Editorial: Towards a comprehensive review of corporate governance

Abstract

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 light on such variations, by exploring different contexts.