A Bibliometric Review of Global Research on Corporate Governance and Board Attributes
Abstract
:1. Introduction
- What are the overall volume and distribution by time, geographic source, and venues of published BDCG studies?
- What authors, institutions, and research papers have had the most significant influence on BDCG research?
- What is the intellectual structure of the BDCG knowledge base?
- What research topics have attracted attention among scholars in the BDCG knowledge base in the past and present?
2. Materials and Methods
2.1. Identification of Sources
2.2. Data Extraction
2.3. Data Analysis
3. Results
3.1. Volume and Geographic Distribution of Published Studies
3.2. Journals
3.3. Influential Authors and Articles
3.4. Schools of Thought in the BDCG Literature
3.5. Topical Focus of the BDCG Knowledge Base
4. Limitations
5. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Rank | Journal | Publisher | Coverage | Documents | Scopus Citations | CPD |
---|---|---|---|---|---|---|
1 | Corporate Governance: Int. Review | Wiley-Blackwell | 1993–ongoing | 424 | 14,565 | 34.35 |
2 | Corporate Ownership & Control | Virtus Interpress | 2003–2016 | 364 | 693 | 1.90 |
3 | Corporate Governance: Int. J. Bus. Society | Emerald | 2005–ongoing | 178 | 1735 | 9.75 |
4 | J. Business Ethics | Springer | 1982–ongoing | 142 | 5790 | 40.77 |
5 | J. Corporate Finance | Elsevier | 1994–ongoing | 137 | 7502 | 54.76 |
6 | J. Management & Governance | Springer | 1997–ongoing | 117 | 2225 | 19.02 |
7 | Corporate Board: Role, Duties & Comp. | Virtus Interpress | 2005–2016 | 105 | 129 | 1.23 |
8 | J. Financial Economics | Elsevier | 1974–ongoing | 99 | 18789 | 189.79 |
9 | Strategic Management. J. | Wiley-Blackwell | 1980–ongoing | 92 | 7395 | 80.38 |
10 | J. Banking & Finance | Elsevier | 1977–ongoing | 72 | 4183 | 58.10 |
11 | Managerial Auditing J. | Emerald | 1986–ongoing | 69 | 1298 | 18.81 |
12 | Int. J. Bus. Governance & Ethics | Inderscience | 2006–ongoing | 67 | 289 | 4.31 |
13 | Managerial Finance | Emerald | 2005–ongoing | 57 | 539 | 9.46 |
14 | Int. J. of Disclosure & Governance | Palgrave Macmillan | 2009–ongoing | 53 | 222 | 4.19 |
15 | J. Business Research | Elsevier | 1973–ongoing | 49 | 1184 | 24.16 |
16 | J. Business Finance & Accounting | Wiley-Blackwell | 1974–ongoing | 45 | 1920 | 42.67 |
17 | J. Management | SAGE | 1975–ongoing | 41 | 3668 | 89.46 |
18 | Pacific Basin Finance J. | Elsevier | 1993–ongoing | 41 | 975 | 23.78 |
19 | Academy of Management J. | AOM | 1975–ongoing | 40 | 6702 | 167.55 |
20 | Accounting & Finance | Wiley-Blackwell | 1979–ongoing | 39 | 1328 | 34.05 |
Rank | Source | Publisher | Coverage | Documents | Scopus Citations | CPD |
---|---|---|---|---|---|---|
1 | J. Financial Economics | Elsevier | 1974–ongoing | 99 | 18,789 | 189.79 |
2 | Corporate Governance | Wiley-Blackwell | 1993–ongoing | 424 | 14,565 | 34.35 |
3 | J. Corporate Finance | Elsevier | 1994–ongoing | 137 | 7502 | 54.76 |
4 | Strategic Management J. | Wiley-Blackwell | 1980–ongoing | 92 | 7395 | 80.38 |
5 | Academy of Management J. | AOM | 1975–ongoing | 40 | 6702 | 167.55 |
6 | J. Business Ethics | Springer | 1982–ongoing | 142 | 5790 | 40.77 |
7 | J. Finance | Wiley-Blackwell | 1946–ongoing | 31 | 5480 | 176.77 |
8 | J. Accounting & Economics | Elsevier | 1979–ongoing | 29 | 4691 | 161.76 |
9 | Administrative Science Quarterly | SAGE | 1975–ongoing | 20 | 4531 | 226.55 |
10 | J. Banking & Finance | Elsevier | 1977–ongoing | 72 | 4183 | 58.10 |
11 | Accounting Review | AAA | 1996–ongoing | 25 | 3729 | 149.16 |
12 | J. Management | SAGE | 1975–ongoing | 41 | 3668 | 89.46 |
13 | J. Accounting & Public Policy | Elsevier | 1982–ongoing | 34 | 3468 | 102.00 |
14 | Contemporary Accounting Research | Wiley-Blackwell | 1984–ongoing | 23 | 3288 | 142.96 |
15 | J. Financial & Quantitative Analysis | CUP | 1966–ongoing | 21 | 3203 | 152.52 |
16 | Review of Financial Studies | OUP | 1996–ongoing | 29 | 3018 | 104.07 |
