1,418
Views
5
CrossRef citations to date
0
Altmetric
Articles

Reflexive deliberations of family directors on corporate board reforms: publicly listed family firms in an emerging economy

ORCID Icon &
Pages 170-200 | Received 11 Jun 2022, Accepted 16 Jun 2022, Published online: 04 Jul 2022

References

  • ADB. (2013). Bangladesh’s efforts on capital market reforms. Asian Development Bank.
  • ADB. (2016). Capital market development in Bangladesh: A sector reform perspective. Asian Development Bank.
  • Aguilera, R. V., & Crespí-Cladera, R. (2016). Global corporate governance: On the relevance of firms’ ownership structure. Journal of World Business, 51(1), 50–57. https://doi.org/10.1016/j.jwb.2015.10.003
  • Ahmed, S., & Uddin, S. (2018). Toward a political economy of corporate governance change and stability in family business groups: A morphogenetic approach. Accounting, Auditing & Accountability Journal, 31(8), 2192–2217. https://doi.org/10.1108/AAAJ-01-2017-2833
  • Archer, M. S. (1995). Realist social theory: The morphogenetic approach. Cambridge University Press.
  • Archer, M. S. (2003). Structure, agency and the internal conversation: The morphogenetic approach. Cambridge University Press.
  • Bertaux, D. (1981). Biography and society: The life history approach in the social sciences. Sage Publications.
  • Braun, V., & Clarke, V. (2013). Successful qualitative research: A practical guide for beginners. Sage.
  • BSEC. (2012). Corporate governance guidelines. Bangladesh Securities and Exchange Commission.
  • Caetano, A. (2015b). Personal reflexivity and biography: Methodological challenges and strategies. International Journal of Social Research Methodology, 18(2), 227–242. https://doi.org/10.1080/13645579.2014.885154
  • Chua, J. H., Chrisman, J. J., Steier, L. P., & Rau, S. B. (2012). Sources of heterogeneity in family firms: An introduction. Entrepreneurship Theory and Practice, 36(6), 1103–1113. https://doi.org/10.1111/j.1540-6520.2012.00540.x
  • Federo, R., Ponomareva, Y., Aguilera, R. V., Saz-Carranza, A., & Losada, C. (2020). Bringing owners back on board: A review of the role of ownership type in board governance. Corporate Governance: An International Review, 28(6), 748–371. https://doi.org/10.1111/corg.12346
  • Gómez-Mejía, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socio-emotional wealth preservation in family firms. Academy of Management Annals, 5(1), 653–707. https://doi.org/10.5465/19416520.2011.593320
  • Hassan, M. (2019). Loan scams, soaring non-performing loans, bank owners increasing clout hurt banking sector. Dhaka Tribune.
  • Hsu, H., Shou-Min, T., & Che-Hung, L. (2021). Family ownership, family identity of CEO, and accounting conservatism: evidence from Taiwan. Accounting Forum. https://doi.org/10.1080/01559982.2021.1957542
  • Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
  • Kabbach de Castro, L. R., Aguilera, R. V., & Crespí-Cladera, R. (2017). Family firms and compliance: Reconciling the conflicting predictions within the socio-emotional wealth perspective. Family Business Review, 30(2), 137–159. https://doi.org/10.1177/0894486516685239
  • Lien, Y., Teng, C., & Li, S. (2016). Institutional reforms and the effects of family control on corporate governance. Family Business Review, 29(2), 174–188. https://doi.org/10.1177/0894486515609202
  • Lubatkin, M. H., Schulze, W. S., Ling, Y., & Dino, R. N. (2005). The effects of parental altruism on the governance of family-managed firms. Journal of Organizational Behaviour, 26(3), 313–330. https://doi.org/10.1002/job.307
  • Martin, G., Campbell, J. T., & Gomez-Mejia, L. (2014). Family control, socioemotional wealth and earnings management in publicly traded firms. Journal of Business Ethics, 133(3), 1–17. https://doi.org/10.1007/s10551-014-2403-5
  • Mohamad-Yusof, N. Z., Wickramasinghe, D., & Zaman, M. (2018). Corporate governance, critical junctures and ethnic politics: Ownership and boards in Malaysia. Critical Perspectives on Accounting, 55(2), 33–52. https://doi.org/10.1016/j.cpa.2017.12.006
