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

Edited book (chapter)

Rashid, Afzalur. 2011. "Corporate governance in Bangladesh: a quest for the accountability or legitimacy crisis?" Devi, S. Susela and Hooper, Keith (ed.) Accounting in Asia. United Kingdom. Emerald. pp. 1-34
Chapter Title

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

Book Chapter CategoryEdited book (chapter)
ERA Publisher ID5694
Book TitleAccounting in Asia
Authors
AuthorRashid, Afzalur
EditorsDevi, S. Susela and Hooper, Keith
Volume11
Page Range1-34
SeriesResearch in Accounting in Emerging Economies
Chapter Number1
Number of Pages34
Year2011
PublisherEmerald
Place of PublicationUnited Kingdom
ISBN9781780524443
9781780524450
ISSN1479-3563
Digital Object Identifier (DOI)https://doi.org/10.1108/S1479-3563(2011)0000011006
Web Address (URL)https://www.emerald.com/insight/content/doi/10.1108/S1479-3563(2011)0000011006/full/html
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.

KeywordsAsia; Bangladesh; compliance; corporate governance; culture; new institutional sociology
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020500102. Business ethics
350799. Strategy, management and organisational behaviour not elsewhere classified
350102. Auditing and accountability
Public Notes

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Byline AffiliationsSchool of Accounting, Economics and Finance
Journal TitleResearch in Accounting in Emerging Economies
Institution of OriginUniversity of Southern Queensland
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