Abstract:
The objective of this paper is to systematically review the extant literature, and establish
a conceptual relationship between the concept of corporate governance (by using the
multi-dimensional index) and corporate performance. Ample research analyses have been
presented during the recent years on the relationship between corporate governance and
corporate performance in various countries and for number of periods. The present study
explores, to be precise, the relationship between the corporate governance measured in
terms of an index and the firm performance in the extant literature through a systematic
literature review by adopting the PRISMA (Preferred news things for Systematic Reviews
and Meta-Analysis) framework. The systematic review is particularly important, as it
curtails any biases by adopting a scientific and transparent method that is replicable.
Accordingly, a sample of fifty research papers, published from 1980 to 2020, have been
utilized that are on corporate governance and corporate performance. The findings
of this paper propose that superior governance in companies results in a positive
relationship with corporate performance. governance in companies The findings of this
paper also highlights the most cited papers that examines this relationship and the most
cited journals with observed trends, which enables research scholars for their further
studies. Moreover, this study supports practitioners and policymakers to understand a
crucial standing point of the existing literature supported by evidence.
