Abstract
This study examines municipal corporations (MCs) in the delivery of public services, highlighting their legal and managerial autonomy and unique commercial positioning compared to traditional municipal structures. The systematic review of 43 studies in 20 journals identifies five core MC themes: ownership and characteristics, governance, performance, control and accountability, and accounting choices. The study shows that, while MCs are flexible and potentially cost-effective, their complexity poses governance challenges, including the risk of corruption and inefficiency. The dual role of MCs-balancing public service and commercial objectives-highlights the need for strategic alignment and effective governance. In addition, the study underscores the importance of systematic analysis and theoretical clarity, particularly through the lens of hybridity, to better understand the multiple impacts of MCs. Finally, the study reveals a disconnect between legislative goals and implementation, suggesting the need for closer alignment between policy and practice to effectively address these challenges.