International corporate governance: A review and opportunities for future research

• 成果类型: Review
• 署名作者: Aguilera, Ruth V.; Marano, Valentina; Haxhi, Ilir
• 署名单位: Northeastern University; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); University of Amsterdam
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-019-00232-w
• 发表日期: 2019
• 页码: 457-498
• 关键词: multinational corporations (MNCs) and enterprises (MNEs); corporate governance; comparative organizational studies; Headquarters-subsidiary roles and relations; ownership/control structures; international corporate governance

摘要

We review four decades of research about the corporate governance of multinational corporations (MNCs), which we label International Corporate Governance (ICG). We identify and discuss three main streams of research that draw on different conceptualizations and theoretical lenses of (corporate) governance. After synthesizing their respective findings, we propose several avenues for future research that integrate these three streams of research with the goal of developing a more nuanced understanding of ICG. We hope this review article will inspire international business scholars to continue examining how corporate governance can be an effective tool for MNC success.