Professor EMMANUEL ADEGBITE's Outputs (47)

Insidious institutional challenges of mature MNE subsidiaries operating in weak institutional markets: Corporate governance to the rescue (2025)
Journal Article
Nakpodia, F., Ashiru, F., Adegbite, E., & Koporcic, N. (in press). Insidious institutional challenges of mature MNE subsidiaries operating in weak institutional markets: Corporate governance to the rescue. Journal of International Management,

Insidious institutional challenges are unknown versions of known challenges that exist and persist even in mature multinational enterprises (MNEs) in host markets. Although the international business literature offers valuable insights into the signi... Read More about Insidious institutional challenges of mature MNE subsidiaries operating in weak institutional markets: Corporate governance to the rescue.

The Relevance of Board Diversity Features in a Weak Institutional Business Environment (2025)
Journal Article
Ashiru, F., Adegbite, E., Ullah, S., Michael, A., & Pyper, N. (2025). The Relevance of Board Diversity Features in a Weak Institutional Business Environment. Business Strategy and the Environment, https://doi.org/10.1002/bse.4249

The board diversity literature continues to advance a simplistic but empirically unsubstantiated rhetoric of the board diversity accountability, economic benefits and its relationship with other firm characteristics. Yet, less is understood about whi... Read More about The Relevance of Board Diversity Features in a Weak Institutional Business Environment.

Green Credit Policy and Environmental Outcomes in China: The Critical Role of Local Banks in Pollution Reduction and Innovation (2025)
Journal Article
Li, J., Kim, J. R., & Adegbite, E. (2025). Green Credit Policy and Environmental Outcomes in China: The Critical Role of Local Banks in Pollution Reduction and Innovation. International Journal of Finance and Economics, https://doi.org/10.1002/ijfe.3150

This research assesses the role of local banks in the environmental consequences of the green credit policy (GCP) implementation in China. Utilising a sample of 297 cities from 2010 to 2017 and employing a difference-in-difference model, the study ex... Read More about Green Credit Policy and Environmental Outcomes in China: The Critical Role of Local Banks in Pollution Reduction and Innovation.

The Benefits of Being Greener: Unravelling the Association Between Carbon Performance and Market Value (2025)
Journal Article
Morrison, E. A., Adegbite, E., Mangena, M., Kimani, D., & Adu, D. A. (2025). The Benefits of Being Greener: Unravelling the Association Between Carbon Performance and Market Value. Business Strategy and the Environment, 34(4), 4928-4957. https://doi.org/10.1002/bse.4224

This study examines the interrelations among pay incentives, board sustainability committee initiative, carbon performance and market value. Using data from listed firms in emerging economies, we find that pay incentives and board sustainability comm... Read More about The Benefits of Being Greener: Unravelling the Association Between Carbon Performance and Market Value.

The Influence of Ownership and Control on Corporate Social Responsibility in East Asia (2025)
Journal Article
Chen, S.-Y., Adegbite, E., Muthuri, J. N., & Nguyen, T. H. (in press). The Influence of Ownership and Control on Corporate Social Responsibility in East Asia. Corporate Governance, https://doi.org/10.1111/corg.12639

Research Question/Issue
Underpinned by an eclectic theoretical framework of agency theory and stakeholder theory, this study examines whether control by family, institutional investors, or governments affects a firm's corporate social responsibility... Read More about The Influence of Ownership and Control on Corporate Social Responsibility in East Asia.

Reliability of the audit committee in weak institutional environments: Evidence from Nigeria (2024)
Journal Article
Ashiru, F., Adegbite, E., Frecknall-Hughes, J., & Daodu, O. (2024). Reliability of the audit committee in weak institutional environments: Evidence from Nigeria. Journal of International Accounting, Auditing and Taxation, 57, Article 100657. https://doi.org/10.1016/j.intaccaudtax.2024.100657

Relying on institutional theory, this article presents external stakeholders’ perspectives on the factors that influence audit committees’ independence and reliability in a weak institutional context. We conducted 37 semi-structured interviews with t... Read More about Reliability of the audit committee in weak institutional environments: Evidence from Nigeria.

