Corporate Governance Regulation: A Practice Theory Perspective

Accounting Forum

Posted: 18 Oct 2021

See all articles by Franklin Nakpodia

Franklin Nakpodia

Durham University; The University of South Africa (UNISA)

Emmanuel Adegbite

University of Nottingham

Folajimi Ashiru

affiliation not provided to SSRN

Date Written: October 17, 2021

Abstract

Employing Bourdieu’s practice theory, this paper explores factors that influence corporate executives’ behaviour towards corporate governance regulation. Drawing insights from a weak institutional environment (Nigeria) and relying on a qualitative research methodology (semi-structured interviews with 31 executives), this research uncovers how nine nuanced situational and cultural field factors determine executives’ regulatory response to the severity of punishment, the certainty of penalties, and the cost-benefit compliance considerations. The study further explains how sequential rationalisation between the severity and certainty of punishment contributes to the regulatory apathy that executives exhibit. Theoretically, this study demonstrates how practice theory components (habitus, capital, and field) blend to establish executives’ regulatory practice.

Keywords: corporate governance, practice theory, regulation, certainty, severity, regulatory habitus, Nigeria

Suggested Citation

Nakpodia, Franklin and Adegbite, Emmanuel and Ashiru, Folajimi, Corporate Governance Regulation: A Practice Theory Perspective (October 17, 2021). Accounting Forum, Available at SSRN: https://ssrn.com/abstract=3944867

Franklin Nakpodia (Contact Author)

Durham University ( email )

Old Elvet
Mill Hill Lane
Durham, Durham DH1 3HP
United Kingdom

The University of South Africa (UNISA) ( email )

City of Tshwane
Pretoria
South Africa

Emmanuel Adegbite

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

Folajimi Ashiru

affiliation not provided to SSRN

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