Institutional shareholder activism in Nigeria: an accountability perspective

Emmanuel Adegbite, Mike Jones, Chinyere Uche

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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 Nigerian shareholders’ associations in shareholder activism. 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.
Original languageEnglish
Pages (from-to)78-88
JournalAccounting Forum
Issue number2
Early online date30 Mar 2016
Publication statusPublished - Jun 2016


  • Accountability theory
  • Agency theory
  • Institutional shareholders
  • Nigeria
  • Shareholder activism
  • Shareholders’ associations


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