Treasury shares have a significant role in companies and capital markets’ regulations. As a result, it gained the attention of legislators and legal scholars. This paper examines the regulatory rules ...regarding treasury shares in Kuwaiti law, its philosophy, and practicality. The paper adopts a comparative, analytical approach addressing the historical evolution of treasury shares and comparing related regulations and legal provisions in many jurisdictions. With comparative law at hand, this paper aims to thoroughly examine the concept of treasure shares and their legal nature, their characteristics, buy-back procedures, treasury shares’ relation with the company’s capital structure, and ultimately, the uses of treasury shares. By analyzing Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and Law No. 1 of 2016 Regarding Companies Law and by incorporating comparative law such as Swiss, German, Swedish, Danish and other laws, this study demonstrates different matters related to treasury shares that are not yet regulated in Kuwait. The research assesses the legal provisions governing treasury shares, addressing matters such as shareholder rights, voting power, and market manipulation concerns. It argues for regulatory reform to further enhance the provisions governing treasury shares. As a result of the analysis given, recommendations are provided to enhance the regulatory framework in Kuwait.
This study aimed at identifying the impact of the ownership structure on the stock returns of the public companies listed in the Palestine Stock Exchange. In order to achieve this goal, panel data ...for the period from 2009 to 2019 was collected from the financial reports of the 46 public companies listed in the Palestine Stock Exchange. In this study, the fixed-effect method was used in the analysis of the study's panel data. The results of the study showed a positive effect of the ownership of major shareholders on equity returns and a negative effect of the ownership of board members on equity returns. Furthermore, the study found no significant effect of institutional ownership, foreign ownership or executive-management ownership on equity returns. In light of the study's findings, the study made several recommendations to investors, legislators and board members regarding the ownership structure and stock returns.
Purpose: The aim of this research was to examine how the Activity-Based Costing system (ABC) affected product development in Jordanian manufacturing public shareholding companies.
...Design/methodology/approach: According to the monthly statistical bulletin of the Amman Stock Exchange and the Securities Depository Center, the study population for the year 2022 included (56) Jordanian industrial firms. The questionnaire was distributed to the financial manager, production manager, sales manager, and accountant. In comparison to the total number of circulated questionnaires, (132) were authorized for statistical analysis. Regression analysis and correlation were used to analyze the data and extract results related to the statistical methods used in the study, namely, descriptive statistics, Cronbach's alpha equation, Pearson's correlation coefficient, and linear regression analysis.
Findings: The study revealed that there is a connection between the ABC system and product development in Jordanian industrial companies, where this approach contributes to the improvement and development of products by tracking the stages of production since its inception and concentrating on activities that add value to the company and eliminating activities that do not add any value, naturally improving the competitive position of the company.
Research Practical implications: Hence, one of this study's main findings suggests developing strategies for methodically and practically gathering comprehensive data on the company's operations. The study advised that Jordan's industrial public shareholding companies stay up with recent advancements in the field of activity-based costing.
Originality/value: This study recommends that for the company to stay up with the acceleration in advancement in the areas of activity costs and the employment of latent capabilities for the company's advantage, the study also recommended that the company train its employees to develop their capabilities to serve its strategies. As the findings also reveal that most of the manufacturing firms in Jordan have the infrastructure to adopt and implement the ABC system.
Purpose: The aim of this study is to examine the possibility of the risk associated with electronic auditing by identifying the relationships between the various internal control aspects (control ...activities, control environment, monitoring, information and communications, and electronic disclosure)
Theoretical framework: The Jordanian Industrial Public Shareholding Companies as other sectors, apply standards for internal audit that set by experts and electronic auditing using a new electronic technique that may affected by IC and ED.
Design/methodology/approach: The descriptive statistics used to describe the electric questionnaire responses of the study sample using SPSS statistical analysis. The study population was made up of the finance department personnel and financial managers of the 45 public shareholding businesses, and 225 companies that were listed on the Amman Stock Exchange up until the end of December 2021.
Findings: The results show that in Jordanian public shareholding businesses, risk assessment with its aspects (internal control and electronic disclosure) had a statistically significant influence on reducing audit risk in their dimensions (control risk, inherent risk, and discovery risk). In addition, the study determined that electronic disclosure had a statistically significant impact on lowering audit risk in Jordanian public shareholding corporations.
Research, Practical & Social implications: The implications for Practice of the adoption of electronic systems will raise the risks to the confidentiality and reliability of accounting data. This is the purpose of electronic auditing, since it decreases the possibility of misrepresentation and manipulation of accounting data provided electronically. Further study can involve many countries in the region so as the conducted results can be widespread and globalized.
