Special issue on institutional and legal frameworks, corporate reporting and managerial performance in emerging markets

Abstract

Institutional and legal characteristics such as governance corporate mechanisms, ownership structure, the nature of contracting, investor and creditor protection and the state of capital market development play a vital role in corporate reporting and managerial performance. It has been acknowledged in the literature that ownership structure, political connections and social networks may either distort or facilitate institutional and legal frameworks, thus affecting accounting and reporting practices in both private and public entities. This special issue adds to the limited theoretical and empirical research focusing on these important aspects in emerging countries.