Research Article
BibTex RIS Cite

Corporate Governance of Banks, The Key for Trust: A Bibliometric Analysis

Year 2024, Volume: 11 Issue: 2, 551 - 572, 30.06.2024
https://doi.org/10.30798/makuiibf.1392967

Abstract

Corporate governance aims to create a transparent, fair, accountable, and responsible management environment for all stakeholders. Due to the significant role of banks in the economy, corporate governance in banks is indispensable for establishing trust, which is crucial for them to survive. Albeit numerous bibliometric analyses have been found solely on banks or corporate governance, there needs to be more bibliometric analysis on the corporate governance of banks. Thus, this study aims to explore the research works of corporate governance, particularly of banks, by conducting a bibliometric analysis from 2003 to 2022. The results show that the interest in corporate governance in banks increased, especially after the 2008 financial crisis, and the studies focused on the board structure-bank performance and board structure-risk appetite relations. Additionally, corporate governance has emerged as an essential topic in Islamic banking since the 2010s.

References

  • Alam, S.M.S., Chowdhury, M.A.M. & Razak, D.B.A. (2021). Research evolution in banking performance: a bibliometric analysis. Future Business Journal, (7), 66. https://doi.org/10.1186/s43093-021-00111-7
  • Aria, M. & Cuccurullo, C. (2017). bibliometrix: An R-tool for comprehensive science mapping analysis, Journal of Informetrics, 11(4), 959-975. https://doi.org/10.1016/j.joi.2017.08.007
  • Baker, H. K., Kumar, S., & Pandey, N. (2021). Forty years of the journal of futures markets: A bibliometric overview. Journal of Futures Markets, 41(7), 1027-1054. https://doi.org/10.1002/fut.22211
  • Bartolacci, F., Caputo, A., & Soverchia, M. (2020). Sustainability and financial performance of small and medium sized enterprises: A bibliometric and systematic literature review. Business Strategy and the Environment, 29(3), 1297-1309. https://doi.org/10.1002/bse.2434
  • Basel Committee on Banking Supervision (BCBS) (2006). Enhancing corporate governance for banking organizations. https://www.bis.org/publ/bcbs122.htm
  • Basel Committee on Banking Supervision (BCBS) (2008). Enhancing corporate governance for banking organizations. https://www.bis.org/publ/bcbs142.htm
  • Benckendorff, P., Zehrer, A. (2013). A network analysis of tourism research. Ann. Tour. Res., (43), 121-149. https://doi.org/10.1016/j.annals.2013.04.005
  • Bubbico, R., Giorgino, M., & Monda, B. (2012). The impact of corporate governance on the market value of financial institutions: Empirical evidences from Italy. Banks and Bank Systems, 7(2).
  • Cadbury Report (1992). Cadbury committee draft orders mixed news for shareholders. Financial Times, June 2, 16.
  • Callon, M., Courtial, J.P. & Laville, F. (1991). Co-word analysis as a tool for describing the network of interactions between basic and technological research the case of polymer chemistry, Scientometrics, 22 (1), 155-205. https://doi.org/10.1007/BF02019280
  • Cobo, M. J., López‐Herrera, A. G., Herrera‐Viedma, E., & Herrera, F. (2011). Science mapping software tools: review, analysis, and cooperative study among tools. Journal of the American Society for information Science and Technology, 62(7), 1382-1402. https://doi.org/10.1002/asi.21525
  • Denis, D.K. and McConnell, J.J. (2003). International corporate governance. Journal of Financial and Quantitative Analysis, 38, 1-36. http://dx.doi.org/10.2307/4126762
  • Donthu N, Kumar S, Mukherjee D, Pandey N, Lim WM (2021a). How to conduct a bibliometric analysis: an overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070
  • Donthu, N., Werner, R., Kumar, S.& Pattnaik, D. (2021b) A retrospective review of the first 35 years of the International Journal of Research in Marketing. International Journal of Research in Marketing, 38(1), 232-269, ISSN 0167-8116. https://doi.org/10.1016/j.ijresmar.2020.10.006
  • Effah, N. A. A., Wang, Q., Owusu, G. M. Y., Otchere, O. A. S. & Owusu, B. (2023). Contributions toward sustainable development: a bibliometric analysis of sustainability reporting research, Environmental Science and Pollution Research 30, 104–126. https://doi.org/10.1007/s11356-022-24010-8
  • European Union Commission Recommendation (2005). The role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board. Official Journal of the European Union. https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2005:052:0051:0063:EN:PDF
  • Feng, Y., Zhu,Q., Kee-Hung Lai,K-H. (2017). Corporate social responsibility for supply chain management: A literature review and bibliometric analysis. Journal of Cleaner Production, 158, 296-307. https://doi.org/10.1016/j.jclepro.2017.05.018
  • Galletta, S., Mazzù, S., and Naciti, V. (2022). A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions. Research in International Business and Finance, (62), 1-27. https://doi.org/10.1016/j.ribaf.2022.101684
  • Garrigos, S. Fernando, J., & Botella, C. Dolares, M., & Gonzalez, C. Thomas, F. (2018). Social capital, human capital, and sustainability: a bibliometric and visualization analysis. Sustainability, 10(12), 1-19. https://doi.org/10.3390/su10124751
  • Gaviria-Marin, M., Merigó, J. M., & Baier-Fuentes, H. (2019). Knowledge management: A global examination based on bibliometric analysis. Technological Forecasting and Social Change, (140), 194-220. https://doi.org/10.1016/j.techfore.2018.07.006
