Corporate governance and elites. Issue 1 (1st March 2018)

• Record Type: Journal Article
• Authors: Nakpodia, Franklin; Adegbite, Emmanuel
• Is Part Of: Accounting forum. Volume 42:Issue 1(2018)
• Page Start: 17
• Page End: 31
• Publication Date: 2018-03-01
• Subjects: Corporate governance -- Elites -- Institutions -- Institutional theory -- Institutional voids -- Corruption; Accounting -- Australia -- Periodicals; Comptabilité -- Australie -- Périodiques; Finances de l'entreprise; Australie; 657.05
• DOI: 10.1016/j.accfor.2017.11.002
• Languages: English
• ISSNs: 0155-9982

Abstract

Abstract: Using a qualitative methodology (interviews), we examine the relationship between the effectiveness of corporate governance mechanisms and elitist interventions. In doing this, we identify three elitist groups – political, cultural and religious, and investigate how they shape the legitimacy and effectiveness (or otherwise) of the institutional drivers of corporate governance in Nigeria. We caution the widely-held notion in the literature which suggests that institutions act as a check on the behaviour of elites and influence how elites compete and emerge. Alternatively, we argue that elites, in the presence of institutional voids, can invent, circumvent and corrupt institutions.