Factors Influencing Corporate Governance: A Structured Literature Review

This research aims to identify trends in corporate governance research, the relationship between corporate governance and internal auditing, and the factors that have led to changes in corporate governance. We used a structured literature review of the corporate governance literature based on a sample of 29 articles extracted from the Web of Science, the sample covering the period from January 2007 to May 2024. The research highlighted the diversity of research topics, methodologies, and research tools used to address corporate governance, as well as the important contribution of audit journals in disseminating studies on this topic. Global regulatory changes and alignment, financial crises and stock market crashes, transparency, independence of boards of directors have brought about a paradigm shift in corporate governance. The study provides a global picture of corporate governance in the recent dedicated literature with evidence for directions that still needs to be approached. The study provides useful insights for regulators and corporate management when analyzing and establishing governance good practices. Research adds value to the literature by identifying multidimensional conceptual coordinates of corporate governance, as well as outlining new research directions.