Ilham Maulana


This study aims to internal corporate governance literature with a bibliometric analysis approach. To carry out this analysis, the data obtained from Dimensions with certain criteria are used, then mapping and analysis are carried out using VOSviewer and Bibliometrix. From the results of this analysis, researchers found the conceptual structure and intellectual structure used in the internal corporate governance literature. Then this research also found journals, authors, organizations, and countries that have the most significant contribution in the development of internal corporate governance. From the analysis that has been done, the researcher found that there are still topics of corporate control that researchers around the world rarely touch. This paper provides an overview of how the literature on internal corporate governance and provides an opportunity for further researchers to develop research on internal corporate governance

Save to Mendeley


Bibliometric; Internal Corporate Governance; corporate governance; VOSviewer; Bibliometrix

Full Text:



Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory, 23(1), 69–87.

AlQadasi, A., & Abidin, S. (2018). The effectiveness of internal corporate governance and audit quality: the role of ownership concentration – Malaysian evidence. Corporate Governance (Bingley), 18(2), 233–253.

Alzoubi, E. S. S. (2016). Ownership structure and earnings management: evidence from Jordan. International Journal of Accounting & Information Management, 24(2), 1–20.

Ballester, L., González-Urteaga, A., & Martínez, B. (2020). The role of internal corporate governance mechanisms on default risk: A systematic review for different institutional settings. Research in International Business and Finance, 54(July), 101293.

Bédard, J., Chtourou, S. M., & Courteau, L. (2004). The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing, 23(2), 13–35.

Choijil, E., Méndez, C. E., Wong, W. K., Vieito, J. P., & Batmunkh, M. U. (2022). Thirty years of herd behavior in financial markets: A bibliometric analysis. Research in International Business and Finance, 59(August 2021).

Claessens, S., Djankov, S., & Lang, L. H. P. (2000). The separation of ownership and control in East Asian Corporations. In Journal of Financial Economics (Vol. 58, Issues 1–2).

Coles, J. L., Daniel, N. D., & Naveen, L. (2008). Boards: Does one size fit all? Journal of Financial Economics, 87(2), 329–356.

Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics, 51(3), 371–406.

Davidson, R., Goodwin-Stewart, J., & Kent, P. (2005). Internal governance structures and earnings management. Accounting and Finance, 45(2), 241–267.

Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1996). Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research, 13(1), 1–36.

Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133(April), 285–296.

Fama, E. (1980). Agency problems and the theory of the firm. Journal of Political Economy, 88(2), 288–307.

Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(June), 301–325.

Gnan, L., Hinna, A., Monteduro, F., & Scarozza, D. (2013). Corporate governance and management practices: Stakeholder involvement, quality and sustainability tools adoption: Evidences in local public utilities. Journal of Management and Governance, 17(4), 907–937.

Gompers, P., Ishii, J., & Metrick, A. (2003). Corporate governance and equity prices. Quarterly Journal of Economics, 118(1), 107–155.

Hazarika, S., Karpoff, J. M., & Nahata, R. (2012). Internal corporate governance, CEO turnover, and earnings management. Journal of Financial Economics, 104(1), 44–69.

Hook, D. W., Porter, S. J., Draux, H., & Herzog, C. T. (2021). Real-Time Bibliometrics: Dimensions as a Resource for Analyzing Aspects of COVID-19. Frontiers in Research Metrics and Analytics, 5(January), 1–14.

Hook, D. W., Porter, S. J., & Herzog, C. (2018). Dimensions: Building Context for Search and Evaluation. Frontiers in Research Metrics and Analytics, 3(August), 1–11.

Hossain, M. M., Alamgir, M., & Alam, M. (2016). The mediating role of corporate governance and corporate image on the CSR-FP link: Evidence from a developing country. Journal of General Management, 41(3), 33–51.

Jensen, M. (1993). The modern industrial revolution and the challenge to internal control systems. The Journal of Finance, 48(3), 831–880.

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.

Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector. Journal of Business Ethics, 125(4), 601–615.

Jo, H., & Harjoto, M. A. (2011). Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. Journal of Business Ethics, 103(3), 351–383.

Karamanou, I., & Vafeas, N. (2005). The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43(3), 453–486.

Klein, A. (2002). Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33(3), 375–400.

Kushkowski, J. D., Shrader, C. B., Anderson, M. H., & White, R. E. (2020). Information flows and topic modeling in corporate governance. Journal of Documentation, 76(6), 1313–1339.

La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (1999). Corporate ownership around the world. Journal of Finance, 54(2), 471–517.

Maulana, I. (2020). Analisis Pengaruh Dewan Komisaris Independen, Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kinerja Perusahaan Jasa Keuangan di Indonesia. Jurnal REKSA: Rekayasa Keuangan, Syariah Dan Audit, 7(1), 11.

Maulana, I., Haryadi, B., & Arief, M. (2022). The Corporate Governance Mechanism on Earnings Management and Firm Performance. AKRUAL: Jurnal Akuntansi, 14(1), 1–16.

Maulana, I., Wildan, M. A., & Andriani, N. (2021). Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Dimoderasi Oleh Karakteristik Dewan Komisaris. Jurnal Akuntansi, 13(1), 173–187.

Mitra, S., Hossain, M., & Marks, B. R. (2012). Corporate ownership characteristics and timeliness of remediation of internal control weaknesses. In Managerial Auditing Journal (Vol. 27, Issue 9).

Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293–315.

Mumu, J. R., Saona, P., Russell, H. I., & Azad, M. A. K. (2021). Corporate governance and remuneration: a bibliometric analysis. Journal of Asian Business and Economic Studies, 28(4), 242–262.

Porta, R. La, Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000). Investor protection and corporate governance. Journal of Financial Economics, 58(1–2), 3–27.

Porta, R. La, Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. W. (1998). Law and Finance. Journal of Political Economy, 106(6), 1113–1155.

Qiao, Y. (2021). Internal governance and corporate acquisition activities. In Eurasian Business Review (Issue 0123456789). Springer International Publishing.

Said, J., Mahmudul Alam, M., Radzi, N. B. M., & Rosli, M. H. (2020). Impacts of accountability, integrity, and internal control on organisational value creation: Evidence from Malaysian government linked companies. International Journal of Business Governance and Ethics, 14(2), 206–223.

Shleifer, A., & Vishny, R. W. (1986). Large Shareholders and Corporate Control. Journal of Political Economy, 94(3, Part 1), 461–488.

Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. The Journal of Finance, 52(2), 737–783.

Sutedi, A. (2011). Good Corporate Governance. Sinar Grafika.

Utkarsh, & Sigala, M. (2021). A bibliometric review of research on COVID-19 and tourism: Reflections for moving forward. Tourism Management Perspectives, 40(October), 100912.

Vafeas, N. (1999). Board meeting frequency and firm performance. Journal of Financial Economics, 53(1), 113–142.

Weisbach, M. S. (1988). Outside Directors and CEO Turnover. Journal of Financial Economics, 20, 431–460.

Wintoki, M. B., Linck, J. S., & Netter, J. M. (2012). Endogeneity and the dynamics of internal corporate governance. Journal of Financial Economics, 105(3), 581–606.

Xie, B., Davidson, W. N., & Dadalt, P. J. (2003). Earnings management and corporate governance: The role of the board and the audit committee. Journal of Corporate Finance, 9(3), 295–316.

Yermack, D. (1996). Higher Market Valuation for Firms with a Small Board of Directors. Journal of Financial Economics, 40(40), 185–211.

Zupic, I., & Čater, T. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429–472.