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A systematic review of corporate governance and ownership

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  • Tola Akinto

    (Department of Business Administration, Faculty of Management, Nile University of Nigeria, Abuja, Nigeria)

Abstract

This study aims to systematically review the key characteristics and issues of corporate governance and ownership (CGO) research and to offer directional suggestions concerning the future of CGO research. The Systematic Assessment Quantitative Technique (SQAT) was used to identify and analyze 65 peer-reviewed CGO articles from six high-quality academic databases. The study covered 2009 to 2019 and there is evidence of a growing number of CGO articles over the number of years covered. Most of the studies have taken place in Asia and Europe, while South America has the lowest number of studies. 98% of CGO research has been empirical in nature, which calls for more conceptual studies to give more understanding of the research area because knowledge is dynamic. The primary focus of the articles has been on firm performance and closely followed by regulatory policies. All the CGO articles adopted the quantitative research method, using mainly critical analysis. However, combining both quantitative and qualitative methods will make future studies more robust and give additional insight into various issues of CGO. Finally, the use of only six databases which although contains high quality, peer-reviewed articles, but not all peer-reviewed CGO articles were in the databases. Future systematic reviews can widen the scope of databases to gain further insight. Key Words:Corporate Governance, Ownership, Systematic review

Suggested Citation

  • Tola Akinto, 2021. "A systematic review of corporate governance and ownership," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(6), pages 63-72, September.
    • Handle: RePEc:rbs:ijbrss:v:10:y:2021:i:6:p:63-72
    DOI: 10.20525/ijrbs.v10i6.1351
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    References listed on IDEAS

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    1. Godfred A. Bokpin & Zangina Isshaq & Francis Aboagye‐Otchere, 2011. "Ownership structure, corporate governance and corporate liquidity policy," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 3(3), pages 262-279, August.
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    3. Krishna Reddy & Stuart Locke, 2014. "The relationship between ownership structure, capital structure and corporate governance practices," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 10(4), pages 511-536, August.
    4. Giovanna Carrillo & Chenchuramaiah Bathala, 2010. "Corporate Governance in Banks: Do Ownership and Board Structure Matter for Banks' Risk Profile and Valuation?," Indian Journal of Corporate Governance, , vol. 3(1), pages 1-18, January.
    5. Borisova, Ginka & Brockman, Paul & Salas, Jesus M. & Zagorchev, Andrey, 2012. "Government ownership and corporate governance: Evidence from the EU," Journal of Banking & Finance, Elsevier, vol. 36(11), pages 2917-2934.
    6. Henry, Darren, 2010. "Agency costs, ownership structure and corporate governance compliance: A private contracting perspective," Pacific-Basin Finance Journal, Elsevier, vol. 18(1), pages 24-46, January.
    7. Paniagua, Jordi & Rivelles, Rafael & Sapena, Juan, 2018. "Corporate governance and financial performance: The role of ownership and board structure," Journal of Business Research, Elsevier, vol. 89(C), pages 229-234.
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