  • Grueso-Gala, M. & Zornoza, C. (2022) A bibliometric analysis of the literature on non-financial information reporting: Review of the research and network visualization. Management Letters, Cuadernos de Gestion 22/1, 175-192. https://doi.org/10.5295/cdg.211545mg
  • Guiso, L., Sapienza , P., & Zingales, L. (2009). Cultural bias in economic exchange? The Quarterly Journal of Economics, 1095-1131.
  • Hjørland, B. (2013). Facet analysis: The logical approach to knowledge organization, Information Processing & Management, 49(2), 545-557. https://doi.org/10.1016/j.ipm.2012.10.001
  • John, K., De Masi, S., & Paci, A. (2016). Corporate governance in banks. Corporate Governance: An International Review, 24(3), 303-321. https://doi.org/10.1111/corg.12161
  • Kendirli, S., & Çağlar, İ. (2010). Corporate governance as a strategic management factor: Investigating financial institutionalization. in Çorum SMEs. In LV2010Manuscripts, Academic and Business Research Institute Conference-Las Vegas (Vol. 1, No. 10).
  • Khan, M. A., Pattnaik, D., Ashraf, R., Ali, I., Kumar, S., & Donthu, N. (2021). Value of special issues in the journal of business research: a bibliometric analysis. Journal of Business Research, 125, 295–313. https://doi.org/10.1016/j.jbusres.2020.12.015
  • Krauskopf, E. (2018). A bibiliometric analysis of the journal of infection and public health: 2008–2016. Journal of Infection and Public Health, 11(2), 224-229. https://doi.org/10.1016/j.jiph.2017.12.011
  • Laeven, L. & Levine, R. (2009). Bank governance, regulation and risk taking. Journal of Financial Economics, 93(2), 259-275. https://doi.org/10.1016/j.jfineco.2008.09.00
  • Mougenot, B., & Doussoulin, J. P. (2023). A bibliometric analysis of the global reporting initiative (GRI): global trends in developed and developing countries. Environment, Development and Sustainability, 1-18. https://doi.org/10.1007/s10668-023-02974-y
  • Mülbert, P. (2009). Corporate governance of banks. European Business Organization Law Review (EBOR), 10(3), 411-436. https://doi.org/10.1017/S156675290900411X
  • OECD (2004). Recommendation of the council on principles of corporate governance, OECD Publishing. https://www.oecd.org/corporate/ca/corporategovernanceprinciples/31557724.pdf OECD (2015). G20/OECD principles of corporate governance, OECD Publishing. http://dx.doi.org/10.1787/9789264236882-en
  • Romo-Fernández, L.M., Guerrero-Bote, V.P. & Moya-Anegón, F. (2013). Co-word based thematic analysis of renewable energy (1990–2010). Scientometrics, (97), 743–765 https://doi.org/10.1007/s11192-013-1009-5 Sarbanes-Oxley Act (2002). An Act. Public Law 107–204, 107th Congress. https://www.govinfo.gov/content/pkg/PLAW-107publ204/pdf/PLAW-107publ204.pdf
  • Sedighi, M. (2016). Application of word co-occurrence analysis method in mapping of the scientific fields (case study: the field of Informetrics). Library Review, 65, 1(2), 52-64. https://doi.org/10.1108/LR-07-2015-0075
  • Small, H. G. (1973). Co-citation in the scientific literature: a new measure of the relationship between two documents. Journal of the American Society for Information Science, 24(4), 265-269. https://doi.org/10.1002/asi.4630240406
  • Su, H. N. & Lee, P.C. (2010). Mapping knowledge structure by keyword co-occurrence: a first look at journal papers in Technology Foresight. Scientometrics, 85(1), 65-79. https://doi.org/10.1007/s11192-010-0259-8
  • The Banker Database (2022). The banker database sample data. https://www.thebankerdatabase.com/index.cfm?fuseaction=home_page.data
  • Ulusoy, T. & Saeed, M. (2022). The effect of corporate governance compliance rating on the company's firm value: a survey on managers' perception, International Academic Social Resources Journal, 7(43), 1257-1272. http://dx.doi.org/10.29228/ASRJOURNAL.66342
  • Vanraan, A. (1990). Fractal dimension of co-citations. Nature, (347), 626. https://doi.org/10.1038/347626a0
  • Whittaker, J. (1989). Creativity and conformity in science: titles, keywords and co-word analysis. Social Studies of Science, (19), 473-496. http://dx.doi.org/10.1177/030631289019003004
  • Yamaguchi, N. U., Bernardino, E.G., Ferreira, M.E.C., Pietroski de Lima, B., Pascotini, M.R. & Yamaguchi, M.U. (2023). Sustainable development goals: a bibliometric analysis of literature reviews. Environmental Science and Pollution Research, (30), 5502–5515. https://doi.org/10.1007/s11356-022-24379-6
  • Zaher, T.S. & Hassan, M.K. (2001). A comparative literature survey of Islamic finance and banking. Financial Markets, Institutions and Instruments, 10(4), 155-199. https://doi.org/10.1111/1468-0416.00044
  • Zainuldin, M.H. & Lui, T.K. (2022). A bibliometric analysis of CSR in the banking industry: a decade study based on Scopus scientific mapping. International Journal of Bank Marketing, 40(1), 1-26. https://doi.org/10.1108/IJBM-04-2020-0178
  • Zhang, Q., Yue, Y.Y., Shi B & Yuan, Z.W. (2019). A bibliometric analysis of cleft lip and palate-related publication trends from 2000 to 2017. The Cleft Palate Craniofacial Journal, 56(5), 658-669. https://doi.org/10.1177/1055665618807822
  • Zupic, I., & Čater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429–472. https://doi.org/10.1177/1094428114562629
Year 2024, Volume: 11 Issue: 2, 551 - 572, 30.06.2024
https://doi.org/10.30798/makuiibf.1392967

