Conceptual Framework and Research Methodology

Siti Nuryanah and Sardar M. N. Islam
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Siti Nuryanah: University of Indonesia
Sardar M. N. Islam: Victoria University

Chapter 3 in Corporate Governance and Financial Management, 2015, pp 63-102 from Palgrave Macmillan

Abstract: Abstract This chapter describes the conceptual framework of an integrated financial optimisation model for formulating sound financial management strategies in the context of good corporate governance (GCG) practices. The conceptual framework is developed to answer the main research question: What financial management strategies can help to achieve the benefits of GCG practices and how can they do this? From managerial and financial accounting perspectives the framework conceptualises and incorporates all factors relevant for sound financial management strategies for achieving the benefits of GCG practices. An integrated model that depicts the conceptual framework will then be tested and justified using a quantitative research methodology — namely a dynamic multi-period optimisation approach. Furthermore, proxies of GCG variables in the integrated model are carefully chosen so that the monetary effects of each variable of financial management strategies can be assessed and measured, thereby optimising the benefits of GCG practices which are to reduce risks and improve the value of a firm.

Keywords: Corporate Governance; Earning Management; Financial Management; Accounting Information; Capital Asset Price Model (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43561-3_3

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DOI: 10.1057/9781137435613_3

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