Exploring the Link between Corporate Governance and Financial Information Quality: A Comprehensive Bibliometric Analysis
Abstract
The quality of financial information is crucial for establishing a company's transparency and integrity, which, in turn, affects its reputation and ability to attract investors. The effective application of corporate governance is expected to improve the quality of financial reporting by ensuring that financial data accurately reflects a company’s performance and financial position. This paper aims to conduct a bibliometric analysis of corporate governance literature, providing an overview of current trends in publications and their impact on the quality of financial information, using data from the Scopus and Web of Science databases. The analysis employs bibliometric software, VOSviewer, to evaluate various metrics. The study examines a sample of 670 articles published between 2018 and 2024 in the Scopus and Web of Science databases. The findings show a significant upward trend in the volume of corporate governance literature, characterized by increased collaboration among authors. The results of this study, which explores how corporate governance influences financial reporting, will offer valuable insights for researchers, regulators, corporations, and investors.
References
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[32] Van Beest, F., Braam, G., and Boelens, S. (2009). Quality of financial reporting: Measuring qualitative characteristics. Nijmegen Center for Economics (NiCE) Working Paper, 09-108.
[33] Van Eck, N. J., and Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, 84(2): 523–538. DOI: 10.1007/s11192-009-0146-3
[34] Waltman, L., Van Eck, N. J., and Noyons, E. C. M. (2010). A unified approach to mapping and clustering of bibliometric networks. Journal of Informetrics, 4(4): 629–635. DOI: 10.1016/j.joi.2010.07.002
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[2] Bae, S. M., Masud, M. A. K., and Kim, J. D. (2018). A cross-country investigation of corporate governance and corporate sustainability disclosure: A signaling theory perspective. Sustainability (Switzerland), 10(8): 2611. DOI: 10.3390/su10082611
[3] Berle, A. A., and Means, G. C. (1932). The modern corporation and private property. Macmillan.
[4] Bushman, R., Chen, Q., Engel, E., and Smith, A. (2004). Financial accounting information, organizational complexity and corporate governance systems. Journal of Accounting and Economics, 37: 167-201. DOI:10.1016/j.jacceco.2003.09.005
[5] Claessens, S., and Yurtoglu, B. (2012). Corporate governance and development - An update. A Global Corporate Governance Forum Publication, Washington, DC.
[6] Cullen, J. G. (2017). Educating business students about sustainability: A bibliometric review of current trends and research needs. Journal of Business Ethics, 145(2): 429–439. DOI: 10.1007/s10551-015-2838-3
[7] Dechow, P., Ge, W., and Schrand, C. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(3): 344–401. DOI:10.1016/j.jacceco.2010.09.001
[8] Ellegaard, O., and Wallin, J. A. (2015). The bibliometric analysis of scholarly production: How great is the impact? Scientometrics, 105(3): 1809–1831. DOI: 10.1007/s11192-015-1645-z
[9] Ezenwoke, O., and Tion, W. (2020). International financial reporting standards (IFRSs) adoption in Africa: A bibliometric analysis. Cogent Social Sciences, 6(1): 1801370. DOI: 10.1080/23311886.2020.1801370
[10] Ferreira, M. P., Santos, J. C., de Almeida, M. I. R., and Reis, N. R. (2014). Mergers & acquisitions research: A bibliometric study of top strategy and international business journals, 1980-2010. Journal of Business Research, 67(12): 2550–2558. DOI: 10.1016/j.jbusres.2014.03.015
[11] Freeman, R. E., and David, L. R. (1983). Stockholders and stakeholders: A new perspective on corporate governance. California Management Review, 25(3): 88–106.
[12] Habib, A., Ranasinghe, D., and Liu, Y. (2024). Labor investment efficiency: A review of the international literature. Journal of Accounting Literature, ahead-of-print. DOI: 10.1108/JAL-10-2024-0277
[13] Hashim, H. A., and Devi, S. S. (2007). Corporate governance, ownership structure, and earnings quality: Malaysian evidence. Research in Accounting and Emerging Economies, 8: 97–123.
[14] Healy, P. M., and Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1-3): 405–440. DOI: 10.1016/S0165-4101(01)00018-0
[15] Inamdar, Z., Raut, R., Narwane, V. S., Gardas, B., Narkhede, B., and Sagnak, M. (2020). A systematic literature review with bibliometric analysis of big data analytics adoption from 2014 to 2018. Journal of Enterprise Information Management, 34(1): 101–139. DOI: 10.1108/JEIM-09-2019-0267
[16] Johnson, E. V., Khurana, I. K., and Reynolds, J. K. (2002). Audit-firm tenure and the quality of financial reports. Contemporary Accounting Research, 19(4): 637-660. DOI: 10.1506/3VE5-BWRX-TX47-9P77
[17] Kamaruzaman, A. J., Mazlifa, M. D., and Maisarah, A. R. (2009). The association between firm characteristics and financial statements transparency: The case of Egypt. International Journal of Accounting, 18(2): 211-223.
