Corporate governance in Bangladesh: a quest for the accountability or legitimacy crisis?

Rashid, Afzalur (2011) Corporate governance in Bangladesh: a quest for the accountability or legitimacy crisis? In: Accounting in Asia. Research in Accounting in Emerging Economies (11). Emerald Group Publishing Limited, Bingley, United Kingdom, pp. 1-34. ISBN 978-1-78052-444-3

Abstract

Purpose - This study aims at presenting an overview, development and process of current corporate governance practices in Bangladesh. Design/Methodology/Approach - Based on new institutional sociology (NIS) as theoretical framework and by using archival data, this study highlights the roles of key institutional forces in reinforcing the existing corporate governance practices in Bangladesh. Findings - This study noted that corporate governance practices in Bangladesh are still infancy. While Bangladesh is trying to adopt many international corporate governance best practices for institutional legitimacy, the weak institutional enforcement regime along with the absence of effective check and balance poses serious challenges to the firm level good corporate governance practices in Bangladesh. The absence of isomorphic pressures to regulate the firms leads to many incidences of non-compliance. Practical Implications - This study takes part in the global debate if corporate governance in emerging economy is a reality or illusion. Originality/ Value – This study seeks to contribute to the increasing literature by recognizing the interest of readers, academics, practitioners and regulators to gain more insight and understanding of corporate governance practices in an emerging economy, such as Bangladesh.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: © 2011 by Emerald Group Publishing Limited. Permanent restricted access to published version due to publisher copyright policy. Print copy held in the USQ Library at call no. 657.091724 Acc.
Depositing User: Dr Afzalur Rashid
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 26 Jan 2012 06:21
Last Modified: 20 Feb 2015 04:35
Uncontrolled Keywords: Asia; Bangladesh; compliance; corporate governance; culture; new institutional sociology
Fields of Research (FOR2008): 22 Philosophy and Religious Studies > 2201 Applied Ethics > 220102 Business Ethics
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150102 Auditing and Accountability
Socio-Economic Objective (SEO2008): E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
Identification Number or DOI: 10.1108/S1479-3563(2011)0000011006
URI: http://eprints.usq.edu.au/id/eprint/20574

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