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Regulatory multiplicity and conflict: towards a combined code on corporate governance in Nigeria

Osemeke, Louise; Adegbite, Emmanuel

Authors

Louise Osemeke

EMMANUEL ADEGBITE EMMANUEL.ADEGBITE@NOTTINGHAM.AC.UK
Professor in Accounting and Corporate Governance



Abstract

Given the multiplicity of codes designed to regulate different stakeholders in terms of promoting good corporate governance, this paper examines areas of conflicts amongst the various codes and the associated implications for corporate governance practices and regulatory compliances by public listed Nigerian firms. Using the conflict-signalling theory for developing the conceptual framework, this study examines the proliferation of codes in Nigeria, through a mixed method approach to provide an exploratory account of the implications of corporate governance regulatory multiplicity. Evidence suggests the presence of conflict among the various codes which contributes to reduced compliance by firms and ineffective enforceability by regulatory agencies, which both impede good corporate governance in Nigeria. The findings advance conflict-signalling theory as an important framework for understanding the implications of the conflicts arising from the multiplicity of codes. Paper Type: Research paper.

Citation

Osemeke, L., & Adegbite, E. (2016). Regulatory multiplicity and conflict: towards a combined code on corporate governance in Nigeria. Journal of Business Ethics, 133(3), 431-451

Journal Article Type Article
Acceptance Date Sep 14, 2014
Online Publication Date Sep 26, 2016
Publication Date Feb 5, 2016
Deposit Date Dec 5, 2018
Publicly Available Date Jan 22, 2019
Print ISSN 0167-4544
Electronic ISSN 1573-0697
Publisher BMC
Peer Reviewed Peer Reviewed
Volume 133
Issue 3
Pages 431-451
Keywords Corporate governance; multiplicity; Code of corporate governance; Developing countries; Nigeria; Conflict-signalling theory
Public URL https://nottingham-repository.worktribe.com/output/1367455
Publisher URL https://link.springer.com/article/10.1007%2Fs10551-014-2405-3

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