Institutional Shareholder Activism in Nigeria: An Accountability Perspective

Accounting Forum, Vol.40(2), pp. 78-88, 2016

19 Pages Posted: 3 Feb 2020

See all articles by C. Uche

C. Uche

Independent

Emmanuel Adegbite

University of Nottingham

Mike Jones

Independent

Date Written: 2016

Abstract

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

Uche, C. and Adegbite, Emmanuel and Jones, Mike, Institutional Shareholder Activism in Nigeria: An Accountability Perspective (2016). Accounting Forum, Vol.40(2), pp. 78-88, 2016, Available at SSRN: https://ssrn.com/abstract=3512787 or http://dx.doi.org/10.2139/ssrn.3512787

C. Uche

Independent

Emmanuel Adegbite (Contact Author)

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

Mike Jones

Independent ( email )

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