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50 most cited corporate governance papers

The editorial team of Virtus Interpress is happy to present the updated top 50 most cited papers published in Corporate Ownership and Control journal.

On March 25, 2020 we updated top 50 most cited papers published in Corporate Ownership and Control journal. Based upon the data there is a sufficient increase in citations for more than 70% of papers.

Below is a list of papers with reference to their current Google Scholar citations.

1. Licht, A. N. (2004). Cross-listing and corporate governance: Bonding or avoiding? Corporate Ownership & Control, 1(4), 36-48. https://doi.org/10.22495/cocv1i4p3. Quantity of citations: 393.
2. Abdul Hamid, F. Z. (2004). Corporate social disclosure by banks and finance companies: Malaysian evidence. Corporate Ownership & Control, 1(4), 118-130. https://doi.org/10.22495/cocv1i4p10. Quantity of citations: 227.
3. Ayuso, S., & Argandoña, A. (2009). Responsible corporate governance: Towards a stakeholder board of directors? Corporate Ownership & Control, 6(4), 9-19. https://doi.org/10.22495/cocv6i4p1. Quantity of citations: 221.
4. Darmadi, S. (2011). Board diversity and firm performance: The Indonesian evidence. Corporate Ownership & Control, 8(2-4), 450-466. https://doi.org/10.22495/cocv8i2c4p4. Quantity of citations: 203.
5. Kyereboah-Coleman, A., & Biekpe, N. (2007). The relationship between board size, board composition, CEO duality and firm performance: Experience from Ghana. Corporate Ownership & Control, 4(2), 114-122. https://doi.org/10.22495/cocv4i2p11. Quantity of citations:163.
6. Kao, L., & Chen, A. (2004). The effects of board characteristics on earnings management. Corporate Ownership & Control, 1(3), 96-107. https://doi.org/10.22495/cocv1i3p9. Quantity of citations: 154.
7. Nguyen, H., & Faff, R. (2007). Impact of board size and board diversity on firm value: Australian evidence. Corporate Ownership & Control, 4(2), 24-32. https://doi.org/10.22495/cocv4i2p2. Quantity of citations: 143.
8. Chen, C. W., Barry Lin, J., & Yi, B. (2008). CEO duality and firm performance—an endogenous issue. Corporate Ownership & Control, 6(1), 58-65. https://doi.org/10.22495/cocv6i1p6. Quantity of citations: 137.
9. Babatunde, M. A., & Olaniran, O. (2009). The effects of internal and external mechanism on governance and performance of corporate firms in Nigeria. Corporate Ownership & Control, 7(2-3), 230-242. https://doi.org/10.22495/cocv7i2c3p1. Quantity of citations: 125.
10. Tricker, B. (2004). Corporate governance - a subject whose time has come. Corporate Ownership & Control, 2(2), 11-19. https://doi.org/10.22495/cocv2i2p1. Quantity of citations: 122.
11. Yurtoglu, B. B. (2003). Corporate governance and implications for minority shareholders in Turkey. Corporate Ownership & Control, 1(1), 72-86. https://doi.org/10.22495/cocv1i1p9. Quantity of citations: 118.
12. Lee, S. (2008). Ownership structure and financial performance: Evidence from panel data of South Korea. Corporate Ownership & Control, 6(2-2), 254-267. https://doi.org/10.22495/cocv6i2c2p1. Quantity of citations: 115.
13. Rahman, R. A., & Haniffa, R. M. (2004). The effect of role duality on corporate performance in Malaysia. Corporate Ownership & Control, 2(2), 40-47. https://doi.org/10.22495/cocv2i2p4. Quantity of citations: 114.
14. Zhang, W. (2006). China’s SOE reform: A corporate governance perspective. Corporate Ownership & Control, 3(4), 132-150. https://doi.org/10.22495/cocv3i4p14. Quantity of citations: 104.
15. Füerst, O., & Kang, S. H. (2003). Corporate governance, expected operating performance, and pricing. Corporate Ownership & Control, 1(2), 13-30. https://doi.org/10.22495/cocv1i2p1. Quantity of citations:104.
16. Benkel, M., Mather, P., & Ramsay, A. (2006). The association between corporate governance and earnings management: The role of independent directors. Corporate Ownership & Control, 3(4), 65-75. https://doi.org/10.22495/cocv3i4p4. Quantity of citations: 99.
