Modelos de gobernanza corporativa: análisis bibliométrico, temas de interés y tendencias de investigación

Barra lateral del artículo

PDF HTML
Publicado: jul. 17, 2023
DOI: https://doi.org/10.21676/23897848.5589
Palabras clave:
modelos de gobernanza; gobernanza corporativa; bibliometría, árbol de la ciencia.

Contenido principal del artículo

Alejandro Echeverri-Rubio
Universidad de Manizales
https://orcid.org/0000-0002-3611-5438
Jaime Andrés Vieira-Salazar
Universidad Nacional de Colombia Sede Manizales
https://orcid.org/0000-0003-2678-4440
Adriana Ramírez-Cardona
Universidad de Manizales
https://orcid.org/0000-0002-8582-2999
Natalia Mejía-Franco
Universidad de Manizales
https://orcid.org/0000-0003-3738-6384

Resumen

La gobernanza corporativa es una cuestión crucial en el funcionamiento de las empresas y ha sido objeto de evaluación de numerosos estudios en las últimas décadas. La temática se reconoce como fundamental para garantizar transparencia, responsabilidad y ética empresarial. Su implementación adecuada puede mejorar la toma de decisiones, proteger los intereses de los accionistas y fomentar la sostenibilidad a largo plazo. Aunque existe un importante acervo bibliográfico y una creciente atracción por el tema, en la muestra incluida en este artículo no se encuentra ningún documento que desarrolle un análisis bibliométrico de temáticas de interés y de tendencias de investigación en la materia. Por lo tanto, se lleva a cabo dicho tipo de examen con base en la producción científica alojada en las bases Web of Science y Scopus. Los resultados bibliométricos de los 280 documentos resultantes se procesaron mediante la aplicación de plataformas y softwares como RStudio y VOSviewer, y para el análisis de temáticas de interés y tendencias se utilizó el algoritmo de Tree of Science. Dentro de los principales hallazgos, y como líneas de investigación futura, se identifican tres clústeres relacionados con gobernanza corporativa: desempeño organizacional; sostenibilidad y stakeholders; y toma de decisiones estratégicas.

Descargas

Los datos de descargas todavía no están disponibles.

Detalles del artículo

Cómo citar
Echeverri-Rubio, A. ., Vieira-Salazar, J. A. ., Ramírez-Cardona, A. ., & Mejía-Franco, N. . (2023). Modelos de gobernanza corporativa: análisis bibliométrico, temas de interés y tendencias de investigación. Clío América, 17(34), 72–86. https://doi.org/10.21676/23897848.5589
Número
Vol. 17 Núm. 34 (2023): julio - diciembre 2023
Sección
Artículo de Revisión
Creative Commons License

Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.

Esta revista proporciona un acceso abierto a su contenido, basado en el principio de ofrecer al público un acceso libre a las investigaciones ayuda a un mayor intercambio global del conocimiento. De igual forma su versión impresa es de libre acceso y no tiene costos asociados por publicación.

Biografía del autor/a

Alejandro Echeverri-Rubio, Universidad de Manizales

Mag. Universidad de Manizales. Colombia. Email: aecheverri@umanizales.edu.co ORCID: https://orcid.org/0000-0002-3611-5438

Jaime Andrés Vieira-Salazar, Universidad Nacional de Colombia Sede Manizales

PhD. Universidad Nacional de Colombia Sede Manizales. Colombia. Email: javieiras@unal.edu.co ORCID: https://orcid.org/0000-0003-2678-4440

Adriana Ramírez-Cardona, Universidad de Manizales

PhD. Universidad de Manizales. Colombia. Email: aramirez@umanizales.edu.co ORCID: https://orcid.org/0000-0002-8582-2999

Natalia Mejía-Franco, Universidad de Manizales

Mag. Universidad de Manizales. Colombia. Email: nmejia@umanizales.edu.co ORCID: University ManizalesUniversityhttps://orcid.org/0000-0003-3738-6384

Citas

Ahmad, S. y Omar, R. (2016). Basic corporate governance models: a systematic review. International Journal of Law and Management, 58(1), 73-107. https://doi.org/10.1108/IJLMA-10-2014-0057

Akyol, A. C. (2020). Corporate governance and fraud. In Corporate Fraud Exposed: A Comprehensive and Holistic Approach (pp. 107-125). Emerald Publishing Limited. https://doi.org/10.1108/978-1-78973-417-120201007

Amina, B. (2015). Dividend policy and corporate governance in Saudi Arabian stock market. Corporate Ownership & Control, 12(2), https://doi.org/10.22495/cocv12i2p7

Aria, M. y Cuccurullo, C. (2017). bibliometrix: An R-tool for comprehensive science mapping analysis. Journal of Informetrics, 11(4), 959-975. https://doi.org/10.1016/j.joi.2017.08.007

