preloader

Article DetailsArticle Details

ETHNICITY AND CORPORATE GOVERNANCE PERFORMANCE IN NIGERIA: Problems And Prospects

ETHNICITY AND CORPORATE GOVERNANCE PERFORMANCE IN NIGERIA: Problems And Prospects

DATE PUBLISHED
Published June 21, 2015
SECTION
Articles

Author Details

Abstract

A lot has been written and discussed about ethnicity and the dangers it portends on the socioeconomic development of any country vis-à-vis Nigeria. These salient scholarly contributions have been on either its effects on the public or civil service as attention to that of Corporate Governance is virtually none existent. This paper therefore examined the effects of ethnicity on the Corporate Governance in Nigeria. It anchors on the Upper Echelon’s Theory and consequently,
revealed that corporate governance is relatively a new concept that emanated from the modern economists. The argument as was discovered, was that, ethnicity actually influences the performance of corporate governance in Nigeria but the underlying question is, - to what extent? We therefore, appraised the nexus between the variables and recommended amongst others; - that organizations should ensure that ethnic consideration is emphasized in board memberships of corporate institutions in Nigeria (i.e., comprising the major ethnic groups in Nigeria).

Keywords

Ethnicity, Corporate Governance.

References

Abner, C. (1974) Introduction: The Lesson of

Ethnicity in Urban Ethnicity, (eds) London,

Tavistock Publications.

Aoki, M. (2001) Towards A Comparative

Institutional Analysis, Cambridge, MA: MIT

Press.

Barth, F (1969) Introduction in Ethnic and

Boundaries, (eds), Boston, Little Brown

Publishers

Beasley, M. S. (1996) “An Empirical Analysis Of

The Relation Between The Board Of Director

Composition And Financial Statement Fraud”

,Accounting Review, 71(10), 443-465

Cohen, A (1969) Custom and Politics in Urban

African, London, Routledge and Kegan Paul

Publishers.

Coles, J.W et al (2001) “An Examination of the

Relationship of Governance Mechanisms to

Performance” Journal of Management Teams, 27,

-50.

Carson, C.M et al (2004) “Performance Gains

through Diverse Top Management Teams”,

Journal of Team Performance Management,10,

-126

Certo,S.T et al (2006) “Top Management Teams

Strategy and Financial Performance: A Meta-

Analytic

Examination”, Journal of Management

Studies, 43, 813-839

Cox, T (2010), Creating the Multicultural

Organization, A Strategy for Capturing the Power

of Diversity, US: Jossey-Bass.

Cadbury, A (1999) “What Are The Trends In

Corporate Governance? How Will They Impact

Your Company?” Long Range Planning. 32(1):

-19

Groenewegan, J.(2004) “Who Should Control The

Firm? Insights From New And Original

Institutional Economics”. Journal of

Economic Issues. 38(2): 353-361.

Gerald, B. (1972) Race, Cast, and Other Invidious

Distinctions in Social Stratification:

Comparative and Developmental

Approaches, New York, Academic Press.

Hambrick, D.C & mason, P.A (1984) “Upper

Echelons: the Organization as a Reflection of its

Top Managers” Academy of Management

Review, 9,193-206.

Hutchinson, J & Anthony, D. (1996) Introduction

in Ethnicity (eds), New York, Oxford University

Press.

Duruji.M.M. (2009), “Social Inequity Democratic

Transition and the Igbo nationalism resurgence

in Nigeria” , African Journal of Political

Science and International Relations Vol.

(1) February, 2009. Avalaible online at

http://www.academicjournals.org/AJPSIR

Dechow, P.M., Sloan, R.G., & Sweeney, A.P.

(1996) “Causes And Consequences Of Earnings

Manipulation: Ananalysis Of Firms

Subject To Enforcement Actions by the

SEC”, Contemporary Accounting

Research, 13(1), 1-36

Deeg, R. S. Perez (2000) “International Capital

Mobility And Domestic Institutions: Corporate

Finance And Governance In Europe”

Journal of Governance, 13(2): 119-152.

