Corporate governance regulation: a practice theory perspective

Nakpodia, F.; Adegbite, E; Ashiru, F.

doi:10.1080/01559982.2021.1995934

Corporate governance regulation: a practice theory perspective

Nakpodia, F.; Adegbite, E; Ashiru, F.

Authors

Dr Franklin Nakpodia franklin.nakpodia@durham.ac.uk
Associate Professor

E Adegbite

F. Ashiru

Abstract

Employing Bourdieu’s practice theory, this paper explores factors that influence corporate executives’ behaviour towards corporate governance regulation. Drawing insights from a weak institutional environment (Nigeria) and relying on a qualitative research methodology (semi-structured interviews with 31 executives), this research uncovers how nine nuanced situational and cultural field factors determine executives’ regulatory response to the severity of punishment, the certainty of penalties, and the cost-benefit compliance considerations. The study further explains how sequential rationalisation between the severity and certainty of punishment contributes to the regulatory apathy that executives exhibit. Theoretically, this study demonstrates how practice theory components (habitus, capital, and field) blend to establish executives’ regulatory practice.

Citation

Nakpodia, F., Adegbite, E., & Ashiru, F. (2023). Corporate governance regulation: a practice theory perspective. Accounting Forum, 47(1), 73-98. https://doi.org/10.1080/01559982.2021.1995934

Journal Article Type	Article
Acceptance Date	Oct 17, 2021
Online Publication Date	Dec 5, 2021
Publication Date	2023
Deposit Date	Oct 21, 2021
Publicly Available Date	May 17, 2023
Journal	Accounting Forum
Print ISSN	0155-9982
Electronic ISSN	1467-6303
Publisher	Taylor and Francis Group
Peer Reviewed	Peer Reviewed
Volume	47
Issue	1
Pages	73-98
DOI	https://doi.org/10.1080/01559982.2021.1995934
Public URL	https://durham-repository.worktribe.com/output/1225852

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This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.