17. Ujunwa, A., Nwakoby, I., & Ugbam, C. O. (2012). Corporate board diversity and firm performance: Evidence from Nigeria. Corporate Ownership & Control, 9(2-1), 216-226. https://doi.org/10.22495/cocv9i2c1art6. Quantity of citations: 94.
18. Tulung, J. E., & Ramdani, D. (2018). Independence, size and performance of the board: An emerging market research. Corporate Ownership & Control, 15(2-1), 201-208. https://doi.org/10.22495/cocv15i2c1p6. Quantity of citations: 91.
19. Rammal, H. G.(2006). The importance of Shari’ah supervision in Islamic financial institutions. Corporate Ownership & Control, 3(3-1), 204-208. https://doi.org/10.22495/cocv3i3c1p5. Quantity of citations: 86.
20. Bianchi, M., & Enriques, L. (2005). Corporate governance in Italy after the 1998 reform: What role for institutional investors? Corporate Ownership & Control, 2(4), 11-31. https://doi.org/10.22495/cocv2i4p1. Quantity of citations: 85.
21. Gupta, P. P., Kennedy, D. B., & Weaver, S. C. (2009). Corporate governance and firm value: Evidence from Canadian capital markets. Corporate Ownership & Control, 6(3-2), 293-307. https://doi.org/10.22495/cocv6i3c2p4. Quantity of citations: 84.
22. Huse, M. (2005). Corporate governance: Understanding important contingencies. Corporate Ownership & Control, 2(4), 41-50. https://doi.org/10.22495/cocv2i4p3. Quantity of citations: 83.
23. Ab Razaka, N. H., Ahmad, R., & Aliahmed, H. J. (2008). Government ownership and performance: An analysis of listed companies in Malaysia. Corporate Ownership & Control, 6(2-4), 434-442. https://doi.org/10.22495/cocv6i2c4p2. Quantity of citations: 74.
24. López-Iturriaga, F. J., & Hoffmann, P. S. (2005). Earnings management and internal mechanisms of corporate governance: Empirical evidence from Chilean firms. Corporate Ownership & Control, 3(1), 17-29. https://doi.org/10.22495/cocv3i1p2. Quantity of citations: 71.
25. Hutchinson, M., & Zain, M. M. (2009). Internal audit quality, audit committee independence, growth opportunities and firm performance. Corporate Ownership & Control, 7(2), 50-65. https://doi.org/10.22495/cocv7i2p4. Quantity of citations: 69.
26. Eklund, J. E., Palmberg, J. & Wiberg, D. (2009). Ownership structure, board composition and investment performance. Corporate Ownership & Control, 7(1), 120-130. https://doi.org/10.22495/cocv7i1p11. Quantity of citations: 67.
27. Ho, P. L., Tower, G., Barako, D. (2008). Improving governance leads to improved corporate communication. Corporate Ownership & Control, 5(4), 26-33. https://doi.org/10.22495/cocv5i4p3. Quantity of citations: 67.
28. Zeitun, R. (2009). Ownership structure, corporate performance and failure: Evidence from panel data of emerging market the case of Jordan. Corporate Ownership & Control, 6(4), 96-114. https://doi.org/10.22495/cocv6i4p10. Quantity of citations: 65.
29. Li, H., & Qi, A. (2008). Impact of corporate governance on voluntary disclosure in Chinese listed companies. Corporate Ownership & Control, 5(2-3), 360-366. https://doi.org/10.22495/cocv5i2c3p5. Quantity of citations: 65.
30. Useem, M. (2004). Corporate governance is directors making decisions: Reforming the outward foundations for inside decision making. Corporate Ownership & Control, 2(1), 129-136. https://doi.org/10.22495/cocv2i1p10. Quantity of citations: 62.
31. Carvalhal da Silva, A. L., Câmara Leal, R. P. (2006). Ownership, control, valuation and performance of Brazilian corporations. Corporate Ownership & Control, 4(1-2), 300-308. https://doi.org/10.22495/cocv4i1c2p6. Quantity of citations: 61.
32. Abdullah, S. N., Mohamad, N. R., & Mokhtar, M. Z. (2011). Board independence, ownership and CSR of Malaysian large firms. Corporate Ownership & Control, 8(2-4), 467-483. https://doi.org/10.22495/cocv8i2c4p5. Quantity of citations: 60.
33. Davidson, W. N., & Rowe, W. (2004). Intertemporal endogeneity in board composition and financial performance. Corporate Ownership & Control, 1(4), 49-60. https://doi.org/10.22495/cocv1i4p4. Quantity of citations: 60.
34. Apreda, R. (2006). The semantics of governance: The common thread running through corporate, public, and global governance. Corporate Ownership & Control, 3(2), 45-53. https://doi.org/10.22495/cocv3i2p6. Quantity of citations: 59.
