Regulatory Multiplicity and Conflict: Towards a Combined Code on Corporate Governance in Nigeria

Osemeke, L. & Adegbite, E. (2016), "Regulatory multiplicity and conflict: Towards a combined code on corporate governance in Nigeria", Journal of Business Ethics, Vol.133(3), pp. 431-451.

49 Pages Posted: 27 Jan 2020

See all articles by Louis Osemeke

Louis Osemeke

affiliation not provided to SSRN

Emmanuel Adegbite

University of Nottingham

Date Written: 2016

Abstract

Given the multiplicity of codes designed to regulate different stakeholders in terms of promoting good corporate governance, this paper examines areas of conflicts amongst the various codes and the associated implications for corporate governance practices and regulatory compliances by public listed Nigerian firms. Using the conflict-signalling theory for developing the conceptual framework, this study examines the proliferation of codes in Nigeria, through a mixed method approach to provide an exploratory account of the implications of corporate governance regulatory multiplicity. Evidence suggests the presence of conflict among the various codes which contributes to reduced compliance by firms and ineffective enforceability by regulatory agencies, which both impede good corporate governance in Nigeria. The findings advance conflict-signalling theory as an important framework for understanding the implications of the conflicts arising from the multiplicity of codes.

Keywords: Corporate governance, multiplicity, Code of corporate governance, Developing countries, Nigeria, Conflict-signalling theory

Suggested Citation

Osemeke, Louis and Adegbite, Emmanuel, Regulatory Multiplicity and Conflict: Towards a Combined Code on Corporate Governance in Nigeria (2016). Osemeke, L. & Adegbite, E. (2016), "Regulatory multiplicity and conflict: Towards a combined code on corporate governance in Nigeria", Journal of Business Ethics, Vol.133(3), pp. 431-451., Available at SSRN: https://ssrn.com/abstract=3512780 or http://dx.doi.org/10.2139/ssrn.3512780

Louis Osemeke

affiliation not provided to SSRN

Emmanuel Adegbite (Contact Author)

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

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