Ba, Y. (2021). Corporate-led environmental governance: a theoretical model. Administration & Society, 53(1), 97-122. https://doi.org/10.1177/0095399720918512

Bhagat, S., Bolton, B. y Romano, R. (2008). The promise and peril of corporate governance indices. Columbia law review, 1803-1882. https://www.jstor.org/stable/40041812

Bilgin, M. H., Gozgor, G. y Lau, C. K. M. (2017). Institutions and gravity model: The role of political economy and corporate governance. Eurasian Business Review, 7, 421-436. https://doi.org/10.1007/s40821-016-0069-x

Black, B. S., Jang, H. y Kim, W. (2006). Does corporate governance predict firms' market values? Evidence from Korea. Journal of Law, Economics, and Organization, 22(2), 366-413. https://doi.org/10.1093/jleo/ewj018

Camilleri, M. A. (2019). Theoretical insights on integrated reporting: The inclusion of non-financial capitals in corporate disclosures. Corporate Communications: An International Journal, 24(4), 567-581. https://doi.org/10.1108/CCIJ-01-2018-0016

Cardoni, A., Kiseleva, E. y Lombardi, R. (2020). A sustainable governance model to prevent corporate corruption: Integrating anticorruption practices, corporate strategy and business processes. Business Strategy and the Environment, 29(3), 1173-1185. https://doi.org/10.1002/bse.2424

Carroll, A. B. (2015). Corporate social responsibility: The centerpiece of competing and complementary frameworks. Organizational dynamics. 44(2), 87-96. https://doi.org/10.1016/j.orgdyn.2015.02.002

Cernat, L. (2004). The emerging European corporate governance model: Anglo-Saxon, Continental, or still the century of diversity? Journal of European Public Policy, 11(1), 147-166. https://doi.org/10.1080/1350176042000164343

Chatterjee, S. D. (2011). Banking sector governance: Lessons from Hong Kong listed bands. A three year perspective analysis. The International Journal of Management Science and Information Technology, 1, 45-64. http://hdl.handle.net/10419/97855

Chen, C., Dubin, R. y Schultz, T. (2015). Science Mapping. En M. Khosrow-Pour (Ed.), Encyclopedia of Information Science and Technology (tercera edición, pp. 4171-4184). IGI Global. https://doi.org/10.4018/978-1-4666-5888-2.ch410

Cortés, L. M., Durán, I. A., Gaitán, S. y Vasco, M. (2017). Mergers and acquisitions in Latin America: Industrial productivity and corporate governance. Emerging Markets Finance and Trade, 53(10), 2179-2198. https://doi.org/10.1080/1540496X.2016.1258358

Cuervo-Cazurra, A. y Genc, M. (2008). Transforming disadvantages into advantages: Developing-country MNEs in the least developed countries. Journal of International Business Studies, 39(6), 957-979. https://doi.org/10.1057/palgrave.jibs.8400390

Davis, J. H., Schoorman, F. D. y Donaldson, L. (2017). Toward a Stewardship Theory of Management. Academy of Management Review, 22(1), 20-47. https://doi.org/10.5465/amr.1997.9707180258

Doh, J. P. y Guay, T. R. (2006). Corporate Social Responsibility, public policy, and NGO activism in Europe and the United States: An institutional-stakeholder perspective. Journal of Management Studies, 43(1), 47-73. https://doi.org/10.1111/j.1467-6486.2006.00582.x

Donaldson, T. y Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65-91. https://doi.org/10.5465/amr.1995.9503271992

Doni, F., Corvino, A. y Bianchi Martini, S. (2022). Corporate governance model, stakeholder engagement and social issues evidence from European oil and gas industry. Social Responsibility Journal, 18(3), 636-662. https://doi.org/10.1108/SRJ-08-2020-0336

du Plessis, J. J. (2023). 4 “Shareholder capitalism” or an all-inclusive stakeholder model What is the preferred corporate governance model for South Africa?. In: Financial Inclusion Regulatory Practices in SADC (Addressing Prospects and Challenges in the 21st Century, 1). https://doi.org/10.4324/9781003369400

Egbunike, C. F. y Odum, A. N. (2018). Board leadership structure and earnings quality: Evidence from quoted manufacturing firms in Nigeria. Asian Journal of Accounting Research, 3(1), 82-111. https://doi.org/10.1108/AJAR-05-2018-0002

Fama, E. F. y Jensen, M. C. (1983). Separation of Ownership and Control. The Journal of Law and Economics, 26(2), 301-325. https://www.jstor.org/stable/725104

Fratini, F. y Tettamanzi, P. (2015). Corporate governance and performance: Evidence from Italian companies. Open journal of business and management, 3(02), 199. http://dx.doi.org/10.4236/ojbm.2015.32020

