Corporate governance and elites

Nakpodia, Franklin; Adegbite, Emmanuel

Abstract

Using a qualitative methodology (interviews), we examine the relationship between the effectiveness of corporate governance mechanisms and elitist interventions. In doing this, we identify three elitist groups – political, cultural and religious, and investigate how they shape the legitimacy and effectiveness (or otherwise) of the institutional drivers of corporate governance in Nigeria. We caution the widely-held notion in the literature which suggests that institutions act as a check on the behaviour of elites and influence how elites compete and emerge. Alternatively, we argue that elites, in the presence of institutional voids, can invent, circumvent and corrupt institutions.

Citation

Nakpodia, F., & Adegbite, E. (2018). Corporate governance and elites. Accounting Forum, 42(1), (17-31). doi:10.1016/j.accfor.2017.11.002. ISSN 0155-9982

• Journal Article Type: Article
• Acceptance Date: Nov 8, 2017
• Online Publication Date: Nov 20, 2017
• Publication Date: Mar 30, 2018
• Deposit Date: Aug 23, 2018
• Publicly Available Date: May 21, 2019
• Journal: Accounting Forum
• Print ISSN: 0155-9982
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 42
• Issue: 1
• Pages: 17-31
• DOI: https://doi.org/10.1016/j.accfor.2017.11.002
• Keywords: Corporate governance; Elites; Institutions; Institutional theory; Institutional voids; Corruption
• Public URL: https://nottingham-repository.worktribe.com/output/1046153
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S0155998217300881