Consequences of Promoting the Corporate Governance Sectarian Essence in Adherence to Shareholders' Rights: The Application of Phenomenological and Ethnographic Process

Eslami Mehr, Abolfazl; Borhani, Seyed Abbas; Safa, Mojgan; Gholami Jamkarani, Reza

doi:10.22103/jak.2024.23038.4019

Consequences of Promoting the Corporate Governance Sectarian Essence in Adherence to Shareholders' Rights: The Application of Phenomenological and Ethnographic Process

Document Type : Research Paper

Authors

Abolfazl Eslami Mehr

Seyed Abbas Borhani

Mojgan Safa

Reza Gholami Jamkarani

Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran.

10.22103/jak.2024.23038.4019

Abstract

Objective: Contrary to its nature in social structures, the organizational cult is defined as a kind of possessiveness of a group of power holders who manage the company's functions in line with their interests by confiscating the organizational structures. One of these functions, which under the influence of the promotion of structural sectarianism, creates the basis for violating the rights of others, is the function of corporate governance. This study aims to examine the consequences of promoting corporate governance's sectarian essence in adherence to shareholders' rights.
Method: In this study, through the combination of two bases, ethnography and phenomenology, it was tried to identify the dimensions of the matrix of strategic reference points to determine the path of the interview in the first place by systematically reviewing the theoretical bases. Then, interviews were conducted to identify the negative consequences of promoting the essence of sectarianism in corporate governance in adhering to the rights of shareholders, following Atkinson's (2007) model. Then, to explain the clusters in the framework of the study, the validation and reliability of the identified dimensions were done so that finally, in the last part of the study, according to the clusters placed in the matrix of strategic reference points, the matrix ranking process is used, based on the pairwise comparison of each of the clusters. Taken in row "i" and column "j", the most negative consequences of promoting corporate governance sectarian in terms of respecting the rights of shareholders should be identified.
Results: The results in the first phase of the research, based on the two axes of discrimination and structural powerism in the matrix of strategic reference points, indicate the identification of 25 clusters in the form of 4 main themes of the phenomenon under investigation.
Conclusion: On the other hand, based on the matrix process, it was determined that the clusters of violations of information rights in the context of companies active in automobile and parts manufacturing have the most significant negative consequences of promoting sectarianism of corporate governance at the level of companies active in the automobile and parts manufacturing industry of Tehran Stock Exchange.

Keywords

Structural Sectarianism

Corporate Governance

Ethnographic Process

Subjects

Management Accounting

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