Ganz, A., Schlotefeldt, J. O. y Rodrigues Junior, M. M. (2020). Corporate governance and capital asset pricing models. RAM. Revista de Administração Mackenzie, 21. https://doi.org/10.1590/1678-6971/eRAMF200010

Gillan, S. L. y Starks, L. T. (2000). Corporate governance proposals and shareholder activism: The role of institutional investors. Journal of Financial Economics, 57(2), 275-305. https://doi.org/10.1016/S0304-405X(00)00058-1

González, M., Guzmán, A., Téllez, D. y Trujillo, M. A. (2021). The effectiveness of corporate governance hybrid models in emerging markets: The case of the Issuer Recognition program. Corporate Governance: An International Review, 29(3), 252-276. https://doi.org/10.1111/corg.12358

Hernández-Perdomo, E., Guney, Y. y Rocco, C. M. (2019). A reliability model for assessing corporate governance using machine learning techniques. Reliability Engineering & System Safety, 185, 220-231. https://doi.org/10.1016/j.ress.2018.12.027

Huang, Y. S. y Wang, C. J. (2015). Corporate governance and risk-taking of Chinese firms: The role of board size. International Review of Economics & Finance, 37, 96-113. https://doi.org/10.1016/j.iref.2014.11.016

Huang, Y., Chen, A. y Kao, L. (2012). Corporate governance in Taiwan: The nonmonotonic relationship between family ownership and dividend policy. Asia Pacific Journal of Management, 29, 39-58. https://doi.org/10.1007/s10490-011-9279-z

Jeffers, E. (2005). Corporate governance: Toward converging models?. Global Finance Journal, 16(2), 221-232. https://doi.org/10.1016/j.gfj.2005.06.003

Jensen, M. C. (1993). The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. The Journal of Finance, 48(3), 831-880. https://doi.org/10.1111/j.1540-6261.1993.tb04022.x

Jensen, M. C. y Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X

Johnson, S., Boone, P., Breach, A. y Friedman, E. (2000). Corporate governance in the Asian financial crisis. Journal of financial Economics, 58(1-2), 141-186. https://doi.org/10.1016/S0304-405X(00)00069-6

Karpoff, J. M. (2021). On a stakeholder model of corporate governance. Financial Management, 50(2), 321-343. https://doi.org/10.1111/fima.12344

Kaufman, A. y Englander, E. (2005). A team production model of corporate governance. Academy of Management Perspectives, 19(3), 114-125. https://doi.org/10.5465/ame.2005.18733212

Ke, D., Jia, X., Li, Y. y Wang, P. (2023). Corporate social responsibility, brand value and corporate governance: new evidence from a 3SLS model. Chinese Management Studies. https://doi.org/10.1108/CMS-06-2022-0213

La Porta, R., López-de-Silanes, F., Shleifer, A. y Vishny, R. W. (1998). Law and finance. Journal of Political Economy, 106(6), 1113-1155. https://doi.org/10.1086/250042

Levillain, K., Reiser, D. B., Segrestin, B., Stahl, G. K., y Voegtlin, C. (2019, August). The Purpose-Driven Corporate Forms: Tackling Grand Societal Challenges with Innovations in Governance and Corporate Responsibility. In Academy of Management. https://shs.hal.science/halshs-02296447

Lipton, M. y Lorsch, J. W. (1992). A modest proposal for improved corporate governance. Business Lawyer, 48(1), 59-77. http://www.jstor.org/stable/40687360

Mendoza-Velázquez, A., Ortuño-Barba, L. C. y Conde-Cortés, L. D. (2022). Corporate governance and firm performance in hybrid model countries. Review of Accounting and Finance, 21(1), 32-58. https://doi.org/10.1108/RAF-10-2020-0293

Merino, B. D., Mayper, A. G. y Tolleson, T. D. (2010). Neoliberalism, deregulation and Sarbanes‐Oxley: The legitimation of a failed corporate governance model. Accounting, Auditing & Accountability Journal, 23(6), 774-792. https://doi.org/10.1108/09513571011065871

Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M., Shekelle, P., Stewart, L. A. y PRISMA-P Group. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematic Reviews, 4(1), 1-9. https:// doi.org/10.1186/2046-4053-4-1

Murphy, M. J. y Smolarski, J. M. (2020). Religion and CSR: An Islamic “political” model of corporate governance. Business & Society, 59(5), 823-854. https://doi.org/10.1177/0007650317749222

Mutamimah, M. e Indriastuti, M. (2023). Fintech, financial literacy, and financial inclusion in Indonesian SMEs. International Journal of Entrepreneurship and Innovation Management, 27(1-2), 137-150. https://doi.org/10.1504/IJEIM.2023.129331

