One of the key themes of the current debate on the structural reform of local government is accountability. Seeks to clarify what accountability is and to identify the conditions under which it might be said to be at its best. (Abstract amended)
Representative democracy hinges upon the notion of accountability. We examine the mediating effects of political context on economic accountability in a hostile environment - the developing democracies of Central America. We test whether clarity of responsibility mediates the economy's effects on citizens' support for a president using approval ratings. In general, we find that a good economy increases public support for a president significantly more under unified government, but surprisingly, we find that a bad economy decreases public support for a president far more under divided government. Dynamic simulations show that these effects become more pronounced during sustained periods of economic expansion or contraction. (GIGA)
Purpose – This paper reviews traditional corporate governance and accountability research, to suggest opportunities for future research in this field. The first part adopts an analytical frame of reference based on theory, accountability mechanisms, methodology, business sector/context, globalisation and time horizon. The second part of the paper locates the seven papers in the special issue in a framework of analysis showing how each one contributes to the field. The paper presents a frame of reference which may be used as a 'roadmap' for researchers to navigate their way through the prior literature and to position their work on the frontiers of corporate governance research. Design/methodology/approach – The paper employs an analytical framework, and is primarily discursive and conceptual. Findings – The paper encourages broader approaches to corporate governance and accountability research beyond the traditional and primarily quantitative approaches of prior research. Broader theoretical perspectives, methodological approaches, accountability mechanism, sectors/contexts, globalisation and time horizons are identified. Research limitations/implications – Greater use of qualitative research methods are suggested, which present challenges particularly of access to the “black box” of corporate boardrooms. Originality/value – Drawing on the analytical framework, and the papers in the special issue, the paper identifies opportunities for further research of accountability and corporate governance.