Corporate governance regulation: a practice theory perspective

Nakpodia, Franklin, Adegbite, Emmanuel, and Ashiru, Folajimi (2022) Corporate governance regulation: a practice theory perspective. Accounting Forum. (In Press)

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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.

Item ID: 71149
Item Type: Article (Research - C1)
ISSN: 1467-6303
Keywords: Corporate governance; practice theory; regulation; certainty; severity; regulatory habitus
Copyright Information: © 2021 University of South Australia. AAM (CC BY-NC) license after 18 month embargo.
Date Deposited: 21 Dec 2021 02:19
FoR Codes: 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3501 Accounting, auditing and accountability > 350101 Accounting theory and standards @ 50%
35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3501 Accounting, auditing and accountability > 350199 Accounting, auditing and accountability not elsewhere classified @ 50%
SEO Codes: 13 CULTURE AND SOCIETY > 1303 Ethics > 130302 Business ethics @ 50%
13 CULTURE AND SOCIETY > 1303 Ethics > 130304 Social ethics @ 50%
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