Corporate Governance and Elites

(2018) Accounting Forum, Vol.42, pp. 17-31.

36 Pages Posted: 25 Jan 2020

Date Written: January 2, 2018


Using a qualitative methodology (interviews), we examine the relationship between the effectiveness of corporate governance mechanisms and elitist interventions. In doing this, we identify three elitist groups – political, cultural and religious, and investigate how they shape the legitimacy and effectiveness (or otherwise) of the institutional drivers of corporate governance in Nigeria. We caution the widely-held notion in the literature which suggests that institutions act as a check on the behaviour of elites and influence how elites compete and emerge. Alternatively, we argue that elites, in the presence of institutional voids, can invent, circumvent and corrupt institutions.

Keywords: Corporate governance, elites, institutions, institutional theory, institutional voids, corruption

Suggested Citation

Nakpodia, Franklin and Adegbite, Emmanuel, Corporate Governance and Elites (January 2, 2018). (2018) Accounting Forum, Vol.42, pp. 17-31., Available at SSRN: or

Franklin Nakpodia


Emmanuel Adegbite (Contact Author)

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics