ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS
Securing business profitability can inadvertently create conflict between the pursuit of strategic corporate objectives and corporate governance objectives while simultaneously reducing stakeholder protection. This imbalance has culminated in several high-profile corporate scandals orchestrated by...
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| Format: | Article |
| Jezik: | English |
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UJ Press
2019-09-01
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| Serija: | Journal of Construction Project Management and Innovation |
| Teme: | |
| Online dostop: | https://journals.uj.ac.za/index.php/JCPMI/article/view/178 |
| _version_ | 1826895581937664000 |
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| author | Frank Boateng De-Graft Owusu-Manu Michael Adesi Erika Parn David John Edwards |
| author_facet | Frank Boateng De-Graft Owusu-Manu Michael Adesi Erika Parn David John Edwards |
| author_sort | Frank Boateng |
| collection | DOAJ |
| description |
Securing business profitability can inadvertently create conflict between the pursuit of strategic corporate objectives and corporate governance objectives while simultaneously reducing stakeholder protection. This imbalance has culminated in several high-profile corporate scandals orchestrated by top management – consequently, this research seeks to establish a nexus between strategic corporate objectives and corporate governance objectives within construction professional service firms. –The study is positioned within the positivist philosophical tradition and adopts a quantitative approach that used a survey questionnaire to collect data form construction professional service firms.115 survey questionnaires were administered to respondents using the purposive sampling technique in which 80 completed questionnaires were retrieved for an analysis representing a response rate of 69.5 per cent. The analysis results revealed a significant relationship at p < 0.05 between strategic corporate objectives and corporate governance objectives focusing on credibility, conflict resolution, channels of reporting, influencing performance, transparency in initial public offerings (IPOs); control of corporate corruption; and reputation of the firm. Aligning strategic corporate objectives to corporate governance objectives is rare in literature. This paper establishes a critical discussion which could culminate into strategies for aligning corporate strategic objectives and corporate governance objectives in the future. Corporate planners, corporate governance experts and managers of corporate organisations will benefit from the strategic direction provided by this study. Such will help circumvent management board-room politics and avoid potential corporate scandals and confusions by ensuring alignment between strategic objectives and corporate governance objectives at all management levels within a firm.
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| first_indexed | 2025-02-17T05:37:21Z |
| format | Article |
| id | doaj.art-b48cfe2a3c4e402a8f0ff1fc0318c5c2 |
| institution | Directory Open Access Journal |
| issn | 2223-7852 2959-9652 |
| language | English |
| last_indexed | 2025-02-17T05:37:21Z |
| publishDate | 2019-09-01 |
| publisher | UJ Press |
| record_format | Article |
| series | Journal of Construction Project Management and Innovation |
| spelling | doaj.art-b48cfe2a3c4e402a8f0ff1fc0318c5c22025-01-08T06:10:43ZengUJ PressJournal of Construction Project Management and Innovation2223-78522959-96522019-09-019110.36615/jcpmi.v9i1.178ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMSFrank Boateng 0De-Graft Owusu-Manu1Michael Adesi2Erika Parn3David John Edwards4Department of Management Studies, University of Mines and Technology, Tarkwa, GhanaDepartment of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, GhanaSchool of Surveying and Construction Management, College of Engineering and Built Environment, Technological University DublinFaculty of Technology Environment and Engineering, Birmingham City University, UK4,5Faculty of Technology Environment and Engineering, Birmingham City University, UK Securing business profitability can inadvertently create conflict between the pursuit of strategic corporate objectives and corporate governance objectives while simultaneously reducing stakeholder protection. This imbalance has culminated in several high-profile corporate scandals orchestrated by top management – consequently, this research seeks to establish a nexus between strategic corporate objectives and corporate governance objectives within construction professional service firms. –The study is positioned within the positivist philosophical tradition and adopts a quantitative approach that used a survey questionnaire to collect data form construction professional service firms.115 survey questionnaires were administered to respondents using the purposive sampling technique in which 80 completed questionnaires were retrieved for an analysis representing a response rate of 69.5 per cent. The analysis results revealed a significant relationship at p < 0.05 between strategic corporate objectives and corporate governance objectives focusing on credibility, conflict resolution, channels of reporting, influencing performance, transparency in initial public offerings (IPOs); control of corporate corruption; and reputation of the firm. Aligning strategic corporate objectives to corporate governance objectives is rare in literature. This paper establishes a critical discussion which could culminate into strategies for aligning corporate strategic objectives and corporate governance objectives in the future. Corporate planners, corporate governance experts and managers of corporate organisations will benefit from the strategic direction provided by this study. Such will help circumvent management board-room politics and avoid potential corporate scandals and confusions by ensuring alignment between strategic objectives and corporate governance objectives at all management levels within a firm. https://journals.uj.ac.za/index.php/JCPMI/article/view/178Corporate, Firms, Governance, Objectives, Strategic |
| spellingShingle | Frank Boateng De-Graft Owusu-Manu Michael Adesi Erika Parn David John Edwards ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS Journal of Construction Project Management and Innovation Corporate, Firms, Governance, Objectives, Strategic |
| title | ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS |
| title_full | ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS |
| title_fullStr | ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS |
| title_full_unstemmed | ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS |
| title_short | ALIGNING STRATEGIC OBJECTIVES TO CORPORATE GOVERNANCE OBJECTIVES IN CONSTRUCTION PROFESSIONAL SERVICE FIRMS |
| title_sort | aligning strategic objectives to corporate governance objectives in construction professional service firms |
| topic | Corporate, Firms, Governance, Objectives, Strategic |
| url | https://journals.uj.ac.za/index.php/JCPMI/article/view/178 |
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