IS THE RESEARCH ON CORPORATE GOVERNANCE AND PERFORMANCE DIFFERENT? A SYSTEMATIC LITERATURE REVIEW ON EMERGING EUROPEAN COUNTRIES

The objective of this study is to debate on the relevance that the researchers from nine European emerging countries has given to the study of the relationship between corporate governance and corporate performance. A structured literature review was conducted to analyse the papers published by several authors in European journals or presented at international conferences during 2002-2018 period. The main research proposition is to identify the particular interest of researchers, their work visibility and features, as well as the trend in the literature for this area of research from an emerging country perspective. The results show that most of the studies engage a quantitative methodology, focusing on the corporate governance policies used by companies. This paper provides an approach to discover under-investigating topics and methods, thus being a starting point for researchers who will further study this subject. It may have direct implications especially in the academic environment of the European emerging countries.