35. Carels, C., Maroun, W., & Padia, N. (2013). Integrated reporting in the South African mining sector. Corporate Ownership & Control, 11(1-11), 947-961. https://doi.org/10.22495/cocv11i1c11p6. Quantity of citations: 58.
36. Barako, D. G., & Tower, G. (2007). Corporate governance and bank performance: Does ownership matter? Evidence from the Kenyan banking sector. Corporate Ownership & Control 4(2), 133-144. https://doi.org/10.22495/cocv4i2p13. Quantity of citations: 58.
37. Atrill, P., Omran, M., & Pointon, J. (2005). Company mission statements and financial performance. Corporate Ownership & Control, 2(3), 28-35. https://doi.org/10.22495/cocv2i3p3. Quantity of citations: 57.
38. Heshmati, A., & Lööf, H. (2008). Investment and performance of firms: Correlation or causality? Corporate Ownership & Control, 6(2-2), 268-282. https://doi.org/10.22495/cocv6i2c2p2. Quantity of citations: 56.
39. Maingot, M., & Zeghal, D. (2008). An analysis of corporate governance information disclosure by Canadian banks. Corporate Ownership & Control, 5(2-1), 225-236. https://doi.org/10.22495/cocv5i2c1p7. Quantity of citations: 54.
40. Chin, T., Vos, E., & Casey, Q. (2004). Levels of ownership structure, board composition and board size seem unimportant in New Zealand. Corporate Ownership & Control, 2(1), 119-128. https://doi.org/10.22495/cocv2i1p9. Quantity of citations: 53.
41. Alshimmiri, T. (2004). Board composition, executive remuneration, and corporate performance: The case of REITs. Corporate Ownership & Control, 2(1), 104-118. https://doi.org/10.22495/cocv2i1p8. Quantity of citations: 50.
42. Rogers, P., Dami, A. B. T., de Sousa Ribeiro, K. C., & de Sousa, A. F. (2008). Corporate governance and ownership structure in Brazil: Causes and consequences. Corporate Ownership & Control, 5(2), 36-54. https://doi.org/10.22495/cocv5i2p4. Quantity of citations: 49.
43. Boubaker, S. (2007). On the relationship between ownership-control structure and debt financing: new evidence from France. Corporate Ownership & Control, 5(1), 139-154. https://doi.org/10.22495/cocv5i1p12. Quantity of citations: 45.
44. Chung, R., Firth, M., & Kim, J. B. (2005). FCF agency costs, earnings management, and investor monitoring. Corporate Ownership & Control, 2(4), 51-61. https://doi.org/10.22495/cocv2i4p4. Quantity of citations: 45.
45. Chen, J. J. (2003). Corporatisation of China’s state-owned enterprises and corporate governance. Corporate Ownership & Control, 1(2), 82-93. https://doi.org/10.22495/cocv1i2p7. Quantity of citations: 45.
46. Al-Mamun, A., Yasser, Q. R., Rahman, M. A., Wickramasinghe, A., & Nathan, T. M. (2014). Relationship between audit committee characteristics, external auditors and economic value added (EVA) of public listed firms in Malaysia. Corporate Ownership & Control, 12(1-9), 899-910. https://doi.org/10.22495/cocv12i1c9p12. Quantity of citations: 44.
47. Melis, A. (2003). Financial reporting, corporate communication and governance. Corporate Ownership & Control, 1(2), 31-37. https://doi.org/10.22495/cocv1i2p2. Quantity of citations: 44.
48. Arouri, H., Hossain, M., & Muttakin, M. B. (2011). Ownership structure, corporate governance and bank performance: Evidence from GCC countries. Corporate Ownership & Control, 8(4-3), 365-372. https://doi.org/10.22495/cocv8i4c3art5. Quantity of citations: 42.
49. Iskandar-Datta, M., & McLaughlin, R. (2007). Global diversification: Evidence from corporate operating performance. Corporate Ownership & Control, 4(4-1), 228-242. https://doi.org/10.22495/cocv4i4c1p7. Quantity of citations: 41.
50. Bekiaris, M., Efthymiou, T., & Koutoupis, A. G. (2013). Economic crisis impact on corporate governance & internal audit: the case of Greece. Corporate Ownership & Control, 11(1), 55-64. https://doi.org/10.22495/cocv11i1art5. Quantity of citations: 40.

We would like to thank the members of our international scholar network for their contribution to the scholarly research and interest in the papers published in our journals.