17 | Academy of Management Review | AOM | 1978–ongoing | 8 | 2825 | 353.13 |
18 | J. Management Studies | Wiley-Blackwell | 1964–ongoing | 38 | 2630 | 69.21 |
19 | J. Management & Governance | Springer | 1997–ongoing | 117 | 2225 | 19.02 |
20 | Auditing: J. of Practice & Theory | AAA | 1996–ongoing | 19 | 2065 | 108.68 |
Rank | Author | Institution | Nation | Documents | Scopus Citations | CPD |
---|---|---|---|---|---|---|
1 | Westphal J. | U of Michigan | United States | 22 | 4189 | 190.41 |
2 | Daily C. | Indiana U | United States | 28 | 3961 | 141.46 |
3 | Yermack D. | New York U | United States | 6 | 3532 | 588.67 |
4 | Hillman. A. | Arizona State U | United States | 15 | 3494 | 232.93 |
5 | Dalton D. | Indiana U | United States | 26 | 3091 | 118.88 |
6 | Johnson J. | U of Arkansas | United States | 8 | 2800 | 350.00 |
7 | Ellstrand A | U of Arkansas | United States | 8 | 2733 | 341.63 |
8 | Larcker D. | Stanford U | United States | 8 | 2623 | 327.88 |
9 | Huse M. | BI Norwegian B. School | Norway | 23 | 2588 | 112.52 |
10 | Adams R. | U of Oxford | United Kingdom | 8 | 2542 | 317.75 |
11 | Klein A. | New York U | United States | 4 | 2434 | 608.50 |
12 | Beasley M. | NC State U | United States | 7 | 2357 | 336.71 |
13 | Bebchuk L. | Harvard Law School | United States | 10 | 2312 | 231.20 |
14 | Zajac E. | Northwestern U | United States | 9 | 2030 | 225.56 |
15 | Agrawal A. | U of Alabama | United States | 6 | 1928 | 321.33 |
16 | Ferreira D. | London School of Eco. | United Kingdom | 6 | 1903 | 317.17 |
17 | Shivdasani A. | UNC-Chapel Hill | United States | 6 | 1825 | 304.17 |
18 | Weisbach M. | Ohio State U | United States | 5 | 1750 | 350.00 |
19 | Vafeas N. | U of Cyprus | Cyprus | 14 | 1744 | 124.57 |
20 | Core. J | MIT | United States | 4 | 1683 | 420.75 |
Rank | Document | Source | Paper Type | Scopus Citations |
---|---|---|---|---|
1 | Yermack, D. (1996). Higher market valuation of companies with a small board of directors [50] | J. Financial Econ. | Empirical | 2364 |
2 | Core et al. (1999). Corporate governance, chief executive officer compensation, and firm performance [8] | J. Financial Econ. | Empirical | 1506 |
3 | Klein, A. (2002). Audit committee, board of director characteristics, and earnings management [51] | J. Account. Econ. | Empirical | 1433 |
4 | Dechow et al. (1996). Causes and consequences of earnings manipulation [52] | Contemp. Account. Res. | Empirical | 1392 |
5 | Beasley, M. (1996). An empirical analysis of the relation between the board of director composition and financial statement fraud [42] | Account. Rev. | Empirical | 1376 |
6 | Agrawal, A.; Knoeber, C. (1996). Firm performance and mechanisms to control agency problems between managers and shareholders [53] | J. Financial Quant. Anal. | Empirical | 1097 |
7 | Djankov et al. (2008). The law and economics of self-dealing [54] | J. Financial Econ. | Conceptual | 1083 |
8 | Dalton et al. (1998). Meta-analytic reviews of board composition, leadership structure, and financial performance [24] | Strateg. Manag. J. | Review | 1051 |
9 | Hillman, A.; Dalziel, T. (2003). Boards of directors and firm performance [43] | Acad. Manag. Rev. | Conceptual | 1027 |
10 | Bebchuk et al. (2008). What matters in corporate governance? [55] | Rev. Financial Stud. | Empirical | 930 |
11 | Hermalin, B.; Weisbach, M. (1998). Endogenously chosen boards of directors and their monitoring of the CEO [56] | Am. Econ. Rev. | Conceptual | 925 |
12 | Adams, R.; Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance [57] | J. Financial Econ. | Empirical | 858 |
13 | Coles et al. (2008). Boards: Does one size fit all? [58] | J. Financial Econ. | Empirical | 817 |
14 | Forbes, D.; Milliken, F. (1999). Cognition and corporate governance [59] | Acad. Manag. Rev. | Conceptual | 814 |
15 | Carter et al. (2003). Corporate governance, board diversity, and firm value [60] | Financial Rev. | Empirical | 773 |
16 | Xie et al. (2003). Earnings management and corporate governance [12] | J. Corp. Finance | Empirical | 764 |
