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Corporate governance regulation: a practice theory perspective

Nakpodia, Franklin; Adegbite, Emmanuel; Ashiru, Folajimi

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Authors

Franklin Nakpodia

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

Folajimi Ashiru



Abstract

Employing Bourdieu’s practice theory, this paper explores factors that influence corporate executives’ behaviour towards corporate governance regulation. Drawing insights from a weak institutional environment (Nigeria) and relying on a qualitative research methodology (semi-structured interviews with 31 executives), this research uncovers how nine nuanced situational and cultural field factors determine executives’ regulatory response to the severity of punishment, the certainty of penalties, and the cost–benefit compliance considerations. The study further explains how sequential rationalisation between the severity and certainty of punishment contributes to the regulatory apathy that executives exhibit. Theoretically, this study demonstrates how practice theory components (habitus, capital, and field) blend to establish executives’ regulatory practice.

Journal Article Type Article
Acceptance Date Oct 18, 2021
Online Publication Date Dec 5, 2021
Publication Date Dec 5, 2021
Deposit Date Oct 18, 2021
Publicly Available Date Jun 6, 2023
Journal Accounting Forum
Print ISSN 0155-9982
Electronic ISSN 1467-6303
Peer Reviewed Peer Reviewed
Volume 47
Issue 1
Pages 73-98
DOI https://doi.org/10.1080/01559982.2021.1995934
Public URL https://nottingham-repository.worktribe.com/output/6500641
Publisher URL https://www.tandfonline.com/doi/full/10.1080/01559982.2021.1995934

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