Mitch Van der Zahn, Mikhail I. Makarenko, Greg Tower, Alexander N. Kostyuk, Dulacha Barako, Yulia Chervoniaschaya, Alistair M. Brown and Helen Kostyuk
This paper seeks to provide a textual analysis of the anti money laundering practices of the central banks of Australia (Reserve Bank of Australia (RBA)) and Ukraine (National…
Abstract
Purpose
This paper seeks to provide a textual analysis of the anti money laundering practices of the central banks of Australia (Reserve Bank of Australia (RBA)) and Ukraine (National Bank of Ukraine (NBU)).
Design/methodology/approach
The analysis is performed two ways by both calculating a disclosure index and through use of textual analysis.
Findings
The results show very low levels of anti money laundering disclosures by both NBU and RBA with NBU usually showing more. Textual analysis reveals that the NBU is prepared to internalise its discussion on anti‐money laundering discussing wide‐ranging topics. There appears to be a concerted communication effort by NBU to tackle the issues of money laundering head‐on. Textual analysis of the RBA's four annual reports show a clipped discourse on anti‐money laundering, treating it as if it were a distant concern. Over the four year period, there is little acknowledgement in the way of RBA textual discourse that Australia is a jurisdiction of primary concern.
Originality/value
The value of this paper is that, it emphasizes that, if the globalised activity of money laundering is to be crushed further energies are needed to woo central banks from varied backgrounds into exerting their considerable resources toward anti‐money laundering enforcement.
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Keywords
The purpose of this paper is to test a link between the type of corporate ownership and business innovation activities, with application to Ukrainian joint stock companies.
Abstract
Purpose
The purpose of this paper is to test a link between the type of corporate ownership and business innovation activities, with application to Ukrainian joint stock companies.
Design/methodology/approach
The objective of the paper is achieved through conducting a series of observations of 42 of the largest companies of metallurgy and machine‐building industries for the years 1998‐2001. The theoretical scope of the paper is to identify the motives of owners in Ukraine which affect their views on innovation policy in companies which they own.
Findings
The research found that approaches of various groups of owners to the innovation policy differ and depend on the motives of their behavior at the market for corporate control. Thus, executives who owe companies, try to keep the control in their hands in order to set an abnormally high remuneration. This leads to the lack of funds to finance innovation projects because of cash flows reduction and absence of intentions to issue equity.
Originality/value
The value of this paper is that it explains an impact of ownership structure on market opportunities of companies via an impact on the business innovation parameters.
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Keywords
Gozal Ahmadova and Andrea Valenzuela-Ortiz
This study aims to understand what drives firms towards board gender diversity in emerging markets. The authors examine the effect of regulative, normative and cognitive pressures…
Abstract
Purpose
This study aims to understand what drives firms towards board gender diversity in emerging markets. The authors examine the effect of regulative, normative and cognitive pressures on board gender diversity and the moderating effect of national governance quality.
Design/methodology/approach
This study tested the hypotheses using unbalanced panel data for the period between 2014 and 2019, which includes 1,384 observations of 380 different firms located in emerging markets.
Findings
The results reveal that board gender diversity is directly conditioned by normative pressures (women’s economic and educational empowerment). This relationship becomes stronger if firms are located in countries with high governance capacity. Interestingly, this study finds that regulative and cognitive pressures do not enhance women’s presence on boards if they are not accompanied by strong national governance.
Originality/value
Although we have learned in recent years about how women’s presence on boards brings positive corporate outcomes, we know little about how country-level antecedents foster or hinder this gender diversity. This paper expands knowledge of the way gender-related institutions affect a firm’s board gender diversity, and these findings have policy implications for firms, policymakers, the government and other institutions.