Corporate governance, accountability and mechanisms of accountability: an overview

TLDR

The paper reviews traditional corporate governance and accountability research and proposes a roadmap and opportunities for future studies. The authors construct an analytical framework incorporating theory, accountability mechanisms, methodology, sector, globalization, and time horizon, and map seven papers onto this framework. The paper concludes that corporate governance research should broaden theoretical, methodological, and contextual perspectives, favoring qualitative approaches, and highlights opportunities for future studies.

Abstract

Purpose This paper aims to review traditional corporate governance and accountability research, to suggest opportunities for future research in this field. Design/methodology/approach The first part adopts an analytical frame of reference based on theory, accountability mechanisms, methodology, business sector/context, globalisation and time horizon. The second part of the paper locates the seven papers in the special issue in a framework of analysis showing how each one contributes to the field. The paper presents a frame of reference which may be used as a “roadmap” for researchers to navigate their way through the prior literature and to position their work on the frontiers of corporate governance research. The paper is primarily discursive and conceptual. Findings The paper encourages broader approaches to corporate governance and accountability research beyond the traditional and primarily quantitative approaches of prior research. Broader theoretical perspectives, methodological approaches, accountability mechanism, sectors/contexts, globalisation, and time horizons are identified. Research limitations/implications Greater use of qualitative research methods are suggested, which present challenges particularly of access to the “black box” of corporate boardrooms. Originality/value Drawing on the analytical framework, and the papers in the special issue, the paper identifies opportunities for further research of accountability and corporate governance.