Corporate governance, accountability and mechanisms of accountability: an overview

Abstract

Purpose

This paper aims to review traditional corporate governance and accountability research, to suggest opportunities for future research in this field.

Design/methodology/approach

The first part adopts an analytical frame of reference based on theory, accountability mechanisms, methodology, business sector/context, globalisation and time horizon. The second part of the paper locates the seven papers in the special issue in a framework of analysis showing how each one contributes to the field. The paper presents a frame of reference which may be used as a “roadmap” for researchers to navigate their way through the prior literature and to position their work on the frontiers of corporate governance research. The paper is primarily discursive and conceptual.

Findings

The paper encourages broader approaches to corporate governance and accountability research beyond the traditional and primarily quantitative approaches of prior research. Broader theoretical perspectives, methodological approaches, accountability mechanism, sectors/contexts, globalisation, and time horizons are identified.

Research limitations/implications

Greater use of qualitative research methods are suggested, which present challenges particularly of access to the “black box” of corporate boardrooms.

Originality/value

Drawing on the analytical framework, and the papers in the special issue, the paper identifies opportunities for further research of accountability and corporate governance.

Citation

Brennan, N.M. and Solomon, J. (2008), "Corporate governance, accountability and mechanisms of accountability: an overview", Accounting, Auditing & Accountability Journal, Vol. 21 No. 7, pp. 885-906. https://doi.org/10.1108/09513570810907401