Good corporate governance in Nigeria: Antecedents, propositions and peculiarities

Adegbite, E.

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.

Citation

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

• Journal Article Type: Article
• Publication Date: Apr 1, 2015
• Deposit Date: Aug 8, 2014
• Publicly Available Date: Sep 17, 2014
• Journal: International Business Review
• 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: Africa, Agency theory, Good corporate governance, Institutional theory, International business, International corporate governance, Nigeria.