, Volume 15, Issue 3, pp 311-325
Date: 13 Oct 2009

The research frontier in corporate governance

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Abstract

In this paper we attempt to identify the research frontier in corporate governance using three different approaches: (1) what challenges does the financial crisis 2007–2009 pose for corporate governance research? We show that the financial crisis is a huge natural experiment which has exposed gaps in our knowledge of corporate governance and is likely to lead of a rethink of central concepts like shareholder value, debt governance, and management incentives (2) what do we know and what do we need to how about the impact of national institutions on corporate governance? (3) What research questions are raised by a focus on current corporate governance practices?

This paper is prepared for a special issue of the Journal of Management and Governance on Emerging Issues in Management and Governance.