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Corporate governance and postcolonialism: the experience of Sri Lanka

Journal Article


Abstract


  • Abstract: This paper explores the perceived adequacy of Anglo-American

    corporate governance reforms in an emerging market. Using a perception

    survey of Sri Lanka’s corporate governance stakeholders, 277 questionnaire

    survey responses from five stakeholder groups in Sri Lanka are used in factor

    and regression analyses. This empirical study finds that adoption of best

    practice Anglo-American policies and regulations do not result in the

    perception of good corporate governance by stakeholders. The application of

    postcolonial theory offers an insight into this discrepancy. Current technical

    modes of investigation only replicate the modernity narrative. Policy setters

    and regulators should consider corporate governance as a cultural practice as

    well as a technical practice, to better serve stakeholder perceptions. This study

    introduces postcolonial theory as a means of cultural evaluation of corporate

    governance practices.

UOW Authors


  •   Manawaduge, Athula S. (external author)
  •   De Zoysa, Anura
  •   Rudkin, Kathy M. (external author)

Publication Date


  • 2018

Citation


  • Manawaduge, A. S., De Zoysa, A. & Rudkin, K. (2018). Corporate governance and postcolonialism: the experience of Sri Lanka. International Journal of Corporate Governance, 9 (2), 127-148.

Number Of Pages


  • 21

Start Page


  • 127

End Page


  • 148

Volume


  • 9

Issue


  • 2

Place Of Publication


  • United Kingdom

Abstract


  • Abstract: This paper explores the perceived adequacy of Anglo-American

    corporate governance reforms in an emerging market. Using a perception

    survey of Sri Lanka’s corporate governance stakeholders, 277 questionnaire

    survey responses from five stakeholder groups in Sri Lanka are used in factor

    and regression analyses. This empirical study finds that adoption of best

    practice Anglo-American policies and regulations do not result in the

    perception of good corporate governance by stakeholders. The application of

    postcolonial theory offers an insight into this discrepancy. Current technical

    modes of investigation only replicate the modernity narrative. Policy setters

    and regulators should consider corporate governance as a cultural practice as

    well as a technical practice, to better serve stakeholder perceptions. This study

    introduces postcolonial theory as a means of cultural evaluation of corporate

    governance practices.

UOW Authors


  •   Manawaduge, Athula S. (external author)
  •   De Zoysa, Anura
  •   Rudkin, Kathy M. (external author)

Publication Date


  • 2018

Citation


  • Manawaduge, A. S., De Zoysa, A. & Rudkin, K. (2018). Corporate governance and postcolonialism: the experience of Sri Lanka. International Journal of Corporate Governance, 9 (2), 127-148.

Number Of Pages


  • 21

Start Page


  • 127

End Page


  • 148

Volume


  • 9

Issue


  • 2

Place Of Publication


  • United Kingdom