TY - JOUR
T1 - Corporate governance in entrepreneurial firms
T2 - a systematic review and research agenda
AU - Li, Hezun
AU - Terjesen, Siri
AU - Umans, Timurs
PY - 2018
Y1 - 2018
N2 - This systematic review covers the extant literature on corporate governance in entrepreneurial firms. Using a sample of 137 research papers published from pre-1990 through June 2018 in 60 journals, we categorize outlets, research methods (quantitative, qualitative, review, and non-empirical), theoretical perspectives, and research questions, highlighting key patterns. We then summarize the concepts under study in the sample literature, and the geographical sources and model specification ofquantitative empirical studies. The conclusion highlights the quite fragmented nature of the field and the substantial knowledge gaps, and then proposes an actionable agenda for future research in terms of theories, research questions, research settings, and research designs. In particular, we describe the need to explore how corporate governance mechanisms interact with one another and affect firm outcomes, by applying novel theoretical perspectives and methods that could provide a better understanding of entrepreneurial firms’ functioning.
AB - This systematic review covers the extant literature on corporate governance in entrepreneurial firms. Using a sample of 137 research papers published from pre-1990 through June 2018 in 60 journals, we categorize outlets, research methods (quantitative, qualitative, review, and non-empirical), theoretical perspectives, and research questions, highlighting key patterns. We then summarize the concepts under study in the sample literature, and the geographical sources and model specification ofquantitative empirical studies. The conclusion highlights the quite fragmented nature of the field and the substantial knowledge gaps, and then proposes an actionable agenda for future research in terms of theories, research questions, research settings, and research designs. In particular, we describe the need to explore how corporate governance mechanisms interact with one another and affect firm outcomes, by applying novel theoretical perspectives and methods that could provide a better understanding of entrepreneurial firms’ functioning.
KW - Corporate governance Entrepreneurial firms
KW - Literature review
KW - New venture boards
KW - Research agenda
U2 - https://doi.org/10.1007/s11187-018-0118-1
DO - https://doi.org/10.1007/s11187-018-0118-1
M3 - Article
VL - 54
SP - 43
EP - 74
JO - Small Business Economics
JF - Small Business Economics
SN - 0921-898X
IS - 1
ER -