Good corporate governance in Nigeria: Antecedents, propositions and peculiarities

Adegbite, Emmanuel

Abstract

Relying on an alternative theoretical framework (i.e. institutional theory), rather than the dominant agency theory, this paper examines the connections between corporate governance mechanisms and good practices, as informed by an empirical and contextual analysis. On the basis of research methods triangulation, this study presents nine specific antecedents of good corporate governance in weak institutional settings (Nigeria). The study proposes how each of these antecedents must be understood, articulated and harnessed, on the basis of relevant institutional peculiarities, in order to address contextual governance challenges. This study adds to the institutional theorising of good corporate governance, by paying attention to the context (African), efficiency (instrumentality) and legitimacy (symbolic) in explaining the firm-level drivers of good governance practices in an international business environment.

• Journal Article Type: Article
• Acceptance Date: Aug 7, 2014
• Online Publication Date: Aug 30, 2014
• Publication Date: 2015-04
• Deposit Date: Dec 5, 2018
• Print ISSN: 0969-5931
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 24
• Issue: 2
• Pages: 319-330
• DOI: https://doi.org/10.1016/j.ibusrev.2014.08.004
• Keywords: AfricaAgency TheoryGood Corporate GovernanceInstitutional TheoryInternational BusinessInternational Corporate GovernanceNigeria
• Public URL: https://nottingham-repository.worktribe.com/output/1368180
• Publisher URL: https://www.sciencedirect.com/science/article/pii/S0969593114001231