Regulatory multiplicity and conflict: Towards a combined code on corporate governance in Nigeria.

Date
2014-09-26
Authors
Osemeke, Louise
Adegbite, E.
Journal Title
Journal ISSN
ISSN
0167-4544
Volume Title
Publisher
Spinger
Peer reviewed
Yes
Abstract
Given the multiplicity of codes designed to regulate different stakeholders in terms of promoting good corporate governance, this paper examines areas of conflicts among the various codes and the associated implications for corporate governance practices and regulatory compliances by public-listed Nigerian firms. Using the conflict-signalling theory for developing the conceptual framework, this study examines the proliferation of codes in Nigeria, through a mixed method approach to provide an exploratory account of the implications of corporate governance regulatory multiplicity. Evidence suggests the presence of conflict among the various codes which contributes to reduced compliance by firms and ineffective enforceability by regulatory agencies, which both impede good corporate governance in Nigeria. The findings advance conflict-signalling theory as an important framework for understanding the implications of the conflicts arising from the multiplicity of codes.
Description
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Keywords
Corporate governance, Multiplicity, Code of corporate governance, Developing countries, Nigeria, Conflict-signalling theory
Citation
Osemeke, L. and Adegbite, E. (2016) Regulatory multiplicity and conflict: Towards a combined code on corporate governance in Nigeria. Journal of Business Ethics, 133 (3), pp. 431-451
Research Institute