Contextualizing Global Corporate Governance Reforms in a Developing Institutional Context

Bibliographic Data

ID21737552
AuthorsOlabisi Daodu (0000-0002-4535-8765, De Montfort University, corresponding author), Emmanuel Adegbite (0000-0002-7370-2818, University of Nottingham)
Year2026
Pages1-21
Publication date2026-06-10
Open AccessYes
TypeARTICLE
VenueJournal of African Business (JOURNAL)
Journal identifiersISSN: 1522-8916 • E-ISSN: 1522-9076
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/15228916.2026.2650878
OpenAlexW7164136378
LanguageEN
References cited55

This study examines how the institutional context of companies influences their approach to global corporate governance reforms and the implications for convergence in governance practices. Using institutional theory, this study investigates corporate governance regulations and the implementation of global reforms within Nigeria’s developing institutional context, employing interviews and documentary analysis. The findings indicate that, due to existing institutional voids, corporate governance regulations in Nigeria do not follow a centralized hierarchy that supports self-regulation. Instead, a mandatory approach through key economic sectors seems to be the only practical way to implement universal best practices. Consequently, corporate governance reforms in Nigeria are diverse, aligning with the main priorities of each key sector. Overall, this study argues that institutional voids in developing countries lead to differing approaches to global reforms, which may ultimately hinder the convergence of corporate governance practices

Corporate governance · Developing country · Global governance · Business Law and Ethics · Corporate Finance and Governance · Corporate Law and Human Rights

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