engleski

Challenges in Applying Qualitative Research Methods to Study Board of Directors Performance

The field of corporate governance and board of director performance continues to be dominated by a quantitative research paradigm and studies based on large scale archival data. Although such studies have significantly contributed to this discipline uprising, they are criticized for their disability to capture actual board behavior. Calls for studying actual board activities and directors' behavior are becoming more frequent, as well as the notion that qualitative research methods have strong explanatory power when the above comes into question. Although qualitative research methods have increased in number across organization and management studies, their establishment in corporate governance and board of director studies has been relatively slow. This paper aims to identify and synthesize the major barriers and challenges of carrying qualitative research to study board of director performance. The paper provides an overview of the existing qualitative research practices highlighting the advantages and disadvantages of previously used methods. Further, the paper illustrates identified challenges regarding 1) data access and collection techniques, 2) data analysis, and 3) assuring validity. Increasing the rigor of qualitative studies is recognized as a key precondition for affirmation of such paradigm in the field of corporate governance. Finally, the paper contributes to the emerging dialogue that questions the established research practices and calls for further empowerment of the new research agenda in corporate governance studies.

behavioral corporate governance ; board of directors ; qualitative research methods

nije evidentirano