17 | Eisenberg et al. (1998). Larger board size and decreasing firm value in small firms [61] | J. Financial Econ. | Empirical | 763 |
18 | Fan et al. (2007). Politically connected CEOs, corporate governance, and Post-IPO performance of China’s newly partially privatized firms [62] | J. Financial Econ. | Empirical | 748 |
19 | Mizruchi, M. (1996). What do interlocks do? [63] | Annu. Rev. Sociol. | Review | 723 |
20 | Johnson et al. (1996). Boards of directors: a review and research agenda [5] | J. Manag. | Review | 687 |
Rank | Co-Cited Reference | Source | Paper Type | Co-Citations |
---|---|---|---|---|
1 | Fama, E.; Jensen, M. (1983). Separation of ownership and control [64] | J. Law. Econ. | Conceptual | 1232 |
2 | Jensen, M.; Meckling, W. (1976). Theory of the firm [40] | J. Financial Econ. | Conceptual | 1203 |
3 | Yermack, D. (1996). Higher market valuation of companies with a small board of directors [50] | J. Financial Econ. | Empirical | 844 |
4 | Jensen, M. (1993). The modern industrial revolution, exit, and the failure of internal control systems [66] | J. Finance | Conceptual | 840 |
5 | Shleifer, A.; Vishny, R. (1997). A survey of corporate governance [26] | J. Finance | Review | 661 |
6 | Weisbach, M. (1988). Outside directors and CEO turnover [67] | J. Financial Econ. | Empirical | 535 |
7 | Klein, A. (2002). Audit committee, board of director characteristics, and earnings management [51] | J. Account. Econ. | Empirical | 397 |
8 | Fama, E. (1980). Agency problems and the theory of the firm [41] | J. Political Econ. | Conceptual | 389 |
9 | Morck, et al. (1988). Management ownership and market valuation [65] | J. Financial Econ. | Empirical | 365 |
10 | Lipton, M.; Lorsch, J. (1992). A modest proposal for improved corporate governance [68] | Bus. Lawyer | Conceptual | 364 |
11 | Core et al. (1999). Corporate governance, chief executive officer compensation, and firm performance [8] | J. Financial Econ. | Empirical | 337 |
12 | Beasley, M. (1996). An empirical analysis of the relation between the board of director composition and fin. statement fraud [42] | Accounting Rev. | Empirical | 336 |
13 | Gompers et al. (2003). Corporate governance and equity prices [69] | Q. J. Econ. | Empirical | 327 |
14 | Dalton et al. (1998). Meta-analytic reviews of board composition, leadership structure, and financial performance [24] | Strateg. Manag. J. | Review | 326 |
15 | Eisenberg et al. (1998). Larger board size and decreasing firm value in small firms [61] | J. Financial Econ. | Empirical | 312 |
16 | Demsetz, H.; Lehn, K. (1985). The structure of corporate ownership [70] | J. Political Econ. | Empirical | 312 |
17 | Vafeas, N. (1999). Board meeting frequency and firm performance [71] | J. Financial Econ. | Empirical | 295 |
18 | Hillman, A.; Dalziel, T. (2003). Boards of directors and firm performance [43] | Acad. Manag. Rev. | Conceptual | 288 |
19 | Eisenhardt, K. (1989). Agency theory: An assessment and review [72] | Acad. Manag. Rev. | Review | 279 |
20 | La Porta et al. (1999). Corporate ownership around the world [3] | J. Finance | Conceptual | 266 |
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Zheng, C.; Kouwenberg, R. A Bibliometric Review of Global Research on Corporate Governance and Board Attributes. Sustainability 2019, 11, 3428. https://doi.org/10.3390/su11123428
Zheng C, Kouwenberg R. A Bibliometric Review of Global Research on Corporate Governance and Board Attributes. Sustainability. 2019; 11(12):3428. https://doi.org/10.3390/su11123428
Chicago/Turabian StyleZheng, Chenglong, and Roy Kouwenberg. 2019. "A Bibliometric Review of Global Research on Corporate Governance and Board Attributes" Sustainability 11, no. 12: 3428. https://doi.org/10.3390/su11123428
APA StyleZheng, C., & Kouwenberg, R. (2019). A Bibliometric Review of Global Research on Corporate Governance and Board Attributes. Sustainability, 11(12), 3428. https://doi.org/10.3390/su11123428