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The determinants of good corporate governance: The case of Nigeria

Adegbite, E. A. (2010). The determinants of good corporate governance: The case of Nigeria. (Unpublished Doctoral thesis, Cass Business School)


This thesis investigates the key (institutional, regulatory, external and specific) determinants of good corporate governance in Nigeria. The study adopted a mix of the following qualitative research methods: in-depth interviews, focus group discussions, direct observations and case studies, to conduct a survey of corporate governance specialists in Nigeria, with sufficient capacity mix and diverse disciplinary and functional backgrounds. The study provides in-depth discussions with regards to the definitive motive of corporate governance and further demonstrates that developing countries face peculiar corporate governance challenges. The author shows how this peculiarity is contingent on certain national and firm-specific institutional environments. Furthermore, whilst there have been recent advocacy at implementing good corporate governance in Nigeria, as a means to re-shape the perceived negative institutional configurations, the author presents a case of institutional maintenance, where changes at the industry level are unable to change the self-reinforcing institutional landscape. As a result, whilst encouraging a deeper and less normative discourse, the author exposes possible challenges in transferring and enacting uniform corporate governance practices across different institutional contexts.

Upon this institutionalist background, the thesis further looks exhaustively into the subject of corporate governance regulation in Nigeria (including the role of government), and shows that countries will have to position their regulatory systems to tackle the particular challenges they face. Furthermore, given that the African business infrastructure cannot be separated from past and present external influences, the author provides a cross-examination of the impact and influences of external governance mechanisms and forces on Nigeria. Discussions here have specific relevance for the literature on corporate governance in the USA, the UK, Japan, China and India. Also, the author examines the impact of the varying dimensions of global (as posed, but Anglo-Saxon in principle and character) institutional initiatives, with regards to cross national corporate governance monitoring and development, on Nigeria. Lastly, guided by the ultimate need to promote good corporate governance in developing countries, the author identifies nine specific drivers of good corporate governance in developing countries, whilst taking into account the afore-mentioned determinants. It is anticipated that this thesis augments the budding literature on corporate governance in developing countries, with secondary contributions to the broad literature on comparative corporate governance studies and comparative institutionalism, and presenting implications, not only to the academy but, to the business sector and the polity of developing market economies.

Publication Type: Thesis (Doctoral)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments: Bayes Business School > Management
Doctoral Theses
Bayes Business School > Bayes Business School Doctoral Theses
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