Environmental Factors Influencing Corporate Governance

With the enthronement of democratic governance in Nigeria, there isthe expectation that democracy would strengthen political institutions, regulatoryinstitutions, and governance effectively, and by so doing, create an enablingenvironment for good corporate governance practices to thrive. This research uses datafrom World Bank Governance indicators for three countries, Nigeria, South Africa, andEgypt, and examines how institutional quality has changed from 1996 to 2012. Theresearch methodology used in investigating this research is a cross-country researchanalysis. The findings of this research reveal that the adoption of democraticinstitutions has not significantly increased the institutional quality of political andregulatory institutions in Nigeria. On the contrary, there has been an increasing trendof political instability and violence; however, there appears to be significantimprovement in freedom of the press, democracy has allowed pressed freedom tothrive