Synthesizing Empirical Studies to Explain Evidence Based Decision Making: A Corporate Governance Fundamental

Abstract

Recent literature on corporate governance had focused more on the disclosure of “environmental, social and governance†(ESG) initiatives implemented by firms. ESG encompasses a plethora of issues related to the environment, social responsibilities and corporate governance with an impeccable indicator of non-financial performance. But a major research gap exists in examining the determinants of ESG disclosure to prove its association with corporate governance, to explain evidence based decision making in the corporate sector. To fulfil this research gap, a total of 24 existing studies from 2001- 2018 have been synthesized by meta-analytical approach. The article also deliberates upon practical applications of evidence to make sound decision making in the corporate sector.