HCBE Faculty Articles
Title
An Institutional and Architecture Based View of Corruption in Nigeria: An Analysis of a Developing Economy’s Formal and Informal Structures
Document Type
Article
Publication Date
1-1-2013
Publication Title
Journal of Business Studies Quarterly
ISSN or ISBN
2152-1034
Volume
4
Issue/Number
4
First Page
230
Last Page
239
Abstract/Excerpt
Corruption in Nigeria has been well documented. However, the basis for the corruption has not yet been fully explored. Some studies have approached corruption in Nigeria from a judiciary, executive, labor, and law enforcement perspective. This paper attempts to use an institutional and architectural perspective to glean into the nature and consequences of corruption in Nigeria. Despite its vast natural resources, the average Nigerian has not benefited from these resources due to the high level of greed and mismanagement allowed under the current market-based capitalism, which still lacks the requisite regulation. It is hoped that other developing economies with abundant natural resources, as is the case in Nigeria, using the matrix provided in this paper, can study the nature of the formal and informal institutions that exist within their boundaries.
NSUWorks Citation
Ikwukananne, I. I. and Mujtaba, Bahaudin, "An Institutional and Architecture Based View of Corruption in Nigeria: An Analysis of a Developing Economy’s Formal and Informal Structures" (2013). HCBE Faculty Articles. 340.
https://nsuworks.nova.edu/hcbe_facarticles/340
