Call for Papers in Special Issue of “Building a Sustainability-oriented Corporate Governance in Emerging Markets under a Risk Environment”




Guest Editors

Miguel Cordova (Pontificia Universidad Católica del Perú, Peru)

Maria V. Ilieva (Osaka City University, Japan)

Joan Lilian Ogendo (The Technical University of Kenya, Kenya)


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.

This special issue aims to encourage researchers and academics, who would be working on management related fields to this topic, to present their contributions. AD-Minister welcomes manuscripts that provide significant contributions for different types of organizations such as HEIs, NGOs, MNCs, or SMEs, which operate in Emerging Markets, in order to develop the following topics:

·       Governance structures.

·       Ownership.

·       Top management team.

·       Board of directors, boards’ diversity and composition.

·       Corporate networks.

·       Interlocking directorates or interlocked boards.

·       Corporate mergers and acquisitions.

·       Duality of roles in the top management team.

·       Board size and committee structure.

·       Independent directors.

·       Corporate mechanisms such as poison pills, “golden parachutes”, among others.

·       Other subjects related to this organizational field.


Expected publication: January-June 2022 issue

Deadline for submission of full papers is May 31, 2021. Submissions have to be done using this link:

Manuscripts should not exceed 7000 words. This limitation includes all figures, tables and appendices; and excludes references. Please, follow contributor guidelines available at

AD-Minister is indexed in Thomson Reuters Web of Sciences (WOS)’s Emerging Sources Citation Index, EBSCO, EconLit, Sherpa/Romeo, ProQuest, Cengage Learning, DOAJContent, Scielo, and SPARC Europe.

AD-Minister is under Creative Commons license. The international standard serial number (ISSN) for AD-minister is 1692-0279 and the electronic international standard serial number (eISSN) is 2256-4322.

Questions about the Call for Papers of this Special Issue should be address to [log in to unmask]


Guest Editors

Miguel CORDOVA is Associate Professor of the Deparment of Management Sciences at Pontificia Universidad Católica del Perú (Perú). Email: [log in to unmask]

Maria V. ILIEVA is a Specially appointed lecturer at the Graduate School of Business, Osaka City University, Japan. Email: [log in to unmask]; [log in to unmask]

Joan Lilian OGENDO is a Lecturer at the School of Business and Management Studies, The Technical University of Kenya, Kenya. Email: [log in to unmask]



Aguilera, R.V., Rupp, D.E., Williams, C.A. & Ganapathi, J. (2007). Putting the s back in corporate social responsibility: A multilevel theory of social change in organizations. Academy of Management Review, 32(3), 836-863.

Carroll, W. K., & Fennema, M. (2002). Is there a transnational business community? International Sociology, 17(3), 393-419.

Clarke, T. (2015). The transformation of corporate governance in emerging markets: Reform, convergence, and diversity. Emerging Markets Finance & Trade, 51(2), S25-S46.

Cordova, M. (2018). The evolution of interlocking directorates studies - A global trend perspective. AD-minister, 33(2), 135-165.

Doh, J.P., Husted, B., & Yang, X. 2016. Ethics and corporate social responsibility in developing country multinationals.  Business Ethics Quarterly, 26(3): 301-315.

Gomez-Trujillo, A.M. & Gonzalez-Perez, M.A. (2020). What do we know about organizational sustainability and international business? Management of Environmental Quality: An International Journal, 31(2), 292-305.

Gomez-Trujillo, A.M., Velez-Ocampo, J. & Gonzalez-Perez, M.A. (2020). A literature review on the causality between sustainability and corporate reputation. What goes first? Management of Environmental Quality: An International Journal, 31(2), 406-430.

Hambrick, D. (2007). Upper echelons theory: An update. Academy of Management, 32(2), 334-343.

La Porta, R., Lopez-De-Silanes, F., Shleifer, A. & Vishny, R. (2000). Investor protection and corporate governance. Journal of Financial Economics, 58(1-2), 3-27.

Letting, N., Aosa, E., & Machuki, V. (2012). Board Diversity and Performance of Companies Listed in Nairobi Stock Exchange. International Journal of Humanities and Social Science, 2(11), 172-182.

Ogaga, B., Ogendo, J. L., & Awino, Z. B. (2019). Corporate Strategy, Organizational Structure and Organizational Performance of Listed Companies in Emerging Markets: Kenyan Perspective. International Journal of Economics, Business and Management Research (IJEBMR).

Ongore, V. O. (2011). The Relationship between Ownership Structure and Firm Performance: An Empirical Analysis of Listed Companies in Kenya. African Journal of Business Management, 5(6), 2120-2128.

Osedo, C. O., Mwanza, J., & Ogendo, J. L. (2020). The Effect of Corporate Governance on Corporate Performance of General Insurance Companies In Kenya. Scholars Journal of Economics, Business and Management, 325-335. doi:10.36347/sjebm.2020.v07i09.007

Mahmood, Z. and Uddin, S. (2020), "Institutional logics and practice variations in sustainability reporting: evidence from an emerging field", Accounting, Auditing & Accountability Journal, Vol. ahead-of-print No. ahead-of-print.

Pettigrew, A. M. (1992). On studying managerial elites. Strategic Management Journal, 13(S2), 163-182.

Shleifer, A. & Vishny, R.W. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737-783.

Wasike, S. M., & Owino, J. O. (2020). Top Management Team Characteristics, Competitive Environment and Strategy Implementation of Tea Factories in Kenya. International Journal of Business and Management, 15(7), 147 -157.

Vassolo, R., De Castro, J., & Gomez-Mejia, L. (2011). Managing in Latin America. Common issues and a research agenda. Academy of Management Perspectives, 25(4), 22-34.

Young, M. N., Tsai, T., Wang, X., Liu, S., & Ahlstrom, D. (2014). Strategy in emerging economies and the theory of the firm. Asia Pacific Journal of Management, 31(2), 331-354.

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