indonesia, one of those initiatives is known as Annual Report Award (ARA), whereby its participants are required to show their good corporate governance (GCG) practices. Thus, the purpose of this study is to investigate the 2018 ARA’s effect on the market performance of its listed firms’ categories. In which, the analysis focuses on the categories’ abnormal returns and the abnormal trading volume. Through the application of the event study methodology, the findings imply that the Indonesian capital market is more attentive to the participants within the financial state-owned enterprise category, and 2018 ARA has helped increase the participants’ abnormal return within the respective category. Although an increase in abnormal returns is not necessarily accompanied by an increase in abnormal trading volume, the findings also suggest that the 2018 ARA can influence participants’ stock returns across multiple market indices. Hence, the ARA event could influence the public’s perception and, simultaneously, bringing added value to its participants.
Journal of Governance and Regulation, Volume 11, pp 64-72;

This study aims to analyze the effect of income inequality and regional characteristics such as ethnicity and religion on conspicuous consumption for visible and invisible good types of households in the Indonesian regions by dividing regions into regions with low and high-income inequality levels based on the value median Gini index in Indonesia. The data set deployed in this study were pooled data collected from households provided by the Indonesian Central Bureau of Statistics 2017 and 2018. Employing the OLS method, we find that 1) income inequality has a negative effect on visible goods, and positive effect on invisible goods, 2) ethnicity and religion give an effect on visible and invisible goods. The government should pay attention to the phenomena of conspicuous consumption because numerous problems will likely arise if this conspicuous consumption is ignored. High conspicuous consumption would tend to lead to a materialistic lifestyle causing a higher inequality. In addition, the crime rate could equally increase given the high risk of conspicuous consumption in attracting others’ attention to individuals’ wealth.
Roberta Bajrami, Adelina Gashi, Kosovare Ukshini, Donat Rexha
Journal of Governance and Regulation, Volume 11, pp 55-63;

The Keynesian theory states that economic growth is positively affected by government spending, while Classical theory states that economic growth is negatively affected by government spending, as is stated by neoclassical public choice theorists (Nyasha & Odhiambo, 2019). Based on these theories, many authors have carried out research on the impact of economic freedom on economic growth by analyzing various empirical cases. Bergh and Karlsson (2010) with the findings from his paper confirmed that the countries with the highest government size have an elevated growth in the globalization index of KOF and the Fraser Institute’s economic freedom index. The main aim of this paper is to analyze the government size impact on the growth of the economy in the Western Balkan in the time period 2000–2017 according to Fraser Institute’s data, incorporating the following econometric models: fixed and random effects, pooled ordinary least squares (OLS), and Hausman-Taylor IV. With these models, this paper analyzes a government size and its components: government enterprises and investment, government consumption, transfers, and subsidies. The results illustrate a relationship between the size of the government and the growth of the economy in the Western Balkans that is positive. 1% increase in government size affects 0.29% gross domestic product (GDP) growth per capita. According to the Hausman-Taylor instrumental variable, 1% growth of government consumption is affected by 0.69% the decline in GDP per capita. The growth rate of transfers and subsidies affects 0.17% of GDP growth per capita and 1% of government enterprises and investment affects 0.54% GDP growth per capita.
Ayyagari Lakshmana Rao, Nikhil Kulshrestha, Gopalarathinam Ramakrishnan, Prakash Chandra Bahuguna
Journal of Governance and Regulation, Volume 11, pp 38-44;

Generally, the interest of stakeholders is to see the growth of their entities, also they benchmark their entities through business performance metrics or tools like return on equity, return on assets (Mishra & Kapil, 2018), earnings per share, gross profit margin, employee productivity, sales turnover, ratings given by prominent credit rating agencies, such as Investment Information and Credit Rating Agency (ICRA), Credit Rating Information Services of India Limited (CRISIL), Standard and Poor, etc. In addition to this, internal governance mechanisms, board of directors’ characteristics, their independence, transparency, concentration, and presence of employees in the ownership structure also influence financial and stock market performance (Braendle, Stiglbauer, Ababneh, & Dedousis, 2020). However, assessing the performance of entities through some of these limited angles is not always possible. One more criterion for assessing the performance of entities is corporate governance rating (CGR). However, it is not widely used as a tool to assess a firm’s performance in emerging markets. The present research paper is intended to address the scenario of corporate governance rating in Indian corporate world to assess a firm’s performance. With the help of majorly secondary sources of data, this study was conducted from 2003 to 2021 based on the CRISIL’s rating pattern. The results revealed that only 20 companies adopted the process of corporate governance rating. The findings showed the significance of corporate governance rating, its adoption and future research in the development of the rating mechanisms in India as well as in other emerging markets.
Madher Ebrahim Hamdallah, Anan Fathi Srouji
Journal of Governance and Regulation, Volume 11, pp 27-37;

