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Abstract
The market for paintings by well-known artists is booming despite widespread concern about art crime and difficulties in establishing provenance. Public law enforcement is imperfect, and court cases often are deemed problematic. So how is the thriving art market governed in practice? We analyze the protocols used by the top auction houses to identify and resolve problems of illicit supply—fakes, forgeries and items with defective legal titles—through the lens of institutional analysis. We uncover a polycentric private governance system in which different actors govern distinct but overlapping issue areas, motivated by profit, prestige, or the search for truth. When the financial stakes rise, opportunistic behavior undermines the credibility of private governance. We argue that as litigious, super-rich investors entered the art market, the interaction between public law and the traditional private governance system restricted the supply of "blue chip" art, driving the escalation of prices.

Natural resource extraction is economically important in many developing countries, but social conflict can threaten the viability of the sector. This article examines why polluting extractive industries sometimes generate social mobilization but often do not. First, I distinguish acute, highly visible environmental externalities from chronic, less observable pollution, showing that only the former generate social mobilization. Second, I explore how high-quality local governance can mitigate the local resource curse dynamic by both reducing pollution and improving compensation in mining-intensive areas. The analysis uses microlevel data on extractive commodities, water pollution, children's and livestock health, local government quality, and mining-related social conflict in Peru to demonstrate the full causal pathway of the local resource curse.

This study examines the expectations of the electorates from political office holders, using Oyo state as a case study. It also finds out how feasible the expectations are, and if political office holders are able to meet such expectations. The study equally examines the factors that aid and prevent such expectations from being met and discusses the impact of the expectations on good governance in the study area. Primary data was sourced with a self structured questionnaire administered on 150 respondents drawn from electorates, public officials/elected officials and civil society organizations across the 33 local government areas of Oyo State, analyzed by Statistical Package for Social Scientist (SPSS) and interpreted in percentages and frequency distribution. The secondary data was sourced from books, journals, newspapers publications and internet materials, and content analyzed. The study revealed that people have varied expectations but same on medical facilities, poverty alleviation, security of lives and property, education and economic development. The study also revealed that political office holders are aware of the expectations of the people through the mass media, social media and direct contact but do not meet them. The study found that adequate fund and manpower are key factors that help political office holders to meet up with the expectations and that lack of funds; inadequate manpower, corruption, and influence of political godfathers are hindrances to meeting up with the expectations of the electorates. It also found that public expectations have impact on good governance and that the impact is a positive one.

This review paper highlights the internal and external corporate governance mechanisms in the State of Kuwait. It sheds light on the legal environment by which Shari'ah is a major source of legislation. Since culture is influenced by religion, the ownership structure is, therefore, affecting legislation. Further, it discusses the market for corporate control, which is an important determinant of corporate governance external mechanism. Due to regional geopolitical instability, disruption of the full implementation of corporate governance and code of ethics is prevalent. Nevertheless, Kuwait is on the right path for the reinforcement of corporate governance and its code of ethics.

Purpose
The purpose of this paper is to look at the European public sector accounting standards (EPSAS) project development path to explore how governance and legitimacy issues intertwine when a new standard-setting system is developed.


Design/methodology/approach
A qualitative interpretative multimethod approach is adopted, which encompasses document analysis and participative observations.


Findings
The analysis shows the role of governance dimensions, including institutional participation and consensus, in the process for securing the legitimacy of accounting standards and the related setting processes, pointing to the critical issues emerging throughout the development of the EPSAS project.


Originality/value
The definition of public sector accounting standards poses significant challenges to the accounting profession and regulators alike. A paradigmatic case of such challenges is represented by the decisions to develop harmonised EPSAS. A key contribution of this paper is to connect legitimacy dimensions with network governance, offering a view of the input, output and procedural dimensions associated with decisions to legitimise EPSAS and how these may be affected by network governance.

Purpose
The purpose of this paper is to provide comprehensive mapping of qualitative comparative analysis (QCA) applications in business and management research and to examine the sub-fields of corporate governance research in this context.


Design/methodology/approach
Through a systematic literature review of 22 articles, the paper describes and analyses how QCA is used in the corporate governance field, what can be learned from the methodology's implementation in corporate governance studies and why authors justify its use.


Findings
The findings highlight that QCA in corporate governance is still at an early stage of development. The paper encourages governance scholars to use this method to transform QCA from a niche into a mainstream method because it is appropriate for understanding both complex phenomena of social reality and issues of corporate governance that require an approach able to capture configurations of conditions, asymmetric patterns and equifinal explanations.


Originality/value
This is the first complete overview of the existing literature concerning QCA's application in corporate governance research and reveals implications for its future use. In this way, it extends the previous work on QCA's benefits to management researchers and other critical reviews of applications in QCA. This study encourages scholars to renew their understanding of corporate governance issues through a new analysis method that can help to discover conceptual and empirical relations among case-oriented and variable-oriented analyses in terms of interrelations to examine corporate governance practices holistically.

The global financial crisis highlighted the limitations of the mainstream economic thinking. The post-crisis reflection has not resulted yet in any new paradigm, however, several new, still separate, innovative approaches appeared in the field of public finances and economic governance. The aim of the paper is to provide a structured presentation of these new innovative approaches, which can serve as a potential basis of a new way of thinking about economic and financial governance and the innovation of public finances. The paper reviews the relevant international literature published after the global financial crisis and, as a result, presents the innovations, especially in respect of the role of the state, the renewal of central banking, the reassessment of the stability and geopolitical aspects of economic policy, the relevance of confidence and cooperation in public policy, the increasing role of the public sector concerning the sustainability of economic development and the renaissance of institutional economics. Based on these new approaches, the paper concludes that the smart, inclusive and sustainable, innovation-led growth requires the rethinking of the role, the functions, the objectives and the instruments of public policy and economic governance.