| Rank | Theory | Counts | Rank | Theory | Counts |
| 1 | Agent theory | 11 (45.8%) | 1 | Agent theory | 32 (45.1%) |
| 2 | Contingency Theory | 6 (25%) | 2 | Contingency Theory | 9 (12.7%) |
| 3 | Tournament Theory | 1 (4.2%) | 3 | Tournament Theory | 6 (8.5%) |
| 4 | Asymmetric Information theory | 1 (4.2%) | 4 | Asymmetric Information theory | 4 (5.6%) |
| 5 | Stakeholder Theory | 1 (4.2%) | 5 | Stakeholder Theory | 3 (4.2%) |
| 6 | Contract Theory | 1 (4.2%) | 6 | Contract Theory | 1 (1.4%) |