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Corporate governance research: a contingency framework

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  • Elisabeth Dedman
  • Igor Filatotchev

Abstract

Purpose - The purpose of this editorial is to discuss the problems inherent in examining the effectiveness of corporate governance without explicit consideration of the environment faced by firms. It advocates a contingency approach to the research area, illustrating its ideas by reference to the research papers contained in this issue. Design/methodology/approach - The paper discusses several papers in the literature, placing the papers in this special issue in context, and making recommendations for future research. Findings - It is apparent that the mixed results from the vast body of research in corporate governance are potentially due to failure to adequately consider all factors affecting optimal governance practice. Research implications - Researchers should beware of assuming research findings from one environment will be replicated in another environment. Policy implications - Policy makers should not assume that transferring “best practice” from one regime to another will lead to the same outcomes

Suggested Citation

  • Elisabeth Dedman & Igor Filatotchev, 2008. "Corporate governance research: a contingency framework," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 4(4), pages 248-258, September.
    • Handle: RePEc:eme:ijmfpp:v:4:y:2008:i:4:p:248-258
    DOI: 10.1108/17439130810902778
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    References listed on IDEAS

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    1. Hermalin, Benjamin E & Weisbach, Michael S, 1998. "Endogenously Chosen Boards of Directors and Their Monitoring of the CEO," American Economic Review, American Economic Association, vol. 88(1), pages 96-118, March.
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    Citations

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    Cited by:

    1. Cosmina Adela Stanila, 2019. "The Impact of Corporate Governance on Company’s Performance through Non-financial Indicators," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 660-666, August.
    2. Michele Pizzo, 2013. "Related party transactions under a contingency perspective," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 309-330, May.
    3. Boya Wang, 2016. "Ownership, Institutions & Firm Value: Cross-Provincial Evidence from China," Working Papers wp484, Centre for Business Research, University of Cambridge.
    4. Christian Engelen, 2015. "The effects of managerial discretion on moral hazard related behaviour: German evidence on agency costs," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(4), pages 927-960, November.
    5. Cosmina Adela Stănilă, 2019. "The Corporate Governance Code of the Bucharest Stock Exchange: Comply or Explain," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 895-902, December.

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