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FINAL - Journal Review Group 16
FINAL - Journal Review Group 16
CORPORATE ENTREPRENEURSHIP
This study established that corporate governance in the Iranian brokerage firms is
weak, venturing, financial corruptions and discriminative behaviours and investors have been
left disenfranchised. So, these problem let CE might improve the corporate governance in the
brokerage industry and as a result, the resulting model.
Objective
1
Identify Issues and Problems
The issue that related is corporate governance in the Iranian brokerage firms is weak.
The firms do not have particular units to deal with stock market risks. This is due to lack of
theoretical literature in CE deal with the ultimate goal of corporate governance in the brokerage
industry.
The investors have been left disenfranchised after some stock brokerage firms
collapsed. As a result, it brings to huge loses for many investors. In spite of growth and
development in the market, the big questions arise to Iranian brokerage firms whether Iranian
brokerage firms have a strong CE and governance structure and whether they practice good
governance and CE practices.
2
Theory and Practice
Theory that used in this journal article is grounded theory. Grounded theory is
developed by two sociologists which are Barney Glaser and Anselm Strauss. Grounded
Theory is a qualitative research approach. Its main purpose is to establish theories based on
empirical data. Researchers generally do not have theoretical assumptions before starting the
research but directly from the actual observation, from the original data to summarize the
experience. According findings from journal, the experts participating in the research included
18 CEO with an average service life of 14 years and a high degree of education.
The findings indicate identifying six major levels which are causal, context,
phenomenon, strategies and consequences. Causal of problem brokerage firm that can find
in journal is legal behaviours such as most focus on board regulation including education of
board members and mandatory retirement age. Brokerage should focus on strengthen their
governance structure and risk mitigation mechanisms.
3
Discussions & Recommendations
From the selected journals, there are two main things that can be applied or related to
Malaysian corporate entities which are financial corruption and discriminative behaviours in
the organizations and weak corporate governance. Governance is a series of processes,
habits, policies, rules, and institutions that influence direction, management because it
facilitates the development of entrepreneurship. There is a strong and development-oriented
governance need in corporate entrepreneurship. Governance is a type of leadership in which
leaders promote, inspire and motivate employees to develop and make changes that will help
grow and influence the potential success of a company. For fast-paced business industries,
creativity and agility can determine the key to business success. It is suitable for the Malaysian
business industry as it ensures company profitability in the future.
According to the journal, the weakness of the journal is that researchers do not use
demographics or graphics to explain or prove the results of questionnaires that have been
answered by their respondents. Readers of the article do not fully understand and feel bored
because the article is full of writing. The author does not use evidence to further strengthen
the facts and arguments by using research methodologies such as through qualitative and
quantitative research by conducting field studies to obtain the evidence of the arguments
stated.
First of all, the suggestion is about prioritize risk management. For instance,
organization can do an analysis on financial risk. This is because organization is taking bigger
risks in order to enhance overall competitiveness in the marketplace. Thus, effective risk
management can help organization in decision making process.
4
Conclusion
According to the journal, it can be concluded that the corporate governance of Iranian
brokerage company are weak and facing various problems. From the journal we knew that the
company does not have a dedicated department to deal with stock market risks, having
financial problem and venturing.
5
Reference
1. Babak Ziyae, (2018), “Presenting a model of corporate entrepreneurship with corporate
governance approach”, World Journal of Entrepreneurship, Management and
Sustainable Development, Vol. 14 No.4, pp. 342-352.
https://doi.org/10.1108/WJEMSD-09-2017-0064.