Updated Review of the Literature on Performance Management and Performance Measurement Systems in Developing Countries (2013–2023)

This chapter reviews academic papers published in both accounting and non-accounting journals on performance management and performance measurement system (PMS) practices in developing countries. As stated in Chap. 2, the study by Khan (Corp Ownersh Control 13(2):497–517, 2016) carried out a review of the literature from 1987 to 2012 by reviewing 102 papers published in different developing countries. The aim of this chapter is to provide an updated review of the literature on the same topic from 2013 to 2023 to recognise the latest developments during the past decade. Developing countries are playing a pioneering role in sustainability regulations, while researchers worldwide in recent years are embracing sustainability disclosure, green banking and climate change-related research. This updated review provides additional avenues for academic scholars interested in conducting future research in developing countries on sustainability, climate change and other contemporary non-financial performance topics. Overall, this chapter sheds further light on these issues by presenting this review of the most recent literature and offering future research directions.