Journal of Accounting Theory and Practice

Relationship between Good Corporate Governance and Financial Performance

Sanaser Sodnomdorj — 2023-12-31

Good corporate governance has multiple impacts on stakeholders, the environment, and society. There are many ways to define good corporate governance. In this study, we try to define good corporate governance in Mongolian listed companies and find that companies with good governance led to good financial performance. An empirical analysis is made based on the 2016-2020 audited reports regarding some of the corporate governance and financial performance indicators of the first and second classification joint stock companies of the Mongolian Stock Exchange. The result of this study concludes that good corporate governance has a positive effect on financial performance.

Crafting Company Strategic Objectives Using Three-Dimensional Model

Gerelt-Od Uvgunkhuu — 2023-12-31

Balanced Scorecard (BSC) and Sustainable Development Goals (SDGs) are two frameworks that have gained considerable attention in recent years, particularly in the context of organizational sustainability and shared value creation for the stakeholders including local communities. The Balanced Scorecard (BSC) is a strategic management methodology aims to achieve a balance between financial performance and non-financial goals and objectives, while ensuring that the organizational objectives aligned with the business strategy developed by Robert Kaplan and David Norton. Sustainable development has become a global concern as the world faces environmental and social challenges. The United Nations' SDG provide a framework for addressing these challenges, but implementing the SDGs into an organization's strategic planning can be challenging. This paper proposes a new model called the three-dimensional model (3D model), which combines the SDGs with the BSC to help organizations integrate sustainability into their strategic planning. The proposed 3D model provides a practical approach to organizations seeking to create long-term value while also addressing environmental and social challenges.

Needs and Transparency for Corporate Financial Information in Mongolia

Badamchimeg Dondog — 2023-12-31

Corporate financial reporting has long been evolving internationally to meet the growing needs of transparency for investors and the public, well beyond purely financial information. Modern reporting trends such as integrated reporting introduced by the International Integrated Reporting Council has enabled companies around the world to better communicate their financial and non-financial performance to the various stakeholders with due consideration to the interconnectedness of the financial, social and environmental factors concerning a business. Whilst integrated reporting still is an emerging concept and practice in the country, numerous listed companies and state-owned enterprises in Mongolia have been making efforts to advance their reporting in tandem with the international trends. The paper intends to review the existing regulatory framework for corporate reporting in Mongolia, in particular the aspects of transparency, and examine the current practices of reporting of selected companies against the key content elements and guiding principles of integrated reporting using publicly available financial information and data with a view to drawing conclusions and relevant policy recommendations.

Research on Opportunities of Using GEP in Mongolia: Methodology and a Case Study of Khovd Province

Gerelsuren Gaanjuur — 2023-12-31

The valuation of ecosystem products (services) is an effective method for measuring the connections between ecosystem assets and humans. Gross Ecosystem Product (GEP) is the total monetary value of final ecosystem goods and services supplied to human well-being in a given region annually, like a country, a province, or a county. Gross Ecosystem Product (GEP) is the monetary value of ecosystem services, making the findings comparable to GDP. GEP can reflect the ecosystem‘s contribution to human well-being. The general purpose of this study is to analyze the theoretical and empirical application of Gross Ecosystem Product (GEP), to explore opportunities for using it, and to calculate GEP in selected cases in Mongolia. It is the first study to focus on ecosystem economic value and to introduce Gross ecosystem product (GEP) accounting, and its application in Mongolia. From the theoretical side, the study as a whole would enrich the literature related to using economic valuation methods for ecosystem value and environmental amenities, and introduce a new valuation method in our country. Monetary values for ecosystem valuation do not fully reflect the importance of ecosystems for people and the economy. Using GEP, we will contribute fill up gaps in theoretical research. From the practical side, the study is expected to add new knowledge to the existing empirical literature on ecosystem value and to introduce a new application (GEP) for ecosystem value, as there is no systematic research for calculating ecosystem goods and services supplied to human well-being in a given region annually. Thus, the study could be a base for designing and choosing appropriate economic valuation methods for ecosystem goods and services in my country. This research is not only to study that defining possibilities of GEP‘s application, but also as finding appropriate methods together with technical and economical evaluations. Furthermore, the study could provide a reference for ecosystem management and development planning in my country. There are 3 parts to GEP accounting. We will identify and examine categories and indicators for each part of GEP for Khovd province chosen as a case of our study in Mongolia.

A Study on the Impact of Rural E-commerce Live Customer Value Co-creation Interaction Behavior on Customer Relationship

Jian-cheng Wang — 2023-12-31

Rural e-commerce live streaming is an emerging marketing model in the era of the Internet in China. In a complex network environment, multiple stakeholders exchange services, integrate resources, and achieve value co creation. This article explores the influencing factors of customer value co creation and interactive behavior in e-commerce live streaming from a customer perspective, as well as their impact on customer relationships. Through empirical research, the following conclusions can be drawn: trust has a significant impact on product interaction, interpersonal interaction, and media interaction; Subjective norms have a significant impact on interpersonal and media interaction, while their impact on product interaction is not significant; Product interaction has a significant impact on relationship construction, but has no significant impact on relationship deepening; Interpersonal communication has a significant impact on the construction and deepening of relationships; Media interaction has a significant impact on the construction and deepening of relationships.