Corporate Board Committees and Corporate Outcomes: An International Systematic Literature Review and Agenda for Future Research

91 Pages Posted: 24 Jun 2020

See all articles by Mohammed A. Alhossini

Mohammed A. Alhossini

Shaqra University, Riyadh, Saudi Arabia

Collins G. Ntim

University of Southampton Business School, UK; University of Southampton

Alaa Zalata

University of Southampton - Southampton Business School

Date Written: May 30, 2020

Abstract

This paper comprehensively reviews the current body of international accounting literature regarding advisory/monitoring committees and corporate outcomes. Specifically, it synthesizes, appraises and extends current knowledge on the

(i) theoretical (i.e., economic, accounting/corporate governance, sociological and socio-psychological) perspectives and

(ii) empirical evidence of the observable and less visible attributes at both the individual and committee levels and their link with a wide range (financial/non-financial) of corporate outcomes.

Using the systematic literature review method, 304 articles from 59 journals in the fields of accounting and finance that were published between January 1992 and December 2018 are reviewed. The main findings are as follows. First and theoretically, agency theory is the most dominant applied theory/studies with no application of theory at all (descriptive), whilst the application of integrated theoretical frameworks is lacking in the reviewed articles. Second, the existing empirical evidence focuses excessively on:

(i) monitoring instead of advisory committees and

(ii) observable rather than less visible committee attributes.

Third, scarcity of cross- country studies along with methodological limitations relating to measurement inconsistencies, insufficiency of variables, and dominance of quantitative studies, among others, are identified. Finally, promising future research avenues are outlined.

Keywords: Accounting, Corporate Board Sub-Committees, Corporate Governance, Corporate Outcomes, Advisory and Monitoring Roles

JEL Classification: G3, M12, M14, M4, O32

Suggested Citation

Alhossini, Mohammed A. and Ntim, Collins G. and Zalata, Alaa, Corporate Board Committees and Corporate Outcomes: An International Systematic Literature Review and Agenda for Future Research (May 30, 2020). International Journal of Accounting, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3614878 or http://dx.doi.org/10.2139/ssrn.3614878

Mohammed A. Alhossini (Contact Author)

Shaqra University, Riyadh, Saudi Arabia ( email )

Riyadh
Saudi Arabia
Shagra, Riyadh
Saudi Arabia

Collins G. Ntim

University of Southampton Business School, UK ( email )

Southampton Business School
Highfield
Southampton, England SO17 IBJ
United Kingdom
+44 (0) 238059 4285 (Phone)
+44 (0) 238059 3844 (Fax)

HOME PAGE: http://www.southampton.ac.uk/business-school/about/staff/cgn1n11.page

University of Southampton ( email )

Southampton, SO17 1BJ
United Kingdom

Alaa Zalata

University of Southampton - Southampton Business School ( email )

Southampton, SO17 1BJ
United Kingdom

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