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In the debate about corporate governance, it is often claimed that good corporate governance contributes to better company performance (Rechner & Dalton, 1991; Bozec et al., 2010; Walls et al., 2012). But to what extent is academic evidence available to prove this claim? And what can be perceived as good corporate governance when it comes to proven relationships with aspects of company performance? The purpose of this article is to explore the academic evidence for a correlation between certain aspects of corporate governance and company performance. In order to do so, this study builds upon a broad definition of corporate governance. Corporate governance is the organizational process through which the company’s objectives are defined, and through which the means of attaining those objectives and monitoring performance are determined (Melis, 2014). Corporate governance as Abstract

Does good corporate governance lead to better firm performance? Strategic lessons from a structured literature review