Corporate governance research: a contingency framework

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

Citation

Dedman, E. and Filatotchev, I. (2008), "Corporate governance research: a contingency framework", International Journal of Managerial Finance, Vol. 4 No. 4, pp. 248-258. https://doi.org/10.1108/17439130810902778