IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vixy2021i1p52-65.html
   My bibliography  Save this article

Institutional Governance Practices in Jordan Government Units

Author

Listed:
  • Khleef A. Alkhawaldeh

Abstract

Purpose: This research paper aims to examine institutional governance practices in Jordan government units. Design/Methodology/Approach: Institutional governance practices incorporates the following aspects, legislation, structure and organization, policy and decision-making, human capital management, operations and procedures, financial management, resources management, performance management, and institutional culture. These institutional governance practices have been assessed by leaders responsible for institutional development in government institutions and companies listed in Government Units Budgets Law. Findings: The findings indicate that the institutional governance practices and their related aspects exceed the average level. The research concludes that governance practices incorporate conforming to specifications and complying with frameworks, guidelines, and standards. They are improving the quality of delivering services and at the same time optimizing the use of resources, which enhances the trust in institutions and companies. Practical Implications: Similar institutions and companies may use this assessment approach to assess governance practices and bridge the gaps or undertake further enhancements accordingly. Originality/Value: To the best of the author's knowledge, previous studies have concentrated mainly on top management and board of directors' governance and focused on governance aspects. This study examines governance practices at the fundamental institutional level, incorporating the institution set-up, structure, frameworks, systems, processes, and machinery of an institution that ensures good governance efficiency, effectiveness, and overall performance.

Suggested Citation

  • Khleef A. Alkhawaldeh, 2021. "Institutional Governance Practices in Jordan Government Units," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 52-65.
  • Handle: RePEc:ers:ijebaa:v:ix:y:2021:i:1:p:52-65
    as

