scispace - formally typeset
Search or ask a question
Topic

Corporate governance

About: Corporate governance is a research topic. Over the lifetime, 118591 publications have been published within this topic receiving 2793582 citations.


Papers
More filters
Journal ArticleDOI
TL;DR: In this article, a series of interviews conducted with leading practitioners and opinion formulators in the social, ethical and environmental audit arena, together with an extensive review of recent literature in the area, is presented.
Abstract: Drawing upon a series of interviews conducted with leading practitioners and opinion formulators in the social, ethical and environmental audit arena, together with an extensive review of recent literature in the area, this paper offers a critical appraisal of current developments in the newly revitalized social audit movement. We particularly question whether in their enthusiasm for bringing social audit into the mainstream of current business thinking its advocates risk compromising the democratic ideals of the founding fathers of the movement. A particular concern raised is that without real change in corporate governance structures, social audit could become monopolized by consultants and/or corporate management and hence amount to little more than a skilfully controlled public relations exercise.

497 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the interplay between governance and disclosure in an agency setting, featuring by concentrated ownership and high insider shareholders representation in the board, with risks of private benefits exploitation.
Abstract: This paper investigates the interplay between governance and disclosure in an agency setting, featured by concentrated ownership and high insider shareholders representation in the board. In this context, agency conflicts happen between large controlling shareholders and minority outside investors, with risks of private benefits exploitation. We regressed a voluntary disclosure index on seven governance variables related either to the board structure and functioning. The empirical evidence is provided by the Italian stock market. Our results suggest the presence of a complementary relationship between governance and disclosure. Diligent monitoring activity is associated with greater transparency to the outside. The findings are consistent with the view that internal and external control tend to be present at the same time, since the presence of one of them reduces the incentive for the controlling shareholders to limit the other. The empirical evidence also show that larger boards are not detrimental to outside shareholders, with regard to voluntary disclosure. The study can contribute to the understanding of the relationship between governance and disclosure in a particular agency setting. They might be of interest to practitioners and regulators, insofar as they are consistent with calls for more disclosure requirements in this agency setting.

496 citations

Journal ArticleDOI
TL;DR: In the late 1970s, a truly remarkable revolution has swept public management around the world as discussed by the authors, and understanding this revolution means sorting through three issues: the basic ideas of reform, the connections between the reforms and governmental processes, like budgeting and personnel; and the links between these processes and governance.
Abstract: Since the late 1970s, a truly remarkable revolution has swept public management around the world. Understanding this revolution means sorting through three issues: the basic ideas of reform; the connections between the reforms and governmental processes, like budgeting and personnel; and the links between these processes and governance. These reforms have proven surprisingly productive but, in the process, they have raised a new generation of fundamentally important issues that have been largely unexplored.

496 citations

Journal ArticleDOI
TL;DR: In this paper, the authors explore various aspects of the board accountability concept, and they make an important distinction between accountability and that of creating accountability, which may contribute as one of the building blocks in developing a research stream on exploring behavioural perspectives of boards.
Abstract: What is board accountability, and how is such accountability created? This response to Roberts, McNulty and Stiles suggests a framework for exploring behavioural perspectives of boards and corporate governance. The contribution of this framework is to develop a terminology that may help us accumulate knowledge and provide directions for a research agenda. The consistent use of a terminology, the accumulation of knowledge and an accepted research agenda among a core group of scholar are some of the first steps in developing a promising research field with considerable potential to create actionable knowledge. The framework can help us sort some of the research, concepts and anecdotes that have been presented in efforts to open the black box of board research. Research on corporate governance is now taking various directions, and new streams of boards and governance research are evolving. The article ‘Beyond Agency Conceptions of the Work of Non-executive Directors: Creating Accountability’, by Roberts, McNulty and Stiles (this issue) may contribute as one of the building blocks in developing a research stream on exploring behavioural perspectives of boards. Roberts, McNulty and Stiles explore various aspects of the board accountability concept, and they make an important distinction between accountability and that of creating accountability. The stories of experienced UK directors are the empirical basis of the study. The authors of

496 citations

Journal ArticleDOI
TL;DR: Adaptive governance is an emergent form of environmental governance that is increasingly called upon by scholars and practitioners to coordinate resource management regimes in the face of the complexity and uncertainty associated with rapid environmental change as discussed by the authors.
Abstract: Adaptive governance is an emergent form of environmental governance that is increasingly called upon by scholars and practitioners to coordinate resource management regimes in the face of the complexity and uncertainty associated with rapid environmental change. Although the term "adaptive governance" is not exclusively applied to the governance of social-ecological systems, related research represents a significant outgrowth of literature on resilience, social-ecological systems, and environmental governance. We present a chronology of major scholarship on adaptive governance, synthesizing efforts to define the concept and identifying the array of governance concepts associated with transformation toward adaptive governance. Based on this synthesis, we define adaptive governance as a range of interactions between actors, networks, organizations, and institutions emerging in pursuit of a desired state for social-ecological systems. In addition, we identify and discuss ambiguities in adaptive governance scholarship such as the roles of adaptive management, crisis, and a desired state for governance of social-ecological systems. Finally, we outline a research agenda to examine whether an adaptive governance approach can become institutionalized under current legal frameworks and political contexts. We suggest a further investigation of the relationship between adaptive governance and the principles of good governance; the roles of power and politics in the emergence of adaptive governance; and potential interventions such as legal reform that may catalyze or enhance governance adaptations or transformation toward adaptive governance.

495 citations


Network Information
Related Topics (5)
Government
141K papers, 1.9M citations
87% related
Globalization
81.8K papers, 1.7M citations
85% related
Empirical research
51.3K papers, 1.9M citations
85% related
Sustainability
129.3K papers, 2.5M citations
85% related
Politics
263.7K papers, 5.3M citations
85% related
Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20251
202415
20239,644
202219,289
20215,513
20206,174