Corporate Governance and Quality of Financial Reporting in Emerging Markets: A Structured Literature Review

Punita Dhansingh Rajpurohit and Parag Rajkumar Rijwani

Indian Journal of Corporate Governance, 2022, vol. 15, issue 1, 89-134

Abstract: This article is a structured literature review (SLR) on the role of corporate governance (CG) in ensuring/improving the quality of financial reporting (FRQ) in emerging markets and identify avenues for future research. A rigorous search strategy applied across several databases resulted in 51 articles. A detailed analytical framework is used to analyse and synthesise these articles. SLR reveals five major themes of research: regulation, comparative analysis, specificities of country, political connections, and religion. These themes are examined by the selected articles using archival data of non-financial listed firms. This SLR contributes to academia and practice by providing a comprehensive descriptive analysis of the characteristics of articles; synthesising the existing research using a detailed categorisation analysis based on a comprehensive review of themes researched, measurement of CG and FRQ, methodology used, findings and use of interaction terms; and suggesting the avenues for future research. To the best of our knowledge, this study is the first to take a detailed account of the role of CG to ensure FRQ in emerging markets.

Keywords: Audit committee; board of directors; corporate governance; earnings management; ownership structure; quality of financial reporting (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ijcgvn:v:15:y:2022:i:1:p:89-134

DOI: 10.1177/09746862221089060

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