Good Corporate Governance in Nigeria: Antecedents, Propositions and Peculiarities
Adegbite, E. (2015), "Good corporate governance in Nigeria: Antecedents, propositions and peculiarities", International Business Review, Vol. 24(2), pp. 319- 330.
40 Pages Posted: 27 Jan 2020
Date Written: 2015
Relying on an alternative theoretical framework (i.e. institutional theory), rather than the dominant agency theory, this paper examines the connections between corporate governance mechanisms and good practices, as informed by an empirical and contextual analysis. On the basis of research methods triangulation, this study presents nine specific antecedents of good corporate governance in weak institutional settings (Nigeria). The study points out how each of these antecedents must be understood, articulated and harnessed, on the basis of relevant institutional peculiarities, in order to address contextual governance challenges. This study adds to the institutional theorizing of good corporate governance, by paying attention to the context (African), efficiency (instrumentality) and legitimacy (symbolic) in explaining the firm-level drivers of good governance practices in an international business environment.
Keywords: Good Corporate Governance, Agency Theory, Institutional Theory, Nigeria, Africa, International Business, International Corporate Governance
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