SYSTEMATIC REVIEW OF DIRECTOR NETWORKS: TYPES OF NETWORKS AND THEIR SIGNIFICANCE IN CORPORATE GOVERNANCE

Abstract

This paper summarizes the existing knowledge in director networks and proposes unexplored avenues for future research. The objective of this study is to present a comprehensive analysis of the current state of research on director networks. The investigation involved the examination of 238 articles accessible through the Web of Science database (WoS) and 487 articles indexed by Scopus, all published between 2020 and 2022. The results highlight the significant impact of director networks on citation counts and the quality of publications in the context of firm performance. The literature is categorised based on keywords. The findings also pinpoint areas where additional research is needed, focusing on governance systems, influencing factors, and various geographical settings. Furthermore, this research identifies potential revisions to the guidelines for corporate board members, particularly concerning political governance.