Corporate Governance and Evolving Corporate Disclosures: Global Challenges and Opportunities for Research and Policy

• Published date: 01 January 2023
• Date: 01 January 2023
• DOI: http://doi.org/10.1111/corg.12498

Call for Papers

Corporate Governance: An International Review

Special Issue on

“Corporate Governance and Evolving Corporate Disclosures:

Global Challenges and Opportunities for Research and Policy”

Conference Submission Deadline: April 1, 2023

Special Issue Submission Deadline: October 1, 2023

Guest Editors

Vasiliki Athanasakou, Sobey School of Business, Saint Mary’s University, Canada

Bjørn N. Jørgensen, Copenhagen Business School, Denmark

Gerardo Pérez Cavazos, Rady School of Management, UC San Diego, USA

Georgios Voulgaris, University of Manchester, UK

BACKGROUND

The aim of this special issue is to bring together research that will help us achieve a

deeper understanding of the fundamental association between corporate governance

structures and evolving corporate disclosures. Accounting is increasingly developing

beyond financial statements at an international level, to include mandatory and volun-

tary disclosures of financial and non-financial, qualitative and quantitative information

about the company’s financial position and performance, strategy and business

model, risks, uncertainties and future prospects, and social and environmental respon-

sibility. Such developments have been endorsed by national (e.g., US Financial Ac-

counting Standards Board (FASB), UK Financial Reporting Council (FRC)) and supra-

national (International Accounting Standards Board (IASB)) standard setters and reg-

ulators. For example, the U.S. Securities and Exchange Commission (SEC) has re-

cently proposed new rules on climate disclosures (SEC, 2022), the IASB is revising

the practice statement on Management Commentary (IASB, 2021), and the Interna-

tional Sustainability Standards Board is currently working on devising an international

sustainability reporting framework (ISSB, 2022). Along with the new or updated types

of information, channels of corporate financial communication have also expanded,

with online platforms and social media enabling more timely information flows to stake-

holders (Ang, Hsu, Tang, & Wu, 2021; Blankespoor, 2018).

Extant research on corporate governance has focused extensively on examining the

link to financial accounting (Armstrong, Balakrishnan, & Cohen, 2012), with some

streams focusing on the association with remaining corporate disclosures (e.g., annual

reports, management forecasts, non-GAAP reporting). On this association, research

delves on the direct role of managerial compensation (including managerial stock own-

ership, see, e.g., Hidalgo, Garcia-Meca, & Martinez, 2011; Isidiro & Marques, 2013)

and of different types of corporate ownership (Ahblom & Christner, 2022; Eng & Mak,

2003). A number of papers examine the empirical association between corporate gov-

ernance and different types of voluntary disclosure (e.g., Gul & Leung, 2004; Jizi,

Salama, Dixon, & Stratling, 2014; Lagasio & Cucari, 2019; Li, Pike, & Haniffa, 2008;

Wang & Hussainey, 2014). Papers in this stream often rely on a generic theoretical

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