Originality/value: The study among the first highlighted the impact of internal control and electronic disclosure for the risk associated with the electronic auditing in the Jordanian Industrial Public Shareholding Companies.
Performance management (PM) is a common practice used by organizations to assess and manage employees’ work. Much of PM research is closely related to management practices. Corporations in the public ...and nonprofit sector continuously develop PM programs to ensure the sustainability of their organizations. The study aims to analyze the impact of strategic human resources planning on the organizational performance of Jordanian public shareholding companies for senior management and functional unit managers (human resources, marketing, finance, and accounting). The researchers surveyed all the public shareholding companies registered with the Jordan Securities Commission (JSC) in 2019, wherein they found that only 60 companies applied strategic planning and human resources planning (HRP) together. Two hundred and twenty questionnaires were distributed in 52 companies surveyed, and 203 were adopted for statistical analysis. Several statistical methods were used, most notably the multiple regression analysis. The researchers found out a statistically significant impact of the strategic human resources planning (integration of HRP and strategic planning; strategic participation) on organizational performance. The results showed that adopting the strategic HRP dimensions leads to an increase in an organization’s overall productivity, employee satisfaction and reputation, as well as reduced operating costs. HR managers must understand the effectiveness of strategically designed HR practices across functions.
China's urbanization has created a large number of urban villages which, although they have been transferred to urban administration, have maintained their collective economies. Using a comparative ...perspective, this article investigates how villagers, the village collectives and the urban administration organize community governance in three urban villages on the fringes of the cities of Guangzhou, Wuhan and Shenyang. The findings suggest that successful village collective shareholding companies play a leading role in community governance by providing villagers with economic and social welfare, subsidizing community administration services, and mobilizing residents. The comparative analysis also shows that village shareholding companies employ different mechanisms based on the varied histories of their village collective economies, the ability of the village collectives to mobilize resources, and the degree to which the village collectives are engaged in the grassroots administrative structure. The article argues that the “not rural but not urban” governance mode of the urban villages illustrates China's fragmented urbanization planning. At the same time, it illuminates the dynamics of state–society relations during China's urbanization and how landless villagers and village collectives respond to urban transformation by adopting different strategies to preserve their individual and collective interests. 中国的城市化产生了大量的”村转居”社区。这些社区一方面属于城市行政管理, 另一方面又保留着原有的村集体经济。本文对广州, 武汉和沈阳三地”村转居”社区的管理模式进行了比较研究。其结果显示, 成功的村集体股份公司通过向村民提供生活和社会保障, 承担部分社区服务, 和组织居民参与社区活动, 从而在”村转居”社区治理中处于主导地位。由于当地集体经济的发展历程, 其组织动员居民的能力以及参与社区管理的程度存在差异, 三地的村集体股份公司表现出不同的”村转居”社区管理模式。本文揭示了”村转居”社区存在”村不村, 居不居”的管理模式。这一方面是因为城市化进程缺乏全面系统的规划。另一方面也体现了在城市化过程中, 失地农民与村集体经济采用多样化的方式来维护个人和村集体的利益, 从而影响了社会与国家组织之间的互动。
This article examines the process of neoliberalization in the Shenzhen special economic zone in Guangdong Province, China. Building on the case study of a former peasant and almost single-lineage ...village that has become a part of the city of Shenzhen, I show how neoliberal principles aimed at advancing the transition to capitalism are combined with and countered by other ethical traditions. Owing to the long-standing conception of the lineage as an enterprise, the maintenance of the lineage structure in the transformation of the rural collectives has offered fertile ground for the emergence of a local capitalist coalition. Yet the current discourses on the necessity of obliterating the remains of the collective economy and introducing individual ownership run counter to the collectivist values of the lineage village community and the embeddedness of its economy in kinship and territorial ties. I further illustrate this discordance by the way in which the villagers managed to save their founding ancestor's grave site following government requests to clear the land by removing tombs. These policies form a complex blend of state interventions in the economy, neoliberal governance, and Confucian principles.
The Analysis on Power Migration Chen, Jun-Home; Liu, Jyi-Shane
2017 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining (ASONAM),
07/2017
Conference Proceeding
The aim of this study is to determine the relationships of the direct interlocking shareholding companies using Social Network Analysis (SNA) and Geographic Information System (GIS). The study ...examines the shareholding company behavior between holding company and controlled company. The study also examines the geographic clustering among the type of industries. Finally, we use social network analytics to study long-term corporate power migration issue through progeny networks. The result shows that there is a significant geographic cluster in shareholders and their controlled companies. In this case, our analytics to corporate power migration through progeny networks has good effect.
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