Published Online:April 2026
Product Name:The IUP Journal of Corporate Governance
Product Type:Article
Product Code:IJCG040426
DOI:10.71329/IUPJCG/2026.25.2.64-92
Author Name:Manjari Das and Angshuman Hazarika
Availability:YES
Subject/Domain:Management
Download Format:PDF
Pages:64-92
The study examines how Corporate Governance Quality (CGQ) has been conceptualized, structured, and empirically operationalized in recent academic research, addressing persistent ambiguity in the CGQ literature. For this purpose, a triangulated bibliometric design was employed, integrating Author Co-Citation Analysis (ACA), Reference Co-Citation Analysis (RCA), and Document Bibliographic Coupling (DBC) on a dataset of CGQ studies published between 2020 and 2025 in Scopus-indexed journals. The findings show that CGQ is a latent, multidimensional governance outcome, rather than a singular construct. Conceptually, CGQ research draws on multiple intellectual traditions, without a dominant paradigm. Structurally, these traditions consolidate into four governance architectures: oversight effectiveness, external monitoring credibility, disclosure transparency, and stakeholder legitimacy. Recent studies selectively operationalize these dimensions, with growing emphasis on ESG-oriented governance, disclosure credibility, and externally-validated monitoring, particularly in emerging markets context.
Corporate governance has attracted sustained scholarly and regulatory attention following high profile corporate scandals and financial crises that exposed persistent weaknesses in oversight, accountability, and ethical conduct (Christensen et al., 2021). In response, governance reforms have largely emphasized formal structures, such as board independence mandates, audit committees, ownership arrangements, and disclosure requirements with the expectation of strengthening oversight and constraining managerial opportunism (Zattoni & Cuomo, 2023).