Institutional shareholder activism in Nigeria: an accountability perspective

Uche, Chinyere; Adegbite, Emmanuel; Jones, Mike

Abstract

Research has identified institutional shareholders and shareholders' associations as separate groups that are able to interact and promote accountability through shareholder activism. This study employs a qualitative methodology to critically evaluate how institutional shareholders perceive the participation of Nigerian shareholders' associations in shareholder activism. We examine three features of accountability that are vital in shareholder activism; dialectical activity, independence and agenda. We contribute to the accountability literature by showing how these three features shape institutional shareholders' perception of shareholders' associations as shareholder activists. Our findings show distinct differences between the views of representatives from active and passive institutional shareholders.

Citation

Uche, C., Adegbite, E., & Jones, M. (2016). Institutional shareholder activism in Nigeria: an accountability perspective. Accounting Forum, 40(2), 78-88. doi:10.1016/j.accfor.2016.03.001

• Journal Article Type: Article
• Acceptance Date: Mar 4, 2016
• Online Publication Date: Mar 30, 2016
• Publication Date: Jun 3, 2016
• Deposit Date: Dec 5, 2018
• Publicly Available Date: Dec 5, 2018
• Journal: Accounting Forum
• Print ISSN: 0155-9982
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 40
• Issue: 2
• Pages: 78-88
• DOI: https://doi.org/10.1016/j.accfor.2016.03.001
• Keywords: Accountability theory; Agency theory; Institutional shareholders; Nigeria; Shareholder activism; Shareholders' associations
• Public URL: https://nottingham-repository.worktribe.com/output/1368013
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S0155998215300375