“…Comparative research has risen in popularity since its inception in the 1950s, and is now a recognised and widely employed research approach, particularly in the social sciences (Hantrais, 1999;Elder, 1976). Political science and sociology, in particular, have used comparative research of this kind to great effect, and the last two decades have seen a similar rise in the use of cross-national research in management studies (Schollhammer, 1969;Cheng, 1982;Peng et al, 1991;Baxter andKane, 1995, Pedersen andThomsen, 1997;Cullen et al, 2004;Parboteeah et al, 2008). Cross-national research has also been used in corporate governance research to understand such matters as variations in CEO remuneration (Otten and Heugens, 2008;Tosi and Greckhamer, 2004), hostile takeovers and shareholder protection (Schneper and Guilén, 2004) and ownership concentration and firm performance (Gedajlovic and Shapiro, 1998).…”