Value relevance of multinational directorship and cross-listing on MNEs national governance disclosure practices in Sub-Saharan Africa: Evidence from Nigeria

Geofry Areneke, Danson Kimani

Research output: Contribution to specialist publication types ArticleResearch

Abstract

We draw on institutional isomorphism literature to develop a conceptual framework which uncovers how emerging market MNEs manage institutional tensions and complexity in corporate governance (CG) regulations within and across economic environments. Using a sample of 400 firm-year observations (2011–2015) from Nigeria, we show foreign directorship and cross-listing as significant avenues for governance isomorphism. MNEs employ these mechanisms to manage and reconcile foreign and Nigerian CG regulations whilst overcoming institutional weaknesses at home. Specifically, governance isomorphism leads to improvement of home country CG disclosures practices because of associated linkages with international CG systems through cross-listing and employment of multinational directors.
Original languageEnglish
Specialist publicationJournal of World Business
PublisherElsevier Inc.
DOIs
Publication statusPublished - 28 Oct 2018

Fingerprint

Value relevance
Cross-listing
Multinationals
Sub-Saharan Africa
Multinational enterprises
Nigeria
Isomorphism
Corporate governance
Disclosure
Governance
Emerging markets
Conceptual framework
Linkage
Home country
Economic environment
International corporate governance

Keywords

  • Corporate governance disclosure
  • Cross listing (bonding)
  • Emerging markets
  • Governance isomorphism
  • Institutional isomorphism
  • Multinational directorship
  • National governance
  • Nigeria

Cite this

@misc{7f25c0a31d1c443f82892c0b81ddee78,
title = "Value relevance of multinational directorship and cross-listing on MNEs national governance disclosure practices in Sub-Saharan Africa: Evidence from Nigeria",
abstract = "We draw on institutional isomorphism literature to develop a conceptual framework which uncovers how emerging market MNEs manage institutional tensions and complexity in corporate governance (CG) regulations within and across economic environments. Using a sample of 400 firm-year observations (2011–2015) from Nigeria, we show foreign directorship and cross-listing as significant avenues for governance isomorphism. MNEs employ these mechanisms to manage and reconcile foreign and Nigerian CG regulations whilst overcoming institutional weaknesses at home. Specifically, governance isomorphism leads to improvement of home country CG disclosures practices because of associated linkages with international CG systems through cross-listing and employment of multinational directors.",
keywords = "Corporate governance disclosure, Cross listing (bonding), Emerging markets, Governance isomorphism, Institutional isomorphism, Multinational directorship, National governance, Nigeria",
author = "Geofry Areneke and Danson Kimani",
year = "2018",
month = "10",
day = "28",
doi = "10.1016/j.jwb.2018.10.003",
language = "English",
journal = "Journal of World Business",
issn = "1090-9516",
publisher = "Elsevier Inc.",
address = "United States",

}

Value relevance of multinational directorship and cross-listing on MNEs national governance disclosure practices in Sub-Saharan Africa: Evidence from Nigeria. / Areneke, Geofry; Kimani, Danson.

In: Journal of World Business, 28.10.2018.

Research output: Contribution to specialist publication types ArticleResearch

TY - GEN

T1 - Value relevance of multinational directorship and cross-listing on MNEs national governance disclosure practices in Sub-Saharan Africa: Evidence from Nigeria

AU - Areneke, Geofry

AU - Kimani, Danson

PY - 2018/10/28

Y1 - 2018/10/28

N2 - We draw on institutional isomorphism literature to develop a conceptual framework which uncovers how emerging market MNEs manage institutional tensions and complexity in corporate governance (CG) regulations within and across economic environments. Using a sample of 400 firm-year observations (2011–2015) from Nigeria, we show foreign directorship and cross-listing as significant avenues for governance isomorphism. MNEs employ these mechanisms to manage and reconcile foreign and Nigerian CG regulations whilst overcoming institutional weaknesses at home. Specifically, governance isomorphism leads to improvement of home country CG disclosures practices because of associated linkages with international CG systems through cross-listing and employment of multinational directors.

AB - We draw on institutional isomorphism literature to develop a conceptual framework which uncovers how emerging market MNEs manage institutional tensions and complexity in corporate governance (CG) regulations within and across economic environments. Using a sample of 400 firm-year observations (2011–2015) from Nigeria, we show foreign directorship and cross-listing as significant avenues for governance isomorphism. MNEs employ these mechanisms to manage and reconcile foreign and Nigerian CG regulations whilst overcoming institutional weaknesses at home. Specifically, governance isomorphism leads to improvement of home country CG disclosures practices because of associated linkages with international CG systems through cross-listing and employment of multinational directors.

KW - Corporate governance disclosure

KW - Cross listing (bonding)

KW - Emerging markets

KW - Governance isomorphism

KW - Institutional isomorphism

KW - Multinational directorship

KW - National governance

KW - Nigeria

UR - http://www.mendeley.com/research/value-relevance-multinational-directorship-crosslisting-mnes-national-governance-disclosure-practice

U2 - 10.1016/j.jwb.2018.10.003

DO - 10.1016/j.jwb.2018.10.003

M3 - Article

JO - Journal of World Business

JF - Journal of World Business

SN - 1090-9516

PB - Elsevier Inc.

ER -