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Abstract In the context of recent reforms affecting the public sector, maximizing good governance and performance of state‐owned enterprises is a major challenge for governments. The aim of the study is to provide a systematic and holistic review of the literature related to corporate governance and performance of state‐owned enterprises, to highlight and clarify the evolutionary trajectory of the field. To achieve the research objective, 409 publications that mention the term state‐owned enterprises and performance, indexed in the Web of Science database between 1997 and 2022 were analyzed by applying multiple bibliometric analysis methods and content analysis. The citation and co‐citation analysis results offer an outline of the most influential articles and journals, and links between authors, and provides a thematic classification. Through keyword co‐occurrence analysis, the paper highlights the research trends in the literature concerning state‐owned enterprises and proposes future research directions.
Ciolomic et al. (Mon,) studied this question.