Neither Principles Nor Rules: Making Corporate Governance Work in Sub-Saharan Africa

Nakpodia, Franklin, Adegbite, Emmanuel, Amaeshi, Kenneth and Owolabi, Akintola (2018) Neither Principles Nor Rules: Making Corporate Governance Work in Sub-Saharan Africa. Journal of Business Ethics, 151 (2). pp. 391-408. ISSN 0167-4544

[img]
Preview
Text (Final published version)
Nakpodia2018_Article_NeitherPrinciplesNorRulesMakin.pdf - Published Version
Available under License Creative Commons Attribution 4.0.

Download (805kB) | Preview
[img]
Preview
Text (Advance online version)
Adegbite.pdf - Published Version
Available under License Creative Commons Attribution 4.0.

Download (813kB) | Preview
Official URL: https://doi.org/10.1007/s10551-016-3208-5

Abstract

Corporate governance is often split between rule-based and principle-based approaches to regulation in different institutional contexts. This split is often informed by the types of institutional configurations, their strengths, and the complementarities within them. This approach to corporate governance regulation is mostly discussed in the context of developed economies and their regulatory demands. However, in developing and weak market economies, such as in Sub-Saharan Africa, there is no such explicit split and the debates on such contexts in the comparative corporate governance literature have been meagre. Nonetheless, there are sparks of good corporate governance practices in the region. Drawing from institutional theory and a case study of a largest economy, we explore the appropriateness or suitability of corporate governance regulatory frameworks in Sub-Saharan Africa. Our findings suggest that Nigeria needs an integrated system that combines elements of both rule-based and principle-based regulation, supported by a multi-stakeholder co-regulation strategy. This paper departs from the mainstream rule-based and principle-based categorisations by forging ahead new perspectives on corporate governance regulation, especially in weak market economies.

Item Type: Article
Uncontrolled Keywords: Corporate governance, Sub-Saharan Africa (Nigeria), Principles-based, Rule-based, Co-regulation, Institutional theory, Culture
Subjects: N100 Business studies
N300 Finance
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Becky Skoyles
Date Deposited: 09 Jun 2016 10:04
Last Modified: 31 Jul 2021 22:06
URI: http://nrl.northumbria.ac.uk/id/eprint/27071

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics