Professor Emmanuel Adegbite

Bio

Since July 2016, Emmanuel Adegbite has been serving as Professor of Accounting, Governance and Responsibility as well as the Head of Accounting & Finance Department at DMU. He previously held senior academic positions at the University of Birmingham and at Durham University. His research on corporate accountability has been published in leading peer-reviewed academic journals including the Journal of Management Studies; Journal of World Business; Accounting Forum; Journal of Business Research; Journal of Business Ethics; and International Business Review. His works have appeared in books published by Routledge Press, Palgrave MacMillan and Cambridge University Press. He received an award for Excellence in Research in 2014 at Durham University. He was awarded the ‘Celebrated Nigerian Award UK’ for his contributions to education in September 2016. In December 2016, he received from the European International Business Academy - the ‘International Business Review Best Journal Paper of the Year Award’. In April 2017, he was nominated for the Vice Chancellor’s OSCAR Award for his Outstanding Contribution to Research Excellence at De Montfort University. His research, in collaboration with others, has secured close to £500,000 in funding. His research has been featured in the media, including the Financial Times and World Finance. Emmanuel has a Visiting

Professorship in Corporate Social Responsibility at the Toulouse Business School, France.

"Achieving Profit and Social Good through Corporate Social Responsibility"

Abstract: One of the major criticisms of shareholder primacy relates to its ability to create enormous negative corporate externalities (i.e. third party costs) and the inability of the State and the market to completely curtail the excesses of firms, mainly due to information asymmetry. This creates a governance challenge. Drawing insights from a case study of Fidelity Bank, Nigeria, this paper problematises Corporate Social Responsibility (CSR) as a form of self-regulation – a perspective which is often marginalised in the literature and in practice – and explores how it can simultaneously enable firms to recognise and internalise their externalities, while preserving shareholder value. In particular, it presents a governance model which allows managers to focus on their single objective of shareholder value without the challenges of pursuing multiple and sometimes conflicting objectives, albeit without creating negative impacts to non-shareholding stakeholders. It further presents some implications for corporate governance, strategy, and regulation.