Political analysis of shareholder activism in emergent democracies : a case study of Nigeria
Adegbite, Emmanuel Olakanmi, 1944-, Amaeshi, Kenneth and Amao, Olufemi O. (2010) Political analysis of shareholder activism in emergent democracies : a case study of Nigeria. Working Paper. University of Warwick, Centre for the Study of Globalisation and Regionalisation.
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Shareholder activism has become a force for good in the extant corporate governance literature. In this paper, we present a case study of Nigeria, characterised by a very turbulent polity, to show how shareholder activism, as a corporate governance mechanism, can constitute a space for unhealthy politics and politicking. As a result, we point out some translational challenges, and suggest more caution, in the diffusion of corporate governance practices across different institutional environments. We primarily contribute to the literature on corporate governance in Africa, whilst creating an understanding of the political embeddedness of shareholder activism in different institutional contexts – i.e. a step closer to a political theorising of shareholder activism.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor|
|Divisions:||Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation|
|Library of Congress Subject Headings (LCSH):||Stockholders -- Nigeria, Corporate governance -- Nigeria|
|Series Name:||Working Papers|
|Publisher:||University of Warwick|
|Place of Publication:||Centre for the Study of Globalisation and Regionalisation|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
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