Business Law Compliance and its Influence on Financial Performance: An Empirical Study in Business Economics

Authors

  • Nazar Hameed Majeed IRAQ Author

Keywords:

Business economics, legal compliance, financial performance, economic success

Abstract

Business Economics is a field where the intersection of legal compliance and financial performance plays a crucial role in shaping business outcomes. This empirical study delves into the impact of business law compliance on financial performance, examining how adherence to legal regulations influences the economic success of businesses. Through a comprehensive analysis of data and statistical methods, this research aims to provide insights into the relationship between compliance with business laws and the financial performance of companies in various industries. The findings of this study offer valuable implications for businesses seeking to optimize their operations within the framework of legal requirements and economic viability.

References

Iis Krisnandar. et al. LAW AWARENESS AND LAW COMPLIANCE OF BUSINESS ACTORS IN THE ISO 26000 PERSPECTIVE BASED ON SUSTAINABLE DEVELOPMENT. Journal of Positive School Psychology. http://journalppw.com. 2022, Vol. 6, No. 5, 616 – 622.

Rinaldi, L. and Viganò, E. (2021), “The impact of corporate governance mechanisms on firms’ financial performance: evidence from European companies”, European Journal of Law and Economics, pp. 1-38, doi: 10.1080/20430795.2021.1882497.

Martin Kyere, Marcel Ausloos. Corporate governance and firms financial performance inthe United Kingdom. International Journal of Finance & Economics. Volume 26, Issue 2. 2021; 1871–1885.

Dauda, Y.A. and Shafii, Z. (2021), “Corporate governance and financial performance in emerging markets: evidence from Nigeria”, Business and Economic Research, doi: 10.1080/21649472.2021.1980965.

Britannica, T. Editors of Encyclopaedia (2019, December 27). business law. Encyclopedia Britannica. https://www.britannica.com/money/business-law

Outa, E.R. and Waweru, N.M. (2016), "Corporate governance guidelines compliance and firm financial performance: Kenya listed companies", Managerial Auditing Journal, Vol. 31 No. 8/9, pp. 891-914. https://doi.org/10.1108/MAJ-12-2015-1291

Nguyen, T.V. (2015), “Corporate governance structures and financial performance: a comparative study of publicly listed companies in Singapore and Vietnam”, Doctoral dissertation, University of Waikato.

Isidro, H., Sobral, M. The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance. J Bus Ethics 132, 1–19 (2015). https://doi.org/10.1007/s10551-014-2302-9

Nguyen, T., Locke, S. and Reddy, K. (2014), “A dynamic estimation of governance structures and financial performance for Singaporean companies”, Economic Modelling, Vol. 40, pp. 1-11, doi: 10.1016/j.econmod.2014.03.026.

Reddy, K., Locke, S., Scrimgeour, F. and Gunasekarage, A. (2008), “Corporate governance practices of small cap companies and their financial performance: an empirical study in New Zealand”, International Journal of Business Governance and Ethics, Vol. 4 No. 1, pp. 51-78, doi: 10.1504/IJBGE.2008.016812.

Berman, S.L., Wicks, A.C., Kotha, S. and Jones, T.M. (1999), “Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance”, Academy of Management Journal, Vol. 42 No. 5, pp. 488-506, doi: 10.5465/257009.

https://www.iriscarbon.com/financial-reporting-frameworks-and-regulatory-compliance-navigating-the-landscape/

Downloads

Published

21-04-2024

How to Cite

Nazar Hameed Majeed. (2024). Business Law Compliance and its Influence on Financial Performance: An Empirical Study in Business Economics. International Journal of Finance (IJFIN) - ABDC Journal Quality List, 37(2), 1-10. https://ijfin.com/index.php/ijfn/article/view/IJFIN_001_37_2_2024

Share