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Article
Publication date: 14 June 2019

Elie Menassa and Nancy Dagher

This paper aims to examine the determinants and extent of corporate social disclosure (CSD) by UAE national banks and to investigate the changes in CSD before, during and after…

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Abstract

Purpose

This paper aims to examine the determinants and extent of corporate social disclosure (CSD) by UAE national banks and to investigate the changes in CSD before, during and after the latest financial crisis.

Design/methodology/approach

Deductive in nature, this paper uses content analysis of annual reports of 16 UAE banks over a period of six years (2006-2011) to test eight hypotheses related to size, financial performance and other variables as potential explanatory variables of the CSD extent over different periods.

Findings

The findings show that human resources and community disclosures exhibited the highest extent of CSD over the six years. Moreover, the size and financial performance variables appear to be significant explanatory factors for the extent of CSD. The findings also indicate a strong variation in disclosure between banks with international presence and those with no such presence, while there is no significant disclosure variation between Islamic and conventional banks or during the different periods under investigation (pre, during and post recent financial crisis).

Research limitations/implications

Studies allowing a greater understanding of how banks with extensive governmental ownership define and disclose CSR in this particular region of the world are scarce and exploratory in nature. Consequently, the structure of national UAE banks provides a unique opportunity to understand the CSR mechanisms and disclosure of similar institutions in the world (particularly in the Arab world). This presents an interesting direction for further research.

Practical implications

These findings could assist UAE bankers and policymakers in integrating CSD in their corporate strategies and help the local and international business communities in understanding the characteristics of CSD in the UAE.

Originality/value

Comprehensive in scope, this paper provides a complete assessment of the potential explanatory proxies of CSD by UAE local banks before, during and after the recent global financial crisis. Comparable studies of the UAE banking sector have mainly focused on particular bank types (i.e. Islamic or conventional) and did not consider the effect of the recent adverse financial climate.

Details

Social Responsibility Journal, vol. 16 no. 5
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 11 August 2021

Samah El Hajjar, Elie Menassa and Talie Kassamany

Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance in the post-Sarbanes–Oxley (SOX) period, this paper aims to…

332

Abstract

Purpose

Motivated by the findings of Bhabra and Hossain (2017) that highlight an improvement in US market performance in the post-Sarbanes–Oxley (SOX) period, this paper aims to investigate how this change varies with the methods of payment used for the deals.

Design/methodology/approach

Deductive in nature and using an event study approach, this paper uses a sample of 675 deals between 1999 and 2006 to test three research hypotheses in a pre-post setting.

Findings

Results show that at the aggregate level, there is a significant improvement in the market performance of US acquirers around the announcement day in the aftermath of the passage of SOX 2002. Considered separately, both US stock acquirers and cash acquirers did not experience any significant improvement in market performance in the post-Sarbanes–Oxley period. These results are robust to controlling for governance, firm and deal variables, as well as industry and year fixed effects.

Research limitations/implications

Exploratory in nature, the results are to be interpreted in light of the sample size and the period under investigation.

Practical implications

The results provide evidence for regulators and legislators on the contribution of SOX 2002 to curbing managerial misconduct. Significant improvement in the market performance also signals more confidence in managerial decisions and a reduction in agency problems. The insignificant change in stock acquirers’ market performance can be an indication that policymakers should exert more efforts to improve shareholders' confidence in the quality of disclosure.

Originality/value

This investigation provides unique insights on whether SOX has been effective in mitigating mispricing concerns associated with stock-financed acquisitions and whether it was effective in moderating the governance mechanism associated with cash-financed acquisitions.

Details

Journal of Financial Reporting and Accounting, vol. 21 no. 2
Type: Research Article
ISSN: 1985-2517

Keywords

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Article
Publication date: 1 June 2010

Elie Menassa

The purpose of this paper is to attempt to identify the type and quality of social information disclosed by Lebanese commercial banks and to report on the extent of these…

5026

Abstract

Purpose

The purpose of this paper is to attempt to identify the type and quality of social information disclosed by Lebanese commercial banks and to report on the extent of these disclosures and their relationship with size, financial performance, and other chosen variables.

Design/methodology/approach

Deductive in nature, this paper uses content analysis of annual report social disclosures of 24 Lebanese commercial banks to test six hypotheses related to the nature of social disclosures and their association with selected variables.

Findings

The findings provide evidence of the widespread use of this phenomenon by these banks as a means to communicate with their stakeholders. Moreover, results reveal that these banks attribute a greater importance to human resource and product and customers disclosures, whereas the availability and extent of environmental disclosure is still weak. In addition, a strong association is found between these disclosures and size and financial performance variables, whereas the relationship with the bank age is found to be a weak one. Finally, findings suggest no difference in social disclosure behavior between listed banks and banks with an overseas presence, and non‐listed banks and those operating only in Lebanon.

Research limitations/implications

Further longitudinal and causal analyzes would shed more light on the importance and determinants of this phenomenon in small and developing economies. One obstacle to overcome in this endeavor is the non‐availability of social and environmental databases similar to the ones used by researchers in developed countries. On the research front, this paper adds to the relatively small number of studies addressing issues related to corporate social disclosure practices by banks.

Practical implications

At the practical level, the paper attempts to inform corporate social responsibility (CSR) policies and practices of Lebanese banks which would result in more socially and ethically oriented banking activities in Lebanon.

Originality/value

Studies of CSR have generally been conducted in relatively large economies with active financial and stock markets. This paper tests and applies relevant accounting theories to a developing small economy and shows that even small family‐owned banks with high public visibility can exhibit strong social and ethical awareness.

Details

Journal of Applied Accounting Research, vol. 11 no. 1
Type: Research Article
ISSN: 0967-5426

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Article
Publication date: 13 July 2015

Deniz Ilter and Esin Ergen

The purpose of this paper is to present a strategic overview of the current literature on “Building information modelling (BIM) for Building Refurbishment and Maintenance” to…

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Abstract

Purpose

The purpose of this paper is to present a strategic overview of the current literature on “Building information modelling (BIM) for Building Refurbishment and Maintenance” to unfold the factors behind the relative underdeveloped state of the field and to contribute to the development of a more cumulative knowledge base by presenting the current status and suggesting future directions for research.

Design/methodology/approach

A systematic review of the literature has been undertaken by classifying and mapping the literature, identifying the input-output relations, exhibiting the areas focused on by researchers as well as neglected ones and by indicating the trends in research through the years. Both qualitative and quantitative analysis is used in the study to better interpret the existing studies in a holistic perspective.

Findings

Although the need for BIM in facility management (FM) has been acknowledged by researchers and practitioners, the results highlight that studies related to BIM applications in maintenance and especially refurbishment are relatively recent. However, the trend in published articles shows that the interest is continuously growing. Existing research in this field can be clustered in the following subtopics: (1) building survey and as-built BIM, (2) modelling and managing energy, (3) design assessment, (4) access to and integration of maintenance information and knowledge, and (5) information exchange and interoperability.

Originality/value

The paper identifies the gaps in the research domain that hinders a widespread adoption of BIM in refurbishment and maintenance stages and introduces roadmaps to surmount the challenges identified in each specific subtopic of the field.

Details

Structural Survey, vol. 33 no. 3
Type: Research Article
ISSN: 0263-080X

Keywords

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