[18] Kantudu, A. S., and Samaila, I. A. (2015). Board characteristics, independent audit committee and financial reporting quality of oil marketing firms: Evidence from Nigeria. Journal of Finance and Accounting, 3(4): 127-134.
[19] Kose, J., and Lemma, W. S. (1998). Corporate governance and board effectiveness. Journal of Banking and Finance, 22(2): 371- 403. DOI: 10.1016/S0378-4266(98)00005-3
[20] Kothari, S. P. (2000). The role of financial reporting in reducing financial risks in the market. In Building an infrastructure for financial stability (pp. 89–102). Federal Reserve Bank of Boston.
[21] Li, H., An, H., Wang, Y., Huang, J., and Gao, X. (2016). Evolutionary features of academic articles co-keyword network and keywords co-occurrence network: Based on two-mode affiliation network. Physica A, 450: 657–669. DOI: 10.1016/j.physa.2015.12.062
[22] Liao, H., Tang, M., Luo, L., Li, C., Chiclana, F., and Zeng, X. J. (2018). A bibliometric analysis and visualization of big medical data research. Sustainability, 10(1): 1–18. DOI: 10.3390/su10010166
[23] Liu, X. (2013). Full-text citation analysis: A new method to enhance. Journal of the American Society for Information Science and Technology, 64(7): 1852–1863. DOI: 10.1002/asi.22809.
[24] Nakpodia, F., Adegbite, E., Amaeshi, K., and Owolabi, A. (2018). Neither principles nor rules: Making corporate governance work in Sub-Saharan Africa. Journal of Business Ethics, 151(2): 391–408. DOI: 10.1007/s10551-016-3208-5
[25] Nicolas, C., Valenzuela-Fernandez, L., and Merigo, J. M. (2020). Research trends of marketing: A bibliometric study 1990–2017. Journal of Promotion Management, 26(5): 674–703. DOI:10.1080/10496491.2020.1729315
[26] Oman, C. P. (2001). Corporate governance and national development. An outgrowth of the OECD Development Centre’s Experts Workshop in 2000 and Informal Policy Dialogue in 2001, sponsored in part by CIPE.
[27] Orazalin, N. (2019). Corporate governance and corporate social responsibility (CSR) disclosure in an emerging economy: Evidence from commercial banks of Kazakhstan. Corporate Governance, 19(3): 490–507. DOI: 10.1108/CG-09-2018-0290
[28] Øyna, S., and Alon, I. (2018). A review of born globals. International Studies of Management and Organization, 48(2), 157–180. DOI: 10.1080/00208825.2018.1443737
[29] Shleifer, A., and Vishny, R. W. (1997). A survey of corporate governance. The Journal of Finance, 52(2): 737–783. DOI: 10.1111/j.1540-6261.1997.tb04820.x
[30] Smith, A. (1776). The wealth of nations (Book 4, Chapter 2, pp. 401–402).
[31] Vallaster, C., Kraus, S., Lindahl, J. M. M., and Nielsen, A. (2019). Ethics and entrepreneurship: A bibliometric study and literature review. Journal of Business Research, 99, 226–237. DOI: 10.1016/j.jbusres.2019.02.050
[32] Van Beest, F., Braam, G., and Boelens, S. (2009). Quality of financial reporting: Measuring qualitative characteristics. Nijmegen Center for Economics (NiCE) Working Paper, 09-108.
[33] Van Eck, N. J., and Waltman, L. (2010). Software survey: VOSviewer, a computer program for bibliometric mapping. Scientometrics, 84(2): 523–538. DOI: 10.1007/s11192-009-0146-3
[34] Waltman, L., Van Eck, N. J., and Noyons, E. C. M. (2010). A unified approach to mapping and clustering of bibliometric networks. Journal of Informetrics, 4(4): 629–635. DOI: 10.1016/j.joi.2010.07.002
[35] Zingales, L. (1998). Corporate governance. In P. Newman (Ed.), The New Palgrave Dictionary of Economics and the Law (pp. [page numbers]). Palgrave Macmillan. DOI: 10.2139/ssrn.46906
[36] International Accounting Standards Board (IASB). (2018). Conceptual framework for financial reporting.
Published
2025-03-31
How to Cite
JAMAL-EDDINE, Kaoutar; CHARBA, Abdelkader.
Exploring the Link between Corporate Governance and Financial Information Quality: A Comprehensive Bibliometric Analysis.
Theoretical and Practical Research in Economic Fields, [S.l.], v. 16, n. 1, p. 194 - 206, mar. 2025.
ISSN 2068-7710.
Available at: <https://journals.aserspublishing.eu/tpref/article/view/8788>. Date accessed: 11 apr. 2025.
doi: https://doi.org/10.14505/tpref.v16.1(33).16.
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