Abstract

References

  • Alam, S.M.S., Chowdhury, M.A.M. & Razak, D.B.A. (2021). Research evolution in banking performance: a bibliometric analysis. Future Business Journal, (7), 66. https://doi.org/10.1186/s43093-021-00111-7
  • Aria, M. & Cuccurullo, C. (2017). bibliometrix: An R-tool for comprehensive science mapping analysis, Journal of Informetrics, 11(4), 959-975. https://doi.org/10.1016/j.joi.2017.08.007
  • Baker, H. K., Kumar, S., & Pandey, N. (2021). Forty years of the journal of futures markets: A bibliometric overview. Journal of Futures Markets, 41(7), 1027-1054. https://doi.org/10.1002/fut.22211
  • Bartolacci, F., Caputo, A., & Soverchia, M. (2020). Sustainability and financial performance of small and medium sized enterprises: A bibliometric and systematic literature review. Business Strategy and the Environment, 29(3), 1297-1309. https://doi.org/10.1002/bse.2434
  • Basel Committee on Banking Supervision (BCBS) (2006). Enhancing corporate governance for banking organizations. https://www.bis.org/publ/bcbs122.htm
  • Basel Committee on Banking Supervision (BCBS) (2008). Enhancing corporate governance for banking organizations. https://www.bis.org/publ/bcbs142.htm
  • Benckendorff, P., Zehrer, A. (2013). A network analysis of tourism research. Ann. Tour. Res., (43), 121-149. https://doi.org/10.1016/j.annals.2013.04.005
  • Bubbico, R., Giorgino, M., & Monda, B. (2012). The impact of corporate governance on the market value of financial institutions: Empirical evidences from Italy. Banks and Bank Systems, 7(2).
  • Cadbury Report (1992). Cadbury committee draft orders mixed news for shareholders. Financial Times, June 2, 16.
  • Callon, M., Courtial, J.P. & Laville, F. (1991). Co-word analysis as a tool for describing the network of interactions between basic and technological research the case of polymer chemistry, Scientometrics, 22 (1), 155-205. https://doi.org/10.1007/BF02019280
  • Cobo, M. J., López‐Herrera, A. G., Herrera‐Viedma, E., & Herrera, F. (2011). Science mapping software tools: review, analysis, and cooperative study among tools. Journal of the American Society for information Science and Technology, 62(7), 1382-1402. https://doi.org/10.1002/asi.21525
  • Denis, D.K. and McConnell, J.J. (2003). International corporate governance. Journal of Financial and Quantitative Analysis, 38, 1-36. http://dx.doi.org/10.2307/4126762
  • Donthu N, Kumar S, Mukherjee D, Pandey N, Lim WM (2021a). How to conduct a bibliometric analysis: an overview and guidelines. Journal of Business Research, 133, 285–296. https://doi.org/10.1016/j.jbusres.2021.04.070
  • Donthu, N., Werner, R., Kumar, S.& Pattnaik, D. (2021b) A retrospective review of the first 35 years of the International Journal of Research in Marketing. International Journal of Research in Marketing, 38(1), 232-269, ISSN 0167-8116. https://doi.org/10.1016/j.ijresmar.2020.10.006
  • Effah, N. A. A., Wang, Q., Owusu, G. M. Y., Otchere, O. A. S. & Owusu, B. (2023). Contributions toward sustainable development: a bibliometric analysis of sustainability reporting research, Environmental Science and Pollution Research 30, 104–126. https://doi.org/10.1007/s11356-022-24010-8
  • European Union Commission Recommendation (2005). The role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board. Official Journal of the European Union. https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2005:052:0051:0063:EN:PDF
  • Feng, Y., Zhu,Q., Kee-Hung Lai,K-H. (2017). Corporate social responsibility for supply chain management: A literature review and bibliometric analysis. Journal of Cleaner Production, 158, 296-307. https://doi.org/10.1016/j.jclepro.2017.05.018
