Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries

This paper aims to provide an overview of the trend or focus in the research of corporate governance in emerging countries with the aim to identify the gaps in the existing literature. The review notes that corporate governance research in emerging countries is dominated by economic perspective, in...

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Main Author: Nor Zalina Mohamad Yusof
Format: Article
Language:English
Published: EconJournals 2016-10-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32000/353049?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Nor Zalina Mohamad Yusof
author_facet Nor Zalina Mohamad Yusof
author_sort Nor Zalina Mohamad Yusof
collection DOAJ
description This paper aims to provide an overview of the trend or focus in the research of corporate governance in emerging countries with the aim to identify the gaps in the existing literature. The review notes that corporate governance research in emerging countries is dominated by economic perspective, in particular the agency theory, as researchers follow the strands of research conducted in the more advanced countries, especially the US and the UK. This paper argues that although influential, agency theory is unable to provide sufficient understanding on many issues related to practices for the fact that corporate governance is not happening in social vacuum; it is affected by various other institutional factors and local context. Hence, in order to gain better understanding of corporate governance in emerging countries, alternatives perspectives or theories, such as institutional theory, should be employed by the researchers.
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spelling doaj.art-b7b95c135cd64f5184fed9ce6b0b26ff2023-02-15T16:18:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-10-01671541581032Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging CountriesNor Zalina Mohamad YusofThis paper aims to provide an overview of the trend or focus in the research of corporate governance in emerging countries with the aim to identify the gaps in the existing literature. The review notes that corporate governance research in emerging countries is dominated by economic perspective, in particular the agency theory, as researchers follow the strands of research conducted in the more advanced countries, especially the US and the UK. This paper argues that although influential, agency theory is unable to provide sufficient understanding on many issues related to practices for the fact that corporate governance is not happening in social vacuum; it is affected by various other institutional factors and local context. Hence, in order to gain better understanding of corporate governance in emerging countries, alternatives perspectives or theories, such as institutional theory, should be employed by the researchers.https://dergipark.org.tr/tr/pub/ijefi/issue/32000/353049?publisher=http-www-cag-edu-tr-ilhan-ozturkcorporate governance developing economies agency theory institution
spellingShingle Nor Zalina Mohamad Yusof
Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
International Journal of Economics and Financial Issues
corporate governance
developing economies
agency theory
institution
title Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
title_full Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
title_fullStr Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
title_full_unstemmed Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
title_short Context Matters: A Critique of Agency Theory in Corporate Governance Research in Emerging Countries
title_sort context matters a critique of agency theory in corporate governance research in emerging countries
topic corporate governance
developing economies
agency theory
institution
url https://dergipark.org.tr/tr/pub/ijefi/issue/32000/353049?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv AT norzalinamohamadyusof contextmattersacritiqueofagencytheoryincorporategovernanceresearchinemergingcountries