From pillars to new horizons in corporate governance research (original) (raw)

Editorial: New horizons in corporate governance research (December 19, 2019)

2019

We are pleased to present a new issue of the journal introduced in 2019. Effective corporate governance covers a wide array of issues ranging from separation of the CEO and chair of the board to the orientation for new directors. The articles published in this issue contribute to the existing literature in the field (

Editorial: New challenges in theory and practice of corporate governance

New Challenges in Corporate Governance: Theory and Practice, 2019

Interest in corporate governance continues to increase, both inside and outside academia, together with recognition of its importance. Despite advances in research on corporate governance, many questions remain regarding good governance and factors contributing to good decision-making. The aim of international conference “New Challenges in Corporate Governance: Theory And Practice” is to move the field closer to a global theory by advancing our understanding of corporate governance, which combines insights from the literature on firm governance bundles with insights from the national governance systems literature, investigating new perspectives and challenges for corporate governance and outlining possible scenarios of its development. The conference calls for more attention to ESG factors and voluntary disclosure and calls to explore how good governance can help boards enhance their decision making and improve performance

COVID-19 and Comparative Corporate Governance

SSRN Electronic Journal, 2021

With the pandemic caused by the novel coronavirus SARS-CoV-2 raging around the world, many countries' economies are at a crucial juncture. The COVID-19 external shock to the economy has the potential to affect corporate governance profoundly. This article explores its possible impact on comparative corporate governance. For an economy to operate successfully, a society must first find a politically sustainable social equilibrium. In many countries, historical crises-such as the Great Depression and World War II-have resulted in a reconfiguration of corporate governance institutions that set the course for generations. While it is not yet clear whether COVID-19 will have a similar effect, it is possible that it will change patterns of what kind of firms are-from an evolutionary perspective-likely to survive, and which ones are not. We argue that to some extent, it will accelerate ongoing trends, whereas in other areas it put corporations on an entirely new course. We observe three trends, namely the need for resilience, a growth of nationalist policies in corporate law, and an increasing orientation toward 'stakeholder' interests. First, firms will have to become resilient to the crisis, and consequently long-term oriented. Corporations that are not operating merely on an arm's length capital market basis but are integrated into a network, generated by core shareholders, state ownership or bank lending may be more likely to survive. In addition, firms are beginning to interact with their workforce differently in their attempts to maintain what could be called 'healthy human capital.' Second, we are likely to see a resurgence of nationalism in corporate governance to ensure that foreign ownership and interconnected supply chains do not put national security at risk. Third, the existing critiques of inequality but also climate change awareness will accelerate the trend toward a broadening of corporate purpose toward 'stakeholderism' and public policy issues. As in the past years, institutional investors acting as 'universal owners' will play a role in shaping this trend.

Editorial: Towards a comprehensive review of corporate governance

Journal of Governance and Regulation

In an era of falling margins, intense competition, and political uncertainty, firms require an efficient strategy to remain competitive. Such strategies are the fruit of efficient management and well governance. Over the previous decades, the term corporate governance (CG) has generated a plethora of literature and led to a proliferation of approaches. While research on CG was initially limited to US firms and the board of directors, recent studies discuss ownership structure and shed light on other markets. Admittedly, this is what scientific research is about, as studying a country in isolation can lead to the erroneous belief that any relationship observed there can be observed everywhere. Scholars state that firms’ behavior is influenced by their institutional framework (Ioannou & Serafeim, 2012; Shahrour, Girerd-Potin, & Taramasco, 2022; Walker, Zhang, & Ni, 2019), and thus, one might expect the governance mechanism and strategies to vary between countries. This issue sheds lig...

Corporate Governance in Post-Covid Era

2020 was the year of COVID-19, which clearly decimated the economy and brought about a long year of uncertainty. Priorly, deciding dividend pay-out and allocation of corporate governance funds was pretty straightforward. It was either doe through previously followed methods or after taking into consideration the shareholders' wish. But this year and the upcoming years are different. Several factors have to be taken into consideration by the corporate houses-if they are capable to do so at all. This article is a study if how the companies' strategy would change in a post COVID-19 era. Exploratory research has been undertaken for the

Editorial: A diversified outlook at the theory and practices of corporate governance

Corporate Ownership and Control

The recent issue of the Corporate Ownership and Control journal (volume 19, issue 1) covers the following key themes: accounting standards, corporate governance and social responsibility, public sector governance, financial management and firm performance. The authors represent a range of developed and developing countries, making this issue of the journal truly international.

Corporate Governance -Recent Advances and Perspectives : Excessive managerial entrenchment, corporate governance, and firm performance in Europe and in emerging markets

Corporate Governance - Recent Advances and Perspectives : Excessive managerial entrenchment, corporate governance, and firm performance in Europe and in emerging markets, 2020

COVID-19 has brought many unexpected challenges to Corporate Governance. Many types of research show that organizations worldwide have had disaster or crisis planning capabilities or business continuity plans to deal with these mysterious or unexpected scenarios. Ordinarily, such measures are stipulated under a company's risk management function and then through risk oversight of management response to such threats at the board level. This research article provides an overview of the leading Corporate Governance-Recent Advances and Perspectives; the study found that Corporate Governance is an evolving phenomenon that changes depending on internal and external factors of institutions. Institutions that are quick to adapt and have diverse and competent boards and executives will likely experience high results in their operations. Additionally, compensation and entrenchment, among others, influence corporate Governance.