Institutional shareholder activism in Nigeria: An accountability perspective

Date
2016-03-30
Authors
Uche, C.
Adegbite, E.
Jones, M.
Journal Title
Journal ISSN
ISSN
Volume Title
Publisher
Elsevier
Peer reviewed
Yes
Abstract
Research has identified institutional shareholders and shareholders’ associations as separate groups that are able to interact and promote accountability through shareholder activism. This study employs a qualitative methodology to critically evaluate how institutional shareholders perceive the participation of shareholders’ associations in shareholder activism. Exploring the Nigerian context, we examine three features of accountability that are vital in shareholder activism; dialectical activity, independence and agenda. We contribute to the accountability literature by showing how these three features shape institutional shareholders’ perception of shareholders’ associations as shareholder activists. Our findings show distinct differences between the views of representatives from active and passive institutional shareholders.
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
accountability theory, agency theory, institutional shareholders, Nigeria, shareholder activism, shareholders’ associations
Citation
Uche, C., Adegbite, E. and Jones, M. (2016) Institutional shareholder activism in Nigeria: An accountability perspective. Accounting Forum, 40 (2), pp. 78-88
Research Institute