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Good corporate governance in Nigeria: Antecedents, propositions and peculiarities

Adegbite, Emmanuel


Professor in Accounting and Corporate Governance


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.


Adegbite, E. (2015). Good corporate governance in Nigeria: Antecedents, propositions and peculiarities. International Business Review, 24(2), 319-330. doi:10.1016/j.ibusrev.2014.08.004

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
Keywords AfricaAgency TheoryGood Corporate GovernanceInstitutional TheoryInternational BusinessInternational Corporate GovernanceNigeria
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