Call for Papers in Special Issue of “Building a Sustainability-oriented Corporate Governance in Emerging Markets under a Risk Environment”
Large organizations and corporations’ main decisions lay in the hands of a few. As these business agents are the most influential contributors to the countries’ business environment, due to their strong and extensive relationships with almost every society’s spheres, their governance behavior are able to provide valuable insights about growth, power, and development dynamics within the organizational landscape (Carroll & Fennema, 2002; Hambrick, 2007; Pettigrew, 1992). Nowadays, stakeholders’ demands represent several sustainability challenges for organizations since they have to overcome these from different strategic perspectives such as developing innovation, achieving economic growth, standing for corporate reputation, entering into the digital revolution, facing important social issues, and soon (Aguilera et al., 2007; Gomez-Trujillo et al., 2020; Ogaga et al., 2019). Hence, both, formal as well as informal mechanisms for corporate governance come up with different ways to understand how organizations’ leaders deal with their essential tasks such as control, supervision, and management (Cordova, 2018; La Porta et al., 2000; Shleifer & Vishny, 1997: Osedo et al., 2020), through their way to perform those major perspectives. As an additional challenge to this, emerging markets’ environment provide opportunities as well as constraints (Vassolo et al., 2011; Young et al., 2014; Letting et al., 2012; Ongore, 2011; Wasike & Owino, 2020) to mobilize those corporate governance efforts toward sustainability concerns (Clarke, 2015; Gomez-Trujillo & Gonzalez-Perez, 2020), while business leaders guide their vessels through increasingly risky scenarios.