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, 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. Paper type- General Review


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Chapter 1. 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: 08 Sep 2014 06:05
Uncontrolled Keywords: Asia, Bangladesh, compliance, corporate governance, culture, new institutional sociology
Fields of Research (FOR2008): 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
Socio-Economic Objective (SEO2008): E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
Identification Number or DOI: doi: 10.1108/S1479-3563(2011)0000011006
URI: http://eprints.usq.edu.au/id/eprint/20574

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