  • Galletta, S., Mazzù, S., and Naciti, V. (2022). A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions. Research in International Business and Finance, (62), 1-27. https://doi.org/10.1016/j.ribaf.2022.101684
  • Garrigos, S. Fernando, J., & Botella, C. Dolares, M., & Gonzalez, C. Thomas, F. (2018). Social capital, human capital, and sustainability: a bibliometric and visualization analysis. Sustainability, 10(12), 1-19. https://doi.org/10.3390/su10124751
  • Gaviria-Marin, M., Merigó, J. M., & Baier-Fuentes, H. (2019). Knowledge management: A global examination based on bibliometric analysis. Technological Forecasting and Social Change, (140), 194-220. https://doi.org/10.1016/j.techfore.2018.07.006
  • Grueso-Gala, M. & Zornoza, C. (2022) A bibliometric analysis of the literature on non-financial information reporting: Review of the research and network visualization. Management Letters, Cuadernos de Gestion 22/1, 175-192. https://doi.org/10.5295/cdg.211545mg
  • Guiso, L., Sapienza , P., & Zingales, L. (2009). Cultural bias in economic exchange? The Quarterly Journal of Economics, 1095-1131.
  • Hjørland, B. (2013). Facet analysis: The logical approach to knowledge organization, Information Processing & Management, 49(2), 545-557. https://doi.org/10.1016/j.ipm.2012.10.001
  • John, K., De Masi, S., & Paci, A. (2016). Corporate governance in banks. Corporate Governance: An International Review, 24(3), 303-321. https://doi.org/10.1111/corg.12161
  • Kendirli, S., & Çağlar, İ. (2010). Corporate governance as a strategic management factor: Investigating financial institutionalization. in Çorum SMEs. In LV2010Manuscripts, Academic and Business Research Institute Conference-Las Vegas (Vol. 1, No. 10).
  • Khan, M. A., Pattnaik, D., Ashraf, R., Ali, I., Kumar, S., & Donthu, N. (2021). Value of special issues in the journal of business research: a bibliometric analysis. Journal of Business Research, 125, 295–313. https://doi.org/10.1016/j.jbusres.2020.12.015
  • Krauskopf, E. (2018). A bibiliometric analysis of the journal of infection and public health: 2008–2016. Journal of Infection and Public Health, 11(2), 224-229. https://doi.org/10.1016/j.jiph.2017.12.011
  • Laeven, L. & Levine, R. (2009). Bank governance, regulation and risk taking. Journal of Financial Economics, 93(2), 259-275. https://doi.org/10.1016/j.jfineco.2008.09.00
  • Mougenot, B., & Doussoulin, J. P. (2023). A bibliometric analysis of the global reporting initiative (GRI): global trends in developed and developing countries. Environment, Development and Sustainability, 1-18. https://doi.org/10.1007/s10668-023-02974-y
  • Mülbert, P. (2009). Corporate governance of banks. European Business Organization Law Review (EBOR), 10(3), 411-436. https://doi.org/10.1017/S156675290900411X
  • OECD (2004). Recommendation of the council on principles of corporate governance, OECD Publishing. https://www.oecd.org/corporate/ca/corporategovernanceprinciples/31557724.pdf OECD (2015). G20/OECD principles of corporate governance, OECD Publishing. http://dx.doi.org/10.1787/9789264236882-en
  • Romo-Fernández, L.M., Guerrero-Bote, V.P. & Moya-Anegón, F. (2013). Co-word based thematic analysis of renewable energy (1990–2010). Scientometrics, (97), 743–765 https://doi.org/10.1007/s11192-013-1009-5 Sarbanes-Oxley Act (2002). An Act. Public Law 107–204, 107th Congress. https://www.govinfo.gov/content/pkg/PLAW-107publ204/pdf/PLAW-107publ204.pdf
  • Sedighi, M. (2016). Application of word co-occurrence analysis method in mapping of the scientific fields (case study: the field of Informetrics). Library Review, 65, 1(2), 52-64. https://doi.org/10.1108/LR-07-2015-0075
  • Small, H. G. (1973). Co-citation in the scientific literature: a new measure of the relationship between two documents. Journal of the American Society for Information Science, 24(4), 265-269. https://doi.org/10.1002/asi.4630240406
  • Su, H. N. & Lee, P.C. (2010). Mapping knowledge structure by keyword co-occurrence: a first look at journal papers in Technology Foresight. Scientometrics, 85(1), 65-79. https://doi.org/10.1007/s11192-010-0259-8
  • The Banker Database (2022). The banker database sample data. https://www.thebankerdatabase.com/index.cfm?fuseaction=home_page.data
  • Ulusoy, T. & Saeed, M. (2022). The effect of corporate governance compliance rating on the company's firm value: a survey on managers' perception, International Academic Social Resources Journal, 7(43), 1257-1272. http://dx.doi.org/10.29228/ASRJOURNAL.66342
  • Vanraan, A. (1990). Fractal dimension of co-citations. Nature, (347), 626. https://doi.org/10.1038/347626a0
  • Whittaker, J. (1989). Creativity and conformity in science: titles, keywords and co-word analysis. Social Studies of Science, (19), 473-496. http://dx.doi.org/10.1177/030631289019003004
  • Yamaguchi, N. U., Bernardino, E.G., Ferreira, M.E.C., Pietroski de Lima, B., Pascotini, M.R. & Yamaguchi, M.U. (2023). Sustainable development goals: a bibliometric analysis of literature reviews. Environmental Science and Pollution Research, (30), 5502–5515. https://doi.org/10.1007/s11356-022-24379-6
  • Zaher, T.S. & Hassan, M.K. (2001). A comparative literature survey of Islamic finance and banking. Financial Markets, Institutions and Instruments, 10(4), 155-199. https://doi.org/10.1111/1468-0416.00044
  • Zainuldin, M.H. & Lui, T.K. (2022). A bibliometric analysis of CSR in the banking industry: a decade study based on Scopus scientific mapping. International Journal of Bank Marketing, 40(1), 1-26. https://doi.org/10.1108/IJBM-04-2020-0178
  • Zhang, Q., Yue, Y.Y., Shi B & Yuan, Z.W. (2019). A bibliometric analysis of cleft lip and palate-related publication trends from 2000 to 2017. The Cleft Palate Craniofacial Journal, 56(5), 658-669. https://doi.org/10.1177/1055665618807822
  • Zupic, I., & Čater, T. (2015). Bibliometric methods in management and organization. Organizational Research Methods, 18(3), 429–472. https://doi.org/10.1177/1094428114562629
There are 44 citations in total.

Details

Primary Language English
Subjects Monetary-Banking
Journal Section Research Articles
Authors

Burcu Gurol 0000-0001-9974-2351

Banu Sultanoğlu 0000-0003-0114-1553

Gerçek Özparlak 0000-0002-8503-3199

Publication Date June 30, 2024
Submission Date November 19, 2023
Acceptance Date June 11, 2024
Published in Issue Year 2024 Volume: 11 Issue: 2

Cite

APA Gurol, B., Sultanoğlu, B., & Özparlak, G. (2024). Corporate Governance of Banks, The Key for Trust: A Bibliometric Analysis. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 11(2), 551-572. https://doi.org/10.30798/makuiibf.1392967

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The author(s) bear full responsibility for the ideas and arguments presented in their articles. All scientific and legal accountability concerning the language, style, adherence to scientific ethics, and content of the published work rests solely with the author(s). Neither the journal nor the institution(s) affiliated with the author(s) assume any liability in this regard.