Institutional Shareholder Activism in Nigeria: An Accountability Perspective
Accounting Forum, Vol.40(2), pp. 78-88, 2016
19 Pages Posted: 3 Feb 2020
Date Written: 2016
Research has identified institutional shareholders and shareholders’ associations as separate groups that are able to interact and promote accountability through shareholder activism. This study employs a qualitative methodology to critically evaluate how institutional shareholders perceive the participation of Nigerian shareholders’ associations in shareholder activism. We examine three features of accountability that are vital in shareholder activism; dialectical activity, independence and agenda. We contribute to the accountability literature by showing how these three features shape institutional shareholders’ perception of shareholders’ associations as shareholder activists. Our findings show distinct differences between the views of representatives from active and passive institutional shareholders.
Keywords: accountability theory, agency theory, institutional shareholders, Nigeria, shareholder activism, shareholders’ associations
Suggested Citation: Suggested Citation