Nelson, S. P. y Mohamed-Rusdi, N. F. (2015). Ownership structures influence on audit fee. Journal of Accounting in Emerging Economies, 5(4), 457-478. https://doi.org/10.1108/JAEE-05-2013-0027

Qi, W., Huang, Z., Dinçer, H., Korsakienė, R. y Yüksel, S. (2020). Corporate governance-based strategic approach to sustainability in energy industry of emerging economies with a novel interval-valued intuitionistic fuzzy hybrid decision making model. Sustainability, 12(8), 3307. https://doi.org/10.3390/su12083307

Robledo, S., Osorio, G. y López-Espinosa, C. (2014). Networking en pequeña empresa: una revisión bibliográfica utilizando la teoría de grafos. Revista Vínculos, 11(2), 6-16. http://hdl.handle.net/11349/21554

Rubio‐Andrés, M., Ramos‐González, M. D. M., Sastre‐Castillo, M. Á. y Danvila‐del‐Valle, I. (2020). Exploring sustainability, good governance, and social responsibility in small and medium enterprises. Corporate Social Responsibility and Environmental Management, 27(2), 852-869. https://doi.org/10.1002/csr.1849

Sáenz-González, J. y García-Meca, E. (2014). Does corporate governance influence earnings management in Latin American markets?. Journal of business ethics, 121, 419-440. https://doi.org/10.1007/s10551-013-1700-8

Sánchez, J. L. F., Sotorrío, L. L. y Díez, E. B. (2011). The relationship between corporate governance and corporate social behavior: A structural equation model analysis. Corporate Social Responsibility and Environmental Management, 18(2), 91-101. https://doi.org/10.1002/csr.244

Sapp, S. G. (2008). The impact of corporate governance on executive compensation. European Financial Management, 14(4), 710-746. https://doi.org/10.1111/j.1468-036X.2008.00443.x

Shah, N. y Napier, C. J. (2019). Governors and directors: Competing models of corporate governance. Accounting History, 24(3), 338-355. https://doi.org/10.1177/1032373218800839

Shleifer, A. y Vishny, R. W. (1997). A Survey of Corporate Governance. Journal of Finance, 52(2), 737-783. https://scholar.harvard.edu/files/shleifer/files/surveycorpgov.pdf

Valencia-Hernández, D. S., Robledo, S., Pinilla, R., Duque-Méndez, N. D. y Olivar-Tost, G. (2020). SAP algorithm for citation analysis: An improvement to tree of Science. Ingeniería E Investigación, 40(1). https://doi.org/10.15446/ing.investig.v40n1.77718

Waheed, A., Mahmood, H. y Wen, J. (2022). Corporate governance, litigation risk and firm performance: a mediation moderating model. International Journal of Emerging Markets, (ahead-of-print). https://doi.org/10.1108/IJOEM-02-2022-0320

Wójcik, D. (2003). Change in the German model of corporate governance: evidence from blockholdings 1997–2001. Environment and Planning A, 35(8), 1431-1458. https://doi.org/10.1068/a35162

Xiao, J. Z. (2008). Corporate governance and risk-taking in China's listed firms: A regression analysis of firm-specific characteristics. Corporate Governance: An International Review, 16(2), 111-125. https://doi.org/10.1016/j.iref.2014.11.016

Yeh, Y. H., Shu, P. G. y Su, Y. H. (2012). Related-party transactions and corporate governance: The evidence from the Taiwan stock market. Pacific-Basin Finance Journal, 20(5), 755-776. https://doi.org/10.1016/j.pacfin.2012.02.003

Yermack, D. (2017). Corporate governance and blockchains. Review of finance, 21(1), 7-31. https://doi.org/10.1093/rof/rfw074

Yusra, I. y Bahtera, N. T. (2021). Prediction modelling the financial distress using corporate governance indicators in Indonesia. Jurnal Kajian Manajemen Bisnis, 10(1), 18-32. https://doi.org/10.24036/jkmb.11228400

Zaman, R., Jain, T., Samara, G. y Jamali, D. (2022). Corporate governance meets corporate social responsibility: Mapping the interface. Business & Society, 61(3), 690-752. https://doi.org/10.1177/0007650320973415

Zheng, V. y Ho, T. M. (2012). Contrasting the evolution of corporate governance models: A study of banking in Hong Kong. Asia Pacific Business Review, 18(3), 407-423. https://doi.org/10.1080/13602381.2011.626156

Zuluaga, M., Robledo, S., Arbelaez-Echeverri, O., Osorio-Zuluaga, G. A. y Duque-Méndez, N. (2022). Tree of Science-ToS: A web-based tool for scientific literature recommendation. Search less, research more!. Issues in Science and Technology Librarianship, (100). https://doi.org/10.29173/istl2696

Zupic, I. y Čater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429-472. https://doi.org/10.1177/1094428114562629