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Evolution of the Debate on Control Enhancing Mechanisms: A Systematic Review and Bibliometric Analysis
Author(s) -
Saggese Sara,
Sarto Fabrizia,
Cuccurullo Corrado
Publication year - 2016
Publication title -
international journal of management reviews
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.475
H-Index - 107
eISSN - 1468-2370
pISSN - 1460-8545
DOI - 10.1111/ijmr.12072
Subject(s) - transparency (behavior) , control (management) , political science , state (computer science) , accounting , proportionality (law) , psychological intervention , positive economics , sociology , law and economics , economics , law , management , computer science , psychology , algorithm , psychiatry
This paper aims to assess the state of the art, the structure and the evolution of the debate on control enhancing mechanisms (hereafter CEMs). It combines bibliometric and qualitative methodologies to analyze 210 articles published in scientific journals up to 2014. The findings show that the academics’ interest has increased over time, and the research has simultaneously developed along two main poles: antecedents and consequences of the proportionality principle. The analyses also reveal that the debate stems from the US studies on the legal principles of disproportionate ownership devices at the end of 19th century, and has been strongly fueled by the ‘law and finance’ theorists. This paper has both theoretical and practical implications. First, it provides insights into underexplored issues where future research efforts could be focused. Second, it supports new policy‐making interventions to CEMs and encourages investor regulation and corporate transparency.