Template-Type: ReDIF-Article 1.0 Author-Name: Sameer Al Johani Author-Name: Adnan Atm Title: Revisiting the Relationship between Corporate Governance and Firm performance: Evidence from British Manufacturing Firms Abstract: This research looked at the link between corporate governance (CG) proxies and corporate financial performance (CFP) in the post financial crisis period for FTSE 350 enlisted firms while also revisiting the relevance of the agency theory to corporate governance mechanisms in the United Kingdom. OLS regression, Generalized Method of Moments (GMM) and Hausman test were applied to panel dataset of 230 FTSE 350 UK manufacturing firms over the period 2014-2018. The findings reveals that, with the exception of CEO duality and Firms growth where the Tobin's Q and Return on Asset (ROA) were the dependent variables respectively, other corporate governance mechanism such as board size and board independence, firm size, leverage, and growth had statistically insignificant effects on CFP. The results are robust when utilizing GMM estimation for adjusting for potential simultaneity and endogeneity problem. Contrast to prior findings in CG field this study suggest that firm internal CG traits do not play a substantial role in determining CFP in the UK context, and so provide more robust conclusions than prior studies in the field. Classification-JEL: G34,L25 Keywords: Corporate governance, FTSE 350, corporate financial performance, generalized method of moments (GMM), United Kingdom Journal: Acta Universitatis Bohemiae Meridionalis Pages: 7-32 Volume: 25 Issue: 1 Year: 2022 DOI: 10.32725/acta.2022.002 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.002.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.002.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-202201-0001.txt Handle: RePEc:boh:actaub:v:25:y:2022:i:1:p:7-32 Template-Type: ReDIF-Article 1.0 Author-Name: Constantinos Challoumis Title: Economocracy versus capitalism Abstract: This work is an analysis of the Economocracy and Representative Economocracy. A reformed economic system is required for the transformation of global grown debt to sustainable levels. The challenge to avoid economic worldwide deadlock yields the emerging need for economocracy as a premium democracy, serving with that way social stability. The economic system of Economocracy is based on the free market but simultaneously faces all disturbances from wars, depressions, economic crises, and interest rates. Economocracy is the proportional system of Democracy in a political view, in the case of the economy. It is the only economic system that supports pure Democracy and can face global dept, healthcare problems, third world poverty, appropriate space programs, and any economic dysfunction which be an obstacle to pure democracy. This is the first peer-review publication of Economocracy after seven years of birth of Economocracy by working papers. This paper aims to clarify that capitalism has fundamental problems in many aspects. Primarily it is not plausible to regime any dysfunction of the local economies and in general at a worldwide level. Well-standing democracy cannot exist without economocracy, meaning that the control of the economy from the people and for the people, is the balanced way for economic affairs and then democracy. The interest rates and the global debt it is not plausible to be served by capitalism. The Economocracy is formed on the aspect of an economic unit globally that will control the global economic uncontrolled problems. Capitalism just moving the economic obligations or the future by depressing countries, and generations of people, and as result, it is to have wars, not pure democracies, and unlimited exploitation of the planet's resources without barriers, for profits. Also, economocracy can protect democracy from authoritarianism, as countries that do not comply with the aspects of Economocracy and democracy will not receive the "free amounts" of money for the enforcement of lower income, for medical care system, and other purposes. The purpose of the papers is to show is to present this economic system, using theoretical and mathematical terms and analysis. For this reason, is used a hypothetical scenario, but with real amounts, showing how will function Economocracy. The results comply with the initial hypothesis that global debt and interest rates could be covered by economocracy without causing inflation, in fact with way could be faced inflation from a plausible increase in prices, as this amount of money going for special purposes and don't affect the banking system, the market, the level of prices or in the general economy. Classification-JEL: A10,E00,F1,H10,H11 Keywords: economocracy, democracy, political aspects, global growth model, free of charge money, debt Journal: Acta Universitatis Bohemiae Meridionalis Pages: 33-54 Volume: 25 Issue: 1 Year: 2022 DOI: 10.32725/acta.2022.001 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.001.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.001.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-202201-0002.txt Handle: RePEc:boh:actaub:v:25:y:2022:i:1:p:33-54 Template-Type: ReDIF-Article 1.0 Author-Name: Ioannis Koukoumpliakos Author-Workplace-Name: University of S. Bohemia, Faculty of Economics, Department of Management Author-Name: Petr Řehoř Author-Workplace-Name: University of S. Bohemia, Faculty of Economics, Department of Management Title: Business ethics as a lever of development in business administration and management Abstract: The purpose of this article is to highlight, present and evaluate business ethics practices. A separate purpose of the article is to submit proposals for improving corporate ethics. The methodological tool used is based on bibliographic research, text analysis and secondary sources. The research question concerns business ethics and whether it contributes to the development of companies and the better management of business human resources. We will assume that business ethics helps significantly in the development of businesses and the fuller utilization of human resources and we will try to verify this hypothesis. The expected results of the investigation aspire to answer the research question and verify the hypothesis. Also, to highlight the contribution and the best utilization of corporate ethics in the context of business management, through the creation of a business culture that will lead to the consolidation of the ethical and social profile of companies. The above findings are considered important because they initially provide us with new data on the prevailing situation in the business world. At the same time, they lead us to the conclusion that it is necessary to strengthen business ethics, through the development of trust and cooperation with the ultimate goal of creating a business culture that will significantly help improve the business environment. Classification-JEL: M10,M14,M16 Keywords: Business Ethics, Management, Business Environment, Human resources Journal: Acta Universitatis Bohemiae Meridionalis Pages: 1-6 Volume: 25 Issue: 1 Year: 2022 DOI: 10.32725/acta.2022.003 File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.003.html File-Format: text/html File-URL: http://acta.ef.jcu.cz/doi/10.32725/acta.2022.003.pdf File-Format: Application/pdf X-File-Ref: http://acta.ef.jcu.cz/RePEc/boh/references/aub-202201-0003.txt Handle: RePEc:boh:actaub:v:25:y:2022:i:1:p:1-6