Corporate Governance: Its scope, concerns and theories

TLDR

Corporate governance is a rapidly evolving field with conceptual, cultural, contextual, and disciplinary dimensions, marked by diverse viewpoints and the potential to become a science of organization, prompting future research directions. The study seeks to enhance research rigor by proposing definitions and reviewing recent surveys to orient new scholars, while exploring corporate governance’s potential as a science of organization and outlining future research avenues. The authors propose new definitions and conduct a review of recent surveys, examining ethnocentric, contextual, and intellectual contingencies to guide scholars.

Abstract

This paper outlines the conceptual, cultural, contextual and disciplinary scope of the rapidly evolving topic of corporate governance. As a basis for improving the rigour of research and analysis, some definitions are suggested. Reasons for the diversity of view‐points and concerns are considered. To provide an orientation for new scholars and those from specialised disciplines, recent surveys of corporate governance are reviewed from their ethnocentric, contextual, and intellectual contingencies. The prospects of developing the topic as a “science of organization” are considered along with areas for future research.