Good corporate governance in Nigeria: Antecedents, propositions and peculiarities

Abstract

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Corporate Social Responsibility in Challenging and Non-enabling Institutional Contexts: Do Institutional Voids matter?

“…As such we attempt to answer the question: why and how might local firms pursue CSR practices in weak institutional contexts? Our enquiry is guided by the extant literature on the institutional theorising of CSR in varieties of capitalism and the literature on responsible business practices in developing economies (Idemudia and Ite, 2006;Eweje, 2006;Azmat and Samaratunge, 2009;Amaeshi et al, 2006;Adegbite et al, , 2013Adegbite, 2014;Blowfield and Frynas, 2005;Campbell, 2007;Deakin and Whittaker, 2007;McWilliams and Siegel, 2001;Aguilera et.al. 2006Aguilera et.al.…”

Examining the Link Between Religion and Corporate Governance: Insights From Nigeria

“…A review of qualitative studies (see, for instance, Adegbite, 2015;Nakpodia et al, 2016) Flick (2014) informed that in an interview-based study, it is important to decide whom to interview, and from which group. As this study focused on the connection between religion and corporate governance practices in Nigeria, a considerable number of interviewees (corporate executives) came from companies listed on the Nigerian Stock Exchange (NSE) (the foremost stock exchange in Nigeria).…”

“…Nonetheless, Adegbite (2015) suggested that elites, including those in religious environments, trigger corruption in Nigeria.…”

Auditor’s Risk Assessment of Independent Directors in Nigeria

“…Although, there are studies in this area from some emerging economies however, the corporate governance landscape in countries varies hence, limiting the generalizability of the frequently researched Anglo-American system in the Nigeria setting. In the sense that the indigenization policy embarked upon by the Nigerian government as some point in time lead to majority share ownership mostly held by founding families who have significant influence on board and on management [13]. Accordingly, the assumptions of market efficiency, competitive market and market mechanisms which agency theory presuppose are not validly applicable in the Nigerian where ownership concentrated [13].…”

“…In the sense that the indigenization policy embarked upon by the Nigerian government as some point in time lead to majority share ownership mostly held by founding families who have significant influence on board and on management [13]. Accordingly, the assumptions of market efficiency, competitive market and market mechanisms which agency theory presuppose are not validly applicable in the Nigerian where ownership concentrated [13]. Moreover, the code of corporate governance that was revised in 2011 just codified the requirement for the inclusion of non-executive independent directors and some companies are yet to comply with this requirement.…”