Corporate Governance and Firm Performance: Evidence from Nigeria Publicly Traded Enterprises
Authors: Yang, Y., Liang, Y.
Journal: Global Journal of Finance and Business Review (GJFBR), ISSN 1694-450X
Citation: GJFBR 5(2), 2022-08-07.
DOI: 10.1109/icise.2009.436
PDF: Download full-text PDF
Type: Original Research
Abstract
The study's objective was to examine the relationship between corporate governance and firm performance in Nigerian publicly traded enterprises. Ex post facto research was used in the study to analyse data from 20 manufacturing listed companies. The data, which spans the years 2010 through 2020, was evaluated using System GMM. Profit margin and return on asset were used to measure firm performance. The study's findings demonstrated that corporate governance metrics (such as board size, audit committee size, and audit quality) have a significant impact on a company's profitability. Therefore, the findings suggest, among other things, that the government and the pertinent authorities create legislation on institutional and governmental ownership to serve as a regulator and, in the long run, improve corporate performance.
Keywords
Corporate Governance, Firm Performance, Return on Asset, Generalized Method of Moments, Firm Size, Audit quality Authorship: Egiyi, M. A. PhD | FULL PDF
Full Text
The study's objective was to examine the relationship between corporate governance and firm performance in Nigerian publicly traded enterprises. Ex post facto research was used in the study to analyse data from 20 manufacturing listed companies. The data, which spans the years 2010 through 2020, was evaluated using System GMM. Profit margin and return on asset were used to measure firm performance. The study's findings demonstrated that corporate governance metrics (such as board size, audit committee size, and audit quality) have a significant impact on a company's profitability. Therefore, the findings suggest, among other things, that the government and the pertinent authorities create legislation on institutional and governmental ownership to serve as a regulator and, in the long run, improve corporate performance.