Elephants in the room: A review to reshape future research on politically connected boards and financial performance

Politically connected firms are prevalent worldwide, spurring political connection research. This systematic literature review (SLR) examines the current development in political connection research, specifically examining the impact of politically connected directors and CEOs (PCDCs) and corporate...

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Main Authors: Lim Keh, Yee, Ibrahim, Mohd-Sabrun, Nur Farrahanie Ahmad, Tarmizi, Noor Adwa, Sulaiman, Fatimah Noor Rashidah Mohd, Sofian
Format: Article
Language:English
Published: Universiti Malaysia Sarawak 2024
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Online Access:http://ir.unimas.my/id/eprint/47091/1/20-Vol25-22-Elephants%2Bin%2Bthe%2BRoom%2BA%2BReview%2Bto%2BReshape%2BFuture%2BResearch%2Bon%2BPolitically%2BConnected%2BBoards%2Band%2BFinancial%2BPerformance.pdf
http://ir.unimas.my/id/eprint/47091/
https://www.ijbs.unimas.my/
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spelling my.unimas.ir-470912024-12-30T08:25:54Z http://ir.unimas.my/id/eprint/47091/ Elephants in the room: A review to reshape future research on politically connected boards and financial performance Lim Keh, Yee Ibrahim, Mohd-Sabrun Nur Farrahanie Ahmad, Tarmizi Noor Adwa, Sulaiman Fatimah Noor Rashidah Mohd, Sofian HF5601 Accounting Politically connected firms are prevalent worldwide, spurring political connection research. This systematic literature review (SLR) examines the current development in political connection research, specifically examining the impact of politically connected directors and CEOs (PCDCs) and corporate financial performance (CFP). This study conducts a bibliometric analysis of 247 articles from Scopus, spanning the years 2006 to 2023. Additionally, 52 high-quality articles are selected for further evaluation using content analysis under the Theory, Context, Characteristics, and Methodology (TCCM) framework. The findings reveal that Asian studies have predominated the body of literature. Through thematic analysis by the keywords, the conceptual structure of PCDC-CFP research is grouped into five distinct clusters. The literature review highlights that PCDCs may be a double-edged sword for CFP, with contradictory findings. This study delves into the geographical focus, theoretical perspectives and methodological arguments of previous research, thereby identifying potential room for future research to enrich the literature. The complex effects of PCDCs on CFP makes call for better policy and business decisions. Universiti Malaysia Sarawak 2024-12-26 Article PeerReviewed text en http://ir.unimas.my/id/eprint/47091/1/20-Vol25-22-Elephants%2Bin%2Bthe%2BRoom%2BA%2BReview%2Bto%2BReshape%2BFuture%2BResearch%2Bon%2BPolitically%2BConnected%2BBoards%2Band%2BFinancial%2BPerformance.pdf Lim Keh, Yee and Ibrahim, Mohd-Sabrun and Nur Farrahanie Ahmad, Tarmizi and Noor Adwa, Sulaiman and Fatimah Noor Rashidah Mohd, Sofian (2024) Elephants in the room: A review to reshape future research on politically connected boards and financial performance. International Journal of Business and Society, 25 (3). pp. 1220-1252. ISSN 15116670 https://www.ijbs.unimas.my/
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Lim Keh, Yee
Ibrahim, Mohd-Sabrun
Nur Farrahanie Ahmad, Tarmizi
Noor Adwa, Sulaiman
Fatimah Noor Rashidah Mohd, Sofian
Elephants in the room: A review to reshape future research on politically connected boards and financial performance
description Politically connected firms are prevalent worldwide, spurring political connection research. This systematic literature review (SLR) examines the current development in political connection research, specifically examining the impact of politically connected directors and CEOs (PCDCs) and corporate financial performance (CFP). This study conducts a bibliometric analysis of 247 articles from Scopus, spanning the years 2006 to 2023. Additionally, 52 high-quality articles are selected for further evaluation using content analysis under the Theory, Context, Characteristics, and Methodology (TCCM) framework. The findings reveal that Asian studies have predominated the body of literature. Through thematic analysis by the keywords, the conceptual structure of PCDC-CFP research is grouped into five distinct clusters. The literature review highlights that PCDCs may be a double-edged sword for CFP, with contradictory findings. This study delves into the geographical focus, theoretical perspectives and methodological arguments of previous research, thereby identifying potential room for future research to enrich the literature. The complex effects of PCDCs on CFP makes call for better policy and business decisions.
format Article
author Lim Keh, Yee
Ibrahim, Mohd-Sabrun
Nur Farrahanie Ahmad, Tarmizi
Noor Adwa, Sulaiman
Fatimah Noor Rashidah Mohd, Sofian
author_facet Lim Keh, Yee
Ibrahim, Mohd-Sabrun
Nur Farrahanie Ahmad, Tarmizi
Noor Adwa, Sulaiman
Fatimah Noor Rashidah Mohd, Sofian
author_sort Lim Keh, Yee
title Elephants in the room: A review to reshape future research on politically connected boards and financial performance
title_short Elephants in the room: A review to reshape future research on politically connected boards and financial performance
title_full Elephants in the room: A review to reshape future research on politically connected boards and financial performance
title_fullStr Elephants in the room: A review to reshape future research on politically connected boards and financial performance
title_full_unstemmed Elephants in the room: A review to reshape future research on politically connected boards and financial performance
title_sort elephants in the room: a review to reshape future research on politically connected boards and financial performance
publisher Universiti Malaysia Sarawak
publishDate 2024
url http://ir.unimas.my/id/eprint/47091/1/20-Vol25-22-Elephants%2Bin%2Bthe%2BRoom%2BA%2BReview%2Bto%2BReshape%2BFuture%2BResearch%2Bon%2BPolitically%2BConnected%2BBoards%2Band%2BFinancial%2BPerformance.pdf
http://ir.unimas.my/id/eprint/47091/
https://www.ijbs.unimas.my/
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