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This study aimed to investigate how family involvement in management (FIM) affects market valuation and whether this effect is influenced by the presence of founder chief executive officers (CEOs) and the dual role of their CEO positions.

Tobin’s Q ratio measured market valuation, while FIM was measured by the ratio of family managers to the total number of board of directors (BOD) seats. Additionally, the appointment of founders to CEO positions and the dual role of their CEO positions were used as moderators. As a panel data technique, the dynamic generalized method of moments (GMM) estimator was employed for a sample of 85 Egyptian-listed firms from 2011 to 2018.

The findings revealed that FIM negatively affects market valuation; hence, the more family managers serving on the BOD, the lower the firm’s market value. Moreover, the findings showed that the impact of FIM on market valuation is mitigated by the presence of founder CEOs and the dual role of their CEO positions.

This study highlights the negative repercussions of FIM on firm value and the urgency of professionalizing the family business through an independent BOD and ensuring more effective monitoring systems.

This study aimed to investigate the effect of family ownership (FO) and family control (FC) on firm preference for debt financing and to test whether FC affects the association between FO and debt financing.

Debt financing was measured by the total debt to total assets ratio, whereas FO was proxied by family-individual, family-institutional, and family-total shares. Additionally, the appointment of family members, founders, and descendants to CEO positions and the dual role of their CEO positions were used to proxy FC. As a panel data technique, the dynamic estimator of the generalized method of moments (GMM) was employed for a sample of 80 Egyptian listed firms during the 2011–2018 period.

The findings showed that debt financing is positively affected by family-individual shares and family-total shares and negatively affected by family-institutional shares. FC, as proxied by family and founder CEOs, and the dual role of their CEO positions has led to more debt consumption as a mechanism to preserve family dominance over the business. Conversely, the presence and the dual role of descendant CEOs have led to less debt utilization due to their risk aversion behavior. Additionally, we showed that the association between FO and debt financing is affected by various FC patterns.

This study highlighted that firm preference for debt financing is affected by the noneconomic motivations of family CEOs, such as preserving family socioemotional wealth.

The purpose of this paper is to empirically analyze and identify key factors affecting working capital behavior of companies listed on the Egyptian Stock Exchange.

Working capital requirement and cash conversion cycle were used to proxy working capital behavior. The study explored nine main factors widely discussed in previous research to explain working capital behavior: operating cash flow, growth opportunities, performance, firm value, age, size, leverage, economic conditions and industry type. The study employed a panel data analysis for 68 listed Egyptian industrial firms for the period 2000–2010. Different techniques of the generalized method of moments were used to test the validity of the research hypotheses.

The results show that working capital behavior is affected by various factors related to firm characteristics, economic conditions and industry type.

This study provides financial managers with a better understanding of the impact of different internal and macroeconomic factors on working capital behavior in an emerging market, such as Egypt’s.

Years after the 2011 uprising Egypt, it seems that the country’s non-Islamist parties are still included in the political game. After significant alterations in their political sphere by mid-2013 at the advent of the Muslim Brother exclusion and the subsequent discrediting of Salafi al-Nour party, non-Islamist parties took clear part in the mobilization for presidential elections (2014, 2018) and competed for legislative seats in 2015. Nonetheless, it is difficult to expect them to turn into long-term key political players with clear-cut ideological postures, unique platforms and strong grass root mobilization. With the exception of the electoral gains scored by numbered parties like Free Egyptians’ party and Nation’s Future in 2015 legislative elections, these parties seem to be lagging behind esp. in terms of their popular base; who became winners at the advent of the radical exclusion of the MB from July 2013 onwards.

This paper is based on archival research and guided by basic assumptions of rational choice institutionalism, mainly game-theoretic versions of the approach. It is divided into four sections, three of them are chronological and the last one is thematic.

Egypt’s non-Islamists engaged in the post-2011 political sphere, with strong Islamist rivals crippling their political chances in the first two years following the 2011 uprising. They surely capitalized on the exclusion and discrediting of the latter, but they suffered lack of ideological clarity and fragmentation from 2011 onwards with no enough evidence these weaknesses were surpassed after Islamists were “out of their way”. The only strand of non-Islamist parties which came out as “game winners” were those possessing the resources and enjoying overt “friendly” relations with al-Sisi regime. Nonetheless, internal conflicts inside key secularist parties shed light on their capacity to turn into long-term players in Egypt’s political sphere.

Very few papers were published on Egypt’s secularists parties after the 2011 uprising from the perspective of the alteration that occurred in their political environment affecting their political weight and gains. More generally, literature on non-ruling parties in authoritarian contexts mostly reduce these parties to secondary roles allocated by ruling regimes. The paper seeks to overcome both shortages.

This paper analyses the Mohammed cartoons controversy, the boycott of Danish products in the Middle East, and the consequences for the Danish companies involved.

The objectives have been achieved by means of a ideology‐critical discourse analysis of Danish newspaper articles on the subject.

The wider ramifications of an insult and freedom of expression discourse are shown. Managerial consequences of the boycott are outlined for Jyllands‐Posten and Arla Foods.

The paper is of value for researchers and managers who want to understand the politicisation of markets and the major consequences for management and marketing strategy.

Modern slavery is a significant issue addressed in the United Nations’ Sustainable Development Goals. In 2015, the UK Government introduced the Modern Slavery Act as part of a crucial broader set of initiatives that aimed to attack modern slavery. Regardless of the initiatives taken to mitigate this risk, little is known about how modern slavery disclosure affects corporate financial performance (CFP). Hence, our study aims to examine the impact of MSD on CFP empirically. It also examines the moderating role of governance quality on the MSD–CFP nexus.

