Corporate Governance and Risk Management: A Network Analysis

As researchers’ focus on aspects related to corporate governance mechanisms and risk management has increased over time, the research conducts a network analysis between these concepts. Aiming to debate approaches regarding the intellectual structure in corporate governance and risk management research, the current study conducts an analysis within the extant literature by using the bibliometric review. The study’s analysis is performed on a final dataset of 561 bibliometric records published starting with year 2000 until early 2023, extracted from Web of Science Core Collection database. The study combines bibliometric coupling and co-word analysis as bibliometric tools in observing the development patterns and networks of research themes in the field of corporate governance and risk management. The scientific mapping analysis over the dataset that focuses on the themes related to corporate governance and risk management is made by using VOSviewer visualisation software. The main findings reveal that the researchers’ focus still lies on the meaning of a good corporate governance practice and its effectiveness in line with the risk management processes implementation, improvement, and quality. The needing for more research in the field with a steady focus on the moderating factors of the relationship between corporate governance and risk management is still existing in the majority of the studies. This research provides a comprehensive overview over the evolving literature in corporate governance and risk management and highlights the extensive and the gaps in the extant literature for future studies opportunities.