Governance mechanisms, accounting regulation, and corporate disclosure in the aftermath of Covid‐19: Novel research questions and methodological opportunities

• Published date: 01 September 2023
• Author: Massimiliano Bonacchi,Christine A. Botosan,Dhananjay Nanda,Amedeo Pugliese
• Date: 01 September 2023
• DOI: http://doi.org/10.1111/corg.12555

COMMENTARY

Governance mechanisms, accounting regulation, and corporate

disclosure in the aftermath of Covid-19: Novel research

questions and methodological opportunities

Massimiliano Bonacchi

1,2

| Christine A. Botosan

3

| Dhananjay Nanda

4

|

Amedeo Pugliese

5

1

Free University of Bolzano, Bolzano, Italy

2

Stern School of Business, New York

University, New York, New York, USA

3

Financial Accounting Standards Board,

Norwalk, Connecticut, USA

4

University of Miami, Coral Gables, Florida,

USA

5

University of Padua, Padua, Italy

Correspondence

Amedeo Pugliese, University of Padua, via del

Santo 33, Padua 35132, Italy.

Email: amedeo.pugliese@unipd.it

Abstract

Research Issue: In this commentary, we sought to highlight research opportunities in

terms of how governance mechanisms, accounting regulation, and corporate disclo-

sure were affected by Covid-19 (C19) and shaped the economic landscape in the

post-C19 period.

Research Insights: The outbreak of the C19 triggered significant researchers'

interests in the fields of business and economics for two main reasons: first, to the

economic and social consequences of the crisis, and the impact of various policy

interventions enacted by governments and supra-national institutions worldwide

and, second, the availability of microdata on the spread of the pandemic and

vaccines, complemented economic and financial data to assess the effects of policy

interventions in curtailing the crisis.

Theoretical/Academic Implications: We envision two potential avenues for further

study: first, research on the impact of C19 and policy interventions in areas of

interest, and, second, using the C19 disruption as a “laboratory”to unravel research

questions on how various characteristics of firms, governments, and regulatory

bodies affect the response to systemic crises, assuming that pre-existing characteris-

tics are not related to the crisis event.

Policy Implications: Relevant and rigorous research on the effects of C19 and the

policy interventions is likely to be informative to governments, financial regulators,

and supra-national institutions facing future instances of systemic crisis.

KEYWORDS

corporate governance, corporate governance theories, external CG: laws and regulations,

financial auditing issues, financial disclosure

The views expressed in this article are the author's own and do not necessarily represent the views of the Financial Accounting Standards Board (FASB). The views of the FASB are reached only

after extensive due process and deliberations.

Received: 6 July 2023 Accepted: 10 July 2023

DOI: 10.1111/corg.12555

This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any

medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.

© 2023 The Authors. Corporate Governance: An International Review published by John Wiley & Sons Ltd.

786 Corp Govern Int Rev. 2023;31:786–794.

wileyonlinelibrary.com/journal/corg