We use computer-based content analysis to assess MSD levels for a sample of non-financial companies' annual reports. We use regression analysis to test our research hypotheses for a sample period of 2013–2019 for Financial Times Stock Exchange (FTSE) All-Share non-financial UK firms. Our sample consisted of 786 observations.

We provide new empirical evidence that externally communicating modern slavery information in annual report narratives is associated with CFP. The finding is in line with stakeholder theory, which states that engaging in social responsibility practices and responding favourably to the stakeholders’ interests and desires would enhance corporations’ reputation and ultimately improve their performance. We further highlight the role of governance quality in this nexus and find that the interaction between governance quality and MSD is negative, suggesting a replacement effect.

Our findings can be of interest to government, policymakers and other stakeholders. Policymakers need to establish a new, broader set of enforcement arrangements for MSD that may lead to better CFP.

Our research idea is original as it links emerging global issues (e.g. MSD) with traditional corporate concerns (financial performance) in a way that is likely to provide new insights as well as managerial and policy implications.

The foreign intervention in Libya in 2011, legitimized by the Security Council Resolution 1973, whose veto is a privilege of solely five most powerful countries (at least from post-1945 war standpoint), not only reveals that same practice of the past still valid in international affairs today but also results in overthrowing Gaddafi regime, and most importantly in destabilizing a once stable nation, which can now be seen as a failing state.

This study aims to provide the intellectual structure of the academic literature on board characteristics and corporate social responsibility disclosure (CSRD) and corporate social responsibility performance (CSRP). To do that, the authors analyse the main theories, data sources and methodologies used by researchers, providing information on methodological bias and research gaps. Beyond that, this study offers a novel picture of the most critical drivers of CSRP/CSRD and offer constructive suggestions to guide future research.

A content analysis was performed on 242 articles extracted from the Web of Science database from 1992 to 2019.

Results indicate that board characteristics have a significant and increasing impact on corporate social responsibility (CSR) literature. The results also revealed that the board practices play a crucial role in managing CSRP/CSRD-related issues. The study also identifies the effect of the critical board characteristics on CSRP, CSRD quantity and CSRD quality. Furthermore, the study findings provide an overarching picture of the patterns and trends of the systematic nexus between board characteristics and CSRP/CSRD quality and quantity.

The study findings help provide an overarching picture of the systematic nexus patterns and trends between board characteristics and CSRP/CSRD quality and quantity. These results draw potential future avenues to bridge the void in the current board–CSR literature by presenting fruitful and indispensable directions for future research (governance mechanisms, new methodologies, variables, countries, etc.). It also suggests multidimensional and in-depth insights for reforming the board of directors’ guidelines.

To the best of the authors’ knowledge, minimal attention has been paid to systematising the literature on board and CSR.

Although listed firms in Africa are increasingly establishing board sustainability committees, their impact on corporate outcomes in the region remains relatively understudied. This study investigates the effect of executive compensation (EC) and board sustainability committee initiatives (BSCIs) on both self-reported greenhouse gas emission reduction initiatives (SRGI) and actual greenhouse gas emissions (GHGE).

Through the lens of resource-based view and legitimacy and stakeholder theoretical perspectives, the study conducts a fixed-effects model over a dataset of 2,310 firm-year observations from African countries between 2002 and 2022.

The findings show that while EC has a negative impact on SRGI, it does not have a similar effect on outcome-based GHGE reduction. The study observes that SRGI has no effect on actual GHG emissions. We add a fresh dimension to the literature by documenting that BSCIs are associated with greater outcome-based GHGE but do not seem to improve symbolic SRGI. The evidence shows that BSCIs have no moderating impact on the association between symbolic SRGI and outcome-based GHGE. Finally, the study establishes that the predicted associations vary across different periods.

This study helps unpack the role of the board sustainability committee, which Orazalin et al. (2024) show has key economic implications. The findings help stakeholders including corporate boards, executives and regulators to understand how board sustainability committee characteristics and EC are associated with GHG emissions. The results are particularly essential as this study demonstrates the need for specific standards for disclosing GHG emission-related information, notably in the non-existence of mandatory GHG reporting.

We examine the relationship between board demographic diversity, board structural diversity, board capital diversity and corporate carbon performance (CCP). Additionally, we investigate how corporate sustainable resource use mediates these relationships.

We utilize unbalanced panel data from Refinitiv Eikon covering 9,960 global firms from 2002 to 2022. We conduct a panel regression analysis to examine the relationship between board demographic diversity, board structural diversity, board capital diversity and CCP. In addition, we estimate entropy balancing estimation and two-step system GMM to address endogeneity issues.

The results indicate that board demographic diversity (including tenure, gender, and cultural diversity), structural diversity (such as board independence, board size, CEO-chairman duality, board meetings, and board compensation), and capital diversity (comprising board member affiliation and specific skills) all have a positive and significant association with corporate carbon performance. Additionally, our findings reveal that corporate sustainable resource use fully mediates the relationship between board demographic diversity and CCP and partially mediates the relationship between board structural diversity, board capital diversity, and CCP.

Our study findings are based on a diverse range of global firms, ensuring that the results address the global challenges of firm-level climate change response and governance issues.

Our group diversity constructs offer new insights into the literature and further advance research on board group diversity. Additionally, for the first time, we explore the mediating role of sustainable resource use through the resource-based view (RBV) between-group diversity attributes and corporate carbon performance.