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The purpose of this paper is to review the state of existing literature for various corporate governance models by answering specific questions. Much has been written in the recent years on various corporate governance (CG) models, primarily the model of Anglo-Saxon and Continental European. In particular, it investigates most examined model in literature, forums used to publish and research types conducted, as well as basic differences between the two models. Findings of this paper suggest that more evidence-based systematic reviews on various aspects and geographical regions are needed to map the entire field of CG.

Much has been written in the recent years on various CG models, primarily the model of Anglo-Saxon and Continental European. This paper attempts to review the state of existing literature for these models by answering specific questions. In particular, it investigates most examined model in literature, forums used to publish and research types conducted, as well as basic differences between the two models. Findings of this paper suggest that more evidence-based systematic reviews on various aspects and geographical regions are needed to map the entire field of CG.

The authors found that although both models are well-reviewed, Continental European model is mostly explored with 47 per cent contributions as compared to Anglo-Saxon with 45 per cent. Moreover, majority of contributions are based on analytical research in terms of research type (30 per cent) and primarily focus on convergence of models. In addition, some 85 per cent of selected studies are based on theoretical research work, which leads to a significant dearth of empirical studies in the literature.

The scope of the paper is limited to two basic models of CG, namely, Anglo-Saxon model and Continental European model in context of specific research questions.

The systematic review on the basic models will assist the practitioners and policy-makers in determining the status of existing literature based on evidences. Further, it may facilitate in formulating new laws, regulations, codes and policies.

The authors used evidenced-based systematic approach for conducting literature review of CG models. Systematic review is getting much attention of researchers, as it minimizes the bias by adopting a replicable, scientific and transparent process. This review, as contrary to narrative, contributes to the CG models literature the findings based on evidences.

The purpose of this paper is to clarify the relationship between language, thinking and society for explaining the degree of visibility of the French organizational studies (OS) production.

This paper proposes a sociological analysis based on Bourdieu field to understand the variation of reception the French OS production have had among the Anglo-Saxon field. The paper aims to underline some key elements, which can explain the differences of reception experienced by the French OS scientists. The paper opted for a general review using historical data; reviews of OS literature; and Google scholar, Web of Science and major OS Journal data.

The paper provides some evidence about how the degree of visibility of the French OS production is related to translation, cognitive and social resonance, producer place in the scientific network and relationship between the fields. It suggests that the degree of visibility is the result of a complex set of socio-cognitive schemes, social issues raised by the scholar and the place occupied by the researcher in the field.

The paper brings interesting ideas concerning the international development of the OS field, the degree of visibility of diverse contributions coming from non-English speaking researchers, notably the French ones, and how the dialogue between different linguistic and social universes can be ameliorated.

This paper aims at advancing research on the identification and the first test of the primary steps companies follow to generate and maintain enablers of long-term marketing relationships in cross-cultural business. To achieve the objective, the authors first identify the communication difficulties in generating and maintaining long-term relationships in bi-cultural or multi-cultural settings. They then develop the building blocks, or enablers, that are needed to form and maintain enduring relationships. They finally illustrate the suggested process by describing the use of enablers in two contrasting cultures, the Anglo-Saxon and the Latin, using samples from the United States and Chile, respectively.

The purpose of this paper is to help Ibero-American researchers identify the key challenges and benefits of moving to an Anglo-Saxon university for a period in their careers.

This is a review of the insights provided by a number of prominent Ibero-American scholars based on the main experiences they have encountered.

The paper analyzes three situations: a research visit, searching for a long-term position in North America (NA) and pursuing a PhD program in NA. The paper introduces some principles to succeed in these situations.

The paper defines different strategies to take full advantage of a professional stage in an Anglo-Saxon/US university.

Institutions underpin the operation of national economies. These differ significantly between countries reflecting varying historical paths, policy choices and national cultures. Moreover, they need to be understood systemically as an ensemble of relations between their component parts: financial systems, corporate governance, industrial relations, patterns of state intervention, etc., have evolved together so that their operation and effects tend to reinforce each other. Different countries faced by common exogenous changes will tend to evolve along different lines rather than converge. National institutions matter: they significantly affect economic performance and distribution.

This study aims to examine constituents’ political participation in the establishment of an Accounting Standards Advisory Forum (ASAF).

Based on a literature review, three hypotheses regarding political participation in global accounting standard-setting are constructed: regional disparity, professional dominance and financialization. These hypotheses are tested through a content and narrative analysis of the comment letters on the establishment of the ASAF.

Consistent with the regional-disparity hypothesis, neither Anglo–Saxon nor European Union countries were active advocates or positive supporters of ASAF’s establishment. However, no evidence supporting the professional and financialization hypotheses was found. Narrative analysis suggests a divergence of opinion among vested-interest groups in the International Accounting Standards Board (IASB), emerging nations and other groups, rather than the traditional conflicts between Anglo–Saxon and European countries. This suggests the possibility of a future-destabilizing factor in global standard-setting.

