A Proposal of a Conceptual Framework for Corporate Governance Research

Objective: This paper aims at presenting and discussing a conceptual framework for corporate governance research. Method: The structure adopted for this framework derives from our analysis of some of the existing conceptual frameworks for corporate governance, which, despite their strengths, still f...

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Veröffentlicht in:Contabilidade, gestão e governança gestão e governança, 2021-12, Vol.24 (3), p.312-330
Hauptverfasser: Trambacos, Fernando, Albanez, Tatiana, Carvalho, Luiz Nelson Guedes de
Format: Artikel
Sprache:eng
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Zusammenfassung:Objective: This paper aims at presenting and discussing a conceptual framework for corporate governance research. Method: The structure adopted for this framework derives from our analysis of some of the existing conceptual frameworks for corporate governance, which, despite their strengths, still fail to achieve a consensus and establish a shared structure. Originality/Relevance: It is our understanding, therefore, that the original framework proposed in this paper is more structured and comprehensive regarding the current literature than previous frameworks. Results: The proposed framework starts from the classic division between internal and external environment variables and then divides the internal environment into three dimensions: (i) structural (principal-principal relations); (ii) operational (principal-agent relations); and (iii) behavioral (interpersonal relations). All these categories contain extremely relevant discussions and enable researchers to view corporate governance as an integrated whole. Theoretical/Methodological contributions: Under an academic perspective, the proposed framework consolidates the knowledge produced within the field in a structured way and facilitates a harmonious and integrated understanding of its different facets. Social/management contributions: Professionals and regulators can use our framework to have a structured and integrated view of the existing corporate governance mechanisms, assisting their decisions in the elaboration of policies and recommendations.
ISSN:1984-3925
1984-3925
DOI:10.51341/1984-3925_2021v24n3a4