Corporate governance and elitesTools Nakpodia, Franklin and Adegbite, Emmanuel (2018) Corporate governance and elites. Accounting Forum, 42 (1). pp. 17-31. ISSN 0155-9982
AbstractUsing 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.
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