The Politics of Shareholder Activism in Nigeria

Emmanuel Adegbite*, Kenneth Amaeshi, Olufemi Amao

*Corresponding author for this work

Research output: Contribution to journalArticle


Shareholder activism has become a force for good in the extant corporate governance literature. In this article, we present a case study of Nigeria to show how shareholder activism, as a corporate governance mechanism, can constitute a space for unhealthy politics and turbulent politicking, which is a reflection of the country's brand of politics. As a result, we point out some translational challenges, and suggest more caution, in the diffusion of corporate governance practices across different institutional environments. We contribute to the literature on corporate governance in Africa, whilst creating an understanding of the political embeddedness of shareholder activism in different institutional contexts-i.e. a step closer to a political theorising of shareholder activism.

Original languageEnglish
Pages (from-to)389-402
Number of pages14
JournalJournal of Business Ethics
Issue number3
Early online date26 Jul 2011
Publication statusPublished - Feb 2012


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