Erchardt, N.L et al (2003) Board Of Director

Diversity And Firm Financial Performance.

Corporate Governance, 11, 102-111

Ikelegbe, A.O (2004) “Crisis of Resistance, Youth

Militias, Crime and Violence in the Niger

Delta Region of Nigeria”, Paper presented

at the African Studies Centre Seminar,

Netherlands, August 5, 2004.

International Federation of Accountants – IFAC.

(2010). IFAC Comment Letter: Transparency of

Firms

that Audit Public Companies: Consultation

Report, [Online] Available:

http://web.ifac.org/publications/ifacpolicy-

position-papers-reports-andcomment-

letters/comment-letters#ifaccomment-

letter-transp on 29/01/2010

Jones, S. (1997) The Archaeology of Ethnicity:

Constructing Identities in the Past and Present.

Routledge Press, London and New York.

Mbaku. J.P & Kimenyi. M (2001), Ethnicity And

Governance In The Third World, Aldershot, Ash

gate Publishers.

McConomy, B., & Bujaki, M. (2000) “Corporate

Governance: Enhancing Shareholder Value”.

CMA Management, 74(8), 10-13

McMullen D.A. (1996) “Audit Committee

Performance: An Investigation Of The

Consequences

Associated With Audit Committees”.

Auditing: A Journal of Practice & Theory, 15(1),

–103

Nagel, J (1995) “Resource Competition Theories

in American”, Behavioural Scientist Vol.

(3)(1995).

Obioha, E. (1999), “Ethnic Conflicts and the

Problem of Resolution in Contemporary Africa; A

Case for African Options and Alternatives,

in Anthropology of Africa and the

Challenges of the Third Millennium-

Ethnicity and Ethnic Conflicts”,

PAAA/APA, Most Ethno-Net

Publications, 1999.

Organization for Economic Cooperation &

Development (OECD, 2006). URL:

www.oecd.org.

Omoye, S. & Eriki.P (2013) “Diversity in Board

Ethnicity and Firm Performance: An

Empirical Investigation of Selected

Quoted Firms in Nigeria”, African Journal

of Social Sciences Vol. 3. No. 4, 35-45.

Pfeffer, J.,& Salancik,G.R (1978) The External

Control of Organizations: A Resource

Dependence Perspective, New York,

Harper & Row Publishers.

Rhode, D & Packel, A. (2010), “Diversity on

Corporate Boards: How Much Difference Does

Diference Make?. Rock Center for

Corporate Governance at Stanford

University Working Paper” No. 89.Available at

SSRN:http://ssrn.com/abstract=1685615.

Roberson, Q.M & Park, H.J (2007) “Examining

the Link Between Diversity and Firm

Performance: The

Effects of Diversity Reputation and Leader

Racial Diversity”. Group & Organization

Management, 32,548-568.

Shleifer & Vishny (1997) “Top Management

Demography And Corporate Strategic

Change”. Academy of Management

Journal, 35:91-121

Timothy, B. (2004) Defining Ethnicity, Missouri,

St. Louis Press

Turnbull, S. (1997). “Corporate Governance: Its

Scope, Concerns And Theories”. Corporate

Governance: An International Review.

(4) 180-206.

Watson, E.K & Michaelsen.L (1993) “Cultural

Diversity’s Impact on Interaction Process and

Performance: Comparing Homogeneity

and Diverse Task Groups”. Academy of

Mangement Journal, 36,590-603.

Williams, K.Y., O’Reilly C.A.(1998)

“Demography And Diversity In Organizations: A

Review Of 40 Years Of Research” in

Research Organizational Behavior, vol. 20,

B.Staw. , R .Sutton,. (eds), JAI Press:

Greenwich, CT. 182-203.

Witherell, W. 2000. Corporate Governance: A

Basic Foundation For Global Economy, OECD

Observer. 221/222: 24-28.

Subscribe
to our newsletter

Subscribe
to our newsletter