Corporate Governance and Sustainable Financing: A structured Literature Review and Future Direction

The study examines the relationship between corporate governance and sustainable financing through structured literature review (SLR). Moreover, it aims is to identify what further research is needed. The paper uses a qualitative method to structurally review and synthesise recent findings. The SLR sample consists of 61 empirical publications in 30 journals between 2011 and 2020. This research attempts to improve our understanding and knowledge on the relationship between corporate governance and sustainable financing considering the rapidly expanding interests of different stakeholders in society. This paper comprehensively reviews the relationship between corporate governance mechanism and sustainable financing practices. Specifically, this review indicates (i) what we need to know about the relationship, (ii) what we have learned thus far, and (iii) what remains to be learned. The findings provide a valuable contribution to academic community, policy makers, and diverse stakeholders on the importance of corporate governance in advancing sustainable financing in corporate organisations.