    Download full text from publisher

    File URL: https://www.ijeba.com/journal/657/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marwan M. Abdeldayem & Saeed H. Aldulaimi, 2018. "Corporate Governance Practices in Higher Education Institutions: The UK vs Bahrain," International Journal of Learning and Development, Macrothink Institute, vol. 8(4), pages 29-43, December.
    2. Reena Aggarwal & Isil Erel & René Stulz & Rohan Williamson, 2010. "Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences," The Review of Financial Studies, Society for Financial Studies, vol. 23(3), pages 3131-3169, March.
    3. Ari-Veikko Anttiroiko, 2017. "Emulating models of good governance: learning from the developments of the world's least corrupt countries," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 13(1/2), pages 21-35.
    4. Tutik Arniati & Dyah Aruning Puspita & Aminul Amin & Kashan Pirzada, 2019. "The implementation of good corporate governance model and auditor independence in earnings' quality improvement," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 188-200, September.
    5. Supriti Mishra & Pitabas Mohanty, 2018. "Does good governance lead to better financial performance?," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 9(4), pages 462-480.
    6. Taye Demissie Beshi & Ranvinderjit Kaur, 2020. "Public Trust in Local Government: Explaining the Role of Good Governance Practices," Public Organization Review, Springer, vol. 20(2), pages 337-350, June.
    7. Emad Awadallah, 2020. "Measuring the effectiveness of selected corporate governance practices and their implications for audit quality: evidence from Qatar," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 10(1), pages 24-47.
    8. Polonca KovaÄ & Nina TomaževiÄ & Anamarija Leben & Aleksander Aristovnik, 2016. "Reforming public administration in Slovenia: between theory and practice of good governance and good administration," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 12(3/4/5/6), pages 130-148.
    9. Aiwanehi Barbara Ofuani & Abdul-Hameed Adeola Sulaimon & Sunday Abayomi Adebisi, 2018. "Corporate Governance Practices: A Comparative Study of Selected Public Corporations in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 192-202, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Enikolopov, Ruben & Petrova, Maria & Stepanov, Sergey, 2014. "Firm value in crisis: Effects of firm-level transparency and country-level institutions," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 72-84.
    2. Miletkov, Mihail K. & Poulsen, Annette B. & Babajide Wintoki, M., 2014. "The role of corporate board structure in attracting foreign investors," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 143-157.
    3. Wei, Shang-Jin & Tong, Hui, 2012. "Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competiti," CEPR Discussion Papers 8836, C.E.P.R. Discussion Papers.
    4. Rüdiger Fahlenbrach & Angie Low & René M. Stulz, 2010. "The Dark Side of Outside Directors: Do they Quit When They are Most Needed?," Swiss Finance Institute Research Paper Series 10-17, Swiss Finance Institute.
    5. Alexander Merz, 2020. "Expensing performance-vested executive stock options: is there underreporting under IFRS 2?," Journal of Business Economics, Springer, vol. 90(3), pages 461-493, April.
    6. Saddam A. Hazaea & Ebrahim Mohammed Al-Matari & Saleh F. A. Khatib & Khaldoon Albitar & Jinyu Zhu, 2023. "Internal Auditing in the Arab World: A Systematic Literature Review and Directions for Future Research," SAGE Open, , vol. 13(4), pages 21582440231, October.
    7. Erwan Morellec & Boris Nikolov & Norman Schürhoff, 2018. "Agency Conflicts around the World," The Review of Financial Studies, Society for Financial Studies, vol. 31(11), pages 4232-4287.
    8. Iliev, Peter & Roth, Lukas, 2018. "Learning from directors' foreign board experiences," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 1-19.
    9. Md. Kamrul Islam & Sugandha Mobin Sharna, 2022. "Do board characteristics affect financial performance of firms? An empirical study on Dhaka Stock Exchange (DSE) listed Insurance Companies of Bangladesh," International Journal of Science and Business, IJSAB International, vol. 14(1), pages 1-10.
    10. Williamson, Rohan & Yang, Jie, 2021. "Tapping into financial synergies: Alleviating financial constraints through acquisitions," Journal of Corporate Finance, Elsevier, vol. 68(C).
    11. Eva Liljeblom & Sabur Mollah & Patrik Rotter, 2015. "Do dividends signal future earnings in the Nordic stock markets?," Review of Quantitative Finance and Accounting, Springer, vol. 44(3), pages 493-511, April.
    12. Ilyes Abidi & Mariem Nsaibi & Khaled Hussainey, 2022. "Does Ownership Structure Moderate the Relationship between Systemic Risk and Corporate Governance? Evidence from Gulf Cooperation Council Countries," JRFM, MDPI, vol. 15(5), pages 1-17, May.
    13. Stephen P. Ferris & Reza Houston & David Javakhadze, 2019. "It is a Sweetheart of a Deal: Political Connections and Corporate‐Federal Contracting," The Financial Review, Eastern Finance Association, vol. 54(1), pages 57-84, February.
    14. Björn Mestdagh & Olivier Sempiga & Luc Van Liedekerke, 2023. "The Impact of External Shocks on the Sustainable Development Goals (SDGs): Linking the COVID-19 Pandemic to SDG Implementation at the Local Government Level," Sustainability, MDPI, vol. 15(7), pages 1-18, April.
    15. Thierry Foucault & Laurent Frésard, 2012. "Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis," The Review of Financial Studies, Society for Financial Studies, vol. 25(11), pages 3305-3350.
    16. Gowin, Kathleen Donnelly & Wang, Daphne & Jory, Surendranath Rakesh & Houmes, Robert & Ngo, Thanh, 2021. "Impact on the firm value of financial institutions from penalties for violating anti-money laundering and economic sanctions regulations," Finance Research Letters, Elsevier, vol. 40(C).
    17. Allen N. Berger & Björn Imbierowicz & Christian Rauch, 2016. "The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(4), pages 729-770, June.
    18. Dorothy Mzumara & Dr. Daniel Ndhlovu, 2021. "Availability of Anti-Corruption Mechanisms to Fight Corruption in Selected Public Institutions in Lusaka, Zambia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(3), pages 526-532, March.
    19. Liu, Zhonglu & He, Shuguang & Men, Wenjiao & Sun, Haibo, 2024. "Impact of climate risk on financial stability: Cross-country evidence," International Review of Financial Analysis, Elsevier, vol. 92(C).
    20. Tatiana DANESCU & Maria-Alexandra POPA, 2020. "The Inter-conditioning between Corporate Governance and Financial Performance," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 18(159), pages 578-578.

    More about this item

    Keywords

    Governance; institutional governance; institutional governance practices; Jordan.;
    All these keywords.

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijebaa:v:ix:y:2021:i:1:p:52-65. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.