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