By discussing the IASB’s organizational and strategic changes and the constituents’ responses, this study describes the IASB’s organizational dynamics: how various stakeholders react to each other. Although prior studies primarily focused on comment letters regarding the contents of an accounting standard or the standard itself, this study examines such letters considering the size and composition of, and membership in, the ASAF, an organization within the IFRS Foundation (IFRSF). Therefore, the study reflects constituents’ opinions regarding their participation in the IFRSF/IASB more directly.

Drawing on the semantic field theory, the paper aims to uncover the challenges of importing and translating a management accounting concept into the Russian language and the semantic nature of resistance towards the imported management accounting concept.

The paper draws on the extensive literature review of the histories of accounting in the Soviet Union and the United States in the first part of the twentieth century and 17 interviews conducted with the Russian accounting academics.

We demonstrate the case of resistance in adopting the imported Anglo-Saxon management accounting concept. We also discuss historical underpinning and origins of this resistance in light of semantic field theory.

The paper calls for more research in the non-Anglo-Saxon contexts problematizing conventional assumptions and beliefs about objectivity and universality of accounting language.

The study demonstrates the importance of understanding historical and cross-cultural developments of accounting language for accounting educators and practitioners. Critical awareness of the differences in semantic fields of accounting can help accounting researchers and educators to develop contextualized research projects and context-relevant teaching practices.

The study contributes to the literature on translations of accounting concepts by demonstrating that accounting concepts are not understood in isolation, instead, they are interpreted in relation to each other. The present study demonstrates that the relationship between the management accounting concept (the signifier) and its meanings (signifieds) is fluid, culturally and historically contingent. To understand this relationship, we should attend to the historical development of semantic fields and associative relations between concepts.

This study aims to analyse the effect of borrower’s countries on syndicated loan spreads, featuring countries according to institutional factors, namely, financial systems and corporate governance systems.

This study is an empirical investigation based on a unique sample of more than 85,000 syndicated loans from 122 countries. The paper uses standard and two-stage least squares regression analysis to test whether the types of financial and corporate governance systems affect loan spreads.

The paper finds that borrowers from countries with financial systems oriented towards the banking-based paradigm pay lower interest rate spreads than those from countries with financial systems oriented towards the market-based paradigm. In addition, there is evidence that borrowers from countries with more developed financial systems pay lower spreads. The results also show that borrowers from countries with an Anglo-Saxon governance system pay higher spreads than borrowers from countries with a Continental governance system.

This study does not consider potential promiscuous relationships that can arise at the ownership structure and governance level between banks and borrowers and may affect loan spreads.

This study suggests that financial and corporate governance systems are essential factors in the financial intermediation process. Furthermore, the evidence indicates that corporates with higher potential agency costs and higher potential information asymmetry are requested to pay higher spreads. Therefore, the opportunities to such corporates invest optimally tend to be scarcer.

The paper highlights the impact of institutional factors on the cost of financing, characterising the countries according to the type of financial system and the type of corporate governance system. The study finds that borrowers from countries with bank-based financial systems pay lower interest rate spreads than those from countries with market-based financial systems. The paper also highlights how the level of financial development affects the cost of financing. The paper focusses on non-financial firms, unlike financial firms, which have been the focus of several empirical studies on topics relating to the cost of funding and corporate governance.

The aim of the paper is to highlight the differences between the corporate governance systems in Anglo‐Saxon and Continental European countries, and to argue that legal convergence or isomorphism may become more of a problem than a solution in countries where an issue like minority shareholders' protection is the primary corporate governance problem.

The paper uses a number of surveys to support the trend of legal and ownership convergence in Anglo‐Saxon and Continental European countries. The main concern, in Continental European countries, is the expropriation of minority shareholders by the dominant major shareholders, whereas in Anglo‐Saxon firms the main concern is the expropriation of shareholders by the dominant managers (agency problem). Then it analyses the legal initiatives to determine the appropriateness of the legal framework with the fundamentals characteristics of corporations.

Regardless of the trend for ownership dispersion and convergence of securities laws and regulations observed in the last decade, the main characteristics of ownership structure remain unchanged and the two systems of corporate governance remain distinctively separate. The paper argues that legal‐regulative convergence is not adequate to achieve real corporate governance system convergence. As long as the fundamental differences of the corporate governance systems differ, legal and regulating isomorphism may be the cause of problems and not a solution.

The paper presents an alternative approach in legal‐regulatory framework formulation. It advocates the introduction of a different set of practices and legal initiatives for countries with different characteristics and corporate governance problems.

This conceptual paper aims to explore the leadership of Korean middle managers in a cross-cultural context.

This paper presents three propositions in relation to perceived charisma, individualized consideration and inspirational communication of Korean transformational leadership at home and overseas, especially in comparison with Anglo-Saxon countries such as North America and the UK.

Following the notion of implicit theory of leadership, this paper argues that the effectiveness of Korean leadership may depend on cultural dimensions such as collectivism/individualism and power distance.

In this paper, the perspective of transformational leadership with its universal appeal to various cultures in examining the effectiveness of Korean leadership at home and overseas has been adapted.

This illustration of the Korean leadership in a cross-cultural context sheds light on the challenges facing the Korean management in global contexts.

Despite significant ongoing investment abroad by Korean conglomerates, relatively little has been written on Korean leadership in cross-cultural contexts. This paper could stimulate further studies in this area.