Socially responsible purchasing (SRP) in the supply chain industry: Meanings and influences (2024)
Journal Article
Ogunyemi, T., Adegbite, E., Nakpodia, F., Yekini, K., & Ayios, A. (2025). Socially responsible purchasing (SRP) in the supply chain industry: Meanings and influences. Business Ethics: A European Review, 34(2), 362-376. https://doi.org/10.1111/beer.12655

Organisations are increasingly expected to respond to societal and environmental issues within their supply chains. The nuances of this expectation necessitate the consideration of the disparities in corporate social responsibility (CSR) practices wi... Read More about Socially responsible purchasing (SRP) in the supply chain industry: Meanings and influences.

Corporate governance and boards in Africa: the Ubuntu model? (2024)
Book Chapter
Adegbite, E., & Ashiru, F. (2024). Corporate governance and boards in Africa: the Ubuntu model?. In Elgar Encyclopedia of Corporate Governance (115-116). Edward Elgar Publishing. https://doi.org/10.4337/9781839107061.ch41

This is the definition of ‘Corporate governance and boards in Africa: the Ubuntu model?’ in the book ‘Elgar Encyclopedia of Corporate Governance’. With 163 authoritative entries providing definitive explanations and critiques of the fundamental princ... Read More about Corporate governance and boards in Africa: the Ubuntu model?.

CFO overconfidence and conditional accounting conservatism (2023)
Journal Article
Qiao, L., Adegbite, E., & Nguyen, T. H. (2024). CFO overconfidence and conditional accounting conservatism. Review of Quantitative Finance and Accounting, 62, 1-37. https://doi.org/10.1007/s11156-023-01188-7

This study investigates the association between Chief Financial Officers (CFOs) overconfidence and conditional accounting conservatism. Relying on upper echelons and overconfidence theories and based on a large sample of US-listed firms’ data from 19... Read More about CFO overconfidence and conditional accounting conservatism.

Nigerian professional investors' sense-making of the impact of shareholder activism on corporate accountability (2023)
Journal Article
Ashiru, F., Adegbite, E., & Nakpodia, F. (2023). Nigerian professional investors' sense-making of the impact of shareholder activism on corporate accountability. Journal of Accounting and Public Policy, 42(4), Article 107114. https://doi.org/10.1016/j.jaccpubpol.2023.107114

This study investigates the perceptions of professional investors (PIs) on the impact of three groups of shareholder activists (i.e., reputable, sophisticated, or institutional) on corporate accountability in a weak institutional context and how this... Read More about Nigerian professional investors' sense-making of the impact of shareholder activism on corporate accountability.

Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts (2023)
Journal Article
Areneke, G., Adegbite, E., Tunyi, A., & Hussain, T. (2023). Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts. Journal of Business Research, 164, Article 114028. https://doi.org/10.1016/j.jbusres.2023.114028

We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations... Read More about Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts.

Chief financial officer overconfidence and earnings management (2023)
Journal Article
Qiao, L., Adegbite, E., & Nguyen, T. (2025). Chief financial officer overconfidence and earnings management. Accounting Forum, 49(1), 181-205. https://doi.org/10.1080/01559982.2023.2196045

This study explores the relationship between overconfident Chief Financial Officers (CFOs) and earnings management. Through the lens of upper echelons and overconfidence theories, and using a large sample of 14,156 observations of US firms from 1999... Read More about Chief financial officer overconfidence and earnings management.

Corporate Governance and Corporate Political Responsibility (2023)
Journal Article
Ali, H., Adegbite, E., & Nguyen, T. H. (2023). Corporate Governance and Corporate Political Responsibility. Business and Society, 62(7), 1496–1540. https://doi.org/10.1177/00076503231157725

This study investigates the pivotal policy question of whether a firm’s corporate governance influences its political spending disclosures. Using a sample of S&P 500 firms from 2011 to 2019, we find empirical evidence that a board of directors’ monit... Read More about Corporate Governance and Corporate Political Responsibility.