This study aims to perceive the effect of financial entrepreneurship performance (FEP) over sustainable innovation (SI) disclosure in an emerging market. Jordanian banks are tested based on a multiple regression analysis for the periods 2008 and 2018 and a time series forecasting webinar analysis for the period from 2019 to 2029 based on data ranging from 2008 to 2018. Innovation is indicated through disclosed intangible assets (IA), and items related to research and development (R&D) costs. As organizations anticipate stability by concentrating on technological awareness to influence higher innovative performance (Guo, Guo, Zhou, & Wu, 2020), this study came to converse the relationships between previous literature variables; Hussain (2015) as well as Lassala, Apetrei, and Sapena (2017) revealed through the regression models that there is a relationship between FEP and SI. Meanwhile, bank FEP is directed by return on assets (ROA) and return on equity (ROE). Results reveal that bank FEP affects SI disclosure in a positive manner for the period 2008 and at a higher significant level than 2018. In the meantime, the growth prediction analyses divulge that both ROA and ROE are expected to decrease rapidly within a coming couple of years and then increase promptly.
Ibrahim Sulieman Al Qatawneh, Wesam Almobaideen, Mohammad Qatawneh
Journal of Governance and Regulation, Volume 11, pp 20-26;

Surveillance is becoming the norm in today’s life, especially with the pandemic of COVID-19. Surveillance of public crowds and activity is a controversial issue that can contradict the privacy of individuals (Federal Decree-Law No. (5) of 2012). This paper presents a comparative study of surveillance and privacy regulations and law in the UAE compared to the USA and the EU. The objective of this comparison is to highlight the amendments that have been adopted to improve laws and regulations, the need for further improvement, and the strengths and weaknesses in each of these countries. A discussion of different acts adopted in these countries and comparing them can help security experts to cooperate with legislators in order to rectify shortcomings and improve the acts adopted in their respective countries. Furthermore, we think that such a comparison can help system developers to find an easier way to accommodate the differences in security measures that they have to tackle and incorporate when they are serving customers in these countries and especially in the UAE. A legal framework has been proposed in order to define the maturity level of regulations adopted by a government in regard to surveillance and privacy laws and acts.
Desak Made Dwitya Sari Pebriyanti, , Suparna Wijaya, Ferry Irawan
Journal of Governance and Regulation, Volume 11, pp 8-19;

This study investigates the association between the CEO’s foreign experience and the CEO’s share ownership with tax aggressiveness. The research data is sourced from financial reports and annual reports of non-financial sector companies listed on the Indonesia Stock Exchange (IDX) from 2016 to 2019, obtained from Based on purposive sampling, the total sample in this study amounted to 88 observations. Hypotheses testing in this study employed multiple regression analysis for cross-section data. This study concludes that the CEO’s foreign experience is negatively associated with tax aggressiveness, and CEO’s ownership is not associated with tax aggressiveness. Returnee CEO can adequately analyze the costs and benefits related to tax aggressiveness, and it is found that if they carry out tax aggressiveness in Indonesia, the costs incurred will be greater than the benefits received. Meanwhile, the CEO’s ownership in Indonesia is still low, so it cannot affect the tax aggressiveness level. This research indicates that the Indonesia Tax Authority need to pay attention to the CEO’s experience when conducting audits and need to cooperate with the Indonesia Financial Services Authority (OJK) to measure how the company behaves in running its business, whether the returnee CEO carry out all business ethics only or adequately those related to tax aggressiveness.
Keith Harman
Journal of Governance and Regulation, Volume 10, pp 190-192;

Volume 10, issue 4 (special issue) of the Journal of Governance and Regulation is a special issue and as usual it is replete with cutting-edge research studies covering a wide array of important topics dealing with corporate governance and regulation. The special issue therefore reflects this statement from the editorial note policy of the Journal of Governance and Regulation, “providing a continuous development that enables our readers to outline the new and most challenging issues of research in corporate governance and related topics”.
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