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Rationality, traditionalism and the state of corporate governance mechanisms: Illustrations from a less-developed country

Uddin, S and Choudhury, J (2008) 'Rationality, traditionalism and the state of corporate governance mechanisms: Illustrations from a less-developed country.' Accounting, Auditing and Accountability Journal, 21 (7). 1026 - 1051. ISSN 0951-3574

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Abstract

Purpose - The purpose of this paper is to provide an account of corporate governance practices in Bangladesh. This paper demonstrates that the traditionalist culture mediates the rationalist/legalist framework of corporate governance in Bangladesh. Design/methodology/approach - A series of semi-structured interviews were conducted. Observations and the personal working experience of one of the researchers, along with documentation, provided rich sources of information for the paper. Findings - The findings show that families have a dominant presence in all aspects of corporate governance. Boards of directors in companies play a significant part in serving the interests of families rather than those of general shareholders. Research limitations/implications - This study focuses on corporate governance practices in a traditional setting and shows how traditional culture and values are in conflict with the rational ideas imported from a different setting. Originality/value - The paper adds to the literature on corporate governance, especially in the context of less-developed countries. It will be of great value to researchers and practitioners seeking to gain a better understanding of corporate governance frameworks in various settings. © Emerald Group Publishing Limited.

Item Type: Article
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Jim Jamieson
Date Deposited: 17 Dec 2012 13:46
Last Modified: 05 Feb 2019 11:16
URI: http://repository.essex.ac.uk/id/eprint/4745

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