Political uncertainty and stock market liquidity, size, and transaction cost: The role of institutional quality (2023)
Journal Article
Kwabi, F. . O., Adegbite, E., Ezeani, E., Wonu, C., & Mumbi, H. (2024). Political uncertainty and stock market liquidity, size, and transaction cost: The role of institutional quality. International Journal of Finance and Economics, 29(2), 2030-2048. https://doi.org/10.1002/ijfe.2760

Using panel data of 42 countries from 2001 to 2019, we examine whether political uncertainty (caused by uncertainty about national elections) explains variations in cross-country liquidity, market size, and transaction cost. We also investigate wheth... Read More about Political uncertainty and stock market liquidity, size, and transaction cost: The role of institutional quality.

Chief financial officer overconfidence and stock price crash risk (2022)
Journal Article
Qiao, L., Adegbite, E., & Nguyen, T. H. (2022). Chief financial officer overconfidence and stock price crash risk. International Review of Financial Analysis, 84, Article 102364. https://doi.org/10.1016/j.irfa.2022.102364

Numerous studies have shown the prevalence of overconfidence among Chief Financial Officers (CFOs). Surprisingly, the real effect of CFO overconfidence is under-researched. Using data from a large sample of US-listed firms over the period 1993–2019 a... Read More about Chief financial officer overconfidence and stock price crash risk.

Ownership Structure and Political Spending Disclosure (2022)
Journal Article
Ali, H., Adegbite, E., & Nguyen, T. H. (2022). Ownership Structure and Political Spending Disclosure. Accounting Forum, 46(2), 160-190. https://doi.org/10.1080/01559982.2021.1929006

This study examines the link between ownership structure and political spending disclosure (PSD). We break down ownership into four different groups of shareholders: institutional, insider, governmental and foreign. Using a unique dataset provided by... Read More about Ownership Structure and Political Spending Disclosure.

Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis (2022)
Journal Article
Ashiru, F., Adegbite, E., Nakpodia, F., & Koporcic, N. (2022). Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis. Industrial Marketing Management, 105, 18-32. https://doi.org/10.1016/j.indmarman.2022.05.011

During the COVID-19 crisis, small and medium-sized enterprises (SMEs) in developing markets, marred by significant institutional voids, grappled with a perennial lack of resources. This article seeks to understand how these SMEs activated their dynam... Read More about Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis.

Transfer of corporate governance practices into weak emerging market environments by foreign institutional investors (2022)
Journal Article
Areneke, G., Adegbite, E., & Tunyi, A. (2022). Transfer of corporate governance practices into weak emerging market environments by foreign institutional investors. International Business Review, 31(5), Article 101978. https://doi.org/10.1016/j.ibusrev.2022.101978

We advance the practice transfer theorising of corporate governance (CG) by developing a framework that uncovers how foreign institutional investors (FIIs) improve on CG practices of firms in weak institutional environments. Using hand-collected data... Read More about Transfer of corporate governance practices into weak emerging market environments by foreign institutional investors.

Corporate governance regulation: a practice theory perspective (2021)
Journal Article
Nakpodia, F., Adegbite, E., & Ashiru, F. (2021). Corporate governance regulation: a practice theory perspective. Accounting Forum, 47(1), 73-98. https://doi.org/10.1080/01559982.2021.1995934

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 re... Read More about Corporate governance regulation: a practice theory perspective.

Ownership structure and political spending disclosure (2021)
Journal Article
Ali, H., Adegbite, E., & Nguyen, T. H. (2022). Ownership structure and political spending disclosure. Accounting Forum, 46(2), 160-190. https://doi.org/10.1080/01559982.2021.1929006

This study examines the link between ownership structure and political spending disclosure (PSD). We break down ownership into four different groups of shareholders: institutional, insider, governmental and foreign. Using a unique dataset provided by... Read More about Ownership structure and political spending disclosure.