  • Mutch, A. (2007). Reflexivity and the institutional entrepreneur: A historical exploration. Organization Studies, 28(7), 1123–1140. https://doi.org/10.1177/0170840607078118
  • Nahid, F., Gomez, E. T., & Yacob, S. (2019). Entrepreneurship, state–business ties and business groups in Bangladesh. Journal of South Asian Development, 14(3), 367–390. https://doi.org/10.1177/0973174119895181
  • Nakpodia, F., Adegbite, E., & Ashiru, F. (2021). Corporate governance regulation: a practice theory perspective. Accounting Forum. https://doi.org/10.1080/01559982.2021.1995934
  • Papanek, G. F. (1967). Pakistan’s development, social goals and private incentives. Harvard University Press.
  • Ritchie, J., Lewis, J., Nicholls, C. M., & Ormston, R. (2013). Qualitative research practice: A guide for social Science students and researchers. Sage.
  • Siebels, J.-F., & zu Knyphausen-Aufseß, D. (2012). A review of theory in family business research: The implications for corporate governance. International Journal of Management Reviews, 14(3), 280–304. https://doi.org/10.1111/j.1468-2370.2011.00317.x
  • Sobhan, A. (2016). Where institutional logics of corporate governance collide: Overstatement of compliance in a developing country, Bangladesh. Corporate Governance: An International Review, 24(6), 599–618. https://doi.org/10.1111/corg.12163
  • Sobhan, F., & Werner, W. (2003). Comparative analysis of corporate governance in South Asia: Charting a roadmap for Bangladesh. Bangladesh Enterprise Institute.
  • Soleimanof, S., Rutherford, M. W., & Webb, J. W. (2018). The intersection of family firms and institutional contexts: A review and agenda for future research. Family Business Review, 31(1), 32–53. https://doi.org/10.1177/0894486517736446
  • Tremblay, M.-S., & Gendron, Y. (2011). Governance prescriptions under trial: On the interplay between the logics of resistance and compliance in audit committees. Critical Perspectives on Accounting, 22(3), 259–272. https://doi.org/10.1016/j.cpa.2010.10.003
  • Uddin, S., & Choudhury, J. (2008). Rationality, traditionalism and the state of corporate governance mechanisms. Accounting, Auditing & Accountability Journal, 21(7), 1026–1051. https://doi.org/10.1108/09513570810907465
  • Uddin, S., & Hopper, T. (2003). Accounting for privatisation in Bangladesh: Testing World Bank claims. Critical Perspectives Accounting, 14(7), 739–774. https://doi.org/10.1016/S1045-2354(02)00188-0
  • Uddin, S. N., Jayasinghe, K., & Ahmed, S. (2017). Scandals from an Island: Testing Anglo-American corporate governance frameworks. Critical Perspectives on International Business, 13(4), 349–370. https://doi.org/10.1108/cpoib-09-2016-0036
  • Uddin, S., Siddiqui, J., & Islam, M. A. (2016). Corporate social responsibility disclosures, traditionalism and politics: A story from a traditional setting. Journal of Business Ethics, 151(2), 409–428. https://doi.org/10.1007/s10551-016-3214-7
  • World Bank. (2009). Bangladesh: Corporate governance country assessment – report on the observance of standards and codes (ROSC).
  • Yildirim-Öktem, Ö, & Üsdiken, B. (2010). Contingencies versus external pressure: Professionalization in boards of firms affiliated to family business groups in late-industrializing countries. British Journal of Management, 21(1), 115–130. https://doi.org/10.1111/j.1467-8551.2009.00663.x
  • Yoshikawa, T., Tsui-Auch, L. S., & McGuire, J. (2007). Corporate governance reform as institutional innovation: The case of Japan. Organization Science, 18(6), 973–988. https://doi.org/10.1287/orsc.1070.0290
  • Young, M. N., Peng, M., Ahlstrom, D., Bruton, G. D., & Jiang, Y. (2008). Corporate governance in emerging economies: A review of the principal–principal perspective. Journal of Management Studies, 45(1), 196–220. https://doi.org/10.1111/j.1467-6486.2007.00752.x
  • Yusuf, F., Yousaf, A., & Saeed, A. (2018). Rethinking agency theory in developing countries: A case study of Pakistan. Accounting Forum, 42(4), 281–292. https://doi.org/10.1016/j.accfor.2018.10.002