Title: Theoretical perspective of corporate governance among state-owned enterprises: a literature review

Authors: Albert Ochien'g Abang'a; David Wang'ombe

Addresses: Strathmore Business School, Strathmore University, Nairobi, Kenya ' Strathmore Business School, Strathmore University, Nairobi, Kenya

Abstract: Governments and business practitioners continuously seek to improve quality of corporate governance in order to meet societal objectives. Thus, the purpose of this paper is to review the previous literature in order to identify theories that may be used to explain factors that explain the variation of the quality of corporate governance among state-owned enterprises. The paper employs critical evaluation of literature on key terms based on Boolean search logic between January 1990 to December 2018. The review provides researchers with a multi-theoretical framework that may be used to explain and predict the quality of corporate governance among state-owned enterprises. This study contributes to past research by giving a broad overview of multi-theoretical framework, as well as new insight from social capital theory perspective in a SOEs context. In addition, the study also contributes to a limited study in the public sector. The findings have implications for regulators, government and academics.

Keywords: shareholder theory; institutional theory; stewardship theory; stakeholder theory; resource dependency theory; social capital theory; multi-theoretical framework.

DOI: 10.1504/IJCA.2020.105065

International Journal of Critical Accounting, 2020 Vol.11 No.2, pp.160 - 179

Received: 01 Mar 2019
Accepted: 28 May 2